Northrop Grumman Corp (NOC)

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. It operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems and Space Systems. The Aeronautics Systems segment designs, develops, produces, integrates, sustains, and modernizes aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic, surveillance and reconnaissance systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems. Its Defense Systems segment designs, develops, integrates, and produces strategic deterrent systems, tactical weapons, and missile defense solutions; and provides sustainment, modernization, and training services for manned and unmanned aircraft and electronics systems. This segment also offers strategic missiles; integrated all-domain command and control systems; precision strike weapons; tactical solid rocket motors, and high-speed air-breathing and hypersonic systems; high-performance gun systems, ammunition, precision munitions, and advanced fuzes; and sustainment, operation, and modernization. The Mission Systems segment provides command, control, communication and computer, intelligence, surveillance, and reconnaissance systems; radar, electro-optical/infrared, and acoustic sensors; electronic warfare systems; advanced communications and network systems; microelectronics; navigation and positioning sensors; maritime power, propulsion, and payload launch systems; cyber solutions; and intelligence processing systems. Its Space Systems segment offers satellites, spacecraft systems, subsystems, sensors, and payloads; ground systems; missile defense systems and interceptors; and launch vehicles and related propulsion systems. The company was founded in 1939 and is based in Falls Church, Virginia.

Symbol
NOC
Exchange
NYSE
Sector
Industrials
Industry
Aerospace & Defense
Market cap
$67.91B
52 week range
470.06 - 774

Valuation

Share price
$478.00 (close of 2026-10-02)
P/E (TTM)
15.17x
Price to book
3.80x
Price to free cash flow
18.62x
Enterprise value
$81.89B
Book value per share
$125.89

Price performance

PeriodChange
1 day-0.83%
5 days-6.37%
1 month-8.75%
3 months-12.93%
6 months-31.96%
Year to date-16.17%
1 year-20.99%
3 years+8.09%
5 years+32.44%
10 years+123.42%
All time+5958.30%

Members of Congress who disclosed NOC trades

Gilbert Ray Cisneros · Lisa McClain · Ritchie Torres · Val Hoyle · Alan Armstrong · Josh Gottheimer · Robert Bresnahan · Sheri Biggs · Steve Cohen

Super investors holding NOC

Ken Griffin (Citadel) · Yacktman Asset Mgmt (Yacktman Asset Management LP) · George Soros (Soros Fund Mgmt) · Ray Dalio (Bridgewater Associates)

Profitability and growth

Return on equity
25.08%
Return on invested capital
12.38%
Return on assets
8.14%
Return on capital employed
12.03%
Gross margin
22.99%
Net margin
9.97%
EBITDA margin
14.26%
Revenue growth
2.24%
Net income growth
0.19%
Free cash flow growth
26.17%

Cash flow and balance sheet

Free cash flow yield (TTM)
5.37%
Current ratio
1.17x
Net debt to EBITDA
1.88x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$41.95B
Cost of revenue
$32.31B
Gross profit
$9.64B
EBITDA
$5.98B
Net income
$4.18B
Earnings per share
$29.14
Research and development
$1.10B
Interest expense
$665.00M
Shares outstanding
143.50M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$41.95B$9.64B$4.18B$29.14
2024-12-31$41.03B$9.46B$4.17B$28.39
2023-12-31$39.29B$7.75B$2.06B$13.57
2022-12-31$36.60B$8.67B$4.90B$31.61
2021-12-31$35.67B$10.35B$7.00B$43.70
2020-12-31$36.80B$8.58B$3.19B$19.08
2019-12-31$33.84B$8.21B$2.25B$13.28
2018-12-31$30.09B$7.55B$3.23B$18.59
2017-12-31$26.00B$13.73B$2.87B$16.45
2016-12-31$24.71B$13.70B$2.04B$11.42

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3122.99%9.97%25.08%12.38%
2024-12-3123.06%10.17%27.30%12.86%
2023-12-3119.73%5.23%13.90%8.21%
2022-12-3123.70%13.38%31.97%10.09%
2021-12-3129.01%19.64%54.19%15.46%
2020-12-3123.31%8.67%30.14%15.83%
2019-12-3124.27%6.64%25.49%16.66%
2018-12-3125.10%10.73%39.44%15.18%
2017-12-3152.81%11.03%40.23%15.43%
2016-12-3155.47%8.27%38.09%26.65%

Cash and debt by year

Period endCashDebt
2025-12-31$4.40B$15.16B
2024-12-31$4.35B$14.69B
2023-12-31$3.11B$13.79B
2022-12-31$2.58B$11.80B
2021-12-31$3.53B$12.78B
2020-12-31$4.91B$14.26B
2019-12-31$2.25B$12.77B
2018-12-31$1.58B$14.40B
2017-12-31$11.22B$15.27B
2016-12-31$2.54B$7.07B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$3.31B$119.00M
2024-12-31$2.62B$101.00M
2023-12-31$2.10B$87.00M
2022-12-31$1.47B$99.00M
2021-12-31$2.15B$94.00M
2020-12-31$2.88B$90.00M
2019-12-31$3.03B$127.00M
2018-12-31$2.58B$86.00M
2017-12-31$1.69B$94.00M
2016-12-31$1.89B$93.00M

Dividend history

Most recent payment
2026-08-31
Paid in the last twelve months
$9.56
Payment dateDividend per share
2026-08-31$2.47
2026-06-01$2.47
2026-02-23$2.31
2025-12-01$2.31
2025-09-02$2.31
2025-06-02$2.31
2025-03-03$2.06
2024-12-02$2.06

Investor relations

Next earnings report

Next confirmed report
2026-10-20
Consensus EPS estimate
$7.26

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-21Jun/2026$6.84
2026-04-21Mar/2026$6.08
2026-01-27Dec/2025$7.00
2025-10-21Sep/2025$6.49
2025-07-22Jun/2025$6.71
2025-04-22Mar/2025$6.21
2025-01-30Dec/2024$6.27
2024-10-24Sep/2024$6.07

Filings and sources

Company website
northropgrumman.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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