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Northrop GrummanNOC -1.07%83 Earnings per Share (Diluted) is $31.45 as of Jun. 2026. GuruFocus rates NOC with a GF Score™ of 83/100 and a GF Value™ of $562.54 (Fairly Valued). The stock has 2 warning signs investors should review. Among 256 Aerospace & Defense companies, Northrop Grumman ranks worse than 65.63% on this metric.
Northrop Grumman's EPS (Basic) for the
three
months ended in Jun. 2026 was $7.70.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Jun. 2026 was $31.53.
During the past 12 months, Northrop Grumman's average EPS without NRIGrowth Rate was 21.90% per year.
During the past 3 years, the average EPS without NRIGrowth Rate was 2.80% per year.
During the past 5 years, the average EPS without NRIGrowth Rate was 1.00% per year.
During the past 10 years, the average EPS without NRIGrowth Rate was 8.20% per year.
During the past 13 years, Northrop Grumman's highest 3-Year average EPS without NRI Growth Rate was 63.90% per year. The lowest was -38.40% per year. And the median was 10.00% per year.
Northrop Grumman (NYSE:NOC) Earnings per Share (Diluted) Explanation
Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.
Be Aware
Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.
If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.
Northrop Grumman Earnings per Share (Diluted) Related Terms
Northrop Grumman Earnings per Share (Diluted) Historical Data
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The historical data trend for Northrop Grumman's Earnings per Share (Diluted) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Northrop Grumman Earnings per Share (Diluted) Chart
NOC vs TDG, HONA, LHX: Earnings per Share (Diluted) Comparison
For the Aerospace & Defense subindustry, Northrop Grumman's PE Ratio, along with its competitors' market caps and PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Northrop Grumman PE Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Northrop Grumman's PE Ratio distribution charts can be found below:
* The bar in red indicates where Northrop Grumman's PE Ratio falls into.
Northrop Grumman Earnings per Share (Diluted) Calculation
Earnings Per Share (EPS) is the amount of earnings per outstanding share of the company's stock. In calculating earnings per share, the dividends of preferred stocks need to subtracted from the total net income first.
Northrop Grumman's Earnings Per Share (Diluted) for the fiscal year that ended in Dec. 2025 is calculated as
Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $31.45
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Companies also reported diluted shares in their financial reports. Diluted shares include the shares of convertibles or warrants outstanding.
What does a Earnings per Share (Diluted) of $31.45 mean?
Northrop Grumman (NOC) has a Earnings per Share (Diluted) of $31.45 as of Jun. 2026. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on Northrop Grumman and its competitors. According to the industry distribution chart, Northrop Grumman ranks #168 out of 256 companies in the Aerospace & Defense industry, placing it in the top 65.6%.
Is Northrop Grumman's Earnings per Share (Diluted) too high?
Northrop Grumman's current Earnings per Share (Diluted) is $31.45. The Aerospace & Defense industry median Earnings per Share (Diluted) is 15.85. Northrop Grumman's value of $31.45 is 98.4% above this industry median. Based on the distribution chart, Northrop Grumman ranks #168 out of 256 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Northrop Grumman has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Northrop Grumman's Earnings per Share (Diluted) compare to TDG and HONA?
According to the Aerospace & Defense industry distribution chart, Northrop Grumman ranks #168 out of 256 companies for Earnings per Share (Diluted). This places Northrop Grumman in the lower half of its industry. The industry median Earnings per Share (Diluted) is 15.85. Northrop Grumman's value of $31.45 is 98.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings per Share (Diluted) for an Aerospace & Defense company?
The median Earnings per Share (Diluted) among Aerospace & Defense companies is 15.85, based on 256 companies in the industry. Companies in the top quartile (top 25%) have a Earnings per Share (Diluted) significantly above this median, while those in the bottom quartile fall well below. However, Earnings per Share (Diluted) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Northrop Grumman's current Earnings per Share (Diluted) of $31.45 is 98.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings per Share (Diluted) mean?
A high Earnings per Share (Diluted) can signal that a stock is expensive relative to its fundamentals. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on Northrop Grumman and its competitors. For the Aerospace & Defense industry, the median Earnings per Share (Diluted) is 15.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northrop Grumman's current Earnings per Share (Diluted) is $31.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northrop Grumman stock overvalued right now?
Based on GuruFocus' analysis, Northrop Grumman (NOC) is currently considered Fairly Valued. The stock's GF Value™ is $562.54, compared to a current price of $582.84 — trading 3.6% above its estimated fair value. The current Earnings per Share (Diluted) is $31.45 and 98.4% above the Aerospace & Defense industry median of 15.85. Northrop Grumman's overall GF Score™ is 83/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings per Share (Diluted) calculated?
Earnings per Share (Diluted) is calculated from a company's financial statements. For Northrop Grumman (NOC), the current Earnings per Share (Diluted) is $31.45 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Northrop Grumman (NOC) Overvalued in 2026?
Based on GuruFocus' analysis, Northrop Grumman stock appears to be overvalued.
The current stock price of $582.84 is trading 3.6% above its estimated GF Value™ of $562.54.
GuruFocus considers Northrop Grumman to be Fairly Valued.
Key valuation signals for NOC:
Earnings per Share (Diluted): $31.45
GF Value™: $562.54 vs. price of $582.84 (3.6% above fair value)
Industry Position: 98.4% above the Aerospace & Defense median (#168 of 256)
No single metric tells the full story. See the NOC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northrop Grumman is a diversified defense contractor providing aeronautics, defense, and space systems. The company's aerospace segment produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber, creates the fuselage for the massive F-35 program, and maintains and upgrades numerous other military aircraft. Defense systems makes artillery and missile ammunition and guidance systems, long-range missiles, and missile defense systems. Mission systems creates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Space systems produces satellites, sensors, space structures, and rocket motors.
83GF Score
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