Northrop Grumman (NOC) financials
Northrop Grumman revenue and earnings by year
Northrop Grumman's revenue was $42.0 billion in the fiscal year to December 31, 2025, up 2.2% from the year before. Net income was $4.18 billion, 10.0% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 6.1% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 42.0 | 41.0 | 39.3 | 36.6 | 35.7 | 36.8 | 33.8 | 30.1 | 26.0 | 24.7 |
| Revenue growth | 2.2% | 4.4% | 7.3% | 2.6% | -3.1% | 8.7% | 12.4% | 15.7% | 5.3% | — |
| Gross profit | 8.3 | 8.4 | 6.6 | 7.5 | 7.3 | 7.5 | 7.3 | 6.8 | 5.9 | 5.9 |
| Gross margin | 19.8% | 20.4% | 16.7% | 20.4% | 20.4% | 20.3% | 21.5% | 22.6% | 22.8% | 23.9% |
| Operating income | 4.3 | 4.4 | 2.5 | 3.6 | 3.7 | 4.1 | 4.0 | 3.8 | 3.2 | 3.3 |
| Operating margin | 10.2% | 10.6% | 6.5% | 9.8% | 10.3% | 11.0% | 11.7% | 12.6% | 12.4% | 13.3% |
| Net income | 4.2 | 4.2 | 2.1 | 4.9 | 7.0 | 3.2 | 2.2 | 3.2 | 2.9 | 2.0 |
| Net margin | 10.0% | 10.2% | 5.2% | 13.4% | 19.6% | 8.7% | 6.6% | 10.7% | 11.0% | 8.3% |
| Diluted EPS | $29.08 | $28.34 | $13.53 | $31.47 | $43.54 | $19.02 | $13.18 | $18.46 | $16.34 | $12.19 |
| Free cash flow | 3.3 | 2.6 | 2.1 | 1.6 | 2.2 | 3.1 | 3.0 | 2.6 | 1.7 | 1.9 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open NOC in Markets.
How Northrop Grumman makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Product | $9.10B | 81.8% |
| Services | $2.02B | 18.2% |
See also: NOC valuation and P/E history · NOC returns
No forecast, no recommendation. This page describes Northrop Grumman from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.