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    Northrop Grumman Corporation (NOC)

    Official site

    INDUSTRIALS • AEROSPACE & DEFENSE • NYSE

    $499.52
    +3.84 (+0.77%)

    Market Cap: $70.98B

    Last updated: Oct 16, 2026 at 4:56 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    87%(34/39)
    Avg Surprise
    +8.61%
    Streak
    5 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$7.18
    Range$6.69 - $7.35
    18 analysts
    EPS Revisions
    1
    0
    7d
    1
    0
    30d
    EPS Estimate DriftChange to current
    90d ago$7.00+2.5%
    60d ago$7.15+0.3%
    30d ago$7.16+0.2%
    7d ago$7.16+0.2%
    Current$7.18
    Revenue Consensus
    $11.1B
    Range$10.9B - $11.4B
    20 analysts
    Period ending Dec 31, 2026
    EPS Consensus$8.95
    Range$8.50 - $9.57
    22 analysts
    Revenue Consensus
    $12.4B
    Range$12.1B - $12.7B
    24 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$8.95---
    Sep 26EST
    		-$7.18---
    Jun 26
    Reported Jul 21
    		$7.68$6.84+12.28%Beat-5.8%
    Mar 26
    Reported Apr 21
    		$6.14$6.06+1.32%Beat+84.9%
    Dec 25
    Reported Jan 27
    		$7.23$6.96+3.88%Beat+13.1%
    Sep 25
    Reported Oct 21
    		$7.67$6.46+18.73%Beat+9.6%
    Jun 25
    Reported Jul 22
    		$8.15$6.80+19.85%Beat+28.1%
    Mar 25
    Reported Apr 22
    		$3.32$6.26-46.96%Miss-47.5%
    Dec 24
    Reported Jan 30
    		$6.39$6.35+0.63%Beat+1.9%
    Sep 24
    Reported Oct 24
    		$7.00$6.07+15.32%Beat+13.3%
    Jun 24
    Reported Jul 25
    		$6.36$5.93+7.25%Beat+19.1%
    Mar 24
    Reported Apr 25
    		$6.32$5.78+9.34%Beat+14.9%
    Dec 23
    Reported Jan 25
    		$6.27$5.80+8.10%Beat-16.4%
    Sep 23
    Reported Oct 26
    		$6.18$5.80+6.55%Beat+4.9%
    Jun 23
    Reported Jul 27
    		$5.34$5.32+0.38%Beat-11.9%
    Mar 23
    Reported Apr 27
    		$5.50$5.09+8.05%Beat-9.8%
    Dec 22
    Reported Jan 26
    		$7.50$6.57+14.16%Beat+25.0%
    Sep 22
    Reported Oct 27
    		$5.89$6.11-3.60%Miss-11.2%
    Jun 22
    Reported Jul 28
    		$6.06$6.10-0.66%Miss-5.6%
    Mar 22
    Reported Apr 28
    		$6.10$5.98+2.01%Beat-7.2%
    Dec 21
    Reported Jan 27
    		$6.00$5.96+0.67%Beat-9.0%
    Sep 21
    Reported Oct 28
    		$6.63$5.98+10.87%Beat+12.6%
    Jun 21
    Reported Jul 29
    		$6.42$5.85+9.74%Beat+6.8%
    Mar 21
    Reported Apr 29
    		$6.57$5.48+19.89%Beat+27.6%
    Dec 20
    Reported Jan 28
    		$6.59$5.71+15.41%Beat+17.5%
    Sep 20
    Reported Oct 22
    		$5.89$5.60+5.18%Beat+7.3%
    Jun 20
    Reported Jul 30
    		$6.01$5.28+13.83%Beat+18.8%
    Mar 20
    Reported Apr 29
    		$5.15$5.49-6.19%Miss+1.8%
    Dec 19
    Reported Jan 30
    		$5.61$4.77+17.61%Beat+47.2%
    Sep 19
    Reported Oct 24
    		$5.49$4.76+15.34%Beat-16.1%
    Jun 19
    Reported Jul 24
    		$5.06$4.65+8.82%Beat+28.8%
    Mar 19
    Reported Apr 24
    		$5.06$4.60+10.00%Beat+20.2%
    Dec 18
    Reported Jan 31
    		$3.81$4.45-14.38%Miss+35.1%
    Sep 18
    Reported Oct 24
    		$6.54$4.36+50.00%Beat+77.7%
    Jun 18
    Reported Jul 25
    		$3.93$3.85+2.08%Beat+24.8%
    Mar 18
    Reported Apr 25
    		$4.21$3.58+17.60%Beat+16.0%
    Dec 17
    Reported Jan 25
    		$2.82$2.73+3.30%Beat-4.7%
    Sep 17
    Reported Oct 25
    		$3.68$2.92+26.03%Beat-
    Jun 17
    Reported Jul 26
    		$3.15$2.85+10.53%Beat-
    Mar 17
    Reported Apr 26
    		$3.63$2.92+24.32%Beat-
    Dec 16
    Reported Jan 26
    		$2.96$2.50+18.40%Beat-

    Dividends

    Dividend Metrics

    Forward Yield1.98%
    Forward Annual Dividend$9.88
    Payout Ratio26.75%
    FrequencyQuarterly
    Pay MonthsMar, Jun, Sep, Dec

    Growth

    3Y CAGR+9.97%
    5Y CAGR+9.66%
    NOC dividend history and ex-dividend datesRun NOC in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio17.39EV/EBITDA11.16x
    Price/FCF19.47xFCF Yield5.14%
    Profitability
    Profit Margin10.50%Operating Margin11.60%
    ROE27.00%ROIC15.66%
    Financial Health
    Debt/Equity0.81xInterest Coverage8.98x
    Current Ratio1.17xQuick Ratio1.06x
    Trading Statistics
    Beta-0.11Avg Volume994.97K
    52-Week High$767.1252-Week Low$470.06

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$483.75
    SMA 20$495.56
    SMA 50$526.26
    SMA 200$591.22
    EMA 10$489.65
    EMA 20$496.13
    EMA 50$514.54
    EMA 200$557.07

    MACD

    Line: -10.16Signal: -12.59Hist: 2.44

    ADX

    ADX: 33.9+DI: 20.0-DI: 21.6

    Aroon & PSAR

    Aroon Up12.0
    Aroon Down64.0
    PSAR$470.64

    Bollinger Bands

    Upper Band$529.47
    Lower Band$461.65
    %B Position1369%(Upper)
    Band Width0.56

    RSI (14-Day)

    Neutral
    48.9

    Momentum Oscillators

    Stoch %K49.7
    Stoch %D36.8
    Williams %R-32.7
    ROC (10d)3.6%
    Momentum17.52
    CCI (20d)24.3
    MFI (14d)46.8

    Volatility Measures

    ATR (14d)$11.49(2.3%)
    StdDev (20d)16.96
    Hist Vol26.8%(Moderate)

    Volume Flow

    VWAP$501.40
    OBV-5.8M
    AD Line-206.7M
    CMF (20d)0.010

    Volume Metrics

    Avg Vol (20d)1.0M
    Vol Ratio1.3x
    VWMA (20d)$493.92

    Pivot Points

    R3$518.24
    R2$508.75
    R1$502.22
    Pivot Point$492.73
    S1$486.20
    S2$476.71
    S3$470.18

    Advanced Oscillators

    TSI-24.36
    Ultimate Osc48.4
    KST-88.93

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$10.88B$9.88B$11.71B$10.42B$10.35B$9.47B$10.69B$10.00B$10.22B$10.13B$10.64B$9.78B
    Cost of Revenue$8.76B$7.92B$9.42B$8.20B$8.14B$7.89B$8.75B$7.89B$8.03B$8.00B$10.15B$7.73B
    Gross Profit$2.12B$1.96B$2.30B$2.23B$2.21B$1.58B$1.93B$2.11B$2.19B$2.13B$485.00M$2.04B
    Operating Expenses$1.02B$971.00M$1.02B$985.00M$785.00M$1.01B$843.00M$986.00M$1.10B$1.06B$878.00M$1.02B
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$1.02B$971.00M$1.02B$985.00M$1.02B$1.01B$843.00M$986.00M$1.10B$1.06B$878.00M$1.02B
    Operating Income$1.10B$989.00M$1.27B$1.24B$1.43B$573.00M$1.09B$1.12B$1.09B$1.07B$-393,000,000$1.02B
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$161.00M$162.00M$175.00M$161.00M$173.00M$156.00M$160.00M$161.00M$154.00M$146.00M$128.00M$141.00M
    Income Before Tax$1.17B$1.03B$1.74B$1.32B$1.43B$578.00M$1.55B$1.19B$1.15B$1.13B$-757,000,000$1.12B
    Income Tax Expense$74.00M$155.00M$313.00M$223.00M$253.00M$97.00M$287.00M$162.00M$206.00M$187.00M$-222,000,000$181.00M
    Net Income$1.09B$875.00M$1.43B$1.10B$1.17B$481.00M$1.26B$1.03B$940.00M$944.00M$-535,000,000$937.00M
    EBITDA$1.70B$1.56B$2.32B$1.86B$1.95B$1.07B$2.13B$1.68B$1.63B$1.58B$-229,000,000$1.58B
    EBIT$1.33B$1.19B$1.92B$1.48B$1.60B$734.00M$1.71B$1.35B$1.30B$1.28B$-629,000,000$1.26B
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $11.12B
    Gov Obligations / Revenue
    25.9%
    Obligations YoY
    7.3%
    Active Awards
    2,981
    New Awards (TTM)
    1,091
    Avg Remaining Term
    25.6 mo

    Top agency: Department of Defense at 95.0% of trailing twelve month obligations across 9 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    HQ085625FE001Department of DefenseMissile Defense Agency$477.54MSep 24, 2025
    SPRTA126F0020Department of DefenseDefense Logistics Agency$264.87MDec 19, 2025
    W15QKN26F0108Department of DefenseDepartment of the Army$159.16MMar 27, 2026
    N0001926C0122Department of DefenseDepartment of the Navy$127.32MMar 26, 2026
    N0003026C1013Department of DefenseDepartment of the Navy$120.01MDec 17, 2025
    W58RGZ26C0009Department of DefenseDepartment of the Army$119.69MJan 28, 2026
    W519TC25F0378Department of DefenseDefense Contract Management Agency$99.89MSep 25, 2025
    N0001925C0010Department of DefenseDepartment of the Navy$97.50MSep 24, 2025
    N0038326FS50RDepartment of DefenseDepartment of the Navy$97.02MFeb 10, 2026
    N0042125F7048Department of DefenseDepartment of the Navy$74.68MAug 26, 2025

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

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    NOC Valuation and Fair Value

    P/E
    17.4x
    Forward P/E
    17.0x
    EV/EBITDA
    11.2x
    P/FCF
    19.5x
    PEG
    3.4x
    P/B
    4.0x
    See GNG's fair value

    NOC Profitability: Margins, ROIC and FCF

    Gross margin
    20.1%
    Operating margin
    11.6%
    Net margin
    10.5%
    ROIC
    15.7%
    ROE
    27.0%
    FCF margin
    8.5%
    FCF yield
    5.1%

    NOC Competitors

    CompanyTicker
    Canadian National Railway CompanyCNI
    Republic Services IncRSG
    Norfolk Southern CorporationNSC
    FedEx CorporationFDX
    Cummins IncCMI
    Bloom Energy CorpBE
    Canadian Pacific Kansas City LimitedCP
    Honeywell International IncHON

    Sector: Industrials

    NOC Analyst Ratings

    Consensus
    Buy
    Analysts
    24
    Strong Buy
    4
    Buy
    10
    Hold
    10
    Sell
    0
    Strong Sell
    0

    NOC Bull Case vs Bear Case

    Bull case

    • NOC earns a 15.7% return on invested capital.
    • NOC beat EPS estimates in 87.5% of its last 8 reported quarters.

    NOC Earnings: Beat Rate and Next Report

    Beat rate
    7 of 8 quarters (87.5%)
    Average surprise
    3.1%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $7.18
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    1 up, 0 down

    NOC Dividend

    Forward yield
    2.0%
    Payout ratio
    26.8%
    3Y DPS growth
    10.0%
    5Y DPS growth
    9.7%
    Pay months
    Mar, Jun, Sep, Dec
    NOC dividend history

    Frequently Asked Questions About NOC

    What is NOC's current dividend yield?

    Northrop Grumman Corporation (NOC) has a forward dividend yield of 1.98%.

    Does NOC pay dividends?

    Yes, Northrop Grumman Corporation pays dividends with a forward dividend yield of 1.98%.

    What is NOC's P/E ratio?

    Northrop Grumman Corporation has a price-to-earnings (P/E) ratio of 17.39.

    What is NOC's market cap?

    Northrop Grumman Corporation (NOC) has a market capitalization of $70.98B with a current stock price of $499.52.

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