What is Northrop Grumman's net income?

Northrop Grumman (NOC) reported net income of $875M in Q1 2026.

How has Northrop Grumman's net income changed year-over-year?

Northrop Grumman's net income increased by 81.9% year-over-year, from $481M to $875M.

What is the long-term trend for Northrop Grumman's net income?

Over 3 years (2021 to 2025), Northrop Grumman's net income has grown at a -15.8% compound annual growth rate (CAGR), from $7.01B to $4.18B.

What does net income mean?

Net income as the starting point for the indirect method operating cash flow reconciliation.

Northrop Grumman NOC Net Income

Net Income at other companies

BoeingBA

-$7M+77.4%

General DynamicsGD

$1.13B+13.2%

L3Harris TechnologiesLHX

$512M+32.6%

Lockheed MartinLMT

$1.49B-13.1%

nLIGHT, Inc.LASR

$645K+108%

Leidos HoldingsLDOS

$335M-8.2%

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$72.34B+9.7%

Enterprise value$87.32B+7.3%

P/E15.8×-0.9×

P/S1.7×+0.1×

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 / equity1×-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:NetIncomeLoss.

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 income?: Northrop Grumman (NOC) reported net income of $875M in Q1 2026.
How has Northrop Grumman's net income changed year-over-year?: Northrop Grumman's net income increased by 81.9% year-over-year, from $481M to $875M.
What is the long-term trend for Northrop Grumman's net income?: Over 3 years (2021 to 2025), Northrop Grumman's net income has grown at a -15.8% compound annual growth rate (CAGR), from $7.01B to $4.18B.
What does net income mean?: Net income as the starting point for the indirect method operating cash flow reconciliation.