Northrop Grumman Corporation
NOC
Jodie read · what matters now
Revenue increased 4.4% versus the comparable filing period.
The story is only the start. Jodie keeps watching the filing evidence, the companies connected to NOC, and whether its market group begins moving.
Latest filing assessment · baseline
The latest filing presents a mixed picture
10-Q filed 2026-04-21 against the comparable filing from 2025-04-22.
What improved
- Revenue increased 4.4% versus the comparable filing period.
- Operating margin improved 4.0 percentage points.
- Net income increased 81.9% versus the comparable filing period.
What weakened
- Operating cash flow covered only -1.89x net income.
Filing receipts
“DEFENSE SYSTEMS Three Months Ended March 31 % $ in millions 2026 2025 Change Sales $ 1,899 $ 1,805 5 % Less: Training services sales — (72) Organic sales $ 1,899 $ 1,733 10 % Operating income $ 184 $ 179 3 % Operating margin rate 9.7 % 9.9 % Sales First quarter 2026 sales increased $94 million, or 5 percent, primarily due to higher volume on Sentinel as that program continues to ramp, as well as higher volume on tactical solid rocket motor programs and across the Integrated Battle Command System (IBCS) portfolio.”
“MISSION SYSTEMS Three Months Ended March 31 % $ in millions 2026 2025 Change Sales $ 2,861 $ 2,807 2 % Operating income 433 361 20 % Operating margin rate 15.1 % 12.9 % Sales First quarter 2026 sales increased $54 million, or 2 percent, primarily due to ramp-up on restricted airborne radar programs and higher volume on marine systems programs, partially offset by lower volume on the Scalable Agile Beam Radar program and airborne electronic warfare programs.”
“SPACE SYSTEMS Three Months Ended March 31 % $ in millions 2026 2025 Change Sales $ 2,480 $ 2,568 (3) % Operating income 235 283 (17) % Operating margin rate 9.5 % 11.0 % Sales First quarter 2026 sales decreased $88 million, or 3 percent, primarily due to wind-down of work on the NGI program, which reduced sales by $98 million, as well as lower sales on the GEM 63XL program related to the unfavorable EAC adjustment described below.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Who this business touches
The relationships behind NOC
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
Depended on by
Filing peers
Companies whose filings use similar operating language.
You can see the shape of the network here. Pro opens 31 more links, the original filing receipts, and alerts when connected names begin moving. See Pro →
What is moving around it
Live connections
NOC is currently a Leader in the organic co-movement group Aerospace & Defense. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Theme membership history
No durable theme membership has been observed for this name yet.