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Northrop Grumman NOC Aeronautics Systems — Goodwill

Other segment segments

Space Systems
$3.94B0.0%
Defense Systems
$3.64B-2.0%

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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$75.98B-8.0%
Enterprise value$90.73B-7.6%
P/E16.9×-4.0×
P/S1.8×-0.3×

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:Goodwill.

The official record: Northrop Grumman’s 10-K, filed January 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Northrop Grumman's aeronautics systems — goodwill?
Northrop Grumman (NOC) reported aeronautics systems — goodwill of $3.97B in Q4 2025.
How has Northrop Grumman's aeronautics systems — goodwill changed year-over-year?
Northrop Grumman's aeronautics systems — goodwill decreased by 0.0% year-over-year, from $3.97B to $3.97B.
What does aeronautics systems — goodwill mean?
This represents the intangible asset value recorded when the Aeronautics Systems segment acquired other businesses for a price exceeding the fair market value of their net identifiable assets. It reflects the premium paid for synergies, brand reputation, and specialized defense technology capabilities within the aerospace division. Monitoring this balance is critical for assessing the long-term value of past acquisitions in the aeronautics portfolio.