NOC · Northrop Grumman Corp /De/
Key customers — 84% of revenue (the years ended December 31, 2025)
“Sales to the U.S. government accounted for 84 percent, 87 percent and 86 percent of sales during the years ended December 31, 2025, 2024 and 2023, respectively.”
Key customers — 87% of revenue (the years ended December 31, 2024)
“Sales to the U.S. government accounted for 84 percent, 87 percent and 86 percent of sales during the years ended December 31, 2025, 2024 and 2023, respectively.”
Key customers — 86% of revenue (the years ended December 31, 2023)
“Sales to the U.S. government accounted for 84 percent, 87 percent and 86 percent of sales during the years ended December 31, 2025, 2024 and 2023, respectively.”
Price & Indicators
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted free cash flow non-GAAP | $978M | Q2 2026 | — |
| Aeronautics Systems Total Backlog | $24.57B | June 30, 2026 | — |
| Backlog | 104.7B | Q2 2026 | — |
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| Defense Systems Total Backlog | $34.68B | June 30, 2026 | — |
| Mission Systems Total Backlog | $18.47B | June 30, 2026 | — |
| Organic sales non-GAAP | $2.09B | Q2 2026 | — |
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| Segment operating income non-GAAP | $1.16B | Q2 2026 | — |
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| Space Systems Total Backlog | $26.98B | June 30, 2026 | — |
| Aeronautics Systems Funded Backlog | $13B | March 31, 2026 | — |
| Aeronautics Systems Unfunded Backlog | $11.28B | March 31, 2026 | — |
| Defense Systems Funded Backlog | $7.76B | March 31, 2026 | — |
| Defense Systems Unfunded Backlog | $19.97B | March 31, 2026 | — |
| Free cash flow non-GAAP | -$1.82B | first quarter 2026 | — |
| Funded backlog | $44.07B | As of March 31, 2026 | — |
| Mission Systems Funded Backlog | $12.89B | March 31, 2026 | — |
| Mission Systems Unfunded Backlog | $4.92B | March 31, 2026 | — |
| Operating margin rate | 9.5% | Q1 2026 | — |
| Space Systems Funded Backlog | $10.43B | March 31, 2026 | — |
| Space Systems Unfunded Backlog | $15.38B | March 31, 2026 | — |
| Unfunded backlog | $51.54B | As of March 31, 2026 | — |
| Book to bill | 1.1 | Full-Year FY2025 | — |
| Capital expenditures as a percentage of sales | 3.5% | Full-year 2025 | — |
| MTM-adjusted diluted EPS non-GAAP | $26.34 | Full-Year FY2025 | — |
| Net awards | $46.3B | Full-year 2025 | — |
| Segment operating margin rate non-GAAP | 10.4% | Full-Year FY2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Aerospace & Defense — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
NOC
this stock
Northrop Grumman Corp /De/
|
$77.44B | -4.3% | +2.2% | 17.3 | 1.7% |
|
SPCX
Space Exploration Technologies Corp
|
$1.85T | — | — | — | 1.4% |
|
GE
General Electric Co
|
$355.60B | +11.2% | +18.5% | 40.4 | 1.3% |
|
RTX
RTX Corp
|
$284.82B | +15.4% | +17.1% | 37.2 | 1.0% |
|
EADSF
Airbus SE/ADR
|
$191.42B | +0.6% | — | — | 0.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| NOC | -1.0% | +0.6% | -27.0% | +0.6% | -4.3% |
| SPY | +0.5% | +3.0% | +13.4% | +3.0% | +12.8% |
| vs SPY | -1.5% | -2.4% | -40.4% | -2.4% | -17.1% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.