What is Northrop Grumman's operating income?

Northrop Grumman (NOC) reported operating income of $989M in Q1 2026.

How has Northrop Grumman's operating income changed year-over-year?

Northrop Grumman's operating income increased by 72.6% year-over-year, from $573M to $989M.

What is the long-term trend for Northrop Grumman's operating income?

Over 3 years (2021 to 2025), Northrop Grumman's operating income has grown at a -7.2% compound annual growth rate (CAGR), from $5.65B to $4.51B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Northrop Grumman NOC Operating Income

Operating Income at other companies

BoeingBA

$448M-2.8%

Frequency ElectronicsFEIM

$1.27M-63.4%

General DynamicsGD

$1.42B+12.0%

Raytheon TechnologiesRTX

$2.56B+25.6%

L3Harris TechnologiesLHX

$652M+24.2%

Lockheed MartinLMT

$2.06B-13.0%

Segments

By segment

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Mission Systems$433M+19.9%

Aeronautics Systems$305M+267%

Space Systems$235M-17.0%

Defense Systems$184M+2.8%

By product

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B-21 Program LRIP Options 1-4-$157M—

GEM 63 Program-$71M—

Other financials

Income statement

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Revenue$9.9B+4.4%

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$70.92B-1.0%

Enterprise value$85.91B-0.8%

P/E15.5×-3.8×

P/S1.7×-0.1×

Profitability

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Operating margin11.6%+2.0pp

Net margin10.8%+1.6pp

FCF margin7.8%+3.4pp

Returns & leverage

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Return on equity28.5%+3.1pp

Debt / equity1×-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:OperatingIncomeLoss.

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 operating income?: Northrop Grumman (NOC) reported operating income of $989M in Q1 2026.
How has Northrop Grumman's operating income changed year-over-year?: Northrop Grumman's operating income increased by 72.6% year-over-year, from $573M to $989M.
What is the long-term trend for Northrop Grumman's operating income?: Over 3 years (2021 to 2025), Northrop Grumman's operating income has grown at a -7.2% compound annual growth rate (CAGR), from $5.65B to $4.51B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.