Northrop Grumman (NOC) Return on Capital Employed [ROCE] (2009 - 2026)
Northrop Grumman (NOC) posted Return on Capital Employed [ROCE] of 12.21% for Q3 2026, up 0.40 percentage points from 11.81% a year earlier but down 0.20 percentage points from the prior quarter.
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Analysis
Northrop Grumman (NOC) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Northrop Grumman's Return on Capital Employed [ROCE] came in at 12.36%, down 0.56 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] shows a five-year change of +0.12 percentage points (FY2020 to FY2025).
- In prior years, Northrop Grumman's Return on Capital Employed [ROCE] was 12.92% in FY2024 (+5.28 pp), 7.64% in FY2023 (-3.76 pp), 11.40% in FY2022 (-5.22 pp) and 16.62% in FY2021 (+4.38 pp).
- Quarterly Return on Capital Employed [ROCE] has run from a low of 7.51% in Q4 2023 to a high of 17.16% in Q4 2021 over five years.
- On a year-over-year basis, Return on Capital Employed [ROCE] has increased in each of the last three quarters, with an average year-over-year change of +2.30 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Capital Employed [ROCE] in the past five years was Q4 2021, with a gain of 5.56 percentage points; the weakest was Q3 2022, with a drop of 7.23 percentage points.
- According to Business Quant data, Return on Capital Employed [ROCE] for the three prior quarters was 12.41% (Q2 2026), 13.01% (Q1 2026) and 12.37% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 296.44 Bn | 254.96 Bn | 5.02 Bn | -29.08% |
| 2 | Rtx | 258.97 Bn | 227.24 Bn | 5.81 Bn | 10.08% |
| 3 | Boeing | 146.80 Bn | 53.49 Bn | 2.41 Bn | 8.25% |
| 4 | Lockheed Martin | 137.01 Bn | 121.24 Bn | 2.44 Bn | 23.92% |
| 5 | General Dynamics | 94.12 Bn | 81.24 Bn | 2.18 Bn | 13.87% |
| 6 | Motorola Solutions | 79.04 Bn | 75.38 Bn | 1.68 Bn | 22.44% |
| 7 | Northrop Grumman | 77.42 Bn | 64.88 Bn | 2.35 Bn | 12.21% |
| 8 | Howmet Aerospace | 74.83 Bn | 70.43 Bn | 951.00 Mn | 22.99% |
| 9 | Honeywell International | 68.88 Bn | 21.00 Bn | 3.65 Bn | 15.09% |
| 10 | TransDigm | 62.86 Bn | 50.86 Bn | 1.63 Bn | 19.59% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.21% |
| Jun 30, 2026 | 12.41% |
| Mar 31, 2026 | 13.01% |
| Dec 31, 2025 | 12.37% |
| Sep 30, 2025 | 11.81% |
| Jun 30, 2025 | 11.85% |
| Mar 31, 2025 | 11.08% |
| Dec 31, 2024 | 12.60% |
| Sep 30, 2024 | 8.28% |
| Jun 30, 2024 | 7.99% |
| Mar 31, 2024 | 7.82% |
| Dec 31, 2023 | 7.51% |
| Sep 30, 2023 | 10.98% |
| Jun 30, 2023 | 10.98% |
| Mar 31, 2023 | 10.89% |
| Dec 31, 2022 | 11.38% |
| Sep 30, 2022 | 10.91% |
| Jun 30, 2022 | 11.04% |
| Mar 31, 2022 | 11.16% |
| Dec 31, 2021 | 17.16% |
API Access
Northrop Grumman Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=NOC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=NOC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();