Northrop Grumman Corporation's Income Statement Analysis: Revenue to Profit Breakdown
Northrop Grumman Corporation's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$35.67 B | $36.60 B | $39.29 B | $41.03 B | $41.95 B | $42.89 B |
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Cost of Revenue Direct cost of goods/services. |
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$28.40 B | $29.13 B | $32.74 B | $32.67 B | $33.64 B | $34.29 B |
Gross Profit Revenue minus cost of revenue. |
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$7.27 B | $7.47 B | $6.55 B | $8.36 B | $8.31 B | $8.60 B |
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Operating Expense
Costs to run business. |
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$1.62 B | $3.87 B | $4.01 B | $3.99 B | $4.03 B | $4.24 B |
Research and Development Investment in innovation. |
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$1.10 B | $1.20 B | $1.20 B | $1.10 B | $1.10 B | - |
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Sales, General and Administrative
Selling and admin costs. |
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$227.00 M | $1.14 B | $3.91 B | $2.89 B | $4.03 B | $3.70 B |
General and Administrative Corporate overhead costs. |
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$3.60 B | $3.87 B | $4.01 B | $3.99 B | $4.03 B | $4.01 B |
Sales and Marketing Customer acquisition costs. |
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-$3.37 B | -$2.74 B | -$108.00 M | -$1.10 B | - | -$302.00 M |
Other Expenses Other operating costs. |
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$290.00 M | $1.54 B | -$1.09 B | -$1.00 M | -$1.10 B | $533.00 M |
Operating Income Profit from operations. |
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$5.65 B | $3.60 B | $2.54 B | $4.37 B | $4.28 B | $4.37 B |
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Net Interest Income
Interest income minus expense. |
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-$556.00 M | -$506.00 M | -$545.00 M | -$621.00 M | -$665.00 M | -$659.00 M |
Interest Income Income from investments. |
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- | - | - | - | - | - |
Interest Expense Cost of borrowing. |
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$556.00 M | $506.00 M | $545.00 M | $621.00 M | $665.00 M | $659.00 M |
Non-Operating Income (ex-Int) Income outside core operations. |
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-$1.84 B | -$2.74 B | -$354.00 M | -$1.10 B | -$1.45 B | -$1.55 B |
Total Other Income (Net) Net non-operating items. |
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$3.29 B | $2.24 B | -$191.00 M | $646.00 M | $788.00 M | $894.00 M |
Income Before Tax Profit before taxes. |
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$8.94 B | $5.84 B | $2.35 B | $5.02 B | $5.07 B | $5.26 B |
Income Tax Expense Taxes on income. |
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$1.93 B | $940.00 M | $290.00 M | $842.00 M | $886.00 M | $765.00 M |
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Net Income
Final profit. |
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$7.01 B | $4.90 B | $2.06 B | $4.17 B | $4.18 B | $4.50 B |
Net Income From Continuing Operations Profit from core business. |
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$7.01 B | $4.90 B | $2.06 B | $4.17 B | $4.18 B | $4.50 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$43.70 | $31.61 | $13.57 | $28.39 | $29.14 | $31.54 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$43.54 | $31.47 | $13.53 | $28.34 | $29.08 | $31.48 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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160.30 M | 154.90 M | 151.50 M | 147.00 M | 143.50 M | 142.10 M |
Diluted Average Shares Outst. Shares including dilution. |
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160.90 M | 155.60 M | 152.00 M | 147.30 M | 143.80 M | 142.40 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$7.50 B | $6.34 B | $2.89 B | $5.47 B | $5.73 B | $5.92 B |
EBITDA Earnings before interest, tax, D&A. |
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$8.73 B | $7.68 B | $4.23 B | $6.84 B | $7.21 B | $7.44 B |
Depreciation and Amortization Non-cash expense for assets. |
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$1.24 B | $1.34 B | $1.34 B | $1.37 B | $1.47 B | $1.52 B |
| Company Report |
Northrop Grumman Corporation's Assets vs Liabilities & Equity
Northrop Grumman Corporation's Assets vs Liabilities & Equity
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Data sources and methodology
| Last updated | Jun 30, 2026 |
| Latest financial periods ended |
Quarterly: Q2 FY2026 (June 30, 2026) Annual: FY 2025 (December 31, 2025) |
| Data provided by | Financial Modeling Prep |
| Original source | Company Forms 10-Q and 10-K filed with the SEC |
| Methodology | Company-reported financial statements and calculated financial ratios |
| Limitations | Historical values may change because of company restatements, reclassifications, or provider updates |
| Links | View source filings |




