NOC
Northrop Grumman CorporationStock · IndustrialsS&P 500 Equal Weight 0.2% · S&P 500 0.1% · US Stock Market 0.10% · Russell 1000 0.10% · Russell 3000 0.09% · MSCI World 0.09% · MSCI ACWI 0.08%$518.97+0.00%
as of market close, Sep 11, 2026
☾ AH — —
NOC financial statements
The full income statement, balance sheet, and cash-flow statement for Northrop Grumman Corporation (NOC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 146.2M2024-09 145.7M2024-12 144.8M2025-03 143.9M2025-06 143.2M2025-09 142.7M2025-12 141.9M2026-03 142.0M2026-06 142.1M-2.9% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 42.0B+2.2% | 41.0B+4.4% | 39.3B+7.3% | 36.6B+2.6% | 35.7B-3.1% | |
| 37.7B+2.8% | 36.7B-0.2% | 36.8B+11.4% | 33.0B+3.1% | 32.0B-2.3% | ||
| Research & development | 1.10B+0.0% | 1.10B-8.3% | 1.20B+0.0% | 1.20B+9.1% | 1.10B+0.0% | |
| Selling, general & administrative | 4.03B+1.0% | 3.99B-0.5% | 4.01B+3.6% | 3.87B+7.7% | 3.60B+5.4% | |
| General & administrative | 4.03B+1.0% | 3.99B-0.5% | 4.01B+3.6% | 3.87B+7.7% | 3.60B+5.4% | |
| Amortization of intangibles | 45.0M-21.1% | 57.0M-28.7% | 80.0M-59.4% | 197M-3.4% | 204M-22.1% | |
| Operating income | 4.51B+3.2% | 4.37B+72.3% | 2.54B-29.5% | 3.60B-36.3% | 5.65B+39.0% | |
| Interest expense | 665M+7.1% | 621M+13.9% | 545M+7.7% | 506M-9.0% | 556M-6.2% | |
| Other non-operating income | 154M-8.3% | 168M-31.7% | 246M+6050.0% | 4.00M-78.9% | 19.0M-79.3% | |
| Gain (loss) on equity securities | 45.0M | — | — | — | — | |
| Pre-tax income | 5.07B+1.0% | 5.02B+113.8% | 2.35B-59.8% | 5.84B-34.7% | 8.94B+139.8% | |
| Income tax | 886M+5.2% | 842M+190.3% | 290M-69.1% | 940M-51.4% | 1.93B+258.6% | |
| Net income | 4.18B+0.2% | 4.17B+103.0% | 2.06B-58.0% | 4.90B-30.1% | 7.00B+119.7% | |
| $29.08+2.6% | $28.34+109.5% | $13.53-57.0% | $31.47-27.7% | $43.54+128.8% | ||
| EPS (basic) | $29.14+2.6% | $28.39+109.2% | $13.57-57.1% | $31.61-27.7% | $43.70+129.0% | |
| Weighted-avg shares (basic) | 144M-2.4% | 147M-3.0% | 152M-2.2% | 155M-3.4% | 160M-4.1% | |
| Weighted-avg shares (diluted) | 144M-2.4% | 147M-3.1% | 152M-2.3% | 156M-3.3% | 161M-4.0% | |
| Dividends per share | $8.99+11.7% | $8.05+9.7% | $7.34+8.6% | $6.76+9.7% | $6.16+8.6% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 15.3B+7.1% | 14.3B+4.1% | 13.7B+9.8% | 12.5B+0.5% | 12.4B-19.0% | ||
| Cash & equivalents | 4.40B+1.1% | 4.35B+40.0% | 3.11B+20.6% | 2.58B-27.0% | 3.53B-28.1% | |
| Accounts receivable | 1.38B+8.1% | 1.27B-12.5% | 1.45B-3.8% | 1.51B+3.0% | 1.47B-2.3% | |
| Inventory | 1.31B-10.0% | 1.46B+31.2% | 1.11B+13.4% | 978M+20.6% | 811M+6.9% | |
| Other current assets | 1.66B+28.8% | 1.29B-45.1% | 2.34B+62.7% | 1.44B+27.8% | 1.13B-19.7% | |
| 51.4B+4.1% | 49.4B+6.0% | 46.5B+6.4% | 43.8B+2.8% | 42.6B-4.3% | ||
| Property, plant & equipment | 11.0B+4.1% | 10.5B+9.1% | 9.65B+9.7% | 8.80B+11.5% | 7.89B+11.6% | |
| Operating lease right-of-use | 1.86B+5.0% | 1.77B-2.6% | 1.82B+0.4% | 1.81B+9.4% | 1.66B+8.0% | |
| Goodwill | 17.4B-0.4% | 17.5B-0.0% | 17.5B+0.0% | 17.5B+0.0% | 17.5B-0.0% | |
| Intangible assets | 208M-18.1% | 254M-16.7% | 305M-20.6% | 384M-33.6% | 578M-26.2% | |
| Deferred tax assets | 1.05B-34.3% | 1.60B+56.8% | 1.02B+529.6% | 162M-19.0% | 200M-35.7% | |
| Other non-current assets | 1.60B+8.1% | 1.48B+24.3% | 1.19B-54.0% | 2.59B+12.2% | 2.31B+21.1% | |
| 13.9B-1.7% | 14.1B+18.3% | 11.9B+3.1% | 11.6B+21.6% | 9.53B-0.5% | ||
| Accounts payable | 3.24B+24.7% | 2.60B+23.2% | 2.11B-18.4% | 2.59B+17.8% | 2.20B+21.7% | |
| Deferred revenue | 4.09B+0.4% | 4.07B-2.9% | 4.19B+16.2% | 3.61B+19.3% | 3.03B+20.2% | |
| Short-term & current debt | 534M-66.2% | 1.58B+2160.0% | 70.0M-93.5% | 1.07B+17766.7% | 6.00M-99.2% | |
| Current lease liability | 331M+2.2% | 324M+8.0% | 300M+0.3% | 299M+5.3% | 284M+8.0% | |
| Other current liabilities | 4.25B-18.1% | 5.19B+53.1% | 3.39B+1.6% | 3.33B+44.1% | 2.31B-22.9% | |
| 34.7B+1.9% | 34.1B+7.3% | 31.7B+11.6% | 28.4B-4.1% | 29.7B-12.5% | ||
| Long-term debt | 15.2B+3.2% | 14.7B+6.6% | 13.8B+16.8% | 11.8B-7.6% | 12.8B-10.4% | |
| Non-current lease liability | 1.86B+3.3% | 1.80B-5.0% | 1.89B+3.7% | 1.82B+14.7% | 1.59B+18.4% | |
| Operating lease liability (total) | 2.19B+3.1% | 2.12B-3.2% | 2.19B+3.3% | 2.12B+13.3% | 1.87B+16.7% | |
| Other non-current liabilities | 2.69B+15.5% | 2.33B-17.9% | 2.84B+39.2% | 2.04B+2.1% | 2.00B-9.6% | |
| 16.7B+9.1% | 15.3B+3.3% | 14.8B-3.4% | 15.3B+18.5% | 12.9B+22.2% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 142M-2.1% | 145M-3.3% | 150M-2.0% | 153M-1.9% | 156M-6.6% | |
| Additional paid-in capital | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Retained earnings | 16.7B+8.9% | 15.3B+3.5% | 14.8B-3.5% | 15.3B+18.6% | 12.9B+23.2% | |
| Accumulated other comprehensive income | -126M+17.1% | -152M-18.8% | -128M+16.3% | -153M-7.0% | -143M-11.7% | |
| Total liabilities & equity | 51.4B+4.1% | 49.4B+6.0% | 46.5B+6.4% | 43.8B+2.8% | 42.6B-4.3% | |
| Common shares issued | 142M-2.0% | 145M-3.4% | 150M-2.0% | 153M-2.0% | 156M-6.3% | |
| Common shares outstanding | 142M-2.0% | 145M-3.4% | 150M-2.0% | 153M-2.0% | 156M-6.3% | |
| Shares outstanding (cover) | 142M-2.0% | 145M-3.5% | 150M-2.0% | 153M-2.0% | 156M-6.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 4.76B+8.4% | 4.39B+13.2% | 3.88B+33.6% | 2.90B-18.7% | 3.57B-17.1% | ||
| Depreciation & amortization | 1.47B+7.4% | 1.37B+2.4% | 1.34B-0.3% | 1.34B+8.3% | 1.24B-2.2% | |
| Intangible amortization | 45.0M-21.1% | 57.0M-28.7% | 80.0M-59.4% | 197M-3.4% | 204M-22.1% | |
| Share-based compensation | 119M+17.8% | 101M+16.1% | 87.0M-12.1% | 99.0M+5.3% | 94.0M+4.4% | |
| Change in receivables | 108M+159.3% | -182M-237.0% | -54.0M-222.7% | 44.0M+340.0% | 10.0M-96.5% | |
| Change in inventory | -97.0M-127.1% | 358M+62.7% | 220M+7.3% | 205M+294.2% | 52.0M+388.9% | |
| Change in payables | 646M+33.2% | 485M+203.4% | -469M | — | — | |
| -1.16B+34.0% | -1.75B-10.6% | -1.58B-27.5% | -1.24B-160.3% | 2.06B+269.9% | ||
| Capital expenditure | 1.45B-17.9% | 1.77B-0.5% | 1.77B+23.7% | 1.44B+1.4% | 1.42B-0.4% | |
| Free cash flow | 3.31B+26.2% | 2.62B+24.8% | 2.10B+43.2% | 1.47B-31.9% | 2.15B-25.4% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Sales/maturities of investments | 0.00 | 0.00-100.0% | 197M | 0.00 | 0.00 | |
| Other investing activities | 38.0M+311.1% | -18.0M-550.0% | 4.00M+110.3% | -39.0M-454.5% | 11.0M+375.0% | |
| -3.55B-154.6% | -1.40B+20.8% | -1.76B+32.6% | -2.61B+62.7% | -7.00B-1520.8% | ||
| Long-term debt issued | 998M-60.0% | 2.50B+25.1% | 2.00B | 0.00 | 0.00-100.0% | |
| Long-term debt repaid | 1.50B | 0.00-100.0% | 1.05B | 0.00-100.0% | 2.24B+117.7% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 1.62B-35.4% | 2.51B+67.6% | 1.50B-0.3% | 1.50B-59.4% | 3.71B+656.1% | |
| Dividends paid | 1.29B+9.0% | 1.19B+6.3% | 1.12B+6.1% | 1.05B+7.0% | 983M+3.1% | |
| Other financing activities | -94.0M+28.8% | -132M-247.4% | -38.0M-442.9% | -7.00M+84.1% | -44.0M+22.8% | |
| Net change in cash | 50.0M-96.0% | 1.24B+133.8% | 532M+155.8% | -953M+30.8% | -1.38B-151.7% | |
| Income taxes paid | — | 880M-26.7% | 1.20B-20.0% | 1.50B+15.4% | 1.30B+316.7% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 80.9B+19.1% | 67.9B-3.8% | 70.6B-15.9% | 84.0B+39.0% | 60.4B+18.9% | |
| P/E | 19.4×+18.9% | 16.3×+7.7% | 15.1×-0.6% | 15.2×+76.2% | 8.6×-45.9% | |
| P/S | 1.9×+16.5% | 1.7×-9.3% | 1.8×-23.5% | 2.4×+40.8% | 1.7×+22.7% | |
| P/B | 4.9×+9.2% | 4.4×+0.2% | 4.4×-26.4% | 6.0×+28.8% | 4.7×-2.7% | |
| P/FCF | 24.5×-5.6% | 25.9×-23.2% | 33.7×-77.7% | 151.0×+437.9% | 28.1×+59.4% | |
| Earnings yield | 5.2%-15.9% | 6.1%-7.1% | 6.6%+0.6% | 6.6%-43.2% | 11.6%+84.7% | |
| FCF yield | 4.1%+5.9% | 3.9%+30.2% | 3.0%+347.6% | 0.66%-81.4% | 3.6%-37.3% | |
| Dividend yield | 1.6%-8.1% | 1.7%+9.4% | 1.6%+26.5% | 1.2%-22.1% | 1.6%-14.5% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: NOC’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all NOC filings on SEC EDGAR → Not investment advice.