N

NORTHROP GRUMMAN CORP /DE/

NOC · CIK 0001133421

19 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$41.95B2.2%
FY2025
Net income (FY)
$4.18B0.2%
FY2025
Free cash flow (FY)
$3.31B26.2%
FY2025
Diluted EPS (FY)
$29.082.6%
FY2025
The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$20B$40BFY2007 · Revenue $30.34B · Net income $1.79B · 0000950123-10-010126 · filed 2010-02-09FY07Revenue $30.34BNet income $1.79B0000950123-10-010126 · filed 2010-02-09FY2008 · Revenue $32.31B · Net income −$1.26B · 0000950123-11-010835 · filed 2011-02-09FY08Revenue $32.31BNet income −$1.26B0000950123-11-010835 · filed 2011-02-09FY2009 · Revenue $27.65B · Net income $1.69B · 0001193125-12-045323 · filed 2012-02-08FY09Revenue $27.65BNet income $1.69B0001193125-12-045323 · filed 2012-02-08FY2010 · Revenue $28.14B · Net income $2.05B · 0001133421-13-000007 · filed 2013-02-05FY10Revenue $28.14BNet income $2.05B0001133421-13-000007 · filed 2013-02-05FY2011 · Revenue $26.41B · Net income $2.12B · 0001133421-14-000006 · filed 2014-02-03FY11Revenue $26.41BNet income $2.12B0001133421-14-000006 · filed 2014-02-03FY2012 · Revenue $25.22B · Net income $1.98B · 0001133421-15-000008 · filed 2015-02-02FY12Revenue $25.22BNet income $1.98B0001133421-15-000008 · filed 2015-02-02FY2013 · Revenue $24.66B · Net income $1.95B · 0001133421-16-000065 · filed 2016-02-01FY13Revenue $24.66BNet income $1.95B0001133421-16-000065 · filed 2016-02-01FY2014 · Revenue $23.98B · Net income $2.07B · 0001133421-17-000008 · filed 2017-01-30FY14Revenue $23.98BNet income $2.07B0001133421-17-000008 · filed 2017-01-30FY2015 · Revenue $23.53B · Net income $1.99B · 0001133421-18-000005 · filed 2018-01-29FY15Revenue $23.53BNet income $1.99B0001133421-18-000005 · filed 2018-01-29FY2016 · Revenue $24.71B · Net income $2.04B · 0001133421-19-000007 · filed 2019-01-31FY16Revenue $24.71BNet income $2.04B0001133421-19-000007 · filed 2019-01-31FY2017 · Revenue $26.00B · Net income $2.87B · 0001133421-20-000006 · filed 2020-01-30FY17Revenue $26.00BNet income $2.87B0001133421-20-000006 · filed 2020-01-30FY2018 · Revenue $30.09B · Net income $3.23B · 0001133421-21-000006 · filed 2021-01-28FY18Revenue $30.09BNet income $3.23B0001133421-21-000006 · filed 2021-01-28FY2019 · Revenue $33.84B · Net income $2.25B · 0001133421-22-000004 · filed 2022-01-27FY19Revenue $33.84BNet income $2.25B0001133421-22-000004 · filed 2022-01-27FY2020 · Revenue $36.80B · Net income $3.19B · 0001133421-23-000006 · filed 2023-01-26FY20Revenue $36.80BNet income $3.19B0001133421-23-000006 · filed 2023-01-26FY2021 · Revenue $35.67B · Net income $7.00B · 0001133421-24-000006 · filed 2024-01-25FY21Revenue $35.67BNet income $7.00B0001133421-24-000006 · filed 2024-01-25FY2022 · Revenue $36.60B · Net income $4.90B · 0001133421-25-000006 · filed 2025-01-30FY22Revenue $36.60BNet income $4.90B0001133421-25-000006 · filed 2025-01-30FY2023 · Revenue $39.29B · Net income $2.06B · 0001133421-26-000003 · filed 2026-01-27FY23Revenue $39.29BNet income $2.06B0001133421-26-000003 · filed 2026-01-27FY2024 · Revenue $41.03B · Net income $4.17B · 0001133421-26-000003 · filed 2026-01-27FY24Revenue $41.03BNet income $4.17B0001133421-26-000003 · filed 2026-01-27FY2025 · Revenue $41.95B · Net income $4.18B · 0001133421-26-000003 · filed 2026-01-27FY25Revenue $41.95BNet income $4.18B0001133421-26-000003 · filed 2026-01-27FY25Revenue $41.95BNet income $4.18B0001133421-26-000003 · filed 2026-01-27FY07FY10FY13FY16FY19FY22FY25

revenue 1.4× since FY2007 · net margin 5.9% → 10.0%

MarginsNet marginFCF margin
0%10%20%FY2007 · Net margin 5.9% · FCF margin 7.3%FY07Net margin 5.9%FCF margin 7.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2008 · Net margin -3.9% · FCF margin 7.8%FY08Net margin -3.9%FCF margin 7.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 6.1% · FCF margin 6.0%FY09Net margin 6.1%FCF margin 6.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 7.3% · FCF margin 6.6%FY10Net margin 7.3%FCF margin 6.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 8.0% · FCF margin 6.1%FY11Net margin 8.0%FCF margin 6.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 7.8% · FCF margin 9.2%FY12Net margin 7.8%FCF margin 9.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 7.9% · FCF margin 8.6%FY13Net margin 7.9%FCF margin 8.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 8.6% · FCF margin 8.5%FY14Net margin 8.6%FCF margin 8.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 8.5% · FCF margin 7.2%FY15Net margin 8.5%FCF margin 7.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 8.3% · FCF margin 7.7%FY16Net margin 8.3%FCF margin 7.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 11.0% · FCF margin 6.5%FY17Net margin 11.0%FCF margin 6.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 10.7% · FCF margin 8.6%FY18Net margin 10.7%FCF margin 8.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 6.6% · FCF margin 9.0%FY19Net margin 6.6%FCF margin 9.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 8.7% · FCF margin 7.8%FY20Net margin 8.7%FCF margin 7.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 19.6% · FCF margin 6.0%FY21Net margin 19.6%FCF margin 6.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 13.4% · FCF margin 4.0%FY22Net margin 13.4%FCF margin 4.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 5.2% · FCF margin 5.3%FY23Net margin 5.2%FCF margin 5.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 10.2% · FCF margin 6.4%FY24Net margin 10.2%FCF margin 6.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 10.0% · FCF margin 7.9%FY25Net margin 10.0%FCF margin 7.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 10.0%FCF margin 7.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 10.0% · free cash flow 7.9% of revenue

Cash engineOperating cash flowFree cash flow
$0$2B$4BFY2007 · OCF $2.89B · FCF $2.21B · 0000950123-10-010126 · filed 2010-02-09FY07OCF $2.89BFCF $2.21B0000950123-10-010126 · filed 2010-02-09FY2008 · OCF $3.21B · FCF $2.53B · 0000950123-11-010835 · filed 2011-02-09FY08OCF $3.21BFCF $2.53B0000950123-11-010835 · filed 2011-02-09FY2009 · OCF $2.13B · FCF $1.66B · 0001193125-12-045323 · filed 2012-02-08FY09OCF $2.13BFCF $1.66B0001193125-12-045323 · filed 2012-02-08FY2010 · OCF $2.45B · FCF $1.87B · 0001133421-13-000007 · filed 2013-02-05FY10OCF $2.45BFCF $1.87B0001133421-13-000007 · filed 2013-02-05FY2011 · OCF $2.12B · FCF $1.62B · 0001133421-14-000006 · filed 2014-02-03FY11OCF $2.12BFCF $1.62B0001133421-14-000006 · filed 2014-02-03FY2012 · OCF $2.64B · FCF $2.31B · 0001133421-15-000008 · filed 2015-02-02FY12OCF $2.64BFCF $2.31B0001133421-15-000008 · filed 2015-02-02FY2013 · OCF $2.48B · FCF $2.12B · 0001133421-16-000065 · filed 2016-02-01FY13OCF $2.48BFCF $2.12B0001133421-16-000065 · filed 2016-02-01FY2014 · OCF $2.59B · FCF $2.03B · 0001133421-17-000008 · filed 2017-01-30FY14OCF $2.59BFCF $2.03B0001133421-17-000008 · filed 2017-01-30FY2015 · OCF $2.16B · FCF $1.69B · 0001133421-18-000005 · filed 2018-01-29FY15OCF $2.16BFCF $1.69B0001133421-18-000005 · filed 2018-01-29FY2016 · OCF $2.81B · FCF $1.89B · 0001133421-19-000007 · filed 2019-01-31FY16OCF $2.81BFCF $1.89B0001133421-19-000007 · filed 2019-01-31FY2017 · OCF $2.61B · FCF $1.69B · 0001133421-20-000006 · filed 2020-01-30FY17OCF $2.61BFCF $1.69B0001133421-20-000006 · filed 2020-01-30FY2018 · OCF $3.83B · FCF $2.58B · 0001133421-21-000006 · filed 2021-01-28FY18OCF $3.83BFCF $2.58B0001133421-21-000006 · filed 2021-01-28FY2019 · OCF $4.30B · FCF $3.03B · 0001133421-22-000004 · filed 2022-01-27FY19OCF $4.30BFCF $3.03B0001133421-22-000004 · filed 2022-01-27FY2020 · OCF $4.30B · FCF $2.88B · 0001133421-23-000006 · filed 2023-01-26FY20OCF $4.30BFCF $2.88B0001133421-23-000006 · filed 2023-01-26FY2021 · OCF $3.57B · FCF $2.15B · 0001133421-24-000006 · filed 2024-01-25FY21OCF $3.57BFCF $2.15B0001133421-24-000006 · filed 2024-01-25FY2022 · OCF $2.90B · FCF $1.47B · 0001133421-25-000006 · filed 2025-01-30FY22OCF $2.90BFCF $1.47B0001133421-25-000006 · filed 2025-01-30FY2023 · OCF $3.88B · FCF $2.10B · 0001133421-26-000003 · filed 2026-01-27FY23OCF $3.88BFCF $2.10B0001133421-26-000003 · filed 2026-01-27FY2024 · OCF $4.39B · FCF $2.62B · 0001133421-26-000003 · filed 2026-01-27FY24OCF $4.39BFCF $2.62B0001133421-26-000003 · filed 2026-01-27FY2025 · OCF $4.76B · FCF $3.31B · 0001133421-26-000003 · filed 2026-01-27FY25OCF $4.76BFCF $3.31B0001133421-26-000003 · filed 2026-01-27FY25OCF $4.76BFCF $3.31B0001133421-26-000003 · filed 2026-01-27’09’13’17’21’25

FY2025: $4.76B operating cash − $1.45B capex = $3.31B free cash flow

Returns on capitalReturn on equityReturn on assets
0%20%40%FY2008 · ROE -10.6% · ROA -4.2%FY08ROE -10.6%ROA -4.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2009 · ROE 13.3% · ROA 5.6%FY09ROE 13.3%ROA 5.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 15.3% · ROA 6.5%FY10ROE 15.3%ROA 6.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 20.5% · ROA 8.3%FY11ROE 20.5%ROA 8.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 20.8% · ROA 7.5%FY12ROE 20.8%ROA 7.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 18.4% · ROA 7.4%FY13ROE 18.4%ROA 7.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 28.6% · ROA 7.8%FY14ROE 28.6%ROA 7.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 36.0% · ROA 8.1%FY15ROE 36.0%ROA 8.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 38.8% · ROA 8.0%FY16ROE 38.8%ROA 8.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 40.2% · ROA 8.2%FY17ROE 40.2%ROA 8.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 39.4% · ROA 8.6%FY18ROE 39.4%ROA 8.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 25.5% · ROA 5.5%FY19ROE 25.5%ROA 5.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 30.1% · ROA 7.2%FY20ROE 30.1%ROA 7.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 54.2% · ROA 16.5%FY21ROE 54.2%ROA 16.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 32.0% · ROA 11.2%FY22ROE 32.0%ROA 11.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 13.9% · ROA 4.4%FY23ROE 13.9%ROA 4.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 27.3% · ROA 8.5%FY24ROE 27.3%ROA 8.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 25.1% · ROA 8.1%FY25ROE 25.1%ROA 8.1%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 25.1%ROA 8.1%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity -11% (FY2008) → 25% (FY2025) · on assets 8.1%

Balance sheetLiabilitiesEquity
$0$20B$40BFY2008 · Liabilities $18.28B · Equity $11.92BFY08Liabilities $18.28BEquity $11.92B0000950123-10-010126 · filed 2010-02-09FY2009 · Liabilities $17.57B · Equity $12.69BFY09Liabilities $17.57BEquity $12.69B0000950123-11-010835 · filed 2011-02-09FY2010 · Liabilities $17.97B · Equity $13.44BFY10Liabilities $17.97BEquity $13.44B0001193125-12-045323 · filed 2012-02-08FY2011 · Liabilities $15.07B · Equity $10.34BFY11Liabilities $15.07BEquity $10.34B0001133421-13-000007 · filed 2013-02-05FY2012 · Liabilities $17.03B · Equity $9.51BFY12Liabilities $17.03BEquity $9.51B0001133421-14-000006 · filed 2014-02-03FY2013 · Liabilities $15.76B · Equity $10.62BFY13Liabilities $15.76BEquity $10.62B0001133421-15-000008 · filed 2015-02-02FY2014 · Liabilities $19.34B · Equity $7.24BFY14Liabilities $19.34BEquity $7.24B0001133421-16-000065 · filed 2016-02-01FY2015 · Liabilities $18.90B · Equity $5.52BFY15Liabilities $18.90BEquity $5.52B0001133421-17-000008 · filed 2017-01-30FY2016 · Liabilities $20.36B · Equity $5.26BFY16Liabilities $20.36BEquity $5.26B0001133421-18-000005 · filed 2018-01-29FY2017 · Liabilities $28.00B · Equity $7.13BFY17Liabilities $28.00BEquity $7.13B0001133421-19-000007 · filed 2019-01-31FY2018 · Liabilities $29.47B · Equity $8.19BFY18Liabilities $29.47BEquity $8.19B0001133421-20-000006 · filed 2020-01-30FY2019 · Liabilities $32.27B · Equity $8.82BFY19Liabilities $32.27BEquity $8.82B0001133421-21-000006 · filed 2021-01-28FY2020 · Liabilities $33.89B · Equity $10.58BFY20Liabilities $33.89BEquity $10.58B0001133421-22-000004 · filed 2022-01-27FY2021 · Liabilities $29.65B · Equity $12.93BFY21Liabilities $29.65BEquity $12.93B0001133421-23-000006 · filed 2023-01-26FY2022 · Liabilities $28.44B · Equity $15.31BFY22Liabilities $28.44BEquity $15.31B0001133421-24-000006 · filed 2024-01-25FY2023 · Liabilities $31.75B · Equity $14.79BFY23Liabilities $31.75BEquity $14.79B0001133421-25-000006 · filed 2025-01-30FY2024 · Liabilities $34.07B · Equity $15.29BFY24Liabilities $34.07BEquity $15.29B0001133421-26-000003 · filed 2026-01-27FY2025 · Liabilities $34.70B · Equity $16.67BFY25Liabilities $34.70BEquity $16.67B0001133421-26-000003 · filed 2026-01-27FY25Liabilities $34.70BEquity $16.67B0001133421-26-000003 · filed 2026-01-27’09’13’17’21’25

FY2025: $51.38B assets · $34.70B liabilities · $16.67B equity

The receipts