Northrop Grumman (NOC) Operating Margin (2009 - 2026)
Northrop Grumman (NOC) posted quarterly Operating Margin of 10.01% for Q1 2026, up 396.0% year-over-year from 2.02% in Q1 2025, and down 7.77% on a QoQ basis from 10.85% in Q4 2025.
Northrop Grumman (NOC) Operating Margin (2009 - 2026) Analysis & Trends
Northrop Grumman (NOC) has reported Operating Margin for 18 consecutive years, with 10.01% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin rose 396.0% year-over-year to 10.01%; the TTM figure through Mar 2026 stood at 5.8% (down 111.0% YoY), while the FY2025 annual figure was 10.75%, up 10.0% from the prior year.
- Operating Margin came in at 10.01% for Q1 2026 at Northrop Grumman, down from 10.85% in the prior quarter.
- The five-year high for Operating Margin was 10.85% in Q4 2025, with the low at 1.34% in Q4 2023.
- Average Operating Margin over 5 years is 5.95%, with a median of 9.41% recorded in 2022.
- Across the five-year window, Operating Margin slumped 3006 bps in 2022 and surged 1154 bps in 2024, its largest moves.
- Year by year, Operating Margin stood at 0.66% in 2022, then sank by 304 bps to 1.34% in 2023, then soared by 858 bps to 10.19% in 2024, then advanced by 6 bps to 10.85% in 2025, then decreased by 8 bps to 10.01% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 10.01%, 10.85%, and 1.17% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Boeing | 1,106.33 Bn | 1,085.43 Bn | 2.55 Bn | 2.02% |
| 2 | Rtx | 258.51 Bn | 253.40 Bn | 9.08 Bn | 11.57% |
| 3 | General Dynamics | 174.86 Bn | 171.21 Bn | 9.09 Bn | 10.53% |
| 4 | Lockheed Martin | 119.99 Bn | 118.10 Bn | 2.08 Bn | 11.45% |
| 5 | Howmet Aerospace | 107.26 Bn | 104.82 Bn | 854.00 Mn | 32.56% |
| 6 | TransDigm | 76.18 Bn | 72.30 Bn | 1.51 Bn | 46.31% |
| 7 | Northrop Grumman | 73.88 Bn | 71.79 Bn | 3.45 Bn | 10.01% |
| 8 | Rocket Lab | 60.59 Bn | 59.31 Bn | 76.49 Mn | -27.94% |
| 9 | L3Harris Technologies | 54.60 Bn | 54.60 Bn | 1.40 Bn | 11.35% |
| 10 | Heico | 50.20 Bn | 50.07 Bn | 569.53 Mn | 25.47% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 10.01% |
| Dec 31, 2025 | 10.85% |
| Sep 30, 2025 | 1.17% |
| Jun 30, 2025 | 0.73% |
| Mar 31, 2025 | 6.05% |
| 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% |
| Jun 30, 2021 | 11.41% |