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.
Follow NOC
Northrop Grumman Corporation (NOC) P/S ratio
As of 16 October 2026, Northrop Grumman Corporation (NOC) trades at a P/S ratio of 1.7×. Over the past ten years it has ranged from 1.2× (January 2015) to 2.6× (March 2026); the current reading is higher than 46% of that period. That is below the Aerospace & Defense industry median of 3.6× and above the Industrials sector median of 1.5×.
P/S ratio, daily
Embed this chart
Annual newest first
| Period | P/S ratio | Change |
|---|---|---|
| FY2025 | 2.0× | 16.01% |
| FY2024 | 1.7× | (7.25%) |
| FY2023 | 1.8× | (20.73%) |
| FY2022 | 2.3× | 31.45% |
| FY2021 | 1.7× | 25.72% |
| FY2020 | 1.4× | (19.59%) |
| FY2019 | 1.7× | 21.74% |
| FY2018 | 1.4× | (30.95%) |
| FY2017 | 2.0× | 20.35% |
| FY2016 | 1.7× | 11.90% |
Quarterly newest first
| Period | P/S ratio | Change |
|---|---|---|
| Jun 2026 | 1.7× | (26.26%) |
| Mar 2026 | 2.3× | 17.32% |
| Dec 2025 | 2.0× | (8.45%) |
| Sep 2025 | 2.1× | 20.09% |
| 42 more quarters | Free account |
Against its own ten years
P/S ratio against peers
| Company | P/S ratio |
|---|---|
| LMT Lockheed Martin Corporation compare | 1.7× |
| GD General Dynamics Corporation compare | 1.7× |
| NOC Northrop Grumman Corporation | 1.7× |
| LHX L3Harris Technologies Inc compare | 2.0× |
| ESLT Elbit Systems Ltd. compare | 4.1× |
| HEI.A Heico Corporation compare | 6.3× |
| TDG Transdigm Group Incorporated compare | 6.5× |
| HEI Heico Corporation compare | 8.4× |
| HWM Howmet Aerospace Inc. compare | 9.7× |
| Aerospace & Defense industry median | 3.6× |
| Industrials sector median | 1.5× |
| Market median | 1.9× |
What P/S ratio is
Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.
(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)
More on NOC
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E 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