Revenue segments as reported by the company.

Product

Service

Revenue Segments

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

Gross Margin

Operating Margin

Profit Margin

Margins

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

General and administrative expenses

Gain on sale of business

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

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

Earnings data Q2 2022

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Howmet Aerospace

Passive income from dividends can help maintain living standards in retirement. Stocks with payout ratios below 50% offer potential for sustainable income growth.

2 Top Passive Income Stocks With Payout Ratios Below 50%

QUINCY, Mass.--(BUSINESS WIRE)--Granite Telecommunications today celebrated the grand opening of its new state-of-the-art headquarters, marking a significant milestone in the company's commitment to delivering exceptional customer service and innovative solutions. At the heart of this new facility is Granite's advanced, best-in-class Customer Service Center, a hub dedicated to enhancing the customer experience for its 6,000+ business and government clients nationwide. Granite, a $1.8 billion pr.

Granite Unveils High-Tech Customer Service Center at New Quincy Headquarters

FALLS CHURCH, Va., Sept. 20, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) announced today that its third quarter 2024 financial results will be posted on its investor relations website on Oct. 24, 2024. Prior to the market opening, and after the filing of the earnings release on Form 8-K with the Securities and Exchange Commission, the company will issue an advisory release notifying the public of the availability of the complete and full text earnings release on the company's website at http://investor.northropgrumman.com.

Northrop Grumman Announces Webcast, Conference Call of Third Quarter 2024 Financial Results

PALMDALE, Calif., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman's B-21 Raider program is making great progress as the team executes a robust flight test campaign and scales into production. In collaboration with the U.S. Air Force, Northrop Grumman's program management approach on B-21 centers around producibility and adoption of digital technology to ultimately deliver an effective, affordable system to the warfighter that is adaptable to future threats.

Northrop Grumman's Program Strategy Driving B-21 Raider Forward in Flight Test, Production

Northrop Grumman Corporation (NYSE:NOC ) Morgan Stanley's 12th Annual Laguna Conference September 12, 2024 12:20 PM ET Company Participants Kathy Warden - President & CEO Conference Call Participants Kristine Liwag - Morgan Stanley Kristine Liwag I'm Kristine Liwag, Morgan Stanley's aerospace and defense analyst. Thank you for joining our next session with Northrop Grumman with Kathy Warden, Chair, CEO, and President.

Northrop Grumman Corporation (NOC) Morgan Stanley's 12th Annual Laguna Conference (Transcript)

Raytheon Technologies

Test validates design maturity and performance ROCKET CENTER, W.Va., Sept. 12, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, and Northrop Grumman (NYSE: NOC) have successfully completed a static fire test of an advanced long-range solid rocket motor at the Northrop Grumman Allegany Ballistics Laboratory in West Virginia.

RTX's Raytheon, Northrop Grumman successfully test solid rocket motor

L3Harris

Lockheed Martin

The U.S. Space Force has existed for five years but lacks a dedicated national guard to support it. Former president Donald Trump is advocating for the creation of a dedicated Space National Guard.

Space National Guard or Not, These Companies Will Benefit

FALLS CHURCH, Va., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) will participate in the 12th Annual Morgan Stanley Laguna Conference on Thursday, September 12. Kathy Warden, chair, chief executive officer and president, will present beginning at 12:20 p.m. Eastern time. The presentation will be webcast live at http://investor.northropgrumman.com .

Northrop Grumman to Participate in the 12th Annual Morgan Stanley Laguna Conference

Easterly Government Properties

WASHINGTON--(BUSINESS WIRE)--Easterly Government Properties, Inc. (NYSE: DEA) (the “Company” or “Easterly”), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government and its adjacent partners, announced today that it has acquired a 99,246 square foot facility 100% leased to Northrop Grumman Systems Corporation (NYSE: NOC, S&P: BBB+), a multinational aerospace and defense co.

Easterly Government Properties Acquires 99,246 SF Facility Adjacent to Wright-Patterson Air Force Base and Occupied by Northrop Grumman Systems Corporation

AeroVironment

Boeing

General Electric

HEICO

Kratos Defense & Security Solutions

Subscribers to  Chart of the Week  received this commentary on Sunday, September 1.

Defense Sector: Overbought or Resilient?

Northrop Grumman is poised to benefit from rising global defense spending, driven by geopolitical instability and increased military budgets in NATO countries. NOC's strong Q2 results, including a 7% revenue increase and 80% growth in free cash flow, highlight its robust financial performance. The company's expanding order book and potential strategic acquisitions in cybersecurity and space position it for sustained revenue and profit growth.

Growing Cash Flows, Strong Defense Demand Position Northrop Grumman For Long-Term Success

We believe that Northrop Grumman stock is currently a better pick than its industry peer – Lockheed Martin stock (NYSE: LMT), given its better valuation and robust prospects. NOC stock trades at a slightly higher multiple of 1.9x trailing revenues, versus 1.7x for LMT.

Should You Pick Northrop Grumman Over Lockheed Martin?

Northrop Grumman Q2 earnings show modest margin expansion, with 10% revenue growth and 5% segment operating income growth. Northrop Grumman increases full-year earnings guidance, with sales and segment operating income guidance raised. Despite premium valuation, Northrop Grumman stock is a buy based on the global threat environment and long-term profitability prospects.

Northrop Grumman: Why I Believe The Stock Is A Buy And Worth $547

Walmart

Global markets experienced a dramatic $6.5 trillion decline, dubbed the “Great Unwind,” due to a sudden shift in financial and geopolitical priorities.

Market Crash 2024: These Are 3 “Protection” Stocks You'll Want to Own

TransDigm

Defense stocks have been on a tear in recent months, with many names hitting new all-time highs. The ongoing highly volatile geopolitical environment is primarily driving this surge.

3 Defense Stocks to Sell in August Before They Crash & Burn

Restaurant Brands

Now that we are nearing the end of 2024, investors may be certainly looking to revamp their portfolios.

The 3 Best Stocks to Buy in August

Coca-Cola

Investors love stocks that give high-quality, consistent returns, and blue chip stocks are just the type that can provide the kind of portfolio stability so many are after.

3 Blue-Chip Stocks to Buy In a Bear Market

CRH PLC

Earnings season continues to roll along, with these three companies delivering bullish guidance following strong results.

3 Stocks to Watch Following Guidance Upgrades: LMT, NOC, CRH

The geopolitical environment is escalating as reports emerge that Ukraine has launched a widespread land attack on Russia. With that in mind, investors can seek refuge in defense juggernauts like Northrop Grumman.

Geopolitics Escalate as Investors Seek Refuge in Defense Industry

Northrop Grumman showed strong sales and tremendous profits last quarter. The company's 1.5 book-to-bill ratio suggests growth will keep coming in the near term.

Northrop Grumman Dominates Defense Spending. Is the Stock a Buy?

Kimberly-Clark

Pfizer

During periods of heightened volatility, low-beta stocks can provide a valuable layer of defense and a more balanced risk profile.

Volatility Spikes: 3 Low Beta Stocks to Buy

Northrop Grumman (NOC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Northrop Grumman Corporation (NOC) Hit a 52 Week High, Can the Run Continue?

Selling defense stocks at a time when the wider market is showing strong growth may seem counterintuitive to investors. However, with more uncertainty set to reign in the months ahead, it now is a good time to trim.

3 Defense Stocks to Sell Before You Regret It

Although the majority of assets in the stock market are crashing, certain defense stocks are doing the exact opposite – rallying amid the rising geopolitical tensions that have seen new war fronts arise or threaten to appear in multiple regions as the now already ‘old' wars continue raging.

These defense stocks rally as the markets crash

Here is how Northrop Grumman (NOC) and RTX (RTX) have performed compared to their sector so far this year.

News for Northrop Grumman Stock (NOC)