Filing Flows › Northrop Grumman (NOC) › Q3 2026 › vs Q3 2025
Northrop Grumman (NOC) Q3 2026 vs Q3 2025 (year over year)
Northrop Grumman's revenue rose $699M (+7%) from $10.4B in Q3 2025 to $11.1B in Q3 2026. The biggest changes: Product +$729M (+9%); Service −$30.0M (-1%). Operating margin 11.4% against 11.9% (-0.5 pts).
Northrop Grumman, Q3 2026: revenue $11.1B (+7% year over year), operating margin 11.4%, net earnings $1.1B, operating cash flow $1.7B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 11.4% | 11.9% | -0.5 pts |
| Net margin | 10.1% | 10.6% | -0.4 pts |
| Free cash flow margin | 12.9% | 12.1% | +0.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Product | $9.1B | $8.4B | $729M | +9% |
| Service | $2.0B | $2.1B | −$30.0M | -1% |
| Revenue | $11.1B | $10.4B | $699M | +7% |
| Operating profit | $1.3B | $1.2B | $27.0M | +2% |
| Costs & expenses | $9.9B | $9.2B | $672M | +7% |
| Pre-tax earnings | $1.3B | $1.3B | −$25.0M | -2% |
| General & admin | $1.1B | $985M | $98.0M | +10% |
| Other operating costs | $8.8B | $8.2B | $574M | +7% |
| Net earnings | $1.1B | $1.1B | $24.0M | +2% |
| Income tax | $174M | $223M | −$49.0M | -22% |
| Depreciation & amortization | $379M | $379M | $0 | 0% |
| Share-based compensation | $26.0M | $25.0M | $1.0M | +4% |
| Working capital & other | $216M | $53.0M | $163M | +308% |
| Operating cash flow | $1.7B | $1.6B | $188M | +12% |
| Free cash flow (OCF − capex) | $1.4B | $1.3B | $183M | +15% |
| Capital expenditures | $306M | $301M | $5.0M | +2% |
Questions
How much did Northrop Grumman's revenue grow year over year in Q3 2026?
Northrop Grumman's revenue rose $699M (+7%) from $10.4B in Q3 2025 to $11.1B in Q3 2026.
What drove Northrop Grumman's revenue change in Q3 2026?
Product +$729M (+9%); Service −$30.0M (-1%).