NORTHROP GRUMMAN CORP /DE/ (NOC) Factsheet
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NORTHROP GRUMMAN CORP /DE/ (NOC) Stock Analysis
Analysis from 10-Q filed 2026-10-20. Data as of Q3 2026.
Overall Grade: F (Concerning)
Grade F (Concerning). ROIC 12.2%. FCF margin 8.8%. D/E 0.8x. Source: 10-Q filed 2026-10-20.
| Metric | Value | Context |
|---|---|---|
| ROIC | 12.2% | Solid returns |
| FCF Margin | 8.8% | Healthy cash flow |
| Debt/Equity | 0.8x | Moderate leverage |
ROIC 12.2% — Top 25% of sector peers. FCF margin 8.8% — Top 50%.
Explore NORTHROP GRUMMAN CORP /DE/: Earnings History | Overview
Programmatic access: Available via MCP at mcp.metricduck.com. Tools for NOC: get_company_overview, get_filing_index (lens: debt_stress, management_outlook, risk_trajectory), get_filing_section, get_metric_history, compare_companies, screen_filing_signals.
Profitability: NORTHROP GRUMMAN CORP /DE/ earns 12.2% ROIC, Top 25% in Other
ROIC TTM 12.2%, sector median 5.3%, Top 25%. DuPont: NOPAT margin 9.2% × asset turnover 0.9x. Gross margin 20.0%. Operating margin 10.6%. Source: 10-Q filed 2026-10-20.
| Metric | NOC | Rating | Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 12.2% | Good | Above sector median of 5.3% |
| Return on Equity (ROE) | 26.2% | Excellent | Efficient use of shareholder equity |
| Gross Margin | 20.0% | Adequate | Competitive pricing environment |
| Operating Margin | 10.6% | Good | Moderate operational efficiency |
Cash Flow: NORTHROP GRUMMAN CORP /DE/ generates $3.8B FCF at 8.8% margin, positive NaN/8 quarters
FCF TTM $3.8B. FCF margin 8.8%, Top 50%. OCF/Net income 1.2x. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2026-10-20.
| Metric | NOC | Rating | Context |
|---|---|---|---|
| Free Cash Flow Margin | 8.8% | Adequate | Healthy cash generation |
| Free Cash Flow (TTM) | $3.8B | Good | Positive cash generation |
| OCF/Net Income | 1.2x | Excellent | High earnings quality |
| FCF Consistency (8Q) | N/A | Warning | Variable cash flow |
Balance Sheet: NORTHROP GRUMMAN CORP /DE/ at 0.8x leverage, 7.1x interest coverage
Debt/Equity 0.8x. Total debt $15.2B, cash & investments $3.7B. Interest coverage 7.1x. Source: 10-Q filed 2026-10-20.
| Metric | NOC | Rating | Context |
|---|---|---|---|
| Debt to Equity | 0.8x | Adequate | Moderate leverage |
| Net Cash Position | $-11.5B | Warning | Net debt position |
| Interest Coverage | 7.1x | Good | Comfortable debt service |
Valuation: NORTHROP GRUMMAN CORP /DE/ trades at 17.3x earnings
P/E 17.3x. EV/Sales 2.1x. FCF yield 4.9%. Dividend yield 1.7%. Source: 10-Q filed 2026-10-20.
| Metric | NOC | Rating | Context |
|---|---|---|---|
| P/E Ratio | 17.3x | Adequate | Reasonable valuation |
| EV/Sales | 2.1x | Good | Attractive revenue multiple |
| FCF Yield | 4.9% | Good | Lower cash yield |
| Dividend Yield | 1.7% | Adequate | Growth focus over income |
Capital Allocation: NORTHROP GRUMMAN CORP /DE/ returns 4.9% shareholder yield, reducing shares 0.5% YoY
Total shareholder yield 4.9% (div 1.7% + buyback 0.7%). Share count -0.5% YoY. Capital returned $3.8B TTM. Source: 10-Q filed 2026-10-20.
| Metric | NOC | Rating | Context |
|---|---|---|---|
| Total Shareholder Yield | 4.9% | Good | Dividend + buyback yield combined |
| Buyback Yield | 0.7% | Adequate | Minimal buyback activity |
| Share Count Change (YoY) | -0.5% | Adequate | Net share reduction (accretive) |
| Total Capital Returned (TTM) | $3.8B | Good | Dividends + buybacks returned to shareholders |
Sector Rankings
| Metric | Value | Percentile | vs Median |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 12.2% | Top 25% | 2.3x above |
| Free Cash Flow Margin | 8.8% | Top 50% | 4.4x above |
| Gross Margin | 20.0% | Bottom 50% | 0.7x below |
| Operating Margin | 10.6% | Top 50% | 1.3x above |
| Return on Equity (ROE) | 26.2% | Top 5% | 4.3x above |
| P/E Ratio | 17.3x | N/A | - |
Financial Scorecard
| Metric | NOC | Rating | Sector Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 12.2% | Good | Top 25% of sector (median: 5.3%) |
| Free Cash Flow Margin | 8.8% | Adequate | Top 50% of sector (median: 2.0%) |
| Gross Margin | 20.0% | Adequate | Bottom 50% of sector (median: 29.1%) |
| Debt to Equity Ratio | 81.3% | Adequate | Elevated but manageable |
| P/E Ratio (Price-to-Earnings) | 17.3x | Adequate | Fair value |
| Free Cash Flow Yield | 4.9% | Adequate | Moderate yield |
Frequently Asked Questions
Q: What is NORTHROP GRUMMAN CORP /DE/'s Return on Invested Capital (ROIC)?
NORTHROP GRUMMAN CORP /DE/ (NOC) has a trailing twelve-month Return on Invested Capital (ROIC) of 12.2%. The 8-quarter median ROIC is 12.8% with a improving trend. Sector median 5.3%. Source: 10-Q filed 2026-10-20.
Q: What is NORTHROP GRUMMAN CORP /DE/'s Free Cash Flow Margin?
NORTHROP GRUMMAN CORP /DE/ (NOC) has a free cash flow margin of 8.8%, generating $3.8 billion in free cash flow over the trailing twelve months. Source: 10-Q filed 2026-10-20.
Q: What is NORTHROP GRUMMAN CORP /DE/'s P/E ratio and how does it compare to peers?
NORTHROP GRUMMAN CORP /DE/ (NOC) trades at a P/E ratio of 17.3x, which is above the sector median of N/A. EV/Sales 2.1x. FCF yield 4.9%. Source: 10-Q filed 2026-10-20.
Q: Does NORTHROP GRUMMAN CORP /DE/ pay a dividend?
NORTHROP GRUMMAN CORP /DE/ (NOC) currently pays a dividend yield of 1.7%. Total shareholder yield (dividend + buybacks) 4.9%. Source: 10-Q filed 2026-10-20.
Q: How much debt does NORTHROP GRUMMAN CORP /DE/ have?
NORTHROP GRUMMAN CORP /DE/ (NOC) has a debt-to-equity ratio of 0.8x with total debt of $15.2 billion. Interest coverage 7.1x. Net debt $11.5 billion. Source: 10-Q filed 2026-10-20.
Q: What is NORTHROP GRUMMAN CORP /DE/'s revenue and earnings growth?
NORTHROP GRUMMAN CORP /DE/ (NOC) grew revenue by 6.5% year-over-year. EPS +14.0% YoY. Source: 10-Q filed 2026-10-20.
Q: Is NORTHROP GRUMMAN CORP /DE/ buying back stock?
NORTHROP GRUMMAN CORP /DE/ (NOC) repurchased $524.0 million of stock over the trailing twelve months. This represents a buyback yield of 0.7%. Share count -0.5% YoY. Source: 10-Q filed 2026-10-20.
Q: How does NORTHROP GRUMMAN CORP /DE/ compare to competitors in Other?
Compared to other companies in Other, NORTHROP GRUMMAN CORP /DE/ (NOC) shows: ROIC 12.2%, sector median 5.3% (Top 25%). FCF margin 8.8%, sector median 2.0% (Top 50%). Gross margin 20.0%, 9.0pp below sector median. These rankings are based on MetricDuck's analysis of all Other companies with available SEC filings.
Q: What warning signs should I watch for with NORTHROP GRUMMAN CORP /DE/?
No quantitative warning flags fired for NORTHROP GRUMMAN CORP /DE/ (NOC) on margin trend, FCF trend, ROIC trend, or leverage thresholds. Source: 10-Q filed 2026-10-20.
Data Source: Data sourced from 10-Q filed 2026-10-20. TTM metrics as of Q3 2026.
Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.
Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.
This analysis is for informational purposes only and does not constitute investment advice.
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