Northrop Grumman Corporation logo
NOCNorthrop Grumman Corporation

Is the EV/FCF ratio high or low?

The EV/FCF ratio of 25.92x is 55% below its 5-year average of 58.03x, near the low end of its 5-year range (18.06x–225.92x).

As of Tuesday, June 30, 2026. 49.23% below its 12-month average of 51.06x.

EV/FCF Ratio

NOC EV/FCF Ratio Chart

25.92x
-48.42% 1Y
NOC EV/FCF Ratio

NOC Average EV/FCF Ratio Chart

NOC EV/FCF Ratio

NOC Current vs Average EV/FCF Ratio Chart

NOC EV/FCF Ratio Metrics

EV/FCF RATIO

25.92x

EV/FCF RATIO AVG TTM

51.06x

EV/FCF RATIO AVG 3Y

39.42x

EV/FCF RATIO AVG 5Y

43.33x

EV/FCF RATIO AVG 10Y

32.70x

EV/FCF RATIO AVG 15Y

26.20x

EV/FCF RATIO AVG 20Y

23.03x

CURRENT VS TTM AVG

-49.23%

CURRENT VS 3Y AVG

-34.24%

CURRENT VS 5Y AVG

-40.18%

CURRENT VS 10Y AVG

-20.74%

CURRENT VS 15Y AVG

-1.06%

CURRENT VS 20Y AVG

+12.57%

NOC Competitors' EV/FCF Ratio

NAMEMARKET CAPEV/FCF RATIOTTM3Y5Y
Northrop Grumman Corporation (NOC)$72.34B25.92x51.06x39.42x43.33x
Canadian National Railway Company (CNI)vs ›$72.33B34.51x32.54x32.43x32.28x
United Rentals, Inc. (URI)vs ›$70.97B130.11x124.14x132.98x104.89x
Honeywell International Inc. (HON)vs ›$70.94B23.70x30.93x31.49x31.92x
Norfolk Southern Corporation (NSC)vs ›$70.66B22.77x32.01x260.77x150.09x
TransDigm Group Incorporated (TDG)vs ›$74.51B56.83x54.76x56.42x59.51x
FedEx Corporation (FDX)vs ›$74.71B21.12x23.54x26.11x26.73x
Comfort Systems USA, Inc. (FIX)vs ›$69.75B49.16x46.48x28.96x26.31x
Cintas Corporation (CTAS)vs ›$68.06B39.97x46.06x47.15x43.36x
Canadian Pacific Kansas City Ltd. (CP)vs ›$76.92B64.14x52.76x57.60x54.67x

Cash Flow Valuation Comparison

EV/FCF

25.9x

P/FCF

21.4x

FCF Yield

4.68%

Formula: EV/FCF = Enterprise Value / Free Cash Flow

EV/FCF vs P/FCF:

  • EV/FCF accounts for debt and cash through enterprise value
  • P/FCF only considers equity value
  • EV/FCF can be compared across companies with different debt levels
  • Both measure how the market values cash generation

EV/FCF Ratio Formula & Definition

EV/FCF = Enterprise Value / Free Cash Flow (TTM)

Enterprise value to free cash flow compares total company value to the cash the business generates after capital expenditures.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

EV/FCF Ratio FAQ

What is the EV/FCF ratio for Northrop Grumman Corporation (NOC)?
The EV/FCF ratio for NOC stock is 25.92x.
Is Northrop Grumman Corporation's EV/FCF ratio high or low?
The EV/FCF ratio of 25.92x is 55% below its 5-year average of 58.03x, near the low end of its 5-year range (18.06x–225.92x).
What is the TTM average EV/FCF ratio for Northrop Grumman Corporation (NOC)?
The TTM average EV/FCF ratio for NOC stock is 51.06x.
What is the 3Y average EV/FCF ratio for Northrop Grumman Corporation (NOC)?
The 3Y average EV/FCF ratio for NOC stock is 39.42x.
What is the 5Y average EV/FCF ratio for Northrop Grumman Corporation (NOC)?
The 5Y average EV/FCF ratio for NOC stock is 43.33x.
What is the 10Y average EV/FCF ratio for Northrop Grumman Corporation (NOC)?
The 10Y average EV/FCF ratio for NOC stock is 32.70x.
What is the 15Y average EV/FCF ratio for Northrop Grumman Corporation (NOC)?
The 15Y average EV/FCF ratio for NOC stock is 26.20x.
What is the 20Y average EV/FCF ratio for Northrop Grumman Corporation (NOC)?
The 20Y average EV/FCF ratio for NOC stock is 23.03x.

NOC EV/FCF Ratio History

DATEEV/FCF RATIO
2026-06-2925.92x
2026-06-2626.09x
2026-06-2526.06x
2026-06-2426.22x
2026-06-2326.66x
2026-06-2226.41x
2026-06-1827.02x
2026-06-1728.25x
2026-06-1628.30x
2026-06-1528.02x
2026-06-1228.26x
2026-06-1128.36x
2026-06-1027.91x
2026-06-0928.19x
2026-06-0827.85x
2026-06-0528.01x
2026-06-0428.04x
2026-06-0327.22x
2026-06-0227.67x
2026-06-0127.78x
2026-05-2928.84x
2026-05-2828.65x
2026-05-2728.31x
2026-05-2628.54x
2026-05-2228.49x
2026-05-2128.32x
2026-05-2028.34x
2026-05-1928.52x
2026-05-1828.25x
2026-05-1527.85x
2026-05-1428.19x
2026-05-1328.33x
2026-05-1228.61x
2026-05-1128.17x
2026-05-0828.23x
2026-05-0728.35x
2026-05-0628.62x
2026-05-0528.62x
2026-05-0428.98x
2026-05-0129.03x
2026-04-3029.52x
2026-04-2929.21x
2026-04-2829.45x
2026-04-2729.34x
2026-04-2429.33x
2026-04-2329.87x
2026-04-2229.96x
2026-04-2130.88x
2026-04-2033.03x
2026-04-1733.38x
2026-04-1633.71x
2026-04-1533.96x
2026-04-1434.03x
2026-04-1334.08x
2026-04-1033.75x
2026-04-0934.48x
2026-04-0834.34x
2026-04-0734.48x
2026-04-0634.70x
2026-04-0234.99x
2026-04-0134.76x
2026-03-3134.12x
2026-03-3033.66x
2026-03-2733.98x
2026-03-2634.54x
2026-03-2534.51x
2026-03-2434.12x
2026-03-2334.02x
2026-03-2035.19x
2026-03-1935.50x
2026-03-1835.96x
2026-03-1735.92x
2026-03-1636.44x
2026-03-1336.34x
2026-03-1236.45x
2026-03-1136.32x
2026-03-1036.40x
2026-03-0936.93x
2026-03-0637.31x
2026-03-0536.61x
2026-03-0437.21x
2026-03-0337.44x
2026-03-0237.83x
2026-02-2735.94x
2026-02-2635.36x
2026-02-2535.04x
2026-02-2436.08x
2026-02-2335.98x
2026-02-2035.90x
2026-02-1936.48x
2026-02-1835.96x
2026-02-1734.93x
2026-02-1335.00x
2026-02-1234.67x
2026-02-1133.97x
2026-02-1034.24x
2026-02-0934.80x
2026-02-0635.28x
2026-02-0534.73x
2026-02-0434.44x
2026-02-0335.10x
2026-02-0234.24x
2026-01-3034.55x
2026-01-2934.69x
2026-01-2834.42x
2026-01-2733.97x
2026-01-2661.17x
2026-01-2362.10x
2026-01-2261.91x
2026-01-2161.42x
2026-01-2060.88x
2026-01-1661.63x
2026-01-1560.67x
2026-01-1460.55x
2026-01-1358.39x
2026-01-1258.69x
2026-01-0957.87x
2026-01-0855.68x
2026-01-0754.60x
2026-01-0657.23x
2026-01-0557.28x
2026-01-0255.27x
2025-12-3154.06x
2025-12-3054.41x
2025-12-2954.66x
2025-12-2654.63x
2025-12-2455.01x
2025-12-2354.84x
2025-12-2255.20x
2025-12-1953.93x
2025-12-1853.23x
2025-12-1753.59x
2025-12-1653.95x
2025-12-1554.50x
2025-12-1254.03x
2025-12-1153.27x
2025-12-1052.90x
2025-12-0952.53x
2025-12-0852.76x
2025-12-0552.40x
2025-12-0452.72x
2025-12-0352.74x
2025-12-0252.25x
2025-12-0152.13x
2025-11-2854.22x
2025-11-2653.82x
2025-11-2554.00x
2025-11-2453.70x
2025-11-2153.79x
2025-11-2053.84x
2025-11-1953.66x
2025-11-1853.80x
2025-11-1753.50x
2025-11-1453.11x
2025-11-1353.11x
2025-11-1253.15x
2025-11-1153.79x
2025-11-1053.50x
2025-11-0753.94x
2025-11-0654.20x
2025-11-0554.09x
2025-11-0454.61x
2025-11-0354.47x
2025-10-3155.10x
2025-10-3054.72x
2025-10-2955.22x
2025-10-2856.01x
2025-10-2756.08x
2025-10-2456.83x
2025-10-2356.84x
2025-10-2256.12x
2025-10-2156.34x
2025-10-2079.59x
2025-10-1778.77x
2025-10-1679.26x
2025-10-1580.36x
2025-10-1482.34x
2025-10-1381.45x
2025-10-1081.96x
2025-10-0983.23x
2025-10-0883.55x
2025-10-0781.76x
2025-10-0681.41x
2025-10-0380.42x
2025-10-0279.93x
2025-10-0179.97x
2025-09-3080.40x
2025-09-2978.71x
2025-09-2678.77x
2025-09-2577.81x
2025-09-2477.86x
2025-09-2376.85x
2025-09-2276.75x
2025-09-1976.41x
2025-09-1876.48x
2025-09-1776.85x
2025-09-1677.10x
2025-09-1576.57x
2025-09-1276.73x
2025-09-1177.50x
2025-09-1077.16x
2025-09-0976.25x
2025-09-0877.38x
2025-09-0577.26x
2025-09-0477.15x
2025-09-0377.28x
2025-09-0278.20x
2025-08-2978.28x
2025-08-2878.04x
2025-08-2777.90x
2025-08-2678.61x
2025-08-2577.91x
2025-08-2278.54x
2025-08-2179.07x
2025-08-2078.55x
2025-08-1977.86x
2025-08-1877.70x
2025-08-1577.61x
2025-08-1477.58x
2025-08-1377.40x
2025-08-1277.26x
2025-08-1177.20x
2025-08-0877.29x
2025-08-0777.99x
2025-08-0678.20x
2025-08-0578.27x
2025-08-0478.25x
2025-08-0177.88x
2025-07-3176.80x
2025-07-3076.38x
2025-07-2976.43x
2025-07-2875.92x
2025-07-2576.04x
2025-07-2475.90x
2025-07-2375.91x
2025-07-2275.39x
2025-07-2151.50x
2025-07-1851.80x
2025-07-1752.19x
2025-07-1651.86x
2025-07-1551.62x
2025-07-1451.97x
2025-07-1151.44x
2025-07-1051.38x
2025-07-0950.90x
2025-07-0850.65x
2025-07-0750.90x
2025-07-0350.59x
2025-07-0250.16x
2025-07-0150.54x
2025-06-3050.25x
2025-06-2749.76x
2025-06-2649.73x
2025-06-2549.18x
2025-06-2448.95x
2025-06-2350.22x
2025-06-2050.06x
2025-06-1849.81x
2025-06-1750.57x
2025-06-1650.05x

Showing the most recent 260 of 5,030 data points. The chart above shows the full history.

About Northrop Grumman Corporation

Northrop Grumman Corporation is a leading global player in the aerospace and defense sectors. Its Aeronautics Systems division is responsible for the full lifecycle of aircraft, from design and development to production, integration, and ongoing maintenance. This includes a diverse portfolio of crewed and uncrewed aerial platforms: advanced strategic long-range strike aircraft, tactical fighter and air superiority jets, and sophisticated airborne systems for battle management and command and control. Additionally, it specializes in autonomous uncrewed aircraft systems, such as high-altitude, long-endurance strategic intelligence, surveillance, and reconnaissance (ISR) platforms, alongside vertical take-off and landing tactical ISR systems. The Defense Systems segment focuses on creating and delivering a wide array of weapons and mission technologies. Its offerings encompass integrated battle management solutions, various weapons platforms, and specialized aircraft. Key products include command and control systems, munitions, and missiles, alongside precision strike capabilities. The segment is also at the forefront of propulsion technologies, offering both air-breathing and advanced hypersonic systems, as well as sophisticated gun systems and precision munitions. Beyond products, it provides comprehensive life-cycle support, including software services, ongoing maintenance, logistics, operational assistance, and modernization efforts for air, sea, and ground-based defense systems. Within its Mission Systems division, Northrop Grumman delivers critical capabilities spanning cybersecurity, C4ISR (command, control, communications, computers, intelligence, surveillance, and reconnaissance). This includes developing advanced sensing technologies such as radar, electro-optical/infrared, and acoustic sensors, alongside electronic warfare systems. The division also provides cutting-edge communications and networking solutions, intelligence processing, navigation systems, and maritime power, propulsion, and payload launch systems. Furthermore, it supplies airborne multifunction sensors, integrated maritime and land-based systems, targeting and survivability solutions, and robust networked information platforms. The Space Systems segment is a key provider of space-based solutions, delivering satellites and their associated payloads, along with essential ground control systems. It specializes in missile defense systems, including interceptors, and offers a range of launch vehicles with their propulsion components, as well as strategic missile technologies. Established in 1939, the corporation maintains its headquarters in Falls Church, Virginia.

Falls Church, VA
97,000 employees
Industrials / Aerospace & Defense
Sector
Industrials
Industry
Aerospace & Defense
CEO
Kathy J. Warden