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Friday 6 November 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.

Revenue
+6.71%
EPS
+2.86%
Free cash flow
+44.1%
Total debt
−4.81%

Quarter to September 2026, against a year earlier

524.83 0.52 −0.10%
Market cap
$74.6B
P/E
16.5×
Fwd P/E
18.7×
Dividend yield
1.82%
F-score
6/9
Altman Z
3.01
Beneish M
−2.42
Dividend safety
82/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Northrop Grumman Corporation (NOC) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Northrop Grumman Corporation (NOC) trades at a P/B ratio of 4.0×. Over the past ten years it has ranged from 3.6× (October 2026) to 8.7× (February 2018); the current reading is higher than 1% of that period. That is above the Aerospace & Defense industry median of 2.7× and above the Industrials sector median of 2.2×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 4.9× 8.77%
FY2024 4.5× (6.27%)
FY2023 4.8× (11.94%)
FY2022 5.5× 13.87%
FY2021 4.8× (0.27%)
FY2020 4.8× (27.11%)
FY2019 6.6× 27.09%
FY2018 5.2× (30.39%)
FY2017 7.5× (6.59%)
FY2016 8.0× 23.39%

Quarterly newest first

Period P/B ratio Change
Sep 2026 3.7× (9.13%)
Jun 2026 4.0× (28.56%)
Mar 2026 5.7× 15.43%
Dec 2025 4.9× (10.02%)
43 more quarters

Against its own ten years

Low 3.6× High 8.7×
Ten-year median 5.4×
Current reading's percentile 1

P/B ratio against peers

Company P/B ratio
TDG Transdigm Group Incorporated compare n/m
HONA Honeywell Aerospace inc. compare n/m
LHX L3Harris Technologies Inc compare 2.4×
GD General Dynamics Corporation compare 3.5×
NOC Northrop Grumman Corporation 4.0×
HEI.A Heico Corporation compare 6.8×
HEI Heico Corporation compare 9.1×
LMT Lockheed Martin Corporation compare 13.2×
HWM Howmet Aerospace Inc. compare 13.9×
Aerospace & Defense industry median 2.7×
Industrials sector median 2.2×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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