Stock Analysis
Northrop Grumman Corp.NOC
P/E 16.43×· 5Y range 11.91–36.88×· 52th percentile of history
Sector: Technology · Industry: Search, Detection, Navigation, Guidance, Aeronautical Sys
AnalystsBuy28 analystsP/E 16.4× sits at the 52nd percentile of its 5.086926762491444-year history.
Cash covers 29% of debt · FY 2025.
PMP Verdict
Mixed fundamentals, fairly valued
Strengths
- Quality82
- Profitability69
Risks
- Growth6
Mixed picture — no clear quality or value edge.
Market context
+4.0% today· Z 2.5σ· Morgan Stanley's positive demand outlook for defense primes ahead of earnings drove NOC up 4.03%.
Bull Case
- ✓ROE 27.0% — efficient capital deployment
- ✓Interest coverage 8.6× — debt well covered
Why is NOC moving?
SectorMorgan Stanley's positive demand outlook for defense primes ahead of earnings drove NOC up 4.03%.
Profile
Strong earnings quality; growth lags behind.
How is each axis scored?
- Valuation61/100 · Moderate
- P/E vs own history (52th pct)12/25
- FCF yield (4.9%)12/25
- P/S (1.7x)25/25
- EV/EBIT (18.4x)12/25
- Growth6/100 · Weak
- Revenue CAGR (4.1%)6/25
- Net income CAGR (-12.1%)0/25
- EPS CAGR 5Y (-9.6%)0/25
- Fwd implied growth (-3.4%)0/25
- Profitability69/100 · Moderate
- ROIC (13.2%)12/25
- ROE (27.0%)25/25
- Net margin (10.5%)20/25
- Operating margin (10.7%)12/25
- Financial Health60/100 · Moderate
- Altman Z (2.88)18/25
- Current ratio (1.10)12/25
- Interest coverage (8.6x)18/25
- Net cash / debt (D/A 21%)12/25
- Quality82/100 · Strong
- Piotroski F (6/9)15/25
- Beneish M (-2.45)20/25
- FCF conversion (81%)22/25
- Margin stability (σ 3.8%)25/25
- Moat69/100 · Moderate
- ROIC >12% years (8/10 yrs)20/25
- Median gross margin (20.4%)6/25
- FCF-positive years (10/10 yrs)25/25
- Worst-year net margin (worst 5.2%)18/25
About Northrop Grumman Corp.
Northrop Grumman is a diversified defense contractor providing aeronautics, defense, and space systems. Show more
The company's aerospace segment produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber, creates the fuselage for the massive F-35 program, and maintains and upgrades numerous other military aircraft. Defense systems makes artillery and missile ammunition and guidance systems, long-range missiles, and missile defense systems. Mission systems creates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Space systems produces satellites, sensors, space structures, and rocket motors.
Headquarters: FALLS CHURCH, VA · Employees: 95,000 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
61BP/E (TTM)16.4xB
Grade B: FairPrice / TTM EPS (own statements) — vs own 5Y history: 11.9x–36.9x · 52nd pct
P/FCF13.1xA
Grade A: CheapPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield4.9%C
Grade C: LowTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 0.6%–5.4% · 98th pct
P/S (TTM)1.72xA
Grade A: CheapPrice / TTM Revenue (own statements) — vs own 5Y history: 1.5x–2.7x · 20th pct
EV/EBIT18.4xC
Grade C: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 10.7x–34.3x · 16th pct
EV/Sales2.0xA
Grade A: CheapEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E17.0xB
Grade B: FairPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio4.42xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio2.25C
Grade C: ExpensiveFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield1.88%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio29.9%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
69BROIC13.2%C
Grade C: AverageNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE27.0%A
Grade A: StrongReturn on Equity. Neg. equity = heavy buybacks
ROA8.9%C
Grade C: AverageReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin10.5%A
Grade A: HighNet Income / Revenue
Operating Margin10.7%C
Grade C: AverageTTM EBIT / TTM Revenue
Gross Margin20.1%D
Grade D: LowGross Profit / Revenue
FCF Margin8.5%C
Grade C: AverageFCF / Revenue
True FCF Margin8.2%C
Grade C: AverageTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
6ERevenue CAGR4.1%D
Grade D: LowCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR-12.1%D
Grade D: LowCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)-9.6%D
Grade D: LowCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth-3.4%D
Grade D: Decl.Analyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)-12.6%A
Grade A: BuybacksShare count change over 5Y
SBC / Net Income2.8%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue0.3%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
60BAltman Z-Score2.88C
Grade C: Gray zoneBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio1.10xC
Grade C: OkCurrent Assets/Liabilities
Quick Ratio1.03xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage8.6xC
Grade C: OkEBIT/Interest. >10 Strong
Debt Repayment3.0yA
Grade A: FastYears to repay net debt via FCF
Net Debt/EBIT2.3xC
Grade C: MedLeverage. <2x Low, >4x High
Debt/Equity0.91xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.29xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
82APiotroski F-Score6/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.45A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion81.1%A
Grade A: StrongFCF / Net Income
Margin Stability3.8%A
Grade A: StableEBIT margin std deviation. Lower = stable
Capex / Revenue3.3%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.85xC
Grade C: AverageRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
KRISHNA ARVIND Filed | KRISHNA ARVIND | Grant / award | +75 | |
Brown Marianne Catherine Filed | Brown Marianne Catherine | Grant / award | +96 | |
Warden Kathy J Filed | Warden Kathy J | Grant / award | +35.9K | |
WELSH MARK A III Filed | WELSH MARK A III | SellOpen market sale | -4 | |
WELSH MARK A III Filed | WELSH MARK A III | SellOpen market sale | -2 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
WELSH MARK A III Filed | WELSH MARK A III | SellOpen market sale | -2 | |
WELSH MARK A III Filed | WELSH MARK A III | SellOpen market sale | -2 | |
WELSH MARK A III Filed | WELSH MARK A III | SellOpen market sale | -6 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
69BROIC >12% Years8/10 yrsA
Grade A: DurableShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)20.4%D
Grade D: WeakMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years10/10 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor5.2%A
Grade A: DurableWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$31.65
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$16.24
Cash & short-term investments per share (Finnhub)
Book Value / Share$125.89
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$15.16B
Total debt obligations (short + long term)
Cash & Equiv.$4.40B
Cash and short-term investments
Net Debt$10.76B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$16.67B
Shareholders' equity (book value)
Asset / Liability1.48xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$73.77B
Current Market Capitalization
Beta-0.11B
Grade B: DefensivePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Northrop Grumman Corp. (NOC)
NOC is up 4.05% at the last close — Morgan Stanley's positive demand outlook for defense primes ahead of earnings drove NOC up 4.03%.. Piotroski F-Score of 6/9 indicates mixed fundamentals for Northrop Grumman Corp.. Altman Z-Score of 2.88 falls in the grey zone (1.81–2.99) — financial distress is unlikely but not ruled out.
- Beneish M-Score of -2.45 suggests a low likelihood of earnings manipulation.
- Takes ~3.0 years to repay net debt from free cash flow.
- Return on equity of 27.0% is well above the market average.
See how NOC ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all NOC moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 16 | Regular | 518.77 | +3.83% | 2.41 |
| Oct 16 | After-hours | 519.25 | +3.93% | 2.46 |
| Oct 14 | Regular | 498.58 | +3.57% | 2.69 |
| Oct 14 | After-hours | 495.00 | +2.83% | 2.20 |
| Oct 8 | After-hours | 485.88 | +2.62% | 2.14 |
Frequently Asked Questions about NOC
What is the current Northrop Grumman Corp. (NOC) stock price?
NOC is trading at $519.86 at the last market close, up 4.05% on the session. PreMarketPrice tracks NOC pre-market, intraday and after-hours prices.
Is NOC stock a buy right now?
PreMarketPrice's quantitative model rates Northrop Grumman Corp.'s financial health at 60/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is NOC stock overvalued?
Northrop Grumman Corp. trades at a trailing P/E of 16.4 and our valuation score rates it 61/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Northrop Grumman Corp. report earnings?
No confirmed earnings date is currently scheduled for NOC. The Earnings section lists recent reports and updates as dates are announced.
What sector does Northrop Grumman Corp. operate in?
Northrop Grumman Corp. operates in the Technology sector, within the Search, Detection, Navigation, Guidance, Aeronautical Sys industry. The Related Stocks section lists sector peers for comparison.
What does Northrop Grumman Corp. do?
Northrop Grumman is a diversified defense contractor providing aeronautics, defense, and space systems.
About Northrop Grumman Corp. (NOC) Stock
Northrop Grumman Corp. (NOC) is a US-listed stock operating in the Technology sector, specifically the Search, Detection, Navigation, Guidance, Aeronautical Sys industry. As of the latest update, Northrop Grumman Corp. is trading at $519.86, up 4.05% on the day with a market capitalization of $73.8 billion. The financial health score for NOC is 60/100, which indicates good financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for NOC stock.
NOC Stock Analysis & Key Metrics
On PreMarketPrice, you can track Northrop Grumman Corp. (NOC) across multiple dimensions:
- Pre-market price & movement: Real-time NOC stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for NOC with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Northrop Grumman Corp. across multiple reporting periods.
- Financial health score: A composite score of 60/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for NOC.
- Sector peers: Compare NOC against 6 other technology stocks on key financial metrics.
Is NOC a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Northrop Grumman Corp. (NOC) as an investment. The financial health score of 60/100 suggests good financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Northrop Grumman Corp. (NOC) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.