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.
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Northrop Grumman Corporation (NOC) Gross margin
Northrop Grumman Corporation's gross margin over the twelve months to 30 June 2026 was 20.1%, up 0.2 percentage points from fiscal 2025 (19.8%). Over the past ten years it has ranged from 16.7% (fiscal 2023) to 24.0% (fiscal 2015); the current reading is higher than 18% of that period. That is below the Aerospace & Defense industry median of 25.5% and below the Industrials sector median of 30.5%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 19.8% | (0.57) |
| FY2024 | 20.4% | 3.71 |
| FY2023 | 16.7% | (3.75) |
| FY2022 | 20.4% | 0.04 |
| FY2021 | 20.4% | 0.06 |
| FY2020 | 20.3% | (1.13) |
| FY2019 | 21.5% | (1.12) |
| FY2018 | 22.6% | (0.23) |
| FY2017 | 22.8% | (1.12) |
| FY2016 | 23.9% | (0.06) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 19.5% | (0.34) |
| Mar 2026 | 19.8% | 0.24 |
| Dec 2025 | 19.6% | (1.77) |
| Sep 2025 | 21.4% | 0.02 |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| TDG Transdigm Group Incorporated compare | 59.6% |
| HEI Heico Corporation compare | 40.4% |
| HEI.A Heico Corporation compare | 40.4% |
| HWM Howmet Aerospace Inc. compare | 36.0% |
| LHX L3Harris Technologies Inc compare | 25.5% |
| ESLT Elbit Systems Ltd. compare | 25.0% |
| NOC Northrop Grumman Corporation | 20.1% |
| GD General Dynamics Corporation compare | 15.4% |
| LMT Lockheed Martin Corporation compare | 11.8% |
| Aerospace & Defense industry median | 25.5% |
| Industrials sector median | 30.5% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on NOC
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement