Northrop Grumman (NOC) Tax Rate (2009 - 2026)
Northrop Grumman's (NOC) quarterly Tax Rate came in at 6.34% in Q2 2026, down 1139.0% year-on-year from 0.61% in Q2 2025, and down 57.9% quarter-over-quarter from 15.05% in Q1 2026.
Northrop Grumman (NOC) Tax Rate (2009 - 2026) Analysis & Trends
Northrop Grumman's Tax Rate history runs 18 years deep, the most recent figure standing at 6.34% for Q2 2026.
- On a quarterly basis, Tax Rate fell 1139.0% year-over-year to 6.34% in Q2 2026; TTM through Jun 2026 was 14.54%, a 230.0% decrease from a year earlier, with the FY2025 full-year figure at 17.48%, up 70.0% from the prior year.
- Tax Rate slipped to 6.34% in Q2 2026 per NOC's latest filing, from 15.05% in the prior quarter.
- Across five years, Tax Rate topped out at 29.33% in Q4 2023 and bottomed at 6.34% in Q2 2026.
- The 5-year median for Tax Rate is 16.66% (2024), against an average of 16.76%.
- Across the five-year window, Tax Rate soared 1415 bps in 2023 and tumbled 1139 bps in 2026, its largest moves.
- Year by year, Tax Rate stood at 15.17% in 2022, then surged by 93 bps to 29.33% in 2023, then slumped by 37 bps to 18.5% in 2024, then slipped by 3 bps to 17.99% in 2025, then slumped by 65 bps to 6.34% in 2026.
- Per Business Quant, the three latest NOC Tax Rate figures stand at 6.34% (Q2 2026), 15.05% (Q1 2026), and 17.99% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 370.01 Bn | 360.67 Bn | -3.10 Bn | 14.53% |
| 2 | Rtx | 289.51 Bn | 281.20 Bn | 9.91 Bn | 17.98% |
| 3 | Boeing | 175.23 Bn | 155.21 Bn | 2.41 Bn | -17.26% |
| 4 | Lockheed Martin | 131.81 Bn | 128.02 Bn | 2.45 Bn | 15.70% |
| 5 | Howmet Aerospace | 111.46 Bn | 109.03 Bn | 854.00 Mn | 18.08% |
| 6 | General Dynamics | 103.47 Bn | 99.14 Bn | 6.76 Bn | 17.56% |
| 7 | Northrop Grumman | 75.90 Bn | 73.59 Bn | 3.72 Bn | 6.34% |
| 8 | TransDigm | 72.86 Bn | 68.97 Bn | 1.51 Bn | 23.43% |
| 9 | L3Harris Technologies | 50.70 Bn | 50.11 Bn | 1.40 Bn | 13.07% |
| 10 | Embraer | 49.85 Bn | 47.89 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 6.34% |
| Jun 30, 2026 | 6.34% |
| Jun 30, 2026 | 6.34% |
| Mar 31, 2026 | 15.05% |
| Mar 31, 2026 | 15.05% |
| Mar 31, 2026 | 15.05% |
| Dec 31, 2025 | 17.99% |
| Dec 31, 2025 | 17.99% |
| Dec 31, 2025 | 17.99% |
| Sep 30, 2025 | 16.86% |
| Sep 30, 2025 | 16.86% |
| Sep 30, 2025 | 16.86% |
| Jun 30, 2025 | 17.73% |
| Jun 30, 2025 | 17.73% |
| Jun 30, 2025 | 17.73% |
| Mar 31, 2025 | 16.78% |
| Mar 31, 2025 | 16.78% |
| Mar 31, 2025 | 16.78% |
| Dec 31, 2024 | 18.50% |
| Dec 31, 2024 | 18.50% |