Northrop Grumman NOC
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
NOC among Industrials peers
Six ratios from the latest 10-K. Each corner is the share of 81 peers the company is above, not a score.
What changed
15 new risk paragraphs. 10-K filed Jan 27, 2026 against Jan 30, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
11 checks on the latest 10-K. Checks, not verdicts.
0facts worth reading about all 11 checks found nothing to note
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Receivables +8.1% vs revenue +2.2% (+5.9 pts)
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Cash from operations $4.8B vs net income $4.2B (FY ending Dec 31, 2025)
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Inventory -10.0% vs revenue +2.2% (-12.3 pts)
8 more checks with nothing to note
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Same auditor in both 10-Ks: Deloitte & Touche LLP
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No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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The same matters as last year: NORTHROP GRUMMAN CORPORATION
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
15 paragraphs in Risk Factors that were not in the 10-K filed Jan 30, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Jan 30, 2025 10-K, ITEM 1A
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…
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Item 1A · new paragraph · not in the 10-K filed Jan 30, 2025 10-K, ITEM 1A
In addition, high deficit levels and high debt servicing costs could drive cuts to federal spending. If the statutory debt limit is reached and not increased adequately, we could be obligated to work without receiving timely payments, and a prolonged breach could have far-reaching adverse consequences.
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Item 1A · new paragraph · not in the 10-K filed Jan 30, 2025 10-K, ITEM 1A
We operate in highly competitive markets and our competitors may have more financial capacity or more extensive or specialized engineering, technical, manufacturing, marketing or servicing capabilities. They may be willing to accept more risk or lower profitability in competing for contracts. We have seen, and anticipate we will…
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Item 1A · new paragraph · not in the 10-K filed Jan 30, 2025 10-K, ITEM 1A
Environmental impacts create short and long-term financial risks to our business globally. We have significant operations located in regions that have been, and may in the future be, exposed to significant weather events and other natural disasters. These events could damage our and our suppliers’ facilities, products, and other assets,…
New risk paragraphs, against peers
Latest 10-K of each, Industrials companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $36.6B | $39.3B | $41.0B | $42.0B |
| Net income | $4.9B | $2.1B | $4.2B | $4.2B |
| Operating cash flow | $2.9B | $3.9B | $4.4B | $4.8B |
| Free cash flow | $1.5B | $2.1B | $2.6B | $3.3B |
Revenue, FY2016 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$42.0B ▲ 2.2% in FY2025$4.2B ▲ 0.2% in FY2025$3.3B ▲ 26.2% in FY2025
Recent filings
2 filings in the last 30 days · SEC EDGAR
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8-KOct 20, 2026Quarterly results 8-K item 2.02
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10-QOct 20, 2026Quarterly report (10-Q) period ended Sep 30, 2026
About the company
Northrop Grumman, Falls Church, VA · from the 10-K filed Jan 27, 2026
Northrop Grumman Corporation (herein referred to as “Northrop Grumman,” the “company,” “we,” “us,” or “our”) is a leading global aerospace and defense technology company. We deliver a broad range of products, services and solutions to U.S. and international customers, and principally to the U.S. Department of War (“DoW”) and intelligence community. Our broad portfolio is aligned to support national security priorities and our solutions equip our customers with capabilities they need to connect, protect and advance humanity.
- Headquarters
- Falls Church, VA
- Country
- United States
- Reports in
- USD
- Listed on
- NYSE
- Fiscal year ends
- December 31
- Last results
- Oct 20, 2026
Employees, at the top of the page: "Our differentiated culture and workforce was a factor in our ability to hire approximately 7,500 new employees in 2025, and as of December 31, 2025, we have approximately 95,000 employees" (10-K). Address and exchange: SEC's company file.
Email alerts
Sources
The 10-K filed Jan 27, 2026 (open at SEC), compared with the 10-K filed Jan 30, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
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