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.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.88B | - | $10.42B | $10.35B | $9.47B | - | $10.00B | $10.22B | $10.13B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $971.00M | - | $985.00M | $1.02B | $1.01B | - | $986.00M | $1.10B | $1.06B | - |
| Total Operating Expenses | $8.89B | - | $9.18B | $9.16B | $8.89B | - | $8.88B | $9.13B | $9.06B | - |
| D&A | $372.00M | - | $331.00M | $326.00M | $337.00M | - | - | - | $299.00M | - |
| Operating Income | $989.00M | - | $1.24B | $1.43B | $573.00M | - | $1.12B | $1.09B | $1.07B | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $155.00M | - | $223.00M | $253.00M | $97.00M | - | $162.00M | $206.00M | $187.00M | - |
| Net Income | $875.00M | - | $1.10B | $1.17B | $481.00M | - | $1.03B | $940.00M | $944.00M | - |
| EPS - Basic | $6.16 | - | $7.69 | $8.17 | $3.33 | - | $7.02 | $6.37 | $6.34 | - |
| EPS - Diluted | $6.14 | - | $7.67 | $8.15 | $3.32 | - | $7.00 | $6.36 | $6.32 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.09B | $4.40B | $1.96B | $1.90B | $4.35B | $4.35B | $3.33B | $3.27B | $3.06B | $3.11B |
| Accounts Receivable | $1.81B | $1.38B | $1.98B | $2.20B | $1.80B | $1.27B | $1.61B | $1.69B | $1.83B | $1.45B |
| Inventory | $1.45B | $1.31B | $1.61B | $1.55B | $1.58B | $1.46B | $1.65B | $1.50B | $1.37B | $1.11B |
| Accounts Payable | $2.68B | $3.24B | $2.80B | $2.59B | $2.50B | $2.60B | $2.52B | $2.35B | $2.58B | $2.11B |
| Current Assets | $14.77B | $15.29B | $14.11B | $14.03B | $13.27B | $14.27B | $14.33B | $14.27B | $14.80B | $13.71B |
| Total Assets | $50.01B | $51.38B | $49.30B | $49.45B | $48.47B | $49.36B | $48.29B | $47.67B | $47.82B | $46.54B |
| Current Liabilities | $12.82B | $13.88B | $12.72B | $13.46B | $13.97B | $14.13B | $13.10B | $12.91B | $13.13B | $11.94B |
| Long-term Debt | $14.41B | $15.16B | $15.16B | $15.16B | $14.17B | $14.69B | $14.69B | $14.71B | $14.74B | $13.79B |
| Total Liabilities | $32.89B | $34.70B | $33.31B | $33.98B | $33.48B | $34.07B | $33.54B | $33.37B | $33.59B | $31.75B |
| Stockholders' Equity | $17.11B | $16.67B | $15.99B | $15.47B | $14.98B | $15.29B | $14.75B | $14.30B | $14.22B | $14.79B |
| Retained Earnings | $17.10B | $16.66B | $15.97B | $15.45B | $14.98B | $15.30B | $14.74B | $14.30B | $14.22B | $14.77B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($1.66B) | - | - | - | ($1.56B) | - | - | - | ($706.00M) | - |
| Investing Cash Flow | ($168.00M) | - | - | - | ($252.00M) | - | - | - | ($269.00M) | - |
| Financing Cash Flow | ($489.00M) | - | - | - | ($851.00M) | - | - | - | $927.00M | - |
| CapEx | $167.00M | - | $361.00M | $231.00M | $256.00M | - | - | - | $270.00M | - |
| Free Cash Flow | ($1.82B) | - | - | - | ($1.82B) | - | - | - | ($976.00M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 10.0% | - | 11.9% | 13.8% | 6.1% | - | 11.2% | 10.7% | 10.6% | - |
| EBITDA margin | 13.8% | - | 15.1% | 16.9% | 9.6% | - | - | - | 13.5% | - |
| Net margin | 8.9% | - | 10.6% | 11.3% | 5.1% | - | 10.3% | 9.2% | 9.3% | - |
| Free cash flow margin | -18.4% | - | - | - | -19.2% | - | - | - | -9.6% | - |
| FCF / Net income | -2.08 | - | - | - | -3.79 | - | - | - | -1.03 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 9.8% | - | 9.5% | 9.8% | 10.6% | - | 9.9% | 10.8% | 10.5% | - |
| Effective tax rate | 15.0% | - | 16.9% | 17.7% | 16.8% | - | 13.6% | 18.0% | 16.5% | - |
| Return on assets | 1.7% | - | 2.2% | 2.4% | 1.0% | - | 2.1% | 2.0% | 2.0% | - |
| Return on equity | 5.1% | - | 6.9% | 7.6% | 3.2% | - | 7.0% | 6.6% | 6.6% | - |
| Return on invested capital | 2.7% | - | 3.3% | 3.8% | 1.6% | - | 3.3% | 3.1% | 3.1% | - |
| Liquidity | ||||||||||
| Current ratio | 1.15 | 1.10 | 1.11 | 1.04 | 0.95 | 1.01 | 1.09 | 1.11 | 1.13 | 1.15 |
| Quick ratio | 1.04 | 1.01 | 0.98 | 0.93 | 0.84 | 0.91 | 0.97 | 0.99 | 1.02 | 1.05 |
| Cash ratio | 0.16 | 0.32 | 0.15 | 0.14 | 0.31 | 0.31 | 0.25 | 0.25 | 0.23 | 0.26 |
| Leverage | ||||||||||
| Debt / Equity | 0.84 | 0.91 | 0.95 | 0.98 | 0.95 | 0.96 | 1.00 | 1.03 | 1.04 | 0.93 |
| Debt / Assets | 0.29 | 0.30 | 0.31 | 0.31 | 0.29 | 0.30 | 0.30 | 0.31 | 0.31 | 0.30 |
| Debt / EBITDA | 10.59 | - | 9.64 | 8.66 | 15.57 | - | - | - | 10.76 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.92 | 3.08 | 3.08 | 3.20 | 3.23 | 3.23 | 3.27 | 3.33 | 3.36 | 3.15 |
| Liabilities / Assets | 0.66 | 0.68 | 0.68 | 0.69 | 0.69 | 0.69 | 0.69 | 0.70 | 0.70 | 0.68 |
| Efficiency | ||||||||||
| Asset turnover | 0.20 | - | 0.21 | 0.21 | 0.20 | - | 0.21 | 0.21 | 0.21 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 67d | - | 69d | 77d | 70d | - | 59d | 61d | 66d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 111.1x | - | 79.4x | 61.3x | 154.2x | - | 75.4x | 68.5x | 75.7x | - |
| P / B | 5.7x | - | 5.5x | 4.7x | 5.0x | - | 5.2x | 4.5x | 5.0x | - |
| P / S | 9.8x | - | 8.4x | 7.0x | 7.8x | - | 7.7x | 6.3x | 7.1x | - |
| EV / EBITDA | 80.5x | - | 64.0x | 48.7x | 92.3x | - | - | - | 60.7x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 4.4% | - | 4.3% | 1.3% | -6.6% | - | 2.3% | 6.7% | 8.9% | - |
| Revenue CAGR (3y) | 2.0% | - | 5.1% | 5.6% | 2.5% | - | 4.7% | 3.7% | 3.4% | - |
| Revenue CAGR (5y) | 1.5% | - | 2.8% | 3.1% | 1.9% | - | 3.4% | 3.9% | 4.4% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 72.6% | - | 10.9% | 30.7% | -46.5% | - | 10.2% | 12.7% | 13.1% | - |
| Net income growth (YoY) | 81.9% | - | 7.2% | 24.9% | -49.0% | - | 9.5% | 15.8% | 12.1% | - |
| EPS growth (YoY) | 84.9% | - | 9.6% | 28.1% | -47.5% | - | 13.3% | 19.1% | 14.9% | - |
| EPS CAGR (3y) | 3.7% | - | 9.2% | 10.4% | -18.4% | - | 1.8% | -0.3% | -22.2% | - |
| EPS CAGR (5y) | -14.5% | - | 5.4% | 6.3% | -8.4% | - | 5.0% | 4.7% | 4.5% | - |
| FCF growth (YoY) | -0.1% | - | - | - | -86.6% | - | - | - | 3.5% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 14.2% | 9.1% | 8.4% | 8.2% | 5.4% | 3.3% | -7.4% | -7.7% | -6.0% | -3.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$44.27B totalAeronautics 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 totalProduct$33.74B · 80.4%
Service$8.21B · 19.6%
Geographic
$12.82B totalUS$10.50B · 81.9%
Europe$1.32B · 10.3%
Asia Pacific$920.00M · 7.2%
All Other Geographic Region Domain$85.00M · 0.7%
Peer comparison
Same SIC group: Search, Detection, Navigation, Guidance, Aeronautical Sys
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 |