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Northrop Grumman NOC Net debt / EBITDA

Net debt / EBITDA at other companies

Boeing logo
BoeingBA
7.3×
General Dynamics logo
General DynamicsGD
-0.8×
Raytheon Technologies logo
Raytheon TechnologiesRTX
2.3×-1.2×
L3Harris Technologies logo
L3Harris TechnologiesLHX
2.1×-0.4×
Lockheed Martin logo
Lockheed MartinLMT
2.1×+0.4×
Leidos Holdings logo
Leidos HoldingsLDOS
2.6×+0.4×

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

Calculated from Northrop Grumman’s reported figures.

Based on the most recent quarter.

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 net debt / EBITDA?
Northrop Grumman (NOC) reported net debt / EBITDA of 2.3× in Q1 2026.
How has Northrop Grumman's net debt / EBITDA changed year-over-year?
Northrop Grumman's net debt / EBITDA decreased by 18.3% year-over-year, from 2.9× to 2.3×.
What is the long-term trend for Northrop Grumman's net debt / EBITDA?
Over 2 years (2021 to 2025), Northrop Grumman's net debt / EBITDA has grown at a 34.6% compound annual growth rate (CAGR), from 5.9× to 10.6×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.