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NYSE · Industrials

NORTHROP GRUMMAN CORP /DE/ (NOC)

As-reported financials and recent SEC filings for NORTHROP GRUMMAN CORP /DE/, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About NORTHROP GRUMMAN CORP /DE/

Northrop Grumman Corporation is a global aerospace and defense technology company that provides products and services primarily to the U.S. Department of War and intelligence community, as well as international customers. Its main offerings include space systems, military aircraft, missile defense, advanced weapons, mission systems, networking and communications, and strategic deterrence systems. The company operates through four sectors: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems, serving military and government clients with advanced technology solutions.

Snapshot

Revenue
$41.95B
Revenue growth (YoY)
2.2%
Net income
$4.18B
Diluted EPS
$29.08
Gross margin
Operating margin
10.8%
Net margin
10.0%
FCF margin
7.9%
ROE
25.1%
P/E (TTM)
17.4×
Market cap
$77.79B
Debt / equity
0.9×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Northrop Grumman Corp /de/

  • Revenue grew 2.2% to $42.0B in FY2025, slower than the 4.4% the year before.
  • Operating margin is 10.8% in FY2025, -5.1 pp against 15.8% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $10.9B, up 5.1% from Q2 FY2025.
  • Free cash flow was $3.3B in FY2025, 7.9% of revenue.
  • Net income rose 0.2% to $4.2B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Northrop Grumman Corp /de/’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin10.8%
69th percentile of 606
Net margin10.0%
76th percentile of 646
FCF margin7.9%
63rd percentile of 561
Revenue growth (YoY)+2.2%
42nd percentile of 669
ROE25.1%
88th percentile of 601
P/E (TTM)17.4×
31st percentile of 435
Debt / equity0.91×
73rd percentile of 406
Short interest2.63d
31st percentile of 676

Northrop Grumman Corp /de/’s return on equity of 25.1% ranks in the 88th percentile of the 601 Industrials companies reporting it.

No open-market insider buys in the last 90 days; 11 insider sales totaling $54,309. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
4
+6 quant / multi-strat
Initiated / added
5
1 new, 4 added
Reduced / exited
5
5 trimmed, 0 exited
Combined position
$929.2M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ1 2026$227.4M338.4KReduced
Two Sigma InvestmentsquantQ1 2026$215.7M316.2KAdded
D. E. ShawquantQ1 2026$141.8M207.8KReduced
Yacktman Asset ManagementQ1 2026$132.5M194.2KAdded
Millennium ManagementquantQ1 2026$125.2M183.5KAdded
Citadel AdvisorsquantQ1 2026$50.6M74.1KReduced
Gotham Asset ManagementQ1 2026$14.8M21.7KReduced
Bridgewater AssociatesQ1 2026$7.8M11.5KAdded
Renaissance TechnologiesquantQ1 2026$6.8M10.0KReduced
Soros Fund ManagementQ1 2026$6.6M9.7KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
11
$54K
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-05-04
filed 2026-05-05
WELSH MARK A IIIDirectorSell43$570.47$25K
2026-05-04
filed 2026-05-05
WELSH MARK A IIIDirectorSell14$573.51$8K
2026-05-04
filed 2026-05-05
WELSH MARK A IIIDirectorSell9$569.49$5K
2026-05-04
filed 2026-05-05
WELSH MARK A IIIDirectorSell7$576.38$4K
2026-05-04
filed 2026-05-05
WELSH MARK A IIIDirectorSell6$572.72$3K
2026-05-04
filed 2026-05-05
WELSH MARK A IIIDirectorSell5$568.75$3K
2026-05-04
filed 2026-05-05
WELSH MARK A IIIDirectorSell4$575.59$2K
2026-05-04
filed 2026-05-05
WELSH MARK A IIIDirectorSell3$571.74$2K
2026-05-04
filed 2026-05-05
WELSH MARK A IIIDirectorSell2$574.51$1K
2026-05-04
filed 2026-05-05
WELSH MARK A IIIDirectorSell1$577.05$577
2026-05-04
filed 2026-05-05
WELSH MARK A IIIDirectorSell1$566.60$567

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
2.3M
settled 2026-07-15
Change vs prior
-1.4%
vs previous settlement
Days to cover
2.63
at avg daily volume
Avg daily volume
884.7K
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-152.3M-1.4%2.63
2026-06-302.4M+10.1%2.00
2026-06-152.1M+17.6%2.05
2026-05-291.8M+4.1%1.88
2026-05-151.7M+4.7%2.49
2026-04-301.7M-2.2%1.76
2026-04-151.7M-10.3%2.53
2026-03-311.9M-11.4%2.38

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$41.95B$41.03B$39.29B$36.60B$35.67B
Gross profit
Operating income$4.51B$4.37B$2.54B$3.60B$5.65B
Net income$4.18B$4.17B$2.06B$4.90B$7.00B
Diluted EPS$29.08$28.34$13.53$31.47$43.54

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$4.76B$4.39B$3.88B$2.90B$3.57B
Capital expenditure$1.45B$1.77B$1.77B$1.44B$1.42B
Free cash flow$3.31B$2.62B$2.10B$1.47B$2.15B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$10.88B5.1%$1.09B$7.68
Q1 FY2026$9.88B4.4%$875.0M$6.14
Q4 FY2025$11.71B9.6%$1.43B$9.99
Q3 FY2025$10.42B4.3%$1.10B$7.67
Q2 FY2025$10.35B1.3%$1.17B$8.15
Q1 FY2025$9.47B-6.6%$481.0M$3.32
Q4 FY2024$10.69B0.5%$1.26B$8.67
Q3 FY2024$10.00B2.3%$1.03B$7.00

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorIndustrials
SIC industrySearch, Detection, Navigation, Guidance, Aeronautical Sys
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2017
SEC CIK1133421

Recent SEC filings

10-K2026-01-27
View on EDGAR →
10-K2025-01-30
View on EDGAR →
10-Q2026-07-21
View on EDGAR →
10-Q2026-04-21
View on EDGAR →
10-Q2025-10-21
View on EDGAR →
10-Q2025-07-22
View on EDGAR →
8-K2026-07-21
View on EDGAR →
8-K2026-05-21
View on EDGAR →

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.