Valuation, from the filing
| Public float | $71.50B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $503.80 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 17.1× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 1.7× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 4.3× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
17.1× earnings today, against a median of 16.3× across 10 years on record. In line with its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $71.50B | 17.1× | |
| 2024-06-30 | $63.70B | 15.3× | |
| 2023-06-30 | $68.90B | 33.5× | |
| 2022-06-30 | $74.00B | 15.1× | |
| 2021-06-30 | $58.20B | 8.3× | |
| 2020-06-30 | $51.20B | 16.1× | |
| 2019-06-30 | $54.50B | 24.2× | |
| 2018-06-30 | $53.40B | 16.5× | |
| 2017-06-30 | $44.50B | 15.5× | |
| 2016-06-30 | $39.50B | 19.3× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Search, Detection, Navigation, Guidance, Aeronautical Sys filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| R&D / revenue | 2.6% | 0th | |
| SBC / revenue | 0.3% | 0th | |
| Current ratio | 1.10x | 11th | |
| Net margin | 10.0% | 67th | |
| Operating margin | 10.8% | 67th | |
| CapEx / revenue | 3.5% | 44th | |
| FCF margin | 7.9% | 56th | |
| Revenue YoY growth | 2.2% | 44th | |
| Effective tax rate | 17.5% | 50th |
NORTHROP GRUMMAN CORP /DE/ (NOC) reported revenue of $43.59B and net income of $4.52B for the fiscal year ended 2026-09-30. This page shows 1 annual period 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 | 2026-09-30 |
|---|---|
| Revenue | $43.59B |
| Cost of revenue | Unavailable |
| Gross profit | Unavailable |
| Operating income | $4.62B |
| Net income | $4.52B |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | $5.24B |
| Income tax expense | $716.00M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | Unavailable |
| General & administrative | $4.10B |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-09-30 |
|---|---|
| Cash & equivalents | $3.74B |
| Total assets | $52.50B |
| Current assets | $16.98B |
| Total liabilities | $33.81B |
| Current liabilities | $13.75B |
| Total equity incl. NCI | $18.68B |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | $1.36B |
| Accounts receivable | $2.08B |
| Goodwill | $17.44B |
| Long-term debt | $14.43B |
| Accounts payable | $3.28B |
Cash flow
| Metric | 2026-09-30 |
|---|---|
| Operating cash flow | $5.27B |
| Capital expenditures | $1.44B |
| Investing cash flow | -$978.00M |
| Financing cash flow | -$2.50B |
| Net change in cash | Unavailable |
| Stock-based compensation | $129.00M |
| Common dividends paid | $1.36B |
| Common share repurchases | $524.00M |
| Depreciation & amortization | $1.52B |
Derived
| Metric | 2026-09-30 |
|---|---|
| Free cash flow | $3.83B |
| Gross margin | Unavailable |
| Operating margin | 10.6% |
| FCF margin | 8.8% |
| SBC / revenue | 0.3% |
| Current ratio | 1.23x |
| Revenue YoY growth | 6.5% |
| Net margin | 10.4% |
| R&D / revenue | Unavailable |
| CapEx / revenue | 3.3% |
| Long-term debt / equity | 0.77x |
| Effective tax rate | 13.7% |
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
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.