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
DateValue
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%