stockrowNorthrop 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.
- Revenue
- +6.71%
- EPS
- +2.86%
- Free cash flow
- +44.1%
- Total debt
- −4.81%
Quarter to September 2026, against a year earlier
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Northrop Grumman Corporation (NOC) Operating margin
Northrop Grumman Corporation's operating margin over the twelve months to 30 September 2026 was 10.6%, down 0.1 percentage points from fiscal 2025 (10.8%). Over the past ten years it has ranged from 6.46% (fiscal 2023) to 15.8% (fiscal 2021); the current reading is higher than 36% of that period. That is above the Aerospace & Defense industry median of 3.69% and above the Industrials sector median of 5.21%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 10.8% | 0.10 |
| FY2024 | 10.7% | 4.19 |
| FY2023 | 6.46% | (3.38) |
| FY2022 | 9.84% | (6.00) |
| FY2021 | 15.8% | 4.79 |
| FY2020 | 11.1% | (0.68) |
| FY2019 | 11.7% | (0.83) |
| FY2018 | 12.6% | 0.18 |
| FY2017 | 12.4% | (0.88) |
| FY2016 | 13.3% | 0.19 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 11.4% | 1.33 |
| Jun 2026 | 10.1% | 0.07 |
| Mar 2026 | 10.0% | (0.84) |
| Dec 2025 | 10.9% | (1.07) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| TDG Transdigm Group Incorporated compare | 46.0% |
| HWM Howmet Aerospace Inc. compare | 28.1% |
| HEI Heico Corporation compare | 24.0% |
| HEI.A Heico Corporation compare | 24.0% |
| HONA Honeywell Aerospace inc. compare | 20.8% |
| LMT Lockheed Martin Corporation compare | 11.8% |
| LHX L3Harris Technologies Inc compare | 11.0% |
| NOC Northrop Grumman Corporation | 10.6% |
| GD General Dynamics Corporation compare | 10.4% |
| Aerospace & Defense industry median | 3.69% |
| Industrials sector median | 5.21% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on NOC
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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