--- title: "Northrop Grumman: Metrics Guide" description: "Northrop Grumman revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained." canonical: https://www.getswoopr.com/stocks/companies/northrop-grumman/metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Northrop Grumman: Financial & Operating Metrics Guide ## Direct Answer Northrop Grumman reported revenue of $42.0 billion for the fiscal year ended December 31, 2025, with an operating margin of 10.8% and net income of $4.2 billion, according to its SEC filings. Revenue grew 2.2% from the prior year. ## What Are Northrop Grumman's Key Financial Figures? | Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 | FY2023ended December 31, 2023 | FY2022ended December 31, 2022 | | --- | --- | --- | --- | --- | | Revenue | $42.0 billion | $41.0 billion | $39.3 billion | $36.6 billion | | Operating income | $4.5 billion | $4.4 billion | $2.5 billion | $3.6 billion | | Operating margin | 10.8% | 10.6% | 6.5% | 9.8% | | Net income | $4.2 billion | $4.2 billion | $2.1 billion | $4.9 billion | | Net margin | 10.0% | 10.2% | 5.2% | 13.4% | | Operating cash flow | $4.8 billion | $4.4 billion | $3.9 billion | $2.9 billion | | Capital expenditures | $1.4 billion | $1.8 billion | $1.8 billion | $1.4 billion | | Free cash flow | $3.3 billion | $2.6 billion | $2.1 billion | $1.5 billion | Operating margin held roughly steady between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $3.3 billion against net income of $4.2 billion; cash generation fell short of reported earnings, which is worth reconciling in the cash flow statement. ![Bar chart of Northrop Grumman revenue, operating income, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $42.0 billion, operating income $4.5 billion and net income $4.2 billion.](https://www.getswoopr.com/images/charts/northrop-grumman-metrics-revenue-profit.webp) *Northrop Grumman revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of Northrop Grumman operating margin and net margin for fiscal 2022 to 2025. In fiscal 2025, operating margin was 10.8% and net margin was 10.0%.](https://www.getswoopr.com/images/charts/northrop-grumman-metrics-margins.webp) *Northrop Grumman operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of Northrop Grumman operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $4.8 billion, capital expenditures was $1.4 billion, free cash flow was $3.3 billion.](https://www.getswoopr.com/images/charts/northrop-grumman-metrics-cash-flow.webp) *Northrop Grumman operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does Northrop Grumman's Balance Sheet Show? | Cash and cash equivalents | $4.4 billion | | --- | --- | | Long-term debt | $15.2 billion | | Total assets | $51.4 billion | | Total liabilities | $34.7 billion | | Shareholders' equity | $16.7 billion | | Current ratio | 1.1x | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value Northrop Grumman reported in its own SEC filings, read from the SEC's XBRL data (accession 0001133421-26-000003 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was Northrop Grumman's revenue in fiscal 2025? Northrop Grumman reported revenue of $42.0 billion for the fiscal year ended December 31, 2025, according to its SEC filings. ### What is Northrop Grumman's operating margin? Northrop Grumman's operating margin was 10.8% in fiscal 2025: operating income of $4.5 billion on revenue of $42.0 billion. ### How much free cash flow did Northrop Grumman generate? Operating cash flow of $4.8 billion less capital expenditures of $1.4 billion gives free cash flow of $3.3 billion for fiscal 2025. ## References - [SEC EDGAR: NORTHROP GRUMMAN CORP /DE/ Form 10-K filed January 27, 2026](https://www.sec.gov/Archives/edgar/data/1133421/000113342126000003/noc-20251231.htm) - [SEC EDGAR: NORTHROP GRUMMAN CORP /DE/ annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1133421&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Northrop Grumman company dossier](https://www.getswoopr.com/stocks/companies/northrop-grumman/) - [Northrop Grumman financial metrics](https://www.getswoopr.com/stocks/companies/northrop-grumman/metrics/) - [Northrop Grumman financial risk indicators](https://www.getswoopr.com/stocks/companies/northrop-grumman/risks/) - [Northrop Grumman peer comparison](https://www.getswoopr.com/stocks/companies/northrop-grumman/competitors/) - [Northrop Grumman business model and revenue mix](https://www.getswoopr.com/stocks/companies/northrop-grumman/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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