Northrop Grumman Income Statement

NOC / Industrials|15 years of annual SEC 10-K data (FY2011-FY2025)

Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.

Northrop Grumman reported $42.0B in revenue and $4.2B in net income for FY2025. Revenue has grown at a 3.4% compound annual rate over the past 14 years.

Based on SEC 10-K filings.

Key Data Points

Strong return on equity: 26.2%

Data sourced from SEC EDGAR filings. Not investment advice.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Revenue	$42.0B	$41.0B	$39.3B	$36.6B	$35.7B	$36.8B	$33.8B	$30.1B	$26.0B	$24.7B	$23.5B	$24.0B	$24.7B	$25.2B	$26.4B
Cost of Revenue	-	-	-	-	-	-	-	-	$12.3B	$11.0B	$10.3B	$10.4B	$10.6B	$10.4B	$11.5B
SG&A Expense	$4.0B	$4.0B	$4.0B	$3.9B	$3.6B	$3.4B	$3.3B	$3.0B	$2.7B	$2.6B	$2.6B	$2.4B	$2.3B	$2.5B	$2.4B
R&D Expense	$1.1B	$1.1B	$1.2B	$1.2B	$1.1B	$1.1B	$953.0M	$764.0M	$639.0M	$705.0M	$712.0M	$569.0M	$507.0M	$520.0M	$543.0M
Operating Income	$4.5B	$4.4B	$2.5B	$3.6B	$5.7B	$4.1B	$4.0B	$3.8B	$3.2B	$3.3B	$3.1B	$3.2B	$3.1B	$3.1B	$3.3B
Income Tax	$886.0M	$842.0M	$290.0M	$940.0M	$1.9B	$539.0M	$300.0M	$513.0M	$1.4B	$638.0M	$800.0M	$868.0M	$911.0M	$987.0M	$997.0M
Net Income	$4.2B	$4.2B	$2.1B	$4.9B	$7.0B	$3.2B	$2.2B	$3.2B	$2.9B	$2.0B	$2.0B	$2.1B	$2.0B	$2.0B	$2.1B
EPS (Basic)	$13.57	$31.61	$43.70	$19.08	$13.28	$18.59	$16.45	$11.42	$10.51	$9.91	$8.50	$7.96	$7.65	$6.91	$5.28
EPS (Diluted)	$13.53	$31.47	$43.54	$19.03	$13.22	$18.49	$16.34	$11.32	$10.39	$9.75	$8.35	$7.81	$7.52	$6.82	$5.21
Shares Outstanding	145.0M	150.1M	153.2M	156.3M	166.7M	167.8M	170.6M	174.1M	175.1M	181.3M	198.9M	217.6M	239.2M	253.9M	291.0M
Operating Margin	10.8%	10.7%	6.5%	9.8%	15.8%	11.1%	11.7%	12.6%	12.4%	13.3%	13.1%	13.3%	12.7%	12.4%	12.4%
Profit Margin	10.0%	10.2%	5.2%	13.4%	19.6%	8.7%	6.6%	10.7%	11.0%	8.3%	8.5%	8.6%	7.9%	7.8%	8.0%

Other Financial Statements

Balance Sheet Cash Flow Statement All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

Northrop Grumman Profile All Financial Data

Item

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

FY2011

Revenue

$42.0B

$41.0B

$39.3B

$36.6B

$35.7B

$36.8B

$33.8B

$30.1B

$26.0B

$24.7B

$23.5B

$24.0B

$24.7B

$25.2B

$26.4B

Cost of Revenue

$12.3B

$11.0B

$10.3B

$10.4B

$10.6B

$10.4B

$11.5B

SG&A Expense

$4.0B

$3.9B

$3.6B

$3.4B

$3.3B

$3.0B

$2.7B

$2.6B

$2.4B

$2.3B

$2.5B

$2.4B

R&D Expense

$1.1B

$1.2B

$1.1B

$953.0M

$764.0M

$639.0M

$705.0M

$712.0M

$569.0M

$507.0M

$520.0M

$543.0M

Operating Income

$4.5B

$4.4B

$2.5B

$3.6B

$5.7B

$4.1B

$4.0B

$3.8B

$3.2B

$3.3B

$3.1B

$3.2B

$3.1B

$3.3B

Income Tax

$886.0M

$842.0M

$290.0M

$940.0M

$1.9B

$539.0M

$300.0M

$513.0M

$1.4B

$638.0M

$800.0M

$868.0M

$911.0M

$987.0M

$997.0M

Net Income

$4.2B

$2.1B

$4.9B

$7.0B

$3.2B

$2.2B

$3.2B

$2.9B

$2.0B

$2.1B

$2.0B

$2.1B

EPS (Basic)

$13.57

$31.61

$43.70

$19.08

$13.28

$18.59

$16.45

$11.42

$10.51

$9.91

$8.50

$7.96

$7.65

$6.91

$5.28

EPS (Diluted)

$13.53

$31.47

$43.54

$19.03

$13.22

$18.49

$16.34

$11.32

$10.39

$9.75

$8.35

$7.81

$7.52

$6.82

$5.21

Shares Outstanding

145.0M

150.1M

153.2M

156.3M

166.7M

167.8M

170.6M

174.1M

175.1M

181.3M

198.9M

217.6M

239.2M

253.9M

291.0M

Operating Margin

10.8%

10.7%

6.5%

9.8%

15.8%

11.1%

11.7%

12.6%

12.4%

13.3%

13.1%

13.3%

12.7%

12.4%

Profit Margin

10.0%

10.2%

5.2%

13.4%

19.6%

8.7%

6.6%

10.7%

11.0%

8.3%

8.5%

8.6%

7.9%

7.8%

8.0%