NORTHROP GRUMMAN CORP /DE/ · Search, Detection, Navigation, Guidance, Aeronautical Sys

NOC

Low riskNext report: Around Jan 26, 2027 (est.)

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The short version

A high-quality, profitable business with steady sales.

Going well

Profitable every year for 10 years
Brings in more cash than it spends
Buying back shares: share count down 7.6% in 3 years

Money moves

No insider buying or selling in the last 30 days
Institutions added 0.4% to their holdings in the quarter ending June 2026 (814 bought, 832 sold)
Held by George Soros (Soros Fund), Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$565.62+2.6% that day

Company value: $80.4B; Share price times all shares
Price vs profit (P/E): 17.9x; You pay about $18 for each $1 of yearly profit
Price vs sales: 1.8x; Company value is 1.8 times a year of sales
Dividend yield: 1.6%; Yearly dividend as a share of today's price
Cash vs value: 5%; Cash as a share of company value
Debt vs value: 20%; Debt as a share of company value

From NOC's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Sep '26

$11.1B+6.7% vs a year earlier

Dec '23Tap a barSep '26

Last 12 months: $43.6B, up 6.5% from the 12 months before. Over 5 years, sales grew about 2.7% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of NOC. Starting points are the company's recent numbers.

Sales growth+7% a yearRecently: +6.5% a yearProfit margin10%Last 12 months: 10.4%P/E at the end18xToday: 17.9x. Many steady companies trade at 12x to 25xShare count change-3% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$61.1B

Profit in 5 years$6.1B

Price these guesses point to$902.08+59% vs $565.62 todayAbout +9.8% a year, before dividends

What today's price needs: with a 10% margin and a 18x P/E, sales could shrink about 2.5% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

5/6Strong

PassReturn on equity 15%+Earns a lot on the money owners have in the business.26.2%
MissDebt under half of equityNot relying on borrowed money.0.94x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.10.0%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$3.3B
PassShare count not growingNot diluting owners. Falling means buybacks.-7.6% in 3 years

Revenue: $42.0B; +2.2% vs prior year
5-year growth: +2.7%/yr; revenue, per year
Total debt: $15.7B; 0.94x equity
Current ratio: 1.10x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.