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HISTORY AND ORGANIZATION History Northrop Grumman Corporation (herein referred to as Northrop Grumman, the company, we, us, or our ) is a leading global aerospace and defense technology company. We deliver a broad range of products, services and solutions to U.S. and international customers, and principally to the U.S.
10.75% operating margin is respectable but not wide. ROIC at 10.62%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue growth slowed to 2.2%, essentially flat. This is a business that needs a catalyst.
Net debt of $13.48B represents 4.1x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$42.37B
▲ +2.2% YoY
Net Income (TTM)
$4.58B
▲ +0.2% YoY
Op. Margin
11.63%
▲ +0.1pp YoY
ROIC
11.78%
▼ -0.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$3.31B
▲ +26.2% YoY
Op. Cash Flow (TTM)
$4.67B
▲ +8.4% YoY
Net Debt
$14.98B
Cash & Equiv.
$2.09B
5Y CAGR: +2.7%
5Y CAGR: +2.8%
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