Northrop Grumman’s Revenue Breakdown (2016-2022)

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This statistic highlights Northrop Grumman’s Revenue Breakdown, split between Product and Services, reported on a quarterly basis from Q1 2016 onwards.
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This statistic highlights Northrop Grumman’s Revenue Breakdown, split between Product and Services, reported on a quarterly basis from Q1 2016 onwards.

Northrop Grumman Corporation is a United States-based, global aerospace and defence technology business. With 90,000 employees, it is one of the world’s top weapon makers and military technology providers. Long-term contracts with the US government for the creation or production of items, the provision of services, or a mix of both, account for the majority of its sales. The company records income when the consumer gains control, either over time or at a certain point in time.

Northrop Grumman’s Revenue Breakdown

Northrop Grumman obtains its revenue by either selling the various products it offers, or by rendering its services. The total revenue of the company stood at $ 9 billion in both Q3 2020 and Q2 2021. In the latest quarter of Q3 2021, the revenue amounted to $8.6 billion. Thus, on a year-on-year basis and on a quarter-on-quarter basis, the revenue witnessed a fall of 4.44%.

Analyzing the vertical-wise revenue, it is evident that the revenue from products is substantially high when compared to the revenue earned from services in every quarter. During Q3 2020, revenue from products is nearly thrice that of services. The difference in the revenue from these two verticals becomes even bigger in the second and third quarters of 2021.

Northrop Grumman’s total revenue can be further bifurcated into the following segments:

Revenue Breakdown Q3 2020 Q2 2021 Q3 2021 Contribution in Q3 2021
Product $6.60 $7.10 $6.80 79%
Services $2.40 $1.90 $1.80 21%
Total $9.00 $9.00 $8.60 100%

(All figures in billions, except percentages)

Products

The company’s product segment contributes 79% of the total revenue generated by the company in Q3 2021, amounting to $6.8 billion. The revenue from the products increased from $6.6 billion in Q3 2020 to $7.1 billion in Q2 2021. However, it plunged in the subsequent quarter of Q3 2021 by approximately $0.3 billion. On a year-on-year basis, the revenue witnessed a rise of 3.03%, from $6.6 billion in Q3 2020 to $6.8 billion in Q3 2021. However, on a quarter-on-quarter basis, the revenue fell from $7.1 in Q2 2021 to $6.8 billion in Q3 2021, marking a fall of 4.22%.

Services

The company’s services segment contributes 21% of the total revenue generated by the company in Q3 2021, amounting to $1.8 billion. The revenue from services has been constantly declining for Northrop Grumman. Starting at $2.4 billion in Q3 2020, it declined to $1.9 billion in Q2 2021 and then further dropped by another $0.1 billion in Q3 2021. On a year-on-year basis, the revenue fell from $2.4 billion in Q3 2020 to $1.8 billion in Q3 2021, witnessing a fall of 25%. On a quarter-on-quarter basis, the revenue declined by 5.26%, from $1.9 billion in Q2 2021 to $1.8 billion in Q3 2021.

About Northrop Grumman

Northrop Grumman is an aerospace and defense company based in the United States. They include a diverse set of capabilities and technologies for developing and delivering innovative space platforms, systems, and solutions; manned and autonomous airborne systems, including strike; hypersonics; missile defense; weapon systems; cyber; command, control, communications, and computers (C4ISR); and logistics and modernization. It has four divisions, namely, Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. It operates in the arms and aerospace industry.

The company was founded in 1994 by Kathy J. Warden and has its headquarters in Virginia, United States. It is one of the world’s leading weapon manufacturers and military technology providers, with over 90,000 employees and annual revenue of over $30 billion. The company is ranked 96th on the Fortune 500 list of America’s largest firms for 2020. The Collier Trophy has been provided to Northrop Grumman and its enterprise companions 8 times. The common stock of Northrop Grumman is listed on the New York Stock Exchange (NYSE) under the ticker symbol “NOC”.

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