Northrop Grumman (NOC) Debt Ratio (2009 - 2026)

Northrop Grumman's (NOC) quarterly Debt Ratio came in at 0.28 in Q2 2026, down 7.29% year-on-year from 0.31 in Q2 2025, and down 1.37% quarter-over-quarter from 0.29 in Q1 2026.

Northrop Grumman (NOC) Debt Ratio (2009 - 2026) Analysis & Trends

Northrop Grumman's Debt Ratio history runs 18 years deep, the most recent figure standing at 0.28 for Q2 2026.

  • On a quarterly basis, Debt Ratio fell 7.29% year-over-year to 0.28 in Q2 2026; TTM through Jun 2026 was 0.28, a 7.29% decrease from a year earlier, with the FY2025 full-year figure at 0.3, down 0.85% from the prior year.
  • Debt Ratio slipped to 0.28 in Q2 2026 per NOC's latest filing, from 0.29 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.31 in Q1 2023 and bottomed at 0.27 in Q4 2022.
  • The 5-year median for Debt Ratio is 0.3 (2023), against an average of 0.3.
  • Across the five-year window, Debt Ratio fell 10.09% in 2022 and grew 11.23% in 2023, its largest moves.
  • Year by year, Debt Ratio stood at 0.27 in 2022, then rose by 9.78% to 0.3 in 2023, then gained by 0.49% to 0.3 in 2024, then fell by 0.85% to 0.3 in 2025, then fell by 3.69% to 0.28 in 2026.
  • Per Business Quant, the three latest NOC Debt Ratio figures stand at 0.28 (Q2 2026), 0.29 (Q1 2026), and 0.3 (Q4 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 General Electric 373.55 Bn 364.20 Bn -3.10 Bn 0.15
2 Rtx 288.17 Bn 279.87 Bn 9.91 Bn 0.21
3 Boeing 167.58 Bn 147.56 Bn 2.41 Bn 0.30
4 Lockheed Martin 132.01 Bn 128.22 Bn 2.45 Bn 0.33
5 Howmet Aerospace 113.06 Bn 110.62 Bn 854.00 Mn 0.32
6 General Dynamics 102.38 Bn 98.05 Bn 6.76 Bn 0.12
7 Northrop Grumman 75.82 Bn 73.51 Bn 3.72 Bn 0.28
8 TransDigm 72.83 Bn 68.95 Bn 1.51 Bn 1.23
9 L3Harris Technologies 50.90 Bn 50.31 Bn 1.40 Bn 0.27
10 Heico 49.64 Bn 49.43 Bn 569.53 Mn 0.27

Historic Data

Download Data
DateValue
Jun 30, 2026 0.28
Mar 31, 2026 0.29
Dec 31, 2025 0.30
Sep 30, 2025 0.31
Jun 30, 2025 0.31
Mar 31, 2025 0.29
Dec 31, 2024 0.30
Sep 30, 2024 0.30
Jun 30, 2024 0.31
Mar 31, 2024 0.31
Dec 31, 2023 0.30
Sep 30, 2023 0.31
Jun 30, 2023 0.30
Mar 31, 2023 0.31
Dec 31, 2022 0.27
Sep 30, 2022 0.28
Jun 30, 2022 0.31
Mar 31, 2022 0.31
Dec 31, 2021 0.30
Sep 30, 2021 0.30