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Northrop Grumman

NOC

Northrop Grumman is a leading global aerospace and defense technology company providing advanced systems and solutions for national security.

Market cap
$77.42B+6.7%
Revenue$42.4B+5.0%
Net income$4.6B+23.3%
Free cash flow$3.3B+86.1%
EPS (diluted)$31.92+26.0%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 21, 2026 (In 1 week)
Revenue estimate$10.8B
EPS estimate$6.81

Financials

Q1 2026

Income statement

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Revenue$9.9B+4.4%
Operating income$989.0M+72.6%
Net income$875.0M+81.9%
EPS (diluted)$6.14+84.9%

Balance sheet

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Cash & equivalents$2.1B+24.0%
Total debt$17.1B+2.7%
Total equity$17.1B+14.2%
Total assets$50.0B+3.2%

Cash flow

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Operating cash flow-$1.7B-5.8%
CapEx$167.0M-34.8%
Free cash flow-$1.8B-0.1%

Valuation & ratios

Valuation

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Market cap$77.98B+6.7%
Enterprise value$92.97B+4.8%
P/E17×-1.5×
P/S1.8×0.0×

Profitability

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Operating margin11.6%+2.0pp
Net margin10.8%+1.6pp
FCF margin7.8%+3.4pp

Returns & leverage

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Return on equity28.5%+3.1pp
Debt / equity-0.1×
Current ratio1.2×+0.2×

Segments

By segment

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Aeronautics Systems$3.3B+16.7%
Mission Systems$2.9B+1.9%
Space Systems$2.5B-3.4%
Defense Systems$1.9B+5.2%

By geography

See full
Europe$686.0M-2.6%
Intersegment sales$642.0M+22.1%
Asia/Pacific$442.0M+6.0%

Competitors

Profile

Northrop Grumman is a leading global aerospace and defense technology company providing advanced systems and solutions for national security. The company specializes in space systems, military aircraft, missile defense, and strategic deterrence, primarily serving the U.S. government and its allies. Its core value proposition lies in delivering breakthrough technologies in cyber, microelectronics, and autonomous systems to connect and protect global defense infrastructure.

Competitive position

A dominant prime contractor in the U.S. defense market with a significant portion of revenue derived from restricted/classified programs and long-term government contracts.

GeographiesUnited States, Japan, Australia, France, South Korea, Poland
Customer segmentsFederal Government, Intelligence Agencies, Military Organizations, Civil Space Agencies
Business modelGovernment Contracting, Cost-plus Contracting, Fixed-price Contracting, Manufacturing
SuppliersMicroelectronics suppliers, Raw material providers (specialized metals), Subcontractors, Energy and fuel providers
CustomersU.S. Department of Defense, U.S. Intelligence Community, NASA, Allied Foreign Governments
Listed1972
Employees101.0K
CEOKathy J. Warden
FilingsSEC EDGAR

Questions, answered.

What is Northrop Grumman's market cap?
Northrop Grumman (NOC) has a market capitalization of $77.4B and trades on NYSE.
What is Northrop Grumman's revenue and profitability?
Northrop Grumman generated $42.4B in trailing twelve-month revenue with net income of $4.6B, representing a net margin of 10.8%, with free cash flow of $3.3B. These figures are based on the Q1 2026 filing.
Who are Northrop Grumman's competitors?
Northrop Grumman's key competitors include Lockheed Martin Corporation, General Dynamics Corporation, RTX Corporation, and others. These companies compete in similar markets and product categories.
Who does Northrop Grumman partner with?
Northrop Grumman's notable partners include Lockheed Martin Corporation, The Boeing Company, NASA.
What subsidiaries does Northrop Grumman have?
Northrop Grumman's subsidiaries include Orbital ATK, Grumman Corporation, Litton Industries.
Where is Northrop Grumman headquartered?
Northrop Grumman is headquartered in United States of America and employs approximately 101,000 people. It has been publicly traded since 1972.