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Northrop Grumman NOC Aeronautics Systems — Goodwill, Impaired, Accumulated Impairment Loss

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Space Systems
$121M0.0%
Defense Systems
$32M0.0%

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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$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:GoodwillImpairedAccumulatedImpairmentLoss.

The source filing: Northrop Grumman’s 10-K, filed January 27, 2026.

Filed
Jan 27, 2026, 4:02 PM EST
Fiscal year
FY2025
Accession
0001133421-26-000003

At December 31, 2025 and 2024, accumulated goodwill impairment losses totaled $417 million at Aeronautics Systems, $121 million at Space Systems, and $32 million at Defense Systems.

Item 8. Financial Statements and Supplementary Data

FAQ

What is Northrop Grumman's aeronautics systems — goodwill, impaired, accumulated impairment loss?
Northrop Grumman (NOC) reported aeronautics systems — goodwill, impaired, accumulated impairment loss of $417M in Q4 2025.
How has Northrop Grumman's aeronautics systems — goodwill, impaired, accumulated impairment loss changed year-over-year?
Northrop Grumman's aeronautics systems — goodwill, impaired, accumulated impairment loss decreased by 0.0% year-over-year, from $417M to $417M.
What does aeronautics systems — goodwill, impaired, accumulated impairment loss mean?
This tracks the total historical impairment losses recognized against the goodwill of the Aeronautics Systems segment due to a decline in the fair value of acquired assets. It serves as a cumulative measure of value destruction, indicating that the expected future cash flows from past acquisitions have fallen below their carrying value. High levels of accumulated impairment suggest historical overpayment or deteriorating market conditions for the segment's products.

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