NOC

Northrop Grumman
D

NOC

Arincen63/100B

If you had invested in Northrop Grumman ago, it would be worth $2,605 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

63/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Northrop Grumman key facts

Style
Value stock · 7.1/10Growth 3.3 · Value 7.1 · Dividend 5.6
Day range
542.76 – 550.60
52-week range
470.06 – 774.00
Market capitalization
77.73B USD
P/E
17.23
PEG ratio
3.18
EPS
31.76
Div Yield
1.81%
EPS growth forecast (FY2026)
+17.2%
Volume
2,977
Beta
-0.11
ESG score
67.9/100Environment 64 · Social 62 · Governance 77
Sector
Industrials
Industry
Aerospace & Defense
CEO
Kathy J. Warden
Employees
95K
IPO date
31 Dec 1981

Northrop Grumman earnings

Next earnings · Q4 FY2026
EPS estimate
7.97 USD
Revenue estimate
12.21B USD
Last quarter · Q3 FY2026
EPS7.89Beat +9.9%Revenue11.12BMissed -0.2%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q2 FY20287.95———12.29B———
Q1 FY20287.00——+9.28%11.14B——+6.87%
Q1 FY20276.41——+4.33%10.42B——+5.47%
Q4 FY20267.97——+10.24%12.21B——+4.21%
Q3 FY20267.187.89+9.89%+2.87%11.14B11.12B-0.16%+6.71%
Q2 FY20266.827.68+12.61%+8.02%10.80B10.88B+0.69%+5.07%
Q1 FY20266.066.14+1.32%+84.94%9.75B9.88B+1.34%+4.36%
Q4 FY20256.987.23+3.58%+13.15%11.62B11.71B+0.78%+9.60%
Q3 FY20256.447.67+19.10%+9.57%10.72B10.42B-2.75%+4.27%
Q2 FY20256.927.11+2.75%+11.79%10.06B10.35B+2.86%+1.30%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Northrop Grumman analyst forecast

12-month price target
616.62 USD
+12.70%

Analysts' 1-year price targets range from 430.00 to 745.00, with an average of 616.62.

Past year
1-year forecast
Strong sellStrong buy
Buy
18 ratings
Buy
10
Hold
7
Sell
1

12-month price target

Highest target745.00
Average target616.62
Lowest target430.00
Current price547.13

Northrop Grumman valuation

Price to earnings ratio (TTM)
17.23
Forward P/E (FY2026)
18.43
Price to sales (TTM)
1.78
Price to book
4.16
EV / EBITDA (TTM)
12.22

Capital structure

Market capitalization
77.73B USD
+
Total debt
16.64B USD
−
Cash and short-term investments
3.74B USD
=
Enterprise value
90.62B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)16.82————
FY2027 (est.)18.3216.82———
FY2026 (est.)18.4318.32———
Now (TTM)17.2318.341.784.1612.22
FY202519.5719.211.954.9113.49
FY202416.5318.011.684.5112.40
FY202334.5018.011.814.7920.28
FY202217.2623.922.315.5212.85
FY20218.8615.701.744.808.56

Northrop Grumman against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Howmet Aerospace, TransDigm Group, General Dynamics, L3Harris Technologies, Honeywell Aerospace, and HEICO, the US Aerospace & Defense companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median17.2
    8.535.4
  • Gross marginBelow its median19.8%
    16.7%20.4%
    Against its peers: 6 of 7Peers' median 34.5%
  • Operating marginAbove its median10.8%
    6.5%15.8%
    Against its peers: 5 of 7Peers' median 20.7%
  • Net marginBelow its median10.0%
    5.2%19.6%
    Against its peers: 5 of 7Peers' median 12.8%
  • Return on equityBelow its median25.1%
    13.9%54.2%
    Against its peers: 2 of 6Peers' median 16.4%
  • Free cash flow marginHighest in 5 years7.9%
    4.0%7.9%
    Against its peers: 6 of 7Peers' median 17.9%
  • Revenue growthBelow its median2.2%
    -3.1%7.3%
    Against its peers: 7 of 7Peers' median 11.1%
  • EPS growthAt its median2.6%
    -57.0%128.8%
    Against its peers: 6 of 7Peers' median 19.3%
  • Debt to EBITDAAt its median2.48×
    1.68×3.79×
    Against its peers: 5 of 7Peers' median 1.67×
  • Current ratioAt its median1.09
    1.001.28
    Against its peers: 7 of 7Peers' median 1.79

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Northrop Grumman growth and profitability

Revenue (TTM)
43.59B USD
Net income (TTM)
4.52B USD
Gross margin
20.02%
Operating margin
10.61%
Net margin
10.37%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202541.95B+2.24%4.18B+0.19%19.81%10.75%9.97%7.21B+5.35%
FY202441.03B+4.44%4.17B+103.02%20.38%10.65%10.17%6.84B+61.72%
FY202339.29B+7.34%2.06B-58.01%16.67%6.46%5.23%4.23B-44.96%
FY202236.60B+2.62%4.90B-30.11%20.42%9.84%13.38%7.68B-12.02%
FY202135.67B-3.08%7.01B+119.66%20.38%15.84%19.64%8.73B+56.30%

Northrop Grumman revenue breakdown

By product

FY2025
Aeronautics Systems: 29.3%Mission Systems: 28.2%Space Systems: 24.3%Defense Systems: 18.1%29.3%Aeronautics Systems28.2%Mission Systems24.3%Space Systems18.1%Defense Systems
SegmentRevenueShare of revenueChange on the year
Aeronautics Systems12.99B29.3%+8.0%
Mission Systems12.51B28.2%+9.7%
Space Systems10.77B24.3%-8.2%
Defense Systems8.00B18.1%-6.5%

By region

FY2025
Europe: 63.1%Asia Pacific: 36.9%63.1%Europe36.9%Asia Pacific
RegionRevenueShare of revenueChange on the year
Europe3.29B63.1%+15.8%
Asia Pacific1.92B36.9%+23.6%

How Northrop Grumman makes its money

Revenue41.95B 100.0%
Cost of revenue33.64B 80.2%
Gross profit8.31B 19.8%
Research and development1.10B 2.6%
Selling and administration4.03B 9.6%
Operating income4.51B 10.8%
Tax886.00M 2.1%
Net income4.18B 10.0%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Northrop Grumman dividends

Annual dividend
9.88 USD
Dividend yield (indicated)
1.81%
Payout ratio
30.10%
Years of dividend growth
23
Frequency
Quarterly
Last payment
2.47 USD
Last ex-dividend date
31 Aug 2026
Last payment date
16 Sept 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share8.998.057.346.766.165.675.164.703.903.50

Northrop Grumman financial health

Cash and short-term investments
3.74B USD
Total debt
16.64B USD
Net cash
-12.89B USD
Free cash flow (TTM)
3.83B USD
Current ratio
1.23
Debt to equity
0.89
Piotroski score
8 / 9
Altman Z-score
3.09

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20254.40B17.88B3.31B
FY20244.35B18.40B2.62B
FY20233.11B16.05B2.10B
FY20222.58B15.00B1.47B
FY20213.53B14.66B2.15B

Northrop Grumman ownership

Institutions
85.12%
Institutional holders
1,875 (-77)
Free float
99.68%

Who owns the shares

Institutions 85.1% Others 14.9%
As of 30 Jun 2026

Shares free to trade

Free float 141.61M shares ·99.7% Closely held 456.96K shares ·0.3%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 202605641.001.02K
Q3 202601036.08K95.00
Q2 20260113.65K95.00
Q1 2026032152.95K141.26K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025143.50M143.80M-2.38%
FY2024147.00M147.30M-3.09%
FY2023151.50M152.00M-2.31%
FY2022154.90M155.60M-3.29%
FY2021160.30M160.90M-4.00%

Source: Financial Modeling Prep

Related Instruments News

Title: Northrop Grumman Corp

Sector: Industrials
Industry: Aerospace & Defense
Northrop Grumman is a diversified defense contractor providing aeronautics, defense, and space systems. The company's aerospace segment produces autonomous and piloted aircraft such as Global Hawk drones and the B-21 bomber, creates the fuselage for the massive F-35 program, and maintains and upgrades numerous other military aircraft. Defense systems makes artillery and missile ammunition and guidance systems, long-range missiles, and missile defense systems. Mission systemscreates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Space systems produces satellites, sensors, space structures, and rocket motors.

Common questions about Northrop Grumman stock