NOC·Defense Primes — Aerospace & Defense

Northrop Grumman

ConvictionStrong

Long-cycle government cost-plus and fixed-price prime contracting: multi-year DoD/NASA programs (development + production + sustainment), backlog-driven revenue recognized over time on percentage-of-completion; ~85%+ of sales to the US government.

Revenuefact

$42.0B FY2025fact, 10-K); $9.88B Q1 FY26

Rev growthfact

+2% FY25 YoY$41.0B→$42.0B); +4% Q1 FY26 YoY

Gross marginfact

n/a as reportedsegment operating margin 10.4% FY25, 10.8% Q1 FY26

Op margin

11.2% FY25 total operating margin10.0% Q1 FY26 (fact, incl. pension

Capex intensity

~3-4% of revenuecapex $167M / $9.88B = 1.7% in seasonally-light Q1 FY26; ~$1.4-1.5B/yr run-rate, est.

Market cap

~$95.7Bfact, Jun 9 2026, Macrotrends); stock ~$542 (Jun 10 2026

Price · 1-year trend

real · weekly

$499+1% 1yUSD

52-week range

$494 – $756

52w lowas of 2026-06-25 · Yahoo Finance52w high

Across the boards

The thesis on this name

opportunityStrong

Space / launch economics

Full context

The read

Where our coverage leans

Coverage leans bullish

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Full financial intelligence for Northrop Grumman

Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.

Income statement & margin structure
SWOT, moats & dependency map
Supplier–customer ecosystem graph
Signals, trends & valuation range

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Not investment advice — analyst work product for a qualified professional.· intel vintage Jun 2026· sign in (free) for the analyst summary; Pro unlocks full intelligence