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NORTHROP GRUMMAN CORP /DE/ NOC

NYSE · stock · Search, Detection, Navigation, Guidance, Aeronautical Sys · website · IPO 1951-12-10

NORTHROP GRUMMAN CORP /DE/ statistics & valuation

Market cap$71.0B
P / E17.0×
P / S1.7×
P / B4.3×
P / FCF21.5×
Dividend yield1.82%
Net margin10.0%
Return on equity25.1%
FCF margin7.9%
Net debt$11.3B
Net debt / EBITDA1.9×
Enterprise value USD$82.3B
EV / EBITDA13.8×
Earnings yield EBIT/EV5.5%
Return on capital12%
Graham number -52.3%$275.44

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($275.44); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
8.30% 11.00% 10.70% 6.60% 8.70% 19.60% 13.40% 5.20% 10.20% 10.00% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
13.30% 12.40% 12.60% 11.70% 11.00% 15.80% 9.80% 6.50% 10.60% 10.80% 2016201720182019202020212022202320242025
Return on equity (%)
38.10% 40.20% 39.40% 25.50% 30.10% 54.20% 32.00% 13.90% 27.30% 25.10% 2016201720182019202020212022202320242025
Shares outstanding
180.5M 175.6M 174.6M 170.0M 167.6M 160.9M 155.6M 152.0M 147.3M 143.8M 2016201720182019202020212022202320242025
Net debt ($)
$4.53B $4.04B $12.82B $11.63B $10.10B $9.25B $10.30B $10.75B $11.92B $11.29B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
8.00% 8.20% 8.60% 5.50% 7.20% 16.50% 11.20% 4.40% 8.50% 8.10% 2016201720182019202020212022202320242025
Free cash flow margin (%)
7.70% 6.50% 8.60% 9.00% 7.80% 6.00% 4.00% 5.30% 6.40% 7.90% 2016201720182019202020212022202320242025
Debt / equity (×)
1.32× 2.14× 1.76× 1.57× 1.42× 0.99× 0.84× 0.94× 1.06× 0.94× 2016201720182019202020212022202320242025
EPS ($)
$11.32 $16.34 $18.49 $13.22 $19.03 $43.54 $31.47 $13.53 $28.34 $29.08 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

NORTHROP GRUMMAN CORP /DE/ trades at about 19.9× earnings — near its 10-year norm (10-year range 8.5×–33×, median 20.2×).

8.5× 33×

Shaded band = 10-year range (8.5×–33×); dot = today's 19.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin10.8%10.6%6.5%9.8%15.8%11.0%11.7%12.6%12.4%13.3%
Net margin10.0%10.2%5.2%13.4%19.6%8.7%6.6%10.7%11.0%8.3%
FCF margin7.9%6.4%5.3%4.0%6.0%7.8%9.0%8.6%6.5%7.7%
Return on assets8.1%8.5%4.4%11.2%16.5%7.2%5.5%8.6%8.2%8.0%
Return on equity25.1%27.3%13.9%32.0%54.2%30.1%25.5%39.4%40.2%38.1%
Debt / equity0.94×1.06×0.94×0.84×0.99×1.42×1.57×1.76×2.14×1.32×
Current ratio1.101.011.151.081.301.601.131.172.341.22

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.