Growth Metrics

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

Northrop Grumman's quarterly Operating Expenses came in at $8.9 billion in Q1 2026, little changed year-on-year from $8.9 billion in Q1 2025, and down 14.84% quarter-over-quarter from $10.4 billion in Q4 2025.

Northrop Grumman has reported Operating Expenses for 18 years, with the latest figure at $8.9 billion in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses changed 0.03% year-over-year to $8.9 billion; the trailing twelve-month figure through Mar 2026 stood at $37.7 billion (up 3.22% YoY), and the FY2025 full-year result was $37.7 billion, up 2.76% from the prior year.
  • Operating Expenses for Q1 2026 stood at $8.9 billion, down from $10.4 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 $8.9 billion recorded in 2025.
  • Year-over-year, Operating Expenses advanced 20.86% in 2023 and decreased 13.0% in 2024.
  • Tracing NOC's Operating Expenses over 5 years: 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 fell by 14.84% to $8.9 billion in 2026.
  • The last three Operating Expenses figures came in at $8.9 billion (Q1 2026), $10.4 billion (Q4 2025), and $9.2 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 General Electric 338.65 Bn 327.91 Bn 9.11 Bn 10.18 Bn
2 Rtx 242.18 Bn 237.08 Bn 9.08 Bn 19.59 Bn
3 Boeing 182.15 Bn 161.24 Bn 2.55 Bn 2.10 Bn
4 Lockheed Martin 121.95 Bn 120.06 Bn 2.08 Bn -
5 Howmet Aerospace 103.56 Bn 101.12 Bn 854.00 Mn 120.00 Mn
6 General Dynamics 93.70 Bn 90.05 Bn 9.09 Bn 12.06 Bn
7 Embraer 89.60 Bn 86.98 Bn - -
8 Rocket Lab 86.87 Bn 85.59 Bn 76.49 Mn 132.46 Mn
9 Northrop Grumman 80.10 Bn 78.01 Bn 3.45 Bn 8.89 Bn
10 TransDigm 73.23 Bn 69.36 Bn 1.51 Bn 273.00 Mn

Historic Data

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DateValue
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
Jun 30, 2021 8.11 Bn
Mar 31, 2021 8.32 Bn
Dec 31, 2020 9.06 Bn
Sep 30, 2020 8.10 Bn
Jun 30, 2020 7.89 Bn
Mar 31, 2020 7.69 Bn
Dec 31, 2019 970.00 Mn
Sep 30, 2019 776.00 Mn
Jun 30, 2019 784.00 Mn
Mar 31, 2019 760.00 Mn
Dec 31, 2018 744.00 Mn
Sep 30, 2018 817.00 Mn
Jun 30, 2018 739.00 Mn
Mar 31, 2018 711.00 Mn
Dec 31, 2017 649.00 Mn
Sep 30, 2017 679.00 Mn
Jun 30, 2017 686.00 Mn
Mar 31, 2017 698.00 Mn
Dec 31, 2016 694.00 Mn
Sep 30, 2016 662.00 Mn
Jun 30, 2016 620.00 Mn
Mar 31, 2016 656.00 Mn
Dec 31, 2015 627.00 Mn
Sep 30, 2015 663.00 Mn
Jun 30, 2015 641.00 Mn
Mar 31, 2015 635.00 Mn
Dec 31, 2014 693.00 Mn
Sep 30, 2014 580.00 Mn
Jun 30, 2014 590.00 Mn
Mar 31, 2014 542.00 Mn
Dec 31, 2013 561.00 Mn
Sep 30, 2013 555.00 Mn
Jun 30, 2013 582.00 Mn
Mar 31, 2013 558.00 Mn
Dec 31, 2012 737.00 Mn
Sep 30, 2012 572.00 Mn
Jun 30, 2012 580.00 Mn
Mar 31, 2012 561.00 Mn
Dec 31, 2011 637.00 Mn
Sep 30, 2011 589.00 Mn
Jun 30, 2011 556.00 Mn
Mar 31, 2011 568.00 Mn
Dec 31, 2010 648.00 Mn
Sep 30, 2010 574.00 Mn
Jun 30, 2010 621.00 Mn
Mar 31, 2010 624.00 Mn
Dec 31, 2009 368.00 Mn
Sep 30, 2009 744.00 Mn
Jun 30, 2009 741.00 Mn
Mar 31, 2009 718.00 Mn