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Northrop Grumman Corporation NOC SPX

Industrials · Aerospace & Defense · United States
https://www.northropgrumman.com

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. It operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems and Space Systems. The Aeronautics Systems segment designs, develops, produces, integrates, sustains, and modernizes aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic, surveillance and reconnaissance systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems. Its Defense Systems segment designs, develops, integrates, and produces strategic deterrent systems, tactical weapons, and missile defense solutions; and provides sustainment, modernization, and training services for manned and unmanned aircraft and electronics systems. This segment also offers strategic missiles; integrated all-domain command and control systems; precision strike weapons; tactical solid rocket motors, and high-speed air-breathing and hypersonic systems; high-performance gun systems, ammunition, precision munitions, and advanced fuzes; and sustainment, operation, and modernization. The Mission Systems segment provides command, control, communication and computer, intelligence, surveillance, and reconnaissance systems; radar, electro-optical/infrared, and acoustic sensors; electronic warfare systems; advanced communications and network systems; microelectronics; navigation and positioning sensors; maritime power, propulsion, and payload launch systems; cyber solutions; and intelligence processing systems. Its Space Systems segment offers satellites, spacecraft systems, subsystems, sensors, and payloads; ground systems; missile defense systems and interceptors; and launch vehicles and related propulsion systems. The company was founded in 1939 and is based in Falls Church, Virginia.

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$563.68
+18.15% 1Y

Market & Price

Market Cap
$80.06B
Current Price
$563.68
High / Low (52W)
$768.02 / $477.10
Beta
-0.11

Valuation

Stock P/E
17.67
Industry PE
28.38
Forward P/E
18.70
PEG Ratio
4.20
Book Value
$120.50
Price to Book
4.68
P/S
1.89
EV/EBITDA
13.08
Dividend Yield
1.67%

Profitability & Returns

ROCE
15.29%
ROE
28.51%
ROA
7.36%
Profit Margin
10.80%
Op Margin
11.69%
EPS (Latest Qtr)
$6.14
EPS (TTM)
$31.90

Balance Sheet & Liquidity

Debt/Equity
1.03
Quick Ratio
0.98
Current Ratio
1.15
Debt
$17.57B
Total Assets
$51.38B
Current Assets
$15.29B
Working Capital
$1.41B

Ownership

Promoter Holding
0.24%
Chg in Prom Hold
-
FII / Inst Holding
84.32%
Chg in FII Hold
0.01%

Financial Snapshot

Enterprise Value
$95.55B
Total Revenue (TTM)
$42.37B
EBITDA
$7.31B
Free Cash Flow
$2.07B
Operating Cash Flow
$4.67B
Shares Outstanding
142.03M
Gross Margin
20.52%
Payout Ratio
28.97%

Growth (CAGR)

Revenue 5Y
4.65%
Profit 5Y
-5.12%
Revenue (YoY)
4.40%
Earnings (YoY)
84.90%

PROS

  • Strong return on equity of 28.5%.
  • Generates positive free cash flow.

CONS

  • Earnings shrank at -5.1% CAGR over 5 years.
  • Trading 26.6% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 NOC Northrop Grumman Corporation SPX 563.68 17.67 $80.06B 1.67% 15.29% 28.51% 4.65% -5.12%
2 CAT Caterpillar Inc. SPX 875.87 43.66 $403.42B 0.69% 19.42% 51.33% 4.38% 9.83%
3 GE GE Aerospace SPX 323.76 40.17 $338.27B 0.58% 11.89% 45.43% 16.32% 195.89%
4 GEV GE Vernova Inc. SPXAI 968.32 28.33 $260.21B 0.21% 6.30% 75.71% 8.68% 92.84%
5 RTX RTX Corporation SPX 179.66 33.64 $241.95B 1.54% 9.41% 11.57% 9.72% 9.01%
6 UNP Union Pacific Corporation SPX 262.64 21.60 $155.93B 2.10% 16.19% 40.69% -0.49% 0.66%
7 ETN Eaton Corporation plc SPXAI 400.60 39.20 $155.55B 1.10% 16.23% 20.84% 9.77% 18.41%
8 HON Honeywell International Inc. NDXSPX 237.86 38.00 $150.72B 2.00% 13.57% 24.26% 1.82% -1.62%
9 DE Deere & Company SPX 542.18 30.67 $146.45B 1.20% 12.82% 18.35% -4.50% -11.00%
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Quarterly Results

Figures in USD.

Metric Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -------6.41B6.47B6.57B6.55B6.74B7.12B8.09B8.16B8.19B8.46B8.47B8.72B8.62B8.88B9.08B10.21B9.16B9.15B8.72B8.80B8.80B8.97B9.30B9.58B9.78B10.13B10.22B-9.47B10.35B10.42B11.71B9.88B
Cost of Revenue -----------------------------------7.89B8.14B8.20B9.42B7.92B
Gross Profit -----------------------------------1.58B2.21B2.23B2.30B1.96B
Operating Expenses -----------------------------------1.01B1.02B985.00M1.02B971.00M
Operating Income 813.00M794.00M689.00M739.00M797.00M826.00M831.00M853.00M864.00M829.00M672.00M848.00M817.00M1.17B943.00M936.00M946.00M951.00M1.14B934.00M994.00M985.00M1.15B2.82B1.04B1.04B897.00M954.00M844.00M947.00M967.00M1.02B1.07B1.09B-573.00M1.19B1.24B1.27B989.00M
EBITDA -----------------------------------1.07B1.95B1.86B2.32B1.56B
Interest Expense -----------------------------------156.00M173.00M161.00M175.00M162.00M
Pretax Income -----------------------------------578.00M1.43B1.32B1.74B1.03B
Tax Provision -----------------------------------97.00M253.00M223.00M313.00M155.00M
Net Income 531.00M516.00M459.00M556.00M517.00M602.00M525.00M770.00M677.00M750.00M672.00M840.00M789.00M1.24B356.00M863.00M861.00M933.00M-409.00M868.00M1.00B986.00M330.00M2.19B1.04B1.06B955.00M946.00M915.00M842.00M812.00M937.00M944.00M940.00M-481.00M1.17B1.10B1.43B875.00M
Diluted EPS 2.742.752.493.032.853.352.964.373.864.283.834.794.507.112.065.065.065.49-2.435.156.015.891.9713.436.426.636.106.065.895.505.346.186.326.367.003.328.157.67-6.14

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue ---------24.71B26.00B30.09B33.84B36.80B35.67B36.60B39.29B41.03B41.95B
Cost of Revenue ---------------29.13B32.74B32.67B33.64B
Gross Profit ---------------7.47B6.55B8.36B8.31B
Operating Expenses ---------------3.87B4.01B3.99B4.03B
Operating Income 2.92B-263.00M2.27B2.83B3.28B3.13B3.12B3.20B3.08B3.28B3.22B3.78B3.97B4.07B5.65B3.60B2.54B4.37B4.28B
EBITDA ---------------7.68B4.23B7.01B7.21B
Interest Expense ---------------506.00M545.00M621.00M665.00M
Pretax Income ---------------5.84B2.35B5.02B5.07B
Tax Provision ---------------940.00M290.00M842.00M886.00M
Net Income 1.79B-1.26B1.69B2.05B2.12B1.98B1.95B2.07B1.99B2.04B2.87B3.23B2.25B3.19B7.00B4.90B2.06B4.17B4.18B
Diluted EPS 5.12-3.775.216.827.527.818.359.7510.3911.3216.3418.4913.2219.0343.5431.4713.5328.3429.08
R&D Expense -564.00M588.00M580.00M543.00M520.00M507.00M569.00M712.00M705.00M639.00M764.00M953.00M1.10B1.10B1.20B1.20B1.10B1.10B

Compounded Sales Growth

5 Years:4.65%
1 Year:4.40%

Compounded Profit Growth

5 Years:-5.12%
1 Year:84.90%

Stock Price Performance

1 Year:+18.15%
6 Months:-0.29%
3 Months:-22.18%
1 Month:-1.53%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2006Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --30.20B30.25B31.41B25.41B26.54B26.38B26.57B24.42B25.61B35.13B37.65B41.09B44.47B-43.76B46.54B49.36B51.38B
Current Assets ----------------12.49B13.71B14.27B15.29B
Cash & Equivalents 1.01B963.00M1.50B3.27B3.70B3.00B3.86B5.15B3.86B2.32B2.54B11.22B1.58B2.25B4.91B-2.58B3.11B4.35B4.40B
Inventory ----------------978.00M1.11B1.46B1.31B
Receivables ----------------1.51B1.45B1.27B1.38B
Total Liabilities --18.28B17.57B17.97B15.07B17.03B15.76B19.34B18.90B20.36B28.00B29.47B32.27B33.89B-28.44B31.75B34.07B34.70B
Current Liabilities --7.45B6.99B10.03B6.13B6.06B5.82B5.89B5.46B5.63B7.09B8.27B9.43B9.58B-11.59B11.94B14.13B13.88B
Long Term Debt -------------12.77B14.26B-11.80B13.79B14.69B15.16B
Total Debt ----------------13.63B15.68B16.49B17.02B
Total Equity -17.69B11.92B12.57B13.44B10.34B9.51B10.62B7.24B5.52B5.36B7.13B8.19B8.82B10.58B-15.31B14.79B15.29B16.67B
Shares Outstanding ----------------153.16M150.11M144.95M142.00M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 2.89B3.21B2.13B2.45B2.12B2.64B2.48B2.59B2.16B2.81B2.61B3.83B4.30B4.30B-2.90B3.88B4.39B4.76B
Investing Cash Flow -1.43B-626.00M866.00M-760.00M680.00M-84.00M-346.00M-645.00M-431.00M-805.00M-889.00M-8.88B-1.21B-1.21B--1.24B-1.58B-1.75B-1.16B
Financing Cash Flow -1.51B-2.04B-1.23B-1.27B-3.49B-1.70B-849.00M-3.23B-3.27B-1.79B6.96B-4.59B-2.42B-432.00M--2.61B-1.76B-1.40B-3.55B
Capital Expenditure -681.00M-681.00M-473.00M-585.00M-492.00M-331.00M-364.00M-561.00M-471.00M-920.00M-928.00M-1.25B-1.26B-1.42B--1.44B-1.77B-1.77B-1.45B
Free Cash Flow 2.21B2.53B1.66B1.87B1.62B2.31B2.12B2.03B1.69B1.89B1.69B2.58B3.03B2.88B-1.47B2.10B2.62B3.31B
Net Change in Cash ----------------953.00M532.00M1.24B50.00M
Share Buybacks 1.18B1.55B1.10B1.18B2.29B1.32B2.37B2.67B3.18B1.55B393.00M1.26B744.00M490.00M3.71B1.50B1.50B2.51B1.62B

Ratios (Annual)

Figures in %.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ---------------20.4%16.7%20.4%19.8%
Operating Margin % ---------13.3%12.4%12.6%11.7%11.0%15.8%9.8%6.5%10.6%10.2%
Net Margin % ---------8.3%11.0%10.7%6.6%8.7%19.6%13.4%5.2%10.2%10.0%
ROE % 10.1%-10.6%13.4%15.3%20.5%20.8%18.4%28.6%36.0%38.1%40.2%39.4%25.5%30.1%-32.0%13.9%27.3%25.1%
ROCE % --1.2%9.8%13.2%17.0%15.3%15.2%15.5%16.2%16.4%11.5%12.9%12.5%11.7%-11.2%7.3%12.4%11.4%

Shareholding Pattern

Insiders
0.24%
Institutions
84.32%
Public Float
84.52%

Top Institutional Holders

#Holder% HeldSharesValue
1 State Street Corporation 9.15% 13.00M $7.33B
2 Blackrock Inc. 7.66% 10.88M $6.13B
3 Vanguard Capital Management LLC 6.30% 8.95M $5.04B
4 Capital International Investors 5.00% 7.10M $4.00B
5 Capital World Investors 4.85% 6.89M $3.88B
6 Wellington Management Group, LLP 3.50% 4.97M $2.80B
7 Morgan Stanley 2.54% 3.61M $2.03B
8 Vanguard Portfolio Management LLC 2.47% 3.51M $1.98B
9 Franklin Resources, Inc. 2.31% 3.28M $1.85B
10 Geode Capital Management, LLC 2.26% 3.21M $1.81B

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