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 Northrop Grumman Corporation (NOC) strategic investment index to assess the company's strategic physical and investment asset allocation.
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. See NOC current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Northrop Grumman Corporation (1989–2025)
Year-by-year free cash flow to debt coverage for Northrop Grumman Corporation. For the full company profile including market capitalisation, see how much is Northrop Grumman Corporation worth.
| 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 | — |