NOC vs SYK
Northrop Grumman Corp. and Stryker Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | NOC | SYK |
|---|---|---|
| Revenue | $42.0B | $25.1B |
| Net income | $4.2B | $3.2B |
| Gross margin | · | 64.0% |
| Net margin | 10.0% | 12.9% |
| Return on equity | 26.2% | 15.1% |
| Diluted EPS | $29.08 | $8.40 |
| Dividend / share | $8.99 | · |
| Payout ratio | 30.9% | 39.6% |
| Free cash flow | $3.3B | $4.3B |
| Equity | $16.7B | · |
| Net debt / equity | 0.68× | 0.53× |
| Current ratio | 1.10× | 1.89× |
| Revenue CAGR 5y | 2.7% | 11.8% |
| Profit CAGR 5y | 5.6% | 15.2% |
NOC bills 1.7× the revenue of SYK, and SYK keeps more of each dollar of revenue as profit (12.9% against 10.0%).
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 | NOC | SYK |
|---|---|---|
| FY2025 | $42.0B | $25.1B |
| FY2024 | $41.0B | $22.6B |
| FY2023 | $39.3B | $20.5B |
| FY2022 | $36.6B | $18.4B |
| FY2021 | $35.7B | $17.1B |
| FY2020 | $36.8B | $14.4B |
| FY2019 | $33.8B | $14.9B |
| FY2018 | $30.1B | $13.6B |
| FY2017 | $26.0B | $12.4B |
| FY2016 | $24.7B | $11.3B |
Bottom line
| Fiscal year | NOC | SYK |
|---|---|---|
| FY2025 | $4.2B | $3.2B |
| FY2024 | $4.2B | $3.0B |
| FY2023 | $2.1B | $3.2B |
| FY2022 | $4.9B | $2.4B |
| FY2021 | $7.0B | $2.0B |
| FY2020 | $3.2B | $1.6B |
| FY2019 | $2.2B | $2.1B |
| FY2018 | $3.2B | $3.6B |
| FY2017 | $2.9B | $1.0B |
| FY2016 | $2.0B | $1.6B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$16,838,000,000 | NOC |
| FY2024 | +$18,438,000,000 | NOC |
| FY2023 | +$18,792,000,000 | NOC |
| FY2022 | +$18,153,000,000 | NOC |
| FY2021 | +$18,559,000,000 | NOC |
| FY2020 | +$22,448,000,000 | NOC |
| FY2019 | +$18,957,000,000 | NOC |
| FY2018 | +$16,494,000,000 | NOC |
| FY2017 | +$13,560,000,000 | NOC |
| FY2016 | +$13,381,000,000 | NOC |
| FY2015 | +$13,580,000,000 | NOC |
| FY2014 | +$14,304,000,000 | NOC |
| FY2013 | +$15,640,000,000 | NOC |
| FY2012 | +$16,561,000,000 | NOC |
| FY2011 | +$18,105,000,000 | NOC |
| FY2010 | +$20,823,000,000 | NOC |
| FY2009 | +$20,927,000,000 | NOC |
| FY2008 | +$25,596,800,000 | NOC |
| FY2007 | +$24,340,500,000 | NOC |
NOC has reported the higher revenue in every one of these 19 fiscal years. The gap has narrowed since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −3.0 pp | SYK |
| FY2024 | −3.1 pp | SYK |
| FY2023 | −10.2 pp | SYK |
| FY2022 | +0.6 pp | NOC |
| FY2021 | +8.0 pp | NOC |
| FY2020 | −2.5 pp | SYK |
| FY2019 | −7.4 pp | SYK |
| FY2018 | −15.4 pp | SYK |
| FY2017 | +2.8 pp | NOC |
| FY2016 | −6.3 pp | SYK |
| FY2015 | −6.0 pp | SYK |
| FY2014 | +3.3 pp | NOC |
| FY2013 | −3.2 pp | SYK |
| FY2012 | −7.2 pp | SYK |
| FY2011 | −8.2 pp | SYK |
| FY2010 | −10.1 pp | SYK |
| FY2009 | −10.4 pp | SYK |
| FY2008 | −21.0 pp | SYK |
| FY2007 | −11.1 pp | SYK |
The higher net margin has changed hands between NOC and SYK over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
NOC's net margin has been more volatile than SYK's over the 19 comparable fiscal years — 4.3 percentage points of standard deviation against 4.1.
19 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 NOC and SYK over these 19 fiscal years — NOC led in 4 and SYK in 15.
19 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 SYK's over the 19 comparable fiscal years — 14.6 percentage points of standard deviation against 5.2.
19 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 NOC and SYK over these 19 fiscal years — NOC led in 13 and SYK in 6.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.