Northrop Grumman NOC
NYSE NOC
$515.66 -2.92 (-0.56%)
As of: Sep 9, 2026 · 3:59 PM EDT

Northrop Grumman (NOC) Operating Expenses (2009 - 2026)

Northrop Grumman (NOC) posted Operating Expenses of $9.8 billion for Q2 2026, up 9.99% on a QoQ basis from $8.9 billion in Q1 2026, and up 6.8% year-over-year from $9.2 billion in Q2 2025.

Analysis

Northrop Grumman (NOC) Operating Expenses (2009 - 2026) Analysis & Trends

Northrop Grumman has reported Operating Expenses for 18 years, with the latest figure at $9.8 billion in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 6.8% year-over-year to $9.8 billion in Q2 2026; TTM through Jun 2026 was $38.3 billion, a 4.84% increase from a year earlier, with the FY2025 full-year figure at $37.7 billion, up 2.76% from the prior year.
  • Operating Expenses was $9.8 billion for Q2 2026 at Northrop Grumman, up from $8.9 billion in the prior quarter.
  • The five-year high for Operating Expenses was $11.0 billion in Q4 2023, with the low at $7.8 billion in Q2 2022.
  • Average Operating Expenses over 5 years is $9.0 billion, with a median of $9.0 billion recorded in 2024.
  • The sharpest annual moves came in 2023 and 2024: Operating Expenses gained 20.86% in 2023, then retreated 13.0% in 2024.
  • Over 5 years, Operating Expenses stood at $9.1 billion in 2022, then increased by 20.86% to $11.0 billion in 2023, then declined by 13.0% to $9.6 billion in 2024, then gained by 8.79% to $10.4 billion in 2025, then dropped by 6.33% to $9.8 billion in 2026.
  • The last three Operating Expenses figures came in at $9.8 billion (Q2 2026), $8.9 billion (Q1 2026), and $10.4 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Lockheed Martin 121.20 Bn 117.41 Bn 2.45 Bn -
2 General Dynamics 97.24 Bn 92.90 Bn 6.76 Bn 12.63 Bn
3 Motorola Solutions 77.45 Bn 76.75 Bn 1.68 Bn 756.00 Mn
4 Northrop Grumman 73.15 Bn 70.84 Bn 3.72 Bn 9.78 Bn
5 L3Harris Technologies 47.76 Bn 47.20 Bn 1.50 Bn 848.00 Mn
6 Elbit Systems 32.88 Bn 31.92 Bn 579.01 Mn 360.21 Mn
7 Teledyne Technologies 28.32 Bn 27.98 Bn 738.10 Mn 1.33 Bn
8 Curtiss Wright 20.93 Bn 20.46 Bn 364.09 Mn 139.39 Mn
9 Leidos Holdings 16.70 Bn 16.01 Bn 817.00 Mn 310.00 Mn
10 Caci International 13.78 Bn 13.58 Bn 913.55 Mn 2.44 Bn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 9.78 Bn
Mar 31, 2026 8.89 Bn
Dec 31, 2025 10.44 Bn
Sep 30, 2025 9.18 Bn
Jun 30, 2025 9.16 Bn
Mar 31, 2025 8.90 Bn
Dec 31, 2024 9.60 Bn
Sep 30, 2024 8.88 Bn
Jun 30, 2024 9.13 Bn
Mar 31, 2024 9.06 Bn
Dec 31, 2023 11.03 Bn
Sep 30, 2023 8.76 Bn
Jun 30, 2023 8.61 Bn
Mar 31, 2023 8.35 Bn
Dec 31, 2022 9.13 Bn
Sep 30, 2022 8.13 Bn
Jun 30, 2022 7.85 Bn
Mar 31, 2022 7.90 Bn
Dec 31, 2021 7.90 Bn
Sep 30, 2021 7.68 Bn