Stock Analysis on Net
Stock Analysis on Net
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Northrop Grumman Corp. (NYSE:NOC)

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Common-Size Income Statement

Beginner level

Northrop Grumman Corp., common-size consolidated income statement

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12 months ended: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Cost of sales
Gross profit
General and administrative expenses
Operating income
Interest expense
FAS (non-service) pension benefit
Mark-to-market pension and OPB expense
Other, net
Other income (expense)
Earnings before income taxes
Federal and foreign income tax expense
Net earnings

Based on: 10-K (filing date: 2021-01-28), 10-K (filing date: 2020-01-30), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-01-29), 10-K (filing date: 2017-01-30).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Northrop Grumman Corp.’s operating income as a percentage of sales decreased from 2018 to 2019 and from 2019 to 2020.
Earnings before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Northrop Grumman Corp.’s earnings before income taxes as a percentage of sales decreased from 2018 to 2019 but then increased from 2019 to 2020 not reaching 2018 level.
Net earnings The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Northrop Grumman Corp.’s net earnings as a percentage of sales decreased from 2018 to 2019 but then slightly increased from 2019 to 2020.