Northrop Grumman Corp. income statement & cash flow
In the fiscal year ended Dec 31, 2025, Northrop Grumman Corp. reported net income of $4.18B on revenue of $41.95B. Operating cash flow was $4.76B and capital expenditures were $1.45B, leaving $3.31B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.71B | $26.00B | $30.09B | $33.84B | $36.80B | $35.67B | $36.60B | $39.29B | $41.03B | $41.95B |
| Operating income | $3.28B | $3.22B | $3.78B | $3.97B | $4.07B | $5.65B | $3.60B | $2.54B | $4.37B | $4.51B |
| Net income | $2.04B | $2.87B | $3.23B | $2.25B | $3.19B | $7.00B | $4.90B | $2.06B | $4.17B | $4.18B |
| Diluted EPS | $11.32 | $16.34 | $18.49 | $13.22 | $19.03 | $43.54 | $31.47 | $13.53 | $28.34 | $29.08 |
| Operating cash flow | $2.81B | $2.61B | $3.83B | $4.30B | $4.30B | $3.57B | $2.90B | $3.88B | $4.39B | $4.76B |
| Capital expenditures | $920.00M | $928.00M | $1.25B | $1.26B | $1.42B | $1.42B | $1.44B | $1.77B | $1.77B | $1.45B |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | — | 10.8% | 10.0% |
| Dec 2024 | — | 10.6% | 10.2% |
| Dec 2023 | — | 6.5% | 5.2% |
| Dec 2022 | — | 9.8% | 13.4% |
| Dec 2021 | — | 15.8% | 19.6% |
Source: SEC EDGAR XBRL company facts for CIK 1133421 (raw data). Most recent filing in this dataset: 10-Q filed Oct 20, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.