Market Summary
USD455.25+10.81
Market Closed2.43%
NOC Alerts
NOC Stock Price
NOC RSI Chart
NOC Valuation
NOC Price/Sales (Trailing)
NOC Profitability
NOC Fundamentals
NOC Revenue
NOC Earnings
Price Action
52 Week Range
426.86554.43
(Low)(High)
Last 7 days
1.1%
Last 30 days
-4.6%
Last 90 days
-14.9%
Trailing 12 Months
1.2%
NOC Financial Health
NOC Investor Care
Peers (Alternatives to NORTHROP GRUMMAN)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
LMT | 124.4B | 66.0B | -1.04% | 6.18% | 21.7 | 1.88 | -1.58% | -9.23% |
BA | 117.7B | 66.6B | -4.00% | 4.49% | -23.86 | 1.77 | 6.94% | -17.44% |
NOC | 69.7B | 36.6B | -4.56% | 1.21% | 14.24 | 1.9 | 2.62% | -30.11% |
TDG | 40.2B | 5.6B | -5.01% | 4.17% | 43.17 | 7.14 | 15.29% | 17.40% |
LHX | 36.8B | 17.1B | -8.93% | -23.71% | 34.66 | 2.16 | -4.22% | -42.47% |
| MID-CAP | ||||||||
HEI | 9.7B | 2.3B | -4.88% | 6.87% | 27.48 | 4.38 | 20.68% | 11.62% |
HII | 8.0B | 10.7B | -8.87% | -0.16% | 13.78 | 0.75 | 12.10% | 6.43% |
BWXT | 5.6B | 2.2B | 3.10% | 13.20% | 23.51 | 2.51 | 5.12% | -22.13% |
SPR | 2.4B | 5.0B | -10.77% | -36.34% | -5.96 | 0.54 | 27.24% | -0.91% |
AVAV | 2.3B | 487.1M | 5.72% | -9.46% | -290.18 | 4.67 | 8.46% | -5840.15% |
| SMALL-CAP | ||||||||
AIR | 1.6B | 1.8B | 1.32% | 7.30% | 17.55 | 0.87 | 6.02% | 23.12% |
TGI | 677.9M | 1.4B | -18.13% | -61.81% | 7.02 | 0.49 | -10.88% | 191.35% |
DCO | 637.3M | 712.5M | -3.87% | -2.52% | 22.14 | 0.89 | 10.40% | -78.76% |
ATRO | 292.4M | 492.8M | -14.20% | -7.84% | -14.86 | 0.62 | 11.07% | 41.98% |
PKE | 256.3M | 53.0M | -21.01% | -5.12% | 32.11 | 4.83 | -4.49% | 5.85% |
Financials for NORTHROP GRUMMAN
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 4.0% | 36,602 | 35,208 | 34,957 | 35,307 | 35,667 |
| Operating Expenses | 3.9% | 33,001 | 31,771 | 31,321 | 31,581 | 31,996 |
| S&GA Expenses | 2.9% | 3,873 | 3,764 | 3,681 | 3,675 | 3,597 |
| R&D Expenses | - | 1,100 | - | - | - | - |
| EBITDA | -10.5% | 7,178 | 8,020 | 8,192 | 8,314 | - |
| EBITDA Margin | -13.9% | 0.20* | 0.23* | 0.23* | 0.24* | - |
| Earnings Before Taxes | -13.3% | 5,836 | 6,729 | 6,914 | 7,066 | 8,938 |
| EBT Margin | -16.6% | 0.16* | 0.19* | 0.20* | 0.20* | - |
| Net Income | -11.4% | 4,896 | 5,526 | 5,674 | 5,765 | 7,005 |
| Net Income Margin | -14.8% | 0.13* | 0.16* | 0.16* | 0.16* | - |
| Free Cahsflow | 163.7% | 1,466 | 556 | 433 | 1,691 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 2.4% | 43,755 | 42,733 | 41,914 | 41,903 | 42,579 |
| Current Assets | 1.5% | 12,488 | 12,298 | 11,637 | 11,556 | 12,426 |
| Cash Equivalents | 54.7% | 2,577 | 1,666 | 1,169 | 2,174 | 3,530 |
| Inventory | - | 811 | - | - | - | - |
| Net PPE | 5.7% | 8,800 | 8,325 | 8,125 | 8,017 | 7,894 |
| Goodwill | 0% | 17,516 | 17,516 | 17,518 | 17,523 | 17,515 |
| Liabilities | -1.2% | 28,443 | 28,790 | 28,263 | 28,616 | 29,653 |
| Current Liabilities | 7.2% | 11,587 | 10,812 | 8,976 | 8,850 | 9,530 |
| LT Debt, Current | 0.3% | 1,072 | 1,069 | 14.00 | 7.00 | 6.00 |
| LT Debt, Non Current | 0.0% | 11,805 | 11,803 | 12,834 | 12,825 | 12,777 |
| Shareholder's Equity | 9.8% | 15,312 | 13,943 | 13,651 | 13,287 | 12,926 |
| Retained Earnings | 9.7% | 15,312 | 13,955 | 13,655 | 13,277 | 12,913 |
| Additional Paid-In Capital | NaN% | - | - | - | - | - |
| Accumulated Depreciation | 0.2% | 7,258 | 7,243 | 7,099 | 6,961 | 6,819 |
| Shares Outstanding | -0.6% | 153 | 154 | 155 | 156 | 156 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 38.7% | 2,901 | 2,092 | 1,920 | 3,145 | 3,567 |
| Share Based Compensation | 4.2% | 99.00 | 95.00 | 96.00 | 94.00 | 94.00 |
| Cashflow From Investing | 11.6% | -1,241 | -1,404 | -1,432 | -1,387 | 2,058 |
| Cashflow From Financing | 15.1% | -2,613 | -3,077 | -3,260 | -3,101 | -7,002 |
| Dividend Payments | 1.9% | 1,052 | 1,032 | 1,016 | 996 | 983 |
| Buy Backs | -24.5% | 1,504 | 1,992 | 2,202 | 2,023 | 3,705 |
Risks for NOC
What is the probability of a big loss on NOC?
38.1%
Probability that NORTHROP GRUMMAN stock will be more than 20% underwater in next one year
6.5%
Probability that NORTHROP GRUMMAN stock will be more than 30% underwater in next one year.
0%
Probability that NORTHROP GRUMMAN stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does NOC drawdown profile look like?
Y-axis is the maximum loss one would have experienced if NORTHROP GRUMMAN was unfortunately bought at previous high price.
Drawdowns
Returns for NOC
Cumulative Returns on NOC
22.8%
10-Year Cumulative Returns
14.7%
7-Year Cumulative Returns
7.3%
5-Year Cumulative Returns
19.2%
3-Year Cumulative Returns
What are the long-term rolling returns for NOC?
FIve years rolling returns for NORTHROP GRUMMAN.
Annualized Returns
Which funds bought or sold NOC recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | added | 2.56 | 980,545 | 6,146,540 | 0.17% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 3.95 | 11,377,900 | 66,623,900 | 0.07% |
2023-03-10 | MATHER GROUP, LLC. | new | - | 256,209 | 256,209 | -% |
2023-03-06 | Aldebaran Financial Inc. | reduced | -3.51 | 58,171 | 600,171 | 0.64% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 6.71 | 3,470,000 | 18,058,000 | 0.09% |
2023-03-06 | BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL | reduced | -32.00 | -62,116 | 231,884 | 0.09% |
2023-03-03 | TIAA, FSB | reduced | -6.85 | 825,152 | 11,061,200 | 0.04% |
2023-03-03 | Crumly & Associates Inc. | added | 15.28 | 144,965 | 575,965 | 0.22% |
2023-03-02 | RESTON WEALTH MANAGEMENT LLC | unchanged | - | 61,855 | 446,855 | 0.25% |
2023-03-02 | OLIVER LAGORE VANVALIN INVESTMENT GROUP | added | 200 | 15,279 | 21,279 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
NOC Alerts
NORTHROP GRUMMAN News
Schedule 13G FIlings of NORTHROP GRUMMAN
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 13, 2023 | capital international investors | 7.9% | 12,116,134 | SC 13G/A | |
| Feb 10, 2023 | state street corp | 9.21% | 14,174,865 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 7.95% | 12,230,478 | SC 13G/A | |
| Feb 06, 2023 | wellington management group llp | 4.24% | 6,526,505 | SC 13G/A | |
| Feb 01, 2023 | blackrock inc. | 6.3% | 9,687,911 | SC 13G/A | |
| Feb 14, 2022 | state street corp | 9.37% | 14,858,773 | SC 13G/A | |
| Feb 11, 2022 | capital international investors | 8.2% | 12,955,596 | SC 13G/A | |
| Feb 04, 2022 | wellington management group llp | 5.48% | 8,692,455 | SC 13G/A | |
| Feb 03, 2022 | blackrock inc. | 5.4% | 8,631,520 | SC 13G/A | |
| Feb 24, 2021 | state street corp | 9.66% | 16,098,467 | SC 13G/A |
NOC Fair Value
NORTHROP GRUMMAN fair value in different scenarios
The table shows the Fair Value estimates for NORTHROP GRUMMAN for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 319.05 -29.92% | 476.93 4.76% | 663.18 45.67% | 969.86 113.04% | 1167.47 156.45% |
| Current Inflation | 296.34 -34.91% | 432.84 -4.92% | 589.37 29.46% | 844.69 85.54% | 1008.41 121.51% |
| Very High Inflation | 268.00 -41.13% | 379.46 -16.65% | 502.30 10.33% | 700.48 53.87% | 826.79 81.61% |
Historical NORTHROP GRUMMAN Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of NORTHROP GRUMMAN
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 16, 2023 | 3 | Insider Trading | |
| Mar 16, 2023 | 4 | Insider Trading | |
| Mar 16, 2023 | 4 | Insider Trading | |
| Mar 16, 2023 | PRE 14A | PRE 14A | |
| Mar 15, 2023 | 3 | Insider Trading | |
| Mar 15, 2023 | 3/A | Insider Trading | |
| Mar 15, 2023 | 8-K | Current Report | |
| Mar 13, 2023 | S-3ASR | S-3ASR | |
| Mar 08, 2023 | 4 | Insider Trading | |
| Mar 07, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for NOC
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-15 | WINSTON MARY A | acquired | 30,974 | 448 | 69.00 | - |
2023-03-15 | Ross Kimberly A. | acquired | 30,974 | 448 | 69.00 | - |
2023-03-06 | Perry David T | sold | -1,878,190 | 469 | -3,999 | cvp chief global bus off |
2023-03-03 | Caylor Mark A | sold | -1,313,910 | 467 | -2,810 | cvp & pres, mission systems |
2023-03-02 | Ryan Lucy C | sold | -254,562 | 460 | -553 | corp vp, communications |
2023-02-28 | Hardesty Michael A | sold | -336,400 | 470 | -715 | corp vp, controller & cao |
2023-02-21 | CHESTON SHEILA C. | sold | -391,219 | 474 | -824 | corp. vp & general counsel |
2023-02-21 | Jones Thomas H | sold | -345,737 | 474 | -728 | cvp & pres aeronautics systems |
2023-02-21 | Hardesty Michael A | sold | -99,229 | 474 | -209 | corp vp, controller & cao |
2023-02-17 | Jones Thomas H | sold | -204,794 | 465 | -440 | cvp & pres aeronautics systems |
Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems. Its Defense Systems segment designs, develops, and produces weapons and mission systems. It offers products and services, such as integrated battle management systems, weapons systems and aircraft, and mission systems. This segment also provides command and control and weapons systems, including munitions and missiles; precision strike weapons; propulsion, such as air-breathing and hypersonic systems; gun systems and precision munitions; life cycle service and support for software, weapons systems, and aircraft; and logistics support, sustainment, operation, and modernization for air, sea, and ground systems. The company's Mission Systems segment offers cyber, command, control, communications and computers, intelligence, surveillance, and reconnaissance systems; radar, electro-optical/infrared and acoustic sensors; electronic warfare systems; advanced communications and network systems; cyber solutions; intelligence processing systems; navigation; and maritime power, propulsion, and payload launch systems. This segment also provides airborne multifunction sensors; maritime/land systems and sensors; navigation, targeting, and survivability solutions; and networked information solutions. Its Space Systems segment offers satellites and payloads; ground systems; missile defense systems and interceptors; launch vehicles and related propulsion systems; and strategic missiles. The company was founded in 1939 and is based in Falls Church, Virginia.
NOC Income Statement
2022-12-31Consolidated Statements of Earnings and Comprehensive Income - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Revenues | $ 36,602 | $ 35,667 | $ 36,799 |
| Operating income | 3,601 | 5,651 | 4,065 |
| Operating costs and expenses | |||
| General and administrative expenses | 3,873 | 3,597 | 3,413 |
| Total operating costs and expenses | 33,001 | 31,996 | 32,734 |
| Gain on sale of business | 0 | 1,980 | 0 |
| Operating income | 3,601 | 5,651 | 4,065 |
| Other (expense) income | |||
| Interest expense | (506) | (556) | (593) |
| Non-operating FAS pension benefit | 1,505 | 1,469 | 1,198 |
| Mark-to-market pension and OPB benefit (expense) | 1,232 | 2,355 | (1,034) |
| Other, net | 4 | 19 | 92 |
| Earnings before income taxes | 5,836 | 8,938 | 3,728 |
| Federal and foreign income tax expense | 940 | 1,933 | 539 |
| Net earnings | $ 4,896 | $ 7,005 | $ 3,189 |
| Basic earnings per share | |||
| Basic earnings per share | $ 31.61 | $ 43.70 | $ 19.08 |
| Weighted-average common shares outstanding, in millions | 154.9 | 160.3 | 167.1 |
| Diluted earnings per share | |||
| Diluted earnings per share | $ 31.47 | $ 43.54 | $ 19.03 |
| Weighted-average diluted shares outstanding, in millions | 155.6 | 160.9 | 167.6 |
| Net earnings (from above) | $ 4,896 | $ 7,005 | $ 3,189 |
| Other comprehensive loss, net of tax | |||
| Change in unamortized prior service credit | (1) | (8) | (41) |
| Change in cumulative translation adjustment and other, net | (9) | (7) | 10 |
| Other comprehensive loss, net of tax | (10) | (15) | (31) |
| Comprehensive income | 4,886 | 6,990 | 3,158 |
| Product [Member] | |||
| Cost of Goods and Services Sold | 22,761 | 22,309 | 21,559 |
| Revenues | 28,522 | 27,868 | 27,015 |
| Service [Member] | |||
| Cost of Goods and Services Sold | 6,367 | 6,090 | 7,762 |
| Revenues | $ 8,080 | $ 7,799 | $ 9,784 |
NOC Balance Sheet
2022-12-31Consolidated Statements of Financial Position - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $ 2,577 | $ 3,530 |
| Accounts receivable, net | 1,511 | 1,467 |
| Unbilled receivables, net | 5,983 | 5,492 |
| Inventoried costs, net | 978 | 811 |
| Prepaid expenses and other current assets | 1,439 | 1,126 |
| Total current assets | 12,488 | 12,426 |
| Property, plant and equipment, net of accumulated depreciation of $7,258 for 2022 and $6,819 for 2021 | 8,800 | 7,894 |
| Operating lease right-of-use assets | 1,811 | 1,655 |
| Goodwill | 17,516 | 17,515 |
| Intangible assets, net | 384 | 578 |
| Deferred tax assets | 162 | 200 |
| Other non-current assets | 2,594 | 2,311 |
| Total assets | 43,755 | 42,579 |
| Liabilities | ||
| Trade accounts payable | 2,587 | 2,197 |
| Accrued employee compensation | 2,057 | 1,993 |
| Advance payments and billings in excess of costs incurred | 3,609 | 3,026 |
| Other current liabilities | 3,334 | 2,314 |
| Total current liabilities | 11,587 | 9,530 |
| Long-term debt, net of current portion of $1,072 for 2022 and $6 for 2021 | 11,805 | 12,777 |
| Pension and other postretirement benefit plan liabilities | 1,188 | 3,269 |
| Operating lease liabilities | 1,824 | 1,590 |
| Deferred tax liabilities | 132 | 490 |
| Other non-current liabilities | 1,907 | 1,997 |
| Total liabilities | 28,443 | 29,653 |
| Commitments and contingencies (Note 12) | ||
| Shareholders’ equity | ||
| Preferred stock, $1 par value; 10,000,000 shares authorized; no shares issued and outstanding | 0 | 0 |
| Common stock, $1 par value; 800,000,000 shares authorized; issued and outstanding: 2022—153,157,924 and 2021—156,284,423 | 153 | 156 |
| Paid-in capital | 0 | 0 |
| Retained earnings | 15,312 | 12,913 |
| Accumulated other comprehensive loss | (153) | (143) |
| Total shareholders’ equity | 15,312 | 12,926 |
| Total liabilities and shareholders’ equity | $ 43,755 | $ 42,579 |