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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.30
NOC's Cash to Debt is ranked lower than
52% of the 192 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.35 vs. NOC: 0.30 )
Ranked among companies with meaningful Cash to Debt only.
NOC' s 10-Year Cash to Debt Range
Min: 0.01  Med: 0.16 Max: 1.01
Current: 0.3
0.01
1.01
Equity to Asset 0.25
NOC's Equity to Asset is ranked lower than
74% of the 189 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.37 vs. NOC: 0.25 )
Ranked among companies with meaningful Equity to Asset only.
NOC' s 10-Year Equity to Asset Range
Min: 0.16  Med: 0.40 Max: 0.53
Current: 0.25
0.16
0.53
Interest Coverage 11.33
NOC's Interest Coverage is ranked lower than
52% of the 115 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 12.14 vs. NOC: 11.33 )
Ranked among companies with meaningful Interest Coverage only.
NOC' s 10-Year Interest Coverage Range
Min: 2.6  Med: 5.67 Max: 14.82
Current: 11.33
2.6
14.82
F-Score: 7
Z-Score: 3.11
M-Score: -2.61
WACC vs ROIC
5.95%
19.75%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 13.05
NOC's Operating margin (%) is ranked higher than
80% of the 193 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 5.61 vs. NOC: 13.05 )
Ranked among companies with meaningful Operating margin (%) only.
NOC' s 10-Year Operating margin (%) Range
Min: -0.81  Med: 8.51 Max: 14.41
Current: 13.05
-0.81
14.41
Net-margin (%) 8.33
NOC's Net-margin (%) is ranked higher than
78% of the 193 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 3.40 vs. NOC: 8.33 )
Ranked among companies with meaningful Net-margin (%) only.
NOC' s 10-Year Net-margin (%) Range
Min: -3.91  Med: 4.83 Max: 8.63
Current: 8.33
-3.91
8.63
ROE (%) 24.73
NOC's ROE (%) is ranked higher than
90% of the 183 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 4.78 vs. NOC: 24.73 )
Ranked among companies with meaningful ROE (%) only.
NOC' s 10-Year ROE (%) Range
Min: -8.53  Med: 13.70 Max: 23.18
Current: 24.73
-8.53
23.18
ROA (%) 7.86
NOC's ROA (%) is ranked higher than
85% of the 194 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.31 vs. NOC: 7.86 )
Ranked among companies with meaningful ROA (%) only.
NOC' s 10-Year ROA (%) Range
Min: -3.97  Med: 4.66 Max: 7.81
Current: 7.86
-3.97
7.81
ROC (Joel Greenblatt) (%) 106.81
NOC's ROC (Joel Greenblatt) (%) is ranked higher than
96% of the 192 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 8.92 vs. NOC: 106.81 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
NOC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -4.75  Med: 56.96 Max: 111.06
Current: 106.81
-4.75
111.06
Revenue Growth (3Y)(%) 6.40
NOC's Revenue Growth (3Y)(%) is ranked higher than
62% of the 166 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 3.30 vs. NOC: 6.40 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
NOC' s 10-Year Revenue Growth (3Y)(%) Range
Min: -7.2  Med: 4.40 Max: 12.5
Current: 6.4
-7.2
12.5
EBITDA Growth (3Y)(%) 8.30
NOC's EBITDA Growth (3Y)(%) is ranked higher than
66% of the 133 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 3.10 vs. NOC: 8.30 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
NOC' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -51.3  Med: 4.60 Max: 137.5
Current: 8.3
-51.3
137.5
EPS Growth (3Y)(%) 9.60
NOC's EPS Growth (3Y)(%) is ranked higher than
64% of the 123 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 4.10 vs. NOC: 9.60 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
NOC' s 10-Year EPS Growth (3Y)(%) Range
Min: -22  Med: 9.70 Max: 29.2
Current: 9.6
-22
29.2
» NOC's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2014

NOC Guru Trades in Q3 2014

Caxton Associates 80,000 sh (New)
David Dreman 2,423 sh (+4.71%)
First Eagle Investment 5,033,281 sh (+4.45%)
Pioneer Investments 67,345 sh (unchged)
Mario Gabelli 3,528 sh (unchged)
Caxton Associates 125,000 sh (unchged)
Paul Tudor Jones Sold Out
Ray Dalio Sold Out
Louis Moore Bacon Sold Out
Jim Simons Sold Out
Ken Fisher 1,800 sh (-2.65%)
HOTCHKIS & WILEY 779,159 sh (-2.90%)
Joel Greenblatt 9,208 sh (-94.86%)
» More
Q4 2014

NOC Guru Trades in Q4 2014

First Eagle Investment 6,109,074 sh (+21.37%)
Pioneer Investments 74,908 sh (+11.23%)
Ken Fisher 1,957 sh (+8.72%)
Mario Gabelli 3,528 sh (unchged)
Caxton Associates Sold Out
HOTCHKIS & WILEY Sold Out
David Dreman 1,844 sh (-23.90%)
Joel Greenblatt 6,803 sh (-26.12%)
» More
Q1 2015

NOC Guru Trades in Q1 2015

Louis Moore Bacon 100,000 sh (New)
Paul Tudor Jones 9,308 sh (New)
Mario Gabelli 3,528 sh (unchged)
David Dreman Sold Out
Joel Greenblatt 6,531 sh (-4.00%)
First Eagle Investment 5,852,255 sh (-4.20%)
Ken Fisher 1,650 sh (-15.69%)
Pioneer Investments 50,574 sh (-32.49%)
» More
Q2 2015

NOC Guru Trades in Q2 2015

Joel Greenblatt 25,974 sh (+297.70%)
Ken Fisher 1,688 sh (+2.30%)
First Eagle Investment 5,887,176 sh (+0.60%)
Mario Gabelli 3,528 sh (unchged)
Pioneer Investments 50,390 sh (-0.36%)
Paul Tudor Jones 3,200 sh (-65.62%)
Louis Moore Bacon 16,000 sh (-84.00%)
» More
» Details

Insider Trades

Latest Guru Trades with NOC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 16.27
NOC's P/E(ttm) is ranked higher than
70% of the 134 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 20.40 vs. NOC: 16.27 )
Ranked among companies with meaningful P/E(ttm) only.
NOC' s 10-Year P/E(ttm) Range
Min: 6.88  Med: 13.49 Max: 19.28
Current: 16.27
6.88
19.28
Forward P/E 15.55
NOC's Forward P/E is ranked lower than
57% of the 94 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 14.97 vs. NOC: 15.55 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 16.70
NOC's PE(NRI) is ranked higher than
68% of the 131 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 20.40 vs. NOC: 16.70 )
Ranked among companies with meaningful PE(NRI) only.
NOC' s 10-Year PE(NRI) Range
Min: 6.97  Med: 13.58 Max: 19.63
Current: 16.7
6.97
19.63
P/B 4.90
NOC's P/B is ranked lower than
79% of the 182 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.94 vs. NOC: 4.90 )
Ranked among companies with meaningful P/B only.
NOC' s 10-Year P/B Range
Min: 0.64  Med: 1.36 Max: 5.32
Current: 4.9
0.64
5.32
P/S 1.37
NOC's P/S is ranked lower than
57% of the 190 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.09 vs. NOC: 1.37 )
Ranked among companies with meaningful P/S only.
NOC' s 10-Year P/S Range
Min: 0.32  Med: 0.67 Max: 1.52
Current: 1.37
0.32
1.52
PFCF 18.59
NOC's PFCF is ranked lower than
59% of the 94 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 17.78 vs. NOC: 18.59 )
Ranked among companies with meaningful PFCF only.
NOC' s 10-Year PFCF Range
Min: 4.71  Med: 12.15 Max: 23.46
Current: 18.59
4.71
23.46
POCF 13.74
NOC's POCF is ranked lower than
62% of the 127 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 11.84 vs. NOC: 13.74 )
Ranked among companies with meaningful POCF only.
NOC' s 10-Year POCF Range
Min: 3.56  Med: 8.80 Max: 14.85
Current: 13.74
3.56
14.85
EV-to-EBIT 11.18
NOC's EV-to-EBIT is ranked higher than
78% of the 142 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 16.08 vs. NOC: 11.18 )
Ranked among companies with meaningful EV-to-EBIT only.
NOC' s 10-Year EV-to-EBIT Range
Min: -254  Med: 8.70 Max: 12.8
Current: 11.18
-254
12.8
PEG 1.48
NOC's PEG is ranked higher than
54% of the 57 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.02 vs. NOC: 1.48 )
Ranked among companies with meaningful PEG only.
NOC' s 10-Year PEG Range
Min: 0.13  Med: 0.91 Max: 18.47
Current: 1.48
0.13
18.47
Shiller P/E 19.28
NOC's Shiller P/E is ranked higher than
58% of the 118 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 22.58 vs. NOC: 19.28 )
Ranked among companies with meaningful Shiller P/E only.
NOC' s 10-Year Shiller P/E Range
Min: 8.31  Med: 17.90 Max: 25.3
Current: 19.28
8.31
25.3
Current Ratio 1.25
NOC's Current Ratio is ranked lower than
69% of the 191 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.56 vs. NOC: 1.25 )
Ranked among companies with meaningful Current Ratio only.
NOC' s 10-Year Current Ratio Range
Min: 0.89  Med: 1.11 Max: 1.7
Current: 1.25
0.89
1.7
Quick Ratio 1.09
NOC's Quick Ratio is ranked higher than
57% of the 190 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.02 vs. NOC: 1.09 )
Ranked among companies with meaningful Quick Ratio only.
NOC' s 10-Year Quick Ratio Range
Min: 0.59  Med: 0.84 Max: 1.56
Current: 1.09
0.59
1.56
Days Inventory 15.29
NOC's Days Inventory is ranked higher than
93% of the 183 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 110.89 vs. NOC: 15.29 )
Ranked among companies with meaningful Days Inventory only.
NOC' s 10-Year Days Inventory Range
Min: 13.86  Med: 17.34 Max: 93.02
Current: 15.29
13.86
93.02
Days Sales Outstanding 48.03
NOC's Days Sales Outstanding is ranked higher than
68% of the 166 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 63.53 vs. NOC: 48.03 )
Ranked among companies with meaningful Days Sales Outstanding only.
NOC' s 10-Year Days Sales Outstanding Range
Min: 36.7  Med: 43.61 Max: 74.66
Current: 48.03
36.7
74.66

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.87
NOC's Dividend Yield is ranked lower than
55% of the 247 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 7.37 vs. NOC: 1.87 )
Ranked among companies with meaningful Dividend Yield only.
NOC' s 10-Year Dividend Yield Range
Min: 1.57  Med: 2.17 Max: 5.11
Current: 1.87
1.57
5.11
Dividend Payout 0.29
NOC's Dividend Payout is ranked higher than
55% of the 134 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 9999.00 vs. NOC: 0.29 )
Ranked among companies with meaningful Dividend Payout only.
NOC' s 10-Year Dividend Payout Range
Min: 0.16  Med: 0.28 Max: 1.16
Current: 0.29
0.16
1.16
Dividend growth (3y) 11.20
NOC's Dividend growth (3y) is ranked higher than
67% of the 81 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 5.80 vs. NOC: 11.20 )
Ranked among companies with meaningful Dividend growth (3y) only.
NOC' s 10-Year Dividend growth (3y) Range
Min: 0  Med: 7.90 Max: 18.5
Current: 11.2
0
18.5
Yield on cost (5-Year) 2.89
NOC's Yield on cost (5-Year) is ranked higher than
54% of the 251 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.73 vs. NOC: 2.89 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
NOC' s 10-Year Yield on cost (5-Year) Range
Min: 2.48  Med: 3.43 Max: 8.08
Current: 2.89
2.48
8.08
Share Buyback Rate 9.00
NOC's Share Buyback Rate is ranked higher than
99% of the 134 Companies
in the Global Aerospace & Defense industry.

( Industry Median: -1.20 vs. NOC: 9.00 )
Ranked among companies with meaningful Share Buyback Rate only.
NOC' s 10-Year Share Buyback Rate Range
Min: 9  Med: 1.00 Max: -42.3
Current: 9

Valuation & Return

vs
industry
vs
history
Price/Projected FCF 1.38
NOC's Price/Projected FCF is ranked higher than
52% of the 109 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.45 vs. NOC: 1.38 )
Ranked among companies with meaningful Price/Projected FCF only.
NOC' s 10-Year Price/Projected FCF Range
Min: 0.49  Med: 0.88 Max: 2.21
Current: 1.38
0.49
2.21
Price/Median PS Value 2.07
NOC's Price/Median PS Value is ranked lower than
88% of the 174 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.06 vs. NOC: 2.07 )
Ranked among companies with meaningful Price/Median PS Value only.
NOC' s 10-Year Price/Median PS Value Range
Min: 0.21  Med: 0.96 Max: 2.07
Current: 2.07
0.21
2.07
Price/Peter Lynch Fair Value 1.78
NOC's Price/Peter Lynch Fair Value is ranked lower than
61% of the 46 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.44 vs. NOC: 1.78 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
NOC' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.28  Med: 0.93 Max: 4.47
Current: 1.78
0.28
4.47
Earnings Yield (Greenblatt) (%) 8.98
NOC's Earnings Yield (Greenblatt) (%) is ranked higher than
84% of the 189 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 3.80 vs. NOC: 8.98 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
NOC' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 7.8  Med: 11.10 Max: 21.4
Current: 8.98
7.8
21.4
Forward Rate of Return (Yacktman) (%) 14.12
NOC's Forward Rate of Return (Yacktman) (%) is ranked higher than
69% of the 120 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 5.98 vs. NOC: 14.12 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
NOC' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: -28.6  Med: 12.10 Max: 94.8
Current: 14.12
-28.6
94.8

Analyst Estimate

Dec15 Dec16 Dec17 Dec18
Revenue(Mil) 23,759 23,786 24,469 25,771
EPS($) 9.28 10.58 12.21 13.69
EPS without NRI($) 9.28 10.58 12.21 13.69

Business Description

Industry: Aerospace & Defense » Aerospace & Defense
Compare:BA, ERJ, EADSY, RYCEY, HON » details
Traded in other countries:NTH.Germany,
Northrop Grumman Corp was originally formed in California in 1939 and was reincorporated in Delaware in 1985. The Company is a security company that provides systems, products and solutions in unmanned systems, cybersecurity; command, control, communications and computers (C4) intelligence, surveillance, and reconnaissance (C4ISR); and logistics and modernization to government and commercial customers. The Company participates in defense and government services programs in the United States (U.S.) and abroad. It conducts its business with the U.S. Government, principally the Department of Defense (DoD) and intelligence community. It also conducts business with local, state, and foreign governments and domestic and international commercial customers. The Company has four sectors: Aerospace Systems, Electronic Systems, Information Systems and Technical Services. Aerospace Systems activities includes designing, development, integration and production of manned aircraft, unmanned systems, spacecraft, high-energy laser systems, microelectronics and other systems and subsystems. Electronic Systems activities includes designing, development, manufacture, and support of solutions for sensing, understanding, anticipating, and controlling the operating environment for its military, civil, and commercial customers. Electronic Systems provides a variety of defense electronics and systems, airborne fire control radars, situational awareness systems, early warning systems, airspace management systems, navigation systems, communications systems, marine power and propulsion systems, space systems, and logistics services. The segment consists of three business areas: Intelligence, Surveillance, Reconnaissance & Targeting Systems; Land & Self Protection Systems; Navigation & Marine Systems. Information Systems is a provider of advanced solutions for the DoD, national intelligence, federal civilian, state and local agencies, and international allies, as well as certain commercial customers. Technical Services provides affordable logistics, modernization and sustainment support, and also provides an array of other advanced technology and engineering services, including space, missile defense, nuclear security, training and simulation. The segment consists of three business areas: Defense and Government Services; Training Solutions; and Integrated Logistics and Modernization. The Company competes with Airbus Group, BAE Systems, Boeing, Booz Allen Hamilton, Finmeccanica, General Dynamics, L-3 Communications, Leidos, Lockheed Martin, Raytheon and Thales. Its manufacturing operations are subject to and affected by federal, state, foreign, and local laws and regulations relating to the protection of the environment.
» More Articles for NOC

Headlines

Articles On GuruFocus.com
First Eagle Investment Adds to Its Stake in Intevac Aug 01 2015 
Aerospace And Defense's Stocks With Lowest P/E Jul 29 2015 
Is Northrop Grumman's Near Record-High Price to Sales Ratio A Cause for Concern? Jun 08 2015 
Lockheed Martin Corp. (LMT) Dividend Stock Analysis Apr 21 2015 
Raytheon Company Dividend Stock Analysis Mar 04 2015 
Weekly 52-Week Highs Highlight: KR, COV, VRX, NOC Feb 01 2015 
Defense Contracts To Drive Growth For Boeing Jan 22 2015 
Lockheed Martin Will Continue to Rule The Industry Dec 23 2014 
CPI Aero Announces $86 Million Multi-Year Contract for Wing Kits From Northrop Grumman Nov 03 2014 
Are Defense Stocks Good Defensive Stocks? Sep 30 2014 

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