Northrop Grumman (LTS:0K92) Tax Rate % : 18.50% (As of Dec. 2024)

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What is Northrop Grumman Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Northrop Grumman's Tax Expense for the three months ended in Dec. 2024 was $287 Mil. Northrop Grumman's Pre-Tax Income for the three months ended in Dec. 2024 was $1,551 Mil. Therefore, Northrop Grumman's Tax Rate % for the quarter that ended in Dec. 2024 was 18.50%.

Northrop Grumman Tax Rate % Historical Data

The historical data trend for Northrop Grumman's Tax Rate % 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.

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Northrop Grumman Tax Rate % Chart

Northrop Grumman Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Tax Rate %

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14.46

21.63

16.11

12.36

16.79

Northrop Grumman Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Tax Rate %	Get a 7-Day Free Trial															29.33	16.53	17.98	13.64	18.50

Northrop Grumman Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Northrop Grumman's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2024 )	/	Pre-Tax Income (A: Dec. 2024 )
	=	842	/	5016
	=	16.79 %

Northrop Grumman's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2024 )	/	Pre-Tax Income (Q: Dec. 2024 )
	=	287	/	1551
	=	18.50 %

Northrop Grumman Tax Rate % Related Terms

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Northrop Grumman Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Northrop Grumman Corp (LTS:0K92) » Definitions » Tax Rate %

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Address

2980 Fairview Park Drive, Falls Church, VA, USA, 22042

Website

https://www.northropgrumman.com

Northrop Grumman Corp is a diversified company which is aligned in four operating sectors, which also comprise our reportable segments namely Aeronautics Systems, Defense Systems, Mission Systems and Space Systems. The aerospace segment designs and builds military aircraft, including the F-35, Global Hawk drones, and the B-21 bomber. Defense systems develops artillery, missile systems, and missile defense technologies. Mission systems focuses on radar, navigation, and communication systems, while space systems manufactures satellites, sensors, and rocket motors.

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