Northrop Grumman Corporation NOC

510.52 1.54 0.30% as of 25 Sep
Market cap
$72.4B
P/E
16.2×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Northrop Grumman Corporation (NOC) Price to free cash flow

As of 25 September 2026, Northrop Grumman Corporation (NOC) trades at a price to free cash flow of 19.9×. Over the past ten years it has ranged from 12.5× (October 2020) to 167× (September 2022); the current reading is higher than 27% of that period. That is below the Aerospace & Defense industry median of 34.0× and in line with the Industrials sector median of 20.6×.

Price to free cash flow, daily

Annual

Period Price to free cash flow Change
FY2025 24.7× (5.99%)
FY2024 26.3× (22.39%)
FY2023 33.9× (34.32%)
FY2022 51.6× 86.07%
FY2021 27.7× 68.40%
FY2020 16.5× (14.18%)
FY2019 19.2× 16.36%
FY2018 16.5× (47.77%)
FY2017 31.6× 42.32%
FY2016 22.2× 4.97%

Quarterly

Period Price to free cash flow Change
Jun 2026 19.9× (32.33%)
Mar 2026 29.3× 18.55%
Dec 2025 24.7× (47.96%)
Sep 2025 47.5× (13.45%)
42 more quarters

Against its own ten years

Low 12.5× High 167×
Ten-year median 24.9×
Current reading's percentile 27

Price to free cash flow against peers

Company Price to free cash flow
RKLB Rocket Lab Corporation compare n/m
LMT Lockheed Martin Corporation compare 13.7×
GD General Dynamics Corporation compare 14.1×
LHX L3Harris Technologies Inc compare 15.8×
NOC Northrop Grumman Corporation 19.9×
HEI.A Heico Corporation compare 31.5×
TDG Transdigm Group Incorporated compare 33.2×
HEI Heico Corporation compare 41.8×
HWM Howmet Aerospace Inc. compare 46.1×
Aerospace & Defense industry median 34.0×
Industrials sector median 20.6×
Market median 14.0×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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