Northrop Grumman Corporation (NOC) — Capital Reinvestment Ratio
Latest as of December 2025:
0.17x
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 free cash flow generation of Northrop Grumman Corporation to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.17x
Capex / Operating Cash Flow
Operating Cash Flow
$3.90 Billion
USD
Capital Expenditures
$662.00 Million
USD
Data as of
Dec 2025
Most recent filing
Northrop Grumman Corporation Capital Reinvestment Ratio (1989–2025)
This chart tracks Northrop Grumman Corporation's Capital Reinvestment Ratio across 37 annual periods.
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 NOC market cap.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow