Company Dossier · Industrials
Northrop Grumman
- S&P 500
- Russell 1000
What Northrop Grumman is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.
Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →
The latest read
Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.
- Revenue over the four quarters to September 30, 2026: $43.6 billion, up 6.5% from a year earlier.SEC EDGAR filings (XBRL)
- Free cash flow (operating cash flow minus capital expenditure) over the four quarters to September 30, 2026: $3.83 billion, up 109% from a year earlier.SEC EDGAR filings (XBRL)
- Capital expenditure over the four quarters to September 30, 2026: $1.44 billion, down 10% from a year earlier.SEC EDGAR filings (XBRL)
- Share buybacks in the fiscal year to December 31, 2025: $1.62 billion.SEC EDGAR filings (10-K)
- Long-term debt issued in the fiscal year to December 31, 2025: $1.00 billion.SEC EDGAR filings (10-K)
- Latest earnings call or results release (October 20, 2026): sentiment 0.75 on a −1 to +1 scale (confident, opportunity-framed), confidence 0.72 of 1.Palanor Discourse
- Guidance in the last 90 days: 3 outlook figures raised, 0 lowered, 3 held.Guidance Ledger (8-K results releases)
- Latest annual report (filed January 27, 2026): 0 risk factors added, 0 removed.Risk Factor Changes (10-K Item 1A)
- Insiders were net sellers in Q3 2026: $0.1 million on the open market.SEC Form 4
- 1,821 institutional managers reported a position at June 30, 2026 (−75 on the quarter before).SEC Form 13F
- Headlines in the last 30 days: 6, of which 0 read positive and 1 negative.Palanor headline tone
Risk events (12 months): 2 — latest OSHA inspection, Mar 30, 2026 →
Company Posture
How Company Posture is measured →What Northrop Grumman is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.
Retrenching · Mixed
Expanding ↔ Retrenching
Retrenching
- Capital spending22nd pct
- Debt raised—
- Buybacks vs capex90th pct
- Hiring filings46th pct
- Deals and private raises48th pct
- Patent publications17th pct
Confident ↔ Hedging
Mixed
- Call sentiment83rd pct
- Call confidence32nd pct
- Guidance changes70th pct
- Risk factors added63rd pct
- Insider open-market trades44th pct
- + Call sentiment
- + Guidance changes
- − Call confidence
Pressure
Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).
- Fails-to-deliver79th pct
- Stress filings50th pct
Credit
How these are built →Northrop Grumman's borrowing from its SEC filings: the bonds it priced and the debt on its latest balance sheet. A description, not a rating.
Debt on the balance sheet
$15.2B
- Due within a year $0.8B
- Longer term $14.4B
- Default point $8.0B (short + ½ long)
Finance leases included · Sep 30, 2026 filing
Bonds priced, last 12 months
None
U.S. dollar tranches with a term sheet on EDGAR. Deals sold under Rule 144A file none and are not counted.
| Priced | Amount | Coupon | Matures | Spread | Yield |
|---|---|---|---|---|---|
| May 27, 2025 | $500M | 4.650% | 2030 (5y) | +63bp | 4.654% |
| May 27, 2025 | $500M | 5.250% | 2035 (10y) | +85bp | 5.284% |
| Jan 29, 2024 | $500M | 4.600% | 2029 (5y) | +65bp | 4.622% |
| Jan 29, 2024 | $850M | 4.900% | 2034 (10y) | +85bp | 4.911% |
| Jan 29, 2024 | $1.15B | 5.200% | 2054 (30y) | +90bp | 5.226% |
From the pricing term sheets Northrop Grumman filed with the SEC. Spread is to the benchmark Treasury (or Bund, Gilt) at pricing.
Charts
Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.
Cash flow
Capital returned and raised
What the company says
Hiring and ownership
News
Northrop Grumman: headline tone
Net share of positive headlines, trailing 28 days, −1 to +1
In the news
Headlines that name Northrop Grumman, with the publisher and a link. The tone is read from each headline’s own words, never from a summary of the article.
- NeutralNorthrop Grumman breaks out the big guns at AUSA
Defense News · Oct 14, 2026
- NeutralNorthrop Grumman’s YFQ-48A CCA completes first fully autonomous flight
Defense News · Oct 6, 2026
- NegativeNorthrop Grumman (NOC) Shares Slip After RBC Downgrade Amid Dividend Sustainability Focus
gurufocus.com · via Marketaux · Oct 2, 2026
- NeutralETFs Are Net Sellers of Northrop Grumman (NOC) on Wednesday
gurufocus.com · via Marketaux · Oct 2, 2026
- NeutralIs Northrop Grumman Corp (NOC) a Bargain After 4.2% Drop? GF Value Says Undervalued
gurufocus.com · via Marketaux · Sep 30, 2026
- NeutralBoeing Just Beat Northrop Grumman for a $20 Billion Navy Contract
gurufocus.com · via Marketaux · Sep 30, 2026
Filings and records
The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.
- Oct 20, 2026LobbyingLobbying report (POTOMAC CAPITOL ASSOCIATES, INC.)third_quarter 2026 · $0.0 million
- Oct 20, 2026LobbyingLobbying report (THE ARTEMIS GROUP, LLC (OKLAHOMA))third_quarter 2026 · $0.0 million
- Oct 20, 2026LobbyingLobbying report (THE ARTEMIS GROUP, LLC (OKLAHOMA))third_quarter 2026
- Oct 20, 2026LobbyingLobbying report (ETHERTON AND ASSOCIATES, INC.)third_quarter 2026 · $0.0 million
- Oct 20, 2026LobbyingLobbying report (THE DUBERSTEIN GROUP INC.)third_quarter 2026 · $0.1 million
- Oct 20, 2026LobbyingLobbying report (NORTHROP GRUMMAN CORPORATION)third_quarter 2026 · $2.2 million
- Oct 20, 2026Patent
- Oct 20, 2026Patent
- Oct 20, 2026Patent
- Oct 20, 2026Patent
- Oct 19, 2026LobbyingLobbying report (CASSIDY & ASSOCIATES, INC.)third_quarter 2026 · $0.1 million
- Oct 19, 2026LobbyingLobbying report (535 GROUP, LLC)third_quarter 2026 · $0.0 million
- Oct 13, 2026Patent
- Aug 21, 20268-KDirector or officer changeItem 5.02
- Jul 31, 2026Federal awardFederal award from Department of Defense$11.2 million
- Jul 1, 2026Federal awardFederal award from Department of Defense$127 million
- Jul 1, 2026Federal awardFederal award from Department of Defense$20.9 million
- Jun 30, 2026Federal awardFederal award from Department of Defense$10.0 million
- Jun 24, 2026Federal awardFederal award from Department of Defense$83.6 million
- Jun 23, 2026Federal awardFederal award from Department of Defense$23.4 million
- Jun 11, 2026Federal awardFederal award from Department of Defense$10.6 million
- Jun 10, 2026Federal awardFederal award from Department of Defense$63.4 million
- May 21, 20268-KShareholder vote resultsItem 5.07
- Mar 30, 2026Risk event
- Mar 20, 2026Risk event
- Feb 13, 20268-KDirector or officer changeItem 5.02
- Jan 27, 202610-KAnnual report (10-K)0 risk factors added, 0 removed
- Nov 6, 20258-KDirector or officer changeItem 5.02
- Oct 22, 2025Risk event
- Sep 22, 2025Risk event
- Sep 2, 20258-KMaterial agreement signedItem 1.01
- Jul 23, 2025Risk event
- Jul 9, 2025Risk event
- May 29, 20258-KMaterial agreement signedItem 1.01
- May 23, 20258-KShareholder vote resultsItem 5.07
- Apr 24, 2025Risk event
- Feb 19, 20258-KDirector or officer changeItem 5.02
- Jan 30, 202510-KAnnual report (10-K)0 risk factors added, 1 removed
- Nov 22, 2024Risk event
- Jan 25, 202410-KAnnual report (10-K)0 risk factors added, 2 removed
Peers
Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.
| Company | Revenue | Free cash flow | Through |
|---|---|---|---|
| General Dynamics GD | $53.8B | $6.2B | Apr 5, 2026 |
| Lockheed Martin LMT | $77.0B | $8.7B | Jun 28, 2026 |
| L3Harris LHX | $21.7B | $2.8B | Jul 3, 2026 |
| Boeing Co. BA | $94.0B | −$0.2B | Jun 30, 2026 |
| RTX Corp. RTX | $96.0B | $9.5B | Sep 30, 2026 |
| Textron TXT | $15.3B | $0.8B | Jul 4, 2026 |
| Huntington Ingalls Industries HII | $13.2B | −$0.1B | Jun 30, 2026 |
| TransDigm Group TDG | $10.0B | $1.9B | Jun 27, 2026 |