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.

Common-Size Income Statement
Quarterly Data

Northrop Grumman Corp., common-size consolidated income statement (quarterly data)

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3 months ended: Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Product 78.17 78.97 77.80 77.03 77.77 78.81 78.50 78.60 76.68 75.30 73.40 72.96 71.65 71.63 70.76 69.54 69.95 70.82 69.44 67.28 63.68
Service 21.83 21.03 22.20 22.97 22.23 21.19 21.50 21.40 23.32 24.70 26.60 27.04 28.35 28.37 29.24 30.46 30.05 29.18 30.56 32.72 36.32
Sales 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Product -61.57 -64.90 -62.30 -60.00 -61.16 -65.37 -61.38 -61.41 -62.14 -60.07 -58.86 -57.71 -57.45 -54.12 -56.37 -55.12 -55.16 -56.22 -52.36 -51.95 -48.54
Service -17.08 -16.92 -17.43 -17.74 -17.55 -16.68 -16.44 -16.26 -18.86 -19.47 -20.89 -21.74 -22.58 -21.73 -23.26 -24.42 -24.13 -23.10 -23.04 -26.20 -28.31
Cost of sales -78.66% -81.82% -79.73% -77.74% -78.71% -82.05% -77.82% -77.67% -81.00% -79.53% -79.74% -79.45% -80.02% -75.85% -79.62% -79.54% -79.29% -79.32% -75.40% -78.14% -76.85%
Gross profit 21.34% 18.18% 20.27% 22.26% 21.29% 17.95% 22.18% 22.33% 19.00% 20.47% 20.26% 20.55% 19.98% 24.15% 20.38% 20.46% 20.71% 20.68% 24.60% 21.86% 23.15%
General and administrative expenses -11.16 -9.15 -10.86 -11.42 -11.09 -9.36 -10.22 -10.92 -9.81 -9.19 -9.41 -9.37 -9.14 -11.12 -9.16 -9.27 -9.28 -9.12 -10.11 -10.38 -10.56
Gain on sale of business 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 21.62 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating income 10.18% 9.03% 9.41% 10.84% 10.20% 8.59% 11.96% 11.41% 30.82% 11.28% 10.84% 11.19% 10.84% 13.03% 11.22% 11.19% 11.43% 11.56% 14.50% 11.48% 12.59%
Interest expense -1.39 -1.20 -1.36 -1.49 -1.51 -1.54 -1.51 -1.49 -1.69 -1.57 -1.70 -1.73 -1.45 -1.49 -1.45 -1.62 -1.69 -1.74 -1.65 -2.02 -2.12
Non-operating FAS pension benefit 1.42 3.75 4.19 4.28 4.27 4.26 4.21 4.01 4.01 2.85 3.32 3.41 3.50 2.29 2.36 2.37 2.44 3.27 3.34 3.62 3.77
Mark-to-market pension and OPB benefit (expense) 0.00 12.28 0.00 0.00 0.00 27.26 0.00 0.00 0.00 -10.13 0.00 0.00 0.00 -20.64 0.00 0.00 0.00 -8.03 0.00 0.00 0.00
Other, net 0.52 0.58 -0.09 -0.57 0.05 0.15 -0.03 0.30 -0.20 0.55 0.37 0.68 -0.67 0.29 0.32 0.22 0.44 -0.12 0.68 0.63 0.59
Other income (expense) 0.55% 15.41% 2.74% 2.23% 2.81% 30.13% 2.66% 2.82% 2.12% -8.29% 2.00% 2.35% 1.38% -19.55% 1.23% 0.97% 1.20% -6.62% 2.37% 2.23% 2.24%
Earnings before income taxes 10.73% 24.44% 12.15% 13.07% 13.00% 38.72% 14.62% 14.23% 32.94% 2.99% 12.85% 13.54% 12.22% -6.52% 12.45% 12.16% 12.63% 4.94% 16.87% 13.71% 14.83%
Federal and foreign income tax expense -1.68 -3.71 -1.95 -2.32 -2.15 -7.35 -2.43 -2.90 -8.97 0.24 -1.99 -2.23 -2.15 1.83 -1.44 -1.97 -2.09 -0.58 -1.48 -2.63 -2.36
Net earnings 9.05% 20.73% 10.20% 10.75% 10.86% 31.37% 12.19% 11.33% 23.97% 3.23% 10.86% 11.31% 10.07% -4.69% 11.01% 10.18% 10.54% 4.36% 15.39% 11.08% 12.47%

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Northrop Grumman Corp. operating income as a percentage of sales decreased from Q3 2022 to Q4 2022 but then increased from Q4 2022 to Q1 2023 exceeding Q3 2022 level.
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. earnings before income taxes as a percentage of sales increased from Q3 2022 to Q4 2022 but then decreased significantly from Q4 2022 to Q1 2023.
Net earnings The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Northrop Grumman Corp. net earnings as a percentage of sales increased from Q3 2022 to Q4 2022 but then decreased significantly from Q4 2022 to Q1 2023.