Northrop Grumman (NOC) Stock Insights

NOC price $552.77 +1.54 +0.28%

Ticker
NOC
Price
$552.77
Change
+1.54 +0.28%
Market cap ?
$78.53B
P/E ?
17.80
Forward P/E ?
18.73
Dividend yield ?
1.69%
Beta ?
-0.11
Sector
Industrials
Industry
Aerospace & Defense
Stocklytics score
42
Value
50
Quality
41
Growth
34

Stocklytics score rationale: value 50, quality 41, growth 34.

Financials

2016201720182019202020212022202320242025
24508000000258030000003009500000033841000000367990000003566700000036602000000392900000004103300000041954000000

Northrop Grumman Corporation is a leading global player in the aerospace and defense sectors. Its Aeronautics Systems division is responsible for the full lifecycle of aircraft, from design and development to production, integration, and ongoing maintenance. This includes a diverse portfolio of crewed and uncrewed aerial platforms: advanced strategic long-range strike aircraft, tactical fighter and air superiority…

Fair value

NOC fair value $436.67. Price $552.77. Price is 27% above fair value.

Above fair value, around its usual premium.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 3.83B. Growth 7.43%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 10.00%. Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 142.06M. Net debt 15.34B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare NOC

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2027-01-26—7.96—12.20B
2026-10-207.897.1811.12B11.14B
2026-07-217.686.8210.88B10.80B
2026-04-216.146.069.88B9.75B
2026-01-277.236.9811.71B11.62B
2025-10-217.676.4410.42B10.72B
2025-07-227.116.9210.35B10.06B
2025-04-223.326.249.47B9.92B
2025-01-306.396.3510.69B10.97B
2024-10-247.006.0710.00B10.18B
2024-07-256.365.9310.22B10.02B
2024-04-256.325.7910.13B9.77B
2024-01-256.275.7510.64B10.44B
2023-10-266.185.819.78B9.58B
2023-07-275.345.339.58B9.35B
2023-04-275.505.099.30B9.17B
2023-01-267.506.6010.03B9.67B
2022-10-275.896.118.97B9.13B
2022-07-286.396.108.80B9.07B
2022-04-286.105.968.80B8.88B
2022-01-276.005.958.64B8.93B
2021-10-286.635.998.72B8.95B
2021-07-296.425.849.15B8.77B
2021-04-296.575.489.16B8.49B
2021-01-286.595.7010.21B8.74B
2020-10-225.895.629.08B8.67B
2020-07-306.015.328.88B7.86B
2020-04-295.485.518.62B9.22B
2020-01-305.614.788.72B7.42B
2019-10-245.494.778.47B7.36B
2019-07-245.064.688.46B7.82B
2019-04-245.064.598.19B7.43B
2019-01-314.934.328.16B7.15B
2018-10-245.804.378.09B5.40B
2018-07-253.933.837.12B6.96B
2018-04-254.213.616.74B5.78B
2018-01-252.822.756.63B6.37B
2017-10-253.422.926.53B5.21B
2017-07-263.152.876.38B5.90B
2017-04-263.632.936.27B5.17B

Dividends

Yield 1.73%. Payout ratio 30.18%. Frequency Quarterly.

Safety score 100/100 · Safe. Payout ratio is 30% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 45 separate years. Yield is 1.7%, in a range that is usually sustainable.

Ex-dateDividendRecordPaymentFrequency
2026-08-31$2.472026-08-312026-09-16Quarterly
2026-06-01$2.472026-06-012026-06-17Quarterly
2026-02-23$2.312026-02-232026-03-11Quarterly
2025-12-01$2.312025-12-012025-12-17Quarterly
2025-09-02$2.312025-09-022025-09-17Quarterly
2025-06-02$2.312025-06-022025-06-18Quarterly
2025-03-03$2.062025-03-032025-03-19Quarterly
2024-12-02$2.062024-12-022024-12-18Quarterly
2024-09-03$2.062024-09-032024-09-18Quarterly
2024-05-24$2.062024-05-282024-06-12Quarterly
2024-02-23$1.872024-02-262024-03-13Quarterly
2023-11-24$1.872023-11-272023-12-13Quarterly
2023-08-25$1.872023-08-282023-09-13Quarterly
2023-05-26$1.872023-05-302023-06-14Quarterly
2023-02-24$1.732023-02-272023-03-15Quarterly
2022-11-25$1.732022-11-282022-12-14Quarterly
2022-08-26$1.732022-08-292022-09-14Quarterly
2022-05-27$1.732022-05-312022-06-15Quarterly
2022-02-25$1.572022-02-282022-03-16Quarterly
2021-11-26$1.572021-11-292021-12-15Quarterly
2021-08-27$1.572021-08-302021-09-15Quarterly
2021-05-28$1.572021-06-012021-06-16Quarterly
2021-02-26$1.452021-03-012021-03-17Quarterly
2020-11-27$1.452020-11-302020-12-16Quarterly
2020-08-28$1.452020-08-312020-09-16Quarterly
2020-05-29$1.452020-06-012020-06-17Quarterly
2020-02-21$1.322020-02-242020-03-11Quarterly
2019-11-29$1.322019-12-022019-12-18Quarterly
2019-09-06$1.322019-09-092019-09-25Quarterly
2019-05-31$1.322019-06-032019-06-19Quarterly
2019-02-22$1.202019-02-252019-03-13Quarterly
2018-11-30$1.202018-12-032018-12-19Quarterly
2018-08-24$1.202018-08-272018-09-12Quarterly
2018-06-01$1.202018-06-042018-06-20Quarterly
2018-03-02$1.102018-03-052018-03-21Quarterly
2017-12-01$1.002017-12-042017-12-20Quarterly
2017-08-24$1.002017-08-282017-09-13Quarterly
2017-06-01$1.002017-06-052017-06-21Quarterly
2017-03-02$0.902017-03-062017-03-22Quarterly
2016-12-01$0.902016-12-052016-12-21Quarterly
2016-08-25$0.902016-08-292016-09-14Quarterly
2016-06-02$0.902016-06-062016-06-22Quarterly
2016-02-25$0.802016-02-292016-03-16Quarterly
2015-11-25$0.802015-11-302015-12-16Quarterly
2015-08-27$0.802015-08-312015-09-16Quarterly
2015-05-28$0.802015-06-012015-06-17Quarterly
2015-02-26$0.702015-03-022015-03-18Quarterly
2014-11-26$0.702014-12-012014-12-17Quarterly
2014-08-28$0.702014-09-022014-09-17Quarterly
2014-05-29$0.702014-06-022014-06-18Quarterly
2014-02-27$0.612014-03-032014-03-19Quarterly
2013-11-27$0.612013-12-022013-12-18Quarterly
2013-08-29$0.612013-09-032013-09-18Quarterly
2013-05-23$0.612013-05-282013-06-12Quarterly
2013-02-28$0.552013-03-042013-03-20Quarterly
2012-11-21$0.552012-11-262012-12-12Quarterly
2012-08-23$0.552012-08-272012-09-12Quarterly
2012-05-23$0.552012-05-252012-06-13Quarterly
2012-02-23$0.502012-02-272012-03-11Quarterly
2011-11-23$0.502011-11-282011-12-10Quarterly
2011-08-25$0.502011-08-292011-09-10Quarterly
2011-05-26$0.502011-05-312011-06-11Quarterly
2011-02-24$0.422011-02-282011-03-12Quarterly
2010-11-24$0.422010-11-292010-12-11Quarterly
2010-08-26$0.422010-08-302010-09-11Quarterly
2010-05-27$0.422010-06-012010-06-12Quarterly
2010-02-25$0.392010-03-012010-03-13Quarterly
2009-11-25$0.392009-11-302009-12-12Quarterly
2009-08-27$0.392009-08-312009-09-12Quarterly
2009-05-28$0.392009-06-012009-06-13Quarterly
2009-02-26$0.362009-03-022009-03-14Quarterly
2008-11-26$0.362008-12-012008-12-13Quarterly
2008-08-21$0.362008-08-252008-09-06Quarterly
2008-05-29$0.362008-06-022008-06-14Quarterly
2008-02-28$0.332008-03-032008-03-15Quarterly
2007-11-21$0.332007-11-262007-12-08Quarterly
2007-08-23$0.332007-08-272007-09-08Quarterly
2007-05-24$0.332007-05-292007-06-09Quarterly
2007-03-01$0.332007-03-052007-03-17Quarterly
2006-11-22$0.272006-11-272006-12-09Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-09-30KRISHNA ARVINDBuy75$483.4836.26K
2026-09-30Brown Marianne CatherineBuy96$483.4846.41K
2026-08-19Warden Kathy JBuy35.91K——
2026-08-03WELSH MARK A IIISell8$544.534.36K
2026-08-03WELSH MARK A IIISell19$545.5910.37K
2026-08-03WELSH MARK A IIISell11$546.426.01K
2026-08-03WELSH MARK A IIISell31$547.4216.97K
2026-08-03WELSH MARK A IIISell10$548.325.48K
2026-08-03WELSH MARK A IIISell6$549.503.30K
2026-08-03WELSH MARK A IIISell2$550.681.10K
2026-08-03WELSH MARK A IIISell2$552.951.11K
2026-08-03WELSH MARK A IIISell2$553.901.11K
2026-08-03WELSH MARK A IIISell4$554.142.22K
2026-06-30Brown Marianne CatherineBuy91$509.3146.35K
2026-06-30KRISHNA ARVINDBuy71$509.3136.16K
2026-05-20WINSTON MARY ABuy349$552.17192.71K
2026-05-20WELSH MARK A IIIBuy349$552.17192.71K
2026-05-20Turley James SBuy349$552.17192.71K
2026-05-20SCHOEWE THOMAS MBuy349$552.17192.71K
2026-05-20ROUGHEAD GARYBuy349$552.17192.71K
2026-05-20Ross Kimberly A.Buy349$552.17192.71K
2026-05-20KRISHNA ARVINDBuy349$552.17192.71K
2026-05-20Grady Christopher W.Buy349$552.17192.71K
2026-05-20Brown Marianne CatherineBuy349$552.17192.71K
2026-05-20ABNEY DAVID PBuy349$552.17192.71K
2026-05-04WELSH MARK A IIISell1$566.60567
2026-05-04WELSH MARK A IIISell5$568.752.84K
2026-05-04WELSH MARK A IIISell9$569.495.13K
2026-05-04WELSH MARK A IIISell43$570.4724.53K
2026-05-04WELSH MARK A IIISell3$571.741.72K
2026-05-04WELSH MARK A IIISell6$572.723.44K
2026-05-04WELSH MARK A IIISell14$573.518.03K
2026-05-04WELSH MARK A IIISell2$574.511.15K
2026-05-04WELSH MARK A IIISell4$575.592.30K
2026-05-04WELSH MARK A IIISell7$576.384.03K
2026-05-04WELSH MARK A IIISell1$577.05577
2026-03-31Brown Marianne CatherineBuy68$682.2446.39K
2026-03-31KRISHNA ARVINDBuy53$682.2436.16K
2026-03-02Simpson Kathryn GSell873$745.00650.38K
2026-02-27ROEDER ROSHAN SSell1.75K$720.001.26M
2026-02-19Simpson Kathryn GSell194$727.62141.16K
2026-02-19ROEDER ROSHAN SSell512$727.62372.54K
2026-02-19Hardesty Michael ASell147$732.98107.75K
2026-02-18Davies Benjamin R.Sell2.19K$719.611.58M
2026-02-17Davies Benjamin R.Sell274——
2026-02-17Davies Benjamin R.Buy274——
2026-02-17Davies Benjamin R.Sell123$701.1286.24K
2026-02-17Fleming Robert J.Sell264——
2026-02-17Fleming Robert J.Buy264——
2026-02-17Fleming Robert J.Sell85$701.1259.60K
2026-02-17Hardesty Michael ABuy538——
2026-02-17Hardesty Michael ASell243$701.12170.37K
2026-02-17Hardesty Michael ASell716$700.63501.61K
2026-02-17Hardesty Michael ASell538——
2026-02-17Jones Thomas HBuy2.15K——
2026-02-17Jones Thomas HSell1.00K$701.12704.63K
2026-02-17Jones Thomas HSell2.15K——
2026-02-17Warden Kathy JBuy10.76K——
2026-02-17Warden Kathy JSell4.86K$701.123.41M
2026-02-17Warden Kathy JSell10.76K——
2026-02-17Simpson Kathryn GSell387——
2026-02-17Simpson Kathryn GBuy387——
2026-02-17Simpson Kathryn GSell193$701.12135.32K
2026-02-17Simpson Kathryn GSell779$702.56547.29K
2026-02-17ROEDER ROSHAN SSell2.02K——
2026-02-17ROEDER ROSHAN SBuy2.02K——
2026-02-17ROEDER ROSHAN SSell992$701.12695.51K
2026-02-17ROEDER ROSHAN SSell318$702.56223.41K
2026-02-13Hardesty Michael ASell783$702.43550.00K
2026-02-13Hardesty Michael ASell1$703.21408
2026-02-12Grady Christopher W.Other0——
2026-02-12Grady Christopher W.Buy71$695.0649.35K
2026-02-12Grady Christopher W.Other0——
2026-02-11Hardesty Michael ABuy1.38K——
2026-02-11Hardesty Michael ABuy1.73K——
2026-02-11Hardesty Michael ASell566$678.83384.22K
2026-02-11Hardesty Michael ASell1.73K——
2026-02-11Hardesty Michael ABuy379——
2026-02-11Jones Thomas HBuy5.93K——
2026-02-11Jones Thomas HSell6.91K——
2026-02-11Jones Thomas HBuy6.91K——
2026-02-11Jones Thomas HSell3.06K$678.832.08M
2026-02-11Jones Thomas HBuy1.70K——
2026-02-11Simpson Kathryn GBuy3.62K——
2026-02-11Simpson Kathryn GSell1.33K——
2026-02-11Simpson Kathryn GBuy1.47K——
2026-02-11Simpson Kathryn GBuy1.33K——
2026-02-11Simpson Kathryn GSell461$678.83312.94K
2026-02-11Warden Kathy JBuy34.55K——
2026-02-11Warden Kathy JSell15.37K$678.8310.43M
2026-02-11Warden Kathy JBuy28.79K——
2026-02-11Warden Kathy JSell34.55K——
2026-02-11Warden Kathy JBuy8.11K——
2026-02-11Greene JohnBuy5.36K——
2026-02-11Greene JohnBuy4.98K——
2026-02-11Davies Benjamin R.Buy4.71K——
2026-02-11Davies Benjamin R.Sell3.16K——
2026-02-11Davies Benjamin R.Buy1.70K——
2026-02-11Davies Benjamin R.Buy3.16K——
2026-02-11Davies Benjamin R.Sell1.21K$678.83824.10K

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 1.88K, holders -77 vs prior quarter. Ownership 85.12%.

HolderSharesChangeChange %Value
STATE STREET CORP13.17M168.27K+1.29%6.71B
BLACKROCK, INC.11.78M901.30K+8.28%6.00B
VANGUARD CAPITAL MANAGEMENT LLC9.00M47.91K+0.54%4.58B
CAPITAL INTERNATIONAL INVESTORS5.85M-1.24M-17.53%2.98B
CAPITAL WORLD INVESTORS5.06M-1.83M-26.55%2.58B
WELLINGTON MANAGEMENT GROUP LLP4.93M-37.88K-0.76%2.51B
VANGUARD PORTFOLIO MANAGEMENT LLC3.60M89.91K+2.57%1.83B
MORGAN STANLEY3.56M-46.46K-1.29%1.81B
FRANKLIN TEMPLETON INC3.37M95.74K+2.92%1.72B
GEODE CAPITAL MANAGEMENT, LLC3.26M48.07K+1.50%1.66B
BANK OF AMERICA CORP /DE/2.55M-96.04K-3.63%1.30B
INVESCO LTD.1.85M194.24K+11.72%942.76M
SANDERS CAPITAL, LLC1.83M-38.98K-2.09%931.15M
PRICE T ROWE ASSOCIATES INC /MD/1.81M71.47K+4.11%922.49M
JPMORGAN CHASE & CO1.40M-647.33K-31.61%694.56M
FMR LLC1.30M-801.65K-38.07%664.04M
MIRAE ASSET GLOBAL ETFS HOLDINGS LTD.1.18M487.43K+70.35%601.14M
T. ROWE PRICE INVESTMENT MANAGEMENT, INC.1.16M1.16MNew590.66M
MASSACHUSETTS FINANCIAL SERVICES CO /MA/1.12M-398.24K-26.21%572.22M
NORTHERN TRUST CORP1.11M25.43K+2.34%567.25M
GOLDMAN SACHS GROUP INC1.07M-68.35K-6.03%542.47M
AMERIPRISE FINANCIAL INC1.04M29.68K+2.93%531.37M
DIMENSIONAL FUND ADVISORS LP1.02M56.90K+5.92%518.20M
CHARLES SCHWAB INVESTMENT MANAGEMENT INC881.62K8.76K+1.00%449.02M
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.881.62K881.62KNew449.02M

Insights

Revenue by product
PeriodValue
FY2010Electronic Systems: 7613000000.0, Information Systems: 8395000000.0, Shipbuilding: 8000000.0, Space Systems: 10910000000.0, Technology Services: 3230000000.0
FY2011Electronic Systems: 7372000000.0, Information Systems: 7921000000.0, Intersegment Eliminations: -2038000000.0, Space Systems: 10458000000.0, Technology Services: 2699000000.0
FY2012Electronic Systems: 6950000000.0, Information Systems: 7356000000.0, Intersegment Eliminations: -2084000000.0, Space Systems: 9977000000.0, Technology Services: 3019000000.0
FY2013Electronic Systems: 7149000000.0, Information Systems: 6596000000.0, Intersegment Eliminations: 1941000000.0, Space Systems: 10014000000.0, Technology Services: 2843000000.0
FY2014Electronic Systems: 6951000000.0, Information Systems: 6222000000.0, Space Systems: 9997000000.0, Technology Services: 2799000000.0
FY2015Electronic Systems: 6842000000.0, Information Systems: 5894000000.0, Space Systems: 10004000000.0, Technology Services: 2838000000.0
FY2016Mission Systems: 10928000000.0, Space Systems: 10828000000.0, Technology Services: 4825000000.0
FY2017Mission Systems: 11382000000.0, Space Systems: 11955000000.0, Technology Services: 4750000000.0
FY2018Aerospace Systems: 13096000000.0, Innovation Systems: 3276000000.0, Intersegment Eliminations: -2283000000.0, Mission Systems: 11709000000.0, Technology Services: 4297000000.0
FY2019Aeronautics Systems: 13862000000.0, Defense Systems: 6119000000.0, Intersegment Eliminations: -2513000000.0, Mission Systems: 12263000000.0, Space Systems: 4110000000.0
FY2020Aeronautics Systems: 12169000000.0, Defense Systems: 7543000000.0, Intersegment Eliminations: -1737000000.0, Mission Systems: 10080000000.0, Space Systems: 8744000000.0
FY2021Aeronautics Systems: 11259000000.0, Defense Systems: 5776000000.0, Intersegment Eliminations: -2110000000.0, Mission Systems: 10134000000.0, Space Systems: 10608000000.0
FY2022Aeronautics Systems: 10531000000.0, Defense Systems: 5579000000.0, Intersegment Eliminations: -2179000000.0, Mission Systems: 10396000000.0, Space Systems: 12275000000.0
FY2023Aeronautics Systems: 10786000000.0, Defense Systems: 8289000000.0, Intersegment Eliminations: -2553000000.0, Mission Systems: 10895000000.0, Space Systems: 11873000000.0
FY2024Aeronautics Systems: 12030000000.0, Defense Systems: 8560000000.0, Intersegment Eliminations: -2687000000.0, Mission Systems: 11399000000.0, Space Systems: 11731000000.0
FY2025Aeronautics Systems: 12992000000.0, Defense Systems: 8002000000.0, Intersegment Eliminations: -2317000000.0, Mission Systems: 12506000000.0, Space Systems: 10771000000.0
Revenue by region
PeriodValue
FY2018All Other - Geographic Region [Domain]: 2768000000.0, Asia Pacific: 1666000000.0, UNITED STATES: 25661000000.0
FY2019All Other - Geographic Region [Domain]: 1485000000.0, Asia Pacific: 1836000000.0, Europe: 1833000000.0, UNITED STATES: 28687000000.0
FY2020All Other - Geographic Region [Domain]: 1138000000.0, Asia Pacific: 1968000000.0, Europe: 2082000000.0, UNITED STATES: 31611000000.0
FY2021All Other - Geographic Region [Domain]: 936000000.0, Asia Pacific: 1939000000.0, Europe: 2107000000.0, UNITED STATES: 30685000000.0
FY2022All Other - Geographic Region [Domain]: 794000000.0, Asia Pacific: 1802000000.0, Europe: 2252000000.0, UNITED STATES: 31754000000.0
FY2023All Other - Geographic Region [Domain]: 882000000.0, Asia Pacific: 1568000000.0, Europe: 2455000000.0, UNITED STATES: 34385000000.0
FY2024All Other - Geographic Region [Domain]: 611000000.0, Asia Pacific: 1552000000.0, Europe: 2837000000.0, UNITED STATES: 36033000000.0
FY2025Asia Pacific: 1919000000.0, Europe: 3286000000.0

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Northrop Grumman (NOC) Stock Insights

NOC$552.77+1.54 +0.28%

$78.53B

Market Cap

17.80

P/E

18.73

Forward P/E

42

Score

Price History