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

Northrop Grumman's FCF Margin history runs 18 years deep, the most recent figure standing at 18.45% for 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 was 18.45% for Q1 2026 at Northrop Grumman, down from 27.62% in the prior quarter.
• In the past five years, FCF Margin ranged from a high of 27.62% in Q4 2025 to a low of 19.23% in Q1 2025.
• Historically, FCF Margin has averaged 3.94% across 5 years, with a median of 7.3% in 2024.
• The sharpest annual moves came in 2022 and 2023: FCF Margin slumped 1395 bps in 2022, then surged 1165 bps in 2023.
• A 5-year view of FCF Margin shows it 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 167 bps to 18.45% in 2026.
• The last three FCF Margin figures came in at 18.45% (Q1 2026), 27.62% (Q4 2025), and 12.05% (Q3 2025), per Business Quant data.