NOC
Northrop Grumman Corporation
NYSE: NOC · INDUSTRIALS · AEROSPACE & DEFENSE
$572.41
-0.94% today
Updated 2026-04-29
Market cap
$82.31B
P/E ratio
18.18
P/S ratio
1.94x
EPS (TTM)
$31.87
Dividend yield
1.61%
52W range
$446 – $774
Volume
0.9M
Northrop Grumman Corporation (NOC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.15B | $32.02B | $33.89B | $33.76B | $28.14B | $26.41B | $25.22B | $24.66B | $23.98B | $23.53B | $24.51B | $25.80B | $30.09B | $33.84B | $36.80B | $35.67B | $36.60B | $39.29B | $41.03B | $41.95B |
| Revenue growth (YoY) | — | +6.2% | +5.8% | -0.4% | -16.6% | -6.2% | -4.5% | -2.2% | -2.8% | -1.9% | +4.2% | +5.3% | +16.6% | +12.4% | +8.7% | -3.1% | +2.6% | +7.3% | +4.4% | +2.2% |
| Cost of revenue | $24.66B | $25.80B | $27.70B | $28.13B | $22.85B | $20.79B | $19.64B | $19.28B | $18.38B | $17.88B | $18.73B | $19.85B | $23.30B | $26.58B | $29.32B | $28.40B | $29.13B | $30.80B | $32.67B | $33.64B |
| Gross profit | $5.49B | $6.21B | $6.19B | $5.63B | $5.29B | $5.63B | $5.58B | $5.38B | $5.60B | $5.64B | $5.78B | $5.95B | $6.79B | $7.26B | $7.48B | $7.27B | $7.47B | $39.29B | $8.36B | $8.31B |
| Gross margin | 18.2% | 19.4% | 18.3% | 16.7% | 18.8% | 21.3% | 22.1% | 21.8% | 23.4% | 24.0% | 23.6% | 23.1% | 22.6% | 21.5% | 20.3% | 20.4% | 20.4% | 100.0% | 20.4% | 19.8% |
| R&D | $574.00M | $537.00M | $576.00M | $610.00M | $603.00M | $543.00M | $520.00M | $507.00M | $569.00M | $712.00M | $705.00M | $639.00M | $764.00M | $953.00M | $1.10B | $1.10B | $1.20B | $1.20B | $1.10B | $1.10B |
| SG&A | $3.03B | $3.21B | $3.24B | $3.14B | $3.08B | $2.35B | $2.45B | $2.26B | $2.40B | $2.57B | $2.63B | $2.71B | $3.01B | $3.29B | $3.41B | $3.60B | $3.87B | $4.01B | $3.99B | $4.03B |
| Operating income | $2.45B | $3.01B | $-111.00M | $2.48B | $2.83B | $3.28B | $3.13B | $3.12B | $3.20B | $3.08B | $3.19B | $3.30B | $3.78B | $3.97B | $4.07B | $5.65B | $3.60B | $2.54B | $4.37B | $4.28B |
| Operating margin | 8.1% | 9.4% | -0.3% | 7.4% | 10.0% | 12.4% | 12.4% | 12.7% | 13.3% | 13.1% | 13.0% | 12.8% | 12.6% | 11.7% | 11.0% | 15.8% | 9.8% | 6.5% | 10.6% | 10.2% |
| EBITDA | $3.15B | $3.73B | $688.00M | $3.28B | $3.38B | $3.85B | $3.69B | $3.62B | $3.68B | $3.56B | $3.39B | $4.93B | $5.10B | $4.23B | $5.59B | $8.73B | $7.68B | $2.54B | $6.84B | $7.21B |
| EBITDA margin | 10.5% | 11.6% | 2.0% | 9.7% | 12.0% | 14.6% | 14.6% | 14.7% | 15.4% | 15.1% | 13.8% | 19.1% | 17.0% | 12.5% | 15.2% | 24.5% | 21.0% | 6.5% | 16.7% | 17.2% |
| EBIT | $2.46B | $3.01B | $-73.00M | $2.70B | $2.83B | $3.30B | $3.18B | $3.12B | $3.22B | $3.09B | $2.94B | $4.45B | $4.30B | $2.97B | $4.32B | $7.50B | $6.34B | $2.54B | $5.47B | $5.73B |
| Interest expense | $347.00M | $336.00M | $295.00M | $281.00M | $269.00M | $221.00M | $212.00M | $257.00M | $282.00M | $301.00M | $301.00M | $360.00M | $562.00M | $528.00M | $593.00M | $556.00M | $506.00M | $545.00M | $621.00M | $665.00M |
| Income tax | $709.00M | $883.00M | $913.00M | $693.00M | $462.00M | $997.00M | $987.00M | $911.00M | $868.00M | $800.00M | $723.00M | $1.03B | $513.00M | $300.00M | $539.00M | $1.93B | $940.00M | $290.00M | $842.00M | $886.00M |
| Effective tax rate | 31.5% | 33.0% | -261.6% | 29.1% | 18.4% | 32.0% | 33.3% | 31.8% | 29.6% | 28.7% | 24.7% | 33.9% | 13.7% | 11.8% | 14.5% | 21.6% | 16.1% | 12.4% | 16.8% | 17.5% |
| Net income | $1.54B | $1.79B | $-1.26B | $1.69B | $2.05B | $2.12B | $1.98B | $1.95B | $2.07B | $1.99B | $2.20B | $2.02B | $3.23B | $2.25B | $3.19B | $7.00B | $4.90B | $2.06B | $4.17B | $4.18B |
| Net income growth (YoY) | — | +16.1% | -170.5% | +233.6% | +21.8% | +3.2% | -6.6% | -1.3% | +6.0% | -3.8% | +10.6% | -8.4% | +60.2% | -30.4% | +41.9% | +119.7% | -30.1% | -58.0% | +103.0% | +0.2% |
| Profit margin | 5.1% | 5.6% | -3.7% | 5.0% | 7.3% | 8.0% | 7.8% | 7.9% | 8.6% | 8.5% | 9.0% | 7.8% | 10.7% | 6.6% | 8.7% | 19.6% | 13.4% | 5.2% | 10.2% | 10.0% |