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Northrop Grumman's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2024 was $1,711 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was $5,637 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Northrop Grumman's annualized ROC % for the quarter that ended in Dec. 2024 was 7.79%. Northrop Grumman's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 56.65%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Northrop Grumman's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 6.97%.
The historical data trend for Northrop Grumman's EBIT 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 Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
EBIT | Get a 7-Day Free Trial |
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4,321.00 | 9,494.00 | 6,342.00 | 2,891.00 | 5,637.00 |
Northrop Grumman Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
EBIT | Get a 7-Day Free Trial |
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-629.00 | 1,277.00 | 1,300.00 | 1,349.00 | 1,711.00 |
For the Aerospace & Defense subindustry, Northrop Grumman's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.
For the Aerospace & Defense industry and Industrials sector, Northrop Grumman's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Northrop Grumman's EV-to-EBIT falls into.
EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.
EBIT for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,637 Mil.
* 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 (NYSE:NOC) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Northrop Grumman's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:
ROC % (Q: Dec. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Sep. 2024 ) | + | Invested Capital (Q: Dec. 2024 )) | / count ) |
= | 4356 * ( 1 - 18.5% ) | / | ( (44540 | + | 46614) | / 2 ) |
= | 3550.14 | / | 45577 | |||
= | 7.79 % |
where
Invested Capital | (Q: Sep. 2024 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 48289 | - | 2518 | - | ( 3326 | - | max(0, 13101 | - | 14332 | + | 3326 | )) |
= | 44540 |
Invested Capital | (Q: Dec. 2024 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 49359 | - | 2599 | - | ( 4353 | - | max(0, 14128 | - | 14274 | + | 4353 | )) |
= | 46614 |
Note: The Operating Income data used here is four times the quarterly (Dec. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
Northrop Grumman's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:
ROC (Joel Greenblatt) % | (Q: Dec. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Sep. 2024 | Q: Dec. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 6844 | / | ( ( (11857 + max(-8613, 0)) | + | (12306 + max(-10115, 0)) ) | / | 2 ) |
= | 6844 | / | ( ( 11857 | + | 12306 ) | / | 2 ) |
= | 6844 | / | 12081.5 | ||||
= | 56.65 % |
where Working Capital is:
Working Capital | (Q: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (1609 | + | 1646 | + | 1233) | - | (2518 | + | 3157 | + | 7426) |
= | -8613 |
Working Capital | (Q: Dec. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (1272 | + | 1455 | + | 1286) | - | (2599 | + | 4070 | + | 7459) |
= | -10115 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Northrop Grumman's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Dec. 2024 ) |
= | 5637 | / | 80910.414 | |
= | 6.97 % |
* 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.
Thank you for viewing the detailed overview of Northrop Grumman's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Welsh Mark A Iii | director | 6020 AUGUSTA CIRCLE, COLLEGE STATION TX 77845 |
Thomas H Jones | officer: CVP & Pres Aeronautics Systems | 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042 |
Roshan S Roeder | officer: CVP & Pres. Defense Systems | 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042 |
Kathryn G Simpson | officer: Corp VP & General Counsel | 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042 |
Michael A Hardesty | officer: Corp VP, Controller & CAO | 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042 |
Mark A Caylor | officer: Corp VP & Pres ESS | 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042 |
Robert J. Fleming | officer: CVP and Pres. Space Systems | 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042 |
Mary A Winston | director | 557 BROADWAY, C/O SCHOLASTIC CORP, NEW YORK NY 10012 |
Kimberly A. Ross | director | C/O AVON PRODUCTS,INC., 1345 AVENUE OF THE AMERICAS`, NEW YORK NY 10105-0196 |
David T Perry | officer: CVP Chief Global Bus Dev Off | 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042 |
Lucy C Ryan | officer: Corp VP, Communications | 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042 |
Mary D Petryszyn | officer: CVP, Pres, Defense Systems | 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042 |
Sheila C. Cheston | officer: Corp. VP & General Counsel | C/O NORTHROP GRUMMAN CORPORATION, 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042 |
Stephen F. O'bryan | officer: CVP Global Bus Dev Officer | 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042 |
Arvind Krishna | director | IBM CORPORATION, ONE NEW ORCHARD RD, ARMONK NY 10504-1722 |
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