Northrop Grumman (NOC) FCF Margin (2009 - 2026)
Northrop Grumman (NOC) posted FCF Margin of 8.99% for Q2 2026, up 148.74% on a QoQ basis from 18.45% in Q1 2026, and up 284.0% year-over-year from 2.34% in Q2 2025.
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Northrop Grumman (NOC) FCF Margin (2009 - 2026) Analysis & Trends
Northrop Grumman has reported FCF Margin for 18 years, with the latest figure at 8.99% in Q2 2026.
- On a quarterly basis, FCF Margin rose 284.0% year-over-year to 8.99% in Q2 2026; TTM through Jun 2026 was 8.5%, a 527.0% increase from a year earlier, with the FY2025 full-year figure at 7.88%, up 149.0% from the prior year.
- FCF Margin was 8.99% for Q2 2026 at Northrop Grumman, up from 18.45% 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 4.22%, with a median of 8.1% recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: FCF Margin sank 1395 bps in 2022, then soared 1165 bps in 2023.
- Over 5 years, FCF Margin stood at 16.14% in 2022, then declined by 5 bps to 15.29% in 2023, then advanced by 8 bps to 16.49% in 2024, then soared by 68 bps to 27.62% in 2025, then sank by 67 bps to 8.99% in 2026.
- The last three FCF Margin figures came in at 8.99% (Q2 2026), 18.45% (Q1 2026), and 27.62% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Lockheed Martin | 120.87 Bn | 117.07 Bn | 2.45 Bn | 14.54% |
| 2 | General Dynamics | 95.39 Bn | 91.06 Bn | 6.76 Bn | 11.68% |
| 3 | Motorola Solutions | 76.32 Bn | 75.61 Bn | 1.68 Bn | 13.21% |
| 4 | Northrop Grumman | 73.49 Bn | 71.18 Bn | 3.72 Bn | 8.99% |
| 5 | L3Harris Technologies | 46.76 Bn | 45.24 Bn | 1.50 Bn | 13.11% |
| 6 | Elbit Systems | 32.70 Bn | 31.74 Bn | 579.01 Mn | 10.35% |
| 7 | Teledyne Technologies | 27.56 Bn | 27.22 Bn | 738.10 Mn | 17.12% |
| 8 | Curtiss Wright | 20.85 Bn | 20.37 Bn | 364.09 Mn | 16.42% |
| 9 | Leidos Holdings | 16.21 Bn | 15.46 Bn | 817.00 Mn | 16.70% |
| 10 | Caci International | 13.42 Bn | 13.22 Bn | 913.55 Mn | 12.24% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.99% |
| 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% |