Northrop Grumman (NOC) balance sheet

NYSE · Industrials · Aerospace & Defense · 95,000 employees · CEO Kathy J. Warden

Price: $557.54 -0.86%
Market cap: $79.2B
Enterprise value: $92.1B
Last report: Q3 '26 filed 2026-10-20
Next report: 2027-01-26 EPS est. $7.96

At the end of Q3 '26 Northrop Grumman (NOC) held $3.74B in cash and short-term investments against $16.6B of debt incl. leases. Total assets $52.5B, total liabilities $33.8B, shareholders' equity $18.7B.

Balance sheet

Balance sheet	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Assets
Cash & equivalents	$3.11B	$3.06B	$3.27B	$3.33B	$4.35B	$1.69B	$1.9B	$1.96B	$4.4B	$2.09B	$2.31B	$3.74B
Receivables	$8.65B	$9.58B	$8.71B	$8.53B	$7.7B	$8.66B	$9.33B	$9.8B	$8.84B	$10.5B	$10.3B	$9.98B
Inventory	$1.11B	$1.37B	$1.5B	$1.65B	$1.46B	$1.58B	$1.55B	$1.62B	$1.31B	$1.45B	$1.42B	$1.36B
Other current assets	$635M	$575M	$568M	$628M	$583M	$1.17B	$1.07B	$550M	$543M	$571M	$1.6B	$1.89B
Current assets	$13.5B	$14.6B	$14.1B	$14.1B	$14.1B	$13.1B	$13.9B	$13.9B	$15.1B	$14.6B	$15.6B	$17B
Property, plant & equipment (net)	$11.5B	$11.5B	$11.6B	$11.9B	$12.3B	$12.3B	$12.3B	$12.3B	$12.8B	$12.2B	$12.2B	$12.6B
Long-term investments	$339M	$343M	$339M	$361M	$347M	$349M	$413M	$516M	$483M	$492M	$0	$0
Goodwill	$17.5B	$17.5B	$17.5B	$17.5B	$17.5B	$17.4B	$17.4B	$17.4B	$17.4B	$17.4B	$17.4B	$17.4B
Intangible assets	$305M	$290M	$282M	$268M	$254M	$242M	$231M	$220M	$208M	$0	$0	$0
Deferred tax assets	$1.02B	$1.12B	$1.25B	$1.41B	$1.6B	$1.63B	$1.71B	$1.26B	$1.05B	$743M	$598M	$488M
Other non-current assets	$2.19B	$2.51B	$2.63B	$2.55B	$3.25B	$3.36B	$3.49B	$3.63B	$4.27B	$4.59B	$4.94B	$4.95B
Non-current assets	$32.8B	$33.2B	$33.6B	$34B	$35.3B	$35.2B	$35.6B	$35.4B	$36.3B	$35.4B	$35.2B	$35.5B
Total assets	$46.5B	$47.8B	$47.7B	$48.3B	$49.4B	$48.5B	$49.5B	$49.3B	$51.4B	$50B	$50.8B	$52.5B
Liabilities
Accounts payable	$2.11B	$2.58B	$2.35B	$2.52B	$2.6B	$2.5B	$2.59B	$2.8B	$3.24B	$2.68B	$2.9B	$3.28B
Accrued expenses	$2.25B	$1.7B	$1.9B	$1.92B	$2.27B	$1.6B	$1.86B	$1.95B	$2.31B	$1.73B	$1.99B	$2.04B
Short-term debt	$370M	$1.58B	$1.59B	$1.59B	$1.91B	$605M	$551M	$533M	$865M	$758M	$0	$0
Deferred revenue	$4.19B	$3.53B	$3.29B	$3.16B	$4.07B	$3.71B	$4B	$3.56B	$4.09B	$3.7B	$3.82B	$3.84B
Other current liabilities	$3.02B	$3.74B	$3.77B	$3.91B	$3.28B	$5.56B	$4.46B	$3.88B	$3.38B	$3.95B	$4.64B	$4.6B
Current liabilities	$11.9B	$13.1B	$12.9B	$13.1B	$14.1B	$14B	$13.5B	$12.7B	$13.9B	$12.8B	$13.3B	$13.8B
Long-term debt	$15.7B	$16.6B	$16.6B	$16.5B	$16.5B	$16B	$17B	$17B	$17B	$14.4B	$14.4B	$14.4B
Lease obligations (non-current)	$1.89B	$1.83B	$1.87B	$1.82B	$1.8B	$1.85B	$1.81B	$1.8B	$1.86B	$1.91B	$1.86B	$2.2B
Other non-current liabilities	$2.24B	$2.06B	$2.02B	$2.11B	$1.65B	$1.64B	$1.75B	$1.84B	$1.95B	$3.76B	$3.25B	$3.43B
Non-current liabilities	$19.8B	$20.5B	$20.5B	$20.4B	$19.9B	$19.5B	$20.5B	$20.6B	$20.8B	$20.1B	$19.5B	$20.1B
Total liabilities	$31.7B	$33.6B	$33.4B	$33.5B	$34.1B	$33.5B	$34B	$33.3B	$34.7B	$32.9B	$32.9B	$33.8B
Equity
Common stock & paid-in capital	$150M	$148M	$146M	$146M	$145M	$144M	$143M	$143M	$142M	$142M	$142M	$142M
Retained earnings	$14.8B	$14.2B	$14.3B	$14.7B	$15.3B	$15B	$15.5B	$16B	$16.7B	$17.1B	$17.8B	$18.6B
Accumulated other comprehensive income	-$128M	-$143M	-$146M	-$136M	-$152M	-$142M	-$124M	-$123M	-$126M	-$131M	-$134M	-$132M
Shareholders' equity	$14.8B	$14.2B	$14.3B	$14.7B	$15.3B	$15B	$15.5B	$16B	$16.7B	$17.1B	$17.9B	$18.7B
Debt
Total debt (incl. leases)	$17.9B	$20B	$20B	$19.9B	$20.2B	$18.5B	$19.3B	$19.3B	$19.7B	$17.1B	$16.3B	$16.6B
Net debt (debt - cash)	$14.8B	$16.9B	$16.8B	$16.6B	$15.8B	$16.8B	$17.4B	$17.3B	$15.3B	$15B	$14B	$12.9B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	$2.54B	$11.2B	$1.58B	$2.25B	$4.91B	$3.53B	$2.58B	$3.11B	$4.35B	$4.4B
Receivables	$3.3B	$4.52B	$6.47B	$6.66B	$6.64B	$6.96B	$7.49B	$8.65B	$7.7B	$8.84B
Inventory	$816M	$780M	$654M	$783M	$759M	$811M	$978M	$1.11B	$1.46B	$1.31B
Other current assets	$200M	$445M	$973M	$878M	$2.83B	$944M	$1.26B	$635M	$583M	$543M
Current assets	$6.86B	$16.6B	$9.68B	$10.6B	$15.1B	$12.2B	$12.3B	$13.5B	$14.1B	$15.1B
Property, plant & equipment (net)	$3.59B	$4.23B	$6.37B	$8.42B	$8.6B	$9.55B	$10.6B	$11.5B	$12.3B	$12.8B
Long-term investments	$330M	$352M	$319M	$364M	$377M	$418M	$332M	$339M	$347M	$483M
Goodwill	$12.5B	$12.5B	$18.7B	$18.7B	$17.5B	$17.5B	$17.5B	$17.5B	$17.5B	$17.4B
Intangible assets	$61M	$52M	$1.37B	$1.04B	$783M	$578M	$384M	$305M	$254M	$208M
Deferred tax assets	$1.46B	$475M	$94M	$508M	$311M	$200M	$162M	$1.02B	$1.6B	$1.05B
Other non-current assets	$928M	$1.06B	$1.14B	$1.36B	$1.53B	$1.89B	$2.26B	$2.19B	$3.25B	$4.27B
Non-current assets	$18.8B	$18.6B	$28B	$30.4B	$29.1B	$30.2B	$31.3B	$32.8B	$35.3B	$36.3B
Total assets	$25.6B	$34.9B	$37.7B	$41.1B	$44.5B	$42.6B	$43.8B	$46.5B	$49.4B	$51.4B
Liabilities
Accounts payable	$1.55B	$1.66B	$2.18B	$2.23B	$1.81B	$2.2B	$2.59B	$2.11B	$2.6B	$3.24B
Accrued expenses	$1.34B	$1.38B	$1.68B	$1.87B	$2B	$1.99B	$2.06B	$2.25B	$2.27B	$2.31B
Short-term debt	$12M	$867M	$517M	$1.45B	$1.01B	$290M	$1.37B	$370M	$1.91B	$865M
Deferred revenue	$1.47B	$1.62B	$1.92B	$2.24B	$2.52B	$3.03B	$3.61B	$4.19B	$4.07B	$4.09B
Other current liabilities	$1.25B	$3.18B	$1.98B	$1.24B	$2.26B	$2.02B	$1.96B	$3.02B	$3.28B	$3.38B
Current liabilities	$5.63B	$6.97B	$8.27B	$9.43B	$9.58B	$9.53B	$11.6B	$11.9B	$14.1B	$13.9B
Long-term debt	$7.06B	$14.4B	$13.9B	$14.1B	$15.6B	$14.4B	$13.6B	$15.7B	$16.5B	$17B
Lease obligations (non-current)	$0	$0	$0	$1.31B	$1.34B	$1.59B	$1.82B	$1.89B	$1.8B	$1.86B
Deferred revenue (non-current)	-$2.4B	-$1.71B	$5.76B	$0	$0	$0	$0	$0	$0	$0
Deferred tax liabilities	$2.4B	$1.71B	$108M	$0	$0	$490M	$132M	$0	$0	$0
Other non-current liabilities	$7.67B	$4.8B	$7.2B	$7.45B	$7.36B	$3.68B	$1.27B	$2.24B	$1.65B	$1.95B
Non-current liabilities	$14.7B	$20.9B	$21.2B	$22.8B	$24.3B	$20.1B	$16.9B	$19.8B	$19.9B	$20.8B
Total liabilities	$20.4B	$27.9B	$29.5B	$32.3B	$33.9B	$29.7B	$28.4B	$31.7B	$34.1B	$34.7B
Equity
Common stock & paid-in capital	$175M	$174M	$171M	$168M	$167M	$156M	$153M	$150M	$145M	$142M
Retained earnings	$10.6B	$11.5B	$8.07B	$8.75B	$10.5B	$12.9B	$15.3B	$14.8B	$15.3B	$16.7B
Accumulated other comprehensive income	-$5.55B	-$4.72B	-$52M	-$97M	-$128M	-$143M	-$153M	-$128M	-$152M	-$126M
Shareholders' equity	$5.26B	$7.05B	$8.19B	$8.82B	$10.6B	$12.9B	$15.3B	$14.8B	$15.3B	$16.7B
Debt
Total debt (incl. leases)	$7.07B	$15.3B	$14.4B	$16.8B	$18B	$16.2B	$16.8B	$17.9B	$20.2B	$19.7B
Net debt (debt - cash)	$4.53B	$4.04B	$12.8B	$14.6B	$13B	$12.7B	$14.2B	$14.8B	$15.8B	$15.3B

Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30

Data as of 2026-11-01