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. See Northrop Grumman Corporation free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.
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. For the full cash flow conversion analysis, see Northrop Grumman Corporation (NOC) cash conversion ratio.
Annual Cash Flow Reinvestment Rate for Northrop Grumman Corporation (1989–2025)
Year-by-year capital reinvestment analysis for Northrop Grumman Corporation. See Northrop Grumman Corporation leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
| 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 | — |