Filing Flows › Northrop Grumman (NOC) › How it makes money
How Northrop Grumman (NOC) makes money
Northrop Grumman (NOC) made $11.1B of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Product brought in $9.1B (82%); Service brought in $2.0B (18%). Of every dollar of revenue, 11¢ was left as operating profit, 10¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Product | $9.1B | 81.8% | +3% | +9% |
| Service | $2.0B | 18.2% | -2% | -1% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $11.1B | 100.0% |
| Operating profit | $1.3B | 11.4% |
| Income tax | $174M | 1.6% |
| Net earnings | $1.1B | 10.1% |
| Operating cash flow | $1.7B | 15.7% |
| Free cash flow | $1.4B | 12.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $11.1B | +7% |
| Q2 2026 | $10.9B | +5% |
| Q1 2026 | $9.9B | +4% |
| Q4 2025 | $11.7B | +10% |
| Q3 2025 | $10.4B | +4% |
| Q2 2025 | $10.4B | +1% |
| Q1 2025 | $9.5B | -7% |
From Northrop Grumman's 10-Q filed Oct 20, 2026 (on EDGAR).
Questions
How does Northrop Grumman make money?
Northrop Grumman (NOC) made $11.1B of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Product brought in $9.1B (82%); Service brought in $2.0B (18%). Of every dollar of revenue, 11¢ was left as operating profit, 10¢ was left as net earnings.
What is Northrop Grumman's biggest business?
Product: $9.1B in the third quarter 2026, 82% of revenue, +9% from a year earlier.
What is Northrop Grumman's profit margin?
Net earnings were $1.1B, 10.1% of revenue, in the third quarter 2026; the operating margin was 11.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.