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 (NOC) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
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. For the full cash flow conversion analysis, see Northrop Grumman Corporation (NOC) cash conversion ratio.
Annual Cash Flow Quality Index for Northrop Grumman Corporation (1990–2025)
Year-by-year earnings quality comparison for Northrop Grumman Corporation.
| 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 | — |