Inside the research
Northrop Grumman Corporation
NOC Research profile · latest available data
Price overview
$510.52
▲ +1.54 (+0.3%)
| 52w hi | $761.19 |
|---|---|
| 52w lo | $493.77 |
| Vol | 535.40K |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.31
| Short | -0.18 |
|---|---|
| Medium | -0.44 |
| Long | -0.31 |
computed 2026-09-27
Key fundamentals
Northrop Grumman Corporation
Industrials · Aerospace & Defense
| Market cap | $72.53B |
|---|---|
| Enterprise value | $87.27B |
| Trailing P/E | 16.23x |
| Forward P/E | 16.77x |
| EV / EBITDA | 12.03x |
| P / S (ttm) | 1.69x |
| Profit margin | 10.5% |
| Return on equity | 27.0% |
| Revenue growth | +5.1% |
| Earnings growth | -5.8% |
| Debt / equity | 95.35 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.21 | |
| Sector | -0.07 | |
| Technical | -0.21 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
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.
Risk Metrics
| Beta vs SPX | 0.08 |
|---|---|
| Corr SPX | 0.05 |
| Annual vol | 27.1% |
| Annual ret | +2.3% |
| Sharpe | 0.08 |
| Max DD | -35.4% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $710.60 |
|---|---|
| High / Low | $815.00 / $587.22 |
| Median | $726.00 |
| Analysts | 22 |
| Strong Buy | 4 | |
|---|---|---|
| Buy | 9 | |
| Hold | 11 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-04-23 | UBS | → Buy |
| 2026-04-23 | Citigroup | → Buy |
| 2026-04-22 | Morgan Stanley | → Overweight |
| 2026-04-22 | BTIG | → Buy |
| 2026-04-09 | Jefferies | → Hold |
| 2026-04-02 | Citigroup | → Buy |
Officers & Board
| Director | Graham Robinson since 2021 |
|---|---|
| Director | David Abney since 2020 |
| CEO | Kathy J. Warden since 2019 |
| Director | Kathy J. Warden since 2018 |
| Director | Ann M. Fudge since 2016 |
| Director | Mark Welsh since 2016 |
| Director | Jim Turley since 2015 |
| Director | Marianne C. Brown since 2015 |
| Director | William Hernandez since 2013 |
| Director | Gary Roughead since 2012 |
| Director | Thomas Schoewe since 2011 |
| Director | Karl J. Krapek since 2008 |
| Director | Madeleine Kleiner since 2008 |
| Director | Donald E. Felsinger since 2007 |
| Founder | Leroy Grumman current |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-21 | Earnings Release, Exhibits | read |
| 2026-05-21 | Shareholder Vote | read |
| 2026-04-21 | Earnings Release, Exhibits | read |
| 2026-02-13 | Officer / Director Change, Exhibits | read |
| 2026-01-27 | Earnings Release, Exhibits | read |
| 2025-11-06 | Officer / Director Change, Exhibits | read |
| 2025-10-21 | Earnings Release, Exhibits | read |
| 2025-09-02 | Material Agreement, Exhibits | read |
| 2025-07-22 | Earnings Release, Exhibits | read |
| 2025-05-29 | Material Agreement, Material Obligation… | read |
| 2025-05-28 | Reg FD Disclosure, Exhibits | read |
| 2025-05-23 | Shareholder Vote | read |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 9 |
| Top-5 share | 96.9% |
| HHI | 6,147 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $6.71B | 13.17M |
| Fidelity / FMR LLC | $664.04M | 1.30M |
| Citadel Advisors | $426.85M | 838.09K |
| Capital Research / Capital World | $343.96M | 675.35K |
| AQR Capital Management | $219.01M | 430.01K |
| Millennium Management | $165.32M | 324.59K |
| Renaissance Technologies | $103.58M | 203.38K |
| Bridgewater Associates | $1.57M | 3.09K |
| T. Rowe Price Group | $922.49K | 1.81M |
As of 2026-06-30
Dividends
| Yield (TTM) | 0.90% |
|---|---|
| $ / share (TTM) | $4.62 |
| 5y CAGR | +9.7% |
Annual dividend per share
| 2021 | $6.16 |
|---|---|
| 2022 | $6.76 |
| 2023 | $7.34 |
| 2024 | $8.05 |
| 2025 | $8.99 |
| 2026 | $2.31 |
Federal Contracts
| Amount | Agency | Description |
|---|---|---|
| $11.72B | Department of Defense | GROUND-BASED STRATEGIC DETERRENT (GBSD) ENGINEERING AND MANUFACTURING DEVELOPMEN |
| $10.01B | Department of Defense | 200506!000026!5700!FA8214!OO-ALC/PKME/LMKE !F4261098C0001 !A!N! |
| $8.47B | Department of Defense | E-2D ADVANCED HAWKEYE AIRCRAFT (FRP-7) |
| $5.37B | Department of Defense | E-2D ADVANCED HAWKEYE AIRCRAFT (FRP-2) |
| $4.43B | National Aeronautics and Space Administration | FIRST DDT AND E, ARES I-X, AND FLIGHT TESTS. FIRST STAGE WILL BE A FIVE SEGMENT |
| $4.40B | Department of Defense | — |
| $4.35B | National Aeronautics and Space Administration | THE JAMES WEBB SPACE TELESCOPE (JWST) PHASE 2 OBSERVATORY CONTRACTOR SHALL BE RE |
| $3.23B | Department of Defense | TAS::17 1319::TAS SYSTEM DEVELOPMENT AND DEMONSTRATION |
SEC Filings
The Long Run
FY 2009–2025 · 17 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $41.95B | +1.6% | |
| Operating income | $4.37B | +2.5% | |
| Net income | $4.17B | +15.7% | |
| Cash from ops | $3.88B | +3.8% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $509.10 | $513.23 | $507.01 | $510.52 | 535.40K |
| Sep 24 | $514.65 | $518.81 | $508.43 | $508.98 | 536.90K |
| Sep 23 | $510.46 | $520.80 | $510.07 | $514.42 | 851.90K |
| Sep 22 | $527.15 | $529.00 | $505.75 | $509.86 | 1.00M |
| Sep 21 | $524.49 | $527.03 | $517.47 | $526.66 | 1.08M |
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