Northrop Grumman Corporation (NOC) Stock Price & Analysis
Northrop Grumman Corporation (NOC) closed at USD 552.35 on Thursday, October 22, 2026, up 2.42% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 552.35; the Oct 22, 2026 session ranged USD 542.5–556.56 on volume of 1,061,618 shares. Market capitalization is —, with a 52-week range of USD 470.06–774 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:49 UTC.
Also available as compact Markdown for AI agents: nexqual.com/NOC.md
Latest Earnings Results (NOC)
Northrop Grumman Corporation (NOC) reported Q3 2026 results on Oct 20, 2026, 6:00:28 AM ET: GAAP EPS $7.89 vs. estimate $7.18 (beat), revenue $11.12B vs. estimate $11.12B (miss). Guidance: Company raises 2026 guidance for key financial metrics. Source: SEC 8-K filing. Nexqual published it 3 min 44 s after release. Read the SEC filing.
| Fiscal period | EPS (reported) | Revenue | Released | Source |
|---|---|---|---|---|
| Q3 2026 | $7.89 (GAAP diluted) | $11.12B | Oct 20, 2026, 6:00:28 AM ET · on Nexqual +3 min 44 s | SEC 8-K filing |
Reported actuals captured by Nexqual from SEC 8-K filings and company press releases; each figure confirmed by two independent extraction methods.
Key facts (NOC)
- Last four reported quarters (through Sep 30, 2026): revenue $43.6B, net income $4.52B (10.4% margin), free cash flow $3.83B (SEC filings).
- 2 of 80 tracked superinvestors hold NOC (13F, Q2 2026): 0 new, 1 added, 0 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $106K; 0 not under a Rule 10b5-1 plan ($0K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y -7.3% vs S&P 500 +14.9%; 5Y +47.5% vs S&P 500 +80.3%.
- Next earnings: 2026-10-20, EPS estimate USD 7.93, revenue estimate $12.2B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (NOC)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $35.7B | $36.6B | $39.3B | $41.0B | $42.0B | $43.6B |
| Operating income | $5.65B | $3.60B | $2.54B | $4.37B | $4.51B | $4.63B |
| Net income | $7.00B | $4.90B | $2.06B | $4.17B | $4.18B | $4.52B |
| EPS (diluted) | $43.54 | $31.47 | $13.53 | $28.34 | $29.08 | — |
| Free cash flow | $2.15B | $1.47B | $2.10B | $2.62B | $3.31B | $3.83B |
| Operating margin | 15.8% | 9.8% | 6.5% | 10.6% | 10.8% | 10.6% |
| Net margin | 19.6% | 13.4% | 5.2% | 10.2% | 10.0% | 10.4% |
| Revenue growth | -3.1% | +2.6% | +7.3% | +4.4% | +2.2% | — |
| Cash + short-term investments | $3.53B | $2.58B | $3.11B | $4.35B | $4.40B | — |
| Total debt | $12.8B | $12.9B | $13.9B | $16.3B | $15.7B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Sep 30, 2026) (NOC)
P/E at fiscal year-ends: Dec 2025 19.6x, Dec 2024 16.6x, Dec 2023 34.6x.
Superinvestors (SEC 13F-HR, Q2 2026) (NOC)
2 of 80 tracked investors hold NOC. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Yacktman Asset Management | 1.24% | $101M | Added +1.7% | |
| Torray Funds | 0.06% | $452K | Unchanged |
Insider sales (SEC Form 4, open-market, last ~7 months) (NOC)
2 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-03 | Welsh Mark A Iii | Director | 95 | $52K | 2.1% | Yes (adopted August 23, 2025) | Too little history (no open-market trades in 2023) |
| 2026-05-04 | Welsh Mark A Iii | Director | 95 | $54K | 2.3% | Yes (adopted August 23, 2025) | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (NOC)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Barclays | Target raised | Underweight | $419 → $430 |
| 2026-10-21 | UBS | Target raised | Buy | $694 → $698 |
| 2026-10-21 | BNP Paribas | Target raised | Outperform | $540 → $600 |
| 2026-10-21 | Morgan Stanley | Target raised | Overweight | $745 → $765 |
| 2026-10-21 | Guggenheim | Target raised | Buy | $612 → $640 |
| 2026-10-21 | RBC Capital | Target raised | Sector Perform | $525 → $550 |
| 2026-10-21 | Baird | Upgrade | Neutral → Outperform | $550 → $675 |
| 2026-10-14 | Bernstein | Target lowered | Market Perform | $620 → $556 |
| 2026-10-09 | TD Cowen | Target lowered | Hold | $590 → $540 |
| 2026-10-09 | Barclays | Initiated | Underweight | $419 |
| 2026-10-06 | Rothschild & Co | Initiated | Buy | $680 |
| 2026-10-02 | RBC Capital | Downgrade | Outperform → Sector Perform | $640 → $525 |
Total return (dividends reinvested) (NOC)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -7.3% | +47.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -7.3% | +8.1% |
| Volatility (annualized) | 28.3% | 27.6% |
| Max drawdown | -37.8% (Mar 2026→Oct 2026) | -36.2% (Mar 2026→Sep 2026) |
NOC revenue by business segment (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Aeronautics Systems | $3.58B | 32.1% | +13.8% |
| Mission Systems | $3.15B | 28.4% | +2.0% |
| Space Systems | $2.75B | 24.7% | +1.9% |
| Defense Systems | $2.31B | 20.7% | +12.0% |
| Total revenue | $11.12B | 100% | — |
NOC revenue by product line (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Product | $9.10B | 81.8% | +8.7% |
| Service | $2.02B | 18.2% | -1.5% |
| Total revenue | $11.12B | 100% | — |
NOC revenue by region (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $9.64B | 86.7% | +9.3% |
| Europe | $810.0M | 7.3% | -11.8% |
| Asia/Pacific | $483.0M | 4.3% | -4.2% |
| All other | $190.0M | 1.7% | +5.0% |
| Total revenue | $11.12B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
NOC suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Northrop Grumman | “With the investments we've made in advanced technologies, combined with our talented workforce and digital transformation capabilities, Northrop Grumman is well positioned to meet our customers' needs today and in the future.” |
| Competitor | Boeing (BA) | “We compete with many companies in the defense, intelligence and federal civil markets, including The Boeing Company, General Dynamics Corporation, L3Harris Technologies, Inc., Lockheed Martin Corporation, and RTX Corporation, as well as, increasingly, new entrants and startups.” |
| Competitor | Lockheed Martin (LMT) | “We compete with many companies in the defense, intelligence and federal civil markets, including The Boeing Company, General Dynamics Corporation, L3Harris Technologies, Inc., Lockheed Martin Corporation, and RTX Corporation, as well as, increasingly, new entrants and startups.” |
| Competitor | RTX (Raytheon) (RTX) | “We compete with many companies in the defense, intelligence and federal civil markets, including The Boeing Company, General Dynamics Corporation, L3Harris Technologies, Inc., Lockheed Martin Corporation, and RTX Corporation, as well as, increasingly, new entrants and startups.” |
Quoted from the company's 10-K filed Jan 27, 2026.
NOC analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $7.93 | $8.01 | -1.0% | $12.21B | 15 |
| Next quarter (ends Mar 2027) | $6.48 | $6.63 | -2.3% | $10.37B | 9 |
| Current fiscal year (ends Dec 2026) | $29.75 | $28.96 | +2.7% | $44.06B | 18 |
| Next fiscal year (ends Dec 2027) | $30.07 | $30.36 | -1.0% | $46.86B | 24 |
NOC options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 29.6% | ±6.7% |
| Dec 18, 2026 | 56 | 28.0% | ±8.9% |
| Jan 15, 2027 | 84 | 27.4% | ±10.6% |
| Feb 19, 2027 | 119 | 28.7% | ±13.1% |
| Mar 19, 2027 | 147 | 28.6% | ±14.4% |
| May 21, 2027 | 210 | 28.5% | ±17.3% |
| Jun 17, 2027 | 237 | 28.5% | ±18.2% |
| Sep 17, 2027 | 329 | 28.7% | ±21.5% |
30-day implied volatility 28.4% vs 30.2% realized over the last 30 trading days. Put/call ratio (volume) 0.91. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:49 UTC)
| Price | USD 552.35 |
|---|---|
| Change | ▲ 2.42% (up) |
| Previous Close | USD 552.35 |
| Open | USD 552.35 |
| Day Range | USD 542.5 – 556.56 |
| 52-Week Range | USD 470.06 – 774 |
| Volume | 1,061,618 shares |
| Market Cap | — |
| Exchange | NYQ |
Technical Analysis (NOC)
Nexqual's technical model rates NOC "BUY" based on 5 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 09:49 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 70.52 (overbought) |
| vs SMA50 | Above (USD 522.85) |
| MACD | 4.34 (positive) |
Earnings (NOC)
| Next Earnings Date | 2026-10-20 |
|---|---|
| EPS Estimate | USD 7.93 |
| Revenue Estimate | $12.21B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 7.89 vs est 7.18 ▲ beat |
| 2026-06-30 | USD 7.68 vs est 6.82 ▲ beat |
| 2026-03-31 | USD 6.14 vs est 6.06 ▲ beat |
| 2025-12-31 | USD 7.23 vs est 6.96 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
Financials & Fundamentals (NOC)
| Total Revenue | $43.59B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +6.70% |
| Gross Margin | +20.03% |
| Operating Margin | +12.91% |
| Profit Margin | +10.37% |
| ROE | +26.07% |
| Debt / Equity | 0.89 |
| Current Ratio | 1.23 |
| Total Cash | $3.74B |
| Total Debt | $16.63B |
| Free Cash Flow (last four quarters to Sep 2026, SEC 10-Q / 10-K) | $3.83B (8.8% of revenue) |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
Financial Health Score (NOC)
Nexqual rates Northrop Grumman Corporation's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:49 UTC.
| Growth | Mixed — Revenue +2.2% YoY (annual), slow |
|---|---|
| Profitability | Mixed — Gross margin 20%, operating 13% (last 12 months) |
| Balance Sheet | Mixed — $3.74B cash and investments vs $15.2B debt (Sep 2026, SEC) |
| Cash Flow | Solid — FCF $3.83B (last 4 quarters to Sep 2026, SEC), 9% margin |
| Efficiency | Strong — ROE 26%, ROA 7.1% |
Ownership (NOC)
| Insider Ownership | +0.27% |
|---|---|
| Institutional Ownership | +84.60% |
| Shares Outstanding | 142.06M |
| Float | 141.59M |
| Short % of Float | +1.61% |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
Leadership (NOC)
Northrop Grumman Corporation is led by Kathy J. Warden, Chair, CEO & President, per Nexqual as of October 23, 2026 at 09:49 UTC.
| Chair, CEO & President | Kathy J. Warden |
|---|---|
| Corporate VP & President of Aeronautics Systems Sector | Thomas H. Jones |
| Corporate VP & President of Northrop Grumman Space Systems Sector | Robert J. Fleming |
| Corporate VP & President of Mission Systems Sector | Roshan S. Roeder |
| Corporate VP & CFO | John Thomas Greene |
Major Backers & Investors (NOC)
Notable institutional backers of Northrop Grumman Corporation include Capital International Investors, Capital Group, Wellington Management, according to Nexqual as of October 23, 2026 at 09:49 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Capital International Investors | 4.12% |
| Capital Group | 3.56% |
| Wellington Management | 3.47% |
| WASHINGTON MUTUAL INVESTORS FUND | 2.71% |
| Morgan Stanley | 2.51% |
| Franklin Resources, Inc. | 2.38% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| State Street | 9.27% |
| Vanguard Group | 8.86% |
| BlackRock | 8.29% |
| Geode Capital | 2.3% |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
From Northrop Grumman Corporation's Latest SEC 10-K Filing (filed 2026-01-27)
Key Strengths & Strategy (as disclosed to the SEC)
- We developed into one of the largest defense technology companies in the world through organic growth and a series of acquisitions and divestitures, including the following: •1994 - Acquired Grumman Corporation, a premier military aircraft systems integrator.
- Space Systems is a leader in delivering end-to-end mission solutions through the design, development, integration, production and operation of space, missile defense, and launch systems for national security, civil government, commercial and international customers.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject to various investigations, claims, disputes, enforcement actions, litigation, and other legal proceedings that could ultimately be resolved against us and could have a material adverse effect on our financial position, results of operations and/or cash flows.
- The improper conduct of employees, agents, subcontractors, suppliers, business partners or joint ventures in which we participate can impact our reputation and our ability to do business, which could have a material adverse effect on our financial position, results of operations and/or cash flows.
- Environmental matters, unforeseen costs associated with compliance and remediation efforts, and government and third-party claims, could have a material adverse effect on our reputation and our financial position, results of operations and/or cash flows.
- Our operations are subject to and affected by a variety of federal, state, local and foreign environmental laws and regulations, including as they may be expanded, otherwise changed or enforced differently over time.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| HWM | Howmet Aerospace Inc. | USD 193.29 | ▼ 7.14% |
| GD | General Dynamics Corporation | USD 350.79 | ▲ 1.76% |
| TDG | Transdigm Group Incorporated | USD 1,141.74 | ▲ 1.09% |
| HONA | Honeywell Aerospace Inc. | USD 163.02 | ▲ 0.34% |
| LMT | Lockheed Martin Corporation | USD 589.91 | ▲ 6.96% |
| LHX | L3Harris Technologies, Inc. | USD 254.23 | ▲ 2.7% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:49 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt