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). See Northrop Grumman Corporation balance sheet independence to measure how much of total assets are equity-financed.
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. Check how aggressively does Northrop Grumman Corporation reinvest cash to assess the company's total reinvestment commitment from 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. For live market cap and broader valuation context, see how much is Northrop Grumman Corporation worth.
| 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 | — |