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NOC

Northrop Grumman Corporation

NOC

NYSE·Industrials·Aerospace & Defense·Mkt cap $73.9B

$549.01

+5.59%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$493.84 - $774.00

P/E

17.18

Fwd P/E

18.20

Beta

-0.12

Div Yield

1.81%

Avg Vol

901.5K

Shares Out

142.0M

Mkt Cap

$73.9B

Price action

Price chart

Up 4.2% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Long-term government defense contracts
  • Advanced technological capabilities
  • Deep expertise in complex defense systems
  • Strong research and development infrastructure

Bear Case

1 risk

  • Low volatility (beta -0.1).

Growth

Moderate growth ahead

Increased national defense spending

Value

Undervalued - trading well below Defense Prime Contractors peers

Momentum

Falling

-26.0% over 3m

Quality

Stable

Excellent business quality

Dividend

Modest

1.81% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 20, 2026

Q2 26 RECAP

APR 21, 2026

Reported EPS of $6.14 vs $6.06 consensus (+1.3% surprise). Revenue of $9.9B vs $9.8B expected (+1.3%). Beat on both top and bottom lines.

EPS beat +1.3%
Rev beat +1.3%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+1.3%

Next: Apr 20, 2026

Revenue trend · last 8Q

+0%

-7%

+1%

+4%

+10%

+4%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$10.2B

$10.0B

$10.7B

$9.5B

$10.4B

$10.4B

$11.7B

$9.9B

Margins · last 8Q

Gross

19.8%

Operating

10.0%

Profit

8.9%

Wall Street consensus

8 analysts · 75% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

6

75%

Hold

2

25%

Sell

0%

Median Price Target

$685.00

+24.8% vs $549.01

Low $620.00
Median $685.00
High $745.00

Latest: Jefferies · $620.00 · May 26, 2026

2 analysts covering

vs Industry

How NOC stacks vs Aerospace & Defense

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.