NOC · Northrop Grumman Corp /De/ - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · NOC

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$41.95B	$41.03B	$39.29B	$36.60B	$35.67B	$36.80B
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	$1.10B	$1.10B	$1.20B	$1.20B	$1.10B	$1.10B
SG&A	$4.03B	$3.99B	$4.01B	$3.87B	$3.60B	$3.41B
Total Operating Expenses	$37.67B	$36.66B	$36.75B	$33.00B	$32.73B	-
D&A	$1.47B	$1.37B	$1.34B	$1.34B	$1.24B	$1.27B
Operating Income	$4.51B	$4.37B	$2.54B	$3.60B	$5.65B	$4.07B
Interest Expense	-	-	-	-	-	-
Income Tax	$886.00M	$842.00M	$290.00M	$940.00M	$1.93B	$539.00M
Net Income	$4.18B	$4.17B	$2.06B	$4.90B	$7.00B	$3.19B
EPS - Basic	$29.14	$28.39	$13.57	$31.61	$43.70	$19.08
EPS - Diluted	$29.08	$28.34	$13.53	$31.47	$43.54	$19.03

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$4.40B	$4.35B	$3.11B	$2.58B	$3.53B	$4.91B
Accounts Receivable	$1.38B	$1.27B	$1.45B	$1.51B	$1.47B	$1.50B
Inventory	$1.31B	$1.46B	$1.11B	$978.00M	$811.00M	$759.00M
Accounts Payable	$3.24B	$2.60B	$2.11B	$2.59B	$2.20B	$1.81B
Current Assets	$15.29B	$14.27B	$13.71B	$12.49B	$12.43B	$15.34B
Total Assets	$51.38B	$49.36B	$46.54B	$43.76B	$42.58B	$44.47B
Current Liabilities	$13.88B	$14.13B	$11.94B	$11.59B	$9.53B	$9.58B
Long-term Debt	$15.16B	$14.69B	$13.79B	$11.80B	$12.78B	$14.26B
Total Liabilities	$34.70B	$34.07B	$31.75B	$28.44B	$29.65B	$33.89B
Stockholders' Equity	$16.67B	$15.29B	$14.79B	$15.31B	$12.93B	$10.58B
Retained Earnings	$16.66B	$15.30B	$14.77B	$15.31B	$12.91B	$10.48B

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$4.76B	$4.39B	$3.88B	$2.90B	$3.57B	$4.30B
Investing Cash Flow	($1.16B)	($1.75B)	($1.58B)	($1.24B)	$2.06B	($1.21B)
Financing Cash Flow	($3.55B)	($1.40B)	($1.76B)	($2.61B)	($7.00B)	($432.00M)
CapEx	$1.45B	$1.77B	$1.77B	$1.44B	$1.42B	$1.42B
Free Cash Flow	$3.31B	$2.62B	$2.10B	$1.47B	$2.15B	$2.88B

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	10.8%	10.6%	6.5%	9.8%	15.8%	11.0%
EBITDA margin	14.3%	14.0%	9.9%	13.5%	19.3%	14.5%
Net margin	10.0%	10.2%	5.2%	13.4%	19.6%	8.7%
Free cash flow margin	7.9%	6.4%	5.3%	4.0%	6.0%	7.8%
FCF / Net income	0.79	0.63	1.02	0.30	0.31	0.90
R&D / Revenue	2.6%	2.7%	3.1%	3.3%	3.1%	3.0%
SG&A / Revenue	9.6%	9.7%	10.2%	10.6%	10.1%	9.3%
Effective tax rate	17.5%	16.8%	12.4%	16.1%	21.6%	14.5%
Return on assets	8.1%	8.5%	4.4%	11.2%	16.5%	7.2%
Return on equity	25.1%	27.3%	13.9%	32.0%	54.2%	30.1%
Return on invested capital	11.7%	12.1%	7.8%	11.1%	17.2%	14.0%
Liquidity
Current ratio	1.10	1.01	1.15	1.08	1.30	1.60
Quick ratio	1.01	0.91	1.05	0.99	1.22	1.52
Cash ratio	0.32	0.31	0.26	0.22	0.37	0.51
Leverage
Debt / Equity	0.91	0.96	0.93	0.77	0.99	1.35
Debt / Assets	0.30	0.30	0.30	0.27	0.30	0.32
Debt / EBITDA	2.53	2.56	3.56	2.39	1.85	2.67
Interest coverage	-	-	-	-	-	-
Equity multiplier	3.08	3.23	3.15	2.86	3.29	4.20
Liabilities / Assets	0.68	0.69	0.68	0.65	0.70	0.76
Efficiency
Asset turnover	0.82	0.83	0.84	0.84	0.84	0.83
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	12d	11d	14d	15d	15d	15d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	19.6x	16.6x	34.6x	17.3x	8.9x	16.0x
P / B	4.9x	4.5x	4.8x	5.5x	4.8x	4.8x
P / S	2.0x	1.7x	1.8x	2.3x	1.7x	1.4x
EV / EBITDA	15.5x	13.8x	21.1x	19.0x	10.4x	11.3x
Growth
Revenue growth (YoY)	2.2%	4.4%	7.3%	2.6%	-3.1%	8.7%
Revenue CAGR (3y)	4.7%	4.8%	2.2%	2.6%	13.0%	12.6%
Revenue CAGR (5y)	2.7%	3.9%	9.7%	7.2%	7.8%	9.4%
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	3.2%	72.3%	-29.5%	-36.3%	39.0%	2.4%
Net income growth (YoY)	0.2%	103.0%	-58.0%	-30.1%	119.7%	41.9%
EPS growth (YoY)	2.6%	109.5%	-57.0%	-27.7%	128.8%	43.9%
EPS CAGR (3y)	-2.6%	-13.3%	-10.7%	33.5%	33.0%	18.4%
EPS CAGR (5y)	8.9%	16.5%	-6.1%	22.4%	29.0%	12.9%
FCF growth (YoY)	26.2%	24.8%	43.2%	-31.9%	-25.4%	-4.9%
FCF CAGR (5y)	2.8%	-2.9%	-4.0%	-2.7%	2.6%	11.3%
Book value growth (YoY)	9.1%	3.3%	-3.4%	18.5%	22.2%	20.0%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$44.27B total

Aeronautics Systems$12.99B · 29.3%

Mission Systems$12.51B · 28.2%

Space Systems$10.77B · 24.3%

Defense Systems$8.00B · 18.1%

Product / service

$41.95B total

Product$33.74B · 80.4%

Service$8.21B · 19.6%

Geographic

$12.82B total

US$10.50B · 81.9%

Europe$1.32B · 10.3%

Asia Pacific$920.00M · 7.2%

All Other Geographic Region Domain$85.00M · 0.7%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

1.58

Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

5/9

Neutral

✓Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
✗Long-term debt decreased
✓Current ratio improved
✓No share dilution
-Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Search, Detection, Navigation, Guidance, Aeronautical Sys

Company	Revenue (last FY)	Net margin	ROE
GRMN	$7.25B	23.0%	18.5%
LHX	$967.00M	166.1%	8.2%
NN	$4.57M	-4138.5%	219.5%
TDY	$6.12B	14.6%	8.5%
DRS	$3.65B	7.6%	10.2%

Comparing NORTHROP GRUMMAN CORP /DE/ against the 5 most active filers in the same SIC group.

Dividends

$9.40/share trailing 12 months · +10.7% YoY

Ex-date	Per share
Jun 1, 2026	$2.4700
Feb 23, 2026	$2.3100
Dec 1, 2025	$2.3100
Sep 2, 2025	$2.3100
Jun 2, 2025	$2.3100
Mar 3, 2025	$2.0600
Dec 2, 2024	$2.0600
Sep 3, 2024	$2.0600
May 24, 2024	$2.0600
Feb 23, 2024	$1.8700
Nov 24, 2023	$1.8700
Aug 25, 2023	$1.8700
May 26, 2023	$1.8700
Feb 24, 2023	$1.7300
Nov 25, 2022	$1.7300
Aug 26, 2022	$1.7300
May 27, 2022	$1.7300
Feb 25, 2022	$1.5700
Nov 26, 2021	$1.5700
Aug 27, 2021	$1.5700
May 28, 2021	$1.5700
Feb 26, 2021	$1.4500
Nov 27, 2020	$1.4500
Aug 28, 2020	$1.4500