Northrop Grumman Corporation (NOC) — Free Cash Flow Generation Index
Northrop Grumman Corporation (NOC) has a Free Cash Flow Generation Index of 0.83x as of December 2025. Free cash flow of $3.23 Billion represents 1% of operating cash flow ($3.90 Billion). Explore capital reinvestment ratio of Northrop Grumman Corporation to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Northrop Grumman Corporation Free Cash Flow Generation Index (1989–2025)
Historical FCF Generation Index trend for Northrop Grumman Corporation across 37 annual periods. For the full cash flow conversion analysis, see Northrop Grumman Corporation operating cash flow efficiency.
Annual Free Cash Flow Generation for Northrop Grumman Corporation (1989–2025)
Year-by-year Free Cash Flow Generation Index for Northrop Grumman Corporation. Check Northrop Grumman Corporation investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.70x | $3.31 Billion | $4.76 Billion | $1.45 Billion | ▲ +16.4% |
| 2024 | 0.60x | $2.62 Billion | $4.39 Billion | $1.77 Billion | ▲ +10.2% |
| 2023 | 0.54x | $2.10 Billion | $3.88 Billion | $1.77 Billion | ▲ +7.2% |
| 2022 | 0.51x | $1.47 Billion | $2.90 Billion | $1.44 Billion | ▼ -16.2% |
| 2021 | 0.60x | $2.15 Billion | $3.57 Billion | $1.42 Billion | ▼ -10.0% |
| 2020 | 0.67x | $2.88 Billion | $4.30 Billion | $1.42 Billion | ▼ -5.1% |
| 2019 | 0.71x | $3.03 Billion | $4.30 Billion | $1.26 Billion | ▲ +4.8% |
| 2018 | 0.67x | $2.58 Billion | $3.83 Billion | $1.25 Billion | ▲ +4.5% |
| 2017 | 0.64x | $1.69 Billion | $2.61 Billion | $928.00 Million | ▼ -4.2% |
| 2016 | 0.67x | $1.89 Billion | $2.81 Billion | $920.00 Million | ▼ -14.0% |
| 2015 | 0.78x | $1.69 Billion | $2.16 Billion | $471.00 Million | ▼ -0.2% |
| 2014 | 0.78x | $2.03 Billion | $2.59 Billion | $561.00 Million | ▼ -8.2% |
| 2013 | 0.85x | $2.12 Billion | $2.48 Billion | $364.00 Million | ▼ -2.4% |
| 2012 | 0.87x | $2.31 Billion | $2.64 Billion | $331.00 Million | ▲ +13.7% |
| 2011 | 0.77x | $1.63 Billion | $2.12 Billion | $488.00 Million | ▲ +1.0% |
| 2010 | 0.76x | $1.87 Billion | $2.45 Billion | $585.00 Million | ▲ +15.1% |
| 2009 | 0.66x | $1.41 Billion | $2.13 Billion | $722.00 Million | ▼ -16.0% |
| 2008 | 0.79x | $2.53 Billion | $3.21 Billion | $681.00 Million | ▲ +3.3% |
| 2007 | 0.76x | $2.21 Billion | $2.89 Billion | $685.00 Million | ▲ +31.5% |
| 2006 | 0.58x | $1.02 Billion | $1.76 Billion | $737.00 Million | ▼ -15.4% |
| 2005 | 0.69x | $1.80 Billion | $2.63 Billion | $824.00 Million | ▲ +5.1% |
| 2004 | 0.65x | $1.26 Billion | $1.94 Billion | $672.00 Million | ▲ +437.1% |
| 2003 | 0.12x | $97.00 Million | $798.00 Million | $701.00 Million | ▼ -82.2% |
| 2002 | 0.68x | $1.15 Billion | $1.69 Billion | $538.00 Million | ▲ +31.3% |
| 2001 | 0.52x | $424.00 Million | $817.00 Million | $393.00 Million | ▼ -28.8% |
| 2000 | 0.73x | $736.00 Million | $1.01 Billion | $274.00 Million | ▲ +13.6% |
| 1999 | 0.64x | $774.00 Million | $1.21 Billion | $433.00 Million | ▲ +1020.4% |
| 1998 | -0.07x | $-17.00 Million | $244.00 Million | $261.00 Million | ▼ -110.3% |
| 1997 | 0.67x | $492.00 Million | $730.00 Million | $238.00 Million | ▼ -6.8% |
| 1996 | 0.72x | $507.00 Million | $701.00 Million | $194.00 Million | ▼ -11.9% |
| 1995 | 0.82x | $611.00 Million | $744.00 Million | $133.00 Million | ▲ +18.0% |
| 1994 | 0.70x | $307.00 Million | $441.00 Million | $134.00 Million | ▲ +7.5% |
| 1993 | 0.65x | $246.00 Million | $380.00 Million | $134.00 Million | ▲ +14.2% |
| 1992 | 0.57x | $161.00 Million | $284.00 Million | $123.00 Million | ▼ -29.8% |
| 1991 | 0.81x | $492.00 Million | $609.40 Million | $117.40 Million | ▲ +48.3% |
| 1990 | 0.54x | $144.90 Million | $266.10 Million | $121.20 Million | ▲ +139.6% |
| 1989 | -1.38x | $-108.20 Million | $78.60 Million | $186.80 Million | — |