NOC - NORTHROP GRUMMAN CORP /DE/

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue Growth YoY (%)	2.2% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-55%)	4.4% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-11%)	7.3% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+47%)	2.6% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-48%)	-3.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-162%)	8.7% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+75%)	12.4% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+149%)	16.6% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+233%)	5.3% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+6%)	4.2% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-17%)	-1.9% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-138%)	-2.8% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-155%)	-2.2% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-144%)	-4.5% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-190%)	-6.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-223%)	-16.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-433%)	4.5% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-11%)	6.5% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+30%)	—	—
EPS Growth YoY (%)	2.6% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	109.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-57.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-27.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	129.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	43.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-28.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	61.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-6.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	17.0% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	6.1% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	16.6% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	6.8% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	4.1% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	10.7% Fair Fair Year-over-year change in earnings per share Optimal: > 10%	30.9% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	—	—
Net Income Growth YoY (%)	0.2% Caution ↓ Caution Declining Year-over-year change in net income	103.0% Excellent ↑ Excellent Improving Year-over-year change in net income	-58.0% Weak ↓ Weak Declining Year-over-year change in net income	-30.1% Weak ↓ Weak Declining Year-over-year change in net income	119.7% Excellent ↑ Excellent Improving Year-over-year change in net income	41.9% Excellent ↑ Excellent Improving Year-over-year change in net income	-30.4% Weak ↓ Weak Declining Year-over-year change in net income	60.2% Excellent ↑ Excellent Improving Year-over-year change in net income	-8.4% Weak ↓ Weak Declining Year-over-year change in net income	10.6% Fair ↑ Fair Improving Year-over-year change in net income	-3.8% Weak ↓ Weak Declining Year-over-year change in net income	6.0% Fair ↑ Fair Improving Year-over-year change in net income	-1.3% Weak ↓ Weak Declining Year-over-year change in net income	-6.6% Weak ↓ Weak Declining Year-over-year change in net income	3.2% Caution Caution Year-over-year change in net income	21.8% Good Good Year-over-year change in net income	N/M	N/M	—	—
FCF Growth YoY (%)	29.3% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	28.6% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	46.5% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-29.5% Weak ↓ Weak Declining Year-over-year change in free cash flow	-22.2% Weak ↓ Weak Declining Year-over-year change in free cash flow	-3.6% Weak ↓ Weak Declining Year-over-year change in free cash flow	20.7% Good → Good Stable Year-over-year change in free cash flow	53.6% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-8.7% Weak ↓ Weak Declining Year-over-year change in free cash flow	18.5% Good ↑ Good Improving Year-over-year change in free cash flow	-8.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	5.4% Fair ↓ Fair Declining Year-over-year change in free cash flow	-0.6% Weak ↓ Weak Declining Year-over-year change in free cash flow	58.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-6.9% Weak ↓ Weak Declining Year-over-year change in free cash flow	36.2% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-38.7% Weak Weak Year-over-year change in free cash flow	17.0% Good Good Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	4.7% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	4.8% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	2.2% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	2.6% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	5.8% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	12.6% Good ↑ Good Improving Compound annual revenue growth over 3 years	11.4% Good ↑ Good Improving Compound annual revenue growth over 3 years	8.6% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	2.5% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	-0.2% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-2.3% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-3.2% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-4.3% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-9.3% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-6.5% Weak Weak Compound annual revenue growth over 3 years	-2.5% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	2.7% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	3.9% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	5.5% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	7.2% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	7.8% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	9.4% Good ↑ Good Improving Compound annual revenue growth over 5 years	7.1% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	4.1% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	0.5% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-1.5% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-3.5% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-6.6% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-5.3% Weak Weak Compound annual revenue growth over 5 years	-3.6% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	-2.7% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-13.4% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-10.7% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	33.5% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	33.0% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	18.2% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	2.6% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	20.9% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	5.2% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	13.1% Good ↑ Good Improving Compound annual EPS growth over 3 years	9.7% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	9.0% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	7.1% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	14.7% Good Good Compound annual EPS growth over 3 years	—	9.7% Fair Fair Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Operating Margin (%) (%)	10.8% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-10%)	10.6% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-11%)	6.5% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-46%)	9.8% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-18%)	15.8% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+32%)	11.0% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-8%)	11.7% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	12.6% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	12.8% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+7%)	13.0% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+9%)	13.1% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+9%)	13.3% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+11%)	12.7% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+6%)	12.4% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	12.4% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	10.0% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-16%)	7.4% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-39%)	-0.8% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-107%)	9.6% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-20%)	—
Effective Tax Rate (%) (%)	17.5% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	16.8% Good → Good Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	12.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	16.1% Good → Good Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.6% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	14.5% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	11.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	13.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	33.9% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.7% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	28.7% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	29.6% Caution Caution Actual taxes paid relative to pre-tax income Optimal: 15-25%	31.8% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—
Profit Margin (%) (%)	10.0% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+25%)	10.2% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+27%)	5.2% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-35%)	13.4% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+67%)	19.6% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+146%)	8.7% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+8%)	6.6% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-17%)	10.7% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+34%)	7.8% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	9.0% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+12%)	8.5% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+6%)	8.6% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+8%)	7.9% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	7.8% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	8.0% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	7.3% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-9%)	5.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-38%)	-3.9% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-149%)	5.9% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-26%)	—
FCF Margin (%) (%)	7.9% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	6.4% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	5.3% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	4.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	6.0% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	7.8% Caution → Caution Stable Free cash flow as a percentage of revenue Optimal: > 10%	9.0% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	8.6% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	6.5% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	7.7% Caution → Caution Stable Free cash flow as a percentage of revenue Optimal: > 10%	7.2% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	8.5% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	8.6% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	9.2% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	6.2% Caution → Caution Stable Free cash flow as a percentage of revenue Optimal: > 10%	6.7% Caution → Caution Stable Free cash flow as a percentage of revenue Optimal: > 10%	4.4% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	7.8% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	7.3% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	0.79x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.63x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	1.02x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.30x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.31x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.90x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.35x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.80x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.84x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.86x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.85x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.98x Caution → Caution Stable Free cash flow relative to reported net income Optimal: > 1x	1.09x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	1.17x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.77x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.91x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.88x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	-2.00x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	1.23x Good Good Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Return on Invested Capital (%)	11.5% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	11.5% Good → Good Stable Return earned on debt + equity capital invested Optimal: > 10%	7.8% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	10.7% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	17.2% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	13.6% Good → Good Stable Return earned on debt + equity capital invested Optimal: > 10%	16.2% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	14.4% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	9.8% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	19.5% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	18.2% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	17.1% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	20.0% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	18.4% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	18.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	16.6% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	15.5% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-1.7% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	13.1% Good Good Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	8.8% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	8.9% Fair → Fair Stable Operating profit relative to total assets Optimal: > 10%	5.5% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	8.2% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	13.3% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	9.1% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	9.7% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	10.0% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	9.4% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	12.5% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	12.6% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	12.0% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	11.8% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	11.8% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	12.9% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	9.0% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	8.2% Fair Fair Operating profit relative to total assets Optimal: > 10%	-0.9% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	25.1% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+67%)	27.3% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+82%)	13.9% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-7%)	32.0% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+113%)	54.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+261%)	30.1% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+101%)	25.5% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+70%)	39.4% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+163%)	28.6% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+91%)	41.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+179%)	36.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+140%)	28.6% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+91%)	18.4% Good → Good Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+23%)	20.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+39%)	20.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+37%)	15.3% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	13.3% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-11%)	-10.6% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-171%)	10.1% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-33%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Debt to Equity (x)	0.94x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+34%)	1.06x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+52%)	0.94x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+34%)	0.84x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+20%)	0.99x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+41%)	1.42x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+103%)	1.45x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+107%)	1.76x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+151%)	2.17x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+209%)	1.34x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+92%)	1.18x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+69%)	0.82x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+17%)	—	0.41x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-41%)	0.38x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-46%)	—	—	—	—	—
Interest Coverage (x)	6.78x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	7.04x Good → Good Stable Operating income divided by interest expense Optimal: > 5x	4.66x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	7.12x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	10.16x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	6.85x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	7.52x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	6.73x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	9.16x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	10.61x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	10.22x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	11.33x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	12.15x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	14.76x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	14.82x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	10.51x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	8.84x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	-0.89x Weak Weak Operating income divided by interest expense Optimal: > 5x	8.71x Good Good Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$11.29B	$16.27B	$10.75B	$10.30B	$9.25B	$10.10B	$10.53B	$12.82B	$4.04B	$4.53B	$4.21B	$2.06B	$-5.15B	$62.00M	$927.00M	$-3.70B	$-3.27B	$-1.50B	$-963.00M	$-1.01B
Debt / EBITDA (x)	2.62x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.84x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.58x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.61x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.86x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.81x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.44x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.14x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.05x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.94x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.84x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.62x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	1.08x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.03x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue per Share (USD)	$292.36	$279.14	$259.34	$236.29	$222.50	$220.22	$199.89	$173.26	$147.95	$136.99	$124.21	$114.84	$107.41	$101.44	$95.42	$94.79	$105.75	$96.61	$88.79	—
Basic EPS, GAAP (USD)	$29.14	$28.39	$13.57	$31.61	$43.70	$19.08	$13.28	$18.59	$11.55	$12.30	$10.51	$9.91	$8.50	$7.96	$7.65	$6.91	$5.28	$-3.77	$5.24	—
Free Cash Flow per Share (USD)	$23.05	$17.83	$13.86	$9.46	$13.42	$17.27	$17.91	$14.84	$9.66	$10.58	$8.93	$9.73	$9.23	$9.29	$5.88	$6.31	$4.63	$7.56	$6.46	—
Dividend per Share (USD)	$8.99	$8.05	$7.34	$6.76	$6.16	$5.67	$5.16	$4.70	$3.90	$3.50	$3.10	$2.71	$2.38	$2.15	$1.97	$1.84	$1.69	$1.57	$1.48	—
Book Value per Share (USD)	$117.42	$105.48	$98.56	$99.98	$82.71	$63.45	$52.54	$47.99	$40.49	$30.04	$30.46	$36.37	$48.81	$39.77	$40.71	$46.18	$41.34	$36.45	$51.76	—
Tangible Book Value per Share (USD)	$-5.37	$-17.08	$-20.17	$-16.90	$-33.06	$-46.32	$-65.11	$-69.50	$-31.06	$-41.08	$-38.27	$-26.30	$-8.35	$-12.19	$-8.64	$2.98	$-5.55	$-7.76	$51.76	—
Basic Weighted Avg Shares (shares)	143.50M	147.00M	151.50M	154.90M	160.30M	167.10M	169.30M	173.70M	174.40M	178.90M	189.40M	208.80M	229.60M	248.60M	276.80M	296.90M	319.20M	334.50M	341.70M	—
Dividend Payout Ratio (%)	30.9% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	28.4% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	54.1% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	21.4% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	14.1% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	29.7% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	38.9% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	25.3% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	33.8% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	28.5% Excellent → Excellent Stable Dividends paid as a percentage of earnings Optimal: 30-60%	29.5% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	27.3% Excellent → Excellent Stable Dividends paid as a percentage of earnings Optimal: 30-60%	28.0% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	27.0% Excellent → Excellent Stable Dividends paid as a percentage of earnings Optimal: 30-60%	25.8% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	26.6% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	32.0% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-41.6% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	28.2% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Working Capital (USD)	$1.41B	$146.00M	$1.76B	$901.00M	$2.90B	$5.76B	$1.25B	$1.41B	$9.38B	$1.23B	$877.00M	$2.29B	$3.67B	$2.34B	$1.61B	$3.75B	$1.65B	$794.00M	—	—
LT Debt (USD)	$15.70B	$16.27B	$13.86B	$12.88B	$12.78B	$15.00B	$12.77B	$14.40B	$15.27B	$7.07B	$6.53B	$5.93B	—	$3.92B	$3.93B	—	—	—	—	—
Total Equity (USD)	$16.67B	$15.29B	$14.79B	$15.31B	$12.93B	$10.58B	$8.82B	$8.19B	$7.05B	$5.26B	$5.52B	$7.24B	$10.62B	$9.51B	$10.34B	$13.44B	$12.69B	$11.92B	$17.69B	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Sales/Revenue/Turnover (USD)	$41.95B	$41.03B	$39.29B	$36.60B	$35.67B	$36.80B	$33.84B	$30.09B	$25.80B	$24.51B	$23.53B	$23.98B	$24.66B	$25.22B	$26.41B	$28.14B	$33.76B	$32.31B	$30.34B	—
Depreciation Expense (USD)	$1.47B	$1.37B	$1.34B	$1.34B	$1.24B	$1.27B	$1.26B	$800.00M	$475.00M	$456.00M	$467.00M	$462.00M	$495.00M	$510.00M	$544.00M	$555.00M	$585.00M	$567.00M	$570.00M	—
Net Income, GAAP (USD)	$4.18B	$4.17B	$2.06B	$4.90B	$7.00B	$3.19B	$2.25B	$3.23B	$2.02B	$2.20B	$1.99B	$2.07B	$1.95B	$1.98B	$2.12B	$2.05B	$1.69B	$-1.26B	$1.79B	—
Operating Cash Flow (USD)	$4.76B	$4.39B	$3.88B	$2.90B	$3.57B	$4.30B	$4.30B	$3.83B	$2.61B	$2.81B	$2.16B	$2.59B	$2.48B	$2.64B	$2.12B	$2.45B	$2.13B	$3.21B	$2.89B	—

NORTHROP GRUMMAN CORP /DE/

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