Northrop Grumman annual free cash flow
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Northrop Grumman Free Cash Flow (FCF) History (NOC)
Northrop Grumman reported $3.31B in free cash flow for fiscal 2025, an increase of 26.17% from the previous fiscal year, with a free cash flow margin of 7.88%.
View full Northrop Grumman company overviewNorthrop Grumman free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $3.31B | $686.0M | +26.17% | +7.88% |
| 2024 | 2024-12-31 | $2.62B | $521.0M | +24.81% | +6.39% |
| 2023 | 2023-12-31 | $2.10B | $634.0M | +43.25% | +5.34% |
| 2022 | 2022-12-31 | $1.47B | −$686.0M | −31.88% | +4.01% |
| 2021 | 2021-12-31 | $2.15B | −$733.0M | −25.41% | +6.03% |
| 2020 | 2020-12-31 | $2.88B | −$148.0M | −4.88% | +7.84% |
| 2019 | 2019-12-31 | $3.03B | $455.0M | +17.65% | +8.96% |
| 2018 | 2018-12-31 | $2.58B | $893.0M | +53.00% | +8.57% |
| 2017 | 2017-12-31 | $1.69B | −$208.0M | −10.99% | +6.48% |
| 2016 | 2016-12-31 | $1.89B | $202.0M | +11.95% | +7.66% |
| 2015 | 2015-12-31 | $1.69B | −$341.0M | −16.78% | +7.19% |
| 2014 | 2014-12-31 | $2.03B | −$87.0M | −4.11% | +8.47% |
| 2013 | 2013-12-31 | $2.12B | −$190.0M | −8.23% | +8.59% |
| 2012 | 2012-12-31 | $2.31B | $686.0M | +42.27% | +9.16% |
| 2011 | 2011-12-31 | $1.62B | −$245.0M | −13.12% | +6.14% |
| 2010 | 2010-12-31 | $1.87B | $208.0M | +12.53% | +6.64% |
| 2009 | 2009-12-31 | $1.66B | −$870.0M | −34.39% | +6.00% |
| 2008 | 2008-12-31 | $2.53B | $321.0M | +14.53% | +7.83% |
| 2007 | 2007-12-31 | $2.21B | — | — | +7.28% |
Northrop Grumman quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $978.0M | $341.0M | +53.53% | +8.99% |
| Q1 2026 | 2026-03-31 | −$1.82B | −$2.0M | — | −18.45% |
| Q4 2025 | 2025-12-31 | $3.23B | $1.47B | +83.60% | +27.62% |
| Q3 2025 | 2025-09-30 | $1.26B | $526.0M | +72.05% | +12.05% |
| Q2 2025 | 2025-06-30 | $637.0M | −$468.0M | −42.35% | +6.15% |
| Q1 2025 | 2025-03-31 | −$1.82B | −$845.0M | — | −19.23% |
| Q4 2024 | 2024-12-31 | $1.76B | $135.0M | +8.30% | +16.49% |
| Q3 2024 | 2024-09-30 | $730.0M | −$139.0M | −16.00% | +7.30% |
| Q2 2024 | 2024-06-30 | $1.10B | $490.0M | +79.67% | +10.81% |
| Q1 2024 | 2024-03-31 | −$976.0M | $35.0M | — | −9.63% |
| Q4 2023 | 2023-12-31 | $1.63B | $8.0M | +0.49% | +15.29% |
| Q3 2023 | 2023-09-30 | $869.0M | −$170.0M | −16.36% | +8.89% |
| Q2 2023 | 2023-06-30 | $615.0M | $1.07B | — | +6.42% |
| Q1 2023 | 2023-03-31 | −$1.01B | −$279.0M | — | −10.87% |
| Q4 2022 | 2022-12-31 | $1.62B | $910.0M | +128.35% | +16.14% |
| Q3 2022 | 2022-09-30 | $1.04B | $123.0M | +13.43% | +11.58% |
| Q2 2022 | 2022-06-30 | −$460.0M | −$1.26B | — | −5.23% |
| Q1 2022 | 2022-03-31 | −$732.0M | −$461.0M | — | −8.32% |
| Q4 2021 | 2021-12-31 | $709.0M | −$301.0M | −29.80% | +8.21% |
| Q3 2021 | 2021-09-30 | $916.0M | −$156.0M | −14.55% | +10.50% |
| Q2 2021 | 2021-06-30 | $798.0M | −$1.27B | −61.41% | +8.72% |
| Q1 2021 | 2021-03-31 | −$271.0M | $994.0M | — | −2.96% |
| Q4 2020 | 2020-12-31 | $1.01B | −$983.0M | −49.32% | +9.89% |
| Q3 2020 | 2020-09-30 | $1.07B | $190.0M | +21.54% | +11.80% |
| Q2 2020 | 2020-06-30 | $2.07B | $713.0M | +52.62% | +23.28% |
| Q1 2020 | 2020-03-31 | −$1.26B | −$68.0M | — | −14.68% |
| Q4 2019 | 2019-12-31 | $1.99B | $79.0M | +4.13% | +22.85% |
| Q3 2019 | 2019-09-30 | $882.0M | $352.0M | +66.42% | +10.41% |
| Q2 2019 | 2019-06-30 | $1.35B | $679.0M | +100.44% | +16.02% |
| Q1 2019 | 2019-03-31 | −$1.20B | −$655.0M | — | −14.62% |
| Q4 2018 | 2018-12-31 | $1.91B | $585.0M | +44.02% | +23.47% |
| Q3 2018 | 2018-09-30 | $530.0M | −$191.0M | −26.49% | +6.56% |
| Q2 2018 | 2018-06-30 | $676.0M | $386.0M | +133.10% | +9.50% |
| Q1 2018 | 2018-03-31 | −$542.0M | $113.0M | — | −8.05% |
| Q4 2017 | 2017-12-31 | $1.33B | $110.0M | +9.02% | +20.28% |
| Q3 2017 | 2017-09-30 | $721.0M | $120.0M | +19.97% | +10.98% |
| Q2 2017 | 2017-06-30 | $290.0M | −$141.0M | −32.71% | +4.48% |
| Q1 2017 | 2017-03-31 | −$655.0M | −$297.0M | — | −10.22% |
| Q4 2016 | 2016-12-31 | $1.22B | −$277.0M | −18.52% | +18.48% |
| Q3 2016 | 2016-09-30 | $601.0M | $146.0M | +32.09% | +9.76% |
| Q2 2016 | 2016-06-30 | $431.0M | −$80.0M | −15.66% | +7.18% |
| Q1 2016 | 2016-03-31 | −$358.0M | $413.0M | — | −6.01% |
| Q4 2015 | 2015-12-31 | $1.50B | $282.0M | +23.23% | +26.27% |
| Q3 2015 | 2015-09-30 | $455.0M | −$369.0M | −44.78% | +7.61% |
| Q2 2015 | 2015-06-30 | $511.0M | $55.0M | +12.06% | +8.67% |
| Q1 2015 | 2015-03-31 | −$771.0M | −$309.0M | — | −12.94% |
| Q4 2014 | 2014-12-31 | $1.21B | $196.0M | +19.25% | +19.88% |
| Q3 2014 | 2014-09-30 | $824.0M | −$36.0M | −4.19% | +13.77% |
| Q2 2014 | 2014-06-30 | $456.0M | $176.0M | +62.86% | +7.55% |
| Q1 2014 | 2014-03-31 | −$462.0M | −$423.0M | — | −7.90% |
| Q4 2013 | 2013-12-31 | $1.02B | $96.0M | +10.41% | +16.53% |
| Q3 2013 | 2013-09-30 | $860.0M | $112.0M | +14.97% | +14.08% |
| Q2 2013 | 2013-06-30 | $280.0M | −$545.0M | −66.06% | +4.45% |
| Q1 2013 | 2013-03-31 | −$39.0M | $147.0M | — | −0.64% |
| Q4 2012 | 2012-12-31 | $922.0M | −$233.0M | −20.17% | +14.24% |
| Q3 2012 | 2012-09-30 | $748.0M | −$91.0M | −10.85% | +11.93% |
| Q2 2012 | 2012-06-30 | $825.0M | $953.0M | — | +13.15% |
| Q1 2012 | 2012-03-31 | −$186.0M | $57.0M | — | −3.00% |
| Q4 2011 | 2011-12-31 | $1.16B | $52.0M | +4.71% | +17.75% |
| Q3 2011 | 2011-09-30 | $839.0M | −$16.0M | −1.87% | +12.69% |
| Q2 2011 | 2011-06-30 | −$128.0M | −$672.0M | — | −1.95% |
| Q1 2011 | 2011-03-31 | −$243.0M | $391.0M | — | −3.61% |
| Q4 2010 | 2010-12-31 | $1.10B | $209.0M | +23.38% | +15.98% |
| Q3 2010 | 2010-09-30 | $855.0M | $450.0M | +111.11% | +12.09% |
| Q2 2010 | 2010-06-30 | $544.0M | −$151.0M | −21.73% | +7.50% |
| Q1 2010 | 2010-03-31 | −$634.0M | −$300.0M | — | −9.17% |
| Q4 2009 | 2009-12-31 | $894.0M | −$312.0M | −25.87% | +31.70% |
| Q3 2009 | 2009-09-30 | $405.0M | — | — | +4.85% |
| Q2 2009 | 2009-06-30 | $695.0M | — | — | +8.13% |
| Q1 2009 | 2009-03-31 | −$334.0M | — | — | −4.21% |
| Q3 2008 | 2008-09-30 | $1.21B | — | — | +14.39% |
Northrop Grumman free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $2.88B to $3.31B, a compound annual growth rate of 2.77%. Northrop Grumman's latest reported quarter, Q2 2026, generated $978.0M in free cash flow, an increase of 53.53% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Northrop Grumman filings at SEC.gov ↗