NOCNorthrop Grumman

Industrials · Defense Electronics · NYSE

Northrop Grumman Corporation (herein referred to as “Northrop Grumman,” the “company,” “we,” “us,” or “our”) is a leading global aerospace and defense technology company. 10-K, Item 1

Employees: 95,000
Headquarters: Falls Church, VA
Next results: around Jan 26, 2027

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Key numbers

Latest fiscal year, with ten years behind each

RevenueFY2016–25 $42.0B+2.2% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $4.2B+0.2% FY2024: $4.2B 10-K FY2025 · XBRL Free cash flowFY2016–25 $3.3B+26.2% Highest in 10 years 10-K FY2025 · XBRL Operating marginFY2016–25 10.8%+0.1 pts 13.3% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Jan 27, 2026 against Jan 30, 2025

Area	What changed	Source
Risk factors	15 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Accounting checks	11 other checks clear	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	2 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Jan 27, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-01-30. Quoted as filed.

The U.S. government can also introduce new contract terms that could impact and/or restrict our capital deployment strategy under certain circumstances related to contractor underperformance, noncompliance, insufficient prioritization of a particular contract, insufficient investment or insufficient production speed. If our contracts…
10-K, Item 1A

All 15 new paragraphs →

Accounting checks

latest 10-K

11 of 11 clear 0 worth a look. Checks, not verdicts.

✓
Receivables +8.1% vs revenue +2.2% (+5.9 pts)
✓
Cash from operations $4.8B vs net income $4.2B (FY ending 2025-12-31)
✓
Inventory -10.0% vs revenue +2.2% (-12.3 pts)
✓
Same auditor in both 10-Ks: Deloitte & Touche LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: NORTHROP GRUMMAN CORPORATION
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Oct 20, 20268-K Quarterly results 8-K item 2.02
Oct 20, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026

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