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Northrop Grumman NOC Deferred Revenue

Deferred Revenue at other companies

Boeing logo
BoeingBA
$62.59B+2.4%
General Dynamics logo
General DynamicsGD
$10.85B+11.0%
Raytheon Technologies logo
Raytheon TechnologiesRTX
$21.94B+15.2%
L3Harris Technologies logo
L3Harris TechnologiesLHX
$2.74B+28.8%
Lockheed Martin logo
Lockheed MartinLMT
$10.74B+14.5%
Leidos Holdings logo
Leidos HoldingsLDOS

Other financials

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

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Market cap$78.14B+30.6%
Enterprise value$93.12B+25.5%
P/E17.1×+1.0×
P/S1.8×+0.4×

Profitability

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

Returns & leverage

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

Where this comes from

Reported directly by Northrop Grumman in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The official record: Northrop Grumman’s 10-Q, filed April 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Northrop Grumman's deferred revenue?
Northrop Grumman (NOC) reported deferred revenue of $3.7B in Q1 2026.
How has Northrop Grumman's deferred revenue changed year-over-year?
Northrop Grumman's deferred revenue decreased by 0.4% year-over-year, from $3.71B to $3.7B.
What is the long-term trend for Northrop Grumman's deferred revenue?
Over 5 years (2020 to 2025), Northrop Grumman's deferred revenue has grown at a 10.2% compound annual growth rate (CAGR), from $2.52B to $4.09B.
What does deferred revenue mean?
Cash received from customers for work that has not yet been completed.
How do you interpret deferred revenue?
An increase indicates strong future demand and contract backlog, while a decrease suggests revenue is being recognized faster than new orders are received.
How does deferred revenue compare across companies?
Common in defense and aerospace; peers with large government contract backlogs will show significant deferred revenue.