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Northrop Grumman

NYSE: NOC · USD

Northrop Grumman cash flow and EPS84

Operating cash flow, capital investment, free cash flow and earnings per share.

Capital allocation

% of tracked cash uses

$653M
Northrop Grumman capital allocation. Quarterly values. Missing values are unavailable.
PeriodCapexAcquisitionsBuybacksDividendsDebt repaymentsTracked uses
FY 2009 Q224.73% · $135MUnavailable50% · $273M25.27% · $138MUnavailable100% · $546M
FY 2009 Q327.69% · $139M0% · $0M45.22% · $227M27.09% · $136MUnavailable100% · $502M
FY 2009 Q427.18% · $218M0% · $0M56.11% · $450M16.71% · $134MUnavailable100% · $802M
FY 2010 Q117.51% · $135MUnavailable65.76% · $507M16.73% · $129MUnavailable100% · $771M
FY 2010 Q217.4% · $103MUnavailable58.78% · $348M23.82% · $141MUnavailable100% · $592M
FY 2010 Q331.81% · $160MUnavailable40.76% · $205M27.44% · $138MUnavailable100% · $503M
FY 2010 Q459.42% · $372MUnavailable18.69% · $117M21.88% · $137MUnavailable100% · $626M
FY 2011 Q144.85% · $122MUnavailable4.78% · $13M50.37% · $137MUnavailable100% · $272M
FY 2011 Q27.62% · $94MUnavailable81.04% · $1,000M11.35% · $140MUnavailable100% · $1,234M
FY 2011 Q313.01% · $108MUnavailable70.48% · $585M16.51% · $137MUnavailable100% · $830M
FY 2011 Q416.57% · $164MUnavailable70.4% · $697M13.03% · $129MUnavailable100% · $990M
FY 2012 Q210.6% · $51MUnavailable60.71% · $292M28.69% · $138MUnavailable100% · $481M
FY 2012 Q313.03% · $64MUnavailable59.27% · $291M27.7% · $136M0% · $0M100% · $491M
FY 2012 Q418.27% · $135MUnavailable63.6% · $470M18.13% · $134M0% · $0M100% · $739M
FY 2013 Q16.39% · $40MUnavailable72.84% · $456M20.77% · $130MUnavailable100% · $626M
FY 2013 Q27.33% · $48MUnavailable70.99% · $465M21.68% · $142MUnavailable100% · $655M
FY 2013 Q39.29% · $90MUnavailable76.37% · $740M14.34% · $139M0% · $0M100% · $969M
FY 2013 Q418.06% · $186MUnavailable68.93% · $710M13.01% · $134M0% · $0M100% · $1,030M
FY 2014 Q17.87% · $60MUnavailable74.8% · $570M17.32% · $132MUnavailable100% · $762M
FY 2014 Q211.66% · $116MUnavailable73.47% · $731M14.87% · $148MUnavailable100% · $995M
FY 2014 Q310.8% · $109MUnavailable75.02% · $757M14.17% · $143M0% · $0M100% · $1,009M
FY 2014 Q426.9% · $276MUnavailable59.45% · $610M13.65% · $140M0% · $0M100% · $1,026M
FY 2015 Q110.66% · $117MUnavailable75.14% · $825M14.21% · $156M0% · $0M100% · $1,098M
FY 2015 Q28.46% · $115MUnavailable80.28% · $1,091M11.26% · $153M0% · $0M100% · $1,359M
FY 2015 Q38.51% · $102MUnavailable79.07% · $948M12.43% · $149M0% · $0M100% · $1,199M
FY 2015 Q422.83% · $137MUnavailable53% · $318M24.17% · $145M0% · $0M100% · $600M
FY 2016 Q135.22% · $298MUnavailable33.33% · $282M18.79% · $159M12.65% · $107M100% · $846M
FY 2016 Q223.51% · $173MUnavailable54.35% · $400M22.15% · $163M0% · $0M100% · $736M
FY 2016 Q317.93% · $137MUnavailable61.13% · $467M20.94% · $160M0% · $0M100% · $764M
FY 2016 Q428.84% · $312MUnavailable36.78% · $398M14.6% · $158M19.78% · $214M100% · $1,082M
FY 2017 Q135.35% · $216MUnavailable37.48% · $229M27.17% · $166M0% · $0M100% · $611M
FY 2017 Q240.94% · $217MUnavailable26.04% · $138M33.02% · $175M0% · $0M100% · $530M
FY 2017 Q352.04% · $217M0% · $0M6.24% · $26M41.73% · $174M0% · $0M100% · $417M
FY 2017 Q461.5% · $278M0% · $0M0% · $0M38.5% · $174M0% · $0M100% · $452M
FY 2018 Q160.64% · $305MUnavailable0% · $0M39.36% · $198MUnavailable100% · $503M
FY 2018 Q244.32% · $199MUnavailable9.13% · $41M46.55% · $209MUnavailable100% · $449M
FY 2018 Q320.36% · $282M0% · $0M12.13% · $168M15.09% · $209M52.42% · $726M100% · $1,385M
FY 2018 Q426.89% · $463M0% · $0M61.21% · $1,054M11.9% · $205M0% · $0M100% · $1,722M
FY 2019 Q151.17% · $284MUnavailable10.81% · $60M38.02% · $211MUnavailable100% · $555M
FY 2019 Q238.95% · $252MUnavailable26.43% · $171M34.62% · $224MUnavailable100% · $647M
FY 2019 Q321.54% · $257M0% · $0M17.85% · $213M18.69% · $223M41.91% · $500M100% · $1,193M
FY 2019 Q447.43% · $471M0% · $0M30.21% · $300M22.36% · $222M0% · $0M100% · $993M
FY 2020 Q132.27% · $272MUnavailable40.81% · $344M26.93% · $227M0% · $0M100% · $843M
FY 2020 Q239.33% · $269MUnavailable21.35% · $146M35.38% · $242M3.95% · $27M100% · $684M
FY 2020 Q354.25% · $287MUnavailable0% · $0M45.75% · $242M0% · $0M100% · $529M
FY 2020 Q432.28% · $592MUnavailable0% · $0M13.2% · $242M54.53% · $1,000M100% · $1,834M
FY 2021 Q14.42% · $205MUnavailable43.08% · $2,000M5.13% · $238M47.38% · $2,200M100% · $4,643M
FY 2021 Q235.01% · $230MUnavailable21.77% · $143M37.75% · $248M5.48% · $36M100% · $657M
FY 2021 Q322.89% · $247MUnavailable53.85% · $581M23.26% · $251M0% · $0M100% · $1,079M
FY 2021 Q437.4% · $733MUnavailable50.05% · $981M12.55% · $246M0% · $0M100% · $1,960M
FY 2022 Q130.01% · $244MUnavailable39.11% · $318M30.87% · $251M0% · $0M100% · $813M
FY 2022 Q230.83% · $263MUnavailable37.75% · $322M31.42% · $268M0% · $0M100% · $853M
FY 2022 Q331.69% · $296MUnavailable39.72% · $371M28.59% · $267M0% · $0M100% · $934M
FY 2022 Q445.43% · $632MUnavailable35.44% · $493M19.12% · $266M0% · $0M100% · $1,391M
FY 2023 Q123.73% · $309MUnavailable55.53% · $723M20.74% · $270MUnavailable100% · $1,302M
FY 2023 Q238.19% · $304MUnavailable26.13% · $208M35.68% · $284MUnavailable100% · $796M
FY 2023 Q341.65% · $359MUnavailable25.87% · $223M32.48% · $280MUnavailable100% · $862M
FY 2023 Q456.11% · $803MUnavailable24.18% · $346M19.71% · $282M0% · $0M100% · $1,431M
FY 2024 Q115.49% · $270MUnavailable68.27% · $1,190M16.24% · $283M0% · $0M100% · $1,743M
FY 2024 Q227% · $320MUnavailable47.43% · $562M25.57% · $303M0% · $0M100% · $1,185M
FY 2024 Q336.72% · $361MUnavailable32.66% · $321M30.62% · $301M0% · $0M100% · $983M
FY 2024 Q452.44% · $816MUnavailable28.34% · $441M19.22% · $299M0% · $0M100% · $1,556M
FY 2025 Q110.09% · $256MUnavailable18.91% · $480M11.9% · $302M59.1% · $1,500M100% · $2,538M
FY 2025 Q223.72% · $231MUnavailable42.2% · $411M34.09% · $332M0% · $0M100% · $974M
FY 2025 Q333.15% · $301MUnavailable30.51% · $277M36.34% · $330M0% · $0M100% · $908M
FY 2025 Q445.75% · $662MUnavailable31.51% · $456M22.74% · $329M0% · $0M100% · $1,447M
FY 2026 Q115.25% · $167MUnavailable6.21% · $68M30.41% · $333M48.13% · $527M100% · $1,095M
FY 2026 Q246.25% · $302MUnavailable0% · $0M53.75% · $351M0% · $0M100% · $653M
Jun 30, 2009 through Jun 30, 2026

Latest period omits acquisitions. Percentages cover tracked uses. SBC is noncash and excluded.

Operating cash flow

USD millions

$1,280M

Capital expenditures

USD millions

$302M

Free cash flow

USD millions

$978M

Stock-based compensation

USD millions

$29M

SBC / free cash flow

% · FCF before SBC deduction

2.97%

SBC / operating cash flow

%

2.27%

Software & intangible investment

USD millions

—

Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.

Diluted EPS

USD per share

$7.68

Quarterly data

Northrop Grumman cash-flow history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal periodEndedOperating cash flowUSD millionsCapital expendituresUSD millionsFree cash flowUSD millionsStock-based compensationUSD millionsSBC / free cash flow%SBC / operating cash flow%Software & intangible investmentUSD millionsDiluted EPSUSD per share
FY 2026 Q2Jun 30, 20261,280302978292.97%2.27%—$7.68
FY 2026 Q1Mar 31, 2026-1,656167-1,82320———$6.14
FY 2025 Q4Dec 31, 20253,8976623,235541.67%1.39%——
FY 2025 Q3Sep 30, 20251,5573011,256251.99%1.61%—$7.67
FY 2025 Q2Jun 30, 2025868231637203.14%2.3%—$8.15
FY 2025 Q1Mar 31, 2025-1,565256-1,82120———$3.32
FY 2024 Q4Dec 31, 20242,5788161,762291.65%1.12%——
FY 2024 Q3Sep 30, 20241,091361730263.56%2.38%—$7
FY 2024 Q2Jun 30, 20241,4253201,105262.35%1.82%—$6.36
FY 2024 Q1Mar 31, 2024-706270-97620———$6.32
FY 2023 Q4Dec 31, 20232,4308031,627231.41%0.95%——
FY 2023 Q3Sep 30, 20231,228359869171.96%1.38%—$6.18
FY 2023 Q2Jun 30, 2023919304615284.55%3.05%—$5.34
FY 2023 Q1Mar 31, 2023-702309-1,01119———$5.5
FY 2022 Q4Dec 31, 20222,2516321,619271.67%1.2%——
FY 2022 Q3Sep 30, 20221,3352961,039302.89%2.25%—$5.89
FY 2022 Q2Jun 30, 2022-197263-46024———$6.06
FY 2022 Q1Mar 31, 2022-488244-73218———$6.1
FY 2021 Q4Dec 31, 20211,442733709233.24%1.6%——
FY 2021 Q3Sep 30, 20211,163247916313.38%2.67%—$6.63
FY 2021 Q2Jun 30, 20211,028230798222.76%2.14%—$6.42
FY 2021 Q1Mar 31, 2021-66205-27118———$13.43
FY 2020 Q4Dec 31, 20201,6025921,010292.87%1.81%—$1.97
FY 2020 Q3Sep 30, 20201,3592871,072252.33%1.84%—$5.89
FY 2020 Q2Jun 30, 20202,3372692,068180.87%0.77%—$6.01
FY 2020 Q1Mar 31, 2020-993272-1,26518———$5.15
FY 2019 Q4Dec 31, 20192,4644711,993341.71%1.38%—$-2.43
FY 2019 Q3Sep 30, 20191,139257882384.31%3.34%—$5.49
FY 2019 Q2Jun 30, 20191,6072521,355292.14%1.8%—$5.06
FY 2019 Q1Mar 31, 2019-913284-1,19726———$5.06
FY 2018 Q4Dec 31, 20182,3774631,91440.21%0.17%—$2.06
FY 2018 Q3Sep 30, 2018812282530295.47%3.57%—$6.54
FY 2018 Q2Jun 30, 2018875199676345.03%3.89%—$3.93
FY 2018 Q1Mar 31, 2018-237305-54219———$4.21
FY 2017 Q4Dec 31, 20171,6072781,329282.11%1.74%—$1.01
FY 2017 Q3Sep 30, 2017938217721243.33%2.56%—$3.68
FY 2017 Q2Jun 30, 2017507217290258.62%4.93%—$3.15
FY 2017 Q1Mar 31, 2017-439216-65517———$3.63
FY 2016 Q4Dec 31, 20161,5313121,219322.63%2.09%—$2.96
FY 2016 Q3Sep 30, 2016738137601243.99%3.25%—$3.35
FY 2016 Q2Jun 30, 2016604173431235.34%3.81%—$2.85
FY 2016 Q1Mar 31, 2016-60298-35814———$3.03
FY 2015 Q4Dec 31, 20151,6331371,496291.94%1.78%—$2.49
FY 2015 Q3Sep 30, 2015557102455235.05%4.13%—$2.75
FY 2015 Q2Jun 30, 2015626115511234.5%3.67%—$2.74
FY 2015 Q1Mar 31, 2015-654117-77124———$2.41
FY 2014 Q4Dec 31, 20141,4902761,214413.38%2.75%—$2.48
FY 2014 Q3Sep 30, 2014933109824425.1%4.5%—$2.26
FY 2014 Q2Jun 30, 2014572116456296.36%5.07%—$2.37
FY 2014 Q1Mar 31, 2014-40260-46222———$2.63
FY 2013 Q4Dec 31, 20131,2041861,018262.55%2.16%—$2.12
FY 2013 Q3Sep 30, 201395090860475.47%4.95%—$2.14
FY 2013 Q2Jun 30, 2013328482804716.79%14.33%—$2.05
FY 2013 Q1Mar 31, 2013140-3924—2,400%—$2.03
FY 2012 Q4Dec 31, 20121,057135922727.81%6.81%—$2.14
FY 2012 Q3Sep 30, 201281264748354.68%4.31%—$1.82
FY 2012 Q2Jun 30, 201287651825506.06%5.71%—$1.88
FY 2011 Q4Dec 31, 20111,3211641,157433.72%3.26%—$2.09
FY 2011 Q3Sep 30, 2011948108840313.69%3.27%—$1.86
FY 2011 Q2Jun 30, 2011-3494-12833———$1.81
FY 2011 Q1Mar 31, 2011-120122-24233———$1.79
FY 2010 Q4Dec 31, 20101,3873721,015333.25%2.38%—$1.15
FY 2010 Q3Sep 30, 2010978160818344.16%3.48%—$1.51
FY 2010 Q2Jun 30, 2010619103516316.01%5.01%—$2.11
FY 2010 Q1Mar 31, 2010-531135-66638———$1.38
FY 2009 Q4Dec 31, 2009931218713223.09%2.36%—$1.18
FY 2009 Q3Sep 30, 2009544139405286.91%5.15%—$1.38
FY 2009 Q2Jun 30, 2009830135695202.88%2.41%—$1.09
Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

FCF subtracts reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Acquisitions and noncash lease additions are excluded. EPS and weighted shares are not summed across quarters. Annual figures use annual reports.

SBC / FCF always uses FCF before SBC deduction; both SBC ratios compare amounts from the same period. A zero or negative cash-flow denominator is undefined, and values above 100% are retained.

Each reported nonnegative cash use / sum of available tracked nonnegative cash uses × 100. Missing categories are omitted, never set to zero. This is the composition of tracked uses, not a complete cash-flow reconciliation or a percentage of OCF. SBC is noncash and excluded. Negative amounts are excluded as reversals or net receipts; they are not converted to spending. Annual bars use reported annual amounts. Turning off a category hides its share without changing the denominator. Debt repayments prefer a reported aggregate, with long-term or convertible-only scope identified in the tooltip. Acquisitions are net of cash acquired. Dividend payments use the aggregate where reported, including dividend equivalents when part of that concept.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Market prices: Yahoo Finance · NOC, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Operating cash flow
Reported net cash provided by or used in operating activities.
Capital expenditures
Reported cash capital investment. Uses purchases of property, plant and equipment where disclosed; otherwise purchases of productive assets, which can also include software and intangibles. Excludes acquisitions and noncash lease additions.
Free cash flow
Operating cash flow − reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Reflects the SBC option and can differ from issuer-defined FCF.
Stock-based compensation
Reported share-based compensation addback in the cash-flow statement. Missing disclosure is not treated as zero.
SBC / free cash flow
Reported share-based compensation / (operating cash flow − cash capital investment) × 100, for the same fiscal period. Always uses FCF before SBC deduction. Zero or negative FCF is undefined; values above 100% are retained.
SBC / operating cash flow
Reported share-based compensation / reported operating cash flow × 100, for the same fiscal period. Zero or negative operating cash flow is undefined. Unaffected by the SBC deduction scenario.
Software & intangible investment
Separately tagged payments for capitalized software under US GAAP, or purchases of intangible assets under IFRS. This optional disclosure is not inferred from total capex or deducted a second time from FCF.
Diluted EPS
Reported diluted earnings per share, normalized for recorded subsequent stock splits. Quarterly EPS is never subtracted from annual or YTD EPS.