Northrop Historical Income Statement
| NOC Stock | USD 452.50 0.45 0.1% |
Historical analysis of Northrop Grumman income statement accounts such as Gross Profit of 41.3 B can show how well Northrop Grumman performed in making a profits. Evaluating Northrop Grumman income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Northrop Grumman's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Northrop Grumman latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Northrop Grumman is a good buy for the upcoming year.
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About Northrop Income Statement Analysis
Northrop Grumman Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Northrop Grumman shareholders. The income statement also shows Northrop investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Northrop Grumman Income Statement Chart
Northrop Grumman Income Statement is one of the three primary financial statements used for reporting Northrop's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Northrop Grumman revenue and expense. Northrop Grumman Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Northrop Grumman's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Gross Profit is expected to grow to about 41.3 B, whereas Total Revenue is forecasted to decline to about 21.7 B. Add Fundamental
Total Revenue
Total revenue comprises all receipts Northrop Grumman generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Northrop Grumman minus its cost of goods sold. It is profit before Northrop Grumman operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Northrop Grumman. It is also known as Northrop Grumman overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Northrop Grumman operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Northrop Grumman is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from Northrop Grumman's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Northrop Grumman current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northrop Grumman. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For information on how to trade Northrop Stock refer to our How to Trade Northrop Stock guide.At present, Northrop Grumman's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Gross Profit is expected to grow to about 41.3 B, whereas Total Revenue is forecasted to decline to about 21.7 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 7.3B | 7.5B | 39.3B | 41.3B | Total Revenue | 35.7B | 36.6B | 39.3B | 21.7B |
Northrop Grumman income statement Correlations
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Northrop Grumman Account Relationship Matchups
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Northrop Grumman income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 1.0B | 1.5B | 3.1B | 1.3B | 1.3B | 1.4B | |
| Interest Expense | 528M | 593M | 556M | 506M | 545M | 572.3M | |
| Total Revenue | 33.8B | 36.8B | 35.7B | 36.6B | 39.3B | 21.7B | |
| Gross Profit | 7.3B | 7.5B | 7.3B | 7.5B | 39.3B | 41.3B | |
| Other Operating Expenses | 29.9B | 32.7B | 32.0B | 33.0B | 36.8B | 19.7B | |
| Ebit | 3.1B | 4.1B | 5.7B | 6.3B | 2.5B | 2.2B | |
| Ebitda | 4.1B | 5.6B | 8.8B | 7.7B | 2.5B | 2.8B | |
| Cost Of Revenue | 26.6B | 29.3B | 28.4B | 29.1B | 30.8B | 17.3B | |
| Total Operating Expenses | 3.3B | 3.4B | 3.6B | 3.9B | 4.0B | 3.0B | |
| Income Before Tax | 2.5B | 3.7B | 8.9B | 5.8B | 2.3B | 1.9B | |
| Total Other Income Expense Net | (528M) | (337M) | 3.3B | (506M) | (191M) | (181.5M) | |
| Net Income | 2.2B | 3.2B | 7.0B | 4.9B | 2.1B | 1.4B | |
| Income Tax Expense | 300M | 539M | 1.9B | 940M | 290M | 515.8M | |
| Selling General Administrative | 3.3B | 3.4B | 3.6B | 3.9B | 4.0B | 3.0B | |
| Research Development | 764M | 953M | 1.1B | 1.2B | 1.4B | 726.6M | |
| Net Income Applicable To Common Shares | 2.2B | 3.2B | 7.0B | 4.9B | 5.6B | 5.9B | |
| Net Income From Continuing Ops | 2.2B | 3.1B | 7.0B | 4.9B | 4.7B | 3.0B | |
| Non Operating Income Net Other | 107M | 92M | 19M | 4M | 4.6M | 4.4M | |
| Tax Provision | 300M | 539M | 1.9B | 940M | 884M | 937.0M | |
| Interest Income | 528M | 593M | 556M | 506M | 581.9M | 509.7M | |
| Net Interest Income | (528M) | (593M) | (556M) | (506M) | (537M) | (563.9M) | |
| Reconciled Depreciation | 1.0B | 1.3B | 1.2B | 1.3B | 1.3B | 1.2B |
Northrop Grumman Investors Sentiment
The influence of Northrop Grumman's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Northrop. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Northrop Grumman's public news can be used to forecast risks associated with an investment in Northrop. The trend in average sentiment can be used to explain how an investor holding Northrop can time the market purely based on public headlines and social activities around Northrop Grumman. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Northrop Grumman's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Northrop Grumman's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Northrop Grumman's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Northrop Grumman.
Northrop Grumman Implied Volatility | 28.01 |
Northrop Grumman's implied volatility exposes the market's sentiment of Northrop Grumman stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Northrop Grumman's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Northrop Grumman stock will not fluctuate a lot when Northrop Grumman's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Northrop Grumman in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Northrop Grumman's short interest history, or implied volatility extrapolated from Northrop Grumman options trading.
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Complementary Tools for Northrop Stock analysis
When running Northrop Grumman's price analysis, check to measure Northrop Grumman's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Northrop Grumman is operating at the current time. Most of Northrop Grumman's value examination focuses on studying past and present price action to predict the probability of Northrop Grumman's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northrop Grumman's price. Additionally, you may evaluate how the addition of Northrop Grumman to your portfolios can decrease your overall portfolio volatility.
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Is Northrop Grumman's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Northrop Grumman. If investors know Northrop will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Northrop Grumman listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.049 | Dividend Share 7.34 | Earnings Share 13.53 | Revenue Per Share 259.34 | Quarterly Revenue Growth 0.06 |
The market value of Northrop Grumman is measured differently than its book value, which is the value of Northrop that is recorded on the company's balance sheet. Investors also form their own opinion of Northrop Grumman's value that differs from its market value or its book value, called intrinsic value, which is Northrop Grumman's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Northrop Grumman's market value can be influenced by many factors that don't directly affect Northrop Grumman's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Northrop Grumman's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northrop Grumman is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northrop Grumman's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.