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Northrop Grumman Corporation (NOC) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

INDUSTRIALS · Aerospace & Defense · DATA UPDATED 2026-07-13

Northrop Grumman Corporation (NOC) operates in the Aerospace & Defense industry and is headquartered in Falls Church, United States with about 95,000 employees. Its market capitalization is roughly $77 billion. In the fiscal year ended 2025-12-31, NOC reported $42.0B in revenue and $4.2B in net income.

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.

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NOC Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$42.4B	$42.0B	$41.0B	$39.3B	$36.6B	$35.7B	$36.8B	$33.8B	$30.1B	$25.8B	$24.5B	$23.5B	$24.0B	$24.7B	$25.2B	$26.4B	$28.1B	$33.8B	$33.9B	$32.0B	$30.1B
Gross Profit	$8.7B	$8.3B	$8.4B	$39.3B	$7.5B	$7.3B	$7.5B	$7.3B	$6.8B	$6.0B	$5.8B	$5.6B	$5.6B	$5.4B	$5.6B	$5.6B	$5.3B	$5.6B	$6.2B	$6.2B	$5.5B
Gross Margin %	20.5%	19.8%	20.4%	100.0%	20.4%	20.4%	20.3%	21.4%	22.6%	23.1%	23.6%	24.0%	23.4%	21.8%	22.1%	21.3%	18.8%	16.7%	18.3%	19.4%	18.2%
Operating Income (EBIT)	$4.7B	$4.3B	$4.4B	$2.5B	$3.6B	$5.7B	$4.1B	$4.0B	$3.8B	$3.3B	$3.2B	$3.1B	$3.2B	$3.1B	$3.1B	$3.3B	$2.8B	$2.5B	($111M)	$3.0B	$2.5B
Operating Margin %	11.1%	10.2%	10.7%	6.5%	9.8%	15.8%	11.1%	11.7%	12.6%	12.8%	13.0%	13.1%	13.3%	12.7%	12.4%	12.4%	10.1%	7.4%	-0.3%	9.4%	8.1%
Net Income	$4.6B	$4.2B	$4.2B	$2.1B	$4.9B	$7.0B	$3.2B	$2.2B	$3.2B	$2.0B	$2.2B	$2.0B	$2.1B	$2.0B	$2.0B	$2.1B	$2.1B	$1.7B	($1.3B)	$1.8B	$1.5B
Net Margin %	10.8%	10.0%	10.2%	5.2%	13.4%	19.6%	8.7%	6.6%	10.7%	7.8%	9.0%	8.5%	8.6%	7.9%	7.8%	8.0%	7.3%	5.0%	-3.7%	5.6%	5.1%
EBITDA	$7.7B	$7.2B	$6.8B	$2.5B	$7.7B	$8.7B	$5.6B	$4.2B	$5.1B	$4.9B	$3.4B	$3.6B	$3.7B	$3.6B	$3.7B	$3.8B	$3.4B	$3.3B	$688M	$3.7B	$3.2B
Earnings Per Share (EPS)	$31.94	$29.08	$28.34	$13.53	$31.47	$43.54	$19.03	$13.22	$18.49	$11.47	$12.19	$10.39	$9.75	$8.35	$7.81	$7.52	$6.82	$5.21	$-3.77	$5.05	$4.30
Shares Outstanding (M)	142M	144M	147M	152M	156M	161M	168M	170M	175M	176M	180M	192M	212M	234M	253M	282M	301M	323M	334M	354M	359M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NOC Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	$9.9B	$11.7B	$10.4B	$10.4B	$9.5B	$10.7B	$10.0B	$10.2B
Gross Profit	$2.0B	$2.3B	$2.2B	$2.2B	$1.6B	$1.9B	$2.1B	$2.2B
Gross Margin %	19.8%	19.6%	21.4%	21.3%	16.7%	18.1%	21.1%	21.4%
Operating Income (EBIT)	$989M	$1.0B	$1.2B	$1.4B	$573M	$1.1B	$1.1B	$1.1B
Operating Margin %	10.0%	8.9%	11.9%	13.8%	6.0%	10.2%	11.2%	10.7%
Net Income	$875M	$1.4B	$1.1B	$1.2B	$481M	$1.3B	$1.0B	$940M
Net Margin %	8.9%	12.2%	10.5%	11.3%	5.1%	11.8%	10.3%	9.2%
EBITDA	$1.6B	$2.3B	$1.9B	$1.9B	$1.1B	$2.1B	$1.7B	$1.6B
Earnings Per Share (EPS)	$6.14	$9.99	$7.67	$8.15	$3.32	$8.58	$7.00	$6.36
Shares Outstanding (M)	142M	143M	144M	144M	145M	147M	146M	148M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NOC Free Cash Flow History

Cash flow	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$4.7B	$4.8B	$4.4B	$3.9B	$2.9B	$3.6B	$4.3B	$4.3B	$3.8B	$2.6B	$2.8B	$2.2B	$2.6B	$2.5B	$2.6B	$2.1B	$2.5B	$2.1B	$3.2B	$2.9B	$1.8B
Capital Expenditures (CapEx)	$1.4B	$1.4B	$1.8B	$1.8B	$1.4B	$1.4B	$1.4B	$1.3B	$1.2B	$928M	$920M	$471M	$561M	$364M	$331M	$488M	$585M	$722M	$681M	$685M	$737M
Free Cash Flow (FCF)	$3.3B	$3.3B	$2.6B	$2.1B	$1.5B	$2.2B	$2.9B	$3.0B	$2.6B	$1.7B	$1.9B	$1.7B	$2.0B	$2.1B	$2.3B	$1.6B	$1.9B	$1.4B	$2.5B	$2.2B	$1.0B
FCF Margin %	7.8%	7.9%	6.4%	5.3%	4.0%	6.0%	7.8%	9.0%	8.6%	6.5%	7.7%	7.2%	8.5%	8.6%	9.2%	6.2%	6.6%	4.2%	7.5%	6.9%	3.4%
Dividends Paid	$1.3B	$1.3B	$1.2B	$1.1B	$1.1B	$983M	$953M	$880M	$821M	$689M	$640M	$603M	$563M	$545M	$535M	$543M	$545M	$539M	$525M	$504M	$402M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NOC Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Cash from Operations (CFO)	($1.7B)	$3.9B	$1.6B	$868M	($1.6B)	$2.6B	$1.1B	$1.4B
Capital Expenditures (CapEx)	$167M	$662M	$301M	$231M	$256M	$816M	$361M	$320M
Free Cash Flow (FCF)	($1.8B)	$3.2B	$1.3B	$637M	($1.8B)	$1.8B	$730M	$1.1B
FCF Margin %	-18.4%	27.6%	12.0%	6.2%	-19.2%	16.5%	7.3%	10.8%
Dividends Paid	$333M	$329M	$330M	$332M	$302M	$299M	$301M	$303M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NOC Balance Sheet History

Balance sheet	2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$50.0B	$51.4B	$49.4B	$46.5B	$43.8B	$42.6B	$44.5B	$41.1B	$37.7B	$34.9B	$25.6B	$24.5B	$26.6B	$26.4B	$26.5B	$25.4B	$31.5B	$30.3B	$30.2B	$33.4B	$32.0B
Cash & Cash Equivalents	$2.1B	$4.4B	$4.4B	$3.1B	$2.6B	$3.5B	$4.9B	$2.2B	$1.6B	$11.2B	$2.5B	$2.3B	$3.9B	$5.2B	$3.9B	$3.0B	$3.7B	$3.3B	$1.5B	$963M	$1.0B
Total Liabilities	$32.9B	$34.7B	$34.1B	$31.7B	$28.4B	$29.7B	$33.9B	$32.3B	$29.5B	$27.9B	$20.4B	$18.9B	$19.3B	$15.8B	$17.0B	$15.1B	$18.0B	$17.6B	$18.3B	$15.7B	$15.4B
Total Debt (Short + Long-Term)	$15.2B	$16.0B	$16.6B	$14.2B	$13.2B	$13.1B	$15.3B	$14.6B	$15.6B	$15.8B	$8.4B	$7.6B	$7.4B	$7.1B	$5.1B	$3.9B	$4.8B	$4.3B	$3.9B	$4.4B	$4.5B
Total Shareholders' Equity	$17.1B	$16.7B	$15.3B	$14.8B	$15.3B	$12.9B	$10.6B	$8.8B	$8.2B	$7.0B	$5.3B	$5.5B	$7.2B	$10.6B	$9.5B	$10.3B	$13.6B	$12.7B	$11.9B	$17.7B	$16.6B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive NOC viewer.

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