Northrop Grumman NOC
- Market cap
- $78.3B
- PE
- 17.5×
- 10y median 19.5×
- Forward PE
- 18.9×
- 10y median 18.8×
- Price to sales
- 1.8×
- EV/EBIT
- 19.4×
- Revenue, 12 months
- $42.9B
- +6% on a year ago
- Net margin
- 10.5%
- Free cash flow yield
- 4.7%
Northrop Grumman trades at 17.5× trailing earnings, near its ten-year median. Revenue was $42.9B over the last twelve months, up 6% on a year earlier with a 10% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $9.8B+9% | $10.6B+6% | $10.1B+9% | $10.2B+7% | $10B+2% | $10.7B+1% | $9.5B−7% | $10.4B+1% | $10.4B+4% | $11.7B+10% | $9.9B+4% | $10.9B+5% | |
| Cost of revenue | $7.7B+8% | $10.2B+24% | $8B+9% | $8B+7% | $7.9B+2% | $8.8B−14% | $7.9B−1% | $8.1B+1% | $8.2B+4% | $9.4B+8% | $7.9B+0% | $8.8B+8% |
| Gross profit | $2B+12% | $485M−73% | $2.1B+8% | $2.2B+7% | $2.1B+3% | $1.9B+298% | $1.6B−26% | $2.2B+1% | $2.2B+6% | $2.3B+19% | $2B+24% | $2.1B−4% |
| SG&A | $1B+5% | $878M−4% | $1.1B+2% | $1.1B+3% | $986M−4% | $843M−4% | $1B−5% | $1B−8% | $985M−0% | $1B+22% | $971M−4% | $1B+1% |
| $1B+20% | −$393M | $1.1B+13% | $1.1B+13% | $1.1B+10% | $1.1B | $573M−47% | $1.4B+31% | $1.2B+11% | $1.3B+17% | $989M+73% | $1.1B−23% | |
| Interest expense | $141M+16% | $128M+7% | $146M+13% | $154M+5% | $161M+14% | $160M+25% | $156M+7% | $173M+12% | $161M+0% | $175M+9% | $162M+4% | $161M−7% |
| Pre-tax income | $1.1B+3% | −$757M | $1.1B+13% | $1.1B+16% | $1.2B+6% | $1.6B | $578M−49% | $1.4B+25% | $1.3B+11% | $1.7B+12% | $1B+78% | $1.2B−18% |
| $181M+3% | −$222M | $187M+20% | $206M+18% | $162M−11% | $287M | $97M−48% | $253M+23% | $223M+38% | $313M+9% | $155M+60% | $74M−71% | |
| Net income | $937M+2% | −$535M | $944M+12% | $940M+16% | $1B+10% | $1.3B | $481M−49% | $1.2B+25% | $1.1B+7% | $1.4B+13% | $875M+82% | $1.1B−7% |
| $6.18+5% | −$3.55 | $6.32+15% | $6.36+19% | $7.00+13% | $8.67 | $3.32−48% | $8.15+28% | $7.67+10% | $9.99+15% | $6.14+85% | $7.68−6% | |
| 151.7M−2% | 150.6M−3% | 149.3M−3% | 147.7M−3% | 146.5M−3% | 145.8M−3% | 144.9M−3% | 144M−3% | 143.5M−2% | 142.9M−2% | 142.5M−2% | 142.4M−1% |
Gross profit: 73 periods, Q2 FY08 to Q2 FY26: not printed by the filing, worked out from its own lines.
EPS, diluted: 14 periods, Q4 FY08 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: Q4 FY08 and Q4 FY23: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. 6 periods, Q4 FY09 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $11.1B | $11B to $11.3B | $7.18 | $6.98 to $7.31 | 12 |
| Q4 FY26 | $12.2B | $12B to $12.4B | $7.94 | $7.82 to $8.06 | 10 |
| Q1 FY27 | $10.5B | $10.3B to $10.8B | $6.51 | $6.18 to $7.17 | 6 |
| Q2 FY27 | $11.6B | $11.3B to $11.8B | $7.42 | $7.19 to $7.61 | 2 |
| Q3 FY27 | $11.9B | $11.6B to $12.1B | $7.72 | $7.48 to $7.91 | 2 |
| Q4 FY27 | $13B | $12.7B to $13.3B | $8.64 | $8.37 to $8.85 | 2 |
| Q1 FY28 | $11.1B | $10.9B to $11.3B | $7.07 | $6.85 to $7.24 | 5 |
| Q2 FY28 | $12.3B | $12B to $12.5B | $8.01 | $7.76 to $8.21 | 5 |
Peers
Companies in Aerospace & Defense nearest Northrop Grumman's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| NOCNorthrop Grumman | $78.3B | 17.5× | 19.5× | 18.9× | 1.8× | +6% | 10.5% |
| HWMHowmet Aerospace | $74.1B | 40.1× | 40.9× | 31.5× | 8.1× | +18% | 20.5% |
| GDGeneral Dynamics | $94.5B | 21.3× | 19.4× | 20.0× | 1.7× | +9% | 8.2% |
| TDGTransDigm | $61.1B | 33.5× | 42.3× | 23.6× | 6.1× | +17% | 21.3% |
| HONAHoneywell Aerospace | $51.8B | n/m | n/a | 20.1× | n/m | n/m | n/m |
| LHXL3Harris Technologies | $47.3B | 25.6× | 30.1× | 20.6× | n/m | n/m | n/m |
| LMTLockheed Martin | $139.4B | 21.5× | 18.7× | 19.2× | 1.8× | +8% | 8.2% |
| HEIHEICO | $41.6B | 49.5× | 59.3× | 42.8× | 8.0× | +21% | 16.4% |
| BABoeing | $148.9B | 81.5× | 24.0× | 197× | 1.6× | +25% | 2.6% |
| AXONAxon Enterprise | $34.1B | 174× | 136× | 47.0× | 10.6× | +35% | 6.2% |
| RTXRTX | $257.4B | 31.0× | 28.9× | 24.7× | 2.7× | +12% | n/m |
| Peer median | $67.6B | 33.5× | 30.1× | 24.1× | 4.4× | +17% | 8.2% |
More on Northrop Grumman
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #1of 14Aerospace and defense stocks with the lowest forward PE
- #5of 33Aerospace and defense stocks with the lowest PE ratio
- #10of 44Aerospace and defense stocks with the highest profit margins
- #6of 24Aerospace and defense stocks cheapest against their own PE history
- #10of 26Aerospace and defense stocks with the highest free cash flow yield
- #9of 12Aerospace and defense stocks with the fastest expected revenue growth
Its groups
About
- Industry
- Aerospace & Defense
- Sector
- Industrials
Valuation data, not investment advice. Prices as of .