Northrop Grumman (NOC): financials, SEC filings and peers

Northrop Grumman (NOC) is an aerospace & defense company in the Industrials sector of the S&P 500, headquartered in West Falls Church, Virginia[2].

It was founded in 1994 and joined the S&P 500 on March 4, 1957.

Its fiscal year ends in December, and its shares trade on the NYSE.

In its SEC filings it is classified as “Search, Detection, Navigation, Guidance, Aeronautical Sys”.

Northrop Grumman at a glance

Revenue (12 months): $42.9B
Revenue growth: +5.9%
Operating margin: 10.7%
Net income (12 months): $4.5B
Free cash flow (12 months): $3.6B
Cash: $2.3B
Debt: $15.2B
Diluted EPS (12 months): $31.45

Twelve months to June 30, 2026, from the 10-Q filed July 21, 2026.

Latest twelve months

Over the twelve months to June 30, 2026, Northrop Grumman reported revenue of $42.9 billion, about the same as a year earlier (+5.9%).

Its operating margin was 10.7%: for every $100 of sales, about $11 was left as operating profit.

Net income was $4.5 billion (10.5% of revenue), 14.0% higher than a year earlier.

Operating cash flow was $5.1 billion and capital spending $1.4 billion, leaving free cash flow of $3.6 billion (8.5% of revenue).

At the end of the period it held $2.3 billion in cash and $15.2 billion in debt, a net debt position of $12.9 billion.

The diluted share count fell 1.1% in a year, typically the result of buybacks.

Five-year trend

Revenue went from $36.8 billion in fiscal 2020 to $42.0 billion in fiscal 2025, about 2.7% a year.
Revenue has grown for 4 fiscal years in a row.
Operating margin has been steady, around 10.8%.
Free cash flow was positive in each of the last 6 fiscal years.

Fiscal year	2021	2022	2023	2024	2025
Revenue	$35.7B	$36.6B	$39.3B	$41.0B	$42.0B
Revenue growth	-3.1%	2.6%	7.3%	4.4%	2.2%
Operating margin	15.8%	9.8%	6.5%	10.6%	10.8%
Net income	$7.0B	$4.9B	$2.1B	$4.2B	$4.2B
Free cash flow	$2.2B	$1.5B	$2.1B	$2.6B	$3.3B
Diluted EPS	$43.54	$31.47	$13.53	$28.34	$29.08

Fiscal years as reported in Northrop Grumman’s 10-K filings. Free cash flow is operating cash flow minus capital spending.

Recent SEC filings

8-K filed August 21, 2026 — Executive or director change
10-Q filed July 21, 2026 — quarterly report
8-K filed July 21, 2026 — Earnings results
8-K filed May 21, 2026 — Shareholder vote results
10-Q filed April 21, 2026 — quarterly report
8-K filed April 21, 2026 — Earnings results
8-K filed February 13, 2026 — Executive or director change
10-K filed January 27, 2026 — annual report

All Northrop Grumman filings on SEC EDGAR

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Questions about Northrop Grumman

Is Northrop Grumman's revenue growing?

Yes. Revenue for the twelve months to June 30, 2026 was $42.9 billion, up 5.9% from a year earlier, according to its SEC filings.

Is Northrop Grumman profitable?

Yes. It earned $4.5 billion in net income over the twelve months to June 30, 2026, a net margin of 10.5%.

Does Northrop Grumman have more cash or more debt?

At June 30, 2026 it had $2.3 billion in cash and $15.2 billion in debt, so more debt than cash.

When did Northrop Grumman last file financial results?

Its latest quarterly report (10-Q) was filed with the SEC on July 21, 2026.

Which companies are similar to Northrop Grumman?

In the S&P 500, Northrop Grumman is grouped in Aerospace & Defense within the Industrials sector. Axon Enterprise (AXON), Boeing (BA), General Dynamics (GD), GE Aerospace (GE), Huntington Ingalls Industries (HII) are in the same group.

Understand the numbers

Source: Northrop Grumman’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.