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Northrop Grumman NOC Contract with Customer, Asset, after Allowance for Credit Loss

Contract with Customer, Asset, after Allowance for Credit Loss at other companies

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Other financials

Income statement

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Revenue$9.9B+4.4%
Operating income$989.0M+72.6%
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$78.14B+30.6%
Enterprise value$93.12B+25.5%
P/E17.1×+1.0×
P/S1.8×+0.4×

Profitability

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Operating margin11.6%+2.0pp
Net margin10.8%+1.6pp

Returns & leverage

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Return on equity28.5%+3.1pp
Debt / equity-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:ContractWithCustomerAssetNet.

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 contract with customer, asset, after allowance for credit loss?
Northrop Grumman (NOC) reported contract with customer, asset, after allowance for credit loss of $6.54B in Q4 2025.
What does contract with customer, asset, after allowance for credit loss mean?
The value of work performed on contracts that has been recognized as revenue but not yet billed to the customer.
How do you interpret contract with customer, asset, after allowance for credit loss?
An increase indicates a growing backlog of unbilled work, which may signal future cash inflows but current working capital strain.
How does contract with customer, asset, after allowance for credit loss compare across companies?
Common in aerospace and defense due to the prevalence of long-term, milestone-based government contracts.