Stock Analysis on Net

Northrop Grumman Corp. (NYSE:NOC)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 27, 2023.

Analysis of Revenues

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Revenues as Reported

Northrop Grumman Corp., income statement, revenues

US$ in millions

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12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
U.S. government
International
Other customers
Sales

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).


U.S. Government Revenue
The revenue generated from the U.S. government displayed a consistent upward trend from 2018 to 2020, increasing from $24,796 million to $30,903 million. In 2021, there was a slight decrease to $30,334 million, followed by a rebound to $31,323 million in 2022, marking the highest value in the observed period.
International Revenue
International revenue increased steadily from 2018 to 2020, rising from $4,434 million to $5,188 million. However, this was followed by a gradual decline in 2021 and 2022, with values of $4,982 million and $4,848 million respectively, suggesting a weakening in international sales during the latter years.
Other Customers Revenue
Sales to other customers have shown a marked decreasing trend overall. Starting at $865 million in 2018, revenue dropped to $753 million in 2019, further to $708 million in 2020, and experienced a significant decline to $351 million in 2021. A slight recovery is observed in 2022 with an increase to $431 million, although it remains well below earlier figures.
Total Sales
Total sales followed an upward trajectory from 2018 through 2020, increasing from $30,095 million to $36,799 million. There was a modest decline in 2021 to $35,667 million, followed by a rebound to $36,602 million in 2022, indicating slight volatility but overall growth over the five-year span.
Overall Insights
The revenue composition indicates a heavy reliance on U.S. government contracts, which have generally grown over the period despite a minor dip in 2021. International revenues peaked in 2020 and then showed a downward trend. Revenues from other customers decreased significantly, reflecting a reduced contribution to overall sales. The total sales trend mirrors the dominant influence of government revenue, demonstrating steady growth with minor fluctuations in the most recent years.