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Northrop Grumman NOC Product — Cost of Sales

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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

Reported directly by Northrop Grumman in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

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 product — cost of sales?
Northrop Grumman (NOC) reported product — cost of sales of $6.43B in Q1 2026.
How has Northrop Grumman's product — cost of sales changed year-over-year?
Northrop Grumman's product — cost of sales increased by 1.1% year-over-year, from $6.37B to $6.43B.
What is the long-term trend for Northrop Grumman's product — cost of sales?
Over 4 years (2021 to 2025), Northrop Grumman's product — cost of sales has grown at a 5.2% compound annual growth rate (CAGR), from $22.31B to $27.28B.
What does product — cost of sales mean?
The direct costs incurred to manufacture and deliver physical defense products.
How do you interpret product — cost of sales?
An increase relative to revenue suggests margin compression due to rising material or labor costs, while a decrease suggests improved manufacturing efficiency.
How does product — cost of sales compare across companies?
Comparable to Cost of Goods Sold (COGS) for hardware segments in the industrial and defense manufacturing sectors.