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NOCNorthrop Grumman Corporation

Return on Invested Capital (ROIC): 9.21%

Is the return on invested capital (ROIC) high or low?

The return on invested capital (ROIC) of 9.21% is in line with its 5-year average of 9.59%, around the middle of its 5-year range (6.40%–13.36%).

As of Monday, June 29, 2026. 3.05% below its 12-month average of 9.50%.

Return on Invested Capital (ROIC)

NOC Return on Invested Capital (ROIC) Chart

9.21%

Annual fiscal-year return on invested capital; no daily interpolation.

-19.77% 10Y
NOC Return on Invested Capital (ROIC)

NOC Average Return on Invested Capital (ROIC) Chart

NOC Return on Invested Capital (ROIC)

NOC Current vs Average Return on Invested Capital (ROIC) Chart

NOC Return on Invested Capital (ROIC) Metrics

RETURN ON INVESTED CAPITAL (ROIC)

9.21%

RETURN ON INVESTED CAPITAL (ROIC) AVG TTM

9.50%

RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y

8.62%

RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y

9.59%

RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y

10.01%

RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y

10.60%

RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y

9.61%

CURRENT VS TTM AVG

-3.05%

CURRENT VS 3Y AVG

+6.91%

CURRENT VS 5Y AVG

-4.00%

CURRENT VS 10Y AVG

-7.98%

CURRENT VS 15Y AVG

-13.10%

CURRENT VS 20Y AVG

-4.17%

NOC Competitors' Return on Invested Capital (ROIC)

NAMEMARKET CAPRETURN ON INVESTED CAPITAL (ROIC)TTM3Y5Y
Northrop Grumman Corporation (NOC)$71.02B9.21%9.50%8.62%9.59%
Bloom Energy Corporation (BE)vs ›$71.69B1.89%1.48%-6.32%-6.80%
United Rentals, Inc. (URI)vs ›$70.27B10.75%11.25%11.45%10.59%
Norfolk Southern Corporation (NSC)vs ›$70.26B7.47%7.37%7.63%7.86%
Canadian National Railway Company (CNI)vs ›$73.13B8.90%8.82%9.96%9.68%
Cintas Corporation (CTAS)vs ›$68.78B22.95%21.59%19.94%18.17%
TransDigm Group Incorporated (TDG)vs ›$74.09B15.22%14.50%12.67%11.39%
Republic Services, Inc. (RSG)vs ›$66.58B8.83%9.05%8.39%7.99%
FedEx Corporation (FDX)vs ›$76.00B5.95%5.97%5.83%6.14%
Comfort Systems USA, Inc. (FIX)vs ›$65.27B33.59%30.38%24.94%20.63%

Capital Efficiency

ROIC

9.2%

ROE

26.7%

Return on Invested Capital (ROIC) Formula & Definition

ROIC = NOPAT / Invested Capital

Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Return on Invested Capital (ROIC) FAQ

What is the return on invested capital (ROIC) for Northrop Grumman Corporation (NOC)?
The return on invested capital (ROIC) for NOC stock is 9.21%.
Is Northrop Grumman Corporation's return on invested capital (ROIC) high or low?
The return on invested capital (ROIC) of 9.21% is in line with its 5-year average of 9.59%, around the middle of its 5-year range (6.40%–13.36%).
What is the TTM average return on invested capital (ROIC) for Northrop Grumman Corporation (NOC)?
The TTM average return on invested capital (ROIC) for NOC stock is 9.50%.
What is the 3Y average return on invested capital (ROIC) for Northrop Grumman Corporation (NOC)?
The 3Y average return on invested capital (ROIC) for NOC stock is 8.62%.
What is the 5Y average return on invested capital (ROIC) for Northrop Grumman Corporation (NOC)?
The 5Y average return on invested capital (ROIC) for NOC stock is 9.59%.
What is the 10Y average return on invested capital (ROIC) for Northrop Grumman Corporation (NOC)?
The 10Y average return on invested capital (ROIC) for NOC stock is 10.01%.
What is the 15Y average return on invested capital (ROIC) for Northrop Grumman Corporation (NOC)?
The 15Y average return on invested capital (ROIC) for NOC stock is 10.60%.
What is the 20Y average return on invested capital (ROIC) for Northrop Grumman Corporation (NOC)?
The 20Y average return on invested capital (ROIC) for NOC stock is 9.61%.

NOC Return on Invested Capital (ROIC) History

DATERETURN ON INVESTED CAPITAL (ROIC)
2025-12-319.21%
2024-12-319.79%
2023-12-316.40%
2022-12-319.06%
2021-12-3113.36%
2020-12-319.74%
2019-12-3110.62%
2018-12-3110.91%
2017-12-317.50%
2016-12-3112.02%
2015-12-3111.48%
2014-12-3110.89%
2013-12-3110.35%
2012-12-3110.19%
2011-12-3111.49%
2010-12-3112.37%
2009-12-317.38%
2008-12-31-0.48%
2007-12-317.45%
2006-12-316.64%
2005-12-315.36%
2004-12-315.09%
2003-12-314.05%
2002-12-313.09%
2001-12-313.78%
2000-12-3110.14%
1999-12-318.72%
1998-12-316.32%
1997-12-317.59%
1996-12-315.53%

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