Northrop Grumman Corporation (NOC) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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NOC EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
NOC Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 19.8% | 10.2% | 10.0% |
| 2024 | 20.4% | 10.6% | 10.2% |
| 2023 | 16.7% | 6.5% | 5.2% |
| 2022 | 20.4% | 9.8% | 13.4% |
| 2021 | 20.4% | 15.8% | 19.6% |
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Northrop Grumman Corporation (NOC) Earnings Overview
As of May 6, 2026, Northrop Grumman Corporation (NOC) reported trailing twelve-month net income of $4.58B, reflecting +2.6% year-over-year growth. The company earned $32.11 per diluted share over the past four quarters, with a net profit margin of 10.0%.
Looking at the long-term picture, NOC's 5-year EPS compound annual growth rate (CAGR) stands at +8.9%, showing solid earnings momentum. The company achieved its highest annual net income of $7.00B in fiscal 2021.
Northrop Grumman Corporation maintains positive profitability with a gross margin of 19.8%, operating margin of 10.2%, and net margin of 10.0%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including LMT ($4.79B net income, 6.7% margin), RTX ($7.26B net income, 7.6% margin), GD ($4.34B net income, 8.0% margin), NOC has outperformed on profitability metrics. Compare NOC vs LMT →
NOC Earnings vs Peers
Earnings metrics vs comparable public companies
NOC Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.18B | +0.2% | $4.28B | $29.08 | 10.0% | 10.2% |
| 2024 | $4.17B | +103.0% | $4.37B | $28.34 | 10.2% | 10.6% |
| 2023 | $2.06B | -58.0% | $2.54B | $13.53 | 5.2% | 6.5% |
| 2022 | $4.90B | -30.1% | $3.60B | $31.47 | 13.4% | 9.8% |
| 2021 | $7.00B | +119.7% | $5.65B | $43.54 | 19.6% | 15.8% |
| 2020 | $3.19B | +41.9% | $4.07B | $19.03 | 8.7% | 11.0% |
| 2019 | $2.25B | -30.4% | $3.97B | $13.22 | 6.6% | 11.7% |
| 2018 | $3.23B | +60.2% | $3.78B | $18.49 | 10.7% | 12.6% |
| 2017 | $2.02B | -8.4% | $3.30B | $11.47 | 7.8% | 12.8% |
| 2016 | $2.20B | +10.6% | $3.19B | $12.19 | 9.0% | 13.0% |
Full NOC Stock Analysis
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Start ComparisonNOC — Frequently Asked Questions
Quick answers to the most common questions about buying NOC stock.
Is NOC growing earnings?
NOC EPS of $32.11 reflects slowing growth at +2.6%, below the 5-year CAGR of +8.9%. TTM net income is $4.6B. Expansion rate has moderated.
What are NOC's profit margins?
Northrop Grumman Corporation net margin is +10.0%, with operating margin at +10.2%. Margins sit within typical range for the sector.
How consistent are NOC's earnings?
NOC earnings data spans 1989-2025. The current earnings trend is +2.6% YoY. Historical data enables comparison across business cycles.