Northrop Grumman Corporation (NOC) — Financial Flexibility Index
Northrop Grumman Corporation (NOC) has a Financial Flexibility Index of -0.05x as of March 2026. Free cash flow of $-1.49 Billion (operating CF $-1.66 Billion minus capex $167.00 Million) represents 0% of total liabilities ($32.89 Billion). Check total reinvestment intensity of Northrop Grumman Corporation to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Northrop Grumman Corporation Financial Flexibility Index (1989–2025)
Historical Financial Flexibility Index trend for Northrop Grumman Corporation across 37 annual periods. For the full cash flow conversion analysis, see Northrop Grumman Corporation (NOC) cash flow conversion.
Annual Financial Flexibility Index for Northrop Grumman Corporation (1989–2025)
Year-by-year free cash flow to debt coverage for Northrop Grumman Corporation. Explore NOC cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.18x | $6.21 Billion | $4.76 Billion | $34.70 Billion | ▼ -1.0% |
| 2024 | 0.18x | $6.16 Billion | $4.39 Billion | $34.07 Billion | ▲ +1.5% |
| 2023 | 0.18x | $5.65 Billion | $3.88 Billion | $31.75 Billion | ▲ +16.7% |
| 2022 | 0.15x | $4.34 Billion | $2.90 Billion | $28.44 Billion | ▼ -9.3% |
| 2021 | 0.17x | $4.98 Billion | $3.57 Billion | $29.65 Billion | ▼ -0.5% |
| 2020 | 0.17x | $5.72 Billion | $4.30 Billion | $33.89 Billion | ▼ -2.0% |
| 2019 | 0.17x | $5.56 Billion | $4.30 Billion | $32.27 Billion | ▲ +0.0% |
| 2018 | 0.17x | $5.08 Billion | $3.83 Billion | $29.47 Billion | ▲ +35.6% |
| 2017 | 0.13x | $3.54 Billion | $2.61 Billion | $27.87 Billion | ▼ -30.7% |
| 2016 | 0.18x | $3.73 Billion | $2.81 Billion | $20.36 Billion | ▲ +31.9% |
| 2015 | 0.14x | $2.63 Billion | $2.16 Billion | $18.93 Billion | ▼ -14.7% |
| 2014 | 0.16x | $3.15 Billion | $2.59 Billion | $19.34 Billion | ▼ -9.7% |
| 2013 | 0.18x | $2.85 Billion | $2.48 Billion | $15.76 Billion | ▲ +3.5% |
| 2012 | 0.17x | $2.97 Billion | $2.64 Billion | $17.03 Billion | ▲ +1.0% |
| 2011 | 0.17x | $2.60 Billion | $2.12 Billion | $15.07 Billion | ▲ +2.2% |
| 2010 | 0.17x | $3.04 Billion | $2.45 Billion | $17.97 Billion | ▲ +4.0% |
| 2009 | 0.16x | $2.85 Billion | $2.13 Billion | $17.57 Billion | ▼ -23.7% |
| 2008 | 0.21x | $3.89 Billion | $3.21 Billion | $18.28 Billion | ▼ -6.6% |
| 2007 | 0.23x | $3.58 Billion | $2.89 Billion | $15.69 Billion | ▲ +40.7% |
| 2006 | 0.16x | $2.49 Billion | $1.76 Billion | $15.39 Billion | ▼ -18.4% |
| 2005 | 0.20x | $3.45 Billion | $2.63 Billion | $17.39 Billion | ▲ +26.8% |
| 2004 | 0.16x | $2.61 Billion | $1.94 Billion | $16.66 Billion | ▲ +79.7% |
| 2003 | 0.09x | $1.50 Billion | $798.00 Million | $17.21 Billion | ▲ +8.7% |
| 2002 | 0.08x | $2.23 Billion | $1.69 Billion | $27.80 Billion | ▼ -11.5% |
| 2001 | 0.09x | $1.21 Billion | $817.00 Million | $13.37 Billion | ▼ -59.8% |
| 2000 | 0.23x | $1.28 Billion | $1.01 Billion | $5.70 Billion | ▼ -17.2% |
| 1999 | 0.27x | $1.64 Billion | $1.21 Billion | $6.03 Billion | ▲ +260.2% |
| 1998 | 0.08x | $505.00 Million | $244.00 Million | $6.69 Billion | ▼ -45.0% |
| 1997 | 0.14x | $968.00 Million | $730.00 Million | $7.05 Billion | ▲ +11.8% |
| 1996 | 0.12x | $895.00 Million | $701.00 Million | $7.29 Billion | ▼ -44.1% |
| 1995 | 0.22x | $877.00 Million | $744.00 Million | $4.00 Billion | ▲ +81.6% |
| 1994 | 0.12x | $575.00 Million | $441.00 Million | $4.76 Billion | ▼ -62.0% |
| 1993 | 0.32x | $514.00 Million | $380.00 Million | $1.62 Billion | ▲ +49.0% |
| 1992 | 0.21x | $407.00 Million | $284.00 Million | $1.91 Billion | ▼ -42.9% |
| 1991 | 0.37x | $726.80 Million | $609.40 Million | $1.95 Billion | ▲ +98.9% |
| 1990 | 0.19x | $387.30 Million | $266.10 Million | $2.06 Billion | ▲ +64.3% |
| 1989 | 0.11x | $265.40 Million | $78.60 Million | $2.32 Billion | — |