Northrop Grumman (NOC) Return on Capital Employed (2009 - 2026)
Northrop Grumman's (NOC) quarterly Return on Capital Employed came in at 6.15% in Q2 2026, down 40.0% year-on-year from 10.25% in Q2 2025, and down 10.66% quarter-over-quarter from 6.88% in Q1 2026.
Northrop Grumman (NOC) Return on Capital Employed (2009 - 2026) Analysis & Trends
Northrop Grumman's Return on Capital Employed history runs 18 years deep, the most recent figure standing at 6.15% for Q2 2026.
- On a quarterly basis, Return on Capital Employed fell 40.0% year-over-year to 6.15% in Q2 2026; TTM through Jun 2026 was 6.15%, a 40.0% decrease from a year earlier, with the FY2025 full-year figure at 12.36%, down 56.0% from the prior year.
- Return on Capital Employed retreated to 6.15% in Q2 2026 per NOC's latest filing, from 6.88% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 9.48% in Q4 2024 and bottomed at 5.28% in Q4 2023.
- The 5-year median for Return on Capital Employed is 6.12% (2022), against an average of 6.5%.
- Across the five-year window, Return on Capital Employed slumped 1251 bps in 2022 and surged 420 bps in 2024, its largest moves.
- Year by year, Return on Capital Employed stood at 6.1% in 2022, then retreated by 13 bps to 5.28% in 2023, then surged by 79 bps to 9.48% in 2024, then fell by 27 bps to 6.96% in 2025, then fell by 12 bps to 6.15% in 2026.
- Per Business Quant, the three latest NOC Return on Capital Employed figures stand at 6.15% (Q2 2026), 6.88% (Q1 2026), and 6.96% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Cae | 5,697,680.75 Bn | 5,697,680.75 Bn | 230.83 Mn | - |
| 2 | General Electric | 362.11 Bn | 352.99 Bn | -3.10 Bn | 5.60% |
| 3 | Rtx | 281.55 Bn | 276.45 Bn | 9.91 Bn | 9.62% |
| 4 | Boeing | 164.90 Bn | 143.99 Bn | 2.55 Bn | 7.00% |
| 5 | Lockheed Martin | 130.94 Bn | 129.05 Bn | 2.45 Bn | 24.71% |
| 6 | Howmet Aerospace | 115.17 Bn | 112.74 Bn | 854.00 Mn | 23.50% |
| 7 | General Dynamics | 103.20 Bn | 99.50 Bn | 9.09 Bn | 14.01% |
| 8 | Northrop Grumman | 75.75 Bn | 73.44 Bn | 3.72 Bn | 6.15% |
| 9 | TransDigm | 70.66 Bn | 66.79 Bn | 1.51 Bn | 19.95% |
| 10 | L3Harris Technologies | 55.90 Bn | 55.90 Bn | 1.40 Bn | 12.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 6.15% |
| Mar 31, 2026 | 6.88% |
| Dec 31, 2025 | 6.96% |
| Sep 30, 2025 | 6.43% |
| Jun 30, 2025 | 6.55% |
| Mar 31, 2025 | 5.70% |
| Dec 31, 2024 | 9.48% |
| Sep 30, 2024 | 5.90% |
| Jun 30, 2024 | 8.71% |
| Mar 31, 2024 | 5.60% |
| Dec 31, 2023 | 5.28% |
| Sep 30, 2023 | 5.70% |
| Jun 30, 2023 | 5.46% |
| Mar 31, 2023 | 8.39% |
| Dec 31, 2022 | 6.10% |
| Sep 30, 2022 | 5.62% |
| Jun 30, 2022 | 5.98% |
| Mar 31, 2022 | 6.17% |
| Dec 31, 2021 | 14.62% |
| Sep 30, 2021 | 18.13% |