Stock Analysis on Net
Stock Analysis on Net

Northrop Grumman Corp. (NYSE:NOC)

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 31,323 30,334 30,903 27,934 24,796
International 4,848 4,982 5,188 5,154 4,434
Other customers 431 351 708 753 865
Sales 36,602 35,667 36,799 33,841 30,095

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.