Northrop Grumman (NOC) Return on Invested Capital [ROIC] (2009 - 2026)
Northrop Grumman (NOC) posted Return on Invested Capital [ROIC] of 12.31% for Q2 2026, up 0.61 percentage points from 11.70% a year earlier but down 0.58 percentage points from the prior quarter.
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Analysis
Northrop Grumman (NOC) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Northrop Grumman's Return on Invested Capital [ROIC] came in at 12.04%, down 0.38 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a five-year change of -2.94 percentage points (FY2020 to FY2025).
- In prior years, Northrop Grumman's Return on Invested Capital [ROIC] was 12.42% in FY2024 (+4.44 pp), 7.98% in FY2023 (-3.46 pp), 11.44% in FY2022 (-6.09 pp) and 17.53% in FY2021 (+2.55 pp).
- Quarterly Return on Invested Capital [ROIC] has run from a low of 7.63% in Q4 2023 to a high of 19.75% in Q3 2021 over five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] increased in six of the last eight quarters, with an average year-over-year change of +1.70 percentage points.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q3 2021, with a gain of 5.48 percentage points; the weakest was Q3 2022, with a drop of 8.94 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 12.89% (Q1 2026), 11.82% (Q4 2025) and 11.54% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 321.31 Bn | 275.31 Bn | 4.68 Bn | -53.90% |
| 2 | Rtx | 248.97 Bn | 222.19 Bn | 5.13 Bn | 8.08% |
| 3 | Boeing | 152.99 Bn | 59.70 Bn | 2.41 Bn | 7.69% |
| 4 | Lockheed Martin | 116.67 Bn | 103.39 Bn | 2.45 Bn | 26.98% |
| 5 | Howmet Aerospace | 92.54 Bn | 88.15 Bn | 951.00 Mn | 19.17% |
| 6 | General Dynamics | 89.31 Bn | 76.42 Bn | 2.18 Bn | 13.63% |
| 7 | Motorola Solutions | 74.04 Bn | 70.40 Bn | 1.68 Bn | 20.27% |
| 8 | Northrop Grumman | 67.90 Bn | 57.15 Bn | 2.12 Bn | 12.31% |
| 9 | Honeywell International | 67.82 Bn | 20.27 Bn | 3.65 Bn | 12.25% |
| 10 | TransDigm | 60.25 Bn | 48.34 Bn | 1.63 Bn | 15.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.31% |
| Mar 31, 2026 | 12.89% |
| Dec 31, 2025 | 11.82% |
| Sep 30, 2025 | 11.54% |
| Jun 30, 2025 | 11.70% |
| Mar 31, 2025 | 10.89% |
| Dec 31, 2024 | 12.24% |
| Sep 30, 2024 | 8.67% |
| Jun 30, 2024 | 8.32% |
| Mar 31, 2024 | 8.05% |
| Dec 31, 2023 | 7.63% |
| Sep 30, 2023 | 10.93% |
| Jun 30, 2023 | 10.59% |
| Mar 31, 2023 | 10.96% |
| Dec 31, 2022 | 11.43% |
| Sep 30, 2022 | 10.81% |
| Jun 30, 2022 | 11.35% |
| Mar 31, 2022 | 11.73% |
| Dec 31, 2021 | 17.75% |
| Sep 30, 2021 | 19.75% |
API Access
Northrop Grumman Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=NOC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=NOC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();