Northrop Grumman Corporation Free Cash Flow Generation Index

Latest as of December 2025: 0.83x

Northrop Grumman Corporation 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).

FCF Generation Index

0.83x
Free Cash Flow / Operating CF

Free Cash Flow

$3.23 Billion
USD

Operating Cash Flow

$3.90 Billion
USD

Capital Expenditures

$662.00 Million
USD

Free Cash Flow Generation Index of Northrop Grumman Corporation (1989–2025)

Free cash flow generation index of Northrop Grumman Corporation from 1989 to 2025. Historical FCF Generation Index trend for Northrop Grumman Corporation across 37 annual periods. See Northrop Grumman Corporation (NOC) financial flexibility to measure the company's free cash flow as a share of total liabilities.

Northrop Grumman Corporation Free Cash Flow Generation Index by Year (1989–2025)

Northrop Grumman Corporation free cash flow generation index by year from 1989 to 2025. Year-by-year Free Cash Flow Generation Index for Northrop Grumman Corporation. For the full cash flow conversion analysis, see Northrop Grumman Corporation (NOC) cash flow conversion.

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 —
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).