Filing Flows › Northrop Grumman (NOC) › Q4 2025
Northrop Grumman (NOC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Jan 27, 2026
Northrop Grumman (NOC) reported revenue of $11.7B for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and +12% from the quarter before. Operating margin was 10.9%, net earnings $1.4B (12.2% of revenue).
Northrop Grumman, Q4 2025: revenue $11.7B (+10% year over year), operating margin 10.9%, net earnings $1.4B, operating cash flow $3.9B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.7B | +12% | +10% |
| Operating profit | $1.3B | +2% | +17% |
| Net earnings | $1.4B | +30% | +13% |
| Operating cash flow | $3.9B | +150% | +51% |
| Free cash flow | $3.2B | +158% | +84% |
What changed
Revenue was $11.7B in Q4 2025, up 10% year over year and up 12% from the previous quarter. Product was the largest line at 82% of revenue.
Operating profit was $1.3B, a 10.9% margin (up 0.7 points year over year). Of the extra revenue versus a year earlier, 18% reached operating profit, above the 10% margin then. Total costs grew 9% against revenue growth of 10%. The fastest-growing cost line was General & admin (+22%). Net earnings were $1.4B, up 13% year over year. The effective tax rate was 18.0%. Non-operating items added $0.47B, 27% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $3.9B (up 51% year over year), 273% of net earnings. Non-cash charges added back $0.41B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items added $2.0B. Capital expenditures of $0.66B left free cash flow of $3.2B.
Questions
What was Northrop Grumman's revenue in the fourth quarter 2025?
Northrop Grumman (NOC) reported revenue of $11.7B for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and +12% from the quarter before.
Was Northrop Grumman profitable in the fourth quarter 2025?
Operating profit was $1.3B (10.9% of revenue) and net earnings $1.4B.
Source: Northrop Grumman 10-K on SEC EDGAR.