Northrop Grumman Corporation — NOC
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $575.50 | $82.40B | 21.3 | 20.5 | 11.9% | 11.5% | $9.24 159.0% | 5.3 |
Revenue & Net Income
| Date | Revenue | Net Income | EPS | Revenue Change | Net Income Change | EPS Change | |
|---|---|---|---|---|---|---|---|
| 0 | 2020-12-31 | $36.8B | $3.2B | $19.08 | N/A | N/A | N/A |
| 1 | 2021-12-31 | $35.7B | $7.0B | $43.70 | -3.1% | 119.7% | 129.0% |
| 2 | 2022-12-31 | $36.6B | $4.9B | $31.61 | 2.6% | -30.1% | -27.7% |
| 3 | 2023-12-31 | $39.3B | $2.1B | $13.57 | 7.3% | -58.0% | -57.1% |
| 4 | 2024-12-31 | $41.0B | $4.2B | $28.39 | 4.4% | 103.0% | 109.2% |
| 5 | TTM 2025-03-31 | $40.4B | $3.7B | $25.35 | -1.6% | -11.1% | -10.7% |
| 6 | Average | 1.9% | 24.7% | 28.5% |
EPS
Forecasts
Y/Y % Change
NOC Year-over-Year Growth
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Average | |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | -3.1% | 2.6% | 7.3% | 4.4% | 2.7% | 5.2% | 3.2% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 0 | 7 | 7 | |
| EPS Growth (%) | 119.7% | -30.1% | -58.0% | 103.0% | -13.0% | 12.9% | 22.4% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 0 | 9 | 9 |
Expenses
| Year | Revenue ($) | Cost of Revenue ($) | G&A ($) | SG&A ($) | Facilities / D&A ($) |
|---|---|---|---|---|---|
| 2021 | $35.7B | $27.2B | $3.6B | $3.6B | $1.2B |
| 2022 | $36.6B | $27.8B | $3.9B | $3.9B | $1.3B |
| 2023 | $39.3B | $31.4B | $4.0B | $4.0B | $1.3B |
| 2024 | $41.0B | $31.3B | $4.0B | $4.0B | $1.4B |
| TTM | $40.5B | $31.2B | $3.9B | $3.9B | $1.4B |
| Year | Revenue Change (%) | Cost of Revenue Change (%) | G&A Change (%) | SG&A Change (%) | Facilities / D&A Change (%) |
|---|---|---|---|---|---|
| 2022 | 2.62 | 2.30 | 7.67 | 7.67 | 8.31 |
| 2023 | 7.34 | 13.01 | 3.64 | 3.64 | -0.30 |
| 2024 | 4.44 | -0.32 | -0.55 | -0.55 | 2.39 |
| TTM | -1.30 | -0.19 | -3.51 | -3.51 | 4.53 |
No unmapped expenses.
Segment Performance
SEGMENTS v2025-09-09 · 2025-09-05 15:04 UTC — Values are shown in a single scale for this table: $B. TTM values are bold. “% of Total (TTM)” shows revenue mix.
| Segment | 2022 Rev ($B) | 2022 OI ($B) | 2023 Rev ($B) | 2023 OI ($B) | 2024 Rev ($B) | 2024 OI ($B) | TTM Rev ($B) | TTM OI ($B) | % of Total (TTM) |
|---|---|---|---|---|---|---|---|---|---|
| Product | 28.5B | 0.00B | 30.9B | 0.00B | 32.7B | 0.00B | 32.5B | 0.00B | 80.0% |
| Service | 8.08B | 0.00B | 8.39B | 0.00B | 8.31B | 0.00B | 8.12B | 0.00B | 20.0% |
| Sentinel E M D Phase | – | – | – | – | – | – | 0.00B | 0.08B | 0.0% |
| B21 Program E M D Phase | 0.00B | 0.13B | – | – | – | – | – | – | – |
| B21 Program L R I P Options | – | – | 0.00B | -0.14B | – | – | – | – | – |
| H A L O Program | – | – | 0.00B | -0.10B | 0.00B | 0.04B | – | – | – |
SEGMENTS v2025-09-09 · 2025-09-05 15:04 UTC — Values are shown in a single scale for this table: $B. TTM values are bold. “% of Total (TTM)” shows revenue mix.
| Segment | 2022 Rev ($B) | 2022 OI ($B) | 2023 Rev ($B) | 2023 OI ($B) | 2024 Rev ($B) | 2024 OI ($B) | TTM Rev ($B) | TTM OI ($B) | % of Total (TTM) |
|---|---|---|---|---|---|---|---|---|---|
| Mission Systems | 84.2B | 1.78B | 88.2B | 1.78B | 92.4B | 1.78B | 98.8B | 1.92B | 28.1% |
| Aeronautics Systems | 84.5B | 1.14B | 86.5B | -0.45B | 96.5B | 1.21B | 95.6B | 0.74B | 27.2% |
| Space Systems | 85.0B | 1.13B | 95.5B | 1.18B | 94.3B | 1.30B | 85.2B | 1.20B | 24.3% |
| Defense Systems | 61.8B | 0.88B | 67.1B | 0.92B | 69.3B | 0.97B | 71.7B | 1.12B | 20.4% |
Balance Sheet
| Metric | Value | |
|---|---|---|
| 0 | Total Assets | $48,468M |
| 1 | Cash | $1,685M |
| 2 | Total Liabilities | $33,484M |
| 3 | Total Debt | $16,021M |
| 4 | Total Equity | $14,984M |
| 5 | Debt to Equity Ratio | 1.07 |
EPS & Dividend
Valuation
| Share Price | Treasury Yield | Estimates | Fair Value (P/E) | Fair Value (P/S) | Current P/S | Current P/E |
|---|---|---|---|---|---|---|
| $497.70 | 4.4% | Nicks Growth: 2% Nick's Expected Margin: 10% FINVIZ Growth: 6% |
Nicks: 8 Finviz: 12 |
Nick's: 0.786 | 1.8 | 19.6 |
| Basis | Year | Nicks Valuation | Nicks vs Share Price | Finviz Valuation | Finviz vs Share Price |
|---|---|---|---|---|---|
| $25.35 EPS | TTM | $199.34 | -59.9% | $295.21 | -40.7% |
| $25.50 EPS | 2025 | $200.52 | -59.7% | $296.96 | -40.3% |
| $28.52 EPS | 2026 | $224.26 | -54.9% | $332.13 | -33.3% |
Implied Growth
| Average | Median | Std Dev | Current | Percentile | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | |
| Timeframe | ||||||||||
| 1 Year | 11.97% | 11.31% | 12.13% | 11.75% | 0.40% | 0.72% | 12.11% | 11.70% | 50.0% | 43.1% |
| 3 Years | 11.97% | 11.31% | 12.13% | 11.75% | 0.40% | 0.72% | 12.11% | 11.70% | 50.0% | 43.1% |
| 5 Years | 11.97% | 11.31% | 12.13% | 11.75% | 0.40% | 0.72% | 12.11% | 11.70% | 50.0% | 43.1% |
| 10 Years | 11.97% | 11.31% | 12.13% | 11.75% | 0.40% | 0.72% | 12.11% | 11.70% | 50.0% | 43.1% |