Free Cash Flow for Northrop Grumman (NOC)
Free Cash Flow for Northrop Grumman (NOC): headline value $3.31B · YoY +26.2%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingFree Cash FlowSwitch metric
Latest period
$3.31B
YoY change
+26.2%
5Y CAGR
+2.8%
Peak year (2025)
$3.31B
Latest annual
$3.31B
Free Cash Flow history chart for Northrop Grumman (NOC) from 1989 to 2025
Free Cash Flow history table for Northrop Grumman (NOC) from 1989 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $3.31B | +26.2% | ||
| 2024 | $2.62B | +24.8% | ||
| 2023 | $2.10B | +43.2% | ||
| 2022 | $1.47B | -31.9% | ||
| 2021 | $2.15B | -25.4% | ||
| 2020 | $2.88B | -4.9% | ||
| 2019 | $3.03B | +17.6% | ||
| 2018 | $2.58B | +53.0% | ||
| 2017 | $1.69B | -11.0% | ||
| 2016 | $1.89B | +11.9% | ||
| 2015 | $1.69B | -16.8% | ||
| 2014 | $2.03B | -4.1% | ||
| 2013 | $2.12B | -8.2% | ||
| 2012 | $2.31B | +41.9% | ||
| 2011 | $1.63B | -12.9% | ||
| 2010 | $1.87B | +32.4% | ||
| 2009 | $1.41B | -44.2% | ||
| 2008 | $2.53B | +14.7% | ||
| 2007 | $2.21B | +116.4% | ||
| 2006 | $1.02B | -43.5% | ||
| 2005 | $1.80B | +42.6% | ||
| 2004 | $1.26B | +1203.1% | ||
| 2003 | $97.00M | -91.6% | ||
| 2002 | $1.15B | +171.5% | ||
| 2001 | $424.00M | -42.4% | ||
| 2000 | $736.00M | -4.9% | ||
| 1999 | $774.00M | -4652.9% | ||
| 1998 | -$17.00M | -103.5% | ||
| 1997 | $492.00M | -3.0% | ||
| 1996 | $507.00M | -17.0% | ||
| 1995 | $611.00M | +99.0% | ||
| 1994 | $307.00M | +24.8% | ||
| 1993 | $246.00M | +52.8% | ||
| 1992 | $161.00M | -67.3% | ||
| 1991 | $492.00M | +239.5% | ||
| 1990 | $144.90M | -233.9% | ||
| 1989 | -$108.20M | — |
Free Cash Flow 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
As of the 2025 fiscal year, Northrop Grumman (NOC) reported free cash flow of $3.31B – grew 26.2% year-over-year.
Across 2020–2025 (5 years), Northrop Grumman free cash flow produced a CAGR of +2.8% – sustaining 3 straight years of year-over-year growth.
$3.31B stands as the all-time-high annual free cash flow, posted in 2025, against a low of -$108.20M during 1989.
Within Industrials, Northrop Grumman (NOC) ranks 7th among 8 peers we track. The peer median for free cash flow is $5.45B.
Northrop Grumman Free Cash Flow by Year
Northrop Grumman Free Cash Flow 2025: $3.31B
Northrop Grumman free cash flow in 2025 was $3.31B, grew 26.2% from 2024. This figure represents the highest annual value in the available history.
Northrop Grumman Free Cash Flow 2024: $2.62B
Northrop Grumman free cash flow in 2024 was $2.62B, grew 24.8% from 2023.
Northrop Grumman Free Cash Flow 2023: $2.10B
Northrop Grumman free cash flow in 2023 was $2.10B, surged 43.2% from 2022.
Northrop Grumman Free Cash Flow 2022: $1.47B
Northrop Grumman free cash flow in 2022 was $1.47B, plunged 31.9% below 2021.
Northrop Grumman Free Cash Flow 2021: $2.15B
Northrop Grumman free cash flow in 2021 was $2.15B.
See more financial history for Northrop Grumman (NOC).
Sector peers — Free Cash Flow
Companies in the same sector as Northrop Grumman, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $10.27B | Industrials |
| RTX Corporation (RTX) | $7.94B | Industrials |
| GE Aerospace (GE) | $7.26B | Industrials |
| Union Pacific Corporation (UNP) | $5.50B | Industrials |
| Honeywell International Inc. (HON) | $5.39B | Industrials |
| Eaton Corporation plc (ETN) | $4.47B | Industrials |
| Deere & Company (DE) | $3.23B | Industrials |
| The Boeing Company (BA) | -$1.88B | Industrials |
Frequently asked questions
What is Northrop Grumman's free cash flow?
Latest reported free cash flow for Northrop Grumman (NOC) is $3.31B (period ending March 31, 2026).
How has Northrop Grumman free cash flow changed year-over-year?
Northrop Grumman (NOC) free cash flow changed +26.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Northrop Grumman free cash flow?
Northrop Grumman (NOC) free cash flow compound annual growth rate is +2.8% over the most recent 5 years available.
When did Northrop Grumman free cash flow hit its highest annual value?
Northrop Grumman free cash flow reached its highest annual value of $3.31B in 2025.
What was Northrop Grumman free cash flow in 2024?
Northrop Grumman (NOC) free cash flow in 2024 was $2.62B.
What was Northrop Grumman free cash flow in 2025?
Northrop Grumman (NOC) free cash flow in 2025 was $3.31B.
Metrics overview
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