Northrop Grumman (NOC) Operating Margin (2009 - 2026)
Northrop Grumman's (NOC) quarterly Operating Margin came in at 10.08% in Q2 2026, down 369.0% year-on-year from 3.75% in Q2 2025, and up 734.22% quarter-over-quarter from 1.59% in Q1 2026.
Northrop Grumman (NOC) Operating Margin (2009 - 2026) Analysis & Trends
Northrop Grumman's Operating Margin history runs 18 years deep, the most recent figure standing at 10.08% for Q2 2026.
- On a quarterly basis, Operating Margin fell 369.0% year-over-year to 10.08% in Q2 2026; TTM through Jun 2026 was 5.31%, a 43.0% decrease from a year earlier, with the FY2025 full-year figure at 10.75%, up 10.0% from the prior year.
- Operating Margin grew to 10.08% in Q2 2026 per NOC's latest filing, from 1.59% in the prior quarter.
- Across five years, Operating Margin topped out at 13.77% in Q2 2025 and bottomed at 2.39% in Q1 2025.
- The 5-year median for Operating Margin is 9.74% (2022), against an average of 5.76%.
- Across the five-year window, Operating Margin sank 3006 bps in 2022 and jumped 1154 bps in 2024, its largest moves.
- Year by year, Operating Margin stood at 0.66% in 2022, then slumped by 304 bps to 1.34% in 2023, then soared by 858 bps to 10.19% in 2024, then increased by 6 bps to 10.85% in 2025, then slipped by 7 bps to 10.08% in 2026.
- Per Business Quant, the three latest NOC Operating Margin figures stand at 10.08% (Q2 2026), 1.59% (Q1 2026), and 10.85% (Q4 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 368.87 Bn | 359.52 Bn | -3.10 Bn | -1,952.73% |
| 2 | Rtx | 286.73 Bn | 278.42 Bn | 9.91 Bn | 11.38% |
| 3 | Boeing | 169.21 Bn | 149.19 Bn | 2.41 Bn | 0.64% |
| 4 | Lockheed Martin | 131.65 Bn | 127.86 Bn | 2.45 Bn | 12.36% |
| 5 | Howmet Aerospace | 111.58 Bn | 109.15 Bn | 854.00 Mn | 32.56% |
| 6 | General Dynamics | 102.31 Bn | 97.98 Bn | 6.76 Bn | 10.36% |
| 7 | Northrop Grumman | 75.66 Bn | 73.35 Bn | 3.72 Bn | 10.08% |
| 8 | TransDigm | 72.31 Bn | 68.42 Bn | 1.51 Bn | 46.31% |
| 9 | L3Harris Technologies | 50.64 Bn | 50.05 Bn | 1.40 Bn | 11.35% |
| 10 | Heico | 49.30 Bn | 49.09 Bn | 569.53 Mn | 25.47% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 10.08% |
| Mar 31, 2026 | -1.59% |
| Dec 31, 2025 | 10.85% |
| Sep 30, 2025 | 0.65% |
| Jun 30, 2025 | 13.77% |
| Mar 31, 2025 | -2.39% |
| Dec 31, 2024 | 10.19% |
| Sep 30, 2024 | 0.39% |
| Jun 30, 2024 | 10.67% |
| Mar 31, 2024 | 10.57% |
| Dec 31, 2023 | -1.34% |
| Sep 30, 2023 | 10.39% |
| Jun 30, 2023 | -0.38% |
| Mar 31, 2023 | 10.18% |
| Dec 31, 2022 | 0.66% |
| Sep 30, 2022 | 9.41% |
| Jun 30, 2022 | 10.84% |
| Mar 31, 2022 | 0.76% |
| Dec 31, 2021 | -1.08% |
| Sep 30, 2021 | 11.96% |