Northrop Grumman Corporation +

Northrop Grumman Corporation

Company

Ticker

NOC

RTX

LMT

Headquarter

Falls Church ,VA

Evendale ,OH

Arlington ,VA

Bethesda ,MD

CEO

Kathy J. Warden

H. Lawrence Culp Jr.

Christopher T. Calio

James D. Taiclet Jr.

Industry

Aerospace & Defense

Stock Price

Market Cap

$83.16 B

$296.11 B

$210.85 B

$108.30 B

Employees

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

2022
2023
2024

Employees

95.00 K
101.00 K
97.00 K

172.00 K
125.00 K
53.00 K

182.00 K
185.00 K
186.00 K

116.00 K
122.00 K
121.00 K

Y/Y

7.95%

6.32%

3.96%

2.38%

27.33%

57.6%

4.6%

1.65%

0.54%

1.75%

5.17%

0.82%

Income Statement

Revenue

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

2022
2023
2024

Revenue

$36.60 B
$39.29 B
$41.03 B

$29.14 B
$35.35 B
$38.70 B

$67.07 B
$68.92 B
$80.74 B

$65.98 B
$67.57 B
$71.04 B

Y/Y

2.62%

7.34%

4.44%

48.4%

21.31%

9.49%

4.22%

2.75%

17.15%

1.58%

2.41%

5.14%

Revenue by Products / Services

Revenue by Geography

Research and Development

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

2022
2023
2024

Research and Development

$1.20 B
$1.20 B
$1.10 B

$808.00 M
$1.01 B
$1.29 B

$2.71 B
$2.81 B
$2.93 B

Y/Y

9.09%

8.33%

51.96%

25.12%

27.2%

0.77%

3.47%

4.6%

Operating Income

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

2022
2023
2024

Operating Income

$3.60 B
$2.54 B
$4.37 B

$3.60 B
$4.72 B
$6.76 B

$5.38 B
$3.48 B
$6.67 B

$8.35 B
$8.51 B
$7.01 B

Y/Y

36.28%

29.55%

72.25%

239.89%

31.17%

43.33%

15.36%

35.46%

91.94%

8.5%

1.9%

17.56%

Tax Rate (%)

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

2022
2023
2024

Tax Rate (%)

16.00%
12.00%
17.00%

11.00%
10.00%
13.00%

13.00%
12.00%
19.00%

14.00%
15.00%
14.00%

Y/Y

25.52%

23.28%

35.84%

16.48%

14.23%

32.56%

19.01%

7.9%

60.39%

13.26%

2.54%

2.34%

Net Income

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

2022
2023
2024

Net Income

$4.90 B
$2.06 B
$4.17 B

$336.00 M
$9.48 B
$6.56 B

$5.20 B
$3.20 B
$4.77 B

$5.73 B
$6.92 B
$5.34 B

Y/Y

30.11%

58.01%

103.02%

105.3%

2722.02%

30.86%

34.5%

38.52%

49.42%

9.23%

20.73%

22.89%

Revenue Per Employee

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

2022
2023
2024

Revenue Per Employee

$385.28 K
$389.01 K
$423.02 K

$169.41 K
$282.78 K
$730.23 K

$368.54 K
$372.54 K
$434.08 K

$568.83 K
$553.86 K
$587.13 K

Y/Y

4.94%

0.97%

8.74%

49.6%

66.92%

158.23%

0.36%

1.09%

16.52%

3.28%

2.63%

6.01%

Net Income Per Employee

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

2022
2023
2024

Net Income Per Employee

$51.54 K
$20.36 K
$43.03 K

$1.95 K
$75.86 K
$123.70 K

$28.55 K
$17.27 K
$25.67 K

$49.41 K
$56.72 K
$44.10 K

Y/Y

35.26%

60.5%

111.39%

105.18%

3783.1%

63.07%

28.59%

39.52%

48.62%

10.8%

14.79%

22.25%

Assets & Liabilities | Cash Flow

Total Assets

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

2022
2023
2024

Total Assets

$43.76 B
$46.54 B
$49.36 B

$188.85 B
$176.11 B
$125.76 B

$158.86 B
$161.87 B
$162.86 B

$52.88 B
$52.46 B
$55.62 B

Y/Y

2.76%

6.37%

6.05%

5.04%

6.75%

28.59%

1.57%

1.89%

0.61%

3.95%

0.8%

6.03%

Total Liabilities

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

2022
2023
2024

Total Liabilities

$28.44 B
$31.75 B
$34.07 B

$153.94 B
$147.50 B
$106.20 B

$84.65 B
$100.42 B
$100.90 B

$43.61 B
$45.62 B
$49.28 B

Y/Y

4.08%

11.62%

7.31%

2.02%

4.18%

28%

2.37%

18.63%

0.48%

9.27%

4.6%

8.03%

Capital Expenditures (Capex)

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

2022
2023
2024

Capital Expenditures (Capex)

-$1.44 B
-$1.78 B
-$1.77 B

-$1.17 B
-$1.60 B
-$1.03 B

-$2.78 B
-$3.17 B
-$2.63 B

-$1.67 B
-$1.69 B
-$1.69 B

Y/Y

1.41%

23.69%

0.45%

5.48%

35.86%

35.3%

19.51%

14.09%

17.09%

9.72%

1.26%

0.35%

Profitability

Operating Income Margin (%)

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

2022
2023
2024

Operating Income Margin (%)

9.84%
6.46%
10.65%

12.34%
13.34%
17.47%

8.03%
5.04%
8.26%

12.65%
12.59%
9.87%

Y/Y

37.88%

34.35%

64.86%

559.89%

8.1%

30.96%

10.76%

37.24%

63.89%

7.05%

0.47%

21.6%

Net Income Margin (%)

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

2022
2023
2024

Net Income Margin (%)

13.38%
5.23%
10.17%

1.15%
26.82%
16.94%

7.75%
4.64%
5.91%

8.69%
10.24%
7.51%

Y/Y

31.87%

60.91%

94.46%

110.25%

2232.17%

36.84%

29.17%

40.13%

27.37%

7.75%

17.84%

26.66%

EBITDA

2021	8734000000.00
2022	7684000000.00
2023	4229000000.00
2024	6839000000.00

2021	-1545000000.00
2022	4045000000.00
2023	12649000000.00
2024	9790000000.00

2021	10556000000.00
2022	11174000000.00
2023	9374000000.00
2024	12164000000.00

2021	9483000000.00
2022	8707000000.00
2023	10444000000.00
2024	8816000000.00

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

2022
2023
2024

EBITDA

$7.68 B
$4.23 B
$6.84 B

$4.05 B
$12.65 B
$9.79 B

$11.17 B
$9.37 B
$12.16 B

$8.71 B
$10.44 B
$8.82 B

Y/Y

12.02%

44.96%

61.72%

361.81%

212.71%

22.6%

5.85%

16.11%

29.76%

8.18%

19.95%

15.59%

Free Cash Flow (FCF)

2021	2152000000.00
2022	1466000000.00
2023	2100000000.00
2024	2621000000.00

2021	2368000000.00
2022	4742000000.00
2023	3584000000.00
2024	3678000000.00

2021	4749000000.00
2022	4393000000.00
2023	4717000000.00
2024	4534000000.00

2021	7699000000.00
2022	6132000000.00
2023	6229000000.00
2024	5287000000.00

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

2022
2023
2024

Free Cash Flow (FCF)

$1.47 B
$2.10 B
$2.62 B

$4.74 B
$3.58 B
$3.68 B

$4.39 B
$4.72 B
$4.53 B

$6.13 B
$6.23 B
$5.29 B

Y/Y

31.88%

43.25%

24.81%

100.25%

24.42%

2.62%

7.5%

7.38%

3.88%

20.35%

1.58%

15.12%

Ratios

Return on Equity (ROE)

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

2022
2023
2024

Return on Equity (ROE)

31.97%
13.90%
27.30%

1.00%
34.60%
33.90%

7.16%
5.34%
7.94%

61.86%
101.24%
84.26%

Y/Y

41%

56.52%

96.4%

106.36%

3360%

2.02%

35.35%

25.42%

48.69%

7.36%

63.66%

16.77%

Return on Assets (ROA)

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

2022
2023
2024

Return on Assets (ROA)

11.19%
4.42%
8.46%

0.18%
5.38%
5.21%

3.27%
1.97%
2.93%

10.84%
13.19%
9.59%

Y/Y

31.98%

60.5%

91.4%

105.64%

2888.89%

3.16%

36.82%

39.76%

48.73%

12.65%

21.68%

27.29%

Debt to Equity

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

2022
2023
2024

Debt to Equity

97.96%
108.47%
120.31%

77.60%
79.42%
105.36%

46.12%
75.65%
71.30%

167.79%
255.44%
320.07%

Y/Y

13.61%

10.73%

10.92%

17.75%

2.35%

32.66%

1.68%

64.03%

5.75%

57.49%

52.24%

25.3%

Valuation

Enterprise Value

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

2022
2023
2024

Enterprise value

$96.94 B
$83.86 B
$83.03 B

$67.49 B
$117.41 B
$187.73 B

$176.19 B
$158.64 B
$191.47 B

$141.29 B
$129.46 B
$133.59 B

Y/Y

32.48%

13.49%

0.99%

22.25%

73.95%

59.89%

14.01%

9.96%

20.7%

32.9%

8.37%

3.19%

Enterprise value to Revenue

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

2022
2023
2024

Enterprise value to Revenue

2.65
2.13
2.02

2.32
3.32
4.85

2.63
2.30
2.37

2.14
1.92
1.88

Y/Y

29.09%

19.41%

5.2%

50.66%

43.4%

46.04%

9.4%

12.38%

3.03%

35.04%

10.52%

1.86%

Enterprise value to EBITDA

Years

2022
2023
2024

2022
2023
2024

2022
2023
2024

2022
2023
2024

Enterprise value to EBITDA

12.62
19.83
12.14

16.69
9.28
19.18

15.77
16.92
15.74

16.23
12.40
15.15

Y/Y

50.58%

57.19%

38.78%

129.7%

44.37%

106.58%

7.7%

7.33%

6.99%

44.75%

23.61%

22.24%

Northrop Grumman Corporation Competitors & Alternatives

Income Statement

Assets & Liabilities | Cash Flow

Profitability

Ratios

Valuation

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