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Mind Technology vs Northrop Grumman: revenue, profit, margins and growth compared

Mind Technology brought in $40.9M of revenue in fiscal 2026, Northrop Grumman $42B in fiscal 2025. Revenue changed by -12.6% at Mind Technology and +2.2% at Northrop Grumman on the year before, so Northrop Grumman grew faster. Mind Technology kept 1.8% of its revenue as net profit, Northrop Grumman 10.0%. Free cash flow was $1.9M at Mind Technology and $3.3B at Northrop Grumman.

Side by side, latest fiscal year

MINDNOC
Fiscal year endedFY2026 (January 31, 2026)FY2025 (December 31, 2025)
Revenue$40.9M$42B
Revenue growth-12.6%+2.2%
Net income$750K$4.2B
Net margin1.8%10.0%
Free cash flow$1.9M$3.3B
Free cash flow margin4.7%7.9%
Earnings per share (diluted)$0.09$29.08
Cash$19.1M$4.4B
Debtn/a$15.7B
Price to earnings48.317.6
Market value$39.5M$72.5B
Dividend yieldn/a1.76%
Rank by revenue in sector#409 of 451 · Industrials#13 of 451 · Industrials

Over the years

Revenue
MIND FY2019: $42.9MMIND FY2020: $42.7MMIND FY2021: $21.2MMIND FY2022: $23.1MMIND FY2023: $25MMIND FY2024: $36.5MMIND FY2025: $46.9MMIND FY2026: $40.9MNOC FY2018: $30.1BNOC FY2019: $33.8BNOC FY2020: $36.8BNOC FY2021: $35.7BNOC FY2022: $36.6BNOC FY2023: $39.3BNOC FY2024: $41BNOC FY2025: $42BFY18FY19FY20FY21FY22FY23FY24FY25FY26
MIND $40.9MNOC $42B
Net income
MIND FY2019: -$19.8MMIND FY2020: -$11.3MMIND FY2021: -$20.3MMIND FY2022: -$15.1MMIND FY2023: -$8.8MMIND FY2024: $274KMIND FY2025: $5.1MMIND FY2026: $750KNOC FY2018: $3.2BNOC FY2019: $2.2BNOC FY2020: $3.2BNOC FY2021: $7BNOC FY2022: $4.9BNOC FY2023: $2.1BNOC FY2024: $4.2BNOC FY2025: $4.2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
MIND $750KNOC $4.2B
Net margin
MIND FY2019: -46.2%MIND FY2020: -26.4%MIND FY2021: -95.7%MIND FY2022: -65.3%MIND FY2023: -35.3%MIND FY2024: 0.8%MIND FY2025: 10.8%MIND FY2026: 1.8%NOC FY2018: 10.7%NOC FY2019: 6.6%NOC FY2020: 8.7%NOC FY2021: 19.6%NOC FY2022: 13.4%NOC FY2023: 5.2%NOC FY2024: 10.2%NOC FY2025: 10.0%FY18FY19FY20FY21FY22FY23FY24FY25FY26
MIND 1.8%NOC 10.0%
Revenue growth
MIND FY2020: -0.6%MIND FY2021: -50.3%MIND FY2022: +8.9%MIND FY2023: +8.2%MIND FY2024: +46.0%MIND FY2025: +28.4%MIND FY2026: -12.6%NOC FY2019: +12.4%NOC FY2020: +8.7%NOC FY2021: -3.1%NOC FY2022: +2.6%NOC FY2023: +7.3%NOC FY2024: +4.4%NOC FY2025: +2.2%FY19FY20FY21FY22FY23FY24FY25FY26
MIND -12.6%NOC +2.2%
Free cash flow
MIND FY2019: -$6.3MMIND FY2020: -$6.9MMIND FY2021: -$6.5MMIND FY2022: -$18MMIND FY2023: -$3.5MMIND FY2024: -$5.3MMIND FY2025: $214KMIND FY2026: $1.9MNOC FY2018: $2.6BNOC FY2019: $3BNOC FY2020: $2.9BNOC FY2021: $2.2BNOC FY2022: $1.5BNOC FY2023: $2.1BNOC FY2024: $2.6BNOC FY2025: $3.3BFY18FY19FY20FY21FY22FY23FY24FY25FY26
MIND $1.9MNOC $3.3B

Fiscal years as each company reports them; the two may end in different months.

Questions about Mind Technology and Northrop Grumman

Which is bigger by revenue, Mind Technology or Northrop Grumman?

Northrop Grumman is bigger by revenue: $42B in fiscal 2025, against $40.9M for Mind Technology in fiscal 2026.

Which keeps more of its revenue as profit, Mind Technology or Northrop Grumman?

Mind Technology had a net margin of 1.8% in fiscal 2026; Northrop Grumman had 10.0% in fiscal 2025.

Which grew revenue faster, Mind Technology or Northrop Grumman?

In their latest fiscal years revenue changed by -12.6% at Mind Technology and +2.2% at Northrop Grumman.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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