NOC
NORTHROP GRUMMAN CORP /DE/
Other • NYSE • CIK 0001133421
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Market Cap
$68.68B
P/E (TTM)
15.3x
Rev Growth (TTM)
+5.9%
Net Margin (TTM)
10.5%
FCF Yield (TTM)
5.3%
FCF Margin (TTM)
8.5%
Figures as of June 30, 2026
Filings
Primary-source SEC disclosures, read end-to-end — every figure traceable to its filing.
8-KAug 20262026-08-21source
10-Q2026 Q22026-07-21source
8-KEarnings2026-07-21source
8-KMay 20262026-05-21source
10-Q2026 Q12026-04-21source
What your agent reads
Investor Relations
Company-published material — management’s own words, not SEC-audited. Each source below is labeled so your agent knows what to verify.
Company-published, not SEC-audited
Cash Flow Health
Free Cash Flow6/8 positive
TTM$3.6B
Q2 '26
$978.0M+154%
Q1 '26
$-1.8B-156%
FCF Margin
TTM8.5%
Q2 '269.0%+149%
Sector: 2.4%Above Avg
OCF Margin
11.8%
OCF/NI1.13x
CapEx Coverage
3.5x
FCF Yield5.3%
FCF Growth (3Y)+17%
Cash Conversion Cycle
1 days
DSO: 16+DIO: 16−DPO: 31
Cash flow trends & capital efficiency
Capital Allocation
Total Shareholder YieldTTM
TTM-0.6%
Div Yield1.9%
+Buyback (TTM)1.2%
Dividend & Payout Metrics
Dividend Yield (TTM)1.9%
FCF Payout Ratio36.6%
Free Cash Flow (TTM)$3.6B
Stock Repurchases (TTM)$801.0M
Capital Return / FCF-12.2%
Shares Outstanding (YoY)-0.8%↓ Buyback
Est. Dividends Paid (TTM)$1.3B
Shows how management rewards shareholders
Valuation Metrics
Price-to-EarningsTTM
15.3x
Volatile
8Q: 17.6x-103%
Valuation Lenses
Earnings
15.3x
vs – sector
Cash Flow
22.4x
EV/FCF vs –
Growth-Adj
1.0xPEG
Undervalued for growth
Quality-Adj
1.3P/E per %ROIC
ROIC: 12.2%
Shareholder Returns
Dividend
1.9%
Buyback
1.2%
Total Yield
–
Market Cap$68.68B
EV$81.57B
Multi-angle valuation analysis with sector context
Margins & Efficiency
ROIC 75th pctile
Profitability Cascade
Gross
20.1%
Operating
10.7%
Top 25% in sector
Net
10.5%
Margins Unknown
Return on Invested CapitalTTM
12.2%
Stable
+0.0% YoY8Q: 12.5%+1.1%
P25MedianP75
75th pctl (med: 3.0%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
9.2%
8Q: 9.2%
Asset Turnover
0.85x
8Q: 0.85x
Leverage (1+D/E)
1.85x
D/E: 0.85x
DuPont: 14.5% ≈ 12.2% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
4.07x
8Q:3.99x
+13.7%
Invested Cap Turn
1.36x
8Q:1.36x
+2.9%
CapEx Intensity
4.5%
8Q:3.8%
CapEx/Depreciation
0.94x
FCF vs Net Margin Gap-2.0 pts
Margin trends, ROIC, and capital efficiency
Balance Sheet & Solvency
ND/EBITDA 2.1x
Net Debt / EBITDA
2.1xNet Debt: $12.88B
Interest Coverage
7.0x
+Strong interest coverage: 7.0x
Leverage Metrics
Debt-to-Equity
0.85x
Balance sheet risk & solvency analysis
Related Research
2 related posts