Northrop Grumman Corporation (NOC) — Cash Flow Quality Index
Northrop Grumman Corporation (NOC) has a Cash Flow Quality Index of -1.89x as of March 2026. Operating cash flow of $-1.66 Billion is below net income of $875.00 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore Northrop Grumman Corporation cash conversion from operations to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Northrop Grumman Corporation Cash Flow Quality Index (1990–2025)
Historical Cash Flow Quality Index for Northrop Grumman Corporation across 34 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check NOC capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for Northrop Grumman Corporation (1990–2025)
Year-by-year earnings quality comparison for Northrop Grumman Corporation. For live market cap and the full company financial profile, see Northrop Grumman Corporation market capitalisation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.14x | $4.76 Billion | $4.18 Billion | ▲ +8.2% |
| 2024 | 1.05x | $4.39 Billion | $4.17 Billion | ▼ -44.2% |
| 2023 | 1.88x | $3.88 Billion | $2.06 Billion | ▲ +218.1% |
| 2022 | 0.59x | $2.90 Billion | $4.90 Billion | ▲ +16.4% |
| 2021 | 0.51x | $3.57 Billion | $7.00 Billion | ▼ -62.3% |
| 2020 | 1.35x | $4.30 Billion | $3.19 Billion | ▼ -29.4% |
| 2019 | 1.91x | $4.30 Billion | $2.25 Billion | ▲ +61.3% |
| 2018 | 1.19x | $3.83 Billion | $3.23 Billion | ▼ -8.6% |
| 2017 | 1.30x | $2.61 Billion | $2.02 Billion | ▲ +1.4% |
| 2016 | 1.28x | $2.81 Billion | $2.20 Billion | ▲ +17.7% |
| 2015 | 1.09x | $2.16 Billion | $1.99 Billion | ▼ -13.3% |
| 2014 | 1.25x | $2.59 Billion | $2.07 Billion | ▼ -1.5% |
| 2013 | 1.27x | $2.48 Billion | $1.95 Billion | ▼ -4.7% |
| 2012 | 1.33x | $2.64 Billion | $1.98 Billion | ▲ +4.4% |
| 2010 | 1.28x | $2.45 Billion | $1.92 Billion | ▲ +1.0% |
| 2009 | 1.27x | $2.13 Billion | $1.69 Billion | ▼ -21.6% |
| 2007 | 1.61x | $2.89 Billion | $1.79 Billion | ▲ +41.8% |
| 2006 | 1.14x | $1.76 Billion | $1.54 Billion | ▼ -40.0% |
| 2005 | 1.90x | $2.63 Billion | $1.38 Billion | ▲ +7.2% |
| 2004 | 1.77x | $1.94 Billion | $1.09 Billion | ▲ +79.3% |
| 2003 | 0.99x | $798.00 Million | $808.00 Million | ▼ -96.3% |
| 2002 | 26.39x | $1.69 Billion | $64.00 Million | ▲ +1279.3% |
| 2001 | 1.91x | $817.00 Million | $427.00 Million | ▲ +15.2% |
| 2000 | 1.66x | $1.01 Billion | $608.00 Million | ▼ -33.5% |
| 1999 | 2.50x | $1.21 Billion | $483.00 Million | ▲ +98.7% |
| 1998 | 1.26x | $244.00 Million | $194.00 Million | ▼ -29.9% |
| 1997 | 1.79x | $730.00 Million | $407.00 Million | ▼ -40.1% |
| 1996 | 3.00x | $701.00 Million | $234.00 Million | ▲ +1.5% |
| 1995 | 2.95x | $744.00 Million | $252.00 Million | ▼ -76.6% |
| 1994 | 12.60x | $441.00 Million | $35.00 Million | ▲ +218.3% |
| 1993 | 3.96x | $380.00 Million | $96.00 Million | ▲ +68.6% |
| 1992 | 2.35x | $284.00 Million | $121.00 Million | ▲ +3.3% |
| 1991 | 2.27x | $609.40 Million | $268.20 Million | ▲ +79.7% |
| 1990 | 1.26x | $266.10 Million | $210.40 Million | — |