Northrop Grumman Corporation (NOC) — Capital Reinvestment Ratio
Northrop Grumman Corporation (NOC) has a Capital Reinvestment Ratio of 0.17x as of December 2025, meaning it reinvests 0% of its operating cash flow ($3.90 Billion) in capital expenditures ($662.00 Million). Check Northrop Grumman Corporation (NOC) tangible net worth to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Northrop Grumman Corporation Capital Reinvestment Ratio (1989–2025)
This chart tracks Northrop Grumman Corporation's Capital Reinvestment Ratio across 37 annual periods. For the full cash flow conversion analysis, see NOC operating cash flow.
Annual Capital Reinvestment Ratio for Northrop Grumman Corporation (1989–2025)
Year-by-year Capital Reinvestment Ratio for Northrop Grumman Corporation from 1989 to 2025. See cash generation quality of Northrop Grumman Corporation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.30x | $4.76 Billion | $1.45 Billion | ▼ -24.3% |
| 2024 | 0.40x | $4.39 Billion | $1.77 Billion | ▼ -12.1% |
| 2023 | 0.46x | $3.88 Billion | $1.77 Billion | ▼ -7.4% |
| 2022 | 0.49x | $2.90 Billion | $1.44 Billion | ▲ +24.7% |
| 2021 | 0.40x | $3.57 Billion | $1.42 Billion | ▲ +20.3% |
| 2020 | 0.33x | $4.30 Billion | $1.42 Billion | ▲ +12.1% |
| 2019 | 0.29x | $4.30 Billion | $1.26 Billion | ▼ -9.9% |
| 2018 | 0.33x | $3.83 Billion | $1.25 Billion | ▼ -8.1% |
| 2017 | 0.36x | $2.61 Billion | $928.00 Million | ▲ +8.6% |
| 2016 | 0.33x | $2.81 Billion | $920.00 Million | ▲ +50.1% |
| 2015 | 0.22x | $2.16 Billion | $471.00 Million | ▲ +0.7% |
| 2014 | 0.22x | $2.59 Billion | $561.00 Million | ▲ +47.6% |
| 2013 | 0.15x | $2.48 Billion | $364.00 Million | ▲ +16.9% |
| 2012 | 0.13x | $2.64 Billion | $331.00 Million | ▼ -45.7% |
| 2011 | 0.23x | $2.12 Billion | $488.00 Million | ▼ -3.2% |
| 2010 | 0.24x | $2.45 Billion | $585.00 Million | ▼ -29.5% |
| 2009 | 0.34x | $2.13 Billion | $722.00 Million | ▲ +59.6% |
| 2008 | 0.21x | $3.21 Billion | $681.00 Million | ▼ -10.5% |
| 2007 | 0.24x | $2.89 Billion | $685.00 Million | ▼ -43.5% |
| 2006 | 0.42x | $1.76 Billion | $737.00 Million | ▲ +33.8% |
| 2005 | 0.31x | $2.63 Billion | $824.00 Million | ▼ -9.6% |
| 2004 | 0.35x | $1.94 Billion | $672.00 Million | ▼ -60.5% |
| 2003 | 0.88x | $798.00 Million | $701.00 Million | ▲ +175.8% |
| 2002 | 0.32x | $1.69 Billion | $538.00 Million | ▼ -33.8% |
| 2001 | 0.48x | $817.00 Million | $393.00 Million | ▲ +77.3% |
| 2000 | 0.27x | $1.01 Billion | $274.00 Million | ▼ -24.4% |
| 1999 | 0.36x | $1.21 Billion | $433.00 Million | ▼ -66.5% |
| 1998 | 1.07x | $244.00 Million | $261.00 Million | ▲ +228.1% |
| 1997 | 0.33x | $730.00 Million | $238.00 Million | ▲ +17.8% |
| 1996 | 0.28x | $701.00 Million | $194.00 Million | ▲ +54.8% |
| 1995 | 0.18x | $744.00 Million | $133.00 Million | ▼ -41.2% |
| 1994 | 0.30x | $441.00 Million | $134.00 Million | ▼ -13.8% |
| 1993 | 0.35x | $380.00 Million | $134.00 Million | ▼ -18.6% |
| 1992 | 0.43x | $284.00 Million | $123.00 Million | ▲ +124.8% |
| 1991 | 0.19x | $609.40 Million | $117.40 Million | ▼ -57.7% |
| 1990 | 0.46x | $266.10 Million | $121.20 Million | ▼ -80.8% |
| 1989 | 2.38x | $78.60 Million | $186.80 Million | — |