Northrop Grumman

Industrials Aerospace & Defense West Falls Church, Virginia Last filing Jan 27, 2026 · FY2025

                    Revenue
                    FY2025
                
$42.0B
                    3y CAGR +4.7%
                    
                    P46
                    
                    +2.2%
                    
                    Net income
                    FY2025
                
Not reported
                    
                    No matching line (9 accounts checked)
                    
                    Total assets
                    FY2025
                
$51.4B
                    
                    +4.1%
                    
                    Operating cash flow
                    FY2025
                
$4.8B
                    FCF margin +7.9%
                    
                    P28
                    
                    +8.4%

19 yrs · FY2007–FY2025 7 filed · 0 derived · 2 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

28 accounts · 10 years

Total assets $51.4B

Total liabilities $34.7B

Shareholders equity $16.7B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	8.6%	8.8%	6.7%	5.9%	8.3%	11.0%	5.5%	4.2%	32.1%	9.9%
Accounts Receivable	2.7%	2.6%	3.1%	3.5%	3.4%	3.4%	3.2%	3.8%	11.4%	12.9%
Inventory	2.5%	2.9%	2.4%	2.2%	1.9%	1.7%	1.9%	1.7%	2.2%	3.2%
Prepaid Expenses	3.2%	2.6%	5.0%	3.3%	2.6%	3.2%	2.4%	2.6%	1.1%	0.8%
Other Current Assets	12.7%	12.0%	12.2%	13.7%	12.9%	15.2%	13.0%	13.3%	—	—
Total Current Assets	29.8%	28.9%	29.4%	28.5%	29.2%	34.5%	26.0%	25.7%	46.8%	26.8%
Property,Plant and Equipment	21.4%	21.3%	20.7%	20.1%	18.5%	15.9%	16.8%	16.9%	12.1%	14.0%
Operating Lease Assets	3.6%	3.6%	3.9%	4.1%	3.9%	3.4%	3.7%	0.0%	—	—
Goodwill	33.9%	35.5%	37.6%	40.0%	41.1%	39.4%	45.5%	49.6%	35.7%	48.6%
Deferred Tax Assets	2.0%	3.2%	2.2%	0.4%	0.5%	0.7%	1.2%	0.2%	1.4%	5.7%
Other Noncurrent Assets	9.3%	7.4%	5.4%	5.9%	5.4%	4.3%	4.2%	3.9%	4.0%	4.9%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	6.3%	5.3%	4.5%	5.9%	5.2%	4.1%	5.4%	5.8%	4.8%	6.1%
Accrued Liabilities	4.5%	4.6%	4.8%	4.7%	4.7%	4.5%	4.5%	4.5%	4.0%	5.2%
Deferred Revenue	8.0%	8.2%	9.0%	8.2%	7.1%	5.7%	5.4%	5.1%	4.6%	5.7%
Other Current Liabilities	8.3%	10.5%	7.3%	7.6%	5.4%	7.3%	7.6%	6.6%	6.6%	4.9%
Total Current Liabilities	27.0%	28.6%	25.7%	26.5%	22.4%	21.5%	23.0%	22.0%	19.9%	22.0%
Long Term Debt	29.5%	29.8%	29.6%	27.0%	30.0%	32.1%	31.1%	36.9%	41.2%	27.6%
Operating Lease Liabilities Noncurrent	3.6%	3.6%	4.1%	4.2%	3.7%	3.0%	3.2%	0.0%	—	—
Other Noncurrent Liabilities	7.4%	7.0%	8.9%	7.4%	13.5%	19.6%	21.3%	19.1%	18.6%	29.9%
Total Liabilities	67.5%	69.0%	68.2%	65.0%	69.6%	76.2%	78.5%	78.3%	79.8%	79.5%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.3%	0.3%	0.3%	0.3%	0.4%	0.4%	0.4%	0.5%	0.5%	0.7%
Additional Paid In Capital	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.0%	0.0%	0.1%	0.0%
Retained Earnings	32.4%	31.0%	31.7%	35.0%	30.3%	23.6%	21.3%	21.4%	33.1%	41.5%
Accumulated Other Comprehensive Income	-0.2%	-0.3%	-0.3%	-0.3%	-0.3%	-0.3%	-0.2%	-0.1%	-13.5%	-21.7%
Total Stockholders Equity	32.5%	31.0%	31.8%	35.0%	30.4%	23.8%	21.5%	21.7%	20.2%	20.5%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

8 accounts · 10 years

Revenue $42.0B

Operating income Not reported

Net income Not reported

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	81.7%	83.1%	84.4%	83.7%	83.8%	82.8%	82.4%	79.9%	—	—
Expenses Other Operating Expenses	-0.4%	0.0%	0.0%	—	—	—	—	—	—	—
Expenses Operating Expenses	73.3%	74.3%	79.0%	75.4%	75.1%	73.6%	72.7%	—	—	—
net Income Comprehensive Income	8.2%	8.4%	4.5%	11.2%	16.4%	7.1%	5.4%	8.4%	8.1%	7.7%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	0.3%	0.3%	0.3%	0.4%	0.4%	0.4%	0.4%	0.5%	0.5%	0.7%
Earnings Per Share Weighted Average Shares Diluted	0.3%	0.3%	0.3%	0.4%	0.4%	0.4%	0.4%	0.5%	0.5%	0.7%

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 10 years

Operating cash flow $4.8B

Investing cash flow $-1.2B

Financing cash flow $-3.6B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	8.1%	8.5%	4.4%	11.2%	16.5%	7.2%	5.5%	8.6%	8.2%	8.0%
Operating Activities Depreciation and Amortization	2.9%	2.8%	2.9%	3.1%	2.9%	2.8%	3.1%	2.1%	1.4%	1.8%
Operating Activities Stock Based Compensation	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.3%	0.2%	0.3%	0.4%
Operating Activities Deferred Income Taxes	1.1%	-1.2%	-2.1%	-0.7%	1.4%	0.5%	-1.2%	0.6%	2.8%	-0.2%
Operating Activities Changes In Operating Assets and Liabilities	-1.7%	0.6%	-0.3%	-1.4%	0.4%	0.5%	0.3%	-3.0%	-3.5%	-2.1%
Operating Activities Other Non Cash Items	-0.5%	-1.9%	3.3%	-5.7%	-13.0%	-1.5%	2.5%	1.7%	-1.7%	3.2%
Operating Activities net Cash From Operating Activities	9.3%	8.9%	8.3%	6.6%	8.4%	9.7%	10.5%	10.2%	7.5%	11.0%
Investing Activities Capital Expenditures	-2.8%	-3.6%	-3.8%	-3.3%	-3.3%	-3.2%	-3.1%	-3.3%	-2.7%	-3.6%
Investing Activities Proceeds From Sale of Investments	0.0%	0.0%	0.4%	0.0%	0.0%	—	—	—	—	—
Investing Activities Other Investing Activities	0.6%	0.0%	-0.0%	0.4%	8.2%	0.5%	0.1%	0.1%	0.1%	0.4%
Investing Activities net Cash From Investing Activities	-2.2%	-3.5%	-3.4%	-2.8%	4.8%	-2.7%	-2.9%	-23.6%	-2.5%	-3.1%
Financing Activities Proceeds From Debt	1.9%	5.1%	4.3%	0.0%	0.0%	5.0%	0.0%	0.0%	23.6%	2.9%
Financing Activities Repayment of Debt	-2.9%	0.0%	-2.3%	0.0%	-5.3%	-2.5%	-1.8%	-6.4%	-0.0%	-0.7%
Financing Activities Repurchase of Common Stock	-3.2%	-5.1%	-3.2%	-3.4%	-8.7%	-1.1%	-1.8%	-3.4%	-1.1%	-6.0%
Financing Activities Dividends Paid	-2.5%	-2.4%	-2.4%	-2.4%	-2.3%	-2.1%	-2.1%	-2.2%	-2.0%	-2.5%
Financing Activities Tax Withholding On Stock Based Compensation	-0.1%	-0.1%	-0.1%	-0.1%	-0.1%	-0.1%	-0.2%	-0.2%	-0.3%	-0.6%
Financing Activities Other Financing Activities	-0.2%	-0.3%	-0.1%	-0.0%	-0.1%	-0.1%	-0.0%	-0.1%	-0.3%	-0.0%
Financing Activities net Cash From Financing Activities	-6.9%	-2.8%	-3.8%	-6.0%	-16.4%	-1.0%	-5.9%	-12.2%	19.9%	-7.0%
Cash Reconciliation net Change In Cash	0.1%	2.5%	1.1%	-2.2%	-3.2%	6.0%	1.6%	-25.6%	24.9%	0.9%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Net margin	—	—	—	—	—	—	—	—	—	—
FCF margin	+7.9%	+6.4%	+5.3%	+4.0%	+6.0%	+7.8%	+9.0%	+8.6%	—	—
Growth
Revenue CAGR (3y)	+4.7%	+4.8%	+2.2%	+2.6%	+5.8%	—	—	—	—	—
Returns
ROE	—	—	—	—	—	—	—	—	—	—
ROA	—	—	—	—	—	—	—	—	—	—
ROIC	—	—	—	—	—	—	—	—	—	—
Liquidity
Current ratio	1.10x	1.01x	1.15x	1.08x	1.30x	1.60x	1.13x	1.17x	2.35x	1.22x
Quick ratio	0.42x	0.40x	0.38x	0.35x	0.52x	0.67x	0.38x	0.37x	2.18x	1.04x
Leverage
D/E	2.08x	2.23x	2.15x	1.86x	2.29x	3.20x	3.66x	3.60x	3.95x	3.87x
Interest coverage	—	—	—	—	—	—	—	—	—	—
Efficiency
Asset turnover	0.82x	0.83x	0.84x	0.84x	0.84x	0.83x	0.82x	0.80x	—	—
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

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Northrop Grumman

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