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Northrop Grumman NOC Price / sales

Price / sales at other companies

Boeing logo
BoeingBA
1.7×-0.2×
General Dynamics logo
General DynamicsGD
1.7×+0.2×
Raytheon Technologies logo
Raytheon TechnologiesRTX
2.9×+0.7×
L3Harris Technologies logo
L3Harris TechnologiesLHX
1.5×+0.5×
Lockheed Martin logo
Lockheed MartinLMT
1.9×+0.4×
Leidos Holdings logo
Leidos HoldingsLDOS
1.1×0.0×

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×

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 / sales?
Northrop Grumman (NOC) reported price / sales of 2.3× in Q1 2026.
How has Northrop Grumman's price / sales changed year-over-year?
Northrop Grumman's price / sales increased by 24.5% year-over-year, from 1.8× to 2.3×.
What is the long-term trend for Northrop Grumman's price / sales?
Over 4 years (2021 to 2025), Northrop Grumman's price / sales has grown at a 5.7% compound annual growth rate (CAGR), from 6.1× to 7.6×.
What does price / sales mean?
How many dollars investors pay for each dollar of the company's annual sales.
How do you interpret price / sales?
Useful when earnings are negative or volatile (e.g. early-stage or cyclical firms). Only comparable across companies with similar margins — a sales dollar is worth more at a high-margin business.
How does price / sales compare across companies?
Best compared within a margin cohort; a software P/S and a retailer P/S are not directly comparable.