Northrop Grumman Corporation (NOC)
NYSE: NOC · Real-Time Price · USD
551.44
-0.91 (-0.16%)
At close: Oct 23, 2026, 4:00 PM EDT
552.55
+1.11 (0.20%)
After-hours: Oct 23, 2026, 7:57 PM EDT
Northrop Grumman Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 1,124 | 1,094 | 875 | 1,427 | 1,100 | 1,174 | 481 | 1,264 | 1,026 | 940 | 944 | -535 | 937 | 812 | 842 | 2,080 | 915 | 946 | 955 | 2,710 |
Depreciation & Amortization | 379 | 367 | 372 | 406 | 379 | 350 | 337 | 414 | 331 | 326 | 299 | 400 | 317 | 323 | 298 | 382 | 327 | 330 | 303 | 331 |
Loss (Gain) From Sale of Assets | - | - | - | - | - | -231 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Stock-Based Compensation | 26 | 29 | 20 | 54 | 25 | 20 | 20 | 29 | 26 | 26 | 20 | 23 | 17 | 28 | 19 | 27 | 30 | 24 | 18 | 23 |
Other Operating Activities | 53 | -32 | 154 | -354 | 290 | -189 | 331 | -749 | -273 | -250 | -259 | 1,217 | -27 | -331 | -321 | -1,493 | -276 | -532 | -535 | -1,927 |
Change in Accounts Receivable | -86 | -814 | -982 | 1,094 | 316 | -661 | -1,611 | 947 | 1 | 154 | -1,135 | 844 | -62 | 301 | -782 | 817 | 132 | -767 | -872 | 305 |
Change in Inventory | 53 | 26 | -144 | 276 | -77 | 23 | -125 | 184 | -144 | -136 | -262 | 176 | -65 | -194 | -137 | -34 | -73 | -71 | -27 | 61 |
Change in Accounts Payable | 386 | 214 | -559 | 1,288 | 205 | 91 | -93 | 1,400 | 3 | -337 | -581 | 962 | 600 | 85 | -1,128 | 629 | 667 | 8 | -732 | 327 |
Change in Unearned Revenue | 15 | 126 | -389 | 19 | -435 | 288 | -358 | -123 | - | - | - | - | - | - | - | - | - | - | - | - |
Change in Income Taxes | -87 | 126 | -164 | -138 | -276 | -203 | 58 | 37 | 181 | 706 | 219 | -698 | -245 | -291 | 576 | -223 | -142 | -275 | 361 | -448 |
Change in Other Net Operating Assets | -118 | 144 | -839 | -175 | 30 | 206 | -605 | -825 | -60 | -4 | 49 | 41 | -244 | 186 | -69 | 66 | -245 | 140 | 41 | 60 |
Operating Cash Flow | 1,745 | 1,280 | -1,656 | 3,897 | 1,557 | 868 | -1,565 | 2,578 | 1,091 | 1,425 | -706 | 2,430 | 1,228 | 919 | -702 | 2,251 | 1,335 | -197 | -488 | 1,442 |
Operating Cash Flow Growth (YoY) | 12.07% | 47.47% | - | 51.16% | 42.71% | -39.09% | - | 6.09% | -11.16% | 55.06% | - | 7.95% | -8.02% | - | - | 56.10% | 14.79% | - | - | -9.99% |
Investing Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -306 | -302 | -167 | -662 | -301 | -231 | -256 | -816 | -361 | -320 | -270 | -803 | -359 | -304 | -309 | -632 | -296 | -263 | -244 | -733 |
Sale of Property, Plant & Equipment | 371 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 55 | 100 | - | - | - |
Divestitures | - | - | - | - | - | 333 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Investment in Securities | - | 107 | - | - | - | - | - | - | - | - | - | 40 | 157 | - | - | - | - | - | - | - |
Other Investing Activities | -15 | -1 | -1 | -2 | 1 | -41 | 4 | 18 | - | -1 | 1 | -7 | 2 | 1 | - | -1 | 1 | 44 | -5 | -8 |
Investing Cash Flow | 50 | -196 | -168 | -664 | -300 | 61 | -252 | -798 | -361 | -321 | -269 | -770 | -200 | -303 | -309 | -578 | -195 | -219 | -249 | -741 |
Financing Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | 498 | - | - | - | 1,474 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Long-Term Debt Issued | - | - | - | - | - | - | - | - | - | - | 2,495 | - | - | - | 1,995 | - | - | - | - | - |
Total Debt Issued | - | -498 | 498 | - | -566 | 90 | 1,474 | - | - | - | 2,495 | - | -768 | 768 | 1,995 | - | - | - | - | - |
Long-Term Debt Repaid | - | - | -527 | - | - | - | -1,500 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Debt Repaid | - | - | -527 | - | - | - | -1,500 | - | - | - | - | - | -1,050 | - | - | - | - | - | - | - |
Net Debt Issued (Repaid) | - | -498 | -29 | - | -566 | 90 | -26 | - | - | - | 2,495 | - | -1,818 | 768 | 1,995 | - | - | - | - | - |
Repurchase of Common Stock | - | -1 | -125 | -457 | -277 | -411 | -518 | -442 | -321 | -564 | -1,245 | -347 | -224 | -211 | -770 | -493 | -373 | -322 | -366 | -982 |
Common Dividends Paid | -351 | -351 | -333 | -329 | -330 | -332 | -302 | -299 | -301 | -303 | -283 | -282 | -280 | -284 | -270 | -266 | -267 | -268 | -251 | -246 |
Other Financing Activities | -7 | -17 | -2 | -1 | -26 | -62 | -5 | -12 | -54 | -26 | -40 | -4 | -8 | - | -26 | -3 | -3 | 1 | -2 | 2 |
Financing Cash Flow | -358 | -867 | -489 | -787 | -1,199 | -715 | -851 | -753 | -676 | -893 | 927 | -633 | -2,330 | 273 | 929 | -762 | -643 | -589 | -619 | -1,226 |
Net Cash Flow
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | 1,437 | 217 | -2,313 | 2,446 | 58 | 214 | -2,668 | 1,027 | 54 | 211 | -48 | 1,027 | -1,302 | 889 | -82 | 911 | 497 | -1,005 | -1,356 | -525 |
Free Cash Flow
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 1,439 | 978 | -1,823 | 3,235 | 1,256 | 637 | -1,821 | 1,762 | 730 | 1,105 | -976 | 1,627 | 869 | 615 | -1,011 | 1,619 | 1,039 | -460 | -732 | 709 |
Free Cash Flow Growth (YoY) | 14.57% | 53.53% | - | 83.60% | 72.06% | -42.35% | - | 8.30% | -16.00% | 79.67% | - | 0.49% | -16.36% | - | - | 128.35% | 13.43% | - | - | -29.80% |
Free Cash Flow Margin | 12.94% | 8.99% | -18.45% | 27.62% | 12.05% | 6.15% | -19.23% | 16.49% | 7.30% | 10.81% | -9.63% | 15.29% | 8.89% | 6.42% | -10.87% | 16.14% | 11.58% | -5.23% | -8.32% | 8.21% |
Free Cash Flow Per Share | 10.11 | 6.87 | -12.79 | 22.64 | 8.75 | 4.42 | -12.57 | 12.08 | 4.98 | 7.48 | -6.54 | 10.77 | 5.73 | 4.04 | -6.60 | 10.48 | 6.69 | -2.95 | -4.67 | 4.49 |
Levered Free Cash Flow | 1,329 | 1,169 | -2,404 | 2,995 | 664.63 | 771.75 | -1,576 | 2,375 | 857.38 | 1,203 | -427.88 | 915.75 | 564.38 | 724.63 | -617.25 | 2,467 | 1,334 | -150 | -93.5 | 2,108 |
Unlevered Free Cash Flow | 1,428 | 1,270 | -2,303 | 3,104 | 765.25 | 879.88 | -1,479 | 2,475 | 958 | 1,300 | -336.63 | 995.75 | 652.5 | 816.5 | -536.63 | 2,542 | 1,411 | -68.13 | -10.38 | 2,191 |
Additional Metrics
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Income Tax Paid | - | - | - | 731 | - | - | - | 880 | - | - | - | 1,200 | - | - | - | 1,500 | - | - | - | 1,300 |
Change in Working Capital | 163 | -178 | -3,077 | 2,364 | -237 | -256 | -2,734 | 1,620 | -19 | 383 | -1,710 | 1,325 | -16 | 87 | -1,540 | 1,255 | 339 | -965 | -1,229 | 305 |