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Northrop Grumman Corporation

NOC Industrials Aerospace & Defense

Northrop Grumman Corporation’s revenue for fiscal 2025 (year ended December 2025) was $42.0 billion, up 2.24% from fiscal 2024. In the quarter to June 2026, revenue grew 5.07%, EPS fell 5.75%, free cash flow grew 53.5% and total debt fell 4.83%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years, revenue growth for three, operating cash flow growth for three.

519.86 20.23 +4.05%
Market cap
$71.0B
P/E
16.5×
Fwd P/E
19.5×
Dividend yield
1.84%
F-score
6/9
Altman Z
3.01
Beneish M
−2.42
Dividend safety
82/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Northrop Grumman Corporation (NOC) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, Northrop Grumman Corporation (NOC) trades at a EV/EBITDA of 14.0×. Over the past ten years it has ranged from 8.6× (April 2021) to 21.8× (September 2024); the current reading is higher than 50% of that period. That is below the Aerospace & Defense industry median of 18.1× and above the Industrials sector median of 12.6×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 15.5× 11.98%
FY2024 13.8× (34.61%)
FY2023 21.1× 12.42%
FY2022 18.8× 81.68%
FY2021 10.3× (8.46%)
FY2020 11.3× (13.95%)
FY2019 13.1× 9.71%
FY2018 12.0× (21.60%)
FY2017 15.3× 22.52%
FY2016 12.5× 10.90%

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 13.8× (18.73%)
Mar 2026 17.0× 9.75%
Dec 2025 15.5× (10.47%)
Sep 2025 17.3× 14.51%
42 more quarters

Against its own ten years

Low 8.6× High 21.8×
Ten-year median 14.1×
Current reading's percentile 50

EV/EBITDA against peers

Company EV/EBITDA
LMT Lockheed Martin Corporation compare 13.3×
NOC Northrop Grumman Corporation 14.0×
GD General Dynamics Corporation compare 14.6×
LHX L3Harris Technologies Inc compare 15.1×
TDG Transdigm Group Incorporated compare 19.0×
HEI.A Heico Corporation compare 23.8×
HEI Heico Corporation compare 31.2×
HWM Howmet Aerospace Inc. compare 32.8×
ESLT Elbit Systems Ltd. compare 35.8×
Aerospace & Defense industry median 18.1×
Industrials sector median 12.6×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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