Northrop Grumman Corp.
Search, Detection, Navigation, Guidance, Aeronautical Sys
Northrop Grumman is a diversified defense contractor providing aeronautics, defense, and space systems.
It is a $68.3B technology company. Revenue grew 5.9% over the last year, it keeps 10¢ of every dollar of sales as profit, and its net debt equals ~3.0 years of free cash flow. It trades at 15.2× earnings — around the middle of its own history.
- Website
- northropgrumman.com
- Location
- Falls Church, VA
- Employees
- 95 000
- Sector
- Technology
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation, profitability and quality; Growth lags behind.
Valuation77
- P/E vs own history43th pct · 12/25
- FCF yield5.3% · 20/25
- P/S1.6x · 25/25
- EV/EBITDA13.3x · 20/25
Growth18
- Revenue CAGR4.1% · 6/25
- Net income CAGR-12.1% · 0/25
- EPS CAGR ~5Y8.9% · 12/25
- Fwd implied growth-10.5% · 0/25
Profitability77
- ROIC15.2% · 20/25
- ROE26.6% · 25/25
- Net margin10.5% · 20/25
- Operating margin10.7% · 12/25
Health60
- Altman Z2.34 · 18/25
- Current ratio1.17 · 12/25
- Interest coverage8.6x · 18/25
- Net cash / debtD/A 21% · 12/25
Quality82
- Piotroski F6/9 · 15/25
- Beneish M-2.45 · 20/25
- FCF conversion81% · 22/25
- Margin stabilityσ 3.8% · 25/25
Moat69
- ROIC >12% years8/10 yrs · 20/25
- Median gross margin20.4% · 6/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 5.2% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2021FinancialBest year on record$7.00B net income
- 2021ProductNorthrop Grumman and its industry partners have won the Collier Trophy nine times, including for the development and…
- 2018MilestoneNorthrop Grumman completed the purchase of Orbital ATK
- 2017AcquisitionNorthrop announced the acquisition of missile and rocket manufacturer Orbital ATK Inc for $9.2…
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $10B$24.5B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- Jul 20, 2007MilestoneNorthrop Grumman became the sole owner of Burt Rutan's Scaled Composites
- 2007ProductNorthrop Grumman created 'National Workforce Centers' as an alternative to offshoring
- 2007AcquisitionNorthrop Grumman acquired Scaled Composites in which it had previously owned a 40% stake
- 2002AcquisitionNorthrop Grumman acquired TRW Inc
- 2001AcquisitionDuring the acquisition process, a new Delaware holding company, NNG, Inc., was formed
- 1994AcquisitionNorthrop Aircraft bought Grumman Aerospace, which built the Apollo Lunar Module, to create Northrop Grumman…
- 1988ProductNavy; the B-2 Spirit, a strategic bomber introduced in 1988; the B-21 Raider, a strategic bomber with a first flight…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Interest covered 8.6× by operating earnings
- High returns on invested capital (ROIC 15.2%)
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+5.9% YoY
- Profitable — makes more than it spends$4.50B TTM
- Profit growing — earnings are higher than last year-2.6% YoY
- Generates cash — cash left after running and investing$3.65B TTM
- Debt under control — could handle its obligations~3.0y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$68.3B market cap
- Not printing shares — share count not ballooning — you keep your slice-14.2% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 2.3 — grey
- Pays a dividend — returns cash to shareholdersyield 1.97%
- Valuation not extreme — price not wildly above earningsP/E 15.2
Peer comparisonNorthrop Grumman Corp. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| NOC this company | $68.3B | 15.2 | +5.9% | 10.5% | Solid |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: NOC vs NVDA · NOC vs AAPL · NOC vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/NOC
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of NOC on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $480.90 · market cap $68.3B.