Superworth

Northrop Grumman NOC

Aerospace & Defense, Industrials
$551.44
−0.16%
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 for NOC, by quarter
Income statementQ3 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 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: .

QuarterRevenueRangeEPSRangeAnalysts
Q3 FY26$11.1B$11B to $11.3B$7.18$6.98 to $7.3112
Q4 FY26$12.2B$12B to $12.4B$7.94$7.82 to $8.0610
Q1 FY27$10.5B$10.3B to $10.8B$6.51$6.18 to $7.176
Q2 FY27$11.6B$11.3B to $11.8B$7.42$7.19 to $7.612
Q3 FY27$11.9B$11.6B to $12.1B$7.72$7.48 to $7.912
Q4 FY27$13B$12.7B to $13.3B$8.64$8.37 to $8.852
Q1 FY28$11.1B$10.9B to $11.3B$7.07$6.85 to $7.245
Q2 FY28$12.3B$12B to $12.5B$8.01$7.76 to $8.215

Peers

Companies in Aerospace & Defense nearest Northrop Grumman's size, closest first.

CompanyMarket capPEIts 10y median PEFwd PEP/SRevenue growthNet margin
NOCNorthrop Grumman$78.3B17.5×19.5×18.9×1.8×+6%10.5%
HWMHowmet Aerospace$74.1B40.1×40.9×31.5×8.1×+18%20.5%
GDGeneral Dynamics$94.5B21.3×19.4×20.0×1.7×+9%8.2%
TDGTransDigm$61.1B33.5×42.3×23.6×6.1×+17%21.3%
HONAHoneywell Aerospace$51.8Bn/mn/a20.1×n/mn/mn/m
LHXL3Harris Technologies$47.3B25.6×30.1×20.6×n/mn/mn/m
LMTLockheed Martin$139.4B21.5×18.7×19.2×1.8×+8%8.2%
HEIHEICO$41.6B49.5×59.3×42.8×8.0×+21%16.4%
BABoeing$148.9B81.5×24.0×197×1.6×+25%2.6%
AXONAxon Enterprise$34.1B174×136×47.0×10.6×+35%6.2%
RTXRTX$257.4B31.0×28.9×24.7×2.7×+12%n/m
Peer median$67.6B33.5×30.1×24.1×4.4×+17%8.2%

More on Northrop Grumman

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Industry
Aerospace & Defense
Sector
Industrials

Valuation data, not investment advice. Prices as of .