Last 47 quarters of trend data · Industrials · Aerospace & Defense
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 16.44 | 16.58 | 27.78 | 14.27 | 19.86 | 15.34 | 38.55 | 13.55 | 18.86 | 17.14 | 18.93 | — | 17.81 | 21.34 | 20.99 | 10.13 | 19.96 | 19.74 | 18.33 | 5.73 | 13.58 |
| — | +8.1% | -28.0% | +5.3% | +5.3% | -10.5% | +103.6% | — | +5.9% | -19.7% | -9.8% | — | -10.8% | +8.1% | +14.5% | +77.0% | +47.0% | +39.5% | +204.2% | -85.1% | +1.4% | |
| P/S Ratio | 1.62 | 1.67 | 2.46 | 1.74 | 2.10 | 1.74 | 1.96 | 1.62 | 1.93 | 1.58 | 1.76 | 1.66 | 1.71 | 1.81 | 1.90 | 2.10 | 2.04 | 2.12 | 1.99 | 1.80 | 1.66 |
| — | -4.1% | +25.6% | +7.5% | +8.4% | +10.4% | +11.1% | -2.7% | +13.3% | -13.0% | -7.3% | -20.9% | -16.1% | -14.6% | -4.5% | +16.9% | +22.9% | +32.3% | +37.8% | +44.4% | +14.0% | |
| P/B Ratio | 4.12 | 4.06 | 5.68 | 4.89 | 5.47 | 4.65 | 4.95 | 4.52 | 5.25 | 4.50 | 5.02 | 4.78 | 4.19 | 4.48 | 4.67 | 5.51 | 5.24 | 5.47 | 5.27 | 4.80 | 5.06 |
| — | -12.9% | +14.7% | +8.1% | +4.3% | +3.4% | -1.5% | -5.4% | +25.1% | +0.5% | +7.5% | -13.2% | -20.0% | -18.1% | -11.3% | +14.6% | +3.5% | +4.1% | +4.8% | -0.0% | +0.3% | |
| P/FCF | 20.53 | 18.54 | — | 6.30 | 17.40 | 28.26 | — | 9.81 | 26.49 | 14.57 | — | 10.87 | 19.21 | 28.20 | — | 13.02 | 17.57 | — | — | 21.89 | 15.77 |
| — | -34.4% | — | -35.8% | -34.3% | +94.0% | — | -9.8% | +37.9% | -48.3% | — | -16.5% | +9.3% | — | — | -40.5% | +11.5% | — | — | +74.0% | +28.1% | |
| EV / EBITDA | 14.47 | 14.78 | 20.61 | 16.74 | 16.16 | 12.59 | 25.00 | 14.13 | 16.19 | 14.33 | 16.13 | 3055.96 | 15.38 | 16.36 | 17.40 | 19.13 | 18.71 | 17.45 | 17.50 | 17.43 | 12.75 |
| — | +17.4% | -17.5% | +18.4% | -0.2% | -12.1% | +55.0% | -99.5% | +5.2% | -12.4% | -7.3% | +15877.0% | -17.8% | -6.3% | -0.6% | +9.7% | +46.7% | +33.5% | +236.1% | +63.4% | -0.0% | |
| EV / EBIT | 19.45 | 16.27 | 23.53 | 12.64 | 17.65 | 13.97 | 30.99 | 12.41 | 17.41 | 16.14 | 17.83 | — | 16.29 | 18.61 | 19.23 | 9.80 | 17.96 | 16.84 | 16.50 | 5.38 | 12.30 |
| — | +16.5% | -24.1% | +1.8% | +1.4% | -13.4% | +73.8% | — | +6.9% | -13.3% | -7.2% | — | -9.3% | +10.5% | +16.5% | +82.3% | +46.0% | +37.8% | +22.9% | -84.3% | -2.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.8% | 19.5% | 19.8% | 19.6% | 21.4% | 21.4% | 16.7% | 18.1% | 21.1% | 21.4% | 21.1% | 4.6% | 20.9% | 21.3% | 21.3% | 18.2% | 20.3% | 22.3% | 21.3% | 18.0% | 22.2% |
| — | -8.7% | +18.9% | +8.4% | +1.4% | -0.4% | -20.7% | +296.6% | +0.9% | +0.7% | -1.4% | -74.9% | +3.0% | -4.3% | +0.2% | +1.3% | -8.6% | -0.3% | +12.0% | -12.3% | +9.5% | |
| Operating Margin | 10.2% | 10.1% | 10.0% | 8.9% | 11.9% | 13.8% | 6.1% | 10.2% | 11.2% | 10.7% | 10.6% | -3.7% | 10.4% | 10.1% | 10.2% | 9.0% | 9.4% | 10.8% | 10.2% | 8.6% | 12.0% |
| — | -26.8% | +65.4% | -12.9% | +6.4% | +29.1% | -42.7% | +375.9% | +7.8% | +5.6% | +3.8% | -140.9% | +10.5% | -6.8% | -0.1% | +5.1% | -21.3% | -5.0% | -66.9% | -23.9% | +10.3% | |
| Net Margin | 10.0% | 10.1% | 8.9% | 12.2% | 10.6% | 11.3% | 5.1% | 11.8% | 10.3% | 9.2% | 9.3% | -5.0% | 9.6% | 8.5% | 9.1% | 20.7% | 10.2% | 10.7% | 10.9% | 31.4% | 12.2% |
| — | -11.3% | +74.3% | +3.0% | +2.8% | +23.3% | -45.5% | +335.2% | +7.1% | +8.5% | +2.9% | -124.3% | -6.0% | -21.1% | -16.6% | -33.9% | -16.3% | -5.1% | -54.7% | +870.7% | +12.3% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 26.2% | 6.3% | 5.2% | 8.7% | 7.0% | 7.7% | 3.2% | 8.4% | 7.1% | 6.6% | 6.5% | -3.5% | 6.0% | 5.3% | 5.5% | 14.2% | 6.6% | 7.0% | 7.3% | 22.3% | 9.4% |
| — | -18.9% | +63.0% | +3.8% | -1.0% | +17.0% | -51.2% | +341.7% | +18.4% | +24.3% | +17.6% | -124.5% | -10.0% | -24.5% | -24.1% | -36.1% | -29.5% | -26.5% | -65.0% | +610.0% | -3.7% | |
| ROA | 8.3% | 2.2% | 1.7% | 2.8% | 2.2% | 2.4% | 1.0% | 2.6% | 2.1% | 2.0% | 2.0% | -1.2% | 2.1% | 1.8% | 1.9% | 4.8% | 2.2% | 2.3% | 2.3% | 6.4% | 2.5% |
| — | -9.4% | +75.5% | +9.5% | +4.2% | +21.8% | -50.8% | +321.2% | +3.3% | +8.9% | +4.6% | -124.3% | -4.2% | -19.9% | -15.4% | -24.6% | -14.1% | -9.0% | -55.8% | +762.9% | +12.6% | |
| ROIC | 10.2% | 2.6% | 2.3% | 2.4% | 2.8% | 3.3% | 1.4% | 2.6% | 2.7% | 2.6% | 2.6% | -1.0% | 2.5% | 2.4% | 2.3% | 2.3% | 2.2% | 2.6% | 2.5% | 2.3% | 3.4% |
| — | -22.2% | +69.4% | -8.7% | +4.5% | +25.8% | -48.3% | +369.7% | +9.0% | +11.6% | +12.8% | -141.5% | +11.5% | -8.0% | -7.9% | +2.0% | -35.4% | -26.0% | -72.3% | -36.6% | +12.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.18 | 0.91 | 1.00 | 1.18 | 1.21 | 1.25 | 1.23 | 1.32 | 1.35 | 1.40 | 1.41 | 1.21 | 1.09 | 1.19 | 1.22 | 1.10 | 1.17 | 1.18 | 1.22 | 1.26 | 1.36 |
| — | -27.1% | -19.1% | -10.4% | -10.7% | -10.9% | -12.2% | +8.9% | +24.1% | +17.7% | +15.4% | +10.4% | -6.7% | +0.6% | +0.2% | -12.6% | -14.2% | -15.0% | -17.5% | -25.9% | -23.7% | |
| Debt / EBITDA | 3.43 | 11.13 | 12.55 | 13.65 | 11.90 | 10.89 | 20.31 | 13.44 | 13.73 | 14.15 | 14.59 | 2562.86 | 13.00 | 14.29 | 14.80 | 13.06 | 13.89 | 12.58 | 13.46 | 15.14 | 11.43 |
| — | +2.3% | -38.2% | +1.6% | -13.3% | -23.1% | +39.2% | -99.5% | +5.6% | -1.0% | -1.5% | +19520.5% | -6.4% | +13.6% | +10.0% | -13.7% | +21.5% | +8.8% | +170.4% | +26.3% | -20.2% | |
| Current Ratio | 1.09 | 1.17 | 1.14 | 1.09 | 1.09 | 1.03 | 0.94 | 1.00 | 1.08 | 1.09 | 1.11 | 1.13 | 1.26 | 1.18 | 1.20 | 1.06 | 1.12 | 1.28 | 1.31 | 1.28 | 1.44 |
| — | +13.5% | +21.2% | +9.1% | +1.5% | -5.5% | -15.6% | -11.8% | -14.2% | -8.1% | -7.8% | +6.4% | +12.1% | -7.4% | -7.7% | -17.3% | -22.3% | -12.4% | -9.2% | -18.7% | +3.6% | |
| Quick Ratio | 0.99 | 1.06 | 1.02 | 0.99 | 0.97 | 0.91 | 0.82 | 0.89 | 0.95 | 0.97 | 1.01 | 1.04 | 1.13 | 1.07 | 1.10 | 0.98 | 1.03 | 1.18 | 1.21 | 1.20 | 1.34 |
| — | +16.3% | +24.1% | +11.1% | +1.6% | -6.0% | -18.1% | -13.8% | -15.3% | -9.4% | -8.4% | +6.1% | +9.3% | -8.8% | -9.3% | -18.5% | -23.4% | -13.4% | -9.3% | -20.0% | +2.7% | |
| Interest Coverage | 8.62 | 8.25 | 7.36 | 10.94 | 9.22 | 9.25 | 4.71 | 10.69 | 8.38 | 8.16 | 8.49 | -4.91 | 8.93 | 7.71 | 8.74 | 20.95 | 10.00 | 10.16 | 9.57 | 26.15 | 10.66 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying NOC stock.
Northrop Grumman Corporation's current P/E is 16.4x. The average P/E over the last 4 quarters is 19.6x. 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.