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NOC vs SPIR
Revenue, margins, valuation, and 5-year total return — side by side.
Specialty Business Services
NOC vs SPIR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Aerospace & Defense | Specialty Business Services |
| Market Cap | $79.36B | $601.52B |
| Revenue (TTM) | $42.37B | $72M |
| Net Income (TTM) | $4.58B | $-25.02B |
| Gross Margin | 20.5% | 40.8% |
| Operating Margin | 11.1% | -121.4% |
| Forward P/E | 20.0x | 11.4x |
| Total Debt | $19.74B | $8.76B |
| Cash & Equiv. | $4.40B | $24.81B |
NOC vs SPIR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Nov 20 | May 26 | Return |
|---|---|---|---|
| Northrop Grumman Co… (NOC) | 100 | 184.8 | +84.8% |
| Spire Global, Inc. (SPIR) | 100 | 23.2 | -76.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NOC vs SPIR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
NOC carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 22 yrs, beta 0.03, yield 1.6%
- Rev growth 2.2%, EPS growth 2.6%, 3Y rev CAGR 4.7%
- 189.8% 10Y total return vs SPIR's -75.9%
SPIR is the clearest fit if your priority is value and momentum.
- Lower P/E (11.4x vs 20.0x)
- +93.2% vs NOC's +16.5%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 2.2% revenue growth vs SPIR's -35.2% | |
| Value | Lower P/E (11.4x vs 20.0x) | |
| Quality / Margins | 10.8% margin vs SPIR's -349.6% | |
| Stability / Safety | Beta 0.03 vs SPIR's 2.93 | |
| Dividends | 1.6% yield; 22-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | +93.2% vs NOC's +16.5% | |
| Efficiency (ROA) | 9.1% ROA vs SPIR's -47.3%, ROIC 10.2% vs -0.1% |
NOC vs SPIR — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
NOC vs SPIR — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
NOC leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
NOC is the larger business by revenue, generating $42.4B annually — 592.1x SPIR's $72M. NOC is the more profitable business, keeping 10.8% of every revenue dollar as net income compared to SPIR's -349.6%. On growth, NOC holds the edge at +4.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $42.4B | $72M |
| EBITDAEarnings before interest/tax | $6.2B | -$74M |
| Net IncomeAfter-tax profit | $4.6B | -$25.0B |
| Free Cash FlowCash after capex | $3.3B | -$16.2B |
| Gross MarginGross profit ÷ Revenue | +20.5% | +40.8% |
| Operating MarginEBIT ÷ Revenue | +11.1% | -121.4% |
| Net MarginNet income ÷ Revenue | +10.8% | -349.6% |
| FCF MarginFCF ÷ Revenue | +7.8% | -227.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +4.4% | -26.9% |
| EPS Growth (YoY)Latest quarter vs prior year | +84.9% | +59.5% |
Valuation Metrics
NOC leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
At 11.4x trailing earnings, SPIR trades at a 41% valuation discount to NOC's 19.2x P/E.
| Metric | ||
|---|---|---|
| Market CapShares × price | $79.4B | $601.5B |
| Enterprise ValueMkt cap + debt − cash | $94.7B | $585.5B |
| Trailing P/EPrice ÷ TTM EPS | 19.21x | 11.37x |
| Forward P/EPrice ÷ next-FY EPS est. | 20.00x | — |
| PEG RatioP/E ÷ EPS growth rate | 2.17x | — |
| EV / EBITDAEnterprise value multiple | 16.46x | — |
| Price / SalesMarket cap ÷ Revenue | 1.89x | 8406.65x |
| Price / BookPrice ÷ Book value/share | 4.82x | 5.18x |
| Price / FCFMarket cap ÷ FCF | 24.00x | — |
Profitability & Efficiency
NOC leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
NOC delivers a 28.1% return on equity — every $100 of shareholder capital generates $28 in annual profit, vs $-88 for SPIR. SPIR carries lower financial leverage with a 0.08x debt-to-equity ratio, signaling a more conservative balance sheet compared to NOC's 1.18x. On the Piotroski fundamental quality scale (0–9), NOC scores 6/9 vs SPIR's 5/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +28.1% | -88.4% |
| ROA (TTM)Return on assets | +9.1% | -47.3% |
| ROICReturn on invested capital | +10.2% | -0.1% |
| ROCEReturn on capital employed | +11.8% | -0.1% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 |
| Debt / EquityFinancial leverage | 1.18x | 0.08x |
| Net DebtTotal debt minus cash | $15.3B | -$16.1B |
| Cash & Equiv.Liquid assets | $4.4B | $24.8B |
| Total DebtShort + long-term debt | $19.7B | $8.8B |
| Interest CoverageEBIT ÷ Interest expense | 8.92x | 9.20x |
Total Returns (Dividends Reinvested)
SPIR leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NOC five years ago would be worth $16,130 today (with dividends reinvested), compared to $2,311 for SPIR. Over the past 12 months, SPIR leads with a +93.2% total return vs NOC's +16.5%. The 3-year compound annual growth rate (CAGR) favors SPIR at 50.1% vs NOC's 9.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -4.2% | +134.3% |
| 1-Year ReturnPast 12 months | +16.5% | +93.2% |
| 3-Year ReturnCumulative with dividends | +32.0% | +238.4% |
| 5-Year ReturnCumulative with dividends | +61.3% | -76.9% |
| 10-Year ReturnCumulative with dividends | +189.8% | -75.9% |
| CAGR (3Y)Annualised 3-year return | +9.7% | +50.1% |
Risk & Volatility
Evenly matched — NOC and SPIR each lead in 1 of 2 comparable metrics.
Risk & Volatility
NOC is the less volatile stock with a 0.03 beta — it tends to amplify market swings less than SPIR's 2.93 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SPIR currently trades 77.6% from its 52-week high vs NOC's 72.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.03x | 2.93x |
| 52-Week HighHighest price in past year | $774.00 | $23.59 |
| 52-Week LowLowest price in past year | $453.01 | $6.60 |
| % of 52W HighCurrent price vs 52-week peak | +72.2% | +77.6% |
| RSI (14)Momentum oscillator 0–100 | 19.7 | 48.9 |
| Avg Volume (50D)Average daily shares traded | 776K | 1.6M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates NOC as "Buy" and SPIR as "Buy". Consensus price targets imply 30.9% upside for NOC (target: $731) vs -5.7% for SPIR (target: $17). NOC is the only dividend payer here at 1.61% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $731.46 | $17.25 |
| # AnalystsCovering analysts | 35 | 12 |
| Dividend YieldAnnual dividend ÷ price | +1.6% | — |
| Dividend StreakConsecutive years of raises | 22 | — |
| Dividend / ShareAnnual DPS | $8.99 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +2.0% | 0.0% |
NOC leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). SPIR leads in 1 (Total Returns). 1 tied.
NOC vs SPIR: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is NOC or SPIR a better buy right now?
For growth investors, Northrop Grumman Corporation (NOC) is the stronger pick with 2.
2% revenue growth year-over-year, versus -35. 2% for Spire Global, Inc. (SPIR). Spire Global, Inc. (SPIR) offers the better valuation at 11. 4x trailing P/E, making it the more compelling value choice. Analysts rate Northrop Grumman Corporation (NOC) a "Buy" — based on 35 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — NOC or SPIR?
On trailing P/E, Spire Global, Inc.
(SPIR) is the cheapest at 11. 4x versus Northrop Grumman Corporation at 19. 2x.
03Which is the better long-term investment — NOC or SPIR?
Over the past 5 years, Northrop Grumman Corporation (NOC) delivered a total return of +61.
3%, compared to -76. 9% for Spire Global, Inc. (SPIR). Over 10 years, the gap is even starker: NOC returned +189. 8% versus SPIR's -75. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — NOC or SPIR?
By beta (market sensitivity over 5 years), Northrop Grumman Corporation (NOC) is the lower-risk stock at 0.
03β versus Spire Global, Inc. 's 2. 93β — meaning SPIR is approximately 10153% more volatile than NOC relative to the S&P 500. On balance sheet safety, Spire Global, Inc. (SPIR) carries a lower debt/equity ratio of 8% versus 118% for Northrop Grumman Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — NOC or SPIR?
By revenue growth (latest reported year), Northrop Grumman Corporation (NOC) is pulling ahead at 2.
2% versus -35. 2% for Spire Global, Inc. (SPIR). On earnings-per-share growth, the picture is similar: Spire Global, Inc. grew EPS 137. 8% year-over-year, compared to 2. 6% for Northrop Grumman Corporation. Over a 3-year CAGR, NOC leads at 4. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — NOC or SPIR?
Spire Global, Inc.
(SPIR) is the more profitable company, earning 71. 7% net margin versus 10. 0% for Northrop Grumman Corporation — meaning it keeps 71. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NOC leads at 10. 2% versus -121. 4% for SPIR. At the gross margin level — before operating expenses — SPIR leads at 40. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is NOC or SPIR more undervalued right now?
Analyst consensus price targets imply the most upside for NOC: 30.
9% to $731. 46.
08Which pays a better dividend — NOC or SPIR?
In this comparison, NOC (1.
6% yield) pays a dividend. SPIR does not pay a meaningful dividend and should not be held primarily for income.
09Is NOC or SPIR better for a retirement portfolio?
For long-horizon retirement investors, Northrop Grumman Corporation (NOC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
03), 1. 6% yield, +189. 8% 10Y return). Spire Global, Inc. (SPIR) carries a higher beta of 2. 93 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (NOC: +189. 8%, SPIR: -75. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between NOC and SPIR?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: NOC is a mid-cap quality compounder stock; SPIR is a large-cap deep-value stock. NOC pays a dividend while SPIR does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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