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540.69 USD
P/E
17.50
EPS
31.92
Yield
1.71%
Safety Score
96
P/B
4.64
ROE
28.51
Beta
-0.11
Target Price
714.56 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/E17.50
EPS31.92
Book Value120.50
Price to Book4.64
Debt/Equity102.68
% Insiders0.216%
Growth
Revenue Growth0.04%
Earnings Growth0.85%
Estimates
Forward P/E18.48
Forward EPS30.22
Target Mean Price714.56
Dividend
Dividend Yield1.71%
Annual dividends9.24 USD
Ex-Div. DateFeb. 23, 2026
Payout28.93%
5y avg Yield1.60%

DCF Valuation

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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 540.69 USD. Market analysts have a consensus price target of 714.56 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 17.50. 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 30.22.

For income investors, Northrop Grumman Corporation pays a dividend yield of 1.71%. 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 9.24 USD (1.71% 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 31.92.

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
Dividend Yield

1.71% (5y avg: 1.60%)

Annual Dividends

9.24 USD

Next ex. div date

Feb. 23, 2026

Payout Ratio

28.93%

Historical Dividends
Year Total Dividends
2027 2.52 USD
2026 9.88 USD
2025 8.99 USD
2024 8.05 USD
2023 7.34 USD
2022 6.76 USD
2021 6.16 USD
2020 5.67 USD
2019 5.16 USD
2018 4.70 USD
2017 3.90 USD
2016 3.50 USD
2015 3.10 USD
2014 2.71 USD
2013 2.38 USD
2012 2.15 USD
2011 1.92 USD
2010 1.66 USD
2009 1.53 USD
2008 1.42 USD
2007 1.34 USD
2006 1.05 USD
2005 0.91 USD
2004 0.80 USD
2003 0.72 USD
2002 0.72 USD
2001 0.72 USD
2000 0.72 USD
1999 0.72 USD
1998 0.90 USD
1997 0.72 USD
1996 0.72 USD
1995 0.72 USD
1994 0.72 USD
1993 0.72 USD
1992 0.54 USD
1991 0.54 USD
1990 0.54 USD
1989 0.54 USD
1988 0.54 USD
1987 0.54 USD
1986 0.54 USD
1985 0.54 USD
1984 0.32 USD
1983 0.27 USD
1982 0.27 USD

Yearly aggregated dividends

Dividends

Northrop Grumman Corporation
Mar 11, 2026 Paid
Dividend
2.31 USD
Northrop Grumman Corporation
Dec 17, 2025 Paid
Dividend
2.31 USD
Northrop Grumman Corporation
Sep 17, 2025 Paid
Dividend
2.31 USD
Northrop Grumman Corporation
Jun 18, 2025 Paid
Dividend
2.31 USD

Historical Split Corporate Actions

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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