Filing Flows › Northrop Grumman (NOC) › Q1 2025
Northrop Grumman (NOC) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 22, 2025
Northrop Grumman (NOC) reported revenue of $9.5B for the first quarter 2025 (Q1 2025), -7% from a year earlier and -11% from the quarter before. Operating margin was 6.1%, net earnings $481M (5.1% of revenue).
Northrop Grumman, Q1 2025: revenue $9.5B (-7% year over year), operating margin 6.1%, net earnings $481M, operating cash flow −$1.6B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.5B | -11% | -7% |
| Operating profit | $573M | -47% | -46% |
| Net earnings | $481M | -62% | -49% |
| Operating cash flow | −$1.6B | — | — |
What changed
Revenue was $9.5B in Q1 2025, down 7% year over year and down 11% from the previous quarter. Product was the largest line at 79% of revenue. Product lost $0.58B year over year (down 7%), 87% of the total change.
Operating profit was $0.57B, a 6.1% margin (down 4.5 points year over year). Total costs fell 2% while revenue fell 7%. Net earnings were $0.48B, down 49% year over year. The effective tax rate was 16.8%.
Operating cash flow was −$1.6B. Non-cash charges added back $0.34B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $2.4B. Capital expenditures of $0.26B exceeded it, leaving free cash flow of −$1.8B.
Questions
What was Northrop Grumman's revenue in the first quarter 2025?
Northrop Grumman (NOC) reported revenue of $9.5B for the first quarter 2025 (Q1 2025), -7% from a year earlier and -11% from the quarter before.
Was Northrop Grumman profitable in the first quarter 2025?
Operating profit was $573M (6.1% of revenue) and net earnings $481M.
Source: Northrop Grumman 10-Q on SEC EDGAR.