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). See NOC net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
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. Explore Northrop Grumman Corporation cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Northrop Grumman Corporation (1989–2025)
Year-by-year Free Cash Flow Generation Index for Northrop Grumman Corporation. For the full company profile including market capitalisation, see market cap of Northrop Grumman Corporation.
| 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 | — |