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Overview

NORTHROP GRUMMAN CORP /DE/

NOCNYSEIndustrialsSearch, Detection, Navigation, Guidance, Aeronautical SysCIK 0001133421S&P 500

Latest 10-K: FY2025, filed Jan 27, 2026 · Open the 10-K (Inline XBRL) ↗

Revenue
$41.95B
2.2%YoYup from FY2024
TotalRevenue
Gross profit
Not reported
Operating income
$4.51B
3.2%YoYup from FY2024
OperatingIncome
Net income
$4.18B
0.2%YoYup from FY2024
NetIncome
Diluted EPS
$29.08
2.6%YoYup from FY2024
EPSDiluted
Diluted shares
143.8M
2.4%YoYdown from FY2024
WeightedAvgSharesDiluted

At a glance

Growth

  • NORTHROP GRUMMAN CORP /DE/ reported revenue of $41.95B for fiscal 2025, up 2.2% from fiscal 2024.
  • Revenue grew faster than the median S&P 500 member in 1 of the last 5 fiscal years.

Profitability

  • Operating margin was 10.8% and net margin was 10.0%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.

Per share

  • Diluted EPS was $29.08, up 2.6% from the prior year.
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Written from the filed figures on this page by fixed rules — no AI.

Data as of Oct 24, 2026 · Sources: SEC EDGAR 10-K

Financial statements

Annual figures from the 10-K, most recent fiscal year first.

Income Statement

5 annual periods

Chip: YoY change.

Income Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: S&P 500 median change. Line under a label: how many S&P 500 companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Revenue
$41.95B2.2%up
S&P 500 6.4%
$41.03B4.4%up
S&P 500 4.5%
$39.29B7.3%up
S&P 500 4.8%
$36.60B2.6%up
S&P 500 10.3%
$35.67B3.1%down
S&P 500 13.8%
4.1%
S&P 500 6.6%
Gross Profit
Median of 315 / 498
—
—
—
—
—
—
S&P 500 6.2%
Operating Income
Median of 373 / 498
$4.51B3.2%up
S&P 500 7.3%
$4.37B72.3%up
S&P 500 7.4%
$2.54B29.5%down
S&P 500 4.9%
$3.60B36.3%down
S&P 500 7.5%
$5.65B39.0%up
S&P 500 23.5%
-5.5%
S&P 500 7.2%
Net Income
$4.18B0.2%up
S&P 500 4.8%
$4.17B103.0%up
S&P 500 5.7%
$2.06B58.0%down
S&P 500 1.9%
$4.90B30.1%down
S&P 500 1.3%
$7.00B119.7%up
S&P 500 33.9%
-12.1%
S&P 500 4.1%
EPS (Diluted)
$29.082.6%up
S&P 500 6.2%
$28.34109.5%up
S&P 500 7.9%
$13.5357.0%down
S&P 500 1.9%
$31.4727.7%down
S&P 500 1.5%
$43.54128.8%up
S&P 500 34.8%
-9.6%
S&P 500 5.6%

Balance Sheet

5 annual periods

Chip: YoY change.

Balance Sheet, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: S&P 500 median change. Line under a label: how many S&P 500 companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Total Assets
$51.38B4.1%up
S&P 500 5.6%
$49.36B6.0%up
S&P 500 3.4%
$46.54B6.4%up
S&P 500 4.1%
$43.76B2.8%up
S&P 500 2.2%
$42.58B4.3%down
S&P 500 6.7%
4.8%
S&P 500 4.7%
Total Liabilities
Median of 357 / 498
$34.70B1.9%up
S&P 500 6.4%
$34.07B7.3%up
S&P 500 1.9%
$31.75B11.6%up
S&P 500 2.9%
$28.44B4.1%down
S&P 500 2.0%
$29.65B12.5%down
S&P 500 5.2%
4.0%
S&P 500 4.4%
Stockholders' Equity
$16.67B9.1%up
S&P 500 6.8%
$15.29B3.3%up
S&P 500 5.4%
$14.79B3.4%down
S&P 500 7.3%
$15.31B18.5%up
S&P 500 2.5%
$12.93B22.2%up
S&P 500 9.0%
6.6%
S&P 500 6.1%
Cash & Equivalents
$4.40B1.1%up
S&P 500 5.2%
$4.35B40.0%up
S&P 500 1.9%
$3.11B20.6%up
S&P 500 6.7%
$2.58B27.0%down
S&P 500 -8.6%
$3.53B28.1%down
S&P 500 -2.9%
5.7%
S&P 500 2.0%
Total Debt
Median of 393 / 498
$15.70B3.6%down
S&P 500 2.3%
$16.27B17.5%up
S&P 500 0.1%
$13.86B7.6%up
S&P 500 0.1%
$12.88B0.7%up
S&P 500 0.1%
$12.78B14.8%down
S&P 500 0.0%
5.3%
S&P 500 3.7%

Cash Flow Statement

5 annual periods

Chip: YoY change.

Cash Flow Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: S&P 500 median change. Line under a label: how many S&P 500 companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Operating Cash Flow
$4.76B8.4%up
S&P 500 6.3%
$4.39B13.2%up
S&P 500 4.8%
$3.88B33.6%up
S&P 500 9.9%
$2.90B18.7%down
S&P 500 -0.7%
$3.57B17.1%down
S&P 500 10.7%
7.5%
S&P 500 7.0%
Capital Expenditures
$1.45B17.9%down
S&P 500 5.4%
$1.77B0.5%down
S&P 500 2.8%
$1.77B23.7%up
S&P 500 11.3%
$1.44B1.4%up
S&P 500 14.0%
$1.42B0.4%down
S&P 500 8.1%
0.6%
S&P 500 9.0%
Free Cash Flow
Median of 378 / 498
$3.31B26.2%up
S&P 500 7.3%
$2.62B24.8%up
S&P 500 6.1%
$2.10B43.2%up
S&P 500 8.8%
$1.47B31.9%down
S&P 500 -11.3%
$2.15B25.4%down
S&P 500 10.2%
11.3%
S&P 500 4.9%

n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.

S&P 500 median = median of the companies in the index on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-20. This compares reported figures, not share-price returns. Methodology

Ratios & valuation

FY2025

Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.

Valuation · Earnings yield

What a dollar of market value earned

5.1%

Wall Street

on net earnings

FY2024 6.0%

4.0%

Value investor

on free cash flow

FY2024 3.8%

Gap −1.1 pts: Value-investor figure 1.1 points lower

How it’s calculated

Wall Street · on net earnings

Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)

pe_ratio (ratio table)

P/E 19.6×

Value investor · on free cash flow

(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)

free cash flow ÷ market cap

Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.

Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.

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Smart money

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Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.

Peers, filings & research

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Research Reports

No published research on NOC yet.

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Cite this page

Data as of Oct 24, 2026. Canonical address: https://valuein.biz/data/NOC

APA-style text
Valuein. (2026, October 24). NORTHROP GRUMMAN CORP /DE/ (NOC) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/NOC
BibTeX
@misc{valuein_noc_2026,
  author = {{Valuein}},
  title = {NORTHROP GRUMMAN CORP /DE/ (NOC) financial statements, earnings power and smart-money summary},
  year = {2026},
  howpublished = {\url{https://valuein.biz/data/NOC}},
  note = {Data as of 2026-10-24; source: SEC EDGAR filings}
}
Open 10-K in SEC Inline XBRL viewer

10-K filed Jan 27, 2026 · accession 0001133421-26-000003

Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.

point-in-time · survivorship-free · every number traceable to its SEC filing