Northrop Grumman's fundamentals appear stable with modest revenue growth of 5.1% in 2026Q2 and a strengthening balance sheet, as total debt fell 18.5% from $20.0B to $16.3B since 2024Q1. However, gross margin compression to 19.5% from 21.4% a year earlier and ...
Price trend, volume and key moving averages
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Revenue growth remains stable at 5.1% in 2026Q2, but gross margin compressed to 19.5% from 21.4% a year earlier, while operating margin of 10.1% trails the 13.8% peak in 2025Q2, indicating cost pressures.
Northrop Grumman benefits from a wide economic moat, providing a competitive advantage in the defense sector.
The B-21 program is a key growth driver, though technical delays could pose risks.
The company is well-positioned to benefit from sustained government spending on space infrastructure.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 21, 2026 | $7.68+12.6% vs $6.82 | $10.9B+0.7% vs $10.8B |
Q2 2026 Apr 21, 2026 | $6.14+1.3% vs $6.06 | $9.9B+1.3% vs $9.8B |
Q1 2026 Jan 27, 2026 | $7.23+3.6% vs $6.98 | $11.7B+0.8% vs $11.6B |
Q4 2025 Oct 21, 2025 | $7.67+19.1% vs $6.44 | $10.4B-2.7% vs $10.7B |
RTX has a $289 billion backlog, including $119 billion in defense, giving it strong visibility into future revenue. Northrop Grumman's B-21 bomber and Sentinel missile programs support a $104.7 billion backlog with decades of follow-on work.
A new JATM framework agreement with Lockheed Martin could boost missile production and create broader opportunities across defense ETFs.
Northrop Grumman NYSE: NOC Chairman and CEO Kathy Warden said the defense contractor is operating in what she described as a robust demand environment, supported by U.S. national-security spending, international demand and growth across its four operating segments.
Northrop Grumman Corporation (NOC) Presents at Morgan Stanley's 14th Annual Laguna Conference Transcript
Benchmark NOC against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Northrop Grumman Corporation (NOC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $526.66 | $74.82B | 18.11 | 2.24% | 9.97% | 26.17% | 1.71% | |
| $535.40 | $123.57B | 24.91 | 5.65% | 8.16% | 86.24% | — | |
| $194.34 | $261.92B | 39.18 | 9.74% | 8.28% | 11.48% | — | |
| $353.90 | $95.75B | 22.89 | 10.13% | 8.18% | 17.43% | — | |
| $201.15 | $158.98B | 81.11 | 34.5% | 2.59% | 104.66% | — | |
| $276.10 | $10.88B | 17.94 | 8.23% | 5.01% | 12.89% | — |
Northrop Grumman Corporation (NOC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Northrop Grumman Corporation (NOC) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 21, 2026·SEC
May 21, 2026·SEC
Apr 21, 2026·SEC
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Northrop Grumman Corporation (NOC) stock FAQ — growth, dividends, profitability & financials explained
Northrop Grumman Corporation (NOC) reported $42.89B in revenue for fiscal year 2025. This represents a 431% increase from $8.07B in 1996.
Northrop Grumman Corporation (NOC) grew revenue by 2.2% over the past year. Growth has been modest.
Yes, Northrop Grumman Corporation (NOC) is profitable, generating $4.50B in net income for fiscal year 2025 (10.0% net margin).
Yes, Northrop Grumman Corporation (NOC) pays a dividend with a yield of 1.71%. This makes it attractive for income-focused investors.
Northrop Grumman Corporation (NOC) has a return on equity (ROE) of 26.2%. This is excellent, indicating efficient use of shareholder capital.
Northrop Grumman Corporation (NOC) generated $3.65B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
