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) Net margin
Northrop Grumman Corporation's net margin over the twelve months to 30 June 2026 was 10.5%, up 0.5 percentage points from fiscal 2025 (9.97%). Over the past ten years it has ranged from 5.23% (fiscal 2023) to 19.6% (fiscal 2021); the current reading is higher than 55% of that period. That is above the Aerospace & Defense industry median of 2.22% and above the Industrials sector median of 2.22%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 9.97% | (0.20) |
| FY2024 | 10.2% | 4.94 |
| FY2023 | 5.23% | (8.15) |
| FY2022 | 13.4% | (6.26) |
| FY2021 | 19.6% | 10.97 |
| FY2020 | 8.67% | 2.03 |
| FY2019 | 6.64% | (4.09) |
| FY2018 | 10.7% | (0.30) |
| FY2017 | 11.0% | 2.76 |
| FY2016 | 8.27% | (0.19) |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Jun 2026 | 10.1% | 1.20 |
| Mar 2026 | 8.86% | (3.32) |
| Dec 2025 | 12.2% | 1.63 |
| Sep 2025 | 10.6% | (0.79) |
| 42 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| HWM Howmet Aerospace Inc. compare | 20.5% |
| TDG Transdigm Group Incorporated compare | 19.1% |
| HEI Heico Corporation compare | 16.4% |
| HEI.A Heico Corporation compare | 16.4% |
| NOC Northrop Grumman Corporation | 10.5% |
| GD General Dynamics Corporation compare | 8.18% |
| LMT Lockheed Martin Corporation compare | 8.16% |
| LHX L3Harris Technologies Inc compare | 8.11% |
| ESLT Elbit Systems Ltd. compare | 7.44% |
| Aerospace & Defense industry median | 2.22% |
| Industrials sector median | 2.22% |
| Market median | 0.45% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on NOC
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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