Stock Analysis on Net
Stock Analysis on Net

Northrop Grumman Corp. (NYSE:NOC)

This company has been moved to the archive! The financial data has not been updated since April 27, 2023.

Common-Size Income Statement 

Northrop Grumman Corp., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Product 77.92 78.13 73.41 70.48 68.01
Service 22.08 21.87 26.59 29.52 31.99
Sales 100.00% 100.00% 100.00% 100.00% 100.00%
Product -62.19 -62.55 -58.59 -55.18 -52.45
Service -17.40 -17.07 -21.09 -23.37 -24.98
Cost of sales -79.58% -79.62% -79.68% -78.55% -77.43%
Gross profit 20.42% 20.38% 20.32% 21.45% 22.57%
General and administrative expenses -10.58 -10.08 -9.27 -9.72 -10.00
Gain on sale of business 0.00 5.55 0.00 0.00 0.00
Operating income 9.84% 15.84% 11.05% 11.73% 12.56%
Interest expense -1.38 -1.56 -1.61 -1.56 -1.87
Non-operating FAS pension benefit 4.11 4.12 3.26 2.36 3.49
Mark-to-market pension and OPB benefit (expense) 3.37 6.60 -2.81 -5.32 -2.18
Other, net 0.01 0.05 0.25 0.32 0.43
Other income (expense) 6.11% 9.22% -0.92% -4.20% -0.13%
Earnings before income taxes 15.94% 25.06% 10.13% 7.53% 12.43%
Federal and foreign income tax expense -2.57 -5.42 -1.46 -0.89 -1.70
Net earnings 13.38% 19.64% 8.67% 6.64% 10.73%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Northrop Grumman Corp. operating income as a percentage of sales increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Earnings before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Northrop Grumman Corp. earnings before income taxes as a percentage of sales increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.
Net earnings The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Northrop Grumman Corp. net earnings as a percentage of sales increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.