Northrop Grumman Corporation Financial Flexibility Index
Northrop Grumman Corporation 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). See Northrop Grumman Corporation free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of Northrop Grumman Corporation (1989–2025)
Financial flexibility index of Northrop Grumman Corporation from 1989 to 2025. Historical Financial Flexibility Index trend for Northrop Grumman Corporation across 37 annual periods. Check NOC operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
Northrop Grumman Corporation Financial Flexibility Index by Year (1989–2025)
Northrop Grumman Corporation financial flexibility index by year from 1989 to 2025. Year-by-year free cash flow to debt coverage for Northrop Grumman Corporation. For the full cash flow conversion analysis, see cash efficiency ratio of Northrop Grumman Corporation.
| 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 | — |