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Northrop Grumman NOC Space Systems — D&A

Other segment segments

Aeronautics Systems
$86M-6.5%
Mission Systems
$70M+2.9%
Corporate
$68M+6.3%
Defense Systems
$44M+4.8%

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ALGNSystems and Services — D&A
$10.53M+24.4%
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MOG.ASpace And Defense — Depreciation, Depletion and Amortization
$7.23M+25.5%
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DCOStructural Systems — D&A
$4.56M-7.3%
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FSSSafety and Security Systems — D&A
$1.1M+10.0%
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VOYGSpace Solutions — Depreciation and amortization expense
$1.32M-27.6%

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:DepreciationDepletionAndAmortization.

The official record: Northrop Grumman’s 10-Q, filed July 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Northrop Grumman's space systems — D&A?
Northrop Grumman (NOC) reported space systems — D&A of $99M in Q2 2026.
How has Northrop Grumman's space systems — D&A changed year-over-year?
Northrop Grumman's space systems — D&A increased by 17.9% year-over-year, from $84M to $99M.
What is the long-term trend for Northrop Grumman's space systems — D&A?
Over 4 years (2021 to 2025), Northrop Grumman's space systems — D&A has grown at a 1.6% compound annual growth rate (CAGR), from $344M to $367M.
What does space systems — D&A mean?
This metric represents the non-cash expense allocated to the space systems segment to account for the gradual wear and tear of physical assets and the expiration of intangible assets over time. It is essential for understanding the true economic cost of maintaining the segment's asset base. This figure is often used to reconcile cash flow and assess the age and replacement cycle of the segment's equipment.