What is Northrop Grumman's space systems — goodwill?

Northrop Grumman (NOC) reported space systems — goodwill of $3.94B in Q4 2025.

How has Northrop Grumman's space systems — goodwill changed year-over-year?

Northrop Grumman's space systems — goodwill decreased by 0.0% year-over-year, from $3.94B to $3.94B.

What does space systems — goodwill mean?

Represents the intangible asset value recorded when the Space Systems segment acquired other businesses for a price exceeding the fair value of their net identifiable assets. This reflects the premium paid for synergies, market position, and specialized defense technology capabilities within the space and satellite sector.

Northrop Grumman NOC Space Systems — Goodwill

Other segment segments

Aeronautics Systems

$3.97B0.0%

Defense Systems

$3.64B-2.0%

Similar metrics at other companies

VOYGSpace Solutions — Goodwill

$19.9M0.0%

CMTLSatellite and Space Communications — Goodwill

$30.54M0.0%

MOG.ASpace And Defense — Goodwill

$295.82M+14.0%

GDCombat Systems — Goodwill

$2.79B-1.2%

VOYGSpace Solutions — Gross goodwill

$48.35M0.0%

RDWSpace — Goodwill

$37.06M—

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 / equity1×-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 space systems — goodwill?: Northrop Grumman (NOC) reported space systems — goodwill of $3.94B in Q4 2025.
How has Northrop Grumman's space systems — goodwill changed year-over-year?: Northrop Grumman's space systems — goodwill decreased by 0.0% year-over-year, from $3.94B to $3.94B.
What does space systems — goodwill mean?: Represents the intangible asset value recorded when the Space Systems segment acquired other businesses for a price exceeding the fair value of their net identifiable assets. This reflects the premium paid for synergies, market position, and specialized defense technology capabilities within the space and satellite sector.