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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 0.87
NOC's Cash to Debt is ranked higher than
77% of the 255 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.71 vs. NOC: 0.87 )
NOC' s 10-Year Cash to Debt Range
Min: 0.01   Max: 0.98
Current: 0.87

0.01
0.98
Equity to Asset 0.40
NOC's Equity to Asset is ranked higher than
70% of the 261 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.40 vs. NOC: 0.40 )
NOC' s 10-Year Equity to Asset Range
Min: 0.21   Max: 0.53
Current: 0.4

0.21
0.53
Interest Coverage 12.15
NOC's Interest Coverage is ranked higher than
71% of the 162 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 13.99 vs. NOC: 12.15 )
NOC' s 10-Year Interest Coverage Range
Min: 1.83   Max: 14.82
Current: 12.15

1.83
14.82
F-Score: 5
Z-Score: 3.06
M-Score: -2.70
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 : 6/10

vs
industry
vs
history
Operating margin (%) 12.66
NOC's Operating margin (%) is ranked higher than
91% of the 259 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 7.82 vs. NOC: 12.66 )
NOC' s 10-Year Operating margin (%) Range
Min: -0.81   Max: 14.41
Current: 12.66

-0.81
14.41
Net-margin (%) 7.92
NOC's Net-margin (%) is ranked higher than
85% of the 259 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 5.29 vs. NOC: 7.92 )
NOC' s 10-Year Net-margin (%) Range
Min: -3.91   Max: 8.02
Current: 7.92

-3.91
8.02
ROE (%) 18.38
NOC's ROE (%) is ranked higher than
92% of the 251 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 11.68 vs. NOC: 18.38 )
NOC' s 10-Year ROE (%) Range
Min: -10.59   Max: 20.79
Current: 18.38

-10.59
20.79
ROA (%) 7.40
NOC's ROA (%) is ranked higher than
90% of the 260 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 4.66 vs. NOC: 7.40 )
NOC' s 10-Year ROA (%) Range
Min: -4.18   Max: 8.33
Current: 7.4

-4.18
8.33
ROC (Joel Greenblatt) (%) 111.30
NOC's ROC (Joel Greenblatt) (%) is ranked higher than
98% of the 260 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 24.60 vs. NOC: 111.30 )
NOC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -5.5   Max: 111.3
Current: 111.3

-5.5
111.3
Revenue Growth (%) 4.10
NOC's Revenue Growth (%) is ranked higher than
72% of the 240 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 5.30 vs. NOC: 4.10 )
NOC' s 10-Year Revenue Growth (%) Range
Min: -8.3   Max: 12.5
Current: 4.1

-8.3
12.5
EBITDA Growth (%) 13.40
NOC's EBITDA Growth (%) is ranked higher than
83% of the 220 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 10.00 vs. NOC: 13.40 )
NOC' s 10-Year EBITDA Growth (%) Range
Min: -51.3   Max: 137.5
Current: 13.4

-51.3
137.5
EPS Growth (%) 9.70
NOC's EPS Growth (%) is ranked higher than
77% of the 192 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 10.10 vs. NOC: 9.70 )
NOC' s 10-Year EPS Growth (%) Range
Min: -22   Max: 86.6
Current: 9.7

-22
86.6
» NOC's 10-Y Financials

Financials


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

» Details

Guru Trades

Q1 2013

NOC Guru Trades in Q1 2013

John Burbank 7,125 sh (New)
Jeremy Grantham 23,172 sh (New)
Jim Simons 586,800 sh (New)
Joel Greenblatt 229,195 sh (+82.09%)
Ray Dalio 188,436 sh (+23.48%)
Richard Pzena 4,116,900 sh (+6.86%)
Mario Gabelli 11,738 sh (unchged)
Bill Nygren 1,440,000 sh (unchged)
Pioneer Investments Sold Out
HOTCHKIS & WILEY 1,220,600 sh (-0.53%)
Manning & Napier Advisors, Inc 36,324 sh (-2%)
Jean-Marie Eveillard 6,058,332 sh (-3.34%)
Paul Tudor Jones 10,700 sh (-14.4%)
Steven Cohen 11,068 sh (-60.81%)
» More
Q2 2013

NOC Guru Trades in Q2 2013

Jean-Marie Eveillard 7,841,213 sh (+29.43%)
Steven Cohen 11,746 sh (+6.13%)
Bill Nygren 1,490,000 sh (+3.47%)
Jim Simons 596,200 sh (+1.6%)
Manning & Napier Advisors, Inc 36,745 sh (+1.16%)
Jeremy Grantham Sold Out
John Burbank Sold Out
Richard Pzena 3,863,605 sh (-6.15%)
HOTCHKIS & WILEY 1,101,209 sh (-9.78%)
Joel Greenblatt 182,935 sh (-20.18%)
Ray Dalio 78,936 sh (-58.11%)
Mario Gabelli 4,338 sh (-63.04%)
Paul Tudor Jones 2,500 sh (-76.64%)
» More
Q3 2013

NOC Guru Trades in Q3 2013

Jeremy Grantham 34,761 sh (New)
Steven Cohen 34,342 sh (+192.37%)
Paul Tudor Jones 4,700 sh (+88%)
Joel Greenblatt 189,161 sh (+3.4%)
Mario Gabelli 4,338 sh (unchged)
Ray Dalio Sold Out
Bill Nygren Sold Out
Manning & Napier Advisors, Inc 36,687 sh (-0.16%)
Jean-Marie Eveillard 7,821,377 sh (-0.25%)
HOTCHKIS & WILEY 1,077,909 sh (-2.12%)
Jim Simons 437,300 sh (-26.65%)
Richard Pzena 890,221 sh (-76.96%)
» More
Q4 2013

NOC Guru Trades in Q4 2013

David Dreman 2,157 sh (New)
Ken Fisher 1,884 sh (New)
Pioneer Investments 26,344 sh (New)
Steven Cohen 312,232 sh (+809.18%)
Jeremy Grantham 67,767 sh (+94.95%)
Paul Tudor Jones 8,675 sh (+84.57%)
Jim Simons 438,700 sh (+0.32%)
Larry Robbins 1,680,000 sh (unchged)
Joel Greenblatt 170,956 sh (-9.62%)
HOTCHKIS & WILEY 912,426 sh (-15.35%)
Mario Gabelli 3,270 sh (-24.62%)
Jean-Marie Eveillard 5,859,023 sh (-25.09%)
Manning & Napier Advisors, Inc 23,351 sh (-36.35%)
Richard Pzena 19,216 sh (-97.84%)
» More
» Details

Insider Trades

Latest Guru Trades with NOC

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Jean-Marie Eveillard 2013-12-31 Reduce -25.09%0.55%$93.08 - $115.32 $ 12214%5859023
David Dreman 2013-12-31 New Buy0.02%$93.08 - $115.32 $ 12214%2157
Mario Gabelli 2013-12-31 Reduce -24.62%$93.08 - $115.32 $ 12214%3270
Ray Dalio 2013-09-30 Sold Out 0.06%$82.17 - $98.75 $ 12232%0
Jean-Marie Eveillard 2013-06-30 Add 29.43%0.45%$69.4 - $83.93 $ 12257%7841213
Joel Greenblatt 2013-06-30 Reduce -20.18%0.17%$69.4 - $83.93 $ 12257%182935
Ray Dalio 2013-06-30 Reduce -58.11%0.07%$69.4 - $83.93 $ 12257%78936
John Burbank 2013-06-30 Sold Out 0.02%$69.4 - $83.93 $ 12257%0
Mario Gabelli 2013-06-30 Reduce -63.04%$69.4 - $83.93 $ 12257%4338
Joel Greenblatt 2013-03-31 Add 82.09%0.37%$64.38 - $70.15 $ 12283%229195
Ray Dalio 2013-03-31 Add 23.48%0.02%$64.38 - $70.15 $ 12283%188436
John Burbank 2013-03-31 New Buy0.02%$64.38 - $70.15 $ 12283%7125
Premium More recent guru trades are included for Premium Members only!!
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Top Ranked Articles about Northrop Grumman Corp

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The third quarter portfolio of Pzena Investment Management LLC, led by Richard Pzena, shows 130 stocks, 13 of them new, and a total value at $15.47 billion. The quarter-over-quarter turnover is 10%. The portfolio is weighted with financial services at 34.3%, consumer cyclical at 11.8% and energy at 8.4%. Guru Richard Pzena has averaged a return of 18.87% over 12 months. Read more...
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Ratios

vs
industry
vs
history
P/E(ttm) 14.40
NOC's P/E(ttm) is ranked higher than
86% of the 222 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 19.50 vs. NOC: 14.40 )
NOC' s 10-Year P/E(ttm) Range
Min: 6.88   Max: 29.22
Current: 14.4

6.88
29.22
P/B 2.40
NOC's P/B is ranked higher than
64% of the 237 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.45 vs. NOC: 2.40 )
NOC' s 10-Year P/B Range
Min: 0.64   Max: 2.7
Current: 2.4

0.64
2.7
P/S 1.20
NOC's P/S is ranked higher than
60% of the 260 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.10 vs. NOC: 1.20 )
NOC' s 10-Year P/S Range
Min: 0.32   Max: 1.2
Current: 1.2

0.32
1.2
PFCF 13.00
NOC's PFCF is ranked higher than
85% of the 147 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 21.45 vs. NOC: 13.00 )
NOC' s 10-Year PFCF Range
Min: 4.71   Max: 34.64
Current: 13

4.71
34.64
EV-to-EBIT 8.70
NOC's EV-to-EBIT is ranked higher than
94% of the 233 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 14.80 vs. NOC: 8.70 )
NOC' s 10-Year EV-to-EBIT Range
Min: 4.7   Max: 21
Current: 8.7

4.7
21
PEG 1.10
NOC's PEG is ranked higher than
79% of the 185 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.57 vs. NOC: 1.10 )
NOC' s 10-Year PEG Range
Min: 0.13   Max: 18.47
Current: 1.1

0.13
18.47
Shiller P/E 22.70
NOC's Shiller P/E is ranked higher than
63% of the 209 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 21.40 vs. NOC: 22.70 )
NOC' s 10-Year Shiller P/E Range
Min: 8.37   Max: 25.2
Current: 22.7

8.37
25.2

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.00
NOC's Dividend Yield is ranked higher than
63% of the 180 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.83 vs. NOC: 2.00 )
NOC' s 10-Year Dividend Yield Range
Min: 1.63   Max: 5.11
Current: 2

1.63
5.11
Dividend Payout 0.29
NOC's Dividend Payout is ranked higher than
68% of the 162 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.30 vs. NOC: 0.29 )
NOC' s 10-Year Dividend Payout Range
Min: 0.19   Max: 1.76
Current: 0.29

0.19
1.76
Dividend growth (3y) 9.00
NOC's Dividend growth (3y) is ranked higher than
79% of the 147 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 10.40 vs. NOC: 9.00 )
NOC' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 18.5
Current: 9

0
18.5
Yield on cost (5-Year) 3.05
NOC's Yield on cost (5-Year) is ranked higher than
71% of the 187 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.16 vs. NOC: 3.05 )
NOC' s 10-Year Yield on cost (5-Year) Range
Min: 2.49   Max: 7.79
Current: 3.05

2.49
7.79
Share Buyback Rate 8.10
NOC's Share Buyback Rate is ranked higher than
97% of the 194 Companies
in the Global Aerospace & Defense industry.

( Industry Median: -0.60 vs. NOC: 8.10 )
NOC' s 10-Year Share Buyback Rate Range
Min: 8.1   Max: -42.3
Current: 8.1

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 1.00
NOC's Price/DCF (Projected) is ranked higher than
86% of the 181 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.30 vs. NOC: 1.00 )
NOC' s 10-Year Price/DCF (Projected) Range
Min: 0.55   Max: 1.56
Current: 1

0.55
1.56
Price/Median PS Value 1.80
NOC's Price/Median PS Value is ranked lower than
56% of the 244 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.10 vs. NOC: 1.80 )
NOC' s 10-Year Price/Median PS Value Range
Min: 0.15   Max: 1.66
Current: 1.8

0.15
1.66
Price/Peter Lynch Fair Value 0.60
NOC's Price/Peter Lynch Fair Value is ranked higher than
86% of the 119 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.10 vs. NOC: 0.60 )
NOC' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.29   Max: 2.96
Current: 0.6

0.29
2.96
Earnings Yield (Greenblatt) 11.50
NOC's Earnings Yield (Greenblatt) is ranked higher than
93% of the 240 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 6.70 vs. NOC: 11.50 )
NOC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4.8   Max: 21.1
Current: 11.5

4.8
21.1
Forward Rate of Return (Yacktman) 73.60
NOC's Forward Rate of Return (Yacktman) is ranked higher than
99% of the 228 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 9.52 vs. NOC: 73.60 )
NOC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -26   Max: 94.8
Current: 73.6

-26
94.8

Business Description

Industry: Aerospace & Defense » Aerospace & Defense
Compare:BA, ERJ, EADSY, RYCEY, HON » details
Traded in other countries:NTH.Germany
Northrop Grumman Corporation was originally formed in California in 1939 and was reincorporated in Delaware in 1985 as Northrop Corporation. The Company is a security company providing innovative 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 worldwide through its four sectors: Aerospace Systems, Electronic Systems, Information Systems and Technical Services. The Company participates in many high-priority defense and government services programs in the United States (U.S.) and abroad. It offers a portfolio of capabilities and technologies that enable it to deliver innovative systems and solutions for applications that range from undersea to outer space and into cyberspace. The Company conducts its business with the U.S. Government, mainly the Department of Defense (DoD) and intelligence community. It also conducts business with local, state, and foreign governments and domestic and international commercial customers. 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 global 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 four business areas: Intelligence, Surveillance, Reconnaissance & Targeting Systems; Land & Self Protection Systems; Naval & Marine Systems; and Navigation 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. Focus areas are in cybersecurity; C4ISR; intelligence processing; air and missile defense; decision support systems; information technology; and systems engineering and integration. 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 many companies in the defense industry and the intelligence and civil markets. Lockheed Martin

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