NOC - Northrop Grumman Corporation
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$704.38
DETAILS
HIGH:
$777.00
LOW:
$623.00
MEDIAN:
$707.00
CONSENSUS:
$704.38
UPSIDE:
5.62%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 41,033.0 | 39,290.0 | 36,602.0 | 35,667.0 | 36,799.0 | 33,841.0 | 30,095.0 | 25,803.0 | 24,508.0 | 23,526.0 |
| Cost of Revenue | 32,671.0 | 32,739.0 | 29,128.0 | 28,399.0 | 29,321.0 | 26,582.0 | 23,304.0 | 19,849.0 | 18,731.0 | 17,884.0 |
| Gross Profit | 8,362.0 | 6,551.0 | 7,474.0 | 7,268.0 | 7,478.0 | 7,259.0 | 6,791.0 | 5,954.0 | 5,777.0 | 5,642.0 |
| Operating Expenses | ||||||||||
| R&D Expenses | 1,100.0 | 1,200.0 | 1,200.0 | 1,100.0 | 0.0 | 953.0 | 764.0 | 639.0 | 705.0 | 712.0 |
| SG&A Expenses | 2,893.0 | 3,906.0 | 1,136.0 | 227.0 | 3,249.0 | 4,290.0 | 2,617.0 | 1,477.0 | 2,971.0 | 2,566.0 |
| Other Expenses | (1.0) | (1,092.0) | 1,537.0 | 290.0 | 164.0 | (1,953.0) | (341.0) | 596.0 | (1,044.0) | (712.0) |
| Operating Expenses | 3,992.0 | 4,014.0 | 3,873.0 | 1,617.0 | 3,413.0 | 3,290.0 | 3,040.0 | 2,712.0 | 2,632.0 | 2,566.0 |
| Operating Income | ||||||||||
| Operating Income | 4,370.0 | 2,537.0 | 3,601.0 | 5,651.0 | 4,065.0 | 3,969.0 | 3,780.0 | 3,299.0 | 3,193.0 | 3,076.0 |
| Interest Expense | 621.0 | 545.0 | 506.0 | 556.0 | 593.0 | 528.0 | 562.0 | 360.0 | 301.0 | 301.0 |
| Interest Income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Profitability | ||||||||||
| EBITDA | 6,839.0 | 4,229.0 | 7,684.0 | 8,734.0 | 5,588.0 | 4,234.0 | 5,104.0 | 4,928.0 | 3,394.0 | 3,558.0 |
| EBIT | 5,469.0 | 2,891.0 | 6,342.0 | 7,495.0 | 4,321.0 | 2,969.0 | 4,304.0 | 4,453.0 | 2,982.0 | 3,076.0 |
| Income Before Tax | 5,016.0 | 2,346.0 | 5,836.0 | 8,938.0 | 3,728.0 | 2,548.0 | 3,742.0 | 3,049.0 | 2,923.0 | 2,790.0 |
| Income Tax Expense | 842.0 | 290.0 | 940.0 | 1,933.0 | 539.0 | 300.0 | 513.0 | 1,034.0 | 723.0 | 800.0 |
| Net Income | 4,174.0 | 2,056.0 | 4,896.0 | 7,005.0 | 3,189.0 | 2,248.0 | 3,229.0 | 2,015.0 | 2,200.0 | 1,990.0 |
| Per Share Data | ||||||||||
| EPS (Basic) | 28.39 | 13.57 | 31.61 | 43.70 | 19.08 | 13.28 | 18.59 | 11.55 | 12.30 | 10.51 |
| EPS (Diluted) | 28.34 | 13.53 | 31.47 | 43.54 | 19.03 | 13.22 | 18.49 | 11.47 | 12.19 | 10.39 |
| Shares Outstanding | 147.0 | 151.5 | 154.9 | 160.3 | 167.1 | 169.3 | 173.7 | 174.4 | 178.9 | 189.4 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 4,353.0 | 3,109.0 | 2,577.0 | 3,530.0 | 4,907.0 | 2,245.0 | 1,579.0 | 11,225.0 | 2,541.0 | 2,319.0 |
| Short-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Receivables | 7,180.0 | 7,147.0 | 7,494.0 | 6,959.0 | 6,641.0 | 6,660.0 | 6,474.0 | 4,519.0 | 3,299.0 | 2,841.0 |
| Inventory | 1,455.0 | 1,109.0 | 978.0 | 811.0 | 759.0 | 783.0 | 654.0 | 780.0 | 816.0 | 807.0 |
| Other Current Assets | 1,286.0 | 1,706.0 | 850.0 | 571.0 | 2,427.0 | 551.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total Current Assets | 14,274.0 | 13,706.0 | 12,488.0 | 12,426.0 | 15,344.0 | 10,685.0 | 9,680.0 | 16,349.0 | 6,856.0 | 6,334.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 12,306.0 | 11,471.0 | 10,611.0 | 9,549.0 | 8,604.0 | 8,423.0 | 6,372.0 | 4,225.0 | 3,588.0 | 3,064.0 |
| Goodwill | 17,512.0 | 17,517.0 | 17,516.0 | 17,515.0 | 17,518.0 | 18,708.0 | 18,672.0 | 12,455.0 | 12,450.0 | 12,460.0 |
| Intangible Assets | 254.0 | 305.0 | 384.0 | 578.0 | 783.0 | 1,040.0 | 1,372.0 | 52.0 | 61.0 | 77.0 |
| Long-Term Investments | 347.0 | 339.0 | 332.0 | 418.0 | 377.0 | 364.0 | 319.0 | 352.0 | 330.0 | 0.0 |
| Other Non-Current Assets | 3,253.0 | 2,186.0 | 2,262.0 | 1,893.0 | 1,532.0 | 1,361.0 | 1,144.0 | 1,061.0 | 928.0 | 1,187.0 |
| Total Non-Current Assets | 35,271.0 | 32,838.0 | 31,267.0 | 30,153.0 | 29,125.0 | 30,404.0 | 27,973.0 | 18,568.0 | 18,758.0 | 18,120.0 |
| Total Assets | 49,359.0 | 46,544.0 | 43,755.0 | 42,579.0 | 44,469.0 | 41,089.0 | 37,653.0 | 34,917.0 | 25,614.0 | 24,454.0 |
| Current Liabilities | ||||||||||
| Account Payables | 2,599.0 | 2,110.0 | 2,587.0 | 2,197.0 | 1,806.0 | 2,226.0 | 2,182.0 | 1,661.0 | 1,554.0 | 1,282.0 |
| Short-Term Debt | 1,906.0 | 370.0 | 1,072.0 | 6.0 | 742.0 | 1,865.0 | 517.0 | 867.0 | 12.0 | 110.0 |
| Deferred Revenue | 4,070.0 | 4,193.0 | 3,609.0 | 3,026.0 | 2,517.0 | 2,237.0 | 1,917.0 | 1,617.0 | 1,471.0 | 1,537.0 |
| Other Current Liabilities | 3,282.0 | 3,018.0 | 1,963.0 | 2,024.0 | 2,255.0 | 1,241.0 | 1,982.0 | 3,182.0 | 1,251.0 | 1,333.0 |
| Total Current Liabilities | 14,128.0 | 11,942.0 | 11,587.0 | 9,530.0 | 9,580.0 | 9,434.0 | 8,274.0 | 6,965.0 | 5,630.0 | 5,457.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 14,692.0 | 13,786.0 | 11,805.0 | 12,777.0 | 14,261.0 | 12,770.0 | 13,883.0 | 14,399.0 | 7,058.0 | 6,386.0 |
| Deferred Tax Liabilities | 0.0 | 0.0 | 132.0 | 490.0 | 0.0 | 0.0 | 108.0 | 1,708.0 | 2,396.0 | 0.0 |
| Other Non-Current Liabilities | 3,451.0 | 4,129.0 | 3,095.0 | 5,266.0 | 8,706.0 | 8,758.0 | 7,201.0 | 6,505.0 | 7,667.0 | 7,089.0 |
| Total Non-Current Liabilities | 19,941.0 | 19,807.0 | 16,856.0 | 20,123.0 | 24,310.0 | 22,836.0 | 21,192.0 | 20,904.0 | 14,725.0 | 13,475.0 |
| Total Liabilities | 34,069.0 | 31,749.0 | 28,443.0 | 29,653.0 | 33,890.0 | 32,270.0 | 29,466.0 | 27,869.0 | 20,355.0 | 18,932.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 145.0 | 150.0 | 153.0 | 156.0 | 167.0 | 168.0 | 171.0 | 174.0 | 175.0 | 181.0 |
| Retained Earnings | 15,297.0 | 14,773.0 | 15,312.0 | 12,913.0 | 10,482.0 | 8,748.0 | 8,068.0 | 11,548.0 | 10,630.0 | 10,661.0 |
| Accumulated Other Comprehensive Income | (152.0) | (128.0) | (153.0) | (143.0) | (128.0) | (97.0) | (52.0) | (4,718.0) | (5,546.0) | (5,320.0) |
| Total Stockholders' Equity | 15,290.0 | 14,795.0 | 15,312.0 | 12,926.0 | 10,579.0 | 8,819.0 | 8,187.0 | 7,048.0 | 5,259.0 | 5,522.0 |
| Total Liabilities & Equity | 49,359.0 | 46,544.0 | 43,755.0 | 42,579.0 | 44,469.0 | 41,089.0 | 37,653.0 | 34,917.0 | 25,614.0 | 24,454.0 |
| Debt Metrics | ||||||||||
| Total Debt | 18,396.0 | 16,048.0 | 15,000.0 | 14,657.0 | 16,609.0 | 14,078.0 | 13,883.0 | 14,399.0 | 7,058.0 | 6,416.0 |
| Net Debt | 14,043.0 | 12,939.0 | 12,423.0 | 11,127.0 | 11,702.0 | 11,833.0 | 12,304.0 | 3,174.0 | 4,517.0 | 4,097.0 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 4,174.0 | 2,056.0 | 4,896.0 | 7,005.0 | 3,189.0 | 2,248.0 | 3,229.0 | 2,015.0 | 2,200.0 | 1,990.0 |
| Depreciation & Amortization | 1,370.0 | 1,338.0 | 1,342.0 | 1,239.0 | 1,267.0 | 1,018.0 | 800.0 | 475.0 | 456.0 | 467.0 |
| Stock-Based Compensation | 101.0 | 87.0 | 99.0 | 94.0 | 90.0 | 127.0 | 86.0 | 94.0 | 93.0 | 99.0 |
| Change in Working Capital | 335.0 | (144.0) | (600.0) | 181.0 | (1,451.0) | (575.0) | (914.0) | 72.0 | 189.0 | (255.0) |
| Other Non-Cash Items | (1,010.0) | 1,526.0 | (2,515.0) | (5,555.0) | 1,000.0 | 1,988.0 | 392.0 | (646.0) | (161.0) | (711.0) |
| Operating Cash Flow | 4,388.0 | 3,875.0 | 2,901.0 | 3,567.0 | 4,305.0 | 4,297.0 | 3,827.0 | 2,613.0 | 2,813.0 | 2,162.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (1,767.0) | (1,775.0) | (1,435.0) | (1,415.0) | (1,420.0) | (1,264.0) | (1,249.0) | (928.0) | (920.0) | (471.0) |
| Acquisitions | 0.0 | 0.0 | 155.0 | 3,400.0 | 205.0 | 0.0 | (7,657.0) | 0.0 | 0.0 | 0.0 |
| Purchases of Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Sales/Maturities of Investments | 0.0 | 197.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Investing Activities | 18.0 | (4.0) | 39.0 | 73.0 | 4.0 | 57.0 | 28.0 | 39.0 | 115.0 | 40.0 |
| Investing Cash Flow | (1,749.0) | (1,582.0) | (1,241.0) | 2,058.0 | (1,211.0) | (1,207.0) | (8,878.0) | (889.0) | (805.0) | (431.0) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 2,495.0 | 945.0 | 0.0 | (2,236.0) | 1,134.0 | (729.0) | (2,398.0) | 8,232.0 | 563.0 | 600.0 |
| Stock Repurchased | (2,514.0) | (1,500.0) | (1,504.0) | (3,705.0) | (490.0) | (809.0) | (1,263.0) | (393.0) | (1,547.0) | (3,182.0) |
| Dividends Paid | (1,186.0) | (1,116.0) | (1,052.0) | (983.0) | (953.0) | (880.0) | (821.0) | (689.0) | (640.0) | (603.0) |
| Other Financing Activities | (190.0) | (90.0) | (57.0) | (78.0) | (57.0) | (6.0) | (113.0) | (190.0) | (162.0) | 96.0 |
| Financing Cash Flow | (1,395.0) | (1,761.0) | (2,613.0) | (7,002.0) | (432.0) | (2,424.0) | (4,595.0) | 6,960.0 | (1,786.0) | (3,275.0) |
| Cash Position | ||||||||||
| Net Change in Cash | 1,244.0 | 532.0 | (953.0) | (1,377.0) | 2,662.0 | 666.0 | (9,646.0) | 8,684.0 | 222.0 | (1,544.0) |
| Cash at Beginning | 3,109.0 | 2,577.0 | 3,530.0 | 4,907.0 | 2,245.0 | 1,579.0 | 11,225.0 | 2,541.0 | 2,319.0 | 3,863.0 |
| Cash at End | 4,353.0 | 3,109.0 | 2,577.0 | 3,530.0 | 4,907.0 | 2,245.0 | 1,579.0 | 11,225.0 | 2,541.0 | 2,319.0 |
| Free Cash Flow | 2,621.0 | 2,100.0 | 1,466.0 | 2,152.0 | 2,885.0 | 3,033.0 | 2,578.0 | 1,685.0 | 1,893.0 | 1,691.0 |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 41,033.0 | 39,290.0 | 36,602.0 | 35,667.0 | 36,799.0 | 33,841.0 | 30,095.0 | 25,803.0 | 24,508.0 | 23,526.0 |
| Gross Profit | 8,362.0 | 6,551.0 | 7,474.0 | 7,268.0 | 7,478.0 | 7,259.0 | 6,791.0 | 5,954.0 | 5,777.0 | 5,642.0 |
| Operating Income | 4,370.0 | 2,537.0 | 3,601.0 | 5,651.0 | 4,065.0 | 3,969.0 | 3,780.0 | 3,299.0 | 3,193.0 | 3,076.0 |
| Net Income | 4,174.0 | 2,056.0 | 4,896.0 | 7,005.0 | 3,189.0 | 2,248.0 | 3,229.0 | 2,015.0 | 2,200.0 | 1,990.0 |
| EPS (Diluted) | 28.34 | 13.53 | 31.47 | 43.54 | 19.03 | 13.22 | 18.49 | 11.47 | 12.19 | 10.39 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 4,353.0 | 3,109.0 | 2,577.0 | 3,530.0 | 4,907.0 | 2,245.0 | 1,579.0 | 11,225.0 | 2,541.0 | 2,319.0 |
| Total Assets | 49,359.0 | 46,544.0 | 43,755.0 | 42,579.0 | 44,469.0 | 41,089.0 | 37,653.0 | 34,917.0 | 25,614.0 | 24,454.0 |
| Total Debt | 18,396.0 | 16,048.0 | 15,000.0 | 14,657.0 | 16,609.0 | 14,078.0 | 13,883.0 | 14,399.0 | 7,058.0 | 6,416.0 |
| Stockholders' Equity | 15,290.0 | 14,795.0 | 15,312.0 | 12,926.0 | 10,579.0 | 8,819.0 | 8,187.0 | 7,048.0 | 5,259.0 | 5,522.0 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 4,388.0 | 3,875.0 | 2,901.0 | 3,567.0 | 4,305.0 | 4,297.0 | 3,827.0 | 2,613.0 | 2,813.0 | 2,162.0 |
| Capital Expenditure | (1,767.0) | (1,775.0) | (1,435.0) | (1,415.0) | (1,420.0) | (1,264.0) | (1,249.0) | (928.0) | (920.0) | (471.0) |
| Free Cash Flow | 2,621.0 | 2,100.0 | 1,466.0 | 2,152.0 | 2,885.0 | 3,033.0 | 2,578.0 | 1,685.0 | 1,893.0 | 1,691.0 |