Northrop Grumman Corp. engages in the provision of security businesses. It includes products, systems, and solutions in autonomous systems, cyber, command, control, communications and computers, intelligence, surveillance and reconnaissance, strike, and logistics and modernization. It operates through the following business segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services. The Aerospace Systems segment includes the design, development, integration, and production of manned aircraft, autonomous systems, spacecraft, high-energy laser systems, microelectronics, and other systems and subsystems. The Innovation Systems segment deigns, develops, integrates, and produces flight, armament, and space systems to enable national security, civil government, and commercial customers. The Mission Systems segment consists of sensors and processing; cyber and intelligence, surveillance and reconnaissance; and advanced capabilities. The Technology Services focuses on global logistics and modernization; advanced defense services; and system modernization and services. The company was founded by John K. Northrop, Thomas V. Jones, and Kent Kresa in 1939 and is headquartered in Falls Church, VA.
Highlights
Northrop Grumman's quick ratio has increased by 14% YoY and by 8% from the previous quarter
The company's equity rose by 7% QoQ and by 5% YoY
NOC's net income is down by 28% year-on-year but it is up by 6% since the previous quarter
The company's EPS fell by 26% YoY but it rose by 7% QoQ
The stock's price to earnings (P/E) is 22% more than its 5-year quarterly average of 18.8
The debt has grown by 4.5% YoY
Key stats
What are the main financial stats of NOC
Market
Shares outstanding
166.71M
Market cap
$54.97B
Enterprise value
$66.38B
Valuations
Price to earnings (P/E)
23.01
Price to book (P/B)
5.66
Price to sales (P/S)
1.59
EV/EBIT
20.28
EV/EBITDA
14.63
EV/Sales
1.91
Earnings
Revenue
$34.7B
EBIT
$3.27B
EBITDA
$4.54B
Free cash flow
$3.68B
Per share
EPS
$14.33
Free cash flow per share
$22.04
Book value per share
$58.26
Revenue per share
$207.91
TBVPS
$142.95
Balance sheet
Total assets
$43.48B
Total liabilities
$33.76B
Debt
$15.59B
Equity
$9.71B
Working capital
$3.45B
Liquidity
Debt to equity
1.61
Current ratio
1.35
Quick ratio
1.2
Net debt/EBITDA
2.52
Margins
EBITDA margin
13.1%
Gross margin
21.3%
Net margin
6.9%
Operating margin
11.6%
Efficiency
Return on assets
5.7%
Return on equity
25.7%
Return on invested capital
12.9%
Return on capital employed
9.7%
Return on sales
9.4%
Dividend
Dividend yield
1.64%
DPS
$5.41
Payout ratio
37.8%
NOC stock price
How has the Northrop Grumman stock price performed over time
Financial performance
How have Northrop Grumman's revenue and profit performed over time
Revenue
$34.7B
Gross profit
$7.38B
Operating income
$4.02B
Net income
$2.4B
Gross margin
21.3%
Net margin
6.9%
The net margin has contracted by 32% YoY but it has grown by 4.5% from the previous quarter
NOC's net income is down by 28% year-on-year but it is up by 6% since the previous quarter
Northrop Grumman's revenue has increased by 6% YoY
The operating margin fell by 4.9% YoY
Valuation
What is Northrop Grumman stock price valuation
P/E
23.01
P/B
5.66
P/S
1.59
EV/EBIT
20.28
EV/EBITDA
14.63
EV/Sales
1.91
The company's EPS fell by 26% YoY but it rose by 7% QoQ
The stock's price to earnings (P/E) is 22% more than its 5-year quarterly average of 18.8
The P/B is 13% below the 5-year quarterly average of 6.5 and 6% below the last 4 quarters average of 6.0
The company's equity rose by 7% QoQ and by 5% YoY
NOC's P/S is 7% below its 5-year quarterly average of 1.7
Northrop Grumman's revenue has increased by 6% YoY
Efficiency
How efficient is Northrop Grumman business performance
The ROA has contracted by 34% YoY but it has grown by 3.6% from the previous quarter
Northrop Grumman's ROE has decreased by 32% YoY but it has increased by 4.9% from the previous quarter
NOC's return on invested capital is down by 30% year-on-year but it is up by 6% since the previous quarter
The company's return on sales fell by 29% YoY but it rose by 4.4% QoQ
Dividends
What is NOC's dividend history
DPS
$5.41
Dividend yield
1.64%
Payout ratio
37.8%
Recent dividends
Financial health
How did Northrop Grumman financials performed over time
The company's total assets is 29% higher than its total liabilities
Northrop Grumman's quick ratio has increased by 14% YoY and by 8% from the previous quarter
The current ratio is up by 8% year-on-year and by 4.7% since the previous quarter
The debt is 61% more than the equity
The company's equity rose by 7% QoQ and by 5% YoY
All financial data is based on trailing twelve months (TTM) periods - updated
quarterly, unless otherwise specified.