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| Date | Value |
|---|---|
| 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 |