gross profit bridgeinconsistent2017-12-31
Withheld: gross profit could not be reconciled with the rest of this filer’s statement.
Revenue
$41.95B
Fiscal year ended 2025-12-31Operating income
$4.51B
Fiscal year ended 2025-12-31Free cash flow
$3.31B
Fiscal year ended 2025-12-31NORTHROP GRUMMAN CORP /DE/ (NOC) reported revenue of $41.95B and net income of $4.18B for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from NORTHROP GRUMMAN CORP /DE/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Search, Detection, Navigation, Guidance, Aeronautical Sys.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $41.95B | $41.03B | $39.29B | $36.60B | $35.67B | $36.80B | $33.84B | $30.10B | $26.00B | $24.71B |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $12.27B | $11.00B |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | $4.51B | $4.37B | $2.54B | $3.60B | $5.65B | $4.06B | $3.97B | $3.78B | $3.22B | $3.28B |
| Net income | $4.18B | $4.17B | $2.06B | $4.90B | $7.00B | $3.19B | $2.25B | $3.23B | $2.87B | $2.04B |
| Research & development | $1.10B | $1.10B | $1.20B | $1.20B | $1.10B | $1.10B | $953.00M | $764.00M | $639.00M | $705.00M |
| Weighted-average diluted shares | shares 143.80M | shares 147.30M | shares 152.00M | shares 155.60M | shares 160.90M | shares 167.60M | shares 170.00M | shares 174.60M | shares 175.60M | shares 180.50M |
| Pretax income | $5.07B | $5.02B | $2.35B | $5.84B | $8.94B | $3.73B | $2.55B | $3.74B | $4.23B | $2.68B |
| Income tax expense | $886.00M | $842.00M | $290.00M | $940.00M | $1.93B | $539.00M | $300.00M | $513.00M | $1.36B | $638.00M |
| Diluted EPS | $29.08 | $28.34 | $13.53 | $31.47 | $43.54 | $19.03 | $13.22 | $18.49 | $16.34 | $11.32 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | $4.03B | $3.99B | $4.01B | $3.87B | $3.60B | $3.41B | $3.29B | $3.01B | $2.71B | $2.63B |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $4.40B | $4.35B | $3.11B | $2.58B | $3.53B | $4.91B | $2.24B | $1.58B | $11.22B | $2.54B |
| Total assets | $51.38B | $49.36B | $46.54B | $43.76B | $42.58B | $44.47B | $41.09B | $37.65B | $35.13B | $25.61B |
| Current assets | $15.29B | $14.27B | $13.71B | $12.49B | $12.43B | $15.34B | $10.68B | $9.68B | $16.59B | $6.86B |
| Total liabilities | $34.70B | $34.07B | $31.75B | $28.44B | $29.65B | $33.89B | $32.27B | $29.47B | $28.00B | $20.36B |
| Current liabilities | $13.88B | $14.13B | $11.94B | $11.59B | $9.53B | $9.58B | $9.43B | $8.27B | $7.09B | $5.63B |
| Total equity incl. NCI | $16.67B | $15.29B | $14.80B | $15.31B | $12.93B | $10.58B | $8.82B | $8.19B | $7.13B | $5.36B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $1.31B | $1.46B | $1.11B | $978.00M | $811.00M | $759.00M | $783.00M | $654.00M | $398.00M | $816.00M |
| Accounts receivable | $1.38B | $1.27B | $1.45B | $1.51B | $1.47B | $1.50B | $1.33B | $1.45B | $1.05B | Unavailable |
| Goodwill | $17.44B | $17.51B | $17.52B | $17.52B | $17.52B | $17.52B | $18.71B | $18.67B | $12.46B | $12.45B |
| Long-term debt | $15.16B | $14.69B | $13.79B | $11.80B | $12.78B | $14.26B | $12.77B | $13.88B | $14.40B | $7.06B |
| Accounts payable | $3.24B | $2.60B | $2.11B | $2.59B | $2.20B | $1.81B | $2.23B | $2.18B | $1.66B | $1.55B |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.76B | $4.39B | $3.88B | $2.90B | $3.57B | $4.30B | $4.30B | $3.83B | $2.61B | $2.81B |
| Capital expenditures | $1.45B | $1.77B | $1.78B | $1.44B | $1.42B | $1.42B | $1.26B | $1.25B | $928.00M | $920.00M |
| Investing cash flow | -$1.16B | -$1.75B | -$1.58B | -$1.24B | $2.06B | -$1.21B | -$1.21B | -$8.88B | -$889.00M | -$805.00M |
| Financing cash flow | -$3.55B | -$1.40B | -$1.76B | -$2.61B | -$7.00B | -$432.00M | -$2.42B | -$4.60B | $6.96B | -$1.79B |
| Net change in cash | $50.00M | $1.24B | $532.00M | -$953.00M | -$1.38B | $2.66B | $666.00M | -$9.65B | $8.68B | $222.00M |
| Stock-based compensation | $119.00M | $101.00M | $87.00M | $99.00M | $94.00M | $90.00M | $127.00M | $86.00M | $94.00M | $93.00M |
| Common dividends paid | $1.29B | $1.19B | $1.12B | $1.05B | $983.00M | $953.00M | $880.00M | $821.00M | $689.00M | $640.00M |
| Common share repurchases | $1.62B | $2.51B | $1.50B | $1.50B | $3.70B | $490.00M | $744.00M | $1.26B | $393.00M | $1.55B |
| Depreciation & amortization | $1.47B | $1.37B | $1.34B | $1.34B | $1.24B | $1.27B | $1.26B | $800.00M | $475.00M | $456.00M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $3.31B | $2.62B | $2.10B | $1.47B | $2.15B | $2.88B | $3.03B | $2.58B | $1.68B | $1.89B |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | 10.8% | 10.6% | 6.5% | 9.8% | 15.8% | 11.0% | 11.7% | 12.6% | 12.4% | 13.3% |
| FCF margin | 7.9% | 6.4% | 5.3% | 4.0% | 6.0% | 7.8% | 9.0% | 8.6% | 6.5% | 7.7% |
| SBC / revenue | 0.3% | 0.2% | 0.2% | 0.3% | 0.3% | 0.2% | 0.4% | 0.3% | 0.4% | 0.4% |
| Current ratio | 1.10x | 1.01x | 1.15x | 1.08x | 1.30x | 1.60x | 1.13x | 1.17x | 2.34x | 1.22x |
| Revenue YoY growth | 2.2% | 4.4% | 7.3% | 2.6% | -3.1% | 8.7% | 12.4% | 15.7% | 5.3% | Unavailable |
| Net margin | 10.0% | 10.2% | 5.2% | 13.4% | 19.6% | 8.7% | 6.6% | 10.7% | 11.0% | 8.3% |
| R&D / revenue | 2.6% | 2.7% | 3.1% | 3.3% | 3.1% | 3.0% | 2.8% | Unavailable | 2.5% | 2.9% |
| CapEx / revenue | 3.5% | 4.3% | 4.5% | 3.9% | 4.0% | 3.9% | 3.7% | 4.2% | 3.6% | 3.7% |
| Long-term debt / equity | 0.91x | 0.96x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 17.5% | 16.8% | 12.4% | 16.1% | 21.6% | 14.5% | 11.8% | 13.7% | 32.2% | 23.8% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open NOC in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-07-21View SEC filing
10-Q · Filed 2026-04-21View SEC filing
10-K · Filed 2026-01-27View SEC filing
10-Q · Filed 2025-10-21View SEC filing
10-Q · Filed 2025-07-22View SEC filing
10-Q · Filed 2025-04-22View SEC filing
Reconciliation checks needing review
3 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
gross profit bridgeinconsistent2016-12-31
Withheld: gross profit could not be reconciled with the rest of this filer’s statement.
balance equationreview2016-12-31
Difference 104000000 exceeds tolerance 25614000.000. Presentation or filing-vintage differences need review.