Stock · NOC · Industrials
United States · Large Cap · listed since 1981 · Revenue 12 mo. $43.6B
Price as of 11/06/2026
Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally.
Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. It operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems and Space Systems. The Aeronautics Systems segment designs, develops, produces, integrates, sustains, and modernizes aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic, surveillance and reconnaissance systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems. Its Defense Systems segment designs, develops, integrates, and produces strategic deterrent systems, tactical weapons, and missile defense solutions; and provides sustainment, modernization, and training services for manned and unmanned aircraft and electronics systems. This segment also offers strategic missiles; integrated all-domain command and control systems; precision strike weapons; tactical solid rocket motors, and high-speed air-breathing and hypersonic systems; high-performance gun systems, ammunition, precision munitions, and advanced fuzes; and sustainment, operation, and modernization. The Mission Systems segment provides command, control, communication and computer, intelligence, surveillance, and reconnaissance systems; radar, electro-optical/infrared, and acoustic sensors; electronic warfare systems; advanced communications and network systems; microelectronics; navigation and positioning sensors; maritime power, propulsion, and payload launch systems; cyber solutions; and intelligence processing systems. Its Space Systems segment offers satellites, spacecraft systems, subsystems, sensors, and payloads; ground systems; missile defense systems and interceptors; and launch vehicles and related propulsion systems. The company was founded in 1939 and is based in Falls Church, Virginia.
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Summary
47.9 of 100
Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.
Analysis
What the price requires
If free cash flow stays at €3B (2025), it supports €33B. The remaining €34B of the market value assume it grows 9.9% a year for 10 years and not at all afterwards.
Required FCF growth per year
9.9%
no growth afterwards
Price to operating cash flow 14.2×, below its usual range.
Middle half of 20 quarters: 17.3× to 24.5×, median 18.4×.
Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.
with respect to the priced-in expectation
with respect to the priced-in expectation
Since the last quarter
Q2 → Q3 2026
7 more unchanged: Revenue, 12 mo., Gross margin, EBIT margin, FCF margin, Net debt, Shares outstanding, Return on equity
Derivation
Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.
Price as of 11/06/2026.
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Return on equity | 25.08% | 13.10% | Rank 83 |
| Return on capital (Greenblatt) | 30.47% | 19.33% | Rank 64 |
| EBIT margin | 10.20% | 11.28% | Rank 45 |
| FCF margin | 7.88% | 8.50% | Rank 49 |
| Gross margin | 19.81% | 28.98% | Rank 31 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Revenue growth, 1 year | 2.24% | 5.15% | Rank 34 |
| Earnings growth, 3 years per year | −2.59% | 8.01% | Rank 26 |
| Earnings growth, 5 years per year | 8.86% | 12.89% | Rank 33 |
| Sustainable growth (ROE × retained earnings) | 3.46% | 4.02% | Rank 44 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Earnings yield | 5.54% | 4.42% | Rank 63 |
| FCF yield | 4.43% | 3.98% | Rank 58 |
| EV/saleslower is better | 2.14 | 2.08 | Rank 48 |
| EV/EBITlower is better | 21.01 | 19.47 | Rank 44 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Share price, 1 year | −17.82% | −0.01% | Rank 19 |
| Share price, 6 months | −3.98% | −1.43% | Rank 44 |
| Share price, 3 months | −3.02% | 0.53% | Rank 43 |
| Distance from 52-week high | −31.64% | −16.36% | Rank 22 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Accruals (Sloan)lower is better | 1.15% | 1.39% | Rank 51 |
| Change in share countlower is better | −2.38% | −0.44% | Rank 78 |
| Dividend streak in years | 28 | 5 | Rank 96 |
| Price reaction to results, market-adjusted | 4.21% | 0.27% | Rank 80 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Equity ratio | 32.45% | 39.65% | Rank 31 |
| Net debt/EBITDAlower is better | 2.13 | 1.38 | Rank 32 |
| Debt to equitylower is better | 1.18 | 0.61 | Rank 22 |
| Volatility, 1 yearlower is better | 28.76% | 32.95% | Rank 65 |
Ten years in figures
| Year | Revenue, $B | EBIT margin | FCF, $B | Shares | Net debt, $B |
|---|---|---|---|---|---|
| 2016 | 24.5 | 13.0% | 1.9 | 181M | 4.5 |
| 2017 | 25.8 | 12.8% | 1.7 | 176M | 3.2 |
| 2018 | 30.1 | 12.6% | 2.6 | 175M | 12.3 |
| 2019 | 33.8 | 11.7% | 3.0 | 170M | 11.8 |
| 2020 | 36.8 | 11.1% | 2.9 | 168M | 13.0 |
| 2021 | 35.7 | 15.8% | 2.2 | 161M | 12.7 |
| 2022 | 36.6 | 9.8% | 1.5 | 156M | 14.2 |
| 2023 | 39.3 | 6.5% | 2.1 | 152M | 14.8 |
| 2024 | 41.0 | 10.7% | 2.6 | 147M | 15.8 |
| 2025 | 42.0 | 10.2% | 3.3 | 144M | 15.3 |
3 of 7 StockScorer Score rules met · How the score is built
Northrop Grumman Corporation mainly meets criteria in the Valuation category. Result from 18 strategies checked.
Northrop Grumman Corporation is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.
3 of 7 rules met
5 of 11 points
Detail data
Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.
With a free account, you can see the match across all strategies checked in one complete overview.
Selected fundamental metrics for Northrop Grumman Corporation.
| Metric | Stock | Sector |
|---|---|---|
| P/E ratio | 18.1 | 22.5 |
| P/B ratio | 4.5 | 2.9 |
| Return on equity (ROE) | 25.1% | 13.1% |
| Equity ratio | 32.5% | 39.7% |
| Debt-to-equity (D/E) | 1.18 | 0.61 |
| Dividend yield | 1.8% | 2.0% |
How comparable stocks in the same sector score in the StockScorer model.
| Symbol | Company | Rating |
|---|---|---|
| NOC | Northrop Grumman Corporationthis page | |
| HWM | Howmet Aerospace Inc | Medium5.5 |
| TDG | Transdigm Group Incorporated | Low4.5 |
| GD | General Dynamics Corporation | Low4.5 |
| HONA | Honeywell Aerospace Inc | locked |
| LHX | L3Harris Technologies Inc | locked |
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