Northrop Grumman Corporation (NOC) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Northrop Grumman Corporation (NOC) has a cash flow conversion efficiency ratio of 0.234x as of December 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($3.90 Billion) by net assets ($16.67 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Northrop Grumman Corporation - Cash Flow Conversion Efficiency Trend (1989–2025)
This chart illustrates how Northrop Grumman Corporation's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read Northrop Grumman Corporation total liabilities for a breakdown of total debt and financial obligations.
Northrop Grumman Corporation Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Northrop Grumman Corporation ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Howmet Aerospace Inc
NYSE:HWM
|
0.103x |
|
Moodys Corporation
NYSE:MCO
|
0.204x |
|
Equinor ASA
F:DNQA
|
0.052x |
|
Freeport-McMoran Copper & Gold Inc
NYSE:FCX
|
0.023x |
|
AMERICA MOVIL SAB DE CV
MX:AMXB
|
0.166x |
|
Marsh & McLennan Companies, Inc.
NYSE:MRSH
|
0.141x |
|
The Bank of New York Mellon Corporation
NYSE:BK
|
0.116x |
|
ING Group NV ADR
NYSE:ING
|
0.206x |
Annual Cash Flow Conversion Efficiency for Northrop Grumman Corporation (1989–2025)
The table below shows the annual cash flow conversion efficiency of Northrop Grumman Corporation from 1989 to 2025. For the full company profile with market capitalisation and key ratios, see NOC stock market capitalisation.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $16.67 Billion | $4.76 Billion | 0.285x | -0.59% |
| 2024-12-31 | $15.29 Billion | $4.39 Billion | 0.287x | +9.57% |
| 2023-12-31 | $14.79 Billion | $3.88 Billion | 0.262x | +38.24% |
| 2022-12-31 | $15.31 Billion | $2.90 Billion | 0.189x | -31.34% |
| 2021-12-31 | $12.93 Billion | $3.57 Billion | 0.276x | -32.19% |
| 2020-12-31 | $10.58 Billion | $4.30 Billion | 0.407x | -16.48% |
| 2019-12-31 | $8.82 Billion | $4.30 Billion | 0.487x | +4.23% |
| 2018-12-31 | $8.19 Billion | $3.83 Billion | 0.467x | +26.08% |
| 2017-12-31 | $7.05 Billion | $2.61 Billion | 0.371x | -30.69% |
| 2016-12-31 | $5.26 Billion | $2.81 Billion | 0.535x | +36.62% |
| 2015-12-31 | $5.52 Billion | $2.16 Billion | 0.392x | +9.24% |
| 2014-12-31 | $7.24 Billion | $2.59 Billion | 0.358x | +53.29% |
| 2013-12-31 | $10.62 Billion | $2.48 Billion | 0.234x | -15.74% |
| 2012-12-31 | $9.51 Billion | $2.64 Billion | 0.277x | +35.61% |
| 2011-12-31 | $10.34 Billion | $2.12 Billion | 0.205x | +13.09% |
| 2010-12-31 | $13.56 Billion | $2.45 Billion | 0.181x | +7.62% |
| 2009-12-31 | $12.69 Billion | $2.13 Billion | 0.168x | -37.59% |
| 2008-12-31 | $11.92 Billion | $3.21 Billion | 0.269x | +64.86% |
| 2007-12-31 | $17.69 Billion | $2.89 Billion | 0.163x | +54.60% |
| 2006-12-31 | $16.61 Billion | $1.76 Billion | 0.106x | -32.30% |
| 2005-12-31 | $16.83 Billion | $2.63 Billion | 0.156x | +34.66% |
| 2004-12-31 | $16.70 Billion | $1.94 Billion | 0.116x | +129.50% |
| 2003-12-31 | $15.80 Billion | $798.00 Million | 0.051x | -56.75% |
| 2002-12-31 | $14.46 Billion | $1.69 Billion | 0.117x | +7.40% |
| 2001-12-31 | $7.51 Billion | $817.00 Million | 0.109x | -57.80% |
| 2000-12-31 | $3.92 Billion | $1.01 Billion | 0.258x | -30.46% |
| 1999-12-31 | $3.26 Billion | $1.21 Billion | 0.371x | +332.86% |
| 1998-12-31 | $2.85 Billion | $244.00 Million | 0.086x | -69.24% |
| 1997-12-31 | $2.62 Billion | $730.00 Million | 0.278x | -15.52% |
| 1996-12-31 | $2.13 Billion | $701.00 Million | 0.329x | -35.40% |
| 1995-12-31 | $1.46 Billion | $744.00 Million | 0.510x | +49.17% |
| 1994-12-31 | $1.29 Billion | $441.00 Million | 0.342x | +18.93% |
| 1993-12-31 | $1.32 Billion | $380.00 Million | 0.287x | +26.92% |
| 1992-12-31 | $1.25 Billion | $284.00 Million | 0.226x | -56.06% |
| 1991-12-31 | $1.18 Billion | $609.40 Million | 0.515x | +100.00% |
| 1990-12-31 | $1.03 Billion | $266.10 Million | 0.258x | +186.91% |
| 1989-12-31 | $875.10 Million | $78.60 Million | 0.090x | -- |
About Northrop Grumman Corporation
Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. It operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems and Space Systems. The Aeronautics Systems segment designs, develops, produces, integrates, sustains, and modernizes aircraft systems. This segment also offers … Read more