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509.31 USD
P/E
15.67
EPS
31.90
Yield
1.86%
Safety Score
96
P/B
4.15
ROE
28.51
Beta
-0.12
Target Price
695.05 USD
Northrop Grumman Corporation logo

Northrop Grumman Corporation

🧾 Earnings Recap – Q1 2026

Northrop Grumman delivered a strong start to 2026 with 5% organic sales growth driven by increased modernizations and a robust defense budget environment, supported by solid bookings and expanding production capacity.

  • First quarter sales rose 5% organically, with notable growth in modernization programs such as the triad and missile systems.
  • Defense budgets, including a proposed $1.5 trillion for 2027, underpin sustained demand across key programs like B-21, Sentinel, and munitions.
  • Company invested over $1 billion in SRM and munition manufacturing, doubling tactical SRM capacity with further expansion slated for 2027.
  • Sentinel program makes significant progress with prototype construction, aiming for Milestone B this year and initial operational capability in the early 2030s.
  • B-21 stealth bomber testing is aggressive, with key milestones including aerial refueling trials, positioning for early 2027 delivery at Ellsworth AFB.
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Key Metrics
Earnings dateJuly 23, 2026
P/E15.67
EPS31.90
Book Value120.50
Price to Book4.15
Debt/Equity102.68
% Insiders0.244%
Growth
Revenue Growth0.04%
Earnings Growth0.85%
Estimates
Forward P/E16.59
Forward EPS30.14
Target Mean Price695.05
Dividend
Dividend Yield1.86%
Annual dividends9.40 USD
Ex-Div. DateJune 1, 2026
Payout28.93%
5y avg Yield1.60%

DCF Valuation

Tweak assumptions to recompute fair value for Northrop Grumman Corporation (NOC)
Currency: USD
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Decimal (e.g., 0.10 = 10%). Range allows declines (−50%) to strong growth (+50%).
Decimal (e.g., 0.30 = 30%).
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DCF Result

Fair Value (DCF)
Current Price
Upside
WACC
Terminal PV
Σ PV of FCFs
Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

Northrop Grumman Corporation Logo Northrop Grumman Corporation Analysis (NOC)

United States Industrials Official Website Stock

Is Northrop Grumman Corporation a good investment? Northrop Grumman Corporation (NOC) is currently trading at 509.31 USD. Market analysts have a consensus price target of 695.05 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 15.67. This valuation is generally in line with the broader market.

Earnings Schedule: Northrop Grumman Corporation is expected to release its next earnings report on July 23, 2026. The market consensus estimate for Forward EPS is 30.14.

For income investors, Northrop Grumman Corporation pays a dividend yield of 1.86%. With a payout ratio of 29%, the dividend appears sustainable.

Investor FAQ

Does Northrop Grumman Corporation pay a dividend?

Yes, it pays an annual dividend of 9.40 USD (1.86% yield).

What asset class is Northrop Grumman Corporation?

Northrop Grumman Corporation is classified as a Stock. You can compare it against 8 other assets in the "Related Symbols" list on this page.

When is the next earnings date?

The next earnings date is projected to be July 23, 2026. The company currently has a trailing EPS of 31.90.

Company Profile

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. It operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems and Space Systems. The Aeronautics Systems segment designs, develops, produces, integrates, sustains, and modernizes aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic, surveillance and reconnaissance 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, integrates, and produces strategic deterrent systems, tactical weapons, and missile defense solutions; and provides sustainment, modernization, and training services for manned and unmanned aircraft and electronics systems. This segment also offers strategic missiles; integrated all-domain command and control systems; precision strike weapons; tactical solid rocket motors, and high-speed air-breathing and hypersonic systems; high-performance gun systems, ammunition, precision munitions, and advanced fuzes; and sustainment, operation, and modernization. The Mission Systems segment provides command, control, communication and computer, intelligence, surveillance, and reconnaissance systems; radar, electro-optical/infrared, and acoustic sensors; electronic warfare systems; advanced communications and network systems; microelectronics; navigation and positioning sensors; maritime power, propulsion, and payload launch systems; cyber solutions; and intelligence processing systems. Its Space Systems segment offers satellites, spacecraft systems, subsystems, sensors, and payloads; ground systems; missile defense systems and interceptors; and launch vehicles and related propulsion systems. The company was founded in 1939 and is based in Falls Church, Virginia.

Exchange Ticker
NYQ (United States) NOC
GER (Germany) NTH.DE
FRA (Germany) NTH.F
FRA (Germany) NOC.F
MEX (Mexico) NOC.MX
SAO (Brazil) NOCG34.SA
VIE (Austria) NOCO.VI
LSE (United Kingdom) 0K92.L
Trades
Dividend Yield
1.86%
5y avg 1.60%
Annual Dividends
9.40USD
Next Ex. Div Date
June 1, 2026
Payout Ratio
28.93%
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
2027
5.22 USD
June 16, 2027 (estimated) 2.6967
March 17, 2027 (estimated) 2.5203
2026
9.82 USD
Dec. 16, 2026 (estimated) 2.5221
Sept. 16, 2026 (estimated) 2.5221
June 17, 2026 2.4700
March 11, 2026 2.3100
2025
8.99 USD
Dec. 17, 2025 2.3100
Sept. 17, 2025 2.3100
June 18, 2025 2.3100
March 19, 2025 2.0600
2024
8.05 USD
Dec. 18, 2024 2.0600
Sept. 18, 2024 2.0600
June 12, 2024 2.0600
March 13, 2024 1.8700
2023
7.34 USD
Dec. 13, 2023 1.8700
Sept. 13, 2023 1.8700
June 14, 2023 1.8700
March 15, 2023 1.7300
2022
6.76 USD
Dec. 14, 2022 1.7300
Sept. 14, 2022 1.7300
June 15, 2022 1.7300
March 16, 2022 1.5700
2021
6.16 USD
Dec. 15, 2021 1.5700
Sept. 15, 2021 1.5700
June 16, 2021 1.5700
March 17, 2021 1.4500
2020
5.67 USD
Dec. 16, 2020 1.4500
Sept. 16, 2020 1.4500
June 17, 2020 1.4500
March 11, 2020 1.3200
2019
5.16 USD
Dec. 18, 2019 1.3200
Sept. 25, 2019 1.3200
June 19, 2019 1.3200
March 13, 2019 1.2000
2018
4.70 USD
Dec. 19, 2018 1.2000
Sept. 12, 2018 1.2000
June 20, 2018 1.2000
March 21, 2018 1.1000
2017
3.90 USD
Dec. 20, 2017 1.0000
Sept. 13, 2017 1.0000
June 21, 2017 1.0000
March 22, 2017 0.9000
2016
3.50 USD
Dec. 21, 2016 0.9000
Sept. 14, 2016 0.9000
June 22, 2016 0.9000
March 16, 2016 0.8000
2015
3.10 USD
Dec. 16, 2015 0.8000
Sept. 16, 2015 0.8000
June 17, 2015 0.8000
March 18, 2015 0.7000
2014
2.71 USD
Dec. 17, 2014 0.7000
Sept. 17, 2014 0.7000
June 18, 2014 0.7000
March 19, 2014 0.6100
2013
2.38 USD
Dec. 18, 2013 0.6100
Sept. 18, 2013 0.6100
June 12, 2013 0.6100
March 20, 2013 0.5500
2012
2.15 USD
Dec. 12, 2012 0.5500
Sept. 12, 2012 0.5500
June 13, 2012 0.5500
March 11, 2012 0.5000
2011
1.92 USD
Dec. 10, 2011 0.5000
Sept. 10, 2011 0.5000
June 11, 2011 0.5000
March 12, 2011 0.4246
2010
1.66 USD
Dec. 11, 2010 0.4246
Sept. 11, 2010 0.4246
June 12, 2010 0.4246
March 13, 2010 0.3885
2009
1.53 USD
Dec. 12, 2009 0.3885
Sept. 12, 2009 0.3885
June 13, 2009 0.3885
March 14, 2009 0.3614
2008
1.42 USD
Dec. 13, 2008 0.3614
Sept. 6, 2008 0.3614
June 14, 2008 0.3614
March 15, 2008 0.3343
2007
1.34 USD
Dec. 8, 2007 0.3343
Sept. 8, 2007 0.3343
June 9, 2007 0.3343
March 17, 2007 0.3343
2006
1.05 USD
Dec. 9, 2006 0.2711
Sept. 9, 2006 0.2711
June 10, 2006 0.2711
March 11, 2006 0.2349
2005
0.91 USD
Dec. 10, 2005 0.2349
Sept. 10, 2005 0.2349
June 11, 2005 0.2349
March 12, 2005 0.2078
2004
0.80 USD
Dec. 11, 2004 0.2078
Sept. 11, 2004 0.2078
June 5, 2004 0.2078
March 13, 2004 0.1807
2003
0.72 USD
Dec. 13, 2003 0.1807
Sept. 13, 2003 0.1807
June 14, 2003 0.1807
March 15, 2003 0.1807
2002
0.72 USD
Dec. 14, 2002 0.1807
Sept. 14, 2002 0.1807
June 8, 2002 0.1807
March 16, 2002 0.1807
2001
0.72 USD
Dec. 15, 2001 0.1807
Sept. 8, 2001 0.1807
June 9, 2001 0.1807
March 17, 2001 0.1807
2000
0.72 USD
Dec. 9, 2000 0.1807
Sept. 9, 2000 0.1807
June 10, 2000 0.1807
March 11, 2000 0.1807
1999
0.72 USD
Dec. 11, 1999 0.1807
Sept. 11, 1999 0.1807
June 12, 1999 0.1807
March 13, 1999 0.1807
1998
0.90 USD
Dec. 12, 1998 0.1807
Sept. 12, 1998 0.1807
June 13, 1998 0.1807
March 31, 1998 0.1807
March 5, 1998 0.1807
1997
0.72 USD
Dec. 13, 1997 0.1807
Sept. 13, 1997 0.1807
June 14, 1997 0.1807
March 15, 1997 0.1807
1996
0.72 USD
Dec. 14, 1996 0.1807
Sept. 14, 1996 0.1807
June 8, 1996 0.1807
March 16, 1996 0.1807
1995
0.72 USD
Dec. 9, 1995 0.1807
Sept. 9, 1995 0.1807
June 10, 1995 0.1807
March 11, 1995 0.1807
1994
0.72 USD
Dec. 10, 1994 0.1807
Sept. 10, 1994 0.1807
June 11, 1994 0.1807
March 12, 1994 0.1807
1993
0.72 USD
Dec. 11, 1993 0.1807
Sept. 11, 1993 0.1807
June 12, 1993 0.1807
March 13, 1993 0.1807
1992
0.54 USD
Dec. 12, 1992 0.1355
Sept. 12, 1992 0.1355
June 13, 1992 0.1355
March 14, 1992 0.1355
1991
0.54 USD
Dec. 14, 1991 0.1355
Sept. 14, 1991 0.1355
June 8, 1991 0.1355
March 16, 1991 0.1355
1990
0.54 USD
Dec. 15, 1990 0.1355
Sept. 8, 1990 0.1355
June 9, 1990 0.1355
March 17, 1990 0.1355
1989
0.54 USD
Dec. 9, 1989 0.1355
Sept. 9, 1989 0.1355
June 10, 1989 0.1355
March 11, 1989 0.1355
1988
0.54 USD
Dec. 10, 1988 0.1355
Sept. 10, 1988 0.1355
June 11, 1988 0.1355
March 12, 1988 0.1355
1987
0.54 USD
Dec. 12, 1987 0.1355
Sept. 12, 1987 0.1355
June 13, 1987 0.1355
March 14, 1987 0.1355
1986
0.54 USD
Nov. 24, 1986 0.1355
Aug. 26, 1986 0.1355
May 27, 1986 0.1355
Feb. 25, 1986 0.1355
1985
0.54 USD
Nov. 25, 1985 0.1355
Aug. 27, 1985 0.1355
May 20, 1985 0.1355
Feb. 26, 1985 0.1355
1984
0.32 USD
Nov. 27, 1984 0.1355
Aug. 21, 1984 0.0452
May 22, 1984 0.0678
Feb. 21, 1984 0.0678
1983
0.27 USD
Nov. 21, 1983 0.0678
Aug. 23, 1983 0.0678
May 23, 1983 0.0678
Feb. 22, 1983 0.0678
1982
0.27 USD
Nov. 22, 1982 0.0678
Aug. 24, 1982 0.0678
May 25, 1982 0.0678
Feb. 23, 1982 0.0678
Upcoming Dividends
Name Payment Date Status Amount
Northrop Grumman Corporation Jun 17, 2026 2.47 USD
Northrop Grumman Corporation Mar 11, 2026 2.31 USD
Northrop Grumman Corporation Dec 17, 2025 2.31 USD
Northrop Grumman Corporation Sep 17, 2025 2.31 USD
Stock Splits
Split Date Split Ratio to 1
June 22, 2004 2.000000
March 31, 2011 1.110000
Sept. 11, 1984 3.000000
June 20, 1977 2.000000
Dec. 22, 1975 1.500000
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