Northrop Grumman Corporation (NOC) — Cash Flow Reinvestment Rate
Northrop Grumman Corporation (NOC) has a Cash Flow Reinvestment Rate of 0.17x as of December 2025, reinvesting $662.00 Million (capex $662.00 Million ) from operating cash flow of $3.90 Billion. Check cash flow quality index of Northrop Grumman Corporation to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Northrop Grumman Corporation Cash Flow Reinvestment Rate (1989–2025)
Historical reinvestment intensity for Northrop Grumman Corporation across 37 annual periods. Explore NOC long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for Northrop Grumman Corporation (1989–2025)
Year-by-year capital reinvestment analysis for Northrop Grumman Corporation. For live market cap and broader valuation context, see NOC market cap.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.30x | $1.45 Billion | $4.76 Billion | $1.45 Billion | ▼ -62.0% |
| 2024 | 0.80x | $3.52 Billion | $4.39 Billion | $1.77 Billion | ▼ -1.9% |
| 2023 | 0.82x | $3.17 Billion | $3.88 Billion | $1.77 Billion | ▼ -11.5% |
| 2022 | 0.92x | $2.68 Billion | $2.90 Billion | $1.44 Billion | ▼ -5.3% |
| 2021 | 0.97x | $3.47 Billion | $3.57 Billion | $1.42 Billion | ▲ +59.3% |
| 2020 | 0.61x | $2.63 Billion | $4.30 Billion | $1.42 Billion | ▲ +6.3% |
| 2019 | 0.58x | $2.47 Billion | $4.30 Billion | $1.26 Billion | ▼ -78.3% |
| 2018 | 2.65x | $10.13 Billion | $3.83 Billion | $1.25 Billion | ▲ +280.5% |
| 2017 | 0.70x | $1.82 Billion | $2.61 Billion | $928.00 Million | ▲ +13.4% |
| 2016 | 0.61x | $1.73 Billion | $2.81 Billion | $920.00 Million | ▲ +181.5% |
| 2015 | 0.22x | $471.00 Million | $2.16 Billion | $471.00 Million | ▲ +0.7% |
| 2014 | 0.22x | $561.00 Million | $2.59 Billion | $561.00 Million | ▲ +47.6% |
| 2013 | 0.15x | $364.00 Million | $2.48 Billion | $364.00 Million | ▼ -33.4% |
| 2012 | 0.22x | $581.00 Million | $2.64 Billion | $331.00 Million | ▼ -36.9% |
| 2011 | 0.35x | $738.00 Million | $2.12 Billion | $488.00 Million | ▲ +46.3% |
| 2010 | 0.24x | $585.00 Million | $2.45 Billion | $585.00 Million | ▼ -29.5% |
| 2009 | 0.34x | $722.00 Million | $2.13 Billion | $722.00 Million | ▲ +59.6% |
| 2008 | 0.21x | $681.00 Million | $3.21 Billion | $681.00 Million | ▼ -10.5% |
| 2007 | 0.24x | $685.00 Million | $2.89 Billion | $685.00 Million | ▼ -43.5% |
| 2006 | 0.42x | $737.00 Million | $1.76 Billion | $737.00 Million | ▲ +33.8% |
| 2005 | 0.31x | $824.00 Million | $2.63 Billion | $824.00 Million | ▼ -9.6% |
| 2004 | 0.35x | $672.00 Million | $1.94 Billion | $672.00 Million | ▼ -60.5% |
| 2003 | 0.88x | $701.00 Million | $798.00 Million | $701.00 Million | ▲ +175.8% |
| 2002 | 0.32x | $538.00 Million | $1.69 Billion | $538.00 Million | ▼ -33.8% |
| 2001 | 0.48x | $393.00 Million | $817.00 Million | $393.00 Million | ▲ +77.3% |
| 2000 | 0.27x | $274.00 Million | $1.01 Billion | $274.00 Million | ▼ -24.4% |
| 1999 | 0.36x | $433.00 Million | $1.21 Billion | $433.00 Million | ▼ -66.5% |
| 1998 | 1.07x | $261.00 Million | $244.00 Million | $261.00 Million | ▲ +228.1% |
| 1997 | 0.33x | $238.00 Million | $730.00 Million | $238.00 Million | ▲ +17.8% |
| 1996 | 0.28x | $194.00 Million | $701.00 Million | $194.00 Million | ▲ +54.8% |
| 1995 | 0.18x | $133.00 Million | $744.00 Million | $133.00 Million | ▼ -41.2% |
| 1994 | 0.30x | $134.00 Million | $441.00 Million | $134.00 Million | ▼ -13.8% |
| 1993 | 0.35x | $134.00 Million | $380.00 Million | $134.00 Million | ▼ -18.6% |
| 1992 | 0.43x | $123.00 Million | $284.00 Million | $123.00 Million | ▲ +124.8% |
| 1991 | 0.19x | $117.40 Million | $609.40 Million | $117.40 Million | ▼ -57.7% |
| 1990 | 0.46x | $121.20 Million | $266.10 Million | $121.20 Million | ▼ -80.8% |
| 1989 | 2.38x | $186.80 Million | $78.60 Million | $186.80 Million | — |