Northrop Grumman Corporation (NOC) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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NOC Revenue Growth
Revenue Breakdown (FY 2025)
NOC's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
NOC Revenue Analysis (2014–2025)
As of May 9, 2026, Northrop Grumman Corporation (NOC) generated trailing twelve-month (TTM) revenue of $42.37 billion, reflecting modest growth of +4.4% year-over-year. The most recent quarter (Q1 2026) recorded $9.88 billion in revenue, down 15.6% sequentially.
Looking at the longer-term picture, NOC's 5-year compound annual growth rate (CAGR) stands at +2.7%, indicating moderate growth over time. The company achieved its highest annual revenue of $41.95 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows NOC's business is primarily driven by Aeronautics Systems (31%), Mission Systems (30%), and Space Systems (26%).
When compared to Industrials sector peers including LMT (+4.6% YoY), RTX (+10.6% YoY), and GD (+9.3% YoY), NOC has underperformed the peer group in terms of revenue growth. Compare NOC vs LMT →
NOC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NOCCurrent | $42.4B | +4.4% | +2.7% | 10.2% | |
 LMT | $75.1B | +4.6% | +2.8% | 10.3% | |
 RTX | $88.6B | +10.6% | +9.4% | 10.0% | |
 GD | $52.5B | +9.3% | +6.7% | 10.2% | |
 BA | $89.5B | +32.7% | +9.0% | -6.1% | |
 HII | $12.5B | +12.1% | +5.9% | 4.9% |
NOC Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $41.95B | +2.2% | $8.31B | 19.8% | $4.28B | 10.2% |
| 2024 | $41.03B | +4.4% | $8.36B | 20.4% | $4.37B | 10.7% |
| 2023 | $39.29B | +7.3% | $6.55B | 16.7% | $2.54B | 6.5% |
| 2022 | $36.60B | +2.6% | $7.47B | 20.4% | $3.60B | 9.8% |
| 2021 | $35.67B | -3.1% | $7.27B | 20.4% | $5.65B | 15.8% |
| 2020 | $36.80B | +8.7% | $7.48B | 20.3% | $4.07B | 11.0% |
| 2019 | $33.84B | +12.4% | $7.26B | 21.5% | $3.97B | 11.7% |
| 2018 | $30.09B | +16.6% | $6.79B | 22.6% | $3.78B | 12.6% |
| 2017 | $25.80B | +5.3% | $5.95B | 23.1% | $3.30B | 12.8% |
| 2016 | $24.51B | +4.2% | $5.78B | 23.6% | $3.19B | 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's revenue growth accelerating or slowing?
NOC revenue growth slowed to +4.4%, below the 5-year CAGR of +2.7%. TTM revenue is $42.4B. The deceleration marks a shift from historical growth rates.
What is NOC's long-term revenue growth rate?
Northrop Grumman Corporation's 5-year revenue CAGR of +2.7% reflects the variable expansion pattern. Current YoY growth of +4.4% is near this long-term average.
How is NOC's revenue distributed by segment?
NOC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.