NOC · Northrop Grumman Corp /De/ · Financials

$495.69 +14.31 (+2.97%) At close · Oct 14

S&P 500 member Russell 1000 member Rebalance outlook locked

Market Cap

$68.39B

142.06M

Volume · Oct 14 1.22M Avg daily vol (3M) 857.77K

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Pull these statements through the financial statements API or MCP →

Revenue

$41.95B +2.2%

FY2025

Net Income

$4.18B +0.2%

FY2025

Gross Margin

52.81% -2.7pp

FY2017

Operating Margin

10.75% +0.1pp

FY2025

Diluted EPS

$29.08 +2.6%

FY2025

Operating Cash Flow

$4.76B +8.4%

FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow Adjusted All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	FY2026 (G)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007
Revenue	+4.7%	+2.7%	+6.0%	$43.75B – $44.25B	$42.89B	$41.95B	$41.03B^G	$39.29B^G	$36.6B^G	$35.67B^G	$36.8B^G	$33.84B	$30.1B	$26B	$24.71B	$23.53B	$23.98B	$24.66B	$25.22B	$26.41B	$28.14B	$27.65B	$32.32B	$30.34B
Cost of Revenue	+5.6%	+3.3%	-1.5%	—	$13.21B	—	—	—	—	—	—	—	—	$12.27B	$11B	$10.33B	$10.43B	$10.62B	$10.42B	$11.49B	$12.56B	$12.65B	$15.49B	$14.34B
Gross Profit	+0.5%	-1.5%	-1.5%	—	$13.77B	—	—	—	—	—	—	—	—	$13.73B	$13.7B	$13.19B	$13.55B	$14.04B	$14.8B	$14.92B	$15.59B	$15B	$16.83B	$16B
Gross Margin	—	—	—	—	—	—	—	—	—	—	—	—	—	52.81%	55.47%	56.08%	56.5%	56.92%	58.7%	56.49%	55.38%	54.26%	52.07%	52.74%
Research & Development	-2.9%	0.0%	+4.4%	—	—	$1.1B	$1.1B	$1.2B	$1.2B	$1.1B	$1.1B	$953M	$764M	$639M	$705M	$712M	$569M	$507M	$520M	$543M	$580M	$588M	$564M	—
General & Administrative	+1.4%	+3.4%	+4.6%	—	$4.01B	$4.03B	$3.99B	$4.01B	$3.87B	$3.6B	$3.41B	$3.29B	$3.01B	$2.71B	$2.63B	$2.57B	$2.41B	$2.26B	$2.45B	$2.35B	$2.47B	$2.57B	$3.14B	$3.06B
Amortization of Intangibles	-38.9%	-29.7%	+7.4%	—	—	$45M	$57M	$80M	$197M	$204M	$262M	$332M	$203M	$14M	$16M	$22M	$22M	$26M	$36M	$37M	$71M	—	—	—
Depreciation & Amortization	+3.1%	+3.0%	+12.2%	—	$1.52B	$1.47B	$1.37B	$1.34B	$1.34B	$1.24B	$1.27B	$1.27B	$800M	$475M	$456M	$467M	$462M	$495M	$510M	$544M	$555M	$550M	—	—
Total Operating Expenses	+4.5%	+2.9%	—	—	$38.29B	$37.67B	$36.66B	$36.75B	$33B	$32B	$32.73B	$29.87B	—	—	—	—	—	—	—	—	—	—	—	—
Operating Income	+7.8%	+2.1%	+3.9%	—	$4.6B	$4.51B	$4.37B	$2.54B	$3.6B	$5.65B	$4.07B	$3.97B	$3.78B	$3.22B	$3.28B	$3.08B	$3.2B	$3.12B	$3.13B	$3.28B	$2.83B	$2.27B	-$263M	$2.93B
Operating Margin	—	—	—	—	—	10.75%	10.65%	6.46%	9.84%	15.84%	11.05%	11.73%	12.56%	12.38%	13.26%	13.07%	13.33%	12.66%	12.41%	12.4%	10.05%	8.22%	-0.81%	9.64%
EBITDA	+6.6%	+2.3%	+5.4%	—	$6.12B	$5.98B	$5.74B	$3.88B	$4.94B	$6.89B	$5.33B	$5.23B	$4.58B	$3.69B	$3.73B	$3.54B	$3.66B	$3.62B	$3.64B	$3.82B	$3.38B	$2.82B	—	—
Other Non-Operating Income	+237.7%	+10.9%	+26.2%	—	$189M	$154M	$168M	$246M	$4M	$19M	$92M	$107M	$130M	$136M	$44M	$15M	$23M	-$3M	$47M	$28M	$37M	$65M	$38M	$17M
Pretax Income	-4.6%	+6.3%	+6.2%	—	$5.26B	$5.07B	$5.02B	$2.35B	$5.84B	$8.94B	$3.73B	$2.55B	$3.74B	$4.23B	$2.68B	$2.79B	$2.94B	$2.86B	$2.97B	$3.08B	$2.37B	$2.07B	-$520M	$2.61B
Income Tax	-2.0%	+10.5%	+1.0%	—	$765M	$886M	$842M	$290M	$940M	$1.93B	$539M	$300M	$513M	$1.36B	$638M	$800M	$868M	$911M	$987M	$997M	$462M	$636M	$859M	$855M
Net Income	-5.1%	+5.6%	+7.7%	—	$4.5B	$4.18B	$4.17B	$2.06B	$4.9B	$7.01B	$3.19B	$2.25B	$3.23B	$2.87B	$2.04B	$1.99B	$2.07B	$1.95B	$1.98B	$2.12B	$2.05B	$1.69B	-$1.26B	$1.79B
Net Margin	—	—	—	—	—	9.97%	10.17%	5.23%	13.38%	19.64%	8.67%	6.64%	10.73%	11.03%	8.27%	8.46%	8.63%	7.92%	7.84%	8.02%	7.29%	6.1%	-3.91%	5.9%
Comprehensive Income	-4.9%	+5.9%	+7.6%	—	$4.49B	$4.21B	$4.15B	$2.08B	$4.89B	$6.99B	$3.16B	$2.2B	$3.16B	$2.82B	$1.93B	$2.03B	-$303M	$3.76B	$681M	$861M	$2.31B	$2.31B	-$4.21B	$2.4B
EPS (Basic) USD/shares	-2.7%	+8.8%	+10.7%	—	$31.50	$29.14	$28.39	$13.57	$31.61	$43.70	$19.08	$13.28	$18.59	$16.45	$11.42	$10.51	$9.91	$8.50	$7.96	$7.65	$6.91	$5.28	-$3.77	$5.24
EPS (Diluted) USD/shares	-2.6%	+8.9%	+10.8%	$28.60 – $29.10*	$31.43	$29.08	$28.34^G	$13.53	$31.47^G	$43.54^G	$19.03^G	$13.22	$18.49	$16.34	$11.32	$10.39	$9.75	$8.35	$7.81	$7.52	$6.82	$5.21	-$3.77	$5.12
Shares Outstanding (Basic Avg) shares	-2.5%	-3.0%	-2.7%	—	—	143.5M	147M	151.5M	154.9M	160.3M	167.1M	169.3M	173.7M	174.4M	178.9M	189.4M	208.8M	229.6M	248.6M	276.8M	296.9M	319.2M	334.5M	341.7M
Shares Outstanding (Diluted Avg) shares	-2.6%	-3.0%	-2.8%	—	—	143.8M	147.3M	152M	155.6M	160.9M	167.6M	170M	174.6M	175.6M	180.5M	191.6M	212.1M	233.9M	253.4M	281.6M	301.1M	323.3M	334.5M	354.3M

Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2007–FY2025: $32.12B in buybacks, $14.52B in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balance	As of	Amount	Source
Current portion of long-term debt	2026-06-30	USD 763,000,000	10-Q filed 2026-07-21
Noncurrent debt carrying amount	2026-06-30	USD 14,428,000,000	10-Q filed 2026-07-21
Noncurrent operating lease liabilities	2026-06-30	USD 1,861,000,000	10-Q filed 2026-07-21

Instrument and agreement coverage is incomplete. Additional filings are awaiting review.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue

1.86×

Peer median 5.57×

EV/EBIT

17.33×

Peer median 23.13×

P/E (TTM)

15.32×

Peer median 35.14×

Peer medians compare against the 23 similar-size Aerospace & Defense companies (of 90 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Aeronautics Systems	$12,992,000,000	$12,396,000,000	$11,164,000,000	$10,531,000,000	$11,259,000,000	$12,169,000,000	$11,116,000,000	$10,293,000,000
Mission Systems	$12,506,000,000	$11,399,000,000	$10,895,000,000	$10,396,000,000	$10,134,000,000	$10,080,000,000	$9,410,000,000	$8,949,000,000
Space Systems	$10,771,000,000	$11,731,000,000	$11,873,000,000	$10,570,000,000	$10,608,000,000	$8,744,000,000	$7,425,000,000	$5,845,000,000
Defense Systems	$8,002,000,000	$7,399,000,000	$7,185,000,000	$7,629,000,000	$5,776,000,000	$7,543,000,000	$7,495,000,000	$6,612,000,000
Aerospace Systems	—	—	—	—	—	—	$13,862,000,000	$13,096,000,000
Innovation Systems	—	—	—	—	—	—	$6,119,000,000	$3,276,000,000
Technology Services	—	—	—	—	—	—	$4,110,000,000	$4,297,000,000

By Geography (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
United States	$35,964,000,000	$36,033,000,000	$34,385,000,000	$31,754,000,000	$30,685,000,000	$31,611,000,000	$28,687,000,000	$25,661,000,000
Europe	$3,286,000,000	$2,837,000,000	$2,455,000,000	$2,252,000,000	$2,107,000,000	$2,082,000,000	$1,833,000,000	$1,514,000,000
Asia Pacific	$1,919,000,000	$1,552,000,000	$1,568,000,000	$1,802,000,000	$1,939,000,000	$1,968,000,000	$1,836,000,000	$1,666,000,000
All Other Geographic Region Domain	$785,000,000	$611,000,000	$882,000,000	$794,000,000	$936,000,000	$1,138,000,000	$1,485,000,000	$1,254,000,000

By Product & Service (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Product	$33,741,000,000	$32,726,000,000	$30,897,000,000	$28,522,000,000	$27,868,000,000	$27,015,000,000	$23,852,000,000	$20,469,000,000
Service	$8,213,000,000	$8,307,000,000	$8,393,000,000	$8,080,000,000	$7,799,000,000	$9,784,000,000	$9,989,000,000	$9,626,000,000

Segment Operating Income

Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.

By Segment (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Mission Systems	$1,827,000,000	$1,598,000,000	$1,609,000,000	$1,618,000,000	$1,579,000,000	$1,459,000,000	$1,408,000,000	$1,245,000,000
Space Systems	$1,183,000,000	$1,254,000,000	$1,130,000,000	$1,078,000,000	$1,121,000,000	$893,000,000	$794,000,000	$644,000,000
Defense Systems	$871,000,000	$716,000,000	$684,000,000	$781,000,000	$696,000,000	$846,000,000	$793,000,000	$697,000,000
Aeronautics Systems	$813,000,000	$1,236,000,000	-$416,000,000	$1,116,000,000	$1,093,000,000	$1,206,000,000	$1,188,000,000	$1,128,000,000
Aerospace Systems	—	—	—	—	—	—	$1,434,000,000	$1,411,000,000
Innovation Systems	—	—	—	—	—	—	$671,000,000	$343,000,000
Technology Services	—	—	—	—	—	—	$457,000,000	$443,000,000

Operating Margin by Segment (%)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Aeronautics Systems	6.3%	10%	-3.7%	10.6%	9.7%	9.9%	10.7%	11%
Mission Systems	14.6%	14%	14.8%	15.6%	15.6%	14.5%	15%	13.9%
Space Systems	11%	10.7%	9.5%	10.2%	10.6%	10.2%	10.7%	11%
Defense Systems	10.9%	9.7%	9.5%	10.2%	12%	11.2%	10.6%	10.5%
Aerospace Systems	—	—	—	—	—	—	10.3%	10.8%
Innovation Systems	—	—	—	—	—	—	11%	10.5%
Technology Services	—	—	—	—	—	—	11.1%	10.3%

Key facts CIK 1133421 CUSIP 666807102 13F (30d) 171 filings 155 filers Visit website Investor relations