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.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $42.0B | $7.2B | $4.2B | $3.3B | 25.1% | 2.2% | 0.2% |
| 2024 | $41.0B | $7.0B | $4.2B | $2.6B | 27.3% | 4.4% | 103.0% |
| 2023 | $39.3B | $4.2B | $2.1B | $2.1B | 13.9% | 7.3% | -58.0% |
| 2022 | $36.6B | $7.7B | $4.9B | $1.5B | 32.0% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 36,602 | 39,290 | 41,033 | 41,954 |
| Operating Revenue | - | 36,602 | 39,290 | 41,033 | 41,954 |
| Cost Of Revenue | - | 29,128 | 32,739 | 32,671 | 33,641 |
| Gross Profit | - | 7,474 | 6,551 | 8,362 | 8,313 |
| Operating Expense | - | 3,873 | 4,014 | 3,992 | 4,033 |
| Selling General And Administration | - | 3,873 | 4,014 | 3,992 | 4,033 |
| Total Expenses | - | 33,001 | 36,753 | 36,663 | 37,674 |
| Operating Income | - | 3,601 | 2,537 | 4,370 | 4,280 |
| Total Operating Income As Reported | - | 3,601 | 2,537 | 4,370 | 4,511 |
| EBITDA | - | 7,684 | 4,229 | 7,007 | 7,205 |
| Normalized EBITDA | - | 7,684 | 4,229 | 7,007 | 6,974 |
| EBIT | - | 6,342 | 2,891 | 5,637 | 5,733 |
| Interest Expense | - | 506 | 545 | 621 | 665 |
| Net Interest Income | - | -506 | -545 | -621 | -665 |
| Other Non Operating Income Expenses | - | 2,741 | 354 | 1,267 | 1,222 |
| Other Income Expense | - | 2,741 | 354 | 1,267 | 1,453 |
| Interest Expense Non Operating | - | 506 | 545 | 621 | 665 |
| Net Non Operating Interest Income Expense | - | -506 | -545 | -621 | -665 |
| Pretax Income | - | 5,836 | 2,346 | 5,016 | 5,068 |
| Tax Provision | - | 940 | 290 | 842 | 886 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 40.42 |
| Net Income Continuous Operations | - | 4,896 | 2,056 | 4,174 | 4,182 |
| Net Income From Continuing And Discontinued Operation | - | 4,896 | 2,056 | 4,174 | 4,182 |
| Net Income From Continuing Operation Net Minority Interest | - | 4,896 | 2,056 | 4,174 | 4,182 |
| Net Income | - | 4,896 | 2,056 | 4,174 | 4,182 |
| Net Income Common Stockholders | - | 4,896 | 2,056 | 4,174 | 4,182 |
| Net Income Including Noncontrolling Interests | - | 4,896 | 2,056 | 4,174 | 4,182 |
| Normalized Income | - | 4,896 | 2,056 | 4,174 | 3,991.42 |
| Diluted NI Availto Com Stockholders | - | 4,896 | 2,056 | 4,174 | 4,182 |
| Basic Average Shares | - | 154.90 | 151.50 | 147 | 143.50 |
| Diluted Average Shares | - | 155.60 | 152 | 147.30 | 143.80 |
| Reconciled Depreciation | - | 1,342 | 1,338 | 1,370 | 1,472 |
| Reconciled Cost Of Revenue | - | 29,128 | 32,739 | 32,671 | 33,641 |
| Total Unusual Items | - | 0 | 0 | 0 | 231 |
| Total Unusual Items Excluding Goodwill | - | 0 | 0 | 0 | 231 |
| Special Income Charges | - | 0 | 0 | 0 | 231 |
| Gain On Sale Of Business | - | 0 | 0 | 0 | 231 |
| General And Administrative Expense | - | 3,873 | 4,014 | 3,992 | 4,033 |
| Other Gand A | - | 3,873 | 4,014 | 3,992 | 4,033 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Northrop Grumman Corporationthis co. | NOC | $77.4B | 18.52↓ discount | 4.64 | 25.1% | 12.50 |
| CSX Corporation | CSX | $85.9B | 29.73 | 6.53 | 22.0% | 16.62 |
| 3M Company | MMM | $79.7B | 24.52 | 16.95 | 69.1% | 13.46 |
| Emerson Electric Co. | EMR | $79.6B | 34.70 | 3.92 | 11.3% | 18.97 |
| FedEx Corporation | FDX | $78.3B |
| - |
| - |
| - |
| - |
| - |
| - |
| 19.13 |
| 2.79 |
| 14.6% |
| 10.50 |
| Illinois Tool Works Inc. | ITW | $72.2B | 23.56 | 22.40 | 95.1% | 17.32 |
| Cintas Corporation | CTAS | $72.0B | 39.73 | 15.37 | 38.7% | 26.02 |
| Norfolk Southern Corporation | NSC | $69.0B | 24.01 | 4.44 | 18.5% | 14.49 |
| TransDigm Group Incorporated | TDG | $68.7B | 33.12 | -7.09 | -21.4% | 21.00 |
| Peer Median | - | 27.13 | 5.48 | 20.2% | 16.97 | |
Historically, Feb has averaged the highest return (+5.1%); Apr the lowest (-4.1%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +21.4%Positive MonthJan 2026: +21.40% | +4.6%Positive MonthFeb 2026: +4.64% | -5.8%Negative MonthMar 2026: -5.82% | -15.1%Negative MonthApr 2026: -15.06% | -2.7%Negative MonthMay 2026: -2.73% | -9.6%Negative MonthJun 2026: -9.65% | +6.5%Positive MonthJul 2026: +6.51% | +7.4%*Positive MonthAug 2026: +7.44% | — | — | — | — |
| 2025 | +3.8%Positive MonthJan 2025: +3.83% | -5.2%Negative MonthFeb 2025: -5.24% | +10.9%Positive MonthMar 2025: +10.89% | -5.0%Negative MonthApr 2025: -4.98% | -0.4%Neutral MonthMay 2025: -0.36% | +3.1%Positive MonthJun 2025: +3.14% | +15.3%Positive MonthJul 2025: +15.33% | +2.3%Positive MonthAug 2025: +2.33% | +3.3%Positive MonthSep 2025: +3.27% | -4.2%Negative MonthOct 2025: -4.25% | -1.9%Neutral MonthNov 2025: -1.92% | -0.4%Neutral MonthDec 2025: -0.36% |
| 2024 | -4.6%Negative MonthJan 2024: -4.57% | +3.2%Positive MonthFeb 2024: +3.19% | +3.8%Positive MonthMar 2024: +3.83% | +1.3%Neutral MonthApr 2024: +1.33% | -7.1%Negative MonthMay 2024: -7.06% | -3.3%Negative MonthJun 2024: -3.29% | +11.1%Positive MonthJul 2024: +11.10% | +8.0%Positive MonthAug 2024: +8.03% | +0.9%Neutral MonthSep 2024: +0.93% | -3.6%Negative MonthOct 2024: -3.61% | -3.8%Negative MonthNov 2024: -3.81% | -4.2%Negative MonthDec 2024: -4.16% |
| 2023 | -17.9%Negative MonthJan 2023: -17.88% | +3.6%Positive MonthFeb 2023: +3.59% | -0.5%Neutral MonthMar 2023: -0.51% | -0.1%Neutral MonthApr 2023: -0.10% | -5.6%Negative MonthMay 2023: -5.59% | +4.7%Positive MonthJun 2023: +4.66% | -2.4%Negative MonthJul 2023: -2.37% | -2.7%Negative MonthAug 2023: -2.68% | +1.6%Neutral MonthSep 2023: +1.64% | +7.1%Positive MonthOct 2023: +7.10% | +0.8%Neutral MonthNov 2023: +0.79% | -1.5%Neutral MonthDec 2023: -1.48% |
| 2022 | -4.4%Negative MonthJan 2022: -4.44% | +19.5%Positive MonthFeb 2022: +19.53% | +1.1%Neutral MonthMar 2022: +1.15% | -1.7%Neutral MonthApr 2022: -1.75% | +6.5%Positive MonthMay 2022: +6.50% | +2.3%Positive MonthJun 2022: +2.27% | +0.1%Neutral MonthJul 2022: +0.07% | -0.2%Neutral MonthAug 2022: -0.19% | -1.6%Neutral MonthSep 2022: -1.60% | +16.7%Positive MonthOct 2022: +16.73% | -2.9%Negative MonthNov 2022: -2.86% | +2.3%Positive MonthDec 2022: +2.31% |
| 2021 | — | — | — | — | +3.2%Positive MonthMay 2021: +3.22% | -0.7%Neutral MonthJun 2021: -0.67% | -0.1%Neutral MonthJul 2021: -0.11% | +1.3%Neutral MonthAug 2021: +1.29% | -2.1%Negative MonthSep 2021: -2.05% | -0.8%Neutral MonthOct 2021: -0.81% | -2.4%Negative MonthNov 2021: -2.36% | +11.0%Positive MonthDec 2021: +10.97% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.