Northrop Grumman Corporation (NOC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 9.88B | 11.71B | 10.42B | 10.35B | 9.47B | 10.69B | 10B | 10.22B | 10.13B | 10.64B | 9.78B | 9.58B | 9.3B | 10.03B | 8.97B | 8.8B | 8.8B | 8.64B | 8.72B | 9.15B |
| Revenue Growth % | 4.36% | 9.6% | 4.27% | 1.3% | -6.56% | 0.45% | 2.26% | 6.7% | 8.95% | 6.03% | 8.96% | 8.81% | 5.73% | 16.14% | 2.88% | -3.82% | -3.93% | -15.4% | -4% | 3.01% |
| Cost of Goods Sold | 7.92B | 9.42B | 8.2B | 8.14B | 7.89B | 8.75B | 7.89B | 8.03B | 8B | 10.15B | 7.73B | 7.54B | 7.32B | 8.21B | 7.15B | 6.84B | 6.92B | 7.09B | 6.79B | 7.11B |
| COGS % of Revenue | 80.16% | 80.4% | 78.63% | 78.65% | 83.31% | 81.92% | 78.93% | 78.56% | 78.95% | 95.44% | 79.12% | 78.7% | 78.66% | 81.82% | 79.73% | 77.74% | 78.71% | 82.05% | 77.82% | 77.67% |
| Gross Profit | 1.96B | 2.3B | 2.23B | 2.21B | 1.58B | 1.93B | 2.11B | 2.19B | 2.13B | 485M | 2.04B | 2.04B | 1.99B | 1.82B | 1.82B | 1.96B | 1.87B | 1.55B | 1.93B | 2.04B |
| Gross Margin % | 19.84% | 19.6% | 21.37% | 21.35% | 16.69% | 18.08% | 21.07% | 21.44% | 21.05% | 4.56% | 20.88% | 21.3% | 21.34% | 18.18% | 20.27% | 22.26% | 21.29% | 17.95% | 22.18% | 22.33% |
| Gross Profit Growth % | 24.05% | 18.84% | 5.75% | 0.87% | -25.93% | 298.35% | 3.18% | 7.4% | 7.46% | -73.41% | 12.27% | 4.13% | 5.98% | 17.6% | -6% | -4.11% | 7.64% | -25.79% | 5.11% | 11.88% |
| Operating Expenses | 971M | 1.26B | 985M | 785M | 1.01B | 843M | 986M | 1.1B | 1.06B | 878M | 1.02B | 1.07B | 1.04B | 918M | 974M | 1B | 976M | 809M | 891M | 999M |
| OpEx % of Revenue | 9.83% | 10.72% | 9.45% | 7.58% | 10.64% | 7.89% | 9.86% | 10.78% | 10.48% | 8.25% | 10.49% | 11.21% | 11.16% | 9.15% | 10.86% | 11.42% | 11.09% | 9.36% | 10.22% | 10.92% |
| Selling, General & Admin | 971M | 1.02B | 849M | 879M | 877M | 247M | 818M | 934M | 894M | 1.17B | 893M | 940M | 906M | 690M | 598M | 628M | 600M | 1.91B | 524M | 632M |
| SG&A % of Revenue | 9.83% | 8.75% | 8.15% | 8.49% | 9.26% | 2.31% | 8.18% | 9.14% | 8.82% | 10.97% | 9.14% | 9.82% | 9.74% | 6.88% | 6.67% | 7.14% | 6.82% | 22.16% | 6.01% | 6.91% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 1.1B | 0 | 0 | 0 | 1.2B | 0 | 0 | 0 | 1.2B | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | 10.29% | - | - | - | 11.28% | - | - | - | 11.96% | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 1000K | 1000K | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K |
| Operating Income | 989M | 1.04B | 1.24B | 1.43B | 573M | 1.09B | 1.12B | 1.09B | 1.07B | -393M | 1.02B | 967M | 947M | 906M | 844M | 954M | 897M | 742M | 1.04B | 1.04B |
| Operating Margin % | 10.01% | 8.88% | 11.92% | 13.77% | 6.05% | 10.19% | 11.2% | 10.67% | 10.57% | -3.69% | 10.39% | 10.1% | 10.18% | 9.03% | 9.41% | 10.84% | 10.2% | 8.59% | 11.96% | 11.41% |
| Operating Income Growth % | 72.6% | -4.5% | 10.89% | 30.73% | -46.5% | 377.1% | 10.24% | 12.72% | 13.09% | -143.38% | 20.38% | 1.36% | 5.57% | 22.1% | -19.08% | -8.62% | -68.21% | -35.59% | 5.89% | 5.03% |
| EBITDA | 1.36B | 1.45B | 1.62B | 1.77B | 910M | 1.5B | 1.45B | 1.42B | 1.37B | 7M | 1.33B | 1.29B | 1.25B | 1.29B | 1.17B | 1.28B | 1.2B | 1.07B | 1.36B | 1.34B |
| EBITDA Margin % | 13.77% | 12.35% | 15.55% | 17.15% | 9.61% | 14.07% | 14.52% | 13.86% | 13.52% | 0.07% | 13.64% | 13.47% | 13.39% | 12.84% | 13.05% | 14.59% | 13.64% | 12.42% | 15.56% | 14.69% |
| EBITDA Growth % | 49.56% | -3.79% | 11.72% | 25.35% | -33.58% | 21371.43% | 8.85% | 9.77% | 10.04% | -99.46% | 13.83% | 0.47% | 3.75% | 20.04% | -13.71% | -4.46% | -61.49% | -28.32% | 4.22% | 3.23% |
| D&A (Non-Cash Add-back) | 372M | 406M | 379M | 350M | 337M | 414M | 331M | 326M | 299M | 400M | 317M | 323M | 298M | 382M | 327M | 330M | 303M | 331M | 314M | 300M |
| EBIT | 1.19B | 1.92B | 1.48B | 1.6B | 734M | 1.71B | 1.35B | 1.26B | 1.24B | -629M | 1.26B | 1.13B | 1.13B | 2.51B | 1.22B | 1.33B | 1.27B | 3.48B | 1.41B | 1.44B |
| Net Interest Income | -162M | -175M | -161M | -173M | -156M | -160M | -161M | -154M | -146M | -128M | -141M | -147M | -129M | -120M | -122M | -131M | -133M | -133M | -132M | -136M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 162M | 175M | 161M | 173M | 156M | 160M | 161M | 154M | 146M | 128M | 141M | 147M | 129M | 120M | 122M | 131M | 133M | 133M | 132M | 136M |
| Other Income/Expense | 41M | 700M | 81M | 2M | 5M | 462M | 68M | 56M | 60M | -364M | 102M | 20M | 51M | 1.55B | 246M | 196M | 247M | 2.6B | 232M | 258M |
| Pretax Income | 1.03B | 1.74B | 1.32B | 1.43B | 578M | 1.55B | 1.19B | 1.15B | 1.13B | -757M | 1.12B | 987M | 998M | 2.45B | 1.09B | 1.15B | 1.14B | 3.35B | 1.27B | 1.3B |
| Pretax Margin % | 10.42% | 14.86% | 12.69% | 13.79% | 6.1% | 14.51% | 11.88% | 11.22% | 11.16% | -7.12% | 11.44% | 10.31% | 10.73% | 24.44% | 12.15% | 13.07% | 13% | 38.72% | 14.62% | 14.23% |
| Income Tax | 155M | 313M | 223M | 253M | 97M | 287M | 162M | 206M | 187M | -222M | 181M | 175M | 156M | 372M | 175M | 204M | 189M | 635M | 212M | 265M |
| Effective Tax Rate % | 15.05% | 17.99% | 16.86% | 17.73% | 16.78% | 18.5% | 13.64% | 17.98% | 16.53% | 29.33% | 16.19% | 17.73% | 15.63% | 15.17% | 16.06% | 17.74% | 16.52% | 18.98% | 16.63% | 20.35% |
| Net Income | 875M | 1.43B | 1.1B | 1.17B | 481M | 1.26B | 1.03B | 940M | 944M | -535M | 937M | 812M | 842M | 2.08B | 915M | 946M | 955M | 2.71B | 1.06B | 1.04B |
| Net Margin % | 8.86% | 12.18% | 10.55% | 11.34% | 5.08% | 11.83% | 10.26% | 9.2% | 9.32% | -5.03% | 9.59% | 8.48% | 9.05% | 20.73% | 10.2% | 10.75% | 10.86% | 31.37% | 12.19% | 11.33% |
| Net Income Growth % | 81.91% | 12.9% | 7.21% | 24.89% | -49.05% | 336.26% | 9.5% | 15.76% | 12.11% | -125.72% | 2.4% | -14.16% | -11.83% | -23.25% | -13.92% | -8.78% | -56.49% | 721.21% | 7.81% | 3.18% |
| Net Income (Continuing) | 875M | 1.43B | 1.1B | 1.17B | 481M | 1.26B | 1.03B | 940M | 944M | -535M | 937M | 812M | 842M | 2.08B | 915M | 946M | 955M | 2.71B | 1.06B | 1.04B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 6.14 | 9.99 | 7.67 | 8.15 | 3.32 | 8.66 | 7.00 | 6.36 | 6.32 | -3.54 | 6.18 | 5.34 | 5.50 | 13.46 | 5.89 | 6.06 | 6.10 | 16.90 | 6.63 | 6.42 |
| EPS Growth % | 84.94% | 15.36% | 9.57% | 28.14% | -47.47% | 344.63% | 13.27% | 19.1% | 14.91% | -126.3% | 4.92% | -11.88% | -9.84% | -20.36% | -11.16% | -5.61% | -54.58% | 753.54% | 12.56% | 6.82% |
| EPS (Basic) | 6.16 | 9.99 | 7.69 | 8.17 | 3.33 | 8.66 | 7.02 | 6.37 | 6.34 | -3.54 | 6.20 | 5.35 | 5.52 | 13.58 | 5.92 | 6.09 | 6.12 | 16.96 | 6.65 | 6.44 |
| Diluted Shares Outstanding | 142.5M | 142.9M | 143.5M | 144M | 144.9M | 147.3M | 146.5M | 147.7M | 149.3M | 151.1M | 151.7M | 152.2M | 153.2M | 154.5M | 155.3M | 156M | 156.6M | 160.4M | 160.4M | 161.5M |
| Basic Shares Outstanding | 142.1M | 142.9M | 143.1M | 143.7M | 144.6M | 147M | 146.2M | 147.5M | 148.9M | 151.1M | 151.2M | 151.7M | 152.6M | 153.16M | 154.6M | 155.4M | 156M | 159.8M | 159.8M | 161M |
| Dividend Payout Ratio | 38.06% | 23.06% | 30% | 28.28% | 62.79% | 23.66% | 29.34% | 32.23% | 29.98% | - | 29.88% | 34.98% | 32.07% | 12.79% | 29.18% | 28.33% | 26.28% | 9.08% | 23.61% | 23.92% |