LHX vs NOC
L3harris Technologies, Inc. and Northrop Grumman Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | LHX | NOC |
|---|---|---|
| Revenue | $21.9B | $42.0B |
| Net income | $1.6B | $4.2B |
| Gross margin | · | · |
| Net margin | 7.3% | 10.0% |
| Return on equity | 8.2% | 26.2% |
| Diluted EPS | $8.53 | $29.08 |
| Dividend / share | $4.80 | $8.99 |
| Payout ratio | 56.2% | 30.9% |
| Free cash flow | $2.7B | $3.3B |
| Equity | $19.6B | $16.7B |
| Net debt / equity | 0.48× | 0.68× |
| Current ratio | 1.19× | 1.10× |
| Revenue CAGR 5y | 3.7% | 2.7% |
| Profit CAGR 5y | 7.5% | 5.6% |
NOC bills 1.9× the revenue of LHX, and keeps more of each dollar of revenue as profit (10.0% against 7.3%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | LHX | NOC |
|---|---|---|
| FY2025 | $21.9B | $42.0B |
| FY2024 | $21.3B | $41.0B |
| FY2023 | $19.4B | $39.3B |
| FY2022 | $17.1B | $36.6B |
| FY2021 | $17.8B | $35.7B |
| FY2020 | $18.2B | $36.8B |
| FY2019 | $12.9B | $33.8B |
| FY2018 | $6.8B | $30.1B |
| FY2017 | $6.2B | $26.0B |
| FY2016 | $5.9B | $24.7B |
Bottom line
| Fiscal year | LHX | NOC |
|---|---|---|
| FY2025 | $1.6B | $4.2B |
| FY2024 | $1.5B | $4.2B |
| FY2023 | $1.2B | $2.1B |
| FY2022 | $1.1B | $4.9B |
| FY2021 | $1.8B | $7.0B |
| FY2020 | $1.1B | $3.2B |
| FY2019 | $1.3B | $2.2B |
| FY2018 | $949.0M | $3.2B |
| FY2017 | $699.0M | $2.9B |
| FY2016 | $543.0M | $2.0B |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$20,089,000,000 | NOC |
| FY2024 | −$19,708,000,000 | NOC |
| FY2023 | −$19,871,000,000 | NOC |
| FY2022 | −$19,540,000,000 | NOC |
| FY2021 | −$17,853,000,000 | NOC |
| FY2020 | −$18,605,000,000 | NOC |
| FY2019 | −$20,985,000,000 | NOC |
| FY2018 | −$23,294,000,000 | NOC |
| FY2017 | −$19,836,000,000 | NOC |
| FY2016 | −$18,809,000,000 | NOC |
| FY2014 | −$20,094,000,000 | NOC |
| FY2013 | −$19,649,000,000 | NOC |
| FY2012 | −$20,106,000,000 | NOC |
| FY2011 | −$20,960,700,000 | NOC |
| FY2010 | −$27,953,800,000 | NOC |
| FY2008 | −$27,310,000,000 | NOC |
| FY2007 | −$25,744,900,000 | NOC |
NOC has reported the higher revenue in every one of these 17 fiscal years. The gap has narrowed since the earliest year compared.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −2.6 pp | NOC |
| FY2024 | −3.1 pp | NOC |
| FY2023 | +0.9 pp | LHX |
| FY2022 | −7.2 pp | NOC |
| FY2021 | −9.3 pp | NOC |
| FY2020 | −2.7 pp | NOC |
| FY2019 | +3.8 pp | LHX |
| FY2018 | +3.2 pp | LHX |
| FY2017 | +0.3 pp | LHX |
| FY2016 | +0.9 pp | LHX |
| FY2014 | −0.0 pp | NOC |
| FY2013 | +2.7 pp | LHX |
| FY2012 | −5.7 pp | NOC |
| FY2011 | −7.5 pp | NOC |
| FY2010 | +303.0 pp | LHX |
| FY2008 | +1.4 pp | LHX |
| FY2007 | +3.6 pp | LHX |
The higher net margin has changed hands between LHX and NOC over this period.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LHX's net margin has been more volatile than NOC's over the 17 comparable fiscal years — 71.4 percentage points of standard deviation against 4.5.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between LHX and NOC over these 17 fiscal years — LHX led in 9 and NOC in 8.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
NOC's return on equity has been more volatile than LHX's over the 17 comparable fiscal years — 15.2 percentage points of standard deviation against 8.9.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between LHX and NOC over these 17 fiscal years — LHX led in 4 and NOC in 13.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.