Basis: Current FMP quote-based enterprise value / four-quarter operating cash flow less absolute capital expenditures. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/FCF ratio high or low?
The EV/FCF ratio of 23.50x is 46% below its estimated 5-year average of 43.46x, near the low end of its estimated 5-year range (23.50x–227.54x).
As of 2026-09-30T10:46:00.380Z. 44.44% below its estimated 12-month average of 42.30x.
Calculation as of: 2026-09-30T10:46:00.380Z.
Quote observation: 2026-09-29T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 3783112c7b7a179d5620d0b34b78568668e5b4f0904b476cbdc90eca1aa4737d
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-11.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/FCF RATIO
23.50x
EV/FCF RATIO AVG TTM
42.30x
EV/FCF RATIO AVG 3Y
38.58x
EV/FCF RATIO AVG 5Y
43.46x
EV/FCF RATIO AVG 10Y
32.79x
EV/FCF RATIO AVG 15Y
26.43x
EV/FCF RATIO AVG 20Y
23.11x
CURRENT VS TTM AVG
-44.44%
CURRENT VS 3Y AVG
-39.09%
CURRENT VS 5Y AVG
-45.92%
CURRENT VS 10Y AVG
-28.33%
CURRENT VS 15Y AVG
-11.08%
CURRENT VS 20Y AVG
+1.68%
SECTOR MEDIAN · INDUSTRIALS
28.83x
median of 125 covered companies
CURRENT VS SECTOR MEDIAN
-18.49%
vs the sector median at left
Northrop Grumman Corporation
Market Cap
$71.69B
EV/FCF Ratio
23.50x
TTM Avg
42.30x
3Y Avg
38.58x
5Y Avg
43.46x
Market Cap
$72.92B
EV/FCF Ratio
34.81x
TTM Avg
33.18x
3Y Avg
33.01x
5Y Avg
32.22x
Market Cap
$70.30B
EV/FCF Ratio
97.00x
TTM Avg
28.84x
3Y Avg
258.92x
5Y Avg
149.50x
Market Cap
$76.05B
EV/FCF Ratio
50.95x
TTM Avg
53.74x
3Y Avg
57.96x
5Y Avg
55.68x
Market Cap
$66.60B
EV/FCF Ratio
22.30x
TTM Avg
19.26x
3Y Avg
17.98x
5Y Avg
17.78x
Market Cap
$76.84B
EV/FCF Ratio
29.34x
TTM Avg
30.57x
3Y Avg
29.52x
5Y Avg
31.95x
Market Cap
$65.20B
EV/FCF Ratio
23.32x
TTM Avg
31.59x
3Y Avg
35.65x
5Y Avg
34.94x
| NAME | MARKET CAP | EV/FCF RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Northrop Grumman Corporation (NOC) | $71.69B | 23.50x | 42.30x | 38.58x | 43.46x |
| Cummins Inc. (CMI)vs › | $71.94B | 22.88x | 35.46x | 678.65x | 418.97x |
| Canadian National Railway Company (CNI)vs › | $72.92B | 34.81x | 33.18x | 33.01x | 32.22x |
| Norfolk Southern Corporation (NSC)vs › | $70.30B | 97.00x | 28.84x | 258.92x | 149.50x |
| FedEx Corporation (FDX)vs › | $68.01B | 19.09x | 23.13x | 25.35x | 26.76x |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $76.05B | 50.95x | 53.74x | 57.96x | 55.68x |
| Honeywell International Inc. (HON)vs › | $66.60B | 22.30x | 19.26x | 17.98x | 17.78x |
| Illinois Tool Works Inc. (ITW)vs › | $76.84B | 29.34x | 30.57x | 29.52x | 31.95x |
| Republic Services, Inc. (RSG)vs › | $65.20B | 23.32x | 31.59x | 35.65x | 34.94x |
| Cintas Corporation (CTAS)vs › | $79.13B | 43.35x | 44.80x | 47.35x | 43.69x |
EV/FCF
23.5x
P/FCF
19.7x
FCF Yield
5.09%
Formula: EV/FCF = Enterprise Value / Free Cash Flow
EV/FCF vs P/FCF:
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
| DATE | EV/FCF RATIO |
|---|---|
| 2026-09-11 | 24.10x |
| 2026-09-10 | 24.10x |
| 2026-09-09 | 23.97x |
| 2026-09-08 | 24.09x |
| 2026-09-04 | 23.95x |
| 2026-09-03 | 24.47x |
| 2026-09-02 | 24.29x |
| 2026-09-01 | 24.65x |
| 2026-08-31 | 24.91x |
| 2026-08-28 | 25.14x |
| 2026-08-27 | 25.13x |
| 2026-08-26 | 25.31x |
| 2026-08-25 | 25.02x |
| 2026-08-24 | 25.29x |
| 2026-08-21 | 25.36x |
| 2026-08-20 | 25.86x |
| 2026-08-19 | 26.60x |
| 2026-08-18 | 26.84x |
| 2026-08-17 | 26.10x |
| 2026-08-14 | 26.72x |
| 2026-08-13 | 26.28x |
| 2026-08-12 | 26.38x |
| 2026-08-11 | 26.32x |
| 2026-08-10 | 26.41x |
| 2026-08-07 | 26.16x |
| 2026-08-06 | 26.01x |
| 2026-08-05 | 25.61x |
| 2026-08-04 | 25.38x |
| 2026-08-03 | 25.26x |
| 2026-07-31 | 25.02x |
| 2026-07-30 | 24.72x |
| 2026-07-29 | 24.73x |
| 2026-07-28 | 25.29x |
| 2026-07-27 | 25.22x |
| 2026-07-24 | 25.01x |
| 2026-07-23 | 24.67x |
| 2026-07-22 | 24.35x |
| 2026-07-21 | 26.62x |
| 2026-07-20 | 27.13x |
| 2026-07-17 | 27.02x |
| 2026-07-16 | 26.90x |
| 2026-07-15 | 27.18x |
| 2026-07-14 | 27.33x |
| 2026-07-13 | 27.90x |
| 2026-07-10 | 27.80x |
| 2026-07-09 | 27.48x |
| 2026-07-08 | 28.04x |
| 2026-07-07 | 28.21x |
| 2026-07-06 | 28.15x |
| 2026-07-02 | 28.21x |
| 2026-07-01 | 26.95x |
| 2026-06-30 | 26.49x |
| 2026-06-29 | 25.92x |
| 2026-06-26 | 26.09x |
| 2026-06-25 | 26.06x |
| 2026-06-24 | 26.22x |
| 2026-06-23 | 26.66x |
| 2026-06-22 | 26.41x |
| 2026-06-18 | 27.02x |
| 2026-06-17 | 28.25x |
| 2026-06-16 | 28.30x |
| 2026-06-15 | 28.02x |
| 2026-06-12 | 28.26x |
| 2026-06-11 | 28.36x |
| 2026-06-10 | 27.91x |
| 2026-06-09 | 28.19x |
| 2026-06-08 | 27.85x |
| 2026-06-05 | 28.01x |
| 2026-06-04 | 28.04x |
| 2026-06-03 | 27.22x |
| 2026-06-02 | 27.67x |
| 2026-06-01 | 27.78x |
| 2026-05-29 | 28.84x |
| 2026-05-28 | 28.65x |
| 2026-05-27 | 28.31x |
| 2026-05-26 | 28.54x |
| 2026-05-22 | 28.49x |
| 2026-05-21 | 28.32x |
| 2026-05-20 | 28.34x |
| 2026-05-19 | 28.52x |
| 2026-05-18 | 28.25x |
| 2026-05-15 | 27.85x |
| 2026-05-14 | 28.19x |
| 2026-05-13 | 28.33x |
| 2026-05-12 | 28.61x |
| 2026-05-11 | 28.17x |
| 2026-05-08 | 28.23x |
| 2026-05-07 | 28.35x |
| 2026-05-06 | 28.62x |
| 2026-05-05 | 28.62x |
| 2026-05-04 | 28.98x |
| 2026-05-01 | 29.03x |
| 2026-04-30 | 29.52x |
| 2026-04-29 | 29.21x |
| 2026-04-28 | 29.45x |
| 2026-04-27 | 29.34x |
| 2026-04-24 | 29.33x |
| 2026-04-23 | 29.87x |
| 2026-04-22 | 29.96x |
| 2026-04-21 | 31.05x |
| 2026-04-20 | 33.03x |
| 2026-04-17 | 33.38x |
| 2026-04-16 | 33.71x |
| 2026-04-15 | 33.96x |
| 2026-04-14 | 34.03x |
| 2026-04-13 | 34.08x |
| 2026-04-10 | 33.75x |
| 2026-04-09 | 34.48x |
| 2026-04-08 | 34.34x |
| 2026-04-07 | 34.48x |
| 2026-04-06 | 34.70x |
| 2026-04-02 | 34.99x |
| 2026-04-01 | 34.76x |
| 2026-03-31 | 34.12x |
| 2026-03-30 | 33.66x |
| 2026-03-27 | 33.98x |
| 2026-03-26 | 34.54x |
| 2026-03-25 | 34.51x |
| 2026-03-24 | 34.12x |
| 2026-03-23 | 34.02x |
| 2026-03-20 | 35.19x |
| 2026-03-19 | 35.50x |
| 2026-03-18 | 35.96x |
| 2026-03-17 | 35.92x |
| 2026-03-16 | 36.44x |
| 2026-03-13 | 36.34x |
| 2026-03-12 | 36.45x |
| 2026-03-11 | 36.32x |
| 2026-03-10 | 36.40x |
| 2026-03-09 | 36.93x |
| 2026-03-06 | 37.31x |
| 2026-03-05 | 36.61x |
| 2026-03-04 | 37.21x |
| 2026-03-03 | 37.44x |
| 2026-03-02 | 37.83x |
| 2026-02-27 | 35.94x |
| 2026-02-26 | 35.36x |
| 2026-02-25 | 35.04x |
| 2026-02-24 | 36.08x |
| 2026-02-23 | 35.98x |
| 2026-02-20 | 35.90x |
| 2026-02-19 | 36.48x |
| 2026-02-18 | 35.96x |
| 2026-02-17 | 34.93x |
| 2026-02-13 | 35.00x |
| 2026-02-12 | 34.67x |
| 2026-02-11 | 33.97x |
| 2026-02-10 | 34.24x |
| 2026-02-09 | 34.80x |
| 2026-02-06 | 35.28x |
| 2026-02-05 | 34.73x |
| 2026-02-04 | 34.44x |
| 2026-02-03 | 35.10x |
| 2026-02-02 | 34.24x |
| 2026-01-30 | 34.55x |
| 2026-01-29 | 34.69x |
| 2026-01-28 | 34.42x |
| 2026-01-27 | 62.56x |
| 2026-01-26 | 61.17x |
| 2026-01-23 | 62.10x |
| 2026-01-22 | 61.91x |
| 2026-01-21 | 61.42x |
| 2026-01-20 | 60.88x |
| 2026-01-16 | 61.63x |
| 2026-01-15 | 60.67x |
| 2026-01-14 | 60.55x |
| 2026-01-13 | 58.39x |
| 2026-01-12 | 58.69x |
| 2026-01-09 | 57.87x |
| 2026-01-08 | 55.68x |
| 2026-01-07 | 54.60x |
| 2026-01-06 | 57.23x |
| 2026-01-05 | 57.28x |
| 2026-01-02 | 55.27x |
| 2025-12-31 | 54.06x |
| 2025-12-30 | 54.41x |
| 2025-12-29 | 54.66x |
| 2025-12-26 | 54.63x |
| 2025-12-24 | 55.01x |
| 2025-12-23 | 54.84x |
| 2025-12-22 | 55.20x |
| 2025-12-19 | 53.93x |
| 2025-12-18 | 53.23x |
| 2025-12-17 | 53.59x |
| 2025-12-16 | 53.95x |
| 2025-12-15 | 54.50x |
| 2025-12-12 | 54.03x |
| 2025-12-11 | 53.27x |
| 2025-12-10 | 52.90x |
| 2025-12-09 | 52.53x |
| 2025-12-08 | 52.76x |
| 2025-12-05 | 52.40x |
| 2025-12-04 | 52.72x |
| 2025-12-03 | 52.74x |
| 2025-12-02 | 52.25x |
| 2025-12-01 | 52.13x |
| 2025-11-28 | 54.22x |
| 2025-11-26 | 53.82x |
| 2025-11-25 | 54.00x |
| 2025-11-24 | 53.70x |
| 2025-11-21 | 53.79x |
| 2025-11-20 | 53.84x |
| 2025-11-19 | 53.66x |
| 2025-11-18 | 53.80x |
| 2025-11-17 | 53.50x |
| 2025-11-14 | 53.11x |
| 2025-11-13 | 53.11x |
| 2025-11-12 | 53.15x |
| 2025-11-11 | 53.79x |
| 2025-11-10 | 53.50x |
| 2025-11-07 | 53.94x |
| 2025-11-06 | 54.20x |
| 2025-11-05 | 54.09x |
| 2025-11-04 | 54.61x |
| 2025-11-03 | 54.47x |
| 2025-10-31 | 55.10x |
| 2025-10-30 | 54.72x |
| 2025-10-29 | 55.22x |
| 2025-10-28 | 56.01x |
| 2025-10-27 | 56.08x |
| 2025-10-24 | 56.83x |
| 2025-10-23 | 56.84x |
| 2025-10-22 | 56.12x |
| 2025-10-21 | 79.30x |
| 2025-10-20 | 79.59x |
| 2025-10-17 | 78.77x |
| 2025-10-16 | 79.26x |
| 2025-10-15 | 80.36x |
| 2025-10-14 | 82.34x |
| 2025-10-13 | 81.45x |
| 2025-10-10 | 81.96x |
| 2025-10-09 | 83.23x |
| 2025-10-08 | 83.55x |
| 2025-10-07 | 81.76x |
| 2025-10-06 | 81.41x |
| 2025-10-03 | 80.42x |
| 2025-10-02 | 79.93x |
| 2025-10-01 | 79.97x |
| 2025-09-30 | 80.40x |
| 2025-09-29 | 78.71x |
| 2025-09-26 | 78.77x |
| 2025-09-25 | 77.81x |
| 2025-09-24 | 77.86x |
| 2025-09-23 | 76.85x |
| 2025-09-22 | 76.75x |
| 2025-09-19 | 76.41x |
| 2025-09-18 | 76.48x |
| 2025-09-17 | 76.85x |
| 2025-09-16 | 77.10x |
| 2025-09-15 | 76.57x |
| 2025-09-12 | 76.73x |
| 2025-09-11 | 77.50x |
| 2025-09-10 | 77.16x |
| 2025-09-09 | 76.25x |
| 2025-09-08 | 77.38x |
| 2025-09-05 | 77.26x |
| 2025-09-04 | 77.15x |
| 2025-09-03 | 77.28x |
| 2025-09-02 | 78.20x |
| 2025-08-29 | 78.28x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
