NOC Stock - Northrop Grumman Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $41.03B | $39.29B | $36.60B | $35.67B | $36.80B |
| Gross Profit | $8.36B | $6.55B | $7.47B | $7.27B | $7.48B |
| Gross Margin | 20.4% | 16.7% | 20.4% | 20.4% | 20.3% |
| Operating Income | $4.37B | $2.54B | $3.60B | $5.65B | $4.07B |
| Net Income | $4.17B | $2.06B | $4.90B | $7.00B | $3.19B |
| Net Margin | 10.2% | 5.2% | 13.4% | 19.6% | 8.7% |
| EPS | $28.39 | $13.57 | $31.61 | $43.70 | $19.08 |
Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR 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, and produces weapons and mission systems. It offers products and services, such as integrated battle management systems, weapons systems and aircraft, and mission systems. This segment also provides command and control and weapons systems, including munitions and missiles; precision strike weapons; propulsion, such as air-breathing and hypersonic systems; gun systems and precision munitions; life cycle service and support for software, weapons systems, and aircraft; and logistics support, sustainment, operation, and modernization for air, sea, and ground systems. The company's Mission Systems segment offers cyber, command, control, communications and computers, intelligence, surveillance, and reconnaissance systems; radar, electro-optical/infrared and acoustic sensors; electronic warfare systems; advanced communications and network systems; cyber solutions; intelligence processing systems; navigation; and maritime power, propulsion, and payload launch systems. This segment also provides airborne multifunction sensors; maritime/land systems and sensors; navigation, targeting, and survivability solutions; and networked information solutions. Its Space Systems segment offers satellites and payloads; ground systems; missile defense systems and interceptors; launch vehicles and related propulsion systems; and strategic missiles. The company was founded in 1939 and is based in Falls Church, Virginia.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 15th 2025 | Alembic Global Advisors | Upgrade | Overweight | $662 |
| December 12th 2025 | Citigroup | Initiation | Buy | $654 |
| November 18th 2025 | BNP Paribas Exane | Initiation | Outperform | $710 |
| October 8th 2025 | Deutsche Bank | Upgrade | Buy | $700 |
| July 8th 2025 | Deutsche Bank | Downgrade | Hold | $542 |
| April 11th 2025 | Goldman | Upgrade | Neutral | $521 |
| March 27th 2025 | RBC Capital Mkts | Upgrade | Outperform | $575← $500 |
| February 3rd 2025 | Wolfe Research | Upgrade | Peer Perform | - |
| January 21st 2025 | Citigroup | Upgrade | Buy | $587 |
| January 14th 2025 | Truist | Initiation | Buy | $544 |
| January 8th 2025 | Wells Fargo | Upgrade | Overweight | $595 |
| August 27th 2024 | Alembic Global Advisors | Downgrade | Neutral | $560 |
| July 29th 2024 | Deutsche Bank | Upgrade | Buy | $575← $474 |
| June 26th 2024 | BTIG Research | Initiation | Buy | $565 |
| June 21st 2024 | Bernstein | Downgrade | Market Perform | $477 |
Earnings History & Surprises
NOCEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 20, 2026 | — | — | — | — |
Q1 2026 | Jan 27, 2026 | $7.03 | — | — | — |
Q4 2025 | Oct 21, 2025 | $6.44 | $7.67 | +19.1% | ✓ BEAT |
Q3 2025 | Jul 22, 2025 | $6.92 | $7.11 | +2.7% | ✓ BEAT |
Q2 2025 | Apr 22, 2025 | $6.24 | $6.06 | -2.9% | ✗ MISS |
Q1 2025 | Jan 30, 2025 | $6.35 | $6.39 | +0.6% | ✓ BEAT |
Q4 2024 | Oct 24, 2024 | $6.07 | $7.00 | +15.3% | ✓ BEAT |
Q3 2024 | Jul 25, 2024 | $5.93 | $6.36 | +7.3% | ✓ BEAT |
Q2 2024 | Apr 25, 2024 | $5.79 | $6.32 | +9.2% | ✓ BEAT |
Q1 2024 | Jan 25, 2024 | $5.75 | $6.27 | +9.0% | ✓ BEAT |
Q4 2023 | Oct 26, 2023 | $5.81 | $6.18 | +6.4% | ✓ BEAT |
Q3 2023 | Jul 27, 2023 | $5.33 | $5.34 | +0.2% | ✓ BEAT |
Q2 2023 | Apr 27, 2023 | $5.09 | $5.50 | +8.1% | ✓ BEAT |
Q1 2023 | Jan 26, 2023 | $6.60 | $7.50 | +13.6% | ✓ BEAT |
Q4 2022 | Oct 27, 2022 | $6.11 | $5.89 | -3.6% | ✗ MISS |
Q3 2022 | Jul 28, 2022 | $6.10 | $6.39 | +4.8% | ✓ BEAT |
Q2 2022 | Apr 28, 2022 | $5.96 | $6.10 | +2.3% | ✓ BEAT |
Q1 2022 | Jan 27, 2022 | $5.95 | $6.00 | +0.8% | ✓ BEAT |
Q4 2021 | Oct 28, 2021 | $5.99 | $6.63 | +10.7% | ✓ BEAT |
Q3 2021 | Jul 29, 2021 | $5.84 | $6.42 | +9.9% | ✓ BEAT |
Latest News
Northrop Grumman Selected For Space Development Agency's TRKT3 Mission; Northrop Grumman Is Set To Deliver 150 Satellites As Part Of Tranches 1, 2 And 3 For The Space Development Agency's Missile Defense Initiative, Providing Scalable Solutions For Rapid Missile Warning And Tracking
📈 PositiveTrump Administration Plans Executive Order To Limit Defense Contractors Dividends, Buybacks And Executive Pay For Over-Budget And Delayed Contracts
📉 NegativeAlembic Global Upgrades Northrop Grumman to Overweight, Announces $662 Price Target
📈 PositiveCitigroup Initiates Coverage On Northrop Grumman with Buy Rating, Announces Price Target of $654
📈 PositiveReported Earlier: 'Northrop Grumman And MBDA Sign MOU To Advance Germany's IBCS-Linked Air Defence Systems' - Defense Industry Europe
📈 PositiveNorthrop Grumman Announces Elects John Greene As EVP And CFO, Effective Jan. 7; Co. Reaffirms Guidance
📈 PositiveBernstein Maintains Market Perform on Northrop Grumman, Raises Price Target to $696
📈 PositiveUBS Maintains Buy on Northrop Grumman, Raises Price Target to $770
📈 PositiveJP Morgan Maintains Neutral on Northrop Grumman, Raises Price Target to $640
➖ NeutralSusquehanna Maintains Positive on Northrop Grumman, Raises Price Target to $690
📈 PositiveBTIG Maintains Buy on Northrop Grumman, Raises Price Target to $680
📈 PositiveNOC stock has given up its prior loss. Northrop Grumman shares were trading lower after the company reported Q3 sales below estimates and lowered its FY2025 sales guidance.
📉 NegativeNorthrop Grumman CEO Says Assuming U.S. Government Shutdown Will Be Resolved In The Near Term, We Do Not Anticipate Any Significant Impact On Our Financial Results
📈 PositiveNorthrop Grumman CEO Says Revised Full Year Revenue Guidance Down Due To Delayed Timing On Certain Awards And Programs
📉 NegativeNorthrop Grumman shares are trading lower after the company reported Q3 sales below estimates and lowered its FY2025 sales guidance.
📉 NegativeNorthrop Grumman Lowers FY2025 Sales Guidance from $42.050B-$42.250B to $41.700B-$41.900B vs $42.170B Est
📉 NegativeNorthrop Grumman Raises FY2025 Adj EPS Guidance from $25.00-$25.40 to $25.65-$26.05 vs $25.41 Est
📈 PositiveNorthrop Grumman Q3 EPS $7.67 Beats $6.51 Estimate, Sales $10.423B Miss $10.712B Estimate
➖ NeutralBernstein Maintains Market Perform on Northrop Grumman, Raises Price Target to $674
📈 PositiveShares of defense stocks are trading lower after Treasury Secretary Bessent suggested the government may ask them to cut back on buybacks to address shortfalls in deliveries.
📉 NegativeFrequently Asked Questions about NOC
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