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Northrop Grumman vs Teledyne Technologies: NOC and TDY compared
Northrop Grumman is the larger company: $11.1B of revenue in its latest quarter (Q3 2026) against $1.7B for Teledyne Technologies (Q3 2026). Teledyne Technologies is growing faster (+9% against +7% a year earlier). Teledyne Technologies is more profitable, with an operating margin of 20.6% against 11.4%.
Where the money goes: NOC and TDY
Northrop Grumman (NOC) · Q3 2026
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 follows the revenue to costs, profit and cash.
Teledyne Technologies (TDY) · Q3 2026
Teledyne Technologies, Q3 2026: revenue $1.7B (+9% year over year), operating margin 20.6%, net earnings $273M, operating cash flow $352M. The chart follows the revenue to costs, profit and cash.
| Northrop Grumman (NOC) | Teledyne Technologies (TDY) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $11.1B | $1.7B |
| Revenue growth, Y/Y | +7% | +9% |
| Operating margin | 11.4% | 20.6% |
| Net earnings | $1.1B | $273M |
| Net margin | 10.1% | 16.2% |
| Operating cash flow | $1.7B | $352M |
| Free cash flow | $1.4B | $320M |
| Market value | $74.8B | $28.9B |
| P/E | 16.6× | 28.2× |
| Analysts’ mean target | $636.00 | $770.08 |
Where the revenue comes from
Northrop Grumman
- Product: $9.1B (82%)
- Service: $2.0B (18%)
Teledyne Technologies
- Digital Imaging: $903M (54%)
- Instrumentation: $370M (22%)
- Aerospace and Defense Electronics: $287M (17%)
- Engineered Systems: $124M (7%)
Questions
Which is bigger, Northrop Grumman or Teledyne Technologies?
Northrop Grumman is the larger company: $11.1B of revenue in its latest quarter (Q3 2026) against $1.7B for Teledyne Technologies (Q3 2026).
Is Northrop Grumman or Teledyne Technologies growing faster?
Teledyne Technologies is growing faster (+9% against +7% a year earlier).
Which is more profitable, Northrop Grumman or Teledyne Technologies?
Teledyne Technologies is more profitable, with an operating margin of 20.6% against 11.4%.
More: Northrop Grumman earnings · how Northrop Grumman makes money · Teledyne Technologies earnings · how Teledyne Technologies makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 20, 2026; 10-Q filed Oct 23, 2026). Fiscal quarters can end on different dates. Not investment advice.