Pricing Log in Create free account
Saturday 17 October 2026 Export NOC’s income statement to Excel — free account

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) Operating margin

Alert me on Operating margin

Northrop Grumman Corporation's operating margin over the twelve months to 30 June 2026 was 10.7%, down 0.0 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 4.54% and above the Industrials sector median of 5.13%.

Operating margin, annual

Embed this chart

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)
Jun 2026 10.1% 0.07
Mar 2026 10.0% (0.84)
Dec 2025 10.9% (1.07)
Sep 2025 11.9% (1.85)
42 more quarters

Against its own ten years

Low 6.46% High 15.8%
Ten-year median 11.7%
Current reading's percentile 38

Operating margin against peers

Company Operating margin
TDG Transdigm Group Incorporated compare 46.0%
HWM Howmet Aerospace Inc. compare 27.4%
HEI Heico Corporation compare 24.0%
HEI.A Heico Corporation compare 24.0%
LMT Lockheed Martin Corporation compare 11.9%
NOC Northrop Grumman Corporation 10.7%
LHX L3Harris Technologies Inc compare 10.5%
GD General Dynamics Corporation compare 10.3%
ESLT Elbit Systems Ltd. compare 9.22%
Aerospace & Defense industry median 4.54%
Industrials sector median 5.13%
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

The full definition of Operating margin →

More on NOC