Northrop Grumman (NOC) Free Cash Flow (2009 - 2026)
Northrop Grumman (NOC) posted quarterly Free Cash Flow of -$1.8 billion for Q1 2026, little changed year-over-year from -$1.8 billion in Q1 2025, and down 156.35% on a QoQ basis from $3.2 billion in Q4 2025.
Northrop Grumman (NOC) Free Cash Flow (2009 - 2026) Analysis & Trends
Northrop Grumman (NOC) has reported Free Cash Flow for 18 consecutive years, with -$1.8 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Free Cash Flow changed 0.11% year-over-year to -$1.8 billion; the TTM figure through Mar 2026 stood at $3.3 billion (up 86.09% YoY), while the FY2025 annual figure was $3.3 billion, up 26.17% from the prior year.
- Free Cash Flow came in at -$1.8 billion for Q1 2026 at Northrop Grumman, down from $3.2 billion in the prior quarter.
- The five-year high for Free Cash Flow was $3.2 billion in Q4 2025, with the low at -$1.8 billion in Q1 2026.
- Average Free Cash Flow over 5 years is $451.2 million, with a median of $730.0 million recorded in 2024.
- Across the five-year window, Free Cash Flow sank 170.11% in 2022 and jumped 233.7% in 2023, its largest moves.
- Year by year, Free Cash Flow stood at $1.6 billion in 2022, then increased by 0.49% to $1.6 billion in 2023, then increased by 8.3% to $1.8 billion in 2024, then surged by 83.6% to $3.2 billion in 2025, then sank by 156.35% to -$1.8 billion in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered -$1.8 billion, $3.2 billion, and $1.3 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Boeing | 1,106.33 Bn | 1,085.43 Bn | 2.55 Bn | -1.45 Bn |
| 2 | Rtx | 258.51 Bn | 253.40 Bn | 9.08 Bn | 1.31 Bn |
| 3 | General Dynamics | 174.86 Bn | 171.21 Bn | 9.09 Bn | 1.95 Bn |
| 4 | Lockheed Martin | 119.99 Bn | 118.10 Bn | 2.08 Bn | -291.00 Mn |
| 5 | Howmet Aerospace | 107.26 Bn | 104.82 Bn | 854.00 Mn | 359.00 Mn |
| 6 | TransDigm | 76.18 Bn | 72.30 Bn | 1.51 Bn | 64.00 Mn |
| 7 | Northrop Grumman | 73.88 Bn | 71.79 Bn | 3.45 Bn | -1.82 Bn |
| 8 | Rocket Lab | 60.59 Bn | 59.31 Bn | 76.49 Mn | -71.46 Mn |
| 9 | L3Harris Technologies | 54.60 Bn | 54.60 Bn | 1.40 Bn | -194.00 Mn |
| 10 | Heico | 50.20 Bn | 50.07 Bn | 569.53 Mn | 273.92 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.82 Bn |
| Mar 31, 2026 | -1.82 Bn |
| Dec 31, 2025 | 3.24 Bn |
| Dec 31, 2025 | 3.24 Bn |
| Sep 30, 2025 | 1.26 Bn |
| Sep 30, 2025 | 1.26 Bn |
| Jun 30, 2025 | 637.00 Mn |
| Jun 30, 2025 | 637.00 Mn |
| Mar 31, 2025 | -1.82 Bn |
| Mar 31, 2025 | -1.82 Bn |
| Dec 31, 2024 | 1.76 Bn |
| Dec 31, 2024 | 1.76 Bn |
| Sep 30, 2024 | 730.00 Mn |
| Sep 30, 2024 | 730.00 Mn |
| Jun 30, 2024 | 1.11 Bn |
| Jun 30, 2024 | 1.11 Bn |
| Mar 31, 2024 | -976.00 Mn |
| Mar 31, 2024 | -976.00 Mn |
| Dec 31, 2023 | 1.63 Bn |
| Dec 31, 2023 | 1.63 Bn |