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NOC.NYSE
Northrop Grumman
Industrials · Aerospace & Defense

Global aerospace and defense technology company providing innovative systems, products, and solutions.

HQ: United StatesListed: United States

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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Profile & Fundamentals contents

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.

NOC.NYSE

Company profile record

Northrop Grumman Corporation

Common Stock · Industrials · Aerospace & Defense

Official website

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

Updated 2026-09-27
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

Shares Outstanding
219.6M164.7M109.8M54.9M0.00
142.4M
'17
'19
'21
'23
'25
'26

Latest reported ownership snapshot

As of Oct 1, 2026

Float 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

Top 5 concentration: 30.79%
State Street Corp
institution
Filed 2026-03-31 • Change -207.4K (-1.57%)
9.15%(13.0M shares)
BlackRock Inc
institution
Filed 2026-03-31 • Change +501.7K (+4.83%)
7.66%(10.9M shares)
Vanguard Capital Management, LLC
institution
Filed 2026-03-31 • Change +8.9M (0.00%)
6.30%(8.9M shares)
Capital Research & Mgmt Co - Division 3
institution
Filed 2026-06-30 • Change -1.2M (-17.53%)
4.12%(5.9M shares)
Capital World Investors
institution
Filed 2026-06-30 • Change -1.8M (-26.55%)
3.56%(5.1M shares)
Wellington Management Company LLP
institution
Filed 2026-06-30 • Change -37.9K (-0.76%)
3.47%(4.9M shares)
American Funds Washington Mutual A
fund
Filed 2026-06-30 • Change -141.6K (-3.02%)
3.20%(4.5M shares)
Source tablesView ownership tables

Shares Outstanding

Annual reported shares outstanding; up to 10 reporting dates.

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Shares outstanding — reported values
Reporting dateShares outstanding
2017-01-01174,300,000
2018-01-01170,000,000
2019-01-01167,700,000
2020-01-01166,800,000
2021-01-01160,400,000
2022-01-01154,500,000
2023-01-01151,100,000
2024-01-01147,300,000
2025-01-01142,900,000
2026-01-01142,400,000

Top Holders

Available reported ownership records.

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Largest reported holders
HolderSharesOwnershipReported date
State Street Corp13,000,9289.15%2026-03-31
BlackRock Inc10,882,5187.66%2026-03-31
Vanguard Capital Management, LLC8,949,2276.3%2026-03-31
Capital Research & Mgmt Co - Division 35,852,6744.12%2026-06-30
Capital World Investors5,062,3843.56%2026-06-30
Wellington Management Company LLP4,932,7803.47%2026-06-30
American Funds Washington Mutual A4,549,1153.2%2026-06-30
Vanguard MStar Total Stk Mkt Idx Invest4,513,2803.18%2026-08-31
Morgan Stanley - Brokerage Accounts3,608,7382.54%2026-03-31
Vanguard 500 Index Investor3,545,7792.5%2026-08-31
Vanguard Portfolio Management, LLC3,505,1032.47%2026-03-31
Franklin Templeton Inc3,279,1362.31%2026-03-31
Geode Capital Management, LLC3,213,1742.26%2026-03-31
Bank of America Corp2,644,8601.86%2026-03-31
FMR Inc2,105,4621.48%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.

Revenue, Net Income, and Free Cash Flow

Latest: USD 42.0B | Max: USD 42.0B | Min: USD 1.5B

RevenueFree Cash FlowNet Income
USD 52.9BUSD 39.6BUSD 26.4BUSD 13.2BUSD 0.00
42.0B
3.3B
4.2B
'16
'18
'20
'22
'24
'25

Valuation

P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.

Latest: 19x

39x29x20x10x0x
9x
34x
19x
'21'23'25

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.

Profitability Margins

Latest: 19.8% | Max: 100.0% | Min: 5.2%

Gross MarginOperating MarginNet Margin
126.0%94.5%63.0%31.5%0.0%
19.8%
10.2%
10.0%
'16
'18
'20
'22
'24
'25

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.

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Annual earnings and cash flow
Period endRevenue (USD)Net income (USD)Free cash flow (USD)
2016-12-3124,508,000,0002,200,000,0001,893,000,000
2017-12-3125,803,000,0002,015,000,0001,685,000,000
2018-12-3130,095,000,0003,229,000,0002,578,000,000
2019-12-3133,841,000,0002,248,000,0003,033,000,000
2020-12-3136,799,000,0003,189,000,0002,885,000,000
2021-12-3135,667,000,0007,005,000,0002,152,000,000
2022-12-3136,602,000,0004,896,000,0001,466,000,000
2023-12-3139,290,000,0002,056,000,0002,100,000,000
2024-12-3141,033,000,0004,174,000,0002,621,000,000
2025-12-3141,954,000,0004,182,000,0003,307,000,000

Published P/E Ratio

Published valuation snapshots retain each observation's earnings basis.

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Published valuation snapshots
Period endP/E (times earnings)Earnings basis
2025-12-3119.48Trailing four quarters
2024-12-3116.56Trailing four quarters
2023-12-3134.4Trailing four quarters
2022-12-3117.22Annual net income
2021-12-318.86Annual net income

Profitability Margins

Matching annual reporting dates. Values are percentages.

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Annual profitability margins
Period endGross margin (%)Operating margin (%)Net margin (%)Free cash flow margin (%)
2016-12-3123.5713.038.987.72
2017-12-3123.0712.797.816.53
2018-12-3122.5712.5610.738.57
2019-12-3121.4511.736.648.96
2020-12-3120.3211.058.677.84
2021-12-3120.3815.8419.646.03
2022-12-3120.429.8413.384.01
2023-12-311006.465.235.34
2024-12-3120.3810.6510.176.39
2025-12-3119.8110.29.977.88

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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