How does Northrop Grumman (NOC) make money?

Northrop Grumman (NOC) generates revenue primarily from Aeronautics Systems, which accounted for 30.5% of total revenue in TTM through Q2 2026. The company reported $42.9B in revenue and converted 10.5% of it into net profit, equivalent to roughly $4.5B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Northrop Grumman (NOC)?

Northrop Grumman (NOC) reported a gross profit margin of 20.1% in TTM through Q2 2026, equivalent to $8.6B in gross profit on $42.9B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Northrop Grumman (NOC)?

Northrop Grumman (NOC) reported an operating profit margin of 10.2% in TTM through Q2 2026, equivalent to $4.37B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Northrop Grumman (NOC)?

Northrop Grumman (NOC) reported a net profit margin of 10.5% in TTM through Q2 2026, equivalent to $4.5B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Northrop Grumman (NOC) profitable?

Yes. Northrop Grumman (NOC) reported $4.5B in net income for TTM through Q2 2026, with a net profit margin of 10.5%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

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

Northrop Grumman (NOC) spent $1.43B on capital expenditures (CapEx) during TTM through Q2 2026, roughly 3.3% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Northrop Grumman (NOC) generate?

Northrop Grumman (NOC) generated $3.65B in free cash flow during TTM through Q2 2026, a free-cash-flow margin of 8.5%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Northrop Grumman (NOC)?

Northrop Grumman (NOC) had an effective tax rate of 14.5% in TTM through Q2 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Northrop Grumman (NOC)?

Northrop Grumman (NOC) reports revenue across 4 reportable product segments, led by Aeronautics Systems at 30.5% of total revenue in TTM through Q2 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does Northrop Grumman (NOC) generate most of its revenue?

Europe is the largest geographic market for Northrop Grumman (NOC), accounting for 62.2% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How Northrop Grumman Makes Money: 2026 Visual Revenue Map

Northrop Grumman (NOC) Income Statement Flow — TTM through Q2 2026

Calculated from the four most recent reported quarters, ending June 30, 2026 (reported July 21, 2026).

Northrop Grumman (NOC) Revenue by Product Segment — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Northrop Grumman (NOC), TTM through Q2 2026.
Segment	Revenue (USD)	% of total
Aeronautics Systems	$13.1B	30.5%
Mission Systems	$11.9B	27.8%
Space Systems	$10.2B	23.7%
Defense Systems	$7.73B	18%
Total	$42.9B	100%

Aeronautics Systems$13.1B
Mission Systems$11.9B
Space Systems$10.2B
Defense Systems$7.73B
Total$42.9B

Northrop Grumman (NOC) Revenue by Geography — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for Northrop Grumman (NOC), TTM through Q2 2026
Region	Revenue (USD)	% of total
Europe	$3.34B	62.2%
Asia Pacific	$2.03B	37.8%
Total	$5.37B	100%

Europe
Asia Pacific
Total

Revenue Breakdown — TTM through Q2 2026

In TTM through Q2 2026, Northrop Grumman (NOC) reports revenue across 4 reportable product segments; the largest segment was Aeronautics Systems at 30.5%, followed by Mission Systems (27.8%) and Space Systems (23.7%). Geographically, Europe accounted for 62.2% of revenue, followed by Asia Pacific (37.8%).

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