Northrop Grumman Cash Flow Statement
NYSE: NOCIndustrialsIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Northrop Grumman free cash flow
In fiscal 2025, Northrop Grumman generated $4.76 billion of operating cash flow and spent $1.45 billion on capital expenditures. That left free cash flow of $3.31 billion, a free-cash-flow margin of 7.9% of revenue. Free cash flow was up 26.2% from the prior year's $2.62 billion.
Northrop Grumman returned $2.92 billion to shareholders: $1.29 billion in dividends and $1.62 billion in share repurchases, equal to 88% of free cash flow. Free cash flow covered dividend payments 2.6 times.
Summary generated from market data by MetaCap's automated system. Methodology
Northrop Grumman cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 4.18B | 4.17B | 2.06B | 4.90B | 7.00B | 3.19B | 2.25B | 3.23B | 2.87B | 2.04B |
| Net Income growth (YoY) | +0.19% | +103.02% | -58.01% | -30.11% | +119.66% | +41.86% | -30.38% | +12.55% | +40.43% | +2.66% |
| Depreciation & Amortization | 1.47B | 1.37B | 1.34B | 1.34B | 1.24B | 1.27B | 1.26B | 800.00M | 475.00M | 456.00M |
| Stock-Based Compensation | 119.00M | 101.00M | 87.00M | 99.00M | 94.00M | 90.00M | 127.00M | 86.00M | 94.00M | 93.00M |
| Change in Working Capital | 662.00M | 221.00M | -134.00M | 908.00M | 889.00M | 585.00M | 846.00M | 490.00M | 294.00M | -106.00M |
| Operating Cash Flow | 4.76B | 4.39B | 3.88B | 2.90B | 3.57B | 4.30B | 4.30B | 3.83B | 2.61B | 2.81B |
| Capital Expenditures | -1.45B | -1.77B | -1.77B | -1.44B | -1.42B | -1.42B | -1.26B | -1.25B | -928.00M | -920.00M |
| Investing Cash Flow | -1.16B | -1.75B | -1.58B | -1.24B | 2.06B | -1.21B | -1.21B | -8.88B | -889.00M | -805.00M |
| Dividends Paid | -1.29B | -1.19B | -1.12B | -1.05B | -983.00M | -953.00M | -880.00M | -821.00M | -689.00M | -640.00M |
| Share Repurchases | -1.62B | -2.51B | -1.50B | -1.50B | -3.71B | -490.00M | -744.00M | -1.26B | -393.00M | -1.55B |
| Debt Issued | 998.00M | 2.50B | 2.00B | 0 | 0 | 2.24B | 0 | 0 | 8.24B | 749.00M |
| Debt Repaid | -1.50B | 0 | -1.05B | 0 | -2.24B | -1.03B | -500.00M | -2.28B | 0 | -321.00M |
| Financing Cash Flow | -3.55B | -1.40B | -1.76B | -2.61B | -7.00B | -432.00M | -2.42B | -4.59B | 6.96B | -1.79B |
| Net Change in Cash | 50.00M | 1.24B | 532.00M | -953.00M | -1.38B | 2.66B | 666.00M | -9.65B | 8.68B | 222.00M |
| Free Cash Flow | 3.31B | 2.62B | 2.10B | 1.47B | 2.15B | 2.88B | 3.03B | 2.58B | 1.69B | 1.89B |
This table shows 10 annual periods of Northrop Grumman's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow NOC's reporting calendar. What is a cash flow statement?