Northrop Grumman (NOC) Free Cash Flow (2009 - 2026)
Northrop Grumman (NOC) reported Free Cash Flow of $978 million for Q2 2026, up 53.5% from $637 million a year earlier.
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Analysis
Northrop Grumman (NOC) Free Cash Flow (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Northrop Grumman's Free Cash Flow came in at $3.65 billion, up 178.7% year-over-year; for FY2025, it came in at $3.31 billion, up 26.2% from FY2024.
- Free Cash Flow has increased for three consecutive years, with a five-year compound annual growth rate of 2.8% (FY2020 to FY2025).
- By year, Free Cash Flow came in at $2.62 billion in FY2024 (+24.8%), $2.1 billion in FY2023 (+43.2%), $1.47 billion in FY2022 (-31.9%) and $2.15 billion in FY2021 (-25.4%).
- Five-year quarterly Free Cash Flow spans a low of -$1.82 billion in Q1 2026 and a high of $3.24 billion in Q4 2025.
- Year over year, Free Cash Flow gained in four of the last six quarters, with growth averaging 26.5%.
- The high point for year-over-year Free Cash Flow in five years was Q4 2022 (growth of 128.3%); the low point was Q2 2025 (a decline of 42.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at -$1.82 billion (Q1 2026), $3.24 billion (Q4 2025) and $1.26 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 305.96 Bn | 264.47 Bn | 5.02 Bn | 1.87 Bn |
| 2 | Rtx | 258.78 Bn | 227.05 Bn | 5.81 Bn | 2.12 Bn |
| 3 | Boeing | 152.08 Bn | 58.77 Bn | 2.41 Bn | 631.00 Mn |
| 4 | Lockheed Martin | 127.01 Bn | 113.73 Bn | 2.45 Bn | 2.92 Bn |
| 5 | General Dynamics | 93.41 Bn | 80.52 Bn | 2.18 Bn | 1.65 Bn |
| 6 | Howmet Aerospace | 83.06 Bn | 78.66 Bn | 951.00 Mn | 479.00 Mn |
| 7 | Motorola Solutions | 77.59 Bn | 73.94 Bn | 1.68 Bn | 414.00 Mn |
| 8 | Northrop Grumman | 76.72 Bn | 64.17 Bn | 2.35 Bn | 1.44 Bn |
| 9 | Honeywell International | 68.15 Bn | 20.27 Bn | 3.65 Bn | 961.00 Mn |
| 10 | TransDigm | 64.75 Bn | 52.75 Bn | 1.63 Bn | 650.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.44 Bn |
| Jun 30, 2026 | 978.00 Mn |
| Mar 31, 2026 | -1.82 Bn |
| Dec 31, 2025 | 3.24 Bn |
| Sep 30, 2025 | 1.26 Bn |
| Jun 30, 2025 | 637.00 Mn |
| Mar 31, 2025 | -1.82 Bn |
| Dec 31, 2024 | 1.76 Bn |
| Sep 30, 2024 | 730.00 Mn |
| Jun 30, 2024 | 1.11 Bn |
| Mar 31, 2024 | -976.00 Mn |
| Dec 31, 2023 | 1.63 Bn |
| Sep 30, 2023 | 869.00 Mn |
| Jun 30, 2023 | 615.00 Mn |
| Mar 31, 2023 | -1.01 Bn |
| Dec 31, 2022 | 1.62 Bn |
| Sep 30, 2022 | 1.04 Bn |
| Jun 30, 2022 | -460.00 Mn |
| Mar 31, 2022 | -732.00 Mn |
| Dec 31, 2021 | 709.00 Mn |
API Access
Northrop Grumman Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=NOC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "NOC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=NOC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();