Quick answer: latest quarter results, by ticker or company name

Reported Q: Q2 2024 Rev YoY: +6.7% EPS YoY: +19.1% Move: -1.87%

Northrop Grumman

NOC

$685.00 -1.87%

Exchange NYSE Sector Industrials Industry Aerospace Defense

Q2 2024

Published: Jul 25, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for NOC

Reported

Report Date

Jul 25, 2024

Quarter Q2 2024

Revenue

10.22B

YoY: +6.7%

EPS

6.36

YoY: +19.1%

Market Move

-1.87%

Previous quarter: Q1 2024

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Earnings Highlights

Revenue of $10.22B up 6.7% year-over-year
EPS of $6.36 increased by 19.1% from previous year
Gross margin of 21.4%
Net income of 940.00M
"Kathy Warden: "The breadth and depth of our portfolio is an important differentiator, particularly when coupled with the effectiveness of our strategy in aligning our resources to anticipate and deliver on our customers' needs."" - Kathy Warden

NOC

Northrop Grumman Corporation

Period Q2 2024

Currency USD

Report Type Quarterly Earnings

Generated Feb 11, 2026

Executive Summary

In Q2 2024, Northrop Grumman Corporation delivered impressive financial results, with total revenue reaching $10.2 billion, reflecting a 7% year-over-year increase. This performance was driven by robust sales across all segments, primarily supported by demand for advanced weapon systems and sustained operational efficiency. Operating income grew by 13%, leading to a notable 19% growth in earnings per share (EPS), now at $6.36. Management highlighted confidence in future performance and increased revenue and EPS guidance for the year, indicating strong operational momentum and robust free cash flow generation, which was enhanced by a significant focus on cost management and strategic investment in capabilities.

Key Performance Indicators

Revenue

Increasing

10.22B

QoQ: 0.84% | YoY: 6.70%

Gross Profit

Increasing

2.19B

21.44% margin

QoQ: 2.72% | YoY: 7.40%

Operating Income

Increasing

1.09B

QoQ: 1.77% | YoY: 12.72%

Net Income

Increasing

940.00M

QoQ: -0.42% | YoY: 15.76%

EPS

Increasing

6.37

QoQ: 0.47% | YoY: 19.07%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue Performance: Revenue of $10.2 billion, a 7% increase compared to Q2 2023. Year-to-date revenue growth stands at 8%.

Profitability: Net income was $940 million with a net profit margin of 9.2%. EPS growth reached 19% versus the prior year, reaffirming Northrop's ability to enhance shareholder returns.

Balance Sheet Health: Total assets amounted to $47.67 billion with total liabilities of $33.37 billion, yielding a debt-to-equity ratio of approximately 1.27. The current ratio stands at 1.09, indicating adequate liquidity.

Cash Flow: Generated free cash flow of $1.1 billion, marking an 80% year-over-year increase. Significant returns to shareholders through $900 million in dividends and share repurchases were highlighted.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	10.22B	6.70%	0.84%
Gross Profit	2.19B	7.40%	2.72%
Operating Income	1.09B	12.72%	1.77%
Net Income	940.00M	15.76%	-0.42%
EPS	6.37	19.07%	0.47%

Key Financial Ratios

Gross Profit Margin

Fair

21.40%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Fair

10.70%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Fair

9.20%

Net profit margin is moderate, room for improvement in cost management

Return on Assets

Weak

1.97%

Return on assets suggests inefficient capital allocation

Return on Equity

Fair

6.57%

Return on equity is acceptable but below top-tier companies

Current Ratio

Adequate

1.09

Current ratio meets minimum requirements but limited cushion

Debt to Equity

High Risk

1.27

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Fair Value

17.06x

P/E ratio in line with market averages

Price to Book

Premium

4.49x

Trading at premium to book value, reflects strong intangibles or growth

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q4 2024	10,686.00	8.66	+0.5%	View
Q3 2024	9,996.00	7.00	+2.3%	View
Q2 2024	10,218.00	6.36	+6.7%	View
Q1 2024	10,133.00	6.32	+9.0%	View
Q4 2023	10,638.00	-3.54	+6.0%	View

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Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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