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Product

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Gain on sale of business

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Northrop Grumman

Northrop Grumman Corp. engages in the provision of advanced aircraft systems. It operates through the following segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. The Aeronautics Systems segment is involved in the design, development, production, integration, sustainment, and modernization of advanced aircraft systems for the U.S. Air Force, the U.S. Navy, other U.S. government agencies, and international customers. The Defense Systems segment includes integrated battle management systems, weapons systems and aircraft, and mission systems sustainment and modernization. The Mission Systems segment offers advanced mission solutions and multifunction systems, primarily for the U.S. defense and intelligence community, and international customers. The Space Systems segment delivers end-to-end mission solutions through the design, development, integration, production and operation of space, missile defense, launch and strategic missile systems for national security, civil government, commercial, and international customers. The company was founded by John K. Northrop, Thomas V. Jones, and Kent Kresa in 1939 and is headquartered in Falls Church, VA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Northrop Grumman reports robust Q4 performance and eyes international growth

Northrop Grumman's Q4 2022 earnings call highlighted strong performance, notable achievements, and optimistic growth expectations for 2023. Despite challenges like inflationary pressures and upfront investments impacting free cash flow, the company remains focused on delivering value to shareholders and capitalizing on international opportunities for growth.

Northrop Grumman reports strong Q1 earnings, eyes international growth

Northrop Grumman's Q1 performance showed sales growth and strong earnings, with a positive outlook for the future.
The company's focus on investments in weapons portfolio capacity, hypersonic technology, and space exploration positions it for continued success.
Challenges in the defense sector are being addressed through competitive strategies and a shift towards fixed price contracts.
Opportunities in international markets, missile defense capabilities, and strategic partnerships offer avenues for future growth and expansion.

Northrop Grumman excels in Q2, eyes margin expansion in 2024

Northrop Grumman's Q2 performance reflects strong sales growth and operational efficiency enhancements, underpinned by a proactive approach to challenges and a focus on margin expansion.
The company's strategic capital deployment and growth opportunities in the Space segment position it well for sustained success and shareholder value creation.
Anticipated margin expansion in 2024, alongside disciplined cost management and market tailwinds, bode well for Northrop Grumman's future growth trajectory.

Northrop Grumman reports robust Q3 results, eyes international growth opportunities

Northrop Grumman's Q3 performance reflects financial strength and operational excellence, driven by robust sales growth, profitability, and cash flow generation. While facing challenges in meeting increased demand and navigating tax implications, the company is well-positioned to capitalize on international growth opportunities and maintain its competitive edge in the defense sector.

Northrop Grumman exceeds revenue expectations, addresses B-21 program challenges

Northrop Grumman delivered strong financial performance in 2023, surpassing revenue guidance and demonstrating operational resilience. While facing challenges in the B-21 program, the company remains focused on driving growth, improving margins, and enhancing shareholder value through strategic investments and disciplined decision-making.

Northrop Grumman reports robust Q1 performance and eyes global growth

Northrop Grumman's Q1 performance showcased strong sales growth, margin improvement, and operational efficiency.
The company's focus on global demand, investments in technology, and capital deployment strategy position it for continued success.
Challenges include program timing issues and supply chain concerns, but opportunities in defense technologies and international markets offer growth potential.
Overall, Northrop Grumman's strategic initiatives and financial performance in Q1 2024 indicate a positive outlook for the year.

Northrop Grumman excels in Q2 2024, eyes international growth

Northrop Grumman's Q2 2024 performance reflects robust financial metrics, strategic portfolio alignment with defense priorities, and a focus on sustainable growth. Despite potential challenges in international markets and evolving defense landscapes, the company's strong operational performance and investment strategies signal resilience and growth potential.

Northrop Grumman's Q3 performance reflects operational strength, profitability, and strategic positioning for future growth.
The company's focus on margin expansion, program execution, and international sales growth underscores its commitment to sustained success.
While challenges persist in a competitive landscape, Northrop Grumman remains optimistic about capitalizing on opportunities for growth and performance.

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Abbott Labs

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Quiver Quantitative, the pioneering company behind an alternative data platform designed for retail investors, has been actively tracking stock market trades made by US Congress members and other political figures. Some of the trades have been notably controversial, mainly due to their timing or because they violated federal laws.

15 stocks with the closest US government connections

Boeing

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Recent weeks have witnessed a rising trend among Congress members and other prominent US politicians. They have been strategically investing in military-related stocks, with a keen focus on sectors encompassing defense, energy, and cybersecurity.

These defense stocks are most traded by US Congress

Chevron

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Publicly traded companies utilize debt for many reasons. They can use it to fuel growth, pay dividends, or buy back shares, but like any financial entity, enough is enough.

2 sectors reducing debt and paying shareholders

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Mastercard

Monolithic Power Systems

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Charles Schwab

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Vanguard Dividend Appreciation ETF

There are 20 stocks on my dividend growth watchlist for October 2023. The majority of the stocks on my watchlist are undervalued based on dividend yield theory. An equally weighted portfolio of these stocks would have outperformed the Vanguard Dividend Appreciation ETF by more 4% year-to-date.

Dividend Growth Stock Watchlist - November 2023

Northrop Grumman (NOC) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, NOC broke through the 20-day moving average, which suggests a short-term bullish trend.

Northrop Grumman (NOC) Just Flashed Golden Cross Signal: Do You Buy?

First Solar

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Defense stocks to check out in the stock market today.

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Volatile markets are prime for stock pickers. And if history is any judge, a period of maximum fear frequently creates a buying opportunity for long-term investors.

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Global defense spending increased for the eighth consecutive year in 2022 and touched an all-time high of $2.24 trillion. Given the multiple points of geopolitical friction globally, it's likely that defense spending will continue to increase at a healthy pace.

3 Defense Stocks for a Steady Stream of Dividend Income

Northrop Grumman (NOC) and privately held York Space Systems were chosen by the Pentagon to build 100 communications satellites for a total of $1.3 billion.

Pentagon Awards $1.3 Billion in Satellite Contracts to Northrop Grumman, York

The Pentagon's Space Development Agency announced about $1.3 billion in contracts to York Space and Northrop Grumman to build communications satellites.

Pentagon awards $1.3 billion in contracts to Northrop Grumman and York for 100 satellites

REDONDO BEACH, Calif., Oct. 30, 2023 (GLOBE NEWSWIRE) -- The Space Development Agency (SDA) awarded Northrop Grumman Corporation (NYSE: NOC) an agreement with a total potential value of approximately $732 million to design and build 38 data transport satellites. These satellites will support Tranche 2 Transport Layer – Alpha (T2TL-Alpha), the latest iteration of SDA's low-Earth orbit Proliferated Warfighter Space Architecture (PWSA).

Northrop Grumman Selected to Deliver Nearly 40 More Data Transport Satellites for Space Development Agency's Next Generation Low-Earth Orbit Constellation of Connectivity

FALLS CHURCH, Va., Oct. 30, 2023 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) will participate in Baird's 2023 Global Industrial Conference on Tuesday, Nov. 7. Kathy Warden, chair, chief executive officer and president, and Dave Keffer, corporate vice president and chief financial officer, will present beginning at 10:05 a.m. Eastern time. The presentation will be webcast live at http://investor.northropgrumman.com .

Northrop Grumman to Participate in the Baird 2023 Global Industrial Conference

Virgin Galactic

According to a recent research report by Spherical Insights & Consulting, the global space exploration market size was an impressive $486 billion in 2022. But hold onto your helmets because by 2032, this figure is poised to skyrocket to a staggering $1.87 trillion.

3 Space Stocks With More Space to Run

iShares U.S. Aerospace & Defense ETF

Invesco Aerospace & Defense ETF

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With increasing geopolitical tensions in Central Asia and upbeat earnings driven by robust weapon sales, look into Aerospace and Defence ETFs as they report Q3 earnings.

Aerospace & Defense ETFs in Focus Amid Upbeat Q3 Earnings

Shares of Lockheed Martin NYSE: LMT took flight after a better-than-expected report, and other defense contractors are doing the same. News from Northrup Grumman, the 6th largest by contract obligations, and General Dynamics NYSE: GD #3 have these stocks flying bull flags and set to extend recent rallies to new long-term highs.

Top defense stocks fly bull flags with higher prices in sight

Northrop Grumman Corporation (NYSE:NOC ) Q3 2023 Earnings Conference Call October 26, 2023 9:00 AM ET Company Participants Todd Ernst - Vice President, Investor Relations Kathy Warden - Chairman, Chief Executive Officer & President David Keffer - Chief Financial Officer Conference Call Participants Douglas Harned - Bernstein Ronald Epstein - Bank of America Merrill Lynch Sheila Kahyaoglu - Jefferies Myles Walton - Wolfe Research Kristine Liwag - Morgan Stanley Robert Stallard - Vertical Research Cai von Rumohr - TD Cowen Kenneth Herbert - RBC Capital Markets Scott Deuschle - Deutsche Bank Gavin Parsons - UBS Seth Seifman - JPMorgan David Strauss - Barclays Operator Good day, ladies and gentlemen, and welcome to Northrop Grumman's Third Quarter Conference Call. Today's call is being recorded.

Northrop Grumman Corporation (NOC) Q3 2023 Earnings Call Transcript

Northrop's (NOC) third-quarter 2023 earnings beat the Zacks Consensus Estimate by 6.4%. The top line also improves 9% from the prior-year period.

Northrop (NOC) Beats on Q3 Earnings, Ups '23 Sales View

Northrop Grumman (NOC) came out with quarterly earnings of $6.18 per share, beating the Zacks Consensus Estimate of $5.81 per share. This compares to earnings of $5.89 per share a year ago.

Northrop Grumman (NOC) Q3 Earnings and Revenues Top Estimates

Northrop Grumman beat expectations for Q3 results early Thursday, following General Dynamics and RTX earlier this week. NOC stock rises.

NOC Stock Rises As Northrop Grumman Rounds Out Defense Earnings, Beats Forecasts

Northrop Grumman Corp. NOC, +1.01% said Thursday its third-quarter profit beat analyst expectations as revenue increased by $800 million from the year-ago period. Northrop Grumman's third-quarter net income increased by 2% to $937 million, or $6.18 per diluted share, from $915 million, or $5.89 per diluted share, in the year-ago quarter.

Northrop Grumman beats profit and revenue estimates

FALLS CHURCH, Va., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) has released its third quarter 2023 financial results. A copy of the earnings release has been furnished in the company's Form 8-K filing and is also available on the company's investor relations website at http://investor.northropgrumman.com.

Northrop Grumman Releases Third Quarter 2023 Financial Results

U.S. defense company Northrop Grumman on Thursday raised its annual revenue target for the second time this year after reporting a jump in third-quarter revenue and profit helped by strong weapons demand.

Northrop Grumman lifts 2023 revenue outlook on weapons demand

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Space stocks are becoming more attractive by the day. As broader indices like the Standards and Practices (S&P) 500 decline, this opens up ripe opportunities for investors to scoop up shares of space stocks at a steep discount.

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With an uncertain market cycle likely to narrow the list of winners in the third quarter, investors who don't mind speculating may want to consider these stocks to buy ahead of Q3 earnings. To be sure, the entire concept is wildly risky.

Promising Picks: 7 Stocks to Buy Ahead of Their Q3 Earnings

News for Northrop Grumman Stock (NOC)