Northrop Grumman revenue and financials

NOC · NYSE · USD

$483.11+1.47%+$7.00

Close · October 6, 2026

In the fiscal year ended December 2025, Northrop Grumman reported revenue of $41.95B (+2.24% year over year). Net income was $4.18B, a net margin of 10.0%.

Annual revenue · 2025: $41.95B

$24.71B2016
$26B2017
$30.1B2018
$33.84B2019
$36.8B2020
$35.67B2021
$36.6B2022
$39.29B2023
$41.03B2024
$41.95B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +2.24%; 2025 vs 2024
Net income growth: +0.19%; 2025 vs 2024
Net margin: 10.0%; 2024: 10.2%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total assets	50,763	50,007	51,377	49,300	49,451	48,468	49,359	48,289	47,670	47,818	46,544	44,896
Current assets	15,590	14,770	15,287	14,105	14,026	13,267	14,274	14,332	14,267	14,796	13,706	13,150
Cash and equivalents	2,307	2,090	4,403	1,957	1,899	1,685	4,353	3,326	3,272	3,061	3,109	2,082
Receivables	11,226	10,462	8,843	9,799	9,329	8,662	7,697	8,529	8,711	9,582	8,647	8,844
Inventory	1,415	1,450	1,309	1,615	1,553	1,578	1,455	1,646	1,504	1,370	1,109	1,355
Net property, plant and equipment	12,198	12,168	12,831	12,325	12,320	12,348	12,306	11,857	11,594	11,453	11,471	10,887
Goodwill	17,439	17,439	17,437	17,436	17,435	17,434	17,512	17,517	17,516	17,515	17,517	17,514
Other intangible assets	—	—	208	220	231	242	254	268	282	290	305	324
Long-term investments	428	492	483	516	413	349	347	361	331	343	339	318
Current liabilities	13,345	12,821	13,882	12,718	13,459	13,969	14,128	13,101	12,908	13,132	11,942	10,305
Accounts payable	2,895	2,681	3,240	2,797	2,592	2,501	2,599	2,518	2,352	2,580	2,110	2,260
Long-term debt	14,428	14,411	15,162	15,162	15,160	14,167	14,692	14,689	14,706	14,742	13,786	13,793
Total debt	16,289	16,316	17,019	16,958	16,965	—	—	—	—	—	—	—
Total liabilities	32,879	32,892	34,703	33,312	33,980	33,484	34,069	33,541	33,369	33,595	31,749	28,968
Total equity (incl. minority)	17,884	17,115	16,674	15,988	15,471	14,984	15,290	14,748	14,301	14,223	14,795	15,928
Retained earnings	17,839	17,096	16,658	15,968	15,452	14,982	15,297	14,738	14,301	14,218	14,773	15,924