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Segments

By segment

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Space Systems$99M+17.9%
Aeronautics Systems$86M-6.5%
Mission Systems$70M+2.9%
Corporate$68M+6.3%
Defense Systems$44M+4.8%

Other financials

Income statement

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Revenue$10.9B+5.1%
Operating income$1.1B-23.1%
Net income$1.1B-6.8%
EPS (diluted)$7.68-5.8%

Balance sheet

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Cash & equivalents$2.3B+21.5%
Total debt$17.1B-2.6%
Total equity$17.9B+15.6%
Total assets$50.8B+2.7%

Cash flow

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Operating cash flow-$1.7B-5.8%
CapEx$302.0M+30.7%
Free cash flow-$1.8B-0.1%

Valuation

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Market cap$79.2B-6.1%
Enterprise value$93.94B-6.1%
P/E17.6×-3.8×
P/S1.9×-0.2×

Profitability

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Operating margin10.7%+0.3pp
Net margin10.5%+0.7pp
FCF margin7.8%+3.4pp

Returns & leverage

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Return on equity27%+0.5pp
Debt / equity-0.2×
Current ratio1.2×+0.1×

Where this comes from

Reported directly by Northrop Grumman in its filing.

Tagged under the XBRL concept us-gaap:DepreciationDepletionAndAmortization.

The source filing: Northrop Grumman’s 10-Q, filed July 21, 2026.

Filed
Jul 21, 2026, 4:02 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001133421-26-000034
$ in millionsThree Months Ended June 30 / 2026Three Months Ended June 30 / 2025Six Months Ended June 30 / 2026Six Months Ended June 30 / 2025
Total capital expenditures$302$231$469$487
Depreciation and Amortization
Aeronautics Systems$86$92$177$181
Defense Systems44428885
Mission Systems7068139135
Space Systems9984195163
Corporate(1)6864140123
Total depreciation and amortization$367$350$739$687

Item 1. Financial Statements (Unaudited)

FAQ

What is Northrop Grumman's D&A?
Northrop Grumman (NOC) reported D&A of $367M in Q2 2026.
How has Northrop Grumman's D&A changed year-over-year?
Northrop Grumman's D&A increased by 4.9% year-over-year, from $350M to $367M.
What does D&A mean?
Non-cash expense representing the systematic allocation of tangible asset costs (depreciation) and intangible asset costs (amortization) over their useful lives.

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