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Northrop Grumman NOC Operating Lease Liabilities

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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$80.65B-4.4%
Enterprise value$95.4B-4.6%
P/E17.9×-3.4×
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:OperatingLeaseLiabilityNoncurrent.

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 par valueJune 30, 2026December 31, 2025
Total current liabilities13,34513,882
Long-term debt, net of current portion of $763 for 2026 and $534 for 202514,42815,162
Pension and other postretirement benefit plan liabilities1,0861,110
Operating lease liabilities1,8611,857
Other non-current liabilities2,1592,692
Total liabilities32,87934,703
Commitments and contingencies (Note 7)
Shareholders’ equity

Item 1. Financial Statements (Unaudited)

FAQ

What is Northrop Grumman's operating lease liabilities?
Northrop Grumman (NOC) reported operating lease liabilities of $1.86B in Q2 2026.
How has Northrop Grumman's operating lease liabilities changed year-over-year?
Northrop Grumman's operating lease liabilities increased by 3.1% year-over-year, from $1.81B to $1.86B.
What is the long-term trend for Northrop Grumman's operating lease liabilities?
Over 5 years (2020 to 2025), Northrop Grumman's operating lease liabilities has grown at a 6.7% compound annual growth rate (CAGR), from $1.34B to $1.86B.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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