Northrop Grumman Corporation logo

Northrop Grumman Corporation

NOC

NYSEIndustrialsAerospace & Defense

Latest quote

$551.11

−$12.83 · -2.28%

Aug 21, 3:55 PM ET

NOC company overview

Regular session · ET · Market data may be delayed.

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AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

100

Deep Value

Momentum

38

Weakening

Sentiment

72

Bullish

Risk resilience

67

Moderate Risk

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Company profile

Company website

Northrop Grumman Corporation is a leading global player in the aerospace and defense sectors. Its Aeronautics Systems division is responsible for the full lifecycle of aircraft, from design and development to production, integration, and ongoing maintenance. This includes a diverse portfolio of crewed and uncrewed aerial platforms: advanced strategic long-range strike aircraft, tactical fighter and air superiority jets, and sophisticated airborne systems for battle management and command and control. Additionally, it specializes in autonomous uncrewed aircraft systems, such as high-altitude, long-endurance strategic intelligence, surveillance, and reconnaissance (ISR) platforms, alongside vertical take-off and landing tactical ISR systems. The Defense Systems segment focuses on creating and delivering a wide array of weapons and mission technologies. Its offerings encompass integrated battle management solutions, various weapons platforms, and specialized aircraft. Key products include command and control systems, munitions, and missiles, alongside precision strike capabilities. The segment is also at the forefront of propulsion technologies, offering both air-breathing and advanced hypersonic systems, as well as sophisticated gun systems and precision munitions. Beyond products, it provides comprehensive life-cycle support, including software services, ongoing maintenance, logistics, operational assistance, and modernization efforts for air, sea, and ground-based defense systems. Within its Mission Systems division, Northrop Grumman delivers critical capabilities spanning cybersecurity, C4ISR (command, control, communications, computers, intelligence, surveillance, and reconnaissance). This includes developing advanced sensing technologies such as radar, electro-optical/infrared, and acoustic sensors, alongside electronic warfare systems. The division also provides cutting-edge communications and networking solutions, intelligence processing, navigation systems, and maritime power, propulsion, and payload launch systems. Furthermore, it supplies airborne multifunction sensors, integrated maritime and land-based systems, targeting and survivability solutions, and robust networked information platforms. The Space Systems segment is a key provider of space-based solutions, delivering satellites and their associated payloads, along with essential ground control systems. It specializes in missile defense systems, including interceptors, and offers a range of launch vehicles with their propulsion components, as well as strategic missile technologies. Established in 1939, the corporation maintains its headquarters in Falls Church, Virginia.

Industry
Aerospace & Defense
Sector
Industrials
Headquarters
US
CEO
Kathy J. Warden
Listed since
Dec 31, 1981
Employees
95,000

Market position

Volume
683.44K
0.75× average
Average volume
913.3K
Average daily volume
Market cap
78.28B USD
Beta
-0.11
Market reference 1

Financials

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends22%16%10%4%Gross margin, FY2021: 20.38%Gross margin, FY2022: 20.42%Gross margin, FY2023: 16.67%Gross margin, FY2024: 20.38%Gross margin, FY2025: 19.81%Operating margin, FY2021: 15.84%Operating margin, FY2022: 9.84%Operating margin, FY2023: 6.46%Operating margin, FY2024: 10.65%Operating margin, FY2025: 10.20%Net margin, FY2021: 19.64%Net margin, FY2022: 13.38%Net margin, FY2023: 5.23%Net margin, FY2024: 10.17%Net margin, FY2025: 9.97%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 20.38%. Gross margin FY2022 20.42%. Gross margin FY2023 16.67%. Gross margin FY2024 20.38%. Gross margin FY2025 19.81%. Operating margin FY2021 15.84%. Operating margin FY2022 9.84%. Operating margin FY2023 6.46%. Operating margin FY2024 10.65%. Operating margin FY2025 10.20%. Net margin FY2021 19.64%. Net margin FY2022 13.38%. Net margin FY2023 5.23%. Net margin FY2024 10.17%. Net margin FY2025 9.97%.

Income trends

Revenue

41.95B USD+2.24%

Operating income

4.28B USD-2.06%

Net income

4.18B USD+0.19%
Income trends across reported periods45.94B USD29.98B USD14.03B USD−1.93B USDRevenue, FY2021: 35.67B USDRevenue, FY2022: 36.6B USDRevenue, FY2023: 39.29B USDRevenue, FY2024: 41.03B USDRevenue, FY2025: 41.95B USDOperating income, FY2021: 5.65B USDOperating income, FY2022: 3.6B USDOperating income, FY2023: 2.54B USDOperating income, FY2024: 4.37B USDOperating income, FY2025: 4.28B USDNet income, FY2021: 7.01B USDNet income, FY2022: 4.9B USDNet income, FY2023: 2.06B USDNet income, FY2024: 4.17B USDNet income, FY2025: 4.18B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 35.67B USD. Revenue FY2022 36.6B USD. Revenue FY2023 39.29B USD. Revenue FY2024 41.03B USD. Revenue FY2025 41.95B USD. Operating income FY2021 5.65B USD. Operating income FY2022 3.6B USD. Operating income FY2023 2.54B USD. Operating income FY2024 4.37B USD. Operating income FY2025 4.28B USD. Net income FY2021 7.01B USD. Net income FY2022 4.9B USD. Net income FY2023 2.06B USD. Net income FY2024 4.17B USD. Net income FY2025 4.18B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue41.95B USD41.03B USD39.29B USD36.6B USD35.67B USD
Cost of goods sold33.64B USD32.67B USD32.74B USD29.13B USD28.4B USD
Gross profit8.31B USD8.36B USD6.55B USD7.47B USD7.27B USD
Research and development1.1B USD1.1B USD1.2B USD1.2B USD1.1B USD
Selling, general, and administrative4.03B USD2.89B USD3.91B USD1.14B USD227M USD
Operating expenses4.03B USD3.99B USD4.01B USD3.87B USD1.62B USD
Interest expense665M USD621M USD545M USD506M USD556M USD
Depreciation and amortization1.47B USD1.37B USD1.34B USD1.34B USD1.24B USD
Operating income4.28B USD4.37B USD2.54B USD3.6B USD5.65B USD
Net income4.18B USD4.17B USD2.06B USD4.9B USD7.01B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 1 miss, 0 met estimates
Average EPS surprise
+3.09%
11 comparable reports
Latest EPS result
7.68
Estimate 6.82 · Beat by 12.61%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates8.036.344.662.97Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 6.39, estimate 6.35, surprise +0.63%, Beat. Q2 2025, reported Apr 22, 2025: actual 3.32, estimate 6.24, surprise -46.79%, Miss. Q3 2025, reported Jul 22, 2025: actual 7.11, estimate 6.92, surprise +2.75%, Beat. Q4 2025, reported Oct 21, 2025: actual 7.67, estimate 6.44, surprise +19.10%, Beat. Q1 2026, reported Jan 27, 2026: actual 7.23, estimate 6.98, surprise +3.58%, Beat. Q2 2026, reported Apr 21, 2026: actual 6.14, estimate 6.06, surprise +1.32%, Beat. Q3 2026, reported Jul 21, 2026: actual 7.68, estimate 6.82, surprise +12.61%, Beat. Q4 2026, reported Oct 20, 2026: actual —, estimate 7.17, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates12.18B11.12B10.06B9BQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 10.69B USD, estimate 10.97B USD, surprise -2.55%, Miss. Q2 2025, reported Apr 22, 2025: actual 9.47B USD, estimate 9.92B USD, surprise -4.57%, Miss. Q3 2025, reported Jul 22, 2025: actual 10.35B USD, estimate 10.06B USD, surprise +2.86%, Beat. Q4 2025, reported Oct 21, 2025: actual 10.42B USD, estimate 10.72B USD, surprise -2.75%, Miss. Q1 2026, reported Jan 27, 2026: actual 11.71B USD, estimate 11.62B USD, surprise +0.78%, Beat. Q2 2026, reported Apr 21, 2026: actual 9.88B USD, estimate 9.75B USD, surprise +1.34%, Beat. Q3 2026, reported Jul 21, 2026: actual 10.88B USD, estimate 10.8B USD, surprise +0.69%, Beat. Q4 2026, reported Oct 20, 2026: actual —, estimate 11.13B USD, surprise —, Comparison unavailable.

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