Northrop Grumman (NOC) FCF Margin (2009 - 2026)

Northrop Grumman (NOC) posted quarterly FCF Margin of 18.45% for Q1 2026, up 78.0% year-over-year from 10.36% in Q1 2025, and down 166.79% on a QoQ basis from 27.62% in Q4 2025.

Northrop Grumman (NOC) FCF Margin (2009 - 2026) Analysis & Trends

Northrop Grumman (NOC) has reported FCF Margin for 18 consecutive years, with 18.45% the latest figure, recorded in Q1 2026.

  • In Q1 2026, FCF Margin rose 78.0% year-over-year to 18.45%; the TTM figure through Mar 2026 stood at 7.8% (up 340.0% YoY), while the FY2025 annual figure was 7.88%, up 149.0% from the prior year.
  • FCF Margin came in at 18.45% for Q1 2026 at Northrop Grumman, down from 27.62% in the prior quarter.
  • The five-year high for FCF Margin was 27.62% in Q4 2025, with the low at 19.23% in Q1 2025.
  • Average FCF Margin over 5 years is 3.94%, with a median of 7.3% recorded in 2024.
  • Across the five-year window, FCF Margin tumbled 1395 bps in 2022 and surged 1165 bps in 2023, its largest moves.
  • Year by year, FCF Margin stood at 16.14% in 2022, then retreated by 5 bps to 15.29% in 2023, then grew by 8 bps to 16.49% in 2024, then surged by 68 bps to 27.62% in 2025, then sank by 167 bps to 18.45% in 2026.
  • According to Business Quant data, FCF Margin over the past three periods registered 18.45%, 27.62%, and 12.05% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Boeing 1,106.33 Bn 1,085.43 Bn 2.55 Bn -6.54%
2 Rtx 258.51 Bn 253.40 Bn 9.08 Bn 5.93%
3 General Dynamics 174.86 Bn 171.21 Bn 9.09 Bn 14.48%
4 Lockheed Martin 119.99 Bn 118.10 Bn 2.08 Bn -1.61%
5 Howmet Aerospace 107.26 Bn 104.82 Bn 854.00 Mn 15.52%
6 TransDigm 76.18 Bn 72.30 Bn 1.51 Bn 2.52%
7 Northrop Grumman 73.88 Bn 71.79 Bn 3.45 Bn -18.45%
8 Rocket Lab 60.59 Bn 59.31 Bn 76.49 Mn -35.67%
9 L3Harris Technologies 54.60 Bn 54.60 Bn 1.40 Bn -3.38%
10 Heico 50.20 Bn 50.07 Bn 569.53 Mn 19.91%

Historic Data

Download Data
DateValue
Mar 31, 2026 -18.45%
Dec 31, 2025 27.62%
Sep 30, 2025 12.05%
Jun 30, 2025 6.15%
Mar 31, 2025 -19.23%
Dec 31, 2024 16.49%
Sep 30, 2024 7.30%
Jun 30, 2024 10.81%
Mar 31, 2024 -9.63%
Dec 31, 2023 15.29%
Sep 30, 2023 8.89%
Jun 30, 2023 6.42%
Mar 31, 2023 -10.87%
Dec 31, 2022 16.14%
Sep 30, 2022 11.58%
Jun 30, 2022 -5.23%
Mar 31, 2022 -8.32%
Dec 31, 2021 8.21%
Sep 30, 2021 10.50%
Jun 30, 2021 8.72%