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Northrop Grumman NOC Product — Total operating costs and expenses

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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:OperatingExpenses.

The source filing: Northrop Grumman’s 10-Q, filed July 21, 2026.

Filed
Jul 21, 2026, 4:02 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001133421-26-000034
$ in millions, except per share amountsThree Months Ended June 30 / 2026Three Months Ended June 30 / 2025Six Months Ended June 30 / 2026Six Months Ended June 30 / 2025
Product7,1556,52613,58812,892
Service1,6001,6153,0883,137
General and administrative expenses1,0251,0161,9962,023
Total operating costs and expenses9,7809,15718,67218,052
Gain on sale of business231231
Operating income1,0961,4252,0851,998
Other (expense) income
Interest expense(161)(173)(323)(329)

Item 1. Financial Statements (Unaudited)

FAQ

What is Northrop Grumman's product — total operating costs and expenses?
Northrop Grumman (NOC) reported product — total operating costs and expenses of $7.95B in Q2 2026.
How has Northrop Grumman's product — total operating costs and expenses changed year-over-year?
Northrop Grumman's product — total operating costs and expenses increased by 8.6% year-over-year, from $7.32B to $7.95B.
What is the long-term trend for Northrop Grumman's product — total operating costs and expenses?
Over 3 years (2022 to 2025), Northrop Grumman's product — total operating costs and expenses has grown at a 6.4% compound annual growth rate (CAGR), from $25.28B to $30.46B.
What does product — total operating costs and expenses mean?
This metric encompasses the total expenditure required to support the product segment, including both direct cost of sales and allocated operating expenses such as research, development, and administrative overhead. It provides a comprehensive view of the total resource consumption required to maintain the company's hardware manufacturing capabilities. This is a critical figure for evaluating the overall cost structure and operational sustainability of the product-focused business units.

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