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 | 120.87 Bn | 117.07 Bn | 2.45 Bn | - |
| 2 | General Dynamics | 95.39 Bn | 91.06 Bn | 6.76 Bn | 12.63 Bn |
| 3 | Motorola Solutions | 76.32 Bn | 75.61 Bn | 1.68 Bn | 756.00 Mn |
| 4 | Northrop Grumman | 73.49 Bn | 71.18 Bn | 3.72 Bn | 9.78 Bn |
| 5 | L3Harris Technologies | 46.76 Bn | 45.24 Bn | 1.50 Bn | 848.00 Mn |
| 6 | Elbit Systems | 32.70 Bn | 31.74 Bn | 579.01 Mn | 360.21 Mn |
| 7 | Teledyne Technologies | 27.56 Bn | 27.22 Bn | 738.10 Mn | 1.33 Bn |
| 8 | Curtiss Wright | 20.85 Bn | 20.37 Bn | 364.09 Mn | 139.39 Mn |
| 9 | Leidos Holdings | 16.21 Bn | 15.46 Bn | 817.00 Mn | 310.00 Mn |
| 10 | Caci International | 13.42 Bn | 13.22 Bn | 913.55 Mn | 2.44 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |