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
DateValue
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