Northrop Grumman (NOC) FCF Payout Ratio (2009 - 2026)
Northrop Grumman (NOC) posted FCF Payout Ratio of 0.36 for Q2 2026, up 296.48% on a QoQ basis from 0.18 in Q1 2026, and down 31.14% year-over-year from 0.52 in Q2 2025.
Analysis
Northrop Grumman (NOC) FCF Payout Ratio (2009 - 2026) Analysis & Trends
Northrop Grumman has reported FCF Payout Ratio for 18 years, with the latest figure at 0.36 in Q2 2026.
- On a quarterly basis, FCF Payout Ratio fell 31.14% year-over-year to 0.36 in Q2 2026; TTM through Jun 2026 was 0.37, a 60.93% decrease from a year earlier, with the FY2025 full-year figure at 0.39, down 13.59% from the prior year.
- FCF Payout Ratio was 0.36 for Q2 2026 at Northrop Grumman, up from 0.18 in the prior quarter.
- The five-year high for FCF Payout Ratio was 0.52 in Q2 2025, with the low at 0.59 in Q2 2022.
- Average FCF Payout Ratio over 5 years is 0.09, with a median of 0.17 recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: FCF Payout Ratio slumped 284.41% in 2022, then soared 178.68% in 2023.
- Over 5 years, FCF Payout Ratio stood at 0.16 in 2022, then increased by 5.49% to 0.17 in 2023, then dropped by 2.1% to 0.17 in 2024, then sank by 40.07% to 0.1 in 2025, then surged by 252.9% to 0.36 in 2026.
- The last three FCF Payout Ratio figures came in at 0.36 (Q2 2026), 0.18 (Q1 2026), and 0.1 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Lockheed Martin | 122.01 Bn | 118.22 Bn | 2.45 Bn | 0.27 |
| 2 | General Dynamics | 95.71 Bn | 91.37 Bn | 6.76 Bn | 0.26 |
| 3 | Motorola Solutions | 76.80 Bn | 76.09 Bn | 1.68 Bn | 0.49 |
| 4 | Northrop Grumman | 73.72 Bn | 71.41 Bn | 3.72 Bn | 0.36 |
| 5 | L3Harris Technologies | 46.24 Bn | 44.72 Bn | 1.50 Bn | 0.30 |
| 6 | Elbit Systems | 33.11 Bn | 32.15 Bn | 579.01 Mn | 0.20 |
| 7 | Teledyne Technologies | 27.62 Bn | 27.28 Bn | 738.10 Mn | - |
| 8 | Curtiss Wright | 20.67 Bn | 20.19 Bn | 364.09 Mn | - |
| 9 | Leidos Holdings | 16.32 Bn | 15.57 Bn | 817.00 Mn | 0.07 |
| 10 | Caci International | 13.78 Bn | 13.59 Bn | 913.55 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.36 |
| Mar 31, 2026 | -0.18 |
| Dec 31, 2025 | 0.10 |
| Sep 30, 2025 | 0.26 |
| Jun 30, 2025 | 0.52 |
| Mar 31, 2025 | -0.17 |
| Dec 31, 2024 | 0.17 |
| Sep 30, 2024 | 0.41 |
| Jun 30, 2024 | 0.28 |
| Mar 31, 2024 | -0.29 |
| Dec 31, 2023 | 0.17 |
| Sep 30, 2023 | 0.33 |
| Jun 30, 2023 | 0.46 |
| Mar 31, 2023 | -0.27 |
| Dec 31, 2022 | 0.16 |
| Sep 30, 2022 | 0.26 |
| Jun 30, 2022 | -0.59 |
| Mar 31, 2022 | -0.34 |
| Dec 31, 2021 | 0.35 |
| Sep 30, 2021 | 0.28 |