Global aerospace and defense technology company providing innovative systems, products, and solutions.
Profile & Fundamentals
Northrop Grumman: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Northrop Grumman Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. It operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems and Space Systems. The Aeronautics Systems segment designs, develops, produces, integrates, sustains, and modernizes aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic, surveillance and reconnaissance systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems. Its Defense Systems segment designs, develops, integrates, and produces strategic deterrent systems, tactical weapons, and missile defense solutions; and provides sustainment, modernization, and training services for manned and unmanned aircraft and electronics systems. This segment also offers strategic missiles; integrated all-domain command and control systems; precision strike weapons; tactical solid rocket motors, and high-speed air-breathing and hypersonic systems; high-performance gun systems, ammunition, precision munitions, and advanced fuzes; and sustainment, operation, and modernization. The Mission Systems segment provides command, control, communication and computer, intelligence, surveillance, and reconnaissance systems; radar, electro-optical/infrared, and acoustic sensors; electronic warfare systems; advanced communications and network systems; microelectronics; navigation and positioning sensors; maritime power, propulsion, and payload launch systems; cyber solutions; and intelligence processing systems. Its Space Systems segment offers satellites, spacecraft systems, subsystems, sensors, and payloads; ground systems; missile defense systems and interceptors; and launch vehicles and related propulsion systems. The company was founded in 1939 and is based in Falls Church, Virginia.
Company profile record
Northrop Grumman Corporation
Common Stock · Industrials · Aerospace & Defense
Company
- Company / asset
- Northrop Grumman Corporation
- Security type
- Common Stock
- Sector
- Industrials
- Industry
- Aerospace & Defense
- HQ
- 🇺🇸 United States
- Head office
- 2980 Fairview Park Drive, Falls Church, VA, United States, 22042
Leadership & scale
- Chief executive
- Ms. Kathy J. Warden
- CEO year born
- 1972
- Full-time employees
- 95K
- Fiscal year end
- December
- IPO date
- 1981-12-31
Fundamentals snapshot
- Market Cap
- USD 68.8B
- P/E
- 15.3x
- Revenue (Q2 26)
- USD 10.9B
- Profit (Q2 26)
- USD 1.1B
- Dividend Yield
- 1.4%
- Revenue (FY 25)
- USD 42.0B
- Shares in public float
- 141.6M
- Insider ownership
- 0.27%
Reporting & identifiers
- Symbol
- NOC.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US6668071029
- Asset ID
- equity_07594782-05db-5559-81f8-4d51d3d3c392
Ownership
Shares Outstanding
Latest: 142.4M | Max: 174.3M | Min: 142.4M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
99.44%
141.6M latest reported shares
Insider Ownership
0.27%
Latest reported insider stake
Short Float
0.02%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 174,300,000 |
| 2018-01-01 | 170,000,000 |
| 2019-01-01 | 167,700,000 |
| 2020-01-01 | 166,800,000 |
| 2021-01-01 | 160,400,000 |
| 2022-01-01 | 154,500,000 |
| 2023-01-01 | 151,100,000 |
| 2024-01-01 | 147,300,000 |
| 2025-01-01 | 142,900,000 |
| 2026-01-01 | 142,400,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| State Street Corp | 13,000,928 | 9.15% | 2026-03-31 |
| BlackRock Inc | 10,882,518 | 7.66% | 2026-03-31 |
| Vanguard Capital Management, LLC | 8,949,227 | 6.3% | 2026-03-31 |
| Capital Research & Mgmt Co - Division 3 | 5,852,674 | 4.12% | 2026-06-30 |
| Capital World Investors | 5,062,384 | 3.56% | 2026-06-30 |
| Wellington Management Company LLP | 4,932,780 | 3.47% | 2026-06-30 |
| American Funds Washington Mutual A | 4,549,115 | 3.2% | 2026-06-30 |
| Vanguard MStar Total Stk Mkt Idx Invest | 4,513,280 | 3.18% | 2026-08-31 |
| Morgan Stanley - Brokerage Accounts | 3,608,738 | 2.54% | 2026-03-31 |
| Vanguard 500 Index Investor | 3,545,779 | 2.5% | 2026-08-31 |
| Vanguard Portfolio Management, LLC | 3,505,103 | 2.47% | 2026-03-31 |
| Franklin Templeton Inc | 3,279,136 | 2.31% | 2026-03-31 |
| Geode Capital Management, LLC | 3,213,174 | 2.26% | 2026-03-31 |
| Bank of America Corp | 2,644,860 | 1.86% | 2026-03-31 |
| FMR Inc | 2,105,462 | 1.48% | 2026-03-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Northrop Grumman's financial performance highlights a clear distinction between booming customer demand and the operational challenge of converting sales into bottom-line profits. Trailing twelve-month revenue expanded to $42.9 billion through mid-2026, supported by an exceptional order backlog reaching $104.7 billion. While sales growth is firmly locked in by long-term government defense contracts, net earnings have experienced temporary volatility due to cost adjustments on fixed-price development projects and the absence of prior-year divestiture gains. The critical financial takeaway is that cash generation is beginning to stabilize as early development hurdles clear. Free cash flow reached $3.65 billion over the trailing twelve months, demonstrating that multi-year weapons and aerospace contracts translate into dependable cash collections once manufacturing processes mature.
Northrop Grumman's financial performance highlights a clear distinction between booming customer demand and the operational challenge of converting sales into bottom-line profits. Trailing twelve-month revenue expanded to $42.9 billion through mid-2026, supported by an exceptional order backlog reaching $104.7 billion. While sales growth is firmly locked in by long-term government defense contracts, net earnings have experienced temporary volatility due to cost adjustments on fixed-price development projects and the absence of prior-year divestiture gains. The critical financial takeaway is that cash generation is beginning to stabilize as early development hurdles clear. Free cash flow reached $3.65 billion over the trailing twelve months, demonstrating that multi-year weapons and aerospace contracts translate into dependable cash collections once manufacturing processes mature.
Revenue, Net Income, and Free Cash Flow
Latest: USD 42.0B | Max: USD 42.0B | Min: USD 1.5B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 19x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Operating profit margins have rebounded significantly from their 2023 low of 6.5%, stabilizing near 10.2% in fiscal 2025 and holding at 10.1% through mid-2026. This recovery reflects the elimination of severe early development charges on strategic aircraft programs, even though smaller write-downs on secondary missile and space contracts continue to create quarterly margin noise. The long-term margin trajectory depends on the shift from developmental work to full-scale factory production. As initial loss-leading bomber contracts roll off and high-margin sensor electronics and international munitions orders expand, consolidated operating margins are positioned to climb toward 11%, steadily expanding per-share profits.
Operating profit margins have rebounded significantly from their 2023 low of 6.5%, stabilizing near 10.2% in fiscal 2025 and holding at 10.1% through mid-2026. This recovery reflects the elimination of severe early development charges on strategic aircraft programs, even though smaller write-downs on secondary missile and space contracts continue to create quarterly margin noise. The long-term margin trajectory depends on the shift from developmental work to full-scale factory production. As initial loss-leading bomber contracts roll off and high-margin sensor electronics and international munitions orders expand, consolidated operating margins are positioned to climb toward 11%, steadily expanding per-share profits.
Profitability Margins
Latest: 19.8% | Max: 100.0% | Min: 5.2%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
19.8%
Gross profit / revenue
Operating Margin
10.2%
Operating income / revenue
Net Margin
10.0%
Net income / revenue
FCF Margin
7.9%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 24,508,000,000 | 2,200,000,000 | 1,893,000,000 |
| 2017-12-31 | 25,803,000,000 | 2,015,000,000 | 1,685,000,000 |
| 2018-12-31 | 30,095,000,000 | 3,229,000,000 | 2,578,000,000 |
| 2019-12-31 | 33,841,000,000 | 2,248,000,000 | 3,033,000,000 |
| 2020-12-31 | 36,799,000,000 | 3,189,000,000 | 2,885,000,000 |
| 2021-12-31 | 35,667,000,000 | 7,005,000,000 | 2,152,000,000 |
| 2022-12-31 | 36,602,000,000 | 4,896,000,000 | 1,466,000,000 |
| 2023-12-31 | 39,290,000,000 | 2,056,000,000 | 2,100,000,000 |
| 2024-12-31 | 41,033,000,000 | 4,174,000,000 | 2,621,000,000 |
| 2025-12-31 | 41,954,000,000 | 4,182,000,000 | 3,307,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 19.48 | Trailing four quarters |
| 2024-12-31 | 16.56 | Trailing four quarters |
| 2023-12-31 | 34.4 | Trailing four quarters |
| 2022-12-31 | 17.22 | Annual net income |
| 2021-12-31 | 8.86 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 23.57 | 13.03 | 8.98 | 7.72 |
| 2017-12-31 | 23.07 | 12.79 | 7.81 | 6.53 |
| 2018-12-31 | 22.57 | 12.56 | 10.73 | 8.57 |
| 2019-12-31 | 21.45 | 11.73 | 6.64 | 8.96 |
| 2020-12-31 | 20.32 | 11.05 | 8.67 | 7.84 |
| 2021-12-31 | 20.38 | 15.84 | 19.64 | 6.03 |
| 2022-12-31 | 20.42 | 9.84 | 13.38 | 4.01 |
| 2023-12-31 | 100 | 6.46 | 5.23 | 5.34 |
| 2024-12-31 | 20.38 | 10.65 | 10.17 | 6.39 |
| 2025-12-31 | 19.81 | 10.2 | 9.97 | 7.88 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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