Aureus
COkay

Northrop Grumman Corporation(NOC)

C

Financial data as of Dec 31, 2025Stable · Industrials

FCF Margin7.6%Free Cash Flow / Revenue
Cash Conversion113.7%Operating CF / Net Income
Free Cash Flow$3.3B
Revenue$42.0B
Net Cash-$12.6BNet debt position
Debt / FCF5.3xElevated debt burden
Current Ratio1.10Adequate short-term liquidity
YoY FCF Growth-0.1%3 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseC
→
-0.5Highly volatile FCF (consistency: 7.14)
→
FinalC

Analysis Summary

Strengths

  • Excellent cash conversion (114%)

Concerns

  • Low FCF margin (7.6%)
  • Heavy debt position ($12.6B net debt, 5.3x FCF)
  • High debt-to-FCF ratio (5.3x)
  • Only 3 positive FCF quarters recently
  • Highly volatile quarterly FCF

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin7.6%
Net Margin10.0%
Operating CF Margin11.3%
CapEx Ratio3.5%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$12.6BNet debt position
Debt / FCF5.3xElevated debt burden
Current Ratio1.10Adequate liquidity
Debt / Equity1.02Moderate leverage

Quarterly FCF Trend

-0.1% YoYStable (-0.1%)

Free cash flow per quarter

Sector Comparison — Industrials

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameNorthrop Grumman Corporation
SectorIndustrials
Free Cash Flow$3.3B
Revenue$42.0B
Net Income$4.2B
Operating Cash Flow$4.8B
Capital Expenditure$1.4B
FCF Margin7.6%
Cash Conversion Rate113.7%
Net Margin10.0%
Total Debt$17.0B
Total Cash$4.4B
Net Cash-$12.6B
Current Ratio1.10
Debt / Equity1.02
Debt / FCF5.3x
YoY FCF Growth-0.1%
Positive Quarters3 of 5
Trend DirectionStable
Report DateDec 31, 2025
GradeC
Data SourceYahoo Finance