PerpEquities

Equity · Industrials

Northrop Grumman (NOC) perpetual futures

NOC perpetual futures on 3 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade NOCUSDT.

Northrop Grumman designs and builds aircraft, spacecraft, defense systems, and advanced technologies for aerospace and defense customers.

$529.99+0.6%NYSE closed
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venue perp mark · Bitget (NOC/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

3/3 live markets
Venues
3
Live markets
3/3
24h volume
$8.7K
Open interest
$131.9KCoverage: 2/3 markets
Best liquidity
$142.7K
Bitget
Tightest spread
+39.6 bps
Gate.io
Highest volume
$8K
Bitget
Settlement mix
USDT · 2/3
Perp/spot vol.
0.00x
Spot volume $666.2M
OI / float
0.00%
Float $75.1B
Spot performance
1D+0.65%
5D+0.58%
1M-6.47%
6M-25.40%
YTD-7.51%
1Y-8.46%

Venue matrix

3 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BitgetTradeNOC/USDTTrading$529.990.0% APR
0.000% every 8h
+59.8 bps$142.7K$8K$67.2KUSDT20x
Gate.ioTradeNOC/USDTTrading$528.530.0% APR
0.000% every 8h
+39.6 bps$21.1$618$64.7KUSDT20x
Helix (Injective)TradeNOC/USDCTrading$524.56+24.1% APR
+0.00275% every 1h
--$81.9-USDC12x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 1 of 3 venues absorb $10k · Typical cost: +120.8 bps

Cheapest execution: Bitget · +120.8 bps

Too thin: Gate.io

No fresh book data: Helix (Injective)

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

NOC

Tightest spread

NOC

Highest volume

NOC

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 2h ago
Market cap
$74.9B
Updated 2h ago
Revenue
$42.9B
Trailing 12 months
Revenue growth
+5%
Next fiscal year
Profit margin
+10.5%
P/E
16.7
Peer P/E 30.1
Free cash flow
$3.6B
Trailing 12 months
More metrics
Net income
$4.5B
Trailing 12 months
P/S
1.7
Peer P/E
30.1
Similar listed perps
Revenue estimate
$44.1B
Next fiscal year
Earnings
2026-10-20
Revenue est. $11.1B · Updated 2h ago
Dividend
$2.47
2026-08-31

Fundamental detail

Annual + quarterly
Latest revenue$42B
Net margin+10.0%
Free cash flow$3.3B
Net debt$15.3B
2020$36.8B
2021$35.7B
2022$36.6B
2023$39.3B
2024$41B
2025$42B
PeriodRevenueGrowthNet incomeFCF
2020$36.8B+9%$3.2B$2.9B
2021$35.7B-3%$7B$2.2B
2022$36.6B+3%$4.9B$1.5B
2023$39.3B+7%$2.1B$2.1B
2024$41B+4%$4.2B$2.6B
2025$42B+2%$4.2B$3.3B
PeriodGross marginOperating marginNet marginROEROA
2020+20.3%+11.0%+8.7%+30.1%+7.2%
2021+20.4%+15.8%+19.6%+54.2%+16.5%
2022+20.4%+9.8%+13.4%+32.0%+11.2%
2023+16.7%+6.5%+5.2%+13.9%+4.4%
2024+20.4%+10.6%+10.2%+27.3%+8.5%
2025+19.8%+10.2%+10.0%+25.1%+8.1%
PeriodCashDebtNet debtCurrent ratio
2020$4.9B$18B$13B1.58
2021$3.5B$16.2B$12.7B1.28
2022$2.6B$16.8B$14.2B1.06
2023$3.1B$17.9B$14.8B1.13
2024$4.4B$20.2B$15.8B1.00
2025$4.4B$19.7B$15.3B1.09
PeriodMarket capEnterprise valueP/SP/E
2020$50.9B$64B1.416.0
2021$62B$74.8B1.78.9
2022$84.5B$98.8B2.317.3
2023$70.9B$85.8B1.834.5
2024$69B$84.8B1.716.5
2025$81.8B$97.2B2.019.6
Q3 2024$10B
Q4 2024$10.7B
Q1 2025$9.5B
Q2 2025$10.4B
Q3 2025$10.4B
Q4 2025$11.7B
Q1 2026$9.9B
Q2 2026$10.9B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$10B+2%$1B$730M
Q4 2024$10.7B0%$1.3B$1.8B
Q1 2025$9.5B-7%$481M-$1.8B
Q2 2025$10.4B+1%$1.2B$637M
Q3 2025$10.4B+4%$1.1B$1.3B
Q4 2025$11.7B+10%$1.4B$3.2B
Q1 2026$9.9B+4%$875M-$1.8B
Q2 2026$10.9B+5%$1.1B$978M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+21.1%+11.2%+10.3%+7.0%+2.1%
Q4 2024+18.1%+10.2%+11.8%+8.3%+2.6%
Q1 2025+16.7%+6.1%+5.1%+3.2%+1.0%
Q2 2025+21.4%+13.8%+11.3%+7.6%+2.4%
Q3 2025+21.4%+11.9%+10.6%+6.9%+2.2%
Q4 2025+19.6%+8.9%+12.2%+8.6%+2.8%
Q1 2026+19.8%+10.0%+8.9%+5.1%+1.7%
Q2 2026+19.5%+10.1%+10.1%+6.1%+2.2%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$3.3B$19.9B$16.6B1.08
Q4 2024$4.4B$20.2B$15.8B1.00
Q1 2025$1.7B$18.5B$16.8B0.94
Q2 2025$1.9B$19.3B$17.4B1.03
Q3 2025$2B$19.3B$17.3B1.09
Q4 2025$4.4B$19.7B$15.3B1.09
Q1 2026$2.1B$17.1B$15B1.14
Q2 2026$2.3B$16.3B$14B1.17
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$77.2B$93.8B7.718.8
Q4 2024$69B$84.8B6.513.5
Q1 2025$74B$90.8B7.838.4
Q2 2025$71.8B$89.3B6.915.3
Q3 2025$87.2B$104.5B8.419.8
Q4 2025$81.5B$96.8B7.014.3
Q1 2026$96.9B$111.9B9.827.7
Q2 2026$72.4B$86.4B6.716.5

Refreshed 2h ago

Charts: revenue, profit, cash flow & valuation
Revenue$10.9BQ2 2026
$2.9B$5.9B$8.8B$11.7BQ3 2023: $9.8BQ4 2023: $10.6BQ1 2024: $10.1BQ2 2024: $10.2BQ3 2024: $10BQ4 2024: $10.7BQ1 2025: $9.5BQ2 2025: $10.4BQ3 2025: $10.4BQ4 2025: $11.7BQ1 2026: $9.9BQ2 2026: $10.9BQ3 2023Q2 2026
Net income$1.1BQ2 2026
-$44.5M$446M$936.5M$1.4BQ3 2023: $937MQ4 2023: -$535MQ1 2024: $944MQ2 2024: $940MQ3 2024: $1BQ4 2024: $1.3BQ1 2025: $481MQ2 2025: $1.2BQ3 2025: $1.1BQ4 2025: $1.4BQ1 2026: $875MQ2 2026: $1.1BQ3 2023Q2 2026
EBITDA$1.7BQ2 2026
$408.5M$1B$1.7B$2.3BQ3 2023: $1.6BQ4 2023: -$229MQ1 2024: $1.5BQ2 2024: $1.6BQ3 2024: $1.7BQ4 2024: $2.1BQ1 2025: $1.1BQ2 2025: $2BQ3 2025: $1.9BQ4 2025: $2.3BQ1 2026: $1.6BQ2 2026: $1.7BQ3 2023Q2 2026
Free cash flow$978MQ2 2026
-$558.5M$706M$2B$3.2BQ3 2023: $869MQ4 2023: $1.6BQ1 2024: -$976MQ2 2024: $1.1BQ3 2024: $730MQ4 2024: $1.8BQ1 2025: -$1.8BQ2 2025: $637MQ3 2025: $1.3BQ4 2025: $3.2BQ1 2026: -$1.8BQ2 2026: $978MQ3 2023Q2 2026
EPS$7.68Q2 2026
-$0.16$3.23$6.61$9.99Q3 2023: $6.18Q4 2023: -$3.54Q1 2024: $6.32Q2 2024: $6.36Q3 2024: $7Q4 2024: $8.66Q1 2025: $3.32Q2 2025: $8.15Q3 2025: $7.67Q4 2025: $9.99Q1 2026: $6.14Q2 2026: $7.68Q3 2023Q2 2026
Cash / Debt$2.3BQ2 2026
$5B$10.1B$15.1B$20.2BQ3 2023 · Cash: $2.1BQ3 2023 · Debt: $17.3BQ4 2023 · Cash: $3.1BQ4 2023 · Debt: $17.9BQ1 2024 · Cash: $3.1BQ1 2024 · Debt: $20BQ2 2024 · Cash: $3.3BQ2 2024 · Debt: $20BQ3 2024 · Cash: $3.3BQ3 2024 · Debt: $19.9BQ4 2024 · Cash: $4.4BQ4 2024 · Debt: $20.2BQ1 2025 · Cash: $1.7BQ1 2025 · Debt: $18.5BQ2 2025 · Cash: $1.9BQ2 2025 · Debt: $19.3BQ3 2025 · Cash: $2BQ3 2025 · Debt: $19.3BQ4 2025 · Cash: $4.4BQ4 2025 · Debt: $19.7BQ1 2026 · Cash: $2.1BQ1 2026 · Debt: $17.1BQ2 2026 · Cash: $2.3BQ2 2026 · Debt: $16.3BQ3 2023Q2 2026
CashDebt
Profitability+19.5%Q2 2026
+1.6%+8.2%+14.8%+21.4%Q3 2023 · Gross margin: +20.9%Q4 2023 · Gross margin: +4.6%Q1 2024 · Gross margin: +21.1%Q2 2024 · Gross margin: +21.4%Q3 2024 · Gross margin: +21.1%Q4 2024 · Gross margin: +18.1%Q1 2025 · Gross margin: +16.7%Q2 2025 · Gross margin: +21.4%Q3 2025 · Gross margin: +21.4%Q4 2025 · Gross margin: +19.6%Q1 2026 · Gross margin: +19.8%Q2 2026 · Gross margin: +19.5%Q3 2023 · Operating margin: +10.4%Q4 2023 · Operating margin: -3.7%Q1 2024 · Operating margin: +10.6%Q2 2024 · Operating margin: +10.7%Q3 2024 · Operating margin: +11.2%Q4 2024 · Operating margin: +10.2%Q1 2025 · Operating margin: +6.1%Q2 2025 · Operating margin: +13.8%Q3 2025 · Operating margin: +11.9%Q4 2025 · Operating margin: +8.9%Q1 2026 · Operating margin: +10.0%Q2 2026 · Operating margin: +10.1%Q3 2023 · Net margin: +9.6%Q4 2023 · Net margin: -5.0%Q1 2024 · Net margin: +9.3%Q2 2024 · Net margin: +9.2%Q3 2024 · Net margin: +10.3%Q4 2024 · Net margin: +11.8%Q1 2025 · Net margin: +5.1%Q2 2025 · Net margin: +11.3%Q3 2025 · Net margin: +10.6%Q4 2025 · Net margin: +12.2%Q1 2026 · Net margin: +8.9%Q2 2026 · Net margin: +10.1%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+5.1%Q2 2026
-2.5%+1.5%+5.6%+9.6%Q3 2024: +2.3%Q4 2024: +0.5%Q1 2025: -6.6%Q2 2025: +1.3%Q3 2025: +4.3%Q4 2025: +9.6%Q1 2026: +4.4%Q2 2026: +5.1%Q3 2023Q2 2026
Shares outstanding142.4MQ2 2026
37.9M75.9M113.8M151.7MQ3 2023: 151.7MQ4 2023: 151.1MQ1 2024: 149.3MQ2 2024: 147.7MQ3 2024: 146.5MQ4 2024: 147.3MQ1 2025: 144.9MQ2 2025: 144MQ3 2025: 143.5MQ4 2025: 142.9MQ1 2026: 142.5MQ2 2026: 142.4MQ3 2023Q2 2026
Valuation16.5Q2 2026
-15.22.720.638.4Q3 2023 · P/E: 17.7Q4 2023 · P/E: -33.1Q1 2024 · P/E: 18.6Q2 2024 · P/E: 17.1Q3 2024 · P/E: 18.8Q4 2024 · P/E: 13.5Q1 2025 · P/E: 38.4Q2 2025 · P/E: 15.3Q3 2025 · P/E: 19.8Q4 2025 · P/E: 14.3Q1 2026 · P/E: 27.7Q2 2026 · P/E: 16.5Q3 2023 · P/S: 6.8Q4 2023 · P/S: 6.6Q1 2024 · P/S: 6.9Q2 2024 · P/S: 6.3Q3 2024 · P/S: 7.7Q4 2024 · P/S: 6.5Q1 2025 · P/S: 7.8Q2 2025 · P/S: 6.9Q3 2025 · P/S: 8.4Q4 2025 · P/S: 7.0Q1 2026 · P/S: 9.8Q2 2026 · P/S: 6.7Q3 2023Q2 2026
P/EP/S
Revenue$42B2025
$10.5B$21B$31.5B$42B2018: $30.1B2019: $33.8B2020: $36.8B2021: $35.7B2022: $36.6B2023: $39.3B2024: $41B2025: $42B20182025
Net income$4.2B2025
$1.8B$3.5B$5.3B$7B2018: $3.2B2019: $2.2B2020: $3.2B2021: $7B2022: $4.9B2023: $2.1B2024: $4.2B2025: $4.2B20182025
EBITDA$7.2B2025
$2.2B$4.4B$6.6B$8.7B2018: $5.1B2019: $4.2B2020: $5.6B2021: $8.7B2022: $7.7B2023: $4.2B2024: $6.8B2025: $7.2B20182025
Free cash flow$3.3B2025
$826.8M$1.7B$2.5B$3.3B2018: $2.6B2019: $3B2020: $2.9B2021: $2.2B2022: $1.5B2023: $2.1B2024: $2.6B2025: $3.3B20182025
EPS$29.12025
$10.9$21.8$32.7$43.52018: $18.52019: $13.22020: $192021: $43.52022: $31.52023: $13.52024: $28.32025: $29.120182025
Cash / Debt$4.4B2025
$5B$10.1B$15.1B$20.2B2018 · Cash: $1.6B2018 · Debt: $14.4B2019 · Cash: $2.2B2019 · Debt: $16.8B2020 · Cash: $4.9B2020 · Debt: $18B2021 · Cash: $3.5B2021 · Debt: $16.2B2022 · Cash: $2.6B2022 · Debt: $16.8B2023 · Cash: $3.1B2023 · Debt: $17.9B2024 · Cash: $4.4B2024 · Debt: $20.2B2025 · Cash: $4.4B2025 · Debt: $19.7B20182025
CashDebt
Profitability+19.8%2025
+5.6%+11.3%+16.9%+22.6%2018 · Gross margin: +22.6%2019 · Gross margin: +21.5%2020 · Gross margin: +20.3%2021 · Gross margin: +20.4%2022 · Gross margin: +20.4%2023 · Gross margin: +16.7%2024 · Gross margin: +20.4%2025 · Gross margin: +19.8%2018 · Operating margin: +12.6%2019 · Operating margin: +11.7%2020 · Operating margin: +11.0%2021 · Operating margin: +15.8%2022 · Operating margin: +9.8%2023 · Operating margin: +6.5%2024 · Operating margin: +10.6%2025 · Operating margin: +10.2%2018 · Net margin: +10.7%2019 · Net margin: +6.6%2020 · Net margin: +8.7%2021 · Net margin: +19.6%2022 · Net margin: +13.4%2023 · Net margin: +5.2%2024 · Net margin: +10.2%2025 · Net margin: +10.0%20182025
Gross marginOperating marginNet margin
Revenue growth+2.2%2025
+0.8%+4.7%+8.6%+12.4%2019: +12.4%2020: +8.7%2021: -3.1%2022: +2.6%2023: +7.3%2024: +4.4%2025: +2.2%20182025
Shares outstanding143.8M2025
43.7M87.3M131M174.6M2018: 174.6M2019: 170M2020: 167.6M2021: 160.9M2022: 155.6M2023: 152M2024: 147.3M2025: 143.8M20182025
Valuation19.62025
8.617.225.934.52018 · P/E: 13.22019 · P/E: 25.92020 · P/E: 16.02021 · P/E: 8.92022 · P/E: 17.32023 · P/E: 34.52024 · P/E: 16.52025 · P/E: 19.62018 · P/S: 1.42019 · P/S: 1.72020 · P/S: 1.42021 · P/S: 1.72022 · P/S: 2.32023 · P/S: 1.82024 · P/S: 1.72025 · P/S: 2.020182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-10-20
Revenue est. $11.1B · Updated 2h ago
Dividend
$2.47
2026-08-31

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202628.94$44.1B+5%15
FY 202730.46$47.1B+12%17
FY 202832.93$50B+19%16
FY 202935.05$52.4B+25%13
FY 203037.82$55.4B+32%13
Q1 20276.62$10.5B+7%5

Company events

6
2026-10-20EarningsActual - / Estimate 7.16-
2026-08-31Dividend$2.47-
2026-07-21EarningsActual 7.68 / Estimate 6.82Beat
2026-06-01Dividend$2.47-
2026-04-21EarningsActual 6.14 / Estimate 6.06Beat
2026-02-23Dividend$2.31-

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering NOC have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings107294
Analysts2127
Buy / hold / sell74 / 33 / 0166 / 122 / 6
Upgrades / downgrades / initiations2 / 1 / 411 / 8 / 9
Price targets hit / missed1 / 92 (1%)75 / 196 (28%)
Avg. return after a rating (TipRanks)-23.7%-9.4%
Best / worst call+4.8% / -35.7%+37.2% / -35.7%

After buy calls on this stock: median 21-day move 0.0% vs S&P 500 -2.0% (n = 163)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Kenneth HerbertRBC Capital100% hit rate on this stock · 8 targets measuredBuytarget $640Jul 21, 2026
  2. Charles MinervinoSusquehanna75% hit rate on this stock · 8 targets measuredBuytarget $655Jul 22, 2026
  3. Kristine LiwagMorgan Stanley69% hit rate on this stock · 13 targets measuredBuytarget $745Jul 22, 2026

Latest ratings

DateAnalystCallTarget
Sep 14, 2026Unknown AnalystGuggenheimBuyInitiated$612
Sep 8, 2026Gavin ParsonsUBSBuyMaintained$704
Sep 9, 2026Gavin ParsonsUBSBuyReiterated$704
Aug 19, 2026Ronald EpsteinBank of America SecuritiesBuyMaintained
Aug 19, 2026Gautam KhannaTD CowenHoldReiterated$590
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$500$550$600$650$700$750Oct 25 · Buy 9 · Hold 6 · Sell 0Oct 25Nov 25 · Buy 10 · Hold 6 · Sell 0Dec 25 · Buy 12 · Hold 6 · Sell 0Dec 25Jan 26 · Buy 11 · Hold 4 · Sell 0Feb 26 · Buy 12 · Hold 5 · Sell 0Feb 26Mar 26 · Buy 13 · Hold 5 · Sell 0Apr 26 · Buy 13 · Hold 6 · Sell 0Apr 26May 26 · Buy 12 · Hold 6 · Sell 0Jun 26 · Buy 11 · Hold 6 · Sell 0Jun 26Jul 26 · Buy 10 · Hold 6 · Sell 0Aug 26 · Buy 10 · Hold 6 · Sell 0Aug 26Sep 26 · Buy 11 · Hold 6 · Sell 0Oct 25 · avg. target $656Nov 25 · avg. target $660Dec 25 · avg. target $659Jan 26 · avg. target $741Feb 26 · avg. target $740Mar 26 · avg. target $745Apr 26 · avg. target $731May 26 · avg. target $708Jun 26 · avg. target $700Jul 26 · avg. target $640Aug 26 · avg. target $641Sep 26 · avg. target $640Oct 25 · month-end close $583Nov 25 · month-end close $572Dec 25 · month-end close $570Jan 26 · month-end close $692Feb 26 · month-end close $724Mar 26 · month-end close $682Apr 26 · month-end close $579May 26 · month-end close $564Jun 26 · month-end close $509Jul 26 · month-end close $542Aug 26 · month-end close $540Sep 26 · month-end close $524

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 107 ratings

Frequently asked questions

Where can I trade NOC perpetual futures?

Northrop Grumman (NOC) perpetual futures trade on 3 crypto venues, including Bitget, Gate.io, Helix (Injective). PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade NOC around the clock?

Yes. Unlike the underlying stock, NOC perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on NOC perpetuals?

Right now the NOC perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to +24.1% across 3 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the NOC perp price compare to the Northrop Grumman stock?

The venue-median NOC perp mark is $528.5 versus a reference stock price of $530, a basis of -0.3%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a NOC perpetual future?

A NOC perpetual is a derivative that tracks the price of Northrop Grumman with no expiry date. It lets you take long or short exposure to Northrop Grumman on crypto venues, around the clock.

What is NOCUSDT perpetual?

NOCUSDT is the symbol most crypto exchanges use for the Northrop Grumman perpetual settled in USDT (Tether). It tracks the NOC share price through an index, trades 24/7 with leverage and never expires.

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Analysts who hit 70%+ of their targets on the perps we track, congress buys over $500k, 13F positions over $5M, funding spreads that have paid for days. Every post shows the evidence. Free, no sign-up.

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