TTM
11.1%
YoY change
−0.45pp
Trough year (2008)
-0.3%
Peak year (2021)
15.8%
Latest annual
10.2%
Operating Margin history chart for Northrop Grumman (NOC) from 1985 to 2025
Latest: 10.2%
Operating Margin change chart for Northrop Grumman (NOC) from 1985 to 2025
Latest: −0.45pp
Operating Margin history table for Northrop Grumman (NOC) from 1985 to 2025
| 2025 | 10.2% | -0.45pp | ||
| 2024 | 10.6% | +4.19pp | ||
| 2023 | 6.5% | -3.38pp | ||
| 2022 | 9.8% | -6.01pp | ||
| 2021 | 15.8% | +4.80pp | ||
| 2020 | 11.0% | -0.68pp | ||
| 2019 | 11.7% | -0.83pp | ||
| 2018 | 12.6% | -0.23pp | ||
| 2017 | 12.8% | -0.24pp | ||
| 2016 | 13.0% | -0.05pp | ||
| 2015 | 13.1% | -0.25pp | ||
| 2014 | 13.3% | +0.66pp | ||
| 2013 | 12.7% | +0.25pp | ||
| 2012 | 12.4% | +0.01pp | ||
| 2011 | 12.4% | +2.36pp | ||
| 2010 | 10.0% | +2.69pp | ||
| 2009 | 7.4% | +7.68pp | ||
| 2008 | -0.3% | -9.72pp | ||
| 2007 | 9.4% | +1.25pp | ||
| 2006 | 8.1% | +1.05pp | ||
| 2005 | 7.1% | +0.25pp | ||
| 2004 | 6.8% | +0.97pp | ||
| 2003 | 5.9% | -2.22pp | ||
| 2002 | 8.1% | +0.68pp | ||
| 2001 | 7.4% | -7.01pp | ||
| 2000 | 14.4% | +3.64pp | ||
| 1999 | 10.8% | +2.28pp | ||
| 1998 | 8.5% | -1.12pp | ||
| 1997 | 9.6% | +1.46pp | ||
| 1996 | 8.2% | +0.29pp | ||
| 1995 | 7.9% | +4.90pp | ||
| 1994 | 3.0% | -1.36pp | ||
| 1993 | 4.3% | +0.20pp | ||
| 1992 | 4.1% | -2.05pp | ||
| 1991 | 6.2% | +0.86pp | ||
| 1990 | 5.3% | +4.87pp | ||
| 1989 | 0.4% | +0.01pp | ||
| 1988 | 0.4% | -2.33pp | ||
| 1987 | 2.8% | +1.50pp | ||
| 1986 | 1.3% | -4.82pp | ||
| 1985 | 6.1% | — |
- 202510.2%-0.45pp
- 202410.6%+4.19pp
- 20236.5%-3.38pp
- 20229.8%-6.01pp
- 202115.8%+4.80pp
- 202011.0%-0.68pp
- 201911.7%-0.83pp
- 201812.6%-0.23pp
- 201712.8%-0.24pp
- 201613.0%-0.05pp
- 201513.1%-0.25pp
- 201413.3%+0.66pp
- 201312.7%+0.25pp
- 201212.4%+0.01pp
- 201112.4%+2.36pp
- 201010.0%+2.69pp
- 20097.4%+7.68pp
- 2008-0.3%-9.72pp
- 20079.4%+1.25pp
- 20068.1%+1.05pp
- 20057.1%+0.25pp
- 20046.8%+0.97pp
- 20035.9%-2.22pp
- 20028.1%+0.68pp
- 20017.4%-7.01pp
- 200014.4%+3.64pp
- 199910.8%+2.28pp
- 19988.5%-1.12pp
- 19979.6%+1.46pp
- 19968.2%+0.29pp
- 19957.9%+4.90pp
- 19943.0%-1.36pp
- 19934.3%+0.20pp
- 19924.1%-2.05pp
- 19916.2%+0.86pp
- 19905.3%+4.87pp
- 19890.4%+0.01pp
- 19880.4%-2.33pp
- 19872.8%+1.50pp
- 19861.3%-4.82pp
- 19856.1%—
Operating Margin values are taken from Northrop Grumman's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Northrop Grumman (NOC)
According to Northrop Grumman's latest reported financial statements, the company's latest reported operating margin is 11.1%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual operating margin for Northrop Grumman (NOC) came in at 10.20% – contracted 0.4 percentage points year-over-year.
The record annual operating margin stands at 15.84%, reached in 2021; the historical low of -0.33% was recorded in 2008.
Northrop Grumman Operating Margin by Year
Northrop Grumman Operating Margin 2025: 10.2%
Northrop Grumman operating margin in 2025 was 10.20%, contracted 0.4 percentage points from 2024.
Northrop Grumman Operating Margin 2024: 10.6%
2024's operating margin for Northrop Grumman came in at 10.65%, expanded 4.2 percentage points from 2023.
Northrop Grumman Operating Margin 2023: 6.5%
Northrop Grumman posted operating margin of 6.46% in 2023, contracted 3.4 percentage points from 2022.
Northrop Grumman Operating Margin 2022: 9.8%
In 2022, Northrop Grumman reported operating margin of 9.84%, contracted 6.0 percentage points from 2021.
Northrop Grumman Operating Margin 2021: 15.8%
Northrop Grumman operating margin in 2021 was 15.84%.
See more financial history for Northrop Grumman (NOC).
Sector peers by Operating Margin
Industrials peers of Northrop Grumman (NOC), ranked by their latest operating margin
| 40.1% | |
| 18.5% | |
| 18.1% | |
| 17.9% | |
| 16.6% | |
| 14.9% | |
| 10.9% | |
| -5.9% |
- 40.1%
- 18.5%
- 17.9%
- 16.6%
- 10.9%
- -5.9%
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