Is Northrop Grumman (NOC) overvalued or fairly valued?

MarketChacha shows Northrop Grumman's valuation in context — a trailing P/E of about 18.0, a forward P/E of about 17.6, a price-to-book of about 4.3 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Northrop Grumman's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.25×) from reported figures — education, not a rating.

What is Northrop Grumman's revenue?

Northrop Grumman reported revenue of $42.0B for FY2025, with net profit of $4.2B, per official filings.

What is the share price of Northrop Grumman (NOC)?

Northrop Grumman last traded at $534.00 (+4.6% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Northrop Grumman

NOC · NYSE · Industrials · United States

Snapshot

TickerNOC

ExchangeNYSE

SectorIndustrials

IndustryAerospace & Defense

CountryUnited States

Employees95,000

HeadquartersFalls Church, United States

Websitewww.northropgrumman.com

Filings tracked13

About Northrop Grumman

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.

Who owns it

Insiders0.3%
Institutions84.6%
Public & other15.1%

2,228 institutional holders

Ownership breakdown from public market data.

Top holders

State Street Corporation9.27%
Blackrock Inc.8.30%
Vanguard Capital Management LLC6.33%
Capital International Investors4.12%
Capital World Investors3.56%
Wellington Management Group, LLP3.47%
Vanguard Portfolio Management LLC2.53%
Morgan Stanley2.51%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.25×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend5.2% → 10.0%

Margin has expanded by about 4.7 points — the business is getting more profitable.

Return on equity25.1%

Latest ROE of 25.1% — capital is generating a healthy return.

Growth qualityrev 3% · PAT 43%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $10.5B · EPS 6.57

Est. earnings growth +7.0%

Next fiscal year

Rev $47.0B · EPS 30.37

Est. earnings growth +4.2%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$42.0B

Net margin

10.0%

ROE

25.1%

Revenue CAGR (2y)

+3.3%

Profit CAGR (2y)

+42.6%

EPS (FY2025)

29.08

Net profit (FY2025)

$4.2B

Ask MarketChacha about NOC

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$42.0B	$4.2B	29.08	10.0%	25.1%
FY2024	$41.0B	$4.2B	28.34	10.2%	27.3%
FY2023	$39.3B	$2.1B	13.53	5.2%	13.9%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$10.9B	$1.1B	7.68	10.1%
2026Q1	$9.9B	$875.0M	6.14	8.9%
2025Q3	$10.4B	$1.1B	7.67	10.6%
2025Q2	$10.4B	$1.2B	8.15	11.3%
2025Q1	$9.5B	$481.0M	3.32	5.1%
2024Q3	$10.0B	$1.0B	7.00	10.3%
2024Q2	$10.2B	$940.0M	6.36	9.2%
2024Q1	$10.1B	$944.0M	6.32	9.3%
2023Q3	$9.8B	$937.0M	6.18	9.6%
2023Q2	$9.6B	$812.0M	5.34	8.5%
2023Q1	$9.3B	$842.0M	5.50	9.1%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Executive/director change
SEC8/21/2026material
8-K — Results of operations, Exhibits
SEC7/21/2026material
10-Q filing
SEC7/21/2026
8-K — Shareholder vote results
SEC5/21/2026material
8-K — Results of operations, Exhibits
SEC4/21/2026material
10-Q filing
SEC4/21/2026
8-K — Executive/director change, Exhibits
SEC2/13/2026material
8-K — Results of operations, Exhibits
SEC1/27/2026material
10-K filing
SEC1/27/2026

2025

8-K — Executive/director change, Exhibits
SEC11/6/2025material
8-K — Results of operations, Exhibits
SEC10/21/2025material
10-Q filing
SEC10/21/2025
8-K — Material agreement, Exhibits
SEC9/2/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.