Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Northrop Grumman's retained earnings for the quarter that ended in Mar. 2026 was MXN308,287 Mil.
Northrop Grumman's quarterly retained earnings
increased
from Sep. 2025 (MXN292,920 Mil) to Dec. 2025 (MXN299,939 Mil) and
increased
from Dec. 2025 (MXN299,939 Mil) to Mar. 2026 (MXN308,287 Mil).
Northrop Grumman's annual retained earnings
increased
from Dec. 2023 (MXN250,761 Mil) to Dec. 2024 (MXN319,030 Mil) but then
declined
from Dec. 2024 (MXN319,030 Mil) to Dec. 2025 (MXN299,939 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Northrop Grumman Retained Earnings Historical Data
* Premium members only.
The historical data trend for Northrop Grumman's Retained Earnings 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.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of MXN308,287 Mil mean?
Northrop Grumman (MEX:NOC) has a Retained Earnings of MXN308,287 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Northrop Grumman and its competitors.
Is Northrop Grumman's Retained Earnings too high?
Northrop Grumman's current Retained Earnings is MXN308,287 Mil. Overall, Northrop Grumman has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does Northrop Grumman's Retained Earnings compare to HONAV and TDG?
Northrop Grumman's Retained Earnings of MXN308,287 Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Aerospace & Defense company?
A good Retained Earnings depends on the Aerospace & Defense industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Northrop Grumman and its competitors. Northrop Grumman's current Retained Earnings is MXN308,287 Mil. 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?
Northrop Grumman (MEX:NOC) has a current Retained Earnings of MXN308,287 Mil. The stock's GF Value™ is MXN10,104.38, compared to a current price of MXN9,415.00 — trading 6.8% below its estimated fair value. The current Retained Earnings is MXN308,287 Mil. Northrop Grumman's overall GF Score™ is 87/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Northrop Grumman (MEX:NOC), the current Retained Earnings is MXN308,287 Mil as of Mar. 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 (MEX:NOC) Overvalued in 2026?
Based on GuruFocus' analysis, Northrop Grumman stock appears to be undervalued.
The current stock price of MXN9,415.00 is trading 6.8% below its estimated GF Value™ of MXN10,104.38.
Key valuation signals for MEX:NOC:
Retained Earnings: MXN308,287 Mil
GF Value™: MXN10,104.38 vs. price of MXN9,415.00 (6.8% below fair value)
No single metric tells the full story. See the MEX: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.
87GF Score
Get the complete analysis for MEX:NOC
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:NOC has been successfully added to your 
