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FCF Margin for Northrop Grumman (NOC)

As of · Reported

Metric

TTM

7.8%

YoY change

+1.49pp

Trough year (1989)

-2.1%

Peak year (2000)

9.7%

FCF Margin history chart for Northrop Grumman (NOC) from 1989 to 2025

Latest: 7.9%

FCF Margin change chart for Northrop Grumman (NOC) from 1989 to 2025

Latest: +1.49pp

FCF Margin history table for Northrop Grumman (NOC) from 1989 to 2025

  • 20257.9%+1.49pp
  • 20246.4%+1.04pp
  • 20235.3%+1.34pp
  • 20224.0%-2.03pp
  • 20216.0%-1.81pp
  • 20207.8%-1.12pp
  • 20199.0%+0.40pp
  • 20188.6%+2.04pp
  • 20176.5%-1.19pp
  • 20167.7%+0.54pp
  • 20157.2%-1.29pp
  • 20148.5%-0.12pp
  • 20138.6%-0.56pp
  • 20129.2%+3.00pp
  • 20116.2%-0.48pp
  • 20106.6%+2.46pp
  • 20094.2%-3.29pp
  • 20087.5%+0.58pp
  • 20076.9%+3.51pp
  • 20063.4%-2.49pp
  • 20055.9%+1.63pp
  • 20044.2%+3.86pp
  • 20030.4%-6.32pp
  • 20026.7%+3.56pp
  • 20013.1%-6.53pp
  • 20009.7%+1.06pp
  • 19998.6%+8.80pp
  • 1998-0.2%-5.57pp
  • 19975.4%-0.91pp
  • 19966.3%-2.68pp
  • 19959.0%+4.39pp
  • 19944.6%-0.28pp
  • 19934.9%+1.96pp
  • 19922.9%-5.74pp
  • 19918.6%+6.00pp
  • 19902.6%+4.70pp
  • 1989-2.1%—

FCF Margin values are taken from Northrop Grumman's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at Northrop Grumman (NOC)

According to Northrop Grumman's latest reported financial statements, the company's latest reported free cash flow margin is 7.8%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

In 2025, Northrop Grumman (NOC) free cash flow margin totalled 7.88% – expanded 1.5 percentage points year-over-year.

9.66% stands as the all-time-high annual free cash flow margin, posted in 2000, against a low of -2.06% during 1989.

Northrop Grumman FCF Margin by Year

Northrop Grumman FCF Margin 2025: 7.9%

Northrop Grumman free cash flow margin in 2025 was 7.88%, expanded 1.5 percentage points from 2024.

Northrop Grumman FCF Margin 2024: 6.4%

2024's free cash flow margin for Northrop Grumman came in at 6.39%, expanded 1.0 percentage points from 2023.

Northrop Grumman FCF Margin 2023: 5.3%

Northrop Grumman posted free cash flow margin of 5.34% in 2023, expanded 1.3 percentage points from 2022.

Northrop Grumman FCF Margin 2022: 4.0%

In 2022, Northrop Grumman reported free cash flow margin of 4.01%, contracted 2.0 percentage points from 2021.

Northrop Grumman FCF Margin 2021: 6.0%

Northrop Grumman free cash flow margin in 2021 was 6.03%.

See more financial history for Northrop Grumman (NOC).

Sector peers by FCF Margin

Industrials peers of Northrop Grumman (NOC), ranked by their latest free cash flow margin

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