Capital Expenditures for Northrop Grumman (NOC)
According to Northrop Grumman's latest reported financial statements, the company's current capital expenditures (TTM) is $1.36B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$1.36B
YoY change
-17.9%
5Y CAGR
+0.4%
Peak year (2023)
$1.77B
Cumulative capital expenditures
$24.73B
CapEx history chart for Northrop Grumman (NOC) from 1989 to 2025
CapEx history table for Northrop Grumman (NOC) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $1.45B | -17.9% | ||
| 2024 | $1.77B | -0.5% | ||
| 2023 | $1.77B | +23.7% | ||
| 2022 | $1.44B | +1.4% | ||
| 2021 | $1.42B | -0.4% | ||
| 2020 | $1.42B | +12.3% | ||
| 2019 | $1.26B | +1.2% | ||
| 2018 | $1.25B | +34.6% | ||
| 2017 | $928.00M | +0.9% | ||
| 2016 | $920.00M | +95.3% | ||
| 2015 | $471.00M | -16.0% | ||
| 2014 | $561.00M | +54.1% | ||
| 2013 | $364.00M | +10.0% | ||
| 2012 | $331.00M | -32.2% | ||
| 2011 | $488.00M | -16.6% | ||
| 2010 | $585.00M | -19.0% | ||
| 2009 | $722.00M | +6.0% | ||
| 2008 | $681.00M | -0.6% | ||
| 2007 | $685.00M | -7.1% | ||
| 2006 | $737.00M | -10.6% | ||
| 2005 | $824.00M | +22.6% | ||
| 2004 | $672.00M | -4.1% | ||
| 2003 | $701.00M | +30.3% | ||
| 2002 | $538.00M | +36.9% | ||
| 2001 | $393.00M | +43.4% | ||
| 2000 | $274.00M | -36.7% | ||
| 1999 | $433.00M | +65.9% | ||
| 1998 | $261.00M | +9.7% | ||
| 1997 | $238.00M | +22.7% | ||
| 1996 | $194.00M | +45.9% | ||
| 1995 | $133.00M | -0.7% | ||
| 1994 | $134.00M | 0.0% | ||
| 1993 | $134.00M | +8.9% | ||
| 1992 | $123.00M | +4.8% | ||
| 1991 | $117.40M | -3.1% | ||
| 1990 | $121.20M | -35.1% | ||
| 1989 | $186.80M | — |
CapEx values are taken from Northrop Grumman's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual capital expenditures for Northrop Grumman (NOC) came in at $1.45B – declined 17.9% year-over-year.
Across 2020–2025 (5 years), Northrop Grumman capital expenditures produced a CAGR of +0.4% – with the latest reading among the more recent periods of the dataset.
Northrop Grumman capital expenditures declined from $1.77B in 2023 to $1.45B in 2025, a 18.3% drawdown.
Across the available history, capital expenditures reached its high of $1.77B in 2023 and its low of $117.40M in 1991.
Northrop Grumman (NOC) sits 6th of 8 Industrials peers we track on this metric, against a peer median of $2.05B.
Northrop Grumman Capital Expenditures by Year
Northrop Grumman Capital Expenditures 2025: $1.45B
Northrop Grumman capital expenditures in 2025 was $1.45B, declined 17.9% below 2024.
Northrop Grumman Capital Expenditures 2024: $1.77B
Northrop Grumman capital expenditures in 2024 was $1.77B, edged down 0.5% below 2023.
Northrop Grumman Capital Expenditures 2023: $1.77B
Northrop Grumman capital expenditures in 2023 was $1.77B, grew 23.7% from 2022. This figure represents the highest annual value in the available history.
Northrop Grumman Capital Expenditures 2022: $1.44B
Northrop Grumman capital expenditures in 2022 was $1.44B, edged up 1.4% from 2021.
Northrop Grumman Capital Expenditures 2021: $1.42B
Northrop Grumman capital expenditures in 2021 was $1.42B.
See more financial history for Northrop Grumman (NOC).
Sector peers — CapEx
Companies in the same sector as Northrop Grumman, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Deere & Company (DE) | $4.23B | Industrials |
| Union Pacific Corporation (UNP) | $3.79B | Industrials |
| The Boeing Company (BA) | $2.94B | Industrials |
| RTX Corporation (RTX) | $2.63B | Industrials |
| Caterpillar Inc. (CAT) | $1.47B | Industrials |
| GE Aerospace (GE) | $1.27B | Industrials |
| Honeywell International Inc. (HON) | $986.00M | Industrials |
| Eaton Corporation plc (ETN) | $0 | Industrials |
Frequently asked questions
What is Northrop Grumman's capital expenditures?
- Latest reported capital expenditures for Northrop Grumman (NOC) is $1.36B (period ending March 31, 2026).
How has Northrop Grumman capital expenditures changed year-over-year?
- Northrop Grumman (NOC) capital expenditures changed -17.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Northrop Grumman capital expenditures?
- Northrop Grumman (NOC) capital expenditures compound annual growth rate is +0.4% over the most recent 5 years available.
When did Northrop Grumman capital expenditures hit its highest annual value?
- Northrop Grumman capital expenditures reached its highest annual value of $1.77B in 2023.
What was Northrop Grumman capital expenditures in 2024?
- Northrop Grumman (NOC) capital expenditures in 2024 was $1.77B.
What was Northrop Grumman capital expenditures in 2025?
- Northrop Grumman (NOC) capital expenditures in 2025 was $1.45B.
Metrics overview
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