Industrials · Aerospace & Defense
Northrop Grumman: revenue, profit and dividends
In fiscal 2025, Northrop Grumman had revenue of $42B, up 6.0% a year on average since 2015, and net income of $4.18B (10.0% of revenue). Its dividend per share has gone up 18 years in a row, to $8.99. It has 25% fewer shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +2.2% vs 2024
- Ticker
- NOC · NYSE
- Sector
- Industrials
- Sub-industry
- Aerospace & Defense
- Headquarters
- West Falls Church, Virginia
- Founded
- 1994 (Northrop 1939, Grumman 1930)
- In the S&P 500 since
- March 4, 1957, the index’s first day
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Northrop Grumman Corp /De · CIK 0001133421
Revenue and net income
Revenue went from $30.3B in 2007 to $42B in 2025. Net loss in 2008.
Diluted earnings per share
Diluted EPS went from $5.12 in 2007 to $29.08 in 2025. Ten-year growth: 10.8% a year.
Dividends per share
Raised every year in the data: 18 years in a row, from 2008 to 2025. Ten-year growth: 11.2% a year.
Shares outstanding
24.9% fewer shares in 2025 than in 2015 (192M → 144M): buybacks outweighed new shares.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $3.31B in 2025, 7.9% of revenue.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $42B | $4.18B | 10.0% | $29.08 | $8.99 | 144M | $4.76B | $1.45B | $3.31B |
| 2024 | $41B | $4.17B | 10.2% | $28.34 | $8.05 | 147M | $4.39B | $1.77B | $2.62B |
| 2023 | $39.3B | $2.06B | 5.2% | $13.53 | $7.34 | 152M | $3.88B | $1.77B | $2.1B |
| 2022 | $36.6B | $4.9B | 13.4% | $31.47 | $6.76 | 156M | $2.9B | $1.44B | $1.47B |
| 2021 | $35.7B | $7.0B | 19.6% | $43.54 | $6.16 | 161M | $3.57B | $1.42B | $2.15B |
| 2020 | $36.8B | $3.19B | 8.7% | $19.03 | $5.67 | 168M | $4.3B | $1.42B | $2.88B |
| 2019 | $33.8B | $2.25B | 6.6% | $13.22 | $5.16 | 170M | $4.3B | $1.26B | $3.03B |
| 2018 | $30.1B | $3.23B | 10.7% | $18.49 | $4.70 | 175M | $3.83B | $1.25B | $2.58B |
| 2017 | $26B | $2.87B | 11.0% | $16.34 | $3.90 | 176M | $2.61B | $928M | $1.69B |
| 2016 | $24.7B | $2.04B | 8.3% | $11.32 | $3.50 | 180M | $2.81B | $920M | $1.89B |
| 2015 | $23.5B | $1.99B | 8.5% | $10.39 | $3.10 | 192M | $2.16B | $471M | $1.69B |
| 2014 | $24B | $2.07B | 8.6% | $9.75 | $2.71 | 212M | $2.59B | $561M | $2.03B |
| 2013 | $24.7B | $1.95B | 7.9% | $8.35 | $2.38 | 234M | $2.48B | $364M | $2.12B |
| 2012 | $25.2B | $1.98B | 7.8% | $7.81 | $2.15 | 253M | $2.64B | $331M | $2.31B |
| 2011 | $26.4B | $2.12B | 8.0% | $7.52 | $1.97 | 282M | $2.12B | $492M | $1.62B |
| 2010 | $28.1B | $2.05B | 7.3% | $6.82 | $1.84 | 301M | $2.45B | $585M | $1.87B |
| 2009 | $27.6B | $1.69B | 6.1% | $5.21 | $1.69 | 323M | $2.13B | $473M | $1.66B |
| 2008 | $32.3B | −$1.26B | −3.9% | −$3.77 | $1.57 | 334M | $3.21B | $681M | $2.53B |
| 2007 | $30.3B | $1.79B | 5.9% | $5.12 | $1.48 | 354M | $2.89B | $681M | $2.21B |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
About these figures
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Aerospace & Defense companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.