Northrop Grumman Corporation (NOC)

Northrop Grumman Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	40,928	41,033	39,290	36,602	35,667	36,799
Revenue Growth (YoY)	-0.14%	4.44%	7.34%	2.62%	-3.08%	8.74%
Cost of Revenue	32,979	32,671	32,739	29,128	28,399	29,321
Gross Profit	7,949	8,362	6,551	7,474	7,268	7,478
Selling, General & Admin	2,852	2,893	3,906	1,136	-227	3,249
Operating Expenses	2,852	2,893	3,906	1,136	-227	3,249
Operating Income	5,097	5,469	2,645	6,338	7,495	4,229
Interest Expense	-650	-621	-545	-506	-556	-593
Other Non Operating Income (Expenses)	109	168	149	4	73	92
EBT Excluding Unusual Items	4,556	5,016	2,249	5,836	7,012	3,728
Gain (Loss) on Sale of Investments	92	-	97	-	-	-
Gain (Loss) on Sale of Assets	231	-	-	-	1,980	-
Other Unusual Items	-	-	-	-	-54	-
Pretax Income	4,879	5,016	2,346	5,836	8,938	3,728
Income Tax Expense	860	842	290	940	1,933	539
Net Income	4,019	4,174	2,056	4,896	7,005	3,189
Net Income to Common	4,019	4,174	2,056	4,896	7,005	3,189
Net Income Growth	69.22%	103.02%	-58.01%	-30.11%	119.66%	41.86%
Shares Outstanding (Basic)	144	147	152	155	160	167
Shares Outstanding (Diluted)	145	147	152	156	161	168
Shares Change (YoY)	-2.71%	-3.09%	-2.31%	-3.29%	-4.00%	-1.41%
EPS (Basic)	27.87	28.39	13.57	31.61	43.70	19.08
EPS (Diluted)	27.81	28.34	13.53	31.47	43.54	19.03
EPS Growth	73.89%	109.46%	-57.01%	-27.72%	128.80%	43.95%
Free Cash Flow	1,834	2,621	2,100	1,466	2,152	2,885
Free Cash Flow Per Share	12.69	17.79	13.82	9.42	13.38	17.21
Dividend Per Share	8.740	8.050	7.340	6.760	6.160	5.670
Dividend Growth	11.20%	9.67%	8.58%	9.74%	8.64%	9.88%
Gross Margin	19.42%	20.38%	16.67%	20.42%	20.38%	20.32%
Operating Margin	12.45%	13.33%	6.73%	17.32%	21.01%	11.49%
Profit Margin	9.82%	10.17%	5.23%	13.38%	19.64%	8.67%
Free Cash Flow Margin	4.48%	6.39%	5.34%	4.00%	6.03%	7.84%
EBITDA	6,577	6,839	3,983	7,680	8,734	5,496
EBITDA Margin	16.07%	16.67%	10.14%	20.98%	24.49%	14.94%
D&A For EBITDA	1,480	1,370	1,338	1,342	1,239	1,267
EBIT	5,097	5,469	2,645	6,338	7,495	4,229
EBIT Margin	12.45%	13.33%	6.73%	17.32%	21.01%	11.49%
Effective Tax Rate	17.63%	16.79%	12.36%	16.11%	21.63%	14.46%
Revenue as Reported	40,928	41,033	39,290	36,602	35,667	36,799

Updated Oct 21, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q