How Northrop Grumman (NOC) Makes Money: A Visual Guide

Northrop Grumman (NOC) generated $41.95B in revenue (TTM through Q4 2025), earning $4.18B in net profit (10% margin). Its largest revenue source is Aeronautics Systems (29.3% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Northrop Grumman (NOC) Income Statement Flow

Frequently asked questions

How does Northrop Grumman (NOC) make money?

Northrop Grumman (NOC) primarily makes money through Aeronautics Systems, which accounts for 29.3% of total revenue. For TTM through Q4 2025, Northrop Grumman generated $41.95B in total revenue with a net profit margin of 10%.

What is Northrop Grumman (NOC) gross profit margin?

Northrop Grumman (NOC) reported a gross profit margin of 19.8% for TTM through Q4 2025, equivalent to $8.31B in gross profit. This means Northrop Grumman retains 19.8% of each revenue unit after direct costs of production.

What is Northrop Grumman (NOC) operating profit margin?

Northrop Grumman (NOC) reported an operating profit margin of 10.2% for TTM through Q4 2025, equivalent to $4.28B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Northrop Grumman (NOC) net profit margin?

Northrop Grumman (NOC) reported a net profit margin of 10% for TTM through Q4 2025, equivalent to $4.18B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Northrop Grumman (NOC) spend on capital expenditures?

Northrop Grumman (NOC) spent $1.45B on capital expenditures in TTM through Q4 2025 (3.5% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Northrop Grumman (NOC) free cash flow?

Northrop Grumman (NOC) generated $3.31B in free cash flow for TTM through Q4 2025 (7.9% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Northrop Grumman (NOC) effective tax rate?

Northrop Grumman (NOC) had an effective tax rate of 17.5% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

About this data

What is a Sankey diagram?
A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?
We use the income statement from company filings. For TTM (Trailing Twelve Months), we sum the last four quarters. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?
Based on company filings through TTM through Q4 2025.