Northrop Grumman Corp (NOC) Financial Statements
Industry: Search, Detection, Navigation, Guidance, Aeronautical Sys
In fiscal 2025, Northrop Grumman reported revenue of $41.95B, up 2.2% from $41.03B the year before. Net income was $4.18B (a 10.0% net margin), or $29.08 per diluted share. Gross margin was 35.0% and operating margin was 10.8%. Operating activities generated $4.76B of cash, leaving $3.31B of free cash flow. At fiscal year end, Northrop Grumman held $51.38B in total assets against $34.70B in total liabilities, including $4.40B of cash and equivalents.
Open the full interactive Northrop Grumman financials → Quarterly statements, key ratios, valuation history and price charts.
Northrop Grumman Key Stats
| Share Price | $481.38 |
|---|---|
| Market Cap | $68.55B |
| P/E Ratio | 16.6 |
| Revenue YoY Growth | +2.2% |
| 52-Week Range | $473.46 – $761.19 |
| Shares Outstanding | 142.1 million (basic, 2026 Q2) |
Northrop Grumman Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $36.80B | $35.67B | $36.60B | $39.29B | $41.03B | $41.95B |
| Cost of Goods Sold | $21.56B | $22.31B | $22.76B | $26.23B | $26.19B | $27.28B |
| Gross Profit | $15.24B | $13.36B | $13.84B | $13.06B | $14.85B | $14.67B |
| Operating Income | $4.07B | $5.65B | $3.60B | $2.54B | $4.37B | $4.51B |
| Pre-Tax Income | $3.73B | $8.94B | $5.84B | $2.35B | $5.02B | $5.07B |
| Income Tax | $539.0M | $1.93B | $940.0M | $290.0M | $842.0M | $886.0M |
| Net Income | $3.19B | $7.00B | $4.90B | $2.06B | $4.17B | $4.18B |
| Diluted EPS | $19.03 | $43.54 | $31.47 | $13.53 | $28.34 | $29.08 |
Northrop Grumman Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $10.42B | $11.71B | $9.88B | $10.88B |
| Net Income | $1.10B | $1.43B | $875.0M | $1.09B |
| Diluted EPS | $7.67 | $9.92 | $6.14 | $7.68 |
Northrop Grumman Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.91B | $3.53B | $2.58B | $3.11B | — | $4.40B |
| Current Assets | $15.34B | $12.43B | $12.49B | $13.71B | $14.27B | $15.29B |
| Total Assets | $44.47B | $42.58B | $43.76B | $46.54B | $49.36B | $51.38B |
| Current Liabilities | $9.58B | $9.53B | $11.59B | $11.94B | $14.13B | $13.88B |
| Total Long-Term Debt | $15.00B | $12.78B | $12.88B | $13.86B | $16.27B | $15.70B |
| Total Liabilities | $33.89B | $29.65B | $28.44B | $31.75B | $34.07B | $34.70B |
| Shareholders' Equity | $10.58B | $12.93B | $15.31B | $14.79B | $15.29B | $16.67B |
Northrop Grumman Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $4.30B | $3.57B | $2.90B | $3.88B | $4.39B | $4.76B |
| Cash From Investing | -$1.21B | $2.06B | -$1.24B | -$1.58B | -$1.75B | -$1.16B |
| Cash From Financing | -$432.0M | -$7.00B | -$2.61B | -$1.76B | -$1.40B | -$3.55B |
| Free Cash Flow | $2.88B | $2.15B | $1.47B | $2.10B | $2.62B | $3.31B |
Figures from Northrop Grumman's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Northrop Grumman financials page for every line item.
Northrop Grumman Company Profile
| Ticker | NOC |
|---|---|
| Exchange | NYSE |
| Industry | Search, Detection, Navigation, Guidance, Aeronautical Sys |
| Headquarters | Falls Church, Virginia |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001133421 |
Frequently Asked Questions
What was Northrop Grumman's revenue in fiscal 2025?
Northrop Grumman (NOC) reported revenue of $41.95B for fiscal 2025.
What is Northrop Grumman's annual revenue history?
Northrop Grumman's annual revenue by fiscal year: 2020: $36.80B; 2021: $35.67B; 2022: $36.60B; 2023: $39.29B; 2024: $41.03B; 2025: $41.95B.
What was Northrop Grumman's net income in fiscal 2025?
Northrop Grumman reported net income of $4.18B for fiscal 2025.
What was Northrop Grumman's earnings per share (EPS) in fiscal 2025?
Northrop Grumman's diluted EPS was $29.08 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Northrop Grumman generate in fiscal 2025?
Northrop Grumman generated $3.31B of free cash flow in fiscal 2025.
What was Northrop Grumman's revenue last quarter?
In its most recent reported quarter (2026 Q2), Northrop Grumman reported revenue of $10.88B.
How much debt does Northrop Grumman have?
Northrop Grumman reported $15.70B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Northrop Grumman are outstanding?
Northrop Grumman reported a weighted average of 142.1 million basic shares outstanding in 2026 Q2.
What is Northrop Grumman's market cap?
Based on its latest closing price, Northrop Grumman (NOC) has a market capitalization of about $68.55B.
When does Northrop Grumman's fiscal year end?
Northrop Grumman's fiscal year end, as registered with the SEC, is December 31.
Where is Northrop Grumman headquartered?
Northrop Grumman lists its business address in Falls Church, Virginia in its SEC filings.
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