Northrop Grumman Corporation (NYSE: NOC) is an American multinational aerospace and defense technology company.
| Revenue (TTM) | $42.89B |
| Gross Profit (TTM) | $8.60B |
| EBITDA | $7.25B |
| Operating Margin | 11.60% |
| Return on Equity | 27.00% |
| Return on Assets | 7.15% |
| Revenue/Share (TTM) | $301.10 |
| Book Value | $125.89 |
| Price-to-Book | 4.09 |
| Price-to-Sales (TTM) | 1.72 |
| EV/Revenue | 2.03 |
| EV/EBITDA | 11.70 |
| Quarterly Earnings Growth (YoY) | -5.80% |
| Quarterly Revenue Growth (YoY) | 5.10% |
| Shares Outstanding | $142.06M |
| Float | $141.59M |
| % Insiders | 0.27% |
| % Institutions | 84.63% |
Volatility is currently expanding
Proposed changes to Norway's sovereign wealth fund ethics rules could open the door to investments in more Western defense companies. The fund is currently barred from investing in companies including Lockheed Martin and Boeing because of their involvement in nuclear weapons production.
NOC is advancing its precision weapons portfolio with a new grenade launcher and a Barrett partnership to tap growing demand for counter-drone systems.
Get a deeper insight into the potential performance of Northrop Grumman (NOC) for the quarter ended September 2026 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
Northrop Grumman (NOC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
NOC's Q3 results hinge on strong defense demand, rising production and higher sales guidance, but program execution risks and a flat Earnings ESP cloud beat prospects.
Northrop Grumman trades near 52-week lows despite record backlog, raised guidance, and accelerating key programs like B-21 and Sentinel. NOC's Q2 results showed strong sales and backlog growth, but margin pressures from program charges and timing risks around government funding persist. Valuation at 16.8x 2026 EPS guidance presents an attractive entry, with a 2% dividend yield and low expectations ahead of Q3 earnings.
Chicago, IL – October 9, 2026 – Zacks Equity Research shares NetApp NTAP as the Bull of the Day and NVR NVR as the Bear of the Day. In addition, Zacks Equity Research provides analysis on The Boeing Company's BA, Northrop Grumman NOC and Lockheed Martin LMT
Northrop Grumman is well-positioned amid rising Western defense budgets and strong management under CEO Kathy Warden. NOC fundamentals are robust: a large and growing backlog (2.4x TTM revenue, +16% pa), accelerating revenue growth, stable 8-9% cash flow margins, and declining leverage. Valuation is attractive at under 2x TTM revenue and under 22x TTM unlevered pretax FCF, with technicals suggesting a possible bottom near $426.
Both L3Harris and Northrop Grumman have cratered nearly 20% this year while raising guidance and growing their backlogs to record levels, which means one of these defense dividends is quietly becoming a retirement income bargain and the other carries a
NOC's $66 million MQ-4C Triton order underscores rising demand for unmanned surveillance, upgrades and long-term fleet sustainment.
Tiblio connects your broker and runs your put-and-call-writing strategy for you — on NOC and any ticker you trade — then tracks every position and per-strategy win rate.
