FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Y

Three-Statement Breakdown

NOC
2026-06-30 · figures in $M

FCF UP

Free cash flow rose 26% to $3.3B — the highest of its last 8 readings, and covered net income 0.79×.

CASH FROM OPS +8.4%
4,757 11.3% MGN
CAPITAL EXPENDITURE -17.9%
1,450
FREE CASH FLOW +26.2%
3,307
FCF / NET INCOME +25.9%
0.79× TARGET >1.0×
Cash flow FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 YoY TTM 8Q
Net income
3,229 2,248 3,189 7,005 4,896 2,056 4,174 4,182 +0.2% 4,496 2024-09-30 · $1.0B2024-12-31 · $1.3B2025-03-31 · $481.0M2025-06-30 · $1.2B2025-09-30 · $1.1B2025-12-31 · $1.4B2026-03-31 · $875.0M2026-06-30 · $1.1B
Depreciation & amortization
800 1,265 1,267 1,239 1,342 1,338 1,370 1,472 +7.4% 1,524
Stock-based comp
86 127 90 94 99 87 101 119 +17.8% 128
Cash from operations
3,827 4,297 4,305 3,567 2,901 3,875 4,388 4,757 +8.4% 5,078 2024-09-30 · $1.1B2024-12-31 · $2.6B2025-03-31 · -$1.6B2025-06-30 · $868.0M2025-09-30 · $1.6B2025-12-31 · $3.9B2026-03-31 · -$1.7B2026-06-30 · $1.3B
Cash conversion
1.19× 1.91× 1.35× 0.51× 0.59× 1.88× 1.05× 1.14× +8.2% 1.13×
Capital expenditures
(1,249) (1,264) (1,420) (1,415) (1,435) (1,775) (1,767) (1,450) -17.9% (1,432)
Free cash flow
2,578 3,033 2,885 2,152 1,466 2,100 2,621 3,307 +26.2% 3,646 2024-09-30 · $730.0M2024-12-31 · $1.8B2025-03-31 · -$1.8B2025-06-30 · $637.0M2025-09-30 · $1.3B2025-12-31 · $3.2B2026-03-31 · -$1.8B2026-06-30 · $978.0M
FCF margin
8.6% 9.0% 7.8% 6.0% 4.0% 5.3% 6.4% 7.9% +23.4% 8.5%
Cash from investing
-8,878 -1,207 -1,211 2,058 -1,241 -1,582 -1,749 -1,155 — -1,328
Dividends paid
821 880 953 983 1,052 1,116 1,186 1,293 +9.0% 1,343
Share repurchases
1,263 744 490 3,705 1,504 1,500 2,514 1,624 -35.4% 801
Debt repayment
2,276 500 1,027 2,236 0 1,050 0 1,500 — 527
Cash from financing
-4,595 -2,424 -432 -7,002 -2,613 -1,761 -1,395 -3,552 — -3,342
Net change in cash
-9,646 666 2,662 -1,377 -953 532 1,244 50 -96.0% 408
Ending cash balance
1,579 2,245 4,907 3,530 2,577 3,109 4,353 4,403 +1.1% 2,307

Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.

SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM2,621 CASH FROM OPERATIONS+369 CAPITAL EXPENDITURES+317 TO3,307
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-21 ↗