Operating Cash Flow CAGR:32.22%(TTM)
Operating cash flow CAGR uses precomputed cash-flow statement history (cash from operations, before capital expenditures).
Over longer horizons, Operating Cash Flow CAGR averages 20.19% over 3 years and -2.26% over 5 years.The TTM figure compares the trailing 12 months (sum of the latest four quarters) with the 12 months before that. Rows in the history table compare fiscal years, and the quarterly table compares single quarters; the three measure different windows and will differ. Operating cash flow CAGR measures the compound annual growth rate of the cash Northrop Grumman Corporation generates from its core business operations, before capital expenditures, computed from rolling-twelve-month cash-flow statement history.
NOC Operating Cash Flow CAGR Chart
Northrop Grumman Corporation (NOC)
NOC Quarterly Operating Cash Flow Growth (YoY)
Operating Cash Flow growth vs the same quarter one year earlier, last 20 quarters.
NOC Operating Cash Flow CAGR History
| Year | Start OCF | End OCF | Change | % Change | CAGR |
|---|---|---|---|---|---|
| 2025 | $4.39B | $4.76B | +$369.00M | +8.41% | +8.41% |
| 2024 | $3.88B | $4.39B | +$513.00M | +13.24% | +13.24% |
| 2023 | $2.90B | $3.88B | +$974.00M | +33.57% | +33.57% |
| 2022 | $3.57B | $2.90B | $-666.00M | -18.67% | -18.67% |
| 2021 | $4.30B | $3.57B | $-738.00M | -17.14% | -17.14% |
| 2020 | $4.30B | $4.30B | +$8.00M | +0.19% | +0.19% |
| 2019 | $3.83B | $4.30B | +$470.00M | +12.28% | +12.28% |
| 2018 | $2.61B | $3.83B | +$1.21B | +46.46% | +46.46% |
| 2017 | $2.81B | $2.61B | $-200.00M | -7.11% | -7.11% |
| 2016 | $2.16B | $2.81B | +$651.00M | +30.11% | +30.11% |
| 2015 | $2.59B | $2.16B | $-431.00M | -16.62% | -16.62% |
| 2014 | $2.48B | $2.59B | +$110.00M | +4.43% | +4.43% |
| 2013 | $2.64B | $2.48B | $-157.00M | -5.95% | -5.95% |
| 2012 | $2.12B | $2.64B | +$525.00M | +24.82% | +24.82% |
| 2011 | $2.45B | $2.12B | $-338.00M | -13.78% | -13.78% |
| 2010 | $2.13B | $2.45B | +$320.00M | +15.00% | +15.00% |
| 2009 | $3.21B | $2.13B | $-1.08B | -33.57% | -33.57% |
| 2008 | $2.89B | $3.21B | +$321.00M | +11.11% | +11.11% |
| 2007 | $1.76B | $2.89B | +$1.13B | +64.58% | +64.58% |
| 2006 | $2.63B | $1.76B | $-871.00M | -33.16% | -33.16% |
| 2005 | $1.94B | $2.63B | +$691.00M | +35.69% | +35.69% |
| 2004 | $798.00M | $1.94B | +$1.14B | +142.61% | +142.61% |
| 2003 | $1.69B | $798.00M | $-891.00M | -52.75% | -52.75% |
| 2002 | $817.00M | $1.69B | +$872.00M | +106.73% | +106.73% |
| 2001 | $1.01B | $817.00M | $-193.00M | -19.11% | -19.11% |
| 2000 | $1.21B | $1.01B | $-197.00M | -16.32% | -16.32% |
| 1999 | $244.00M | $1.21B | +$963.00M | +394.67% | +394.67% |
| 1998 | $730.00M | $244.00M | $-486.00M | -66.58% | -66.58% |
| 1997 | $701.00M | $730.00M | +$29.00M | +4.14% | +4.14% |
Quarterly Operating Cash Flow: QoQ & YoY
| Quarter | Value | QoQ | YoY |
|---|---|---|---|
| Q1 2026 | -$1.66B | — | -5.8% |
| Q4 2025 | $3.90B | +150.3% | +51.2% |
| Q3 2025 | $1.56B | +79.4% | +42.7% |
| Q2 2025 | $868.00M | — | -39.1% |
| Q1 2025 | -$1.56B | — | -121.7% |
| Q4 2024 | $2.58B | +136.3% | +6.1% |
| Q3 2024 | $1.09B | -23.4% | -11.2% |
| Q2 2024 | $1.43B | — | +55.1% |
| Q1 2024 | -$706.00M | — | -0.6% |
| Q4 2023 | $2.43B | +97.9% | +8.0% |
| Q3 2023 | $1.23B | +33.6% | -8.0% |
| Q2 2023 | $919.00M | — | — |
| Q1 2023 | -$702.00M | — | -43.9% |
| Q4 2022 | $2.25B | +68.6% | +56.1% |
| Q3 2022 | $1.33B | — | +14.8% |
| Q2 2022 | -$197.00M | +59.6% | — |
QoQ = change vs the prior quarter; YoY = change vs the same quarter a year earlier.
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.
- Sector
- Industrials
- Industry
- Aerospace & Defense
- CEO
- Kathy J. Warden