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Northrop Grumman NOC Free cash flow

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Other financials

Income statement

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Revenue$9.9B+4.4%
Operating income$989.0M+72.6%
Net income$875.0M+81.9%
EPS (diluted)$6.14+84.9%

Balance sheet

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Cash & equivalents$2.1B+24.0%
Total debt$17.1B+2.7%
Total equity$17.1B+14.2%
Total assets$50.0B+3.2%

Cash flow

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Operating cash flow-$1.7B-5.8%
CapEx$167.0M-34.8%

Valuation

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Market cap$70.92B-1.0%
Enterprise value$85.91B-0.8%
P/E15.5×-3.8×
P/S1.7×-0.1×

Profitability

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Operating margin11.6%+2.0pp
Net margin10.8%+1.6pp
FCF margin7.8%+3.4pp

Returns & leverage

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Return on equity28.5%+3.1pp
Debt / equity-0.1×
Current ratio1.2×+0.2×

Where this comes from

Calculated from Northrop Grumman’s reported figures.

The official record: Northrop Grumman’s 10-Q, filed April 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Northrop Grumman's free cash flow?
Northrop Grumman (NOC) reported free cash flow of -$1.82B in Q1 2026.
How has Northrop Grumman's free cash flow changed year-over-year?
Northrop Grumman's free cash flow decreased by 0.1% year-over-year, from -$1.82B to -$1.82B.
What is the long-term trend for Northrop Grumman's free cash flow?
Over 4 years (2021 to 2025), Northrop Grumman's free cash flow has grown at a 11.3% compound annual growth rate (CAGR), from $2.15B to $3.31B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.