Operating Income for Northrop Grumman (NOC)
According to Northrop Grumman's latest reported financial statements, the company's current operating income (TTM) is $4.70B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$4.70B
YoY change
-2.1%
5Y CAGR
+1.0%
Peak year (2021)
$5.65B
Cumulative operating income
$80.14B
Operating Income history chart for Northrop Grumman (NOC) from 1985 to 2025
Operating Income history table for Northrop Grumman (NOC) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $4.28B | -2.1% | ||
| 2024 | $4.37B | +72.3% | ||
| 2023 | $2.54B | -29.5% | ||
| 2022 | $3.60B | -36.3% | ||
| 2021 | $5.65B | +39.0% | ||
| 2020 | $4.07B | +2.4% | ||
| 2019 | $3.97B | +5.0% | ||
| 2018 | $3.78B | +14.6% | ||
| 2017 | $3.30B | +3.3% | ||
| 2016 | $3.19B | +3.8% | ||
| 2015 | $3.08B | -3.8% | ||
| 2014 | $3.20B | +2.3% | ||
| 2013 | $3.12B | -0.2% | ||
| 2012 | $3.13B | -4.5% | ||
| 2011 | $3.28B | +15.9% | ||
| 2010 | $2.83B | +13.9% | ||
| 2009 | $2.48B | -2336.9% | ||
| 2008 | -$111.00M | -103.7% | ||
| 2007 | $3.01B | +22.5% | ||
| 2006 | $2.45B | +12.7% | ||
| 2005 | $2.18B | +6.7% | ||
| 2004 | $2.04B | +32.7% | ||
| 2003 | $1.54B | +10.6% | ||
| 2002 | $1.39B | +38.5% | ||
| 2001 | $1.00B | -8.6% | ||
| 2000 | $1.10B | +13.3% | ||
| 1999 | $969.00M | +28.2% | ||
| 1998 | $756.00M | -14.1% | ||
| 1997 | $880.00M | +33.7% | ||
| 1996 | $658.00M | +22.8% | ||
| 1995 | $536.00M | +169.3% | ||
| 1994 | $199.00M | -9.1% | ||
| 1993 | $219.00M | -4.4% | ||
| 1992 | $229.00M | -34.9% | ||
| 1991 | $351.50M | +20.5% | ||
| 1990 | $291.60M | +1151.5% | ||
| 1989 | $23.30M | -7.5% | ||
| 1988 | $25.20M | -84.9% | ||
| 1987 | $167.20M | +136.2% | ||
| 1986 | $70.80M | -77.0% | ||
| 1985 | $307.80M | — |
Operating Income values are taken from Northrop Grumman's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Northrop Grumman (NOC) reported operating income of $4.28B – edged down 2.1% year-over-year.
Across 2020–2025 (5 years), Northrop Grumman operating income produced a CAGR of +1.0% – with the latest reading among the more recent periods of the dataset.
Between 2021 and 2025, Northrop Grumman operating income declined 24.3%, falling from $5.65B to $4.28B.
Across the available history, operating income reached its high of $5.65B in 2021 and its low of -$111.00M in 2008.
Among 8 Industrials peers, Northrop Grumman (NOC) ranks 8th; the peer median for operating income is $8.59B.
Northrop Grumman Operating Income by Year
Northrop Grumman Operating Income 2025: $4.28B
Northrop Grumman operating income in 2025 was $4.28B, edged down 2.1% below 2024.
Northrop Grumman Operating Income 2024: $4.37B
Northrop Grumman operating income in 2024 was $4.37B, surged 72.3% from 2023.
Northrop Grumman Operating Income 2023: $2.54B
Northrop Grumman operating income in 2023 was $2.54B, declined 29.5% below 2022.
Northrop Grumman Operating Income 2022: $3.60B
Northrop Grumman operating income in 2022 was $3.60B, plunged 36.3% below 2021.
Northrop Grumman Operating Income 2021: $5.65B
Northrop Grumman operating income in 2021 was $5.65B.
See more financial history for Northrop Grumman (NOC).
Sector peers — Operating Income
Companies in the same sector as Northrop Grumman, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $11.21B | Industrials |
| Union Pacific Corporation (UNP) | $9.84B | Industrials |
| RTX Corporation (RTX) | $8.89B | Industrials |
| GE Aerospace (GE) | $8.77B | Industrials |
| Deere & Company (DE) | $8.42B | Industrials |
| Honeywell International Inc. (HON) | $6.57B | Industrials |
| Eaton Corporation plc (ETN) | $5.23B | Industrials |
| The Boeing Company (BA) | -$5.42B | Industrials |
Frequently asked questions
What is Northrop Grumman's operating income?
- Latest reported operating income for Northrop Grumman (NOC) is $4.70B (period ending March 31, 2026).
How has Northrop Grumman operating income changed year-over-year?
- Northrop Grumman (NOC) operating income changed -2.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Northrop Grumman operating income?
- Northrop Grumman (NOC) operating income compound annual growth rate is +1.0% over the most recent 5 years available.
When did Northrop Grumman operating income hit its highest annual value?
- Northrop Grumman operating income reached its highest annual value of $5.65B in 2021.
What was Northrop Grumman operating income in 2024?
- Northrop Grumman (NOC) operating income in 2024 was $4.37B.
What was Northrop Grumman operating income in 2025?
- Northrop Grumman (NOC) operating income in 2025 was $4.28B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
NOC Overview
Company profile, financial tools, and key metrics
NOC Revenue Counter
Earns $1,343 every second. See per minute, hour, and day.
NOC Earnings Counter
Earns $145.10 per second net profit. See per minute, hour, and day.
NOC Economic Scale
Exceeds Zimbabwe's GDP. Compare with world economies.
NOC What If Invested
What if you had invested $1,000? See historical returns from any date.
NOC How It Makes Money
Discover visual breakdown of $42.37B in revenue — where it comes from and where it goes.
NOC Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
NOC Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
NOC Daily Price Character
Steady · 49.6% historical win rate (green days). Streaks & record days.
NOC Buybacks
1.25% TTM buyback yield. Shareholder yield & SBC comparison.
NOC Stock Split History
5 splits on record. Dates, ratios, and cumulative multiple.
NOC Dividend Profile
Yield: 1.61%. Safety: 6/8. See full history.
NOC Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
NOC Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.