Northrop Grumman (NOC) FCF Margin (2009 - 2026)
Northrop Grumman's (NOC) quarterly FCF Margin came in at 8.99% in Q2 2026, up 284.0% year-on-year from 2.34% in Q2 2025, and up 148.74% quarter-over-quarter from 18.45% in Q1 2026.
Northrop Grumman (NOC) FCF Margin (2009 - 2026) Analysis & Trends
Northrop Grumman's FCF Margin history runs 18 years deep, the most recent figure standing at 8.99% for 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 rose to 8.99% in Q2 2026 per NOC's latest filing, from 18.45% in the prior quarter.
- Across five years, FCF Margin topped out at 27.62% in Q4 2025 and bottomed at 19.23% in Q1 2025.
- The 5-year median for FCF Margin is 8.1% (2023), against an average of 4.22%.
- Across the five-year window, FCF Margin slumped 1395 bps in 2022 and jumped 1165 bps in 2023, its largest moves.
- Year by year, FCF Margin stood at 16.14% in 2022, then dropped by 5 bps to 15.29% in 2023, then gained by 8 bps to 16.49% in 2024, then surged by 68 bps to 27.62% in 2025, then plunged by 67 bps to 8.99% in 2026.
- Per Business Quant, the three latest NOC FCF Margin figures stand at 8.99% (Q2 2026), 18.45% (Q1 2026), and 27.62% (Q4 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 369.74 Bn | 360.40 Bn | -3.10 Bn | 393.71% |
| 2 | Rtx | 286.79 Bn | 278.48 Bn | 9.91 Bn | 11.65% |
| 3 | Boeing | 168.91 Bn | 148.89 Bn | 2.41 Bn | 2.57% |
| 4 | Lockheed Martin | 132.03 Bn | 128.24 Bn | 2.45 Bn | 14.54% |
| 5 | Howmet Aerospace | 111.81 Bn | 109.37 Bn | 854.00 Mn | 19.37% |
| 6 | General Dynamics | 101.89 Bn | 97.56 Bn | 6.76 Bn | 11.68% |
| 7 | Northrop Grumman | 75.58 Bn | 73.27 Bn | 3.72 Bn | 8.99% |
| 8 | TransDigm | 72.49 Bn | 68.61 Bn | 1.51 Bn | 2.52% |
| 9 | L3Harris Technologies | 50.52 Bn | 49.93 Bn | 1.40 Bn | -3.38% |
| 10 | Heico | 49.29 Bn | 49.08 Bn | 569.53 Mn | 19.91% |
Historic Data
Download 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% |