Northrop Historical Income Statement
| NOC Stock | USD 489.65 0.57 0.12% |
Historical analysis of Northrop Grumman income statement accounts such as Gross Profit of 41.3 B can show how well Northrop Grumman performed in making a profits. Evaluating Northrop Grumman income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Northrop Grumman's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Northrop Grumman latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Northrop Grumman is a good buy for the upcoming year.
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About Northrop Income Statement Analysis
Northrop Grumman Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Northrop Grumman shareholders. The income statement also shows Northrop investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Northrop Grumman Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Northrop Grumman generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Northrop Grumman minus its cost of goods sold. It is profit before Northrop Grumman operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Northrop Grumman. It is also known as Northrop Grumman overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Northrop Grumman operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Northrop Grumman is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from Northrop Grumman's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Northrop Grumman current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northrop Grumman. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. For information on how to trade Northrop Stock refer to our How to Trade Northrop Stock guide.At present, Northrop Grumman's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Gross Profit is expected to grow to about 41.3 B, whereas Total Revenue is forecasted to decline to about 21.7 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 7.3B | 7.5B | 39.3B | 41.3B | Total Revenue | 35.7B | 36.6B | 39.3B | 21.7B |
Northrop Grumman income statement Correlations
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Northrop Grumman Account Relationship Matchups
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Northrop Grumman income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 1.0B | 1.3B | 1.2B | 1.3B | 1.3B | 1.4B | |
| Interest Expense | 528M | 593M | 556M | 506M | 545M | 572.3M | |
| Total Revenue | 33.8B | 36.8B | 35.7B | 36.6B | 39.3B | 21.7B | |
| Gross Profit | 7.3B | 7.5B | 7.3B | 7.5B | 39.3B | 41.3B | |
| Other Operating Expenses | 29.9B | 32.7B | 32.0B | 33.0B | 36.8B | 19.7B | |
| Ebit | 3.1B | 4.3B | 7.5B | 6.3B | 2.5B | 2.2B | |
| Ebitda | 4.1B | 5.6B | 8.7B | 7.7B | 2.5B | 2.8B | |
| Cost Of Revenue | 26.6B | 29.3B | 28.4B | 29.1B | 30.8B | 17.3B | |
| Total Operating Expenses | 3.3B | 3.4B | 3.6B | 3.9B | 4.0B | 3.0B | |
| Income Before Tax | 2.5B | 3.7B | 8.9B | 5.8B | 2.3B | 1.9B | |
| Total Other Income Expense Net | (528M) | (337M) | 3.3B | 2.2B | (191M) | (181.5M) | |
| Net Income | 2.2B | 3.2B | 7.0B | 4.9B | 2.1B | 1.4B | |
| Income Tax Expense | 300M | 539M | 1.9B | 940M | 290M | 515.8M | |
| Selling General Administrative | 3.3B | 3.4B | 3.6B | 3.9B | 4.0B | 3.0B | |
| Research Development | 764M | 953M | 1.1B | 1.2B | 1.4B | 726.6M | |
| Net Income Applicable To Common Shares | 2.2B | 3.2B | 7.0B | 4.9B | 5.6B | 5.9B | |
| Net Income From Continuing Ops | 2.2B | 3.1B | 7.0B | 4.9B | 4.7B | 3.0B | |
| Non Operating Income Net Other | 107M | 92M | 19M | 4M | 4.6M | 4.4M | |
| Tax Provision | 300M | 539M | 1.9B | 940M | 884M | 937.0M | |
| Interest Income | 528M | 593M | 556M | 506M | 581.9M | 509.7M | |
| Net Interest Income | (528M) | (593M) | (556M) | (506M) | (537M) | (563.9M) | |
| Reconciled Depreciation | 1.0B | 1.3B | 1.2B | 1.3B | 1.3B | 1.2B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Northrop Grumman offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Northrop Grumman's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Northrop Grumman Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Northrop Grumman Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northrop Grumman. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. For information on how to trade Northrop Stock refer to our How to Trade Northrop Stock guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Is Aerospace & Defense space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Northrop Grumman. If investors know Northrop will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Northrop Grumman listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.133 | Dividend Share 7.86 | Earnings Share 16.21 | Revenue Per Share 276.412 | Quarterly Revenue Growth 0.023 |
The market value of Northrop Grumman is measured differently than its book value, which is the value of Northrop that is recorded on the company's balance sheet. Investors also form their own opinion of Northrop Grumman's value that differs from its market value or its book value, called intrinsic value, which is Northrop Grumman's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Northrop Grumman's market value can be influenced by many factors that don't directly affect Northrop Grumman's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Northrop Grumman's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northrop Grumman is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northrop Grumman's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.