Filing Flows › Northrop Grumman (NOC) › Q3 2025
Northrop Grumman (NOC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 21, 2025
Northrop Grumman (NOC) reported revenue of $10.4B for the third quarter 2025 (Q3 2025), +4% from a year earlier and +0.7% from the quarter before. Operating margin was 11.9%, net earnings $1.1B (10.6% of revenue).
Northrop Grumman, Q3 2025: revenue $10.4B (+4% year over year), operating margin 11.9%, net earnings $1.1B, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.4B | +0.7% | +4% |
| Operating profit | $1.2B | -13% | +11% |
| Net earnings | $1.1B | -6% | +7% |
| Operating cash flow | $1.6B | +79% | +43% |
| Free cash flow | $1.3B | +97% | +72% |
What changed
Revenue was $10.4B in Q3 2025, up 4% year over year and up 1% from the previous quarter. Product was the largest line at 80% of revenue. Product added $0.43B year over year (up 5%), 101% of the total change.
Operating profit was $1.2B, a 11.9% margin (up 0.7 points year over year). Of the extra revenue versus a year earlier, 29% reached operating profit, above the 11% margin then. Total costs grew 3% against revenue growth of 4%. Net earnings were $1.1B, up 7% year over year. The effective tax rate was 16.9%.
Operating cash flow was $1.6B (up 43% year over year), 142% of net earnings. Non-cash charges added back $0.38B of depreciation and amortization and $0.03B of share-based compensation. Capital expenditures of $0.30B left free cash flow of $1.3B.
Questions
What was Northrop Grumman's revenue in the third quarter 2025?
Northrop Grumman (NOC) reported revenue of $10.4B for the third quarter 2025 (Q3 2025), +4% from a year earlier and +0.7% from the quarter before.
Was Northrop Grumman profitable in the third quarter 2025?
Operating profit was $1.2B (11.9% of revenue) and net earnings $1.1B.
Source: Northrop Grumman 10-Q on SEC EDGAR.