Northrop Grumman Corporation (NOC)

Northrop Grumman Income Statement

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

Fiscal Quarter	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Period Ending	Sep 30, 2026	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021
Revenue	43,591	42,892	42,367	41,954	40,928	40,501	40,368	41,033	40,985	40,764	40,122	39,290	38,685	37,881	37,106	36,602	35,208	34,957	35,307	35,667
Revenue Growth (YoY)	6.51%	5.90%	4.95%	2.25%	-0.14%	-0.65%	0.61%	4.44%	5.95%	7.61%	8.13%	7.34%	9.88%	8.37%	5.10%	2.62%	-5.46%	-7.04%	-5.43%	-3.08%
Cost of Revenue	34,862	34,288	33,674	33,641	32,979	32,673	32,559	32,671	34,070	33,914	33,423	32,739	30,795	30,214	29,520	29,128	28,007	27,640	27,906	28,399
Gross Profit	8,729	8,604	8,693	8,313	7,949	7,828	7,809	8,362	6,915	6,850	6,699	6,551	7,890	7,667	7,586	7,474	7,201	7,317	7,401	7,268
Selling, General & Admin	2,940	2,873	2,893	2,965	2,852	2,821	2,876	2,893	3,813	3,888	3,894	3,906	2,049	1,754	1,442	1,136	-88	-162	-158	-227
Operating Expenses	2,940	2,873	2,893	2,965	2,852	2,821	2,876	2,893	3,813	3,888	3,894	3,906	2,049	1,754	1,442	1,136	-88	-162	-158	-227
Operating Income	5,789	5,731	5,800	5,348	5,097	5,007	4,933	5,469	3,102	2,962	2,805	2,645	5,841	5,913	6,144	6,338	7,289	7,479	7,559	7,495
Interest Expense	-656	-659	-671	-665	-650	-650	-631	-621	-589	-569	-562	-545	-537	-518	-502	-506	-519	-529	-534	-556
Other Non Operating Income (Expenses)	115	109	115	109	109	156	161	168	195	148	139	149	154	132	48	4	-41	18	41	73
EBT Excluding Unusual Items	5,248	5,181	5,244	4,792	4,556	4,513	4,463	5,016	2,708	2,541	2,382	2,249	5,458	5,527	5,690	5,836	6,729	6,968	7,066	7,012
Gain (Loss) on Sale of Investments	-12	80	45	45	92	-	-	-	-	97	97	97	97	-	-	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	231	231	231	231	-	-	-	-	-	-	-	-	-	-	-	-	-	1,980
Other Unusual Items	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-54	-	-54
Pretax Income	5,236	5,261	5,520	5,068	4,879	4,744	4,463	5,016	2,708	2,638	2,479	2,346	5,555	5,527	5,690	5,836	6,729	6,914	7,066	8,938
Income Tax Expense	716	765	944	886	860	799	752	842	333	352	321	290	884	878	907	940	1,203	1,240	1,301	1,933
Net Income	4,520	4,496	4,576	4,182	4,019	3,945	3,711	4,174	2,375	2,286	2,158	2,056	4,671	4,649	4,783	4,896	5,526	5,674	5,765	7,005
Net Income to Common	4,520	4,496	4,576	4,182	4,019	3,945	3,711	4,174	2,375	2,286	2,158	2,056	4,671	4,649	4,783	4,896	5,526	5,674	5,765	7,005
Net Income Growth (YoY)	12.47%	13.97%	23.31%	0.19%	69.22%	72.57%	71.97%	103.02%	-49.15%	-50.83%	-54.88%	-58.01%	-15.47%	-18.07%	-17.03%	-30.11%	19.48%	24.76%	27.66%	119.66%
Shares Outstanding (Basic)	142	142	143	144	144	145	146	147	148	150	151	152	152	153	154	155	156	157	159	160
Shares Outstanding (Diluted)	143	143	143	144	145	145	146	147	149	150	151	152	153	154	155	156	156	158	159	161
Shares Change (YoY)	-1.38%	-1.75%	-2.05%	-2.38%	-2.71%	-3.07%	-3.19%	-3.09%	-2.89%	-2.54%	-2.41%	-2.31%	-2.24%	-2.54%	-2.78%	-3.29%	-4.11%	-4.31%	-4.33%	-4.00%
EPS (Basic)	31.78	31.56	32.03	29.14	27.87	27.20	25.43	28.39	16.02	15.29	14.33	13.57	30.67	30.37	31.05	31.61	35.47	36.11	36.37	43.70
EPS (Diluted)	31.71	31.50	31.95	29.08	27.81	27.15	25.39	28.34	15.99	15.26	14.29	13.53	30.54	30.23	30.91	31.47	35.31	35.96	36.22	43.54
EPS Growth (YoY)	14.02%	16.03%	25.85%	2.61%	73.89%	77.92%	77.72%	109.46%	-47.63%	-49.53%	-53.79%	-57.01%	-13.51%	-15.92%	-14.64%	-27.72%	24.56%	30.38%	33.37%	128.80%

Additional Metrics

Fiscal Quarter	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Period Ending	Sep 30, 2026	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021
Free Cash Flow	3,829	3,646	3,305	3,307	1,834	1,308	1,776	2,621	2,486	2,625	2,135	2,100	2,092	2,262	1,187	1,466	556	433	1,691	2,152
Free Cash Flow Per Share	26.86	25.54	23.08	23.00	12.69	9.00	12.15	17.79	16.73	17.51	14.14	13.82	13.68	14.71	7.67	9.42	3.55	2.74	10.62	13.38
Dividend Per Share	9.560	9.400	9.240	8.990	8.740	8.490	8.240	8.050	7.860	7.670	7.480	7.340	7.200	7.060	6.920	6.760	6.600	6.440	6.280	6.160
Dividend Growth (YoY)	9.38%	10.72%	12.14%	11.68%	11.20%	10.69%	10.16%	9.67%	9.17%	8.64%	8.09%	8.58%	9.09%	9.63%	10.19%	9.74%	9.27%	8.78%	8.28%	8.64%
Gross Margin	20.03%	20.06%	20.52%	19.81%	19.42%	19.33%	19.35%	20.38%	16.87%	16.80%	16.70%	16.67%	20.40%	20.24%	20.44%	20.42%	20.45%	20.93%	20.96%	20.38%
Operating Margin	13.28%	13.36%	13.69%	12.75%	12.45%	12.36%	12.22%	13.33%	7.57%	7.27%	6.99%	6.73%	15.10%	15.61%	16.56%	17.32%	20.70%	21.39%	21.41%	21.01%
Profit Margin	10.37%	10.48%	10.80%	9.97%	9.82%	9.74%	9.19%	10.17%	5.79%	5.61%	5.38%	5.23%	12.07%	12.27%	12.89%	13.38%	15.70%	16.23%	16.33%	19.64%
Free Cash Flow Margin	8.78%	8.50%	7.80%	7.88%	4.48%	3.23%	4.40%	6.39%	6.07%	6.44%	5.32%	5.34%	5.41%	5.97%	3.20%	4.00%	1.58%	1.24%	4.79%	6.03%
EBITDA	7,313	7,255	7,307	6,820	6,577	6,439	6,341	6,839	4,458	4,304	4,144	3,983	7,161	7,243	7,481	7,680	8,580	8,757	8,807	8,734
EBITDA Margin	16.78%	16.91%	17.25%	16.26%	16.07%	15.90%	15.71%	16.67%	10.88%	10.56%	10.33%	10.14%	18.51%	19.12%	20.16%	20.98%	24.37%	25.05%	24.94%	24.49%
D&A For EBITDA	1,524	1,524	1,507	1,472	1,480	1,432	1,408	1,370	1,356	1,342	1,339	1,338	1,320	1,330	1,337	1,342	1,291	1,278	1,248	1,239
EBIT	5,789	5,731	5,800	5,348	5,097	5,007	4,933	5,469	3,102	2,962	2,805	2,645	5,841	5,913	6,144	6,338	7,289	7,479	7,559	7,495
EBIT Margin	13.28%	13.36%	13.69%	12.75%	12.45%	12.36%	12.22%	13.33%	7.57%	7.27%	6.99%	6.73%	15.10%	15.61%	16.56%	17.32%	20.70%	21.39%	21.41%	21.01%
Effective Tax Rate	13.68%	14.54%	17.10%	17.48%	17.63%	16.84%	16.85%	16.79%	12.30%	13.34%	12.95%	12.36%	15.91%	15.89%	15.94%	16.11%	17.88%	17.94%	18.41%	21.63%
Revenue as Reported	43,591	42,892	42,367	41,954	40,928	40,501	40,368	41,033	40,985	40,764	40,122	39,290	38,685	37,881	37,106	36,602	35,208	34,957	35,307	35,667

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Oct 20, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 26, 2026

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