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Northrop Grumman NOC Price / earnings

Price / earnings at other companies

Boeing logo
BoeingBA
69×
General Dynamics logo
General DynamicsGD
21.4×+3.0×
Raytheon Technologies logo
Raytheon TechnologiesRTX
35.8×-2.7×
L3Harris Technologies logo
L3Harris TechnologiesLHX
34.6×+9.4×
Lockheed Martin logo
Lockheed MartinLMT
29.1×+10.0×
Leidos Holdings logo
Leidos HoldingsLDOS
13.3×-0.7×

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/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

Calculated from Northrop Grumman’s reported figures.

Based on the most recent quarter.

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 price / earnings?
Northrop Grumman (NOC) reported price / earnings of 21.2× in Q1 2026.
How has Northrop Grumman's price / earnings changed year-over-year?
Northrop Grumman's price / earnings increased by 5.9% year-over-year, from 20× to 21.2×.
What is the long-term trend for Northrop Grumman's price / earnings?
Over 2 years (2021 to 2025), Northrop Grumman's price / earnings has grown at a 32.6% compound annual growth rate (CAGR), from 44.8× to 78.8×.
What does price / earnings mean?
How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?
Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?
Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.