Northrop GrummanNOCEarnings & Financial Report
Northrop Grumman Corporation, headquartered in West Falls Church, Virginia, is an American aerospace and defense company that designs and manufactures systems for aeronautics, defense, missions, and space. The company is the 5th largest contractor of the U.S. federal government; it receives over 2% of total spending by the federal government of the United States on contractors.
Revenue
$9.5B
Gross Profit
N/A
Operating Profit
$573.0M
Net Profit
$481.0M
Gross Margin
N/A
Operating Margin
6.1%
Net Margin
5.1%
YoY Growth
-6.6%
EPS
$3.32
Northrop Grumman Q1 FY2025 Financial Summary
Northrop Grumman reported revenue of $9.5B (down 6.6% YoY) for Q1 FY2025, with a net profit of $481.0M (down 49.0% YoY) (5.1% margin).
Key Financial Metrics
| Total Revenue | $9.5B |
|---|---|
| Net Profit | $481.0M |
| Gross Margin | N/A |
| Operating Margin | 6.1% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
Northrop Grumman Q1 FY2025 revenue of $9.5B breaks down across 10 segments, led by Space Systems at $2.6B (27.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Space Systems | $2.6B | 27.1% |
| Services | $1.9B | 20.6% |
| Defense Systems | $1.8B | 19.1% |
| Cost Reimbursable | $1.3B | 14.1% |
| Other | $703.0M | 7.4% |
| International Customer | $478.0M | 5.0% |
| Asia Pacific | $417.0M | 4.4% |
| All Other Geographic Region Domain | $165.0M | 1.7% |
| Intersegment Sales | $41.0M | 0.4% |
| Other Customers | $5.0M | 0.1% |
Northrop Grumman Revenue by Segment — Quarterly Trend
Northrop Grumman revenue by segment across the last 4 reported quarters, showing how each business line (such as Space Systems and Services) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Space Systems | $2.5B | — | $2.7B | — |
| Services | — | $2.1B | $2.1B | $2.1B |
| Defense Systems | — | $2.1B | $2.1B | $2.0B |
| Cost Reimbursable | — | $1.6B | $1.5B | $1.5B |
| Other | $1.3B | $867.0M | $861.0M | $3.6B |
Northrop Grumman Annual Revenue by Year
Northrop Grumman annual revenue history includes year-by-year totals (for example, 2025 revenue was $42.0B).
| Year | Annual Revenue |
|---|---|
| 2025 | $42.0B |
| 2024 | $41.0B |
| 2023 | $39.3B |
| 2022 | $36.6B |
Northrop Grumman Quarterly Revenue & Net Profit History
Northrop Grumman results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $9.9B | +4.4% | $875.0M | 8.9% |
| Q4 FY2025 | $11.7B | +9.6% | $1.4B | 12.2% |
| Q3 FY2025 | $10.4B | +4.3% | $1.1B | 10.6% |
| Q2 FY2025 | $10.4B | +1.3% | $1.2B | 11.3% |
| Q1 FY2025 | $9.5B | -6.6% | $481.0M | 5.1% |
| Q4 FY2024 | $10.7B | +0.5% | $1.3B | 11.8% |
| Q3 FY2024 | $10.0B | +2.3% | $1.0B | 10.3% |
| Q2 FY2024 | $10.2B | +6.7% | $940.0M | 9.2% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.22B | $10.00B | $10.69B | $9.47B | $10.35B | $10.42B | $11.71B | $9.88B |
| YoY Growth | 6.7% | 2.3% | 0.5% | -6.6% | 1.3% | 4.3% | 9.6% | 4.4% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $47.67B | $48.29B | $49.36B | $48.47B | $49.45B | $49.30B | $51.38B | $50.01B |
| Liabilities | $33.37B | $33.54B | $34.07B | $33.48B | $33.98B | $33.31B | $34.70B | $32.89B |
| Equity | $14.30B | $14.75B | $15.29B | $14.98B | $15.47B | $15.99B | $16.67B | $17.11B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.43B | $1.09B | $2.58B | $-1.56B | $868.0M | $1.56B | $3.90B | $-1.66B |