Northrop Grumman (NOC) income statement
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
Northrop Grumman (NOC) reported revenue of $11.1B for Q3 '26 (+6.7% year on year), operating income of $1.27B (11.4% of revenue) and net income of $1.12B. Over the last four quarters revenue was $43.6B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.6B | $10.1B | $10.2B | $10B | $10.7B | $9.47B | $10.4B | $10.4B | $11.7B | $9.88B | $10.9B | $11.1B | |
| Cost of revenue | $10.2B | $8B | $8.03B | $7.89B | $8.75B | $7.89B | $8.14B | $8.2B | $9.42B | $7.92B | $8.76B | $8.77B | |
| Gross profit | $485M | $2.13B | $2.19B | $2.11B | $1.93B | $1.58B | $2.21B | $2.23B | $2.3B | $1.96B | $2.12B | $2.35B | |
| Research & development | $1.2B | $0 | $0 | $0 | $1.1B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales & marketing | $289M | -$168M | -$167M | -$168M | -$596M | -$130M | -$137M | -$136M | $0 | -$166M | $0 | $0 | |
| General & administrative | $878M | $1.06B | $1.1B | $986M | $843M | $1.01B | $1.02B | $985M | $1.03B | $971M | $1.03B | $1.08B | |
| Other operating expenses | -$1.49B | $168M | $167M | $168M | -$504M | $130M | -$94M | $136M | $231M | $166M | $0 | $0 | |
| Operating expenses | $878M | $1.06B | $1.1B | $986M | $843M | $1.01B | $785M | $985M | $1.26B | $971M | $1.03B | $1.08B | |
| Operating income | -$393M | $1.07B | $1.09B | $1.12B | $1.09B | $573M | $1.43B | $1.24B | $1.04B | $989M | $1.1B | $1.27B | |
| Interest expense | $128M | $146M | $154M | $161M | $160M | $156M | $173M | $161M | $175M | $162M | $161M | $158M | |
| Other non-operating income (gains on investments, FX ...) | $236M | -$168M | -$167M | -$229M | -$622M | -$161M | -$175M | -$242M | -$875M | -$203M | -$233M | -$187M | |
| Total non-operating income | -$364M | $60M | $56M | $68M | $462M | $5M | $2M | $81M | $700M | $41M | $72M | $29M | |
| Income before tax | -$757M | $1.13B | $1.15B | $1.19B | $1.55B | $578M | $1.43B | $1.32B | $1.74B | $1.03B | $1.17B | $1.3B | |
| Income tax | -$222M | $187M | $206M | $162M | $287M | $97M | $253M | $223M | $313M | $155M | $74M | $174M | |
| Net income | -$535M | $944M | $940M | $1.03B | $1.26B | $481M | $1.17B | $1.1B | $1.43B | $875M | $1.09B | $1.12B | |
| EPS (basic) | -$3.54 | $6.34 | $6.37 | $7.02 | $8.66 | $3.33 | $8.17 | $7.69 | $9.99 | $6.16 | $7.70 | $7.91 | |
| EPS (diluted) | -$3.54 | $6.32 | $6.36 | $7.00 | $8.66 | $3.32 | $8.15 | $7.67 | $9.99 | $6.14 | $7.68 | $7.89 | |
| Shares (basic, weighted) | 151M | 149M | 148M | 146M | 147M | 145M | 144M | 143M | 143M | 142M | 142M | 142M | |
| Shares (diluted, weighted) | 151M | 149M | 148M | 147M | 147M | 145M | 144M | 144M | 143M | 143M | 142M | 142M | |
| Depreciation & amortization | $400M | $299M | $326M | $331M | $414M | $337M | $350M | $379M | $406M | $372M | $367M | $379M | |
| EBITDA | -$229M | $1.54B | $1.58B | $1.68B | $2.13B | $1.07B | $1.95B | $1.86B | $2.32B | $1.56B | $1.7B | $1.84B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.5B | $25.8B | $30.1B | $33.8B | $36.8B | $35.7B | $36.6B | $39.3B | $41B | $42B | |
| Cost of revenue | $18.7B | $19.8B | $23.3B | $26.6B | $29.3B | $28.4B | $29.1B | $32.7B | $32.7B | $33.6B | |
| Gross profit | $5.78B | $5.95B | $6.79B | $7.26B | $7.48B | $7.27B | $7.47B | $6.55B | $8.36B | $8.31B | |
| Research & development | $705M | $639M | $764M | $953M | $0 | $1.1B | $1.2B | $1.2B | $1.1B | $1.1B | |
| Sales & marketing | $339M | -$1.24B | -$394M | $1B | -$164M | -$3.37B | -$2.74B | -$108M | -$1.1B | $0 | |
| General & administrative | $2.63B | $2.71B | $3.01B | $3.29B | $3.41B | $3.6B | $3.87B | $4.01B | $3.99B | $4.03B | |
| Other operating expenses | -$1.04B | $596M | -$341M | -$1.95B | $164M | $290M | $1.54B | -$1.09B | -$1M | -$1.1B | |
| Operating expenses | $2.63B | $2.71B | $3.04B | $3.29B | $3.41B | $1.62B | $3.87B | $4.01B | $3.99B | $4.03B | |
| Operating income | $3.19B | $3.3B | $3.78B | $3.97B | $4.07B | $5.65B | $3.6B | $2.54B | $4.37B | $4.28B | |
| Interest expense | $301M | $360M | $562M | $528M | $593M | $556M | $506M | $545M | $621M | $665M | |
| Other non-operating income (gains on investments, FX ...) | $211M | -$1.24B | -$524M | $1B | -$256M | -$1.84B | -$2.74B | -$354M | -$1.1B | -$1.45B | |
| Total non-operating income | -$270M | $1.01B | -$38M | -$1.42B | -$337M | $3.29B | $2.24B | -$191M | $646M | $788M | |
| Income before tax | $2.92B | $3.05B | $3.74B | $2.55B | $3.73B | $8.94B | $5.84B | $2.35B | $5.02B | $5.07B | |
| Income tax | $723M | $1.03B | $513M | $300M | $539M | $1.93B | $940M | $290M | $842M | $886M | |
| Net income | $2.2B | $2.02B | $3.23B | $2.25B | $3.19B | $7.01B | $4.9B | $2.06B | $4.17B | $4.18B | |
| EPS (basic) | $12.30 | $11.55 | $18.59 | $13.28 | $19.08 | $43.70 | $31.61 | $13.57 | $28.39 | $29.14 | |
| EPS (diluted) | $12.19 | $11.47 | $18.49 | $13.22 | $19.03 | $43.54 | $31.47 | $13.53 | $28.34 | $29.08 | |
| Shares (basic, weighted) | 179M | 174M | 174M | 169M | 167M | 160M | 155M | 152M | 147M | 144M | |
| Shares (diluted, weighted) | 181M | 176M | 175M | 170M | 168M | 161M | 156M | 152M | 147M | 144M | |
| Depreciation & amortization | $456M | $475M | $800M | $1.27B | $1.27B | $1.24B | $1.34B | $1.34B | $1.37B | $1.47B | |
| EBITDA | $3.39B | $4.93B | $5.1B | $4.23B | $5.59B | $8.73B | $7.68B | $4.23B | $6.84B | $7.21B |
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.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
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