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Northrop Grumman (NOC)

NYSE Industrials Aerospace & Defense S&P 500
$525.01
-0.24 (-0.05%)
Close of Nov 06, 2026 · end-of-day data
Source: Northrop Grumman's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 09, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$24.71B$26.00B$30.09B$33.84B$36.80B$35.67B$36.60B$39.29B$41.03B$41.95B
Cost of revenue$11.00B$12.27B————————
Gross profit$13.70B$13.73B————————
Research & development$705.00M$639.00M$764.00M$953.00M$1.10B$1.10B$1.20B$1.20B$1.10B$1.10B
Operating income$3.28B$3.22B$3.78B$3.97B$4.07B$5.65B$3.60B$2.54B$4.37B$4.51B
Pre-tax income$2.68B$4.23B$3.74B$2.55B$3.73B$8.94B$5.84B$2.35B$5.02B$5.07B
Income tax$638.00M$1.36B$513.00M$300.00M$539.00M$1.93B$940.00M$290.00M$842.00M$886.00M
Net income$2.04B$2.87B$3.23B$2.25B$3.19B$7.00B$4.90B$2.06B$4.17B$4.18B
EBITDA$3.73B$3.69B$4.58B$5.23B$5.33B$6.89B$4.94B$3.88B$5.74B$5.98B
EPS (basic)$11.42$16.45$18.59$13.28$19.08$43.70$31.61$13.57$28.39$29.14
EPS (diluted)$11.32$16.34$18.49$13.22$19.03$43.54$31.47$13.53$28.34$29.08
Diluted shares180.50M175.60M174.60M170.00M167.60M160.90M155.60M152.00M147.30M143.80M
Gross margin55.5%52.8%————————
Operating margin13.3%12.4%12.6%11.7%11.0%15.8%9.8%6.5%10.6%10.8%
Net margin8.3%11.0%10.7%6.6%8.7%19.6%13.4%5.2%10.2%10.0%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$2.54B$11.22B$1.58B$2.25B$4.91B$3.53B$2.58B$3.11B$4.35B$4.40B
Receivables—$1.05B$1.45B$1.33B$1.50B$1.47B$1.51B$1.45B$1.27B$1.38B
Inventory$816.00M$398.00M$654.00M$783.00M$759.00M$811.00M$978.00M$1.11B$1.46B$1.31B
Total current assets$6.86B$16.59B$9.68B$10.69B$15.34B$12.43B$12.49B$13.71B$14.27B$15.29B
Goodwill$12.45B$12.46B$18.67B$18.71B$17.52B$17.52B$17.52B$17.52B$17.51B$17.44B
Total assets$25.61B$35.13B$37.65B$41.09B$44.47B$42.58B$43.76B$46.54B$49.36B$51.38B
Total current liabilities$5.63B$7.09B$8.27B$9.43B$9.58B$9.53B$11.59B$11.94B$14.13B$13.88B
Short-term debt$12.00M$867.00M$517.00M$1.11B$742.00M$6.00M$1.07B$70.00M$1.58B$534.00M
Long-term debt$7.07B$15.27B$14.40B$12.77B$14.26B$12.78B$11.80B$13.79B$14.69B$15.16B
Total debt$7.08B$16.13B$14.92B$13.88B$15.00B$12.78B$12.88B$13.86B$16.27B$15.70B
Total liabilities$20.36B$28.00B$29.47B$32.27B$33.89B$29.65B$28.44B$31.75B$34.07B$34.70B
Shareholders' equity$5.36B$7.13B$8.19B$8.82B$10.58B$12.93B$15.31B$14.79B$15.29B$16.67B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$2.81B$2.61B$3.83B$4.30B$4.30B$3.57B$2.90B$3.88B$4.39B$4.76B
Capital expenditures$920.00M$928.00M$1.25B$1.26B$1.42B$1.42B$1.44B$1.77B$1.77B$1.45B
Free cash flow$1.89B$1.69B$2.58B$3.03B$2.88B$2.15B$1.47B$2.10B$2.62B$3.31B
Investing cash flow-$805.00M-$889.00M-$8.88B-$1.21B-$1.21B$2.06B-$1.24B-$1.58B-$1.75B-$1.16B
Financing cash flow-$1.79B$6.96B-$4.59B-$2.42B-$432.00M-$7.00B-$2.61B-$1.76B-$1.40B-$3.55B
Dividends paid$640.00M$689.00M$821.00M$880.00M$953.00M$983.00M$1.05B$1.12B$1.19B$1.29B
Share buybacks$1.55B$393.00M$1.26B$744.00M$490.00M$3.71B$1.50B$1.50B$2.51B$1.62B
Stock-based compensation$93.00M$94.00M$86.00M$127.00M$90.00M$94.00M$99.00M$87.00M$101.00M$119.00M
Depreciation & amortization$456.00M$475.00M$800.00M$1.26B$1.27B$1.24B$1.34B$1.34B$1.37B$1.47B

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.