Stocks Industrials NOC
NYSE · IndustrialsNorthrop Grumman Corp (NOC)
Northrop Grumman Corp brought in $42.9B of revenue over the twelve months to June 30, 2026, up 5.9% from a year earlier. Net income was $4.5B, a net margin of 10.5%. Operating cash flow minus capital spending left $3.3B of free cash flow in fiscal 2025. At June 30, 2026 it held $2.3B in cash against $15.2B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on July 21, 2026.
Key facts about Northrop Grumman Corp
- Net worth
- Northrop Grumman Corp has a market value (market cap) of $68.9B at the latest share price, and shareholders' equity of $17.9B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $42B (+2.2% year on year), with net income of $4.2B. Over the 12 months to June 30, 2026: revenue $42.9B, net income $4.5B.
- Cash flow
- In fiscal 2025 operations brought in $4.8B of cash; after $1.5B of capital spending, free cash flow was $3.3B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on July 21, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- Northrop Grumman Corp's next report is expected around October 20, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Northrop Grumman Corp declared dividends of $8.99 per share in fiscal 2025, a yield of 1.85% at the current price.
What Northrop Grumman Corp does
Northrop Grumman manufactures military aircraft, defense electronics, space systems, and missile defense technologies. Its products and services are sold primarily to the United States government, military branches, and allied international defense agencies. Its shares trade on NYSE under the ticker NOC.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $42B | $4.2B | $29.08 | $3.3B |
| 2024 | $41B | $4.2B | $28.34 | $2.6B |
| 2023 | $39.3B | $2.1B | $13.53 | $2.1B |
| 2022 | $36.6B | $4.9B | $31.47 | $1.5B |
| 2021 | $35.7B | $7B | $43.54 | $2.2B |
| 2020 | $36.8B | $3.2B | $19.03 | $2.9B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where NOC ranks in Industrials
Dividends
Northrop Grumman Corp declared $8.99 per share in fiscal 2025. At the current price that is a yield of 1.85%. It paid out $1.3B in cash dividends, 31% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $8.99 | $1.3B | 31% |
| 2024 | $8.05 | $1.2B | 28% |
| 2023 | $7.34 | $1.1B | 54% |
| 2022 | $6.76 | $1.1B | 21% |
| 2021 | $6.16 | $983M | 14% |
| 2020 | $5.67 | $953M | 30% |
Latest SEC filings
What Northrop Grumman Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 21, 2026
- August 12, 2026Passive stake changed SCHEDULE 13G/A
- July 21, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 5.1% to $10.9B versus the same quarter last year; diluted EPS $7.68 versus $8.15.
- July 21, 2026
- June 11, 2026
- June 11, 2026
- June 11, 2026
- June 11, 2026
- May 28, 2026
- May 21, 2026
What is NOC worth? A DCF from its reported cash flow
Insider trades
What the people running Northrop Grumman Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $52K worth of shares in the last 90 days and bought none on the open market. All of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 30, 2026 | Brown Marianne CatherineDirector | Received as pay | 96 | $46.4K |
| September 30, 2026 | Krishna ArvindDirector | Received as pay | 75 | $36.3K |
| August 3, 2026 | Welsh Mark A IIIDirector | Soldpre-planned (10b5-1) | 8 | $4.4K |
| August 3, 2026 | Welsh Mark A IIIDirector | Soldpre-planned (10b5-1) | 19 | $10.4K |
| August 3, 2026 | Welsh Mark A IIIDirector | Soldpre-planned (10b5-1) | 11 | $6K |
| August 3, 2026 | Welsh Mark A IIIDirector | Soldpre-planned (10b5-1) | 31 | $17K |
| August 3, 2026 | Welsh Mark A IIIDirector | Soldpre-planned (10b5-1) | 10 | $5.5K |
| August 3, 2026 | Welsh Mark A IIIDirector | Soldpre-planned (10b5-1) | 6 | $3.3K |
Who owns NOC
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 7.22% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,810 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| State Street Corp | 13,169,195 | +168,267 |
| BlackRock, Inc. | 11,783,817 | +901,299 |
| Vanguard Capital Management LLC | 8,997,139 | +47,912 |
| Capital International Investors | 5,852,674 | -1,243,791 |
| Capital World Investors | 5,062,384 | -1,829,766 |
| Wellington Management Group Llp | 4,932,780 | -37,879 |
| Vanguard Portfolio Management LLC | 3,595,011 | +89,908 |
| Morgan Stanley | 3,562,274 | -46,464 |
| Franklin Resources Inc | 3,374,876 | +95,740 |
| Geode Capital Management, LLC | 3,261,247 | +48,073 |
| Bank of America Corp | 2,548,822 | -96,038 |
| Invesco Ltd. | 1,851,055 | +194,238 |
| Sanders Capital, LLC | 1,828,249 | -38,978 |
| Jpmorgan Chase & Co | 1,400,270 | -647,331 |
| Fmr LLC | 1,303,808 | -801,654 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 1,180,299 | +487,434 |
| Massachusetts Financial Services Co | 1,121,257 | -398,239 |
| Northern Trust Corp | 1,113,765 | +25,431 |
| Goldman Sachs Group Inc | 1,065,110 | -68,351 |
| Ameriprise Financial Inc | 1,042,987 | +29,680 |
Insiders
17 insiders reported holding 276,622 shares in total, about $134.2M at the last price.
| Holder | Shares |
|---|---|
| Warden Kathy JChair, CEO and President, Director | 196,681 |
| Schoewe Thomas MDirector | 16,737 |
| Roughead GaryDirector | 12,210 |
| Brown Marianne CatherineDirector | 11,706 |
| Jones Thomas HCVP & Pres Aeronautics Systems | 11,205 |
| Turley James SDirector | 6,738 |
| Welsh Mark A IIIDirector | 4,393 |
| Krishna ArvindDirector | 2,837 |
| Abney David PDirector | 2,824 |
| Fleming Robert J.CVP and Pres. Space Systems | 2,619 |
Questions about NOC
What does Northrop Grumman Corp do?
Northrop Grumman manufactures military aircraft, defense electronics, space systems, and missile defense technologies. Its products and services are sold primarily to the United States government, military branches, and allied international defense agencies. Its shares trade on NYSE under the ticker NOC.
What is Northrop Grumman Corp's net worth?
Northrop Grumman Corp has a market value (market cap) of $68.9B at the latest share price, and shareholders' equity of $17.9B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Northrop Grumman Corp profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $4.5B on revenue of $42.9B, a net margin of 10.5%.
How much revenue does Northrop Grumman Corp make?
Over the twelve months to June 30, 2026 Northrop Grumman Corp reported revenue of $42.9B. That is 5.9% more than a year earlier.
When did Northrop Grumman Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on July 21, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from October 1, 2026.
When is Northrop Grumman Corp's next earnings report?
Northrop Grumman Corp's next report is expected around October 20, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does Northrop Grumman Corp pay a dividend?
Yes. Northrop Grumman Corp declared dividends of $8.99 per share in fiscal 2025, a yield of 1.85% at the current price.
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Where the numbers come from
Financial figures are the values Northrop Grumman Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.