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Nextnav vs Northrop Grumman: revenue, profit, margins and growth compared

Nextnav brought in $4.6M of revenue in fiscal 2025, Northrop Grumman $42B in fiscal 2025. Revenue changed by -19.3% at Nextnav and +2.2% at Northrop Grumman on the year before, so Northrop Grumman grew faster. Nextnav kept -4,138.5% of its revenue as net profit, Northrop Grumman 10.0%. Free cash flow was -$50.8M at Nextnav and $3.3B at Northrop Grumman.

Side by side, latest fiscal year

NNNOC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$4.6M$42B
Revenue growth-19.3%+2.2%
Net income-$189.3M$4.2B
Net margin-4,138.5%10.0%
Free cash flow-$50.8M$3.3B
Free cash flow margin-1,110.8%7.9%
Earnings per share (diluted)-$1.42$29.08
Cash$44.8M$4.4B
Debt$273.6M$15.7B
Price to earningsn/a17.4
Market value$2.4B$71.9B
Dividend yieldn/a1.78%
Rank by revenue in sector#527 of 587 · Industrials#13 of 587 · Industrials

Over the years

Revenue
NN FY2021: $569KNN FY2021: $763KNN FY2022: $3.9MNN FY2023: $3.9MNN FY2024: $5.7MNN FY2025: $4.6MNOC FY2018: $30.1BNOC FY2019: $33.8BNOC FY2020: $36.8BNOC FY2021: $35.7BNOC FY2022: $36.6BNOC FY2023: $39.3BNOC FY2024: $41BNOC FY2025: $42BFY18FY19FY20FY21FY22FY23FY24FY25
NN $4.6MNOC $42B
Net income
NN FY2021: -$137.3MNN FY2021: -$144.7MNN FY2022: -$40.1MNN FY2023: -$71.7MNN FY2024: -$101.9MNN FY2025: -$189.3MNOC FY2018: $3.2BNOC FY2019: $2.2BNOC FY2020: $3.2BNOC FY2021: $7BNOC FY2022: $4.9BNOC FY2023: $2.1BNOC FY2024: $4.2BNOC FY2025: $4.2BFY18FY19FY20FY21FY22FY23FY24FY25
NN -$189.3MNOC $4.2B
Net margin
NN FY2021: -24,136.4%NN FY2021: -18,960.2%NN FY2022: -1,021.8%NN FY2023: -1,857.5%NN FY2024: -1,797.1%NN FY2025: -4,138.5%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%FY18FY19FY20FY21FY22FY23FY24FY25
NN -4,138.5%NOC 10.0%
Revenue growth
NN FY2021: +34.1%NN FY2022: +414.5%NN FY2023: -1.6%NN FY2024: +46.8%NN FY2025: -19.3%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%FY19FY20FY21FY22FY23FY24FY25
NN -19.3%NOC +2.2%
Free cash flow
NN FY2021: -$34.8MNN FY2021: -$49MNN FY2022: -$40.1MNN FY2023: -$38.2MNN FY2024: -$38.4MNN FY2025: -$50.8MNOC FY2018: $2.6BNOC FY2019: $3BNOC FY2020: $2.9BNOC FY2021: $2.2BNOC FY2022: $1.5BNOC FY2023: $2.1BNOC FY2024: $2.6BNOC FY2025: $3.3BFY18FY19FY20FY21FY22FY23FY24FY25
NN -$50.8MNOC $3.3B

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

Questions about Nextnav and Northrop Grumman

Which is bigger by revenue, Nextnav or Northrop Grumman?

Northrop Grumman is bigger by revenue: $42B in fiscal 2025, against $4.6M for Nextnav in fiscal 2025.

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

Nextnav had a net margin of -4,138.5% in fiscal 2025; Northrop Grumman had 10.0% in fiscal 2025.

Which grew revenue faster, Nextnav or Northrop Grumman?

In their latest fiscal years revenue changed by -19.3% at Nextnav 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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