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Northrop Grumman NOC

$516.62
+$2.20 (+0.43%)
Market open · Sep 24, 2:00 pm ET
After hours $514.76 +0.07%
Open$514.85
Prev close$514.42
Day range$513.10 – $518.81
Volume223.0K
Market cap$73.39B
P/E (TTM)16.4
Dividend yield1.82%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$10.88B+5.1% YoY
Operating profit$1.10B-8.2% YoY
Net profit$1.09B-6.8% YoY
Diluted EPS$7.68-5.8% YoY
Free cash flow$978.00M+53.5% YoY
Operating cash flow$1.28B

Revenue, last 8 quarters

$10.0BSep '24$10.7BDec '24$9.5BMar '25$10.4BJun '25$10.4BSep '25$11.7BDec '25$9.9BMar '26$10.9BJun '26

Net profit, last 8 quarters

$1.0BSep '24$1.3BDec '24$481.0MMar '25$1.2BJun '25$1.1BSep '25$1.4BDec '25$875.0MMar '26$1.1BJun '26

Diluted EPS by quarter

7.00Sep '248.65Dec '243.32Mar '258.15Jun '257.67Sep '259.96Dec '256.14Mar '267.68Jun '26

Free cash flow by quarter

$730.0MSep '24$1.8BDec '24$-1.8BMar '25$637.0MJun '25$1.3BSep '25$3.2BDec '25$-1.8BMar '26$978.0MJun '26

Annual revenue

$36.8BFY20$35.7BFY21$36.6BFY22$39.3BFY23$41.0BFY24$42.0BFY25

Profitability & balance sheet

Gross margin20.1%
Operating margin10.7%
Net margin10.5%
Return on equity27.0%
Return on assets9.0%
Return on invested capital15.2%
Current ratio1.17
Liabilities / assets64.8%
Cash & investments$2.31B
Total debt$16.29B
Net cash (debt)-$13.98B
Free cash flow / sales8.5%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Aeronautics Systems$3.52B 30.3%
  • Mission Systems$3.25B 28.0%
  • Space Systems$2.75B 23.7%
  • Defense Systems$2.09B 18.0%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $10.88B $9.88B $41.95B $11.71B $10.42B
Total Operating Revenue $10.88B $9.88B $41.95B $11.71B $10.42B
Cost of Revenue $8.76B $7.92B $33.64B $9.42B $8.20B
Gross Profit $2.12B $1.96B $8.31B $2.30B $2.23B
Operating Expense $1.03B $971.00M $4.03B $1.03B $985.00M
Selling and Admin Expenses $1.03B $971.00M $4.03B $1.03B $985.00M
-General & Admin Expense $1.03B $971.00M $4.03B $1.03B $985.00M
Operating Profit $1.10B $989.00M $4.28B $1.27B $1.24B
Net Non-Operating Interest Income (Expense) -$161.00M -$162.00M -$665.00M -$175.00M -$161.00M
Non-Operating Interest Expense $161.00M $162.00M $665.00M $175.00M $161.00M
Other Income (Expense) $233.00M $203.00M $1.45B $644.00M $242.00M
Special Income (Charges) $0.00 – $231.00M $0.00 $0.00
-Gain on Sale Of Business $0.00 – $231.00M $0.00 $0.00
Other Non-Operating Income (Expenses) $233.00M $203.00M $1.22B $644.00M $242.00M
Pretax Profit $1.17B $1.03B $5.07B $1.74B $1.32B
Tax $74.00M $155.00M $886.00M $313.00M $223.00M
Net Profit $1.09B $875.00M $4.18B $1.43B $1.10B
Profit from Continuing Operations $1.09B $875.00M $4.18B $1.43B $1.10B
Net Income to Parent Company $1.09B $875.00M $4.18B $1.43B $1.10B
Net Income to Common Stockholders $1.09B $875.00M $4.18B $1.43B $1.10B
Basic EPS $7.70 $6.16 $29.14 $9.98 $7.69
Diluted EPS $7.68 $6.14 $29.08 $9.96 $7.67
Dividend Per Share $2.47 $2.31 $8.99 $2.31 $2.31

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $50.76B $50.01B $51.38B $51.38B $49.30B
Total Current Assets $15.59B $14.77B $15.29B $15.29B $14.11B
Cash and Cash Equivalents & Short-Term Investments $2.31B $2.09B $4.40B $4.40B $1.96B
-Cash and Cash Equivalents $2.31B $2.09B $4.40B $4.40B $1.96B
Receivables $10.26B $9.36B $7.92B $7.92B $9.01B
-Accounts Receivable $2.31B $1.81B $1.38B $1.38B $1.98B
-Other Receivables $7.95B $7.56B $6.54B $6.54B $7.03B
Inventory $1.42B $1.45B $1.31B $1.31B $1.62B
Other Current Assets $1.60B $1.87B $1.66B $1.66B $1.52B
Total Non-Current Assets $35.17B $35.24B $36.09B $36.09B $35.20B
Net PPE $12.20B $12.17B $12.83B $12.83B $12.33B
-Gross PPE $22.26B $22.02B $22.48B $22.48B $21.76B
-Accumulated Depreciation -$10.06B -$9.85B -$9.65B -$9.65B -$9.43B
Goodwill and Other Intangible Assets $17.44B $17.44B $17.44B $17.44B $17.66B
-Goodwill $17.44B $17.44B $17.44B $17.44B $17.44B
Defined Pension Benefit $3.45B $3.31B $3.17B $3.17B $2.50B
Non-Current Deferred Assets $598.00M $743.00M $1.05B $1.05B $1.26B
Other Non-Current Assets $1.49B $1.58B $1.60B $1.60B $1.46B
Total Liabilities $32.88B $32.89B $34.70B $34.70B $33.31B
Total Current Liabilities $13.35B $12.82B $13.88B $13.88B $12.72B
Payables $2.90B $2.68B $3.24B $3.24B $2.80B
-Accounts Payable $2.90B $2.68B $3.24B $3.24B $2.80B
Current Deferred Liabilities $3.82B $3.70B $4.09B $4.09B $3.56B
Other Current Liabilities $4.64B $4.71B $4.25B $4.25B $4.41B
Total Non-Current Liabilities $19.53B $20.07B $20.82B $20.82B $20.59B
Long Term Debt and Capital Lease Obligation $16.29B $16.32B $17.02B $17.02B $16.96B
-Long Term Debt $14.43B $14.41B $15.16B $15.16B $15.16B
-Long Term Capital Lease Obligation $1.86B $1.91B $1.86B $1.86B $1.80B
Employee Benefits $1.09B $1.10B $1.11B $1.11B $1.10B
Other Non-Current Liabilities $2.16B $2.66B $2.69B $2.69B $2.54B
Total Equity $17.88B $17.12B $16.67B $16.67B $15.99B
Stockholders' Equity $17.88B $17.12B $16.67B $16.67B $15.99B
Capital Stock $142.00M $142.00M $142.00M $142.00M $143.00M
-Common Stock $142.00M $142.00M $142.00M $142.00M $143.00M
-Preferred Stock $0.00 $0.00 $0.00 $0.00 $0.00
Additional Paid-In Capital $37.00M $8.00M $0.00 $0.00 $0.00
Retained Earnings $17.84B $17.10B $16.66B $16.66B $15.97B
Gains/Losses Not Affecting Retained Earnings -$134.00M -$131.00M -$126.00M -$126.00M -$123.00M
-Other Intangible Assets – – – – $220.00M

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $1.28B -$1.66B $4.76B $3.90B $1.56B
Net cash flow from continuing operations $1.28B -$1.66B $4.76B $3.90B $1.56B
Net Income from Continuing Operations $1.09B $875.00M $4.18B $1.43B $1.10B
Gain/Loss from Continuing Operations -$120.00M -$120.00M -$1.10B -$617.00M -$87.00M
Depreciation & Depletion & Amortization $367.00M $372.00M $1.47B $406.00M $379.00M
Deferred Tax $145.00M $308.00M $548.00M $204.00M $458.00M
Other Non-Cash Items -$57.00M -$34.00M $403.00M $536.00M -$81.00M
Change in Working Capital -$178.00M -$3.08B -$863.00M $2.36B -$237.00M
-Change in Receivables -$814.00M -$982.00M -$862.00M $1.09B $316.00M
-Change in Inventory $26.00M -$144.00M $97.00M $276.00M -$77.00M
-Change in Prepaid Assets $304.00M -$426.00M $27.00M $56.00M $20.00M
-Change in Payables and Accrued Expense $340.00M -$723.00M $87.00M $1.15B -$916.00M
-Change in Other Current Liabilities -$34.00M -$802.00M -$212.00M – –
Net cash flow from investing -$196.00M -$168.00M -$1.16B -$664.00M -$300.00M
Net Cash Flow from Continuing Investing Activities -$196.00M -$168.00M -$1.16B -$664.00M -$300.00M
Capital Expenditure -$302.00M -$167.00M -$1.45B -$662.00M -$301.00M
Net Other Investing Changes -$1.00M -$1.00M -$38.00M -$2.00M $1.00M
Financing Cash Flow -$867.00M -$489.00M -$3.55B -$787.00M -$1.20B
Net Cash Flow from Continuing Financing Activities -$867.00M -$489.00M -$3.55B -$787.00M -$1.20B
Net Issuance Payments Of Debt -$498.00M -$29.00M -$502.00M $0.00 -$566.00M
Net Common Stock Issuance $0.00 -$68.00M -$1.62B -$456.00M -$277.00M
Cash Dividends Paid -$351.00M -$333.00M -$1.29B -$329.00M -$330.00M
Net Other Financing Charges -$18.00M -$59.00M -$133.00M -$2.00M -$26.00M
Ending Cash Balance $2.31B $2.09B $4.40B $4.40B $1.96B
Net Change in Cash $217.00M -$2.31B $50.00M $2.45B $58.00M
Beginning Cash Balance $2.09B $4.40B $4.35B $1.96B $1.90B
Free Cash Flow $978.00M -$1.82B $3.31B $3.24B $1.26B
Net Business Purchase and Sale – – $333.00M $0.00 $0.00
Net Investment Purchase and Sale – – $0.00 – –
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