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Northrop Grumman NOC Operating margin

Operating margin at other companies

Boeing logo
BoeingBA
4.9%+2.9pp
General Dynamics logo
General DynamicsGD
10.3%0.0pp
Raytheon Technologies logo
Raytheon TechnologiesRTX
11.2%+1.3pp
L3Harris Technologies logo
L3Harris TechnologiesLHX
10.3%+0.9pp
Lockheed Martin logo
Lockheed MartinLMT
11.9%+3.6pp
nLIGHT, Inc. logo
nLIGHT, Inc.LASR
-6.1%-2.7pp

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$77.07B-8.7%
Enterprise value$91.81B-8.2%
P/E17.1×-4.3×
P/S1.8×-0.3×

Profitability

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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

Calculated from Northrop Grumman’s reported figures.

Based on trailing twelve months.

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

Filed
Jul 21, 2026, 4:02 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001133421-26-000034

FAQ

What is Northrop Grumman's operating margin?
Northrop Grumman (NOC) reported operating margin of 10.7% in Q2 2026.
How has Northrop Grumman's operating margin changed year-over-year?
Northrop Grumman's operating margin increased by 3.2% year-over-year, from 10.4% to 10.7%.
What is the long-term trend for Northrop Grumman's operating margin?
Over 4 years (2020 to 2025), Northrop Grumman's operating margin has grown at a -0.7% compound annual growth rate (CAGR), from 11% to 10.8%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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