Stock Analysis on Net
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.

Net Profit Margin
since 2005

Microsoft Excel

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Calculation

Northrop Grumman Corp., net profit margin, long-term trends, calculation

Microsoft Excel
Net profit margin = 100 × Net earnings (loss)1 ÷ Sales1
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Dec 31, 2005 = 100 × ÷

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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

The financial data over the observed periods reveal significant fluctuations in net earnings alongside relatively stable sales figures, with some periods of decline and recovery. The company's profitability, as measured by net profit margin, exhibits a generally positive trend with notable exceptions during years of negative earnings.

Net Earnings (Loss)
Net earnings show varied performance with a pronounced loss in 2008 (-$1,262 million), which marks a sharp deviation from positive earnings in prior years. Following this loss, earnings recovered and generally trended upward, peaking at $7,005 million in 2021 before declining to $4,896 million in 2022. The post-2008 recovery suggests resilience, with several fluctuations reflecting possible operational or market challenges.
Sales
Sales revenue remained relatively stable, fluctuating between approximately $23.5 billion and $37 billion. A peak is observed in 2020 at nearly $36,799 million, followed by minor decreases and eventual stabilization around $36,602 million in 2022. The data indicates steady demand and revenue generation capacity, although sales dipped notably between 2006 and 2012, corresponding with periods of challenging earnings.
Net Profit Margin
The net profit margin aligns closely with net earnings trends. Initially stable around 4.5% to 5.5%, it became negative at -3.72% in 2008 alongside net losses. Thereafter, margins improved markedly, achieving double-digit levels (10.73%) in 2018 and reaching a peak of 19.64% in 2021. The margin then declined to 13.38% in 2022 but remained strong relative to earlier years, underscoring improved efficiency or cost control during profitable years.

Overall, the analysis suggests that while sales have been fairly consistent, net earnings and profitability have experienced greater volatility, influenced by specific economic or operational factors around 2008 and in the early 2020s. The company demonstrated a robust recovery from losses with improved margins, highlighting stronger profitability management in recent years despite fluctuating absolute earnings figures.

Comparison to Competitors

Northrop Grumman Corp., net profit margin, long-term trends, comparison to competitors

Microsoft Excel
Northrop Grumman Corp. Boeing Co. Caterpillar Inc. Eaton Corp. plc GE Aerospace Honeywell International Inc. Lockheed Martin Corp. RTX Corp.
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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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Capital Goods)

Northrop Grumman Corp., net profit margin, long-term trends, comparison to sector (capital goods)

Microsoft Excel
Northrop Grumman Corp. Capital Goods
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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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Industrials)

Northrop Grumman Corp., net profit margin, long-term trends, comparison to industry (industrials)

Microsoft Excel
Northrop Grumman Corp. Industrials
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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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).