Northrop Grumman (NOC) Cost of Revenue (2009 - 2026)
Northrop Grumman (NOC) posted Cost of Revenue of $7.2 billion for Q2 2026, up 11.22% on a QoQ basis from $6.4 billion in Q1 2026, and up 9.64% year-over-year from $6.5 billion in Q2 2025.
Analysis
Northrop Grumman (NOC) Cost of Revenue (2009 - 2026) Analysis & Trends
Northrop Grumman has reported Cost of Revenue for 18 years, with the latest figure at $7.2 billion in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 9.64% year-over-year to $7.2 billion in Q2 2026; TTM through Jun 2026 was $28.0 billion, a 6.45% increase from a year earlier, with the FY2025 full-year figure at $27.3 billion, up 4.17% from the prior year.
- Cost of Revenue was $7.2 billion for Q2 2026 at Northrop Grumman, up from $6.4 billion in the prior quarter.
- The five-year high for Cost of Revenue was $8.5 billion in Q4 2023, with the low at $5.3 billion in Q2 2022.
- Average Cost of Revenue over 5 years is $6.4 billion, with a median of $6.4 billion recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Cost of Revenue surged 30.36% in 2023, then decreased 16.25% in 2024.
- Over 5 years, Cost of Revenue stood at $6.5 billion in 2022, then surged by 30.36% to $8.5 billion in 2023, then fell by 16.25% to $7.1 billion in 2024, then climbed by 9.12% to $7.8 billion in 2025, then dropped by 7.76% to $7.2 billion in 2026.
- The last three Cost of Revenue figures came in at $7.2 billion (Q2 2026), $6.4 billion (Q1 2026), and $7.8 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Lockheed Martin | 120.92 Bn | 117.12 Bn | 2.45 Bn | 17.62 Bn |
| 2 | General Dynamics | 96.29 Bn | 91.96 Bn | 6.76 Bn | 7.34 Bn |
| 3 | Motorola Solutions | 77.13 Bn | 76.43 Bn | 1.68 Bn | 1.46 Bn |
| 4 | Northrop Grumman | 73.72 Bn | 71.42 Bn | 3.72 Bn | 7.16 Bn |
| 5 | L3Harris Technologies | 45.72 Bn | 45.17 Bn | 1.50 Bn | 4.38 Bn |
| 6 | Elbit Systems | 33.81 Bn | 32.85 Bn | 579.01 Mn | 1.71 Bn |
| 7 | Teledyne Technologies | 27.98 Bn | 27.64 Bn | 738.10 Mn | 924.40 Mn |
| 8 | Curtiss Wright | 20.63 Bn | 20.15 Bn | 364.09 Mn | 559.92 Mn |
| 9 | Leidos Holdings | 16.17 Bn | 15.47 Bn | 817.00 Mn | 3.74 Bn |
| 10 | Caci International | 13.72 Bn | 13.53 Bn | 913.55 Mn | 1.80 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.16 Bn |
| Mar 31, 2026 | 6.43 Bn |
| Dec 31, 2025 | 7.76 Bn |
| Sep 30, 2025 | 6.63 Bn |
| Jun 30, 2025 | 6.53 Bn |
| Mar 31, 2025 | 6.37 Bn |
| Dec 31, 2024 | 7.11 Bn |
| Sep 30, 2024 | 6.28 Bn |
| Jun 30, 2024 | 6.39 Bn |
| Mar 31, 2024 | 6.41 Bn |
| Dec 31, 2023 | 8.49 Bn |
| Sep 30, 2023 | 6.14 Bn |
| Jun 30, 2023 | 5.88 Bn |
| Mar 31, 2023 | 5.73 Bn |
| Dec 31, 2022 | 6.51 Bn |
| Sep 30, 2022 | 5.59 Bn |
| Jun 30, 2022 | 5.28 Bn |
| Mar 31, 2022 | 5.38 Bn |
| Dec 31, 2021 | 5.65 Bn |
| Sep 30, 2021 | 5.35 Bn |