US · USD

NOC

Northrop Grumman Corporation

$482.00-0.31% (-$1.48)Updated 10/1/26, 5:27 PM

Day's range: $481.40 – $486.82
Day's volume: $500.5M
52-week range: $482.00 – $761.19

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NOC in numbers

Market cap: $68.5B

P/E: 15.23

P/B: 3.83

Dividend yield (12m): 1.98%

Net debt/EBITDA: 2.10

The 12-month dividend yield of NOC is 1.98%, above its 5-year average of 1.54%.

NOC price history

10/02/202510/01/2026

Compare with

NOC risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	-19.36%	+15.47%	+45.59%
Volatility (annualized)	32.80%	25.17%	25.15%
Largest drawdown	-32.66%	-32.66%	-32.66%
Positive months	4/12	18/36	30/60

How much did investing in NOC return?

Amount invested

$1,000.00 invested on 09/01/2021 would be worth $1,455.93 today.

Value today in NOC: $1,455.93

Return over the period: +45.59%

Return per year: +7.80%

In the S&P 500: $1,776.31

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

NOC fundamentals

Valuation

P/E
15.23
P/B
3.83
EV/EBITDA
13.29
EV/EBIT
17.69
EV/Revenue
1.90
P/EBIT
14.89
P/S
1.60
P/OCF
13.48
P/FCF
18.78
Earnings yield
5.65%
PEG ratio
—
Earnings per share
$31.65
Book value per share
$125.89

Debt

Net debt
$12.9B
Net debt/EBITDA
2.10
Net debt/Equity
0.72
Debt/Equity
0.85
Current ratio
1.17
Quick ratio
1.06
Cash ratio
0.17

Efficiency

Gross margin
—
EBITDA margin
14.27%
Operating margin
10.72%
Net margin
10.48%
Asset turnover
0.84

Profitability

ROE
25.14%
ROA
8.86%
ROIC
12.77%
Payout
30.21%

Growth

Revenue CAGR (5 years)
2.67%
Earnings CAGR (5 years)
-0.23%
Revenue growth (year)
—
Earnings growth (year)
—
Revenue growth (quarter)
—
Earnings growth (quarter)
—

What is NOC's fair price?

Two classic value formulas, with today's numbers. The current price is $482.00.

Graham's fair price: $299.40; 37.88% below the price

√(22.50 × $31.65 × $125.89)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $124.33; 74.20% below the price

$7.46 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

NOC's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	19.35	16.28	34.16	17.06	8.63	15.93	25.65	12.87
P/B	4.85	4.44	4.75	5.45	4.67	4.80	6.54	5.08
EV/EBITDA	15.41	13.91	20.90	18.98	10.11	11.42	13.24	8.84
Dividend yield	1.58%	1.72%	1.57%	1.24%	1.59%	1.86%	1.50%	1.92%
Earnings per share	$29.47	$28.83	$13.70	$31.99	$44.87	$19.13	$13.41	$19.02
Book value per share	$117.49	$105.63	$98.61	$100.04	$82.80	$63.45	$52.61	$48.23
ROE	25.08%	27.30%	13.90%	31.97%	54.19%	30.14%	25.49%	39.44%
ROIC	13.31%	13.36%	8.70%	11.80%	19.97%	16.82%	17.12%	45.78%
EBITDA margin	14.26%	13.99%	9.86%	13.50%	19.32%	14.49%	15.47%	15.22%
Net margin	9.97%	10.17%	5.23%	13.38%	19.64%	8.67%	6.64%	10.73%
Net debt/EBITDA	1.89	2.08	2.77	2.08	1.34	1.89	2.22	-0.23

NOC's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$42B	$41B	$39.3B	$36.6B	$35.7B	$36.8B
Cost of revenue	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—
EBITDA	$6B	$5.7B	$3.9B	$4.9B	$6.9B	$5.3B
EBIT	$4.5B	$4.4B	$2.5B	$3.6B	$5.7B	$4.1B
Financial result	—	—	—	—	—	—
Income before tax	$5.1B	$5B	$2.3B	$5.8B	$8.9B	$3.7B
Income tax	-$886M	-$842M	-$290M	-$940M	-$1.9B	-$539M
Net income	$4.2B	$4.2B	$2.1B	$4.9B	$7B	$3.2B

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does NOC pay dividends?

Dividend yield per year

1.27%2017
1.92%2018
1.50%2019
1.86%2020
1.59%2021
1.24%2022
1.57%2023
1.72%2024
1.58%2025
1.50%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	08/28/2026	09/16/2026	$2.47
Dividend	05/29/2026	06/17/2026	$2.47
Dividend	02/20/2026	03/11/2026	$2.31
Dividend	11/28/2025	12/17/2025	$2.31
Dividend	09/01/2025	09/17/2025	$2.31
Dividend	05/30/2025	06/18/2025	$2.31
Dividend	02/28/2025	03/19/2025	$2.06
Dividend	11/29/2024	12/18/2024	$2.06
Dividend	09/02/2024	09/18/2024	$2.06
Dividend	05/23/2024	06/12/2024	$2.06
Dividend	02/22/2024	03/13/2024	$1.87
Dividend	11/23/2023	12/13/2023	$1.87

See all 40 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	08/24/2023	09/13/2023	$1.87
Dividend	05/25/2023	06/14/2023	$1.87
Dividend	02/23/2023	03/15/2023	$1.73
Dividend	11/24/2022	12/14/2022	$1.73
Dividend	08/25/2022	09/14/2022	$1.73
Dividend	05/26/2022	06/15/2022	$1.73
Dividend	02/24/2022	03/16/2022	$1.57
Dividend	11/25/2021	12/15/2021	$1.57
Dividend	08/26/2021	09/15/2021	$1.57
Dividend	05/27/2021	06/16/2021	$1.57
Dividend	02/25/2021	03/17/2021	$1.45
Dividend	11/26/2020	12/16/2020	$1.45
Dividend	08/27/2020	09/16/2020	$1.45
Dividend	05/28/2020	06/17/2020	$1.45
Dividend	02/20/2020	03/11/2020	$1.32
Dividend	11/28/2019	12/18/2019	$1.32
Dividend	09/05/2019	09/25/2019	$1.32
Dividend	05/30/2019	06/19/2019	$1.32
Dividend	02/21/2019	03/13/2019	$1.20
Dividend	11/29/2018	12/19/2018	$1.20
Dividend	08/23/2018	09/12/2018	$1.20
Dividend	05/31/2018	06/20/2018	$1.20
Dividend	03/01/2018	03/21/2018	$1.10
Dividend	11/30/2017	12/20/2017	$1.00
Dividend	08/23/2017	09/13/2017	$1.00
Dividend	05/31/2017	06/21/2017	$1.00
Dividend	03/01/2017	03/22/2017	$0.90
Dividend	11/30/2016	12/21/2016	$0.90

About Northrop Grumman

Sector: Manufacturing

Questions about NOC

How much is NOC today?

NOC is at $482.00 (-0.31% on the day), last traded on 10/01/2026.

How much did NOC pay in dividends in 2025?

NOC paid $8.99 per share in 2025, a dividend yield of 1.58%.

What are the P/E and P/B of NOC?

NOC trades at a P/E of 15.23 and a P/B of 3.83.

How much did NOC return in 12 months?

NOC returned -19.36% in 12 months, with annualized volatility of 32.80% and a largest drawdown of -32.66%.