Northrop Grumman Corp. NOC
What this company does
Written from the business description in NORTHROP GRUMMAN CORP /DE/'s annual report to the U.S. Securities and Exchange Commission, filed 27 January 2026. Every sentence was checked against that document before publication.
Revenue compounded at +2.7% a year over five years — but profit grew faster: net income at +5.6%, earnings per share at +8.9%.
The share count fell from 0.17B to 0.14B — the buyback concentrates the same profit into fewer slices.
Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.
Each USD of equity produced 26 cents of profit this year.
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue $B | 42.0 | 41.0 | 39.3 | 36.6 | 35.7 | 36.8 | 33.8 | 30.1 | 26.0 | 24.7 | 23.5 | 24.0 | 24.7 | 25.2 | 26.4 | 28.1 | 27.6 | 32.3 | 30.3 |
| Operating income $B | 4.5 | 4.4 | 2.5 | 3.6 | 5.7 | 4.1 | 4.0 | 3.8 | 3.2 | 3.3 | 3.1 | 3.2 | 3.1 | 3.1 | 3.3 | 2.8 | 2.3 | −0.3 | 2.9 |
| EBITDA $B | 6.0 | 5.7 | 3.9 | 4.9 | 6.9 | 5.3 | 5.2 | 4.6 | 3.7 | 3.7 | 3.5 | 3.7 | 3.6 | 3.6 | 3.8 | 3.4 | 2.8 | 0.3 | 3.5 |
| Income tax $B | 0.9 | 0.8 | 0.3 | 0.9 | 1.9 | 0.5 | 0.3 | 0.5 | 1.4 | 0.6 | 0.8 | 0.9 | 0.9 | 1.0 | 1.0 | 0.5 | 0.6 | 0.9 | 0.9 |
| Net income $B | 4.2 | 4.2 | 2.1 | 4.9 | 7.0 | 3.2 | 2.2 | 3.2 | 2.9 | 2.0 | 2.0 | 2.1 | 2.0 | 2.0 | 2.1 | 2.1 | 1.7 | −1.3 | 1.8 |
| Free cash flow $B | 3.3 | 2.6 | 2.1 | 1.5 | 2.2 | 2.9 | 3.0 | 2.6 | 1.7 | 1.9 | 1.7 | 2.0 | 2.1 | 2.3 | 1.6 | 1.9 | 1.7 | 2.5 | 2.2 |
| EPS, diluted $ | 29.08 | 28.34 | 13.53 | 31.47 | 43.54 | 19.03 | 13.22 | 18.49 | 16.34 | 11.32 | 10.39 | 9.75 | 8.35 | 7.81 | 7.52 | 6.82 | 5.21 | −3.77 | 5.12 |
| Dividend / sh $ | 8.99 | 8.05 | 7.34 | 6.76 | 6.16 | 5.67 | 5.16 | 4.70 | 3.90 | 3.50 | 3.10 | 2.71 | 2.38 | 2.15 | 1.97 | 1.84 | 1.69 | 1.57 | 1.48 |
| Payout % | 31 | 28 | 54 | 21 | 14 | 30 | 39 | 25 | 24 | 31 | 30 | 27 | 28 | 27 | 26 | 27 | 32 | −42 | 28 |
| ROE % | 26.2 | 27.7 | 13.7 | 34.7 | 59.6 | 32.9 | 26.4 | 42.2 | 45.9 | 37.5 | 31.2 | 23.2 | 19.4 | 19.9 | 17.8 | 15.8 | 13.8 | −8.5 | 10.1 |
| Shares out B | 0.14 | 0.14 | 0.15 | 0.15 | 0.16 | 0.17 | 0.17 | 0.17 | 0.17 | 0.18 | 0.18 | 0.20 | 0.22 | 0.24 | 0.25 | 0.29 | 0.31 | 0.33 | · |
Slide the table for earlier years · "·" marks a figure not available in our data for that year.
This company against its peers
Reconciled in 19 of 19 fiscal years. 10 checks could not be computed.