Last 48 quarters of trend data · Industrials · Aerospace & Defense
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Northrop Grumman Corporation's quarterly P/E stands at 27.8x, down 28.0% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 28.7% YoY to 17.8x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 18.98 | 27.78 | 14.27 | 19.86 | 15.34 | 38.55 | 13.55 | 18.86 | 17.14 | 18.93 | — | 17.81 | 21.34 |
| — | -28.0% | +5.3% | +5.3% | -10.5% | +103.6% | — | +5.9% | -19.7% | -9.8% | — | -10.8% | +8.1% | |
| P/S Ratio | 1.87 | 2.46 | 1.74 | 2.10 | 1.74 | 1.96 | 1.62 | 1.93 | 1.58 | 1.76 | 1.66 | 1.71 | 1.81 |
| — | +25.6% | +7.5% | +8.4% | +10.4% | +11.1% | -2.7% | +13.3% | -13.0% | -7.3% | -20.9% | -16.1% | -14.6% | |
| P/B Ratio | 4.76 | 5.68 | 4.89 | 5.47 | 4.65 | 4.95 | 4.52 | 5.25 | 4.50 | 5.02 | 4.78 | 4.19 | 4.48 |
| — | +14.7% | +8.1% | +4.3% | +3.4% | -1.5% | -5.4% | +25.1% | +0.5% | +7.5% | -13.2% | -20.0% | -18.1% | |
| P/FCF | 23.71 | — | 6.30 | 17.40 | 28.26 | — | 9.81 | 26.49 | 14.57 | — | 10.87 | 19.21 | 28.20 |
| — | — | -35.8% | -34.3% | +94.0% | — | -9.8% | +37.9% | -48.3% | — | -16.5% | +9.3% | — | |
| EV / EBITDA | 16.30 | 17.82 | 16.74 | 16.16 | 12.59 | 25.00 | 14.13 | 16.19 | 14.33 | 16.13 | 3055.96 | 15.38 | 16.36 |
| — | -28.7% | +18.4% | -0.2% | -12.1% | +55.0% | -99.5% | +5.2% | -12.4% | -7.3% | +15877.0% | -17.8% | -6.3% | |
| EV / EBIT | 21.90 | 24.53 | 12.64 | 17.65 | 13.97 | 30.99 | 12.41 | 17.41 | 16.14 | 17.83 | — | 16.29 | 18.61 |
| — | -20.8% | +1.8% | +1.4% | -13.4% | +73.8% | — | +6.9% | -13.3% | -7.2% | — | -9.3% | +10.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Northrop Grumman Corporation's operating margin was 10.0% in Q1 2026, up 1.1 pp QoQ and up 4.0 pp YoY. The trailing four-quarter average of 11.1% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin expanded 18.9% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.8% | 19.8% | 19.6% | 21.4% | 21.4% | 16.7% | 18.1% | 21.1% | 21.4% | 21.1% | 4.6% | 20.9% | 21.3% |
| — | +18.9% | +8.4% | +1.4% | -0.4% | -20.7% | +296.6% | +0.9% | +0.7% | -1.4% | -74.9% | +3.0% | -4.3% | |
| Operating Margin | 10.2% | 10.0% | 8.9% | 11.9% | 13.8% | 6.1% | 10.2% | 11.2% | 10.7% | 10.6% | -3.7% | 10.4% | 10.1% |
| — | +65.4% | -12.9% | +6.4% | +29.1% | -42.7% | +375.9% | +7.8% | +5.6% | +3.8% | -140.9% | +10.5% | -6.8% | |
| Net Margin | 10.0% | 8.9% | 12.2% | 10.6% | 11.3% | 5.1% | 11.8% | 10.3% | 9.2% | 9.3% | -5.0% | 9.6% | 8.5% |
| — | +74.3% | +3.0% | +2.8% | +23.3% | -45.5% | +335.2% | +7.1% | +8.5% | +2.9% | -124.3% | -6.0% | -21.1% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 26.2% | 5.2% | 8.7% | 7.0% | 7.7% | 3.2% | 8.4% | 7.1% | 6.6% | 6.5% | -3.5% | 6.0% | 5.3% |
| — | +63.0% | +3.8% | -1.0% | +17.0% | -51.2% | +341.7% | +18.4% | +24.3% | +17.6% | -124.5% | -10.0% | -24.5% | |
| ROA | 8.3% | 1.7% | 2.8% | 2.2% | 2.4% | 1.0% | 2.6% | 2.1% | 2.0% | 2.0% | -1.2% | 2.1% | 1.8% |
| — | +75.5% | +9.5% | +4.2% | +21.8% | -50.8% | +321.2% | +3.3% | +8.9% | +4.6% | -124.3% | -4.2% | -19.9% | |
| ROIC | 10.2% | 3.0% | 2.4% | 2.8% | 3.3% | 1.4% | 2.6% | 2.7% | 2.6% | 2.6% | -1.0% | 2.5% | 2.4% |
| — | +121.9% | -8.7% | +4.5% | +25.8% | -48.3% | +369.7% | +9.0% | +11.6% | +12.8% | -141.5% | +11.5% | -8.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Northrop Grumman Corporation's Debt/EBITDA ratio is 1.4x, down from 13.7x last quarter — comfortably within a safe range. The current ratio has improved 22.9% YoY to 1.15x, strengthening the short-term liquidity position. Debt/Equity has declined for 4 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.18 | 0.11 | 1.18 | 1.21 | 1.25 | 1.23 | 1.32 | 1.35 | 1.40 | 1.41 | 1.21 | 1.09 | 1.19 |
| — | -91.0% | -10.4% | -10.7% | -10.9% | -12.2% | +8.9% | +24.1% | +17.7% | +15.4% | +10.4% | -6.7% | +0.6% | |
| Debt / EBITDA | 3.43 | 1.40 | 13.65 | 11.90 | 10.89 | 20.31 | 13.44 | 13.73 | 14.15 | 14.59 | 2562.86 | 13.00 | 14.29 |
| — | -93.1% | +1.6% | -13.3% | -23.1% | +39.2% | -99.5% | +5.6% | -1.0% | -1.5% | +19520.5% | -6.4% | +13.6% | |
| Current Ratio | 1.09 | 1.15 | 1.09 | 1.09 | 1.03 | 0.94 | 1.00 | 1.08 | 1.09 | 1.11 | 1.13 | 1.26 | 1.18 |
| — | +22.9% | +9.1% | +1.5% | -5.5% | -15.6% | -11.8% | -14.2% | -8.1% | -7.8% | +6.4% | +12.1% | -7.4% | |
| Quick Ratio | 0.99 | 1.15 | 0.99 | 0.97 | 0.91 | 0.82 | 0.89 | 0.95 | 0.97 | 1.01 | 1.04 | 1.13 | 1.07 |
| — | +39.7% | +11.1% | +1.6% | -6.0% | -18.1% | -13.8% | -15.3% | -9.4% | -8.4% | +6.1% | +9.3% | -8.8% | |
| Interest Coverage | 8.62 | 6.10 | 10.94 | 9.22 | 9.25 | 4.71 | 10.69 | 8.38 | 8.16 | 8.49 | -4.91 | 8.93 | 7.71 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Northrop Grumman Corporation's current P/E is 19.0x. The average P/E over the last 4 quarters is 19.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Northrop Grumman Corporation's current operating margin is 10.2%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Northrop Grumman Corporation's business trajectory between earnings reports.