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Northrop Grumman NOC Ratios & Valuation

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Profitability
Operating margin43.3%41.3%41.2%
Net margin40.3%38.7%38.9%
EBITDA margin57%54.8%54.5%
Free cash flow margin23.4%+0.1pp20%-4.2pp18.5%-4.7pp20.1%-2.4pp23.3%+1.2pp
Returns
Return on equity107.3%104.2%105.8%
Return on assets34%32.4%32.8%
Return on invested capital49%46.7%46.9%
Efficiency
Asset turnover3.4×-0.1×3.3×-0.1×3.4×-0.1×3.4×-0.1×3.4×0.0×
Liquidity
Current ratio4.4×+0.2×4.2×-0.1×4.1×-0.4×4.1×-0.6×4.2×-0.6×
Quick ratio+0.3×3.8×-0.1×3.7×-0.4×3.6×-0.6×3.7×-0.6×
Cash ratio0.8×-0.2×0.7×-0.3×0.7×-0.3×0.8×-0.1×0.9×-0.1×
Leverage
Debt-to-equity4.3×-0.5×4.4×-0.6×4.5×-0.3×4.7×+0.1×4.8×+0.4×
Debt-to-assets1.4×-0.1×1.4×-0.1×1.4×-0.1×1.4×0.0×1.5×0.0×
Net debt / EBITDA10.1×10.6×10.9×
Per Share
Book value per share$454.91+12.4%$438.21+10.5%$426.06+9.2%$415.32+5.3%$404.70+1.3%
Valuation
Market capitalization$335.11B+17.5%$312.4B+10.6%$299.4B+5.1%$290.04B+6.1%$285.29B+2.8%
Enterprise value$394.73B+14.8%$371.98B+9.0%$359.53B+5.0%$349.42B+5.9%$343.94B+3.5%
Price / earnings80×78.8×75.7×
Price / sales8.1×+1.1×7.6×+0.7×7.4×+0.3×7.1×+0.2×-0.1×
Price / book20.5×+1.3×19.8×+0.5×19.4×-0.2×19.2×+0.7×19.2×+0.8×
EV / EBITDA66.7×66.3×64.9×
EV / sales9.5×+1.1×9.1×+0.7×8.8×+0.3×8.6×+0.3×8.4×-0.1×
Free cash flow yield11.5%-2.0pp10.4%-3.6pp10.2%-3.0pp11.3%-1.9pp13.5%+1.1pp
Earnings yield20.1%20.4%21.4%
Dividend yield6.2%-0.5pp6.4%-0.2pp6.6%+0.1pp6.6%0.0pp6.6%+0.2pp

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Questions, answered.

Where do Northrop Grumman's ratios come from?
Every ratio is computed from Northrop Grumman's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.