Northrop Grumman Corp

  • Earnings Score
  • Moat Score
  • Safety Score
  • Market Cap $69.06B
  • PE 29
  • Debt $16.28B
  • Cash $3.33B
  • EV $82.02B
  • FCF $2.49B

Earnings

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Sales & Net Margins

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Earnings$2.38B
EBIT$2.90B
ROE16%
ROA6%
FCF$2.49B
Equity$14.75B
Growth Stability41%
PE29.08
PEG53.39
PB4.68
P/FCF27.78
P/S1.69
Price/Cash0.05
Debt/Equity1.1
Debt/FCF6.55
Net Margins10%
Op. Margins7%
Earnings CAGR8%
Sales Growth YoY2%
Sales Growth QoQ-2%
Sales CAGR7%
FCF CAGR-1%
Equity CAGR13%
Earnings Stability0.28
Earnings Growth YoY9%
Earnings Growth QoQ9%
Earnings CAGR 5Y1%
Sales CAGR 5Y3%
FCF CAGR 5Y-12%
Equity CAGR 5Y13%
Earnings CAGR 3Y7%
Sales CAGR 3Y7%
FCF CAGR 3Y42%
Equity CAGR 3Y4%
Market Cap$69.06B
Revenue$40.99B
Dividend Yield2%
Payout Ratio49%
Assets$48.29B
Total Debt$16.28B
Cash$3.33B
Shares Outstanding145.81M
EV82.02B
Earnings Score13%
Moat Score86%
Safety Score53%
Final Score51%
Working Capital1.23B
Current Ratio1.09
Shares Growth 3y-2%
Equity Growth QoQ3%
Equity Growth YoY-7%

Assets & ROA

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Stockholders Equity & ROE

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Northrop Grumman is a defense contractor that is diversified across short-cycle and long-cycle businesses. The firm's segments include aeronautics, mission systems, defense services, and space systems. The company's aerospace segment creates the fuselage for the massive F-35 program and produces various piloted and autonomous flight systems. Mission systems creates a variety of sensors and processors for defense hardware. The defense systems segment is a mix between a long-range missile manufacturer and a defense IT service provider. Finally, the company's space systems segment produces various space structures, sensors, and satellites.

SEC Filings

Direct access to Northrop Grumman Corp (NOC) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2023
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2022
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31

Sector Comparison

How does Northrop Grumman Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Northrop Grumman Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 8%
Stability 28%
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Northrop Grumman Corp Discounted Cash Flow

Fully customizable DCF calculator online for Northrop Grumman Corp .

= $24B
012345678910TV
fcf$2.5B$2.5B$2.4B$2.4B$2.4B$2.4B$2.4B$2.4B$2.3B$2.3B$2.3B$23B
DCF$2.2B$2B$1.8B$1.6B$1.5B$1.3B$1.2B$1.1B$981M$885M$8.8B
Value$24B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023TTM
Net Margins9%8%9%8%11%7%9%20%13%5%10%
ROA-13%12%9%10%10%9%21%13%5%6%
ROE-36%42%29%39%25%30%54%32%14%16%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023TTM
Debt over FCF-3.923.769.625.824.965.495.989.566.676.55
Debt over Equity0.821.21.352.31.831.711.510.920.951.1
Growth Stability---97%100%91%100%100%100%41%41%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023CAGR 5Y
Revenue YoY growth--2%5%5%16%12%9%-3%3%7%3%
Earnings YoY growth--4%11%-8%60%-30%42%120%-30%-58%1%
Equity YoY growth--24%-5%34%16%8%20%22%18%-3%13%
FCF YoY growth--17%12%-11%53%18%-5%-25%-32%43%-12%