Northrop Grumman (NOC) Tax Rate (2009 - 2026)
Northrop Grumman (NOC) reported Tax Rate of 6.34% for Q2 2026, down 11.39 percentage points from 17.73% a year earlier and down 8.71 percentage points from the prior quarter.
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Analysis
Northrop Grumman (NOC) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Northrop Grumman's Tax Rate came in at 14.54%, down 2.30 percentage points year-over-year; for FY2025, it came in at 17.48%, up 0.70 percentage points from FY2024.
- Tax Rate has a five-year change of +3.02 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 16.79% in FY2024 (+4.42 pp), 12.36% in FY2023 (-3.75 pp), 16.11% in FY2022 (-5.52 pp) and 21.63% in FY2021 (+7.17 pp).
- The Q2 2026 figure ranks as the lowest quarterly Tax Rate since Q4 2020.
- Year over year, Tax Rate has now declined in each of the last three quarters, with an average year-over-year change of -2.97 percentage points over the last eight quarters.
- The high point for year-over-year Tax Rate in five years was Q4 2021 (a gain of 27.18 percentage points); the low point was Q2 2026 (a drop of 11.39 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 15.05% (Q1 2026), 17.99% (Q4 2025) and 16.86% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 324.09 Bn | 278.09 Bn | 4.68 Bn | 14.53% |
| 2 | Rtx | 250.22 Bn | 223.44 Bn | 5.13 Bn | 17.98% |
| 3 | Boeing | 147.08 Bn | 53.78 Bn | 2.41 Bn | - |
| 4 | Lockheed Martin | 117.51 Bn | 104.24 Bn | 2.45 Bn | 15.70% |
| 5 | Howmet Aerospace | 90.46 Bn | 86.07 Bn | 951.00 Mn | 17.72% |
| 6 | General Dynamics | 89.77 Bn | 76.88 Bn | 2.18 Bn | 17.56% |
| 7 | Motorola Solutions | 73.88 Bn | 70.24 Bn | 1.68 Bn | 24.80% |
| 8 | Northrop Grumman | 68.68 Bn | 57.92 Bn | 2.12 Bn | 6.34% |
| 9 | Honeywell International | 66.86 Bn | 19.30 Bn | 3.65 Bn | 20.96% |
| 10 | TransDigm | 59.83 Bn | 47.91 Bn | 1.63 Bn | 24.26% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.34% |
| Mar 31, 2026 | 15.05% |
| Dec 31, 2025 | 17.99% |
| Sep 30, 2025 | 16.86% |
| Jun 30, 2025 | 17.73% |
| Mar 31, 2025 | 16.78% |
| Dec 31, 2024 | 18.50% |
| Sep 30, 2024 | 13.64% |
| Jun 30, 2024 | 17.98% |
| Mar 31, 2024 | 16.53% |
| Sep 30, 2023 | 16.19% |
| Jun 30, 2023 | 17.73% |
| Mar 31, 2023 | 15.63% |
| Dec 31, 2022 | 15.17% |
| Sep 30, 2022 | 16.06% |
| Jun 30, 2022 | 17.74% |
| Mar 31, 2022 | 16.52% |
| Dec 31, 2021 | 18.98% |
| Sep 30, 2021 | 16.63% |
| Jun 30, 2021 | 20.35% |
API Access
Northrop Grumman Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=NOC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "NOC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=NOC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();