CHARGED ALPHATMFrontier AI stock research

NOC · NYSE

Northrop Grumman Corporation

Aerospace & Defense · United States

USD 475.08-0.2% daily changeQuote 2026-10-06 · USD
Market cap (USD)
US$67.49B
Trailing P/E
15.10x
Forward P/E
15.60x
Quarterly revenue growth
5.1%
Trailing net margin
10.5%
Indicated dividend yield
2.1%

Snapshot 2026-10-06 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-10-20 (provider estimate, not issuer-confirmed).

Company background

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.

Company website

Q2 2026

Go beyond the headline.

Northrop Grumman Stock: Earnings ’Fell 7%’ and NOC Sits Near Its Lows — So Why We Say BUY

Published 2026-07-21

Comparable businesses

NOC peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

No suitable peers with fresh, comparable size data are available. We have not substituted unrelated companies.

Market metrics · missing or inapplicable values shown as —
MetricNOCNorthrop Grumman CorporationSnapshot 2026-10-06Financial period: 2026-06-30
Market capMarket value, converted to USDUS$67.49B
Forward P/EProvider forward earnings estimate15.60x
EV / EBITDAEnterprise value / trailing EBITDA11.36x
Revenue growthLatest quarter vs prior-year quarter5.1%
Operating marginLatest reported quarter11.6%
Free cash flow yieldTrailing cash flow / market cap3.7%
Net debt / EBITDANet debt / trailing EBITDA2.03x
Debt / equityTotal debt / positive book equity0.95x
Trailing P/ETrailing twelve-month earnings15.10x
Price / bookPrice / positive book equity per share3.77x
EV / salesEnterprise value / trailing revenue1.92x
Earnings growthLatest quarter vs prior-year quarter-5.8%
Gross marginTrailing twelve months20.1%
Net marginTrailing twelve months10.5%
Return on equityProvider trailing return; positive equity only27.0%
Free cash flow marginTrailing free cash flow / revenue5.8%
Dividend yieldIndicated annual dividend / price2.1%
Earnings payoutProvider trailing dividend payout29.9%
Current ratioCurrent assets / current liabilities1.17x
BetaProvider historical market sensitivity-0.11

Choose a comparison stock

Search covered companies, or search all listed stocks.

Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

Financial trends

Reporting period
Financial history
Chart style
Comparison stocks

Financial statements load separately from the research page.

Market context

Valuation & price history

Adjusted closing price

Price history

Price history loads separately.

Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-10-06. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for NOC

All available reporting periods
Q2 20262026-07-21
Q1 20262026-04-22

NOC Stock: $9.9B Revenue — Q1 2026 Earnings Analysis

Presentation · 2026-04-22 · YouTube

Deep Dive2026-04-22

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.