Northrop Income Tax Expense vs Operating Margin Analysis

NOC Stock

USD 470.98 8.40 1.82%

Northrop Grumman financial indicator trend analysis is infinitely more than just investigating Northrop Grumman recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northrop Grumman is a good investment. Please check the relationship between Northrop Grumman Income Tax Expense and its Operating Profit Margin accounts. 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.

Income Tax Expense vs Operating Profit Margin

Income Tax Expense vs Operating Margin Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northrop Grumman Income Tax Expense account and Operating Margin. At this time, the significance of the direction appears to have strong relationship.

The correlation between Northrop Grumman's Income Tax Expense and Operating Margin is 0.76. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Operating Margin in the same time period over historical financial statements of Northrop Grumman, assuming nothing else is changed. The correlation between historical values of Northrop Grumman's Income Tax Expense and Operating Margin is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Northrop Grumman are associated (or correlated) with its Operating Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Margin has no effect on the direction of Income Tax Expense i.e., Northrop Grumman's Income Tax Expense and Operating Margin go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Income Tax Expense

Operating Profit Margin

Most indicators from Northrop Grumman's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 20.73, whereas Selling General Administrative is forecasted to decline to about 3 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

Gross Profit Total Revenue

Northrop Grumman fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Common Stock	Other Liab	Other Assets
Total Assets		0.82	0.79	0.78	0.8	0.7	0.71	0.59	0.3	0.98	0.86	0.3	0.82	-0.05	0.84	0.61	0.57	0.06	0.86	0.88	0.27	0.92	-0.19	-0.74	0.36	0.12
Short Long Term Debt Total	0.82		0.75	0.89	0.57	0.88	0.9	0.56	0.24	0.78	0.76	0.24	0.94	-0.27	0.93	0.55	0.68	-0.04	0.96	0.76	0.47	0.77	-0.43	-0.61	0.3	-0.05
Other Current Liab	0.79	0.75		0.77	0.77	0.8	0.74	0.42	0.08	0.77	0.68	0.08	0.82	-0.18	0.64	0.48	0.71	0.38	0.71	0.69	-0.1	0.76	-0.41	-0.4	0.05	0.05
Total Current Liabilities	0.78	0.89	0.77		0.76	0.96	0.88	0.74	0.04	0.79	0.87	0.04	0.96	-0.03	0.8	0.79	0.79	0.17	0.9	0.63	0.51	0.77	-0.29	-0.67	0.18	0.15
Total Stockholder Equity	0.8	0.57	0.77	0.76		0.67	0.52	0.73	0.15	0.8	0.88	0.15	0.69	0.19	0.48	0.73	0.61	0.41	0.59	0.68	0.11	0.76	0.03	-0.62	-0.06	0.18
Property Plant And Equipment Net	0.7	0.88	0.8	0.96	0.67		0.93	0.59	-0.11	0.73	0.77	-0.11	0.96	-0.27	0.73	0.67	0.78	0.18	0.84	0.52	0.42	0.72	-0.42	-0.46	0.05	0.14
Net Debt	0.71	0.9	0.74	0.88	0.52	0.93		0.4	-0.2	0.77	0.68	-0.2	0.96	-0.38	0.8	0.49	0.68	0.07	0.87	0.48	0.44	0.76	-0.51	-0.45	0.2	0.05
Retained Earnings	0.59	0.56	0.42	0.74	0.73	0.59	0.4		0.31	0.56	0.88	0.31	0.58	0.36	0.53	0.86	0.52	-0.08	0.63	0.56	0.44	0.51	0.13	-0.81	0.17	0.41
Cash	0.3	0.24	0.08	0.04	0.15	-0.11	-0.2	0.31		0.09	0.22	1.0	-0.03	0.2	0.31	0.12	-0.01	-0.25	0.23	0.68	0.04	0.09	0.15	-0.36	0.22	-0.21
Non Current Assets Total	0.98	0.78	0.77	0.79	0.8	0.73	0.77	0.56	0.09		0.85	0.09	0.84	-0.07	0.81	0.61	0.55	0.09	0.84	0.76	0.29	0.95	-0.21	-0.73	0.35	0.2
Non Currrent Assets Other	0.86	0.76	0.68	0.87	0.88	0.77	0.68	0.88	0.22	0.85		0.22	0.81	0.06	0.71	0.81	0.59	0.02	0.8	0.74	0.41	0.82	-0.06	-0.79	0.14	0.29
Cash And Short Term Investments	0.3	0.24	0.08	0.04	0.15	-0.11	-0.2	0.31	1.0	0.09	0.22		-0.03	0.2	0.31	0.12	-0.01	-0.25	0.23	0.68	0.04	0.09	0.15	-0.36	0.22	-0.21
Net Receivables	0.82	0.94	0.82	0.96	0.69	0.96	0.96	0.58	-0.03	0.84	0.81	-0.03		-0.19	0.85	0.62	0.73	0.16	0.93	0.63	0.42	0.85	-0.4	-0.6	0.23	0.08
Common Stock Shares Outstanding	-0.05	-0.27	-0.18	-0.03	0.19	-0.27	-0.38	0.36	0.2	-0.07	0.06	0.2	-0.19		-0.1	0.27	0.01	0.28	-0.08	-0.02	0.0	-0.12	0.5	-0.46	0.31	0.08
Non Current Liabilities Total	0.84	0.93	0.64	0.8	0.48	0.73	0.8	0.53	0.31	0.81	0.71	0.31	0.85	-0.1		0.5	0.59	-0.16	0.98	0.77	0.5	0.76	-0.32	-0.75	0.61	0.04
Inventory	0.61	0.55	0.48	0.79	0.73	0.67	0.49	0.86	0.12	0.61	0.81	0.12	0.62	0.27	0.5		0.55	0.05	0.62	0.49	0.45	0.57	-0.19	-0.71	0.1	0.47
Other Current Assets	0.57	0.68	0.71	0.79	0.61	0.78	0.68	0.52	-0.01	0.55	0.59	-0.01	0.73	0.01	0.59	0.55		0.35	0.68	0.5	0.32	0.4	-0.13	-0.4	0.14	-0.01
Other Stockholder Equity	0.06	-0.04	0.38	0.17	0.41	0.18	0.07	-0.08	-0.25	0.09	0.02	-0.25	0.16	0.28	-0.16	0.05	0.35		-0.05	-0.02	-0.27	0.1	0.09	0.15	-0.32	-0.32
Total Liab	0.86	0.96	0.71	0.9	0.59	0.84	0.87	0.63	0.23	0.84	0.8	0.23	0.93	-0.08	0.98	0.62	0.68	-0.05		0.76	0.52	0.8	-0.32	-0.76	0.5	0.08
Total Current Assets	0.88	0.76	0.69	0.63	0.68	0.52	0.48	0.56	0.68	0.76	0.74	0.68	0.63	-0.02	0.77	0.49	0.5	-0.02	0.76		0.19	0.71	-0.12	-0.65	0.3	-0.07
Short Term Debt	0.27	0.47	-0.1	0.51	0.11	0.42	0.44	0.44	0.04	0.29	0.41	0.04	0.42	0.0	0.5	0.45	0.32	-0.27	0.52	0.19		0.24	0.06	-0.45	0.3	-0.01
Accounts Payable	0.92	0.77	0.76	0.77	0.76	0.72	0.76	0.51	0.09	0.95	0.82	0.09	0.85	-0.12	0.76	0.57	0.4	0.1	0.8	0.71	0.24		-0.31	-0.66	0.25	0.15
Intangible Assets	-0.19	-0.43	-0.41	-0.29	0.03	-0.42	-0.51	0.13	0.15	-0.21	-0.06	0.15	-0.4	0.5	-0.32	-0.19	-0.13	0.09	-0.32	-0.12	0.06	-0.31		-0.06	0.08	0.01
Common Stock	-0.74	-0.61	-0.4	-0.67	-0.62	-0.46	-0.45	-0.81	-0.36	-0.73	-0.79	-0.36	-0.6	-0.46	-0.75	-0.71	-0.4	0.15	-0.76	-0.65	-0.45	-0.66	-0.06		-0.61	-0.29
Other Liab	0.36	0.3	0.05	0.18	-0.06	0.05	0.2	0.17	0.22	0.35	0.14	0.22	0.23	0.31	0.61	0.1	0.14	-0.32	0.5	0.3	0.3	0.25	0.08	-0.61		0.2
Other Assets	0.12	-0.05	0.05	0.15	0.18	0.14	0.05	0.41	-0.21	0.2	0.29	-0.21	0.08	0.08	0.04	0.47	-0.01	-0.32	0.08	-0.07	-0.01	0.15	0.01	-0.29	0.2

Click cells to compare fundamentals

Northrop Grumman Account Relationship Matchups

Northrop Grumman fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	41.1B	44.5B	42.6B	43.8B	46.5B	24.1B
Short Long Term Debt Total	14.1B	16.3B	14.4B	14.7B	15.7B	16.5B
Other Current Liab	3.1B	4.5B	4.3B	4.3B	3.4B	2.7B
Total Current Liabilities	9.4B	9.6B	9.5B	11.6B	11.9B	12.5B
Total Stockholder Equity	8.8B	10.6B	12.9B	15.3B	14.8B	8.4B
Property Plant And Equipment Net	8.4B	8.6B	9.5B	10.6B	11.5B	12.0B
Net Debt	11.8B	11.4B	10.8B	12.1B	12.6B	13.2B
Retained Earnings	8.7B	10.5B	12.9B	15.3B	14.8B	15.5B
Cash	2.2B	4.9B	3.5B	2.6B	3.1B	1.9B
Non Current Assets Total	30.4B	29.1B	30.2B	31.3B	32.8B	16.9B
Non Currrent Assets Other	1.4B	1.5B	1.9B	2.3B	2.2B	1.6B
Cash And Short Term Investments	2.2B	4.9B	3.5B	2.6B	3.1B	1.9B
Net Receivables	6.7B	6.6B	7.0B	7.5B	7.1B	7.5B
Common Stock Shares Outstanding	170M	167.6M	160.9M	155.6M	152M	210.0M
Liabilities And Stockholders Equity	41.1B	44.5B	42.6B	43.8B	46.5B	24.1B
Non Current Liabilities Total	22.8B	24.3B	20.1B	16.9B	19.8B	20.8B
Inventory	783M	759M	811M	978M	1.1B	969.9M
Other Current Assets	997M	3.0B	1.1B	1.4B	2.3B	2.5B
Other Stockholder Equity	(97M)	58M	(143M)	(153M)	(137.7M)	(130.8M)
Total Liab	32.3B	33.9B	29.7B	28.4B	31.7B	33.3B
Total Current Assets	10.7B	15.3B	12.4B	12.5B	13.7B	7.2B
Short Term Debt	1.9B	742M	6M	1.1B	2.3B	2.4B
Accounts Payable	2.2B	1.8B	2.2B	2.6B	2.1B	1.4B
Intangible Assets	1.0B	783M	578M	384M	305M	289.8M
Accumulated Other Comprehensive Income	(52M)	(97M)	(128M)	(143M)	(153M)	(134.4M)
Common Stock	168M	167M	156M	153M	150M	142.5M
Other Liab	8.8B	8.7B	5.8B	3.2B	3.7B	6.2B
Other Assets	1.9B	1.8B	2.5B	2.4B	2.2B	2.0B
Long Term Debt	12.8B	14.3B	12.8B	11.8B	13.8B	8.2B
Good Will	18.7B	17.5B	17.5B	17.5B	17.5B	15.0B
Property Plant Equipment	6.9B	7.1B	7.9B	8.8B	10.1B	10.6B
Current Deferred Revenue	2.2B	2.5B	3.0B	3.6B	4.2B	4.4B
Common Stock Total Equity	168M	167M	156M	153M	137.7M	130.8M
Property Plant And Equipment Gross	8.4B	8.6B	16.4B	17.9B	19.4B	20.4B
Net Tangible Assets	(10.9B)	(7.7B)	12.3B	(2.6B)	(2.3B)	(2.4B)
Retained Earnings Total Equity	8.7B	10.5B	12.9B	15.3B	17.6B	10.8B
Long Term Debt Total	12.8B	14.3B	12.8B	11.8B	13.6B	9.9B
Deferred Long Term Liab	317M	319M	490M	132M	151.8M	117.6M
Non Current Liabilities Other	10.1B	10.0B	6.9B	4.9B	2.8B	2.7B

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

When determining whether Northrop Grumman offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Northrop Grumman's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Northrop Grumman Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Northrop Grumman Stock:

How To Invest In Northrop

Details

Is Northrop Stock a good investment?

Details

What is Northrop Grumman's Net Worth?

Details

Largest Aerospace & Defense Companies

View

Largest Industrials Companies

View

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.

You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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.

	ETFs Find actively traded Exchange Traded Funds (ETF) from around the world
	Volatility Analysis Get historical volatility and risk analysis based on latest market data
	Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios
	USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA
	Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
	Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences
	Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
	Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios.
	Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios
	Share Portfolio Track or share privately all of your investments from the convenience of any device
	Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities

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

13.52

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Northrop Income Tax Expense vs Operating Margin Analysis

Income Tax Expense vs Operating Profit Margin

Income Tax Expense vs Operating Margin Correlation Analysis

Correlation Coefficient

Income Tax Expense

Operating Profit Margin

Northrop Grumman fundamental ratios Correlations

Northrop Grumman Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Northrop Grumman fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Northrop Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.98	Total Assets
Total Liab	+ 0.98	Non Current Liabilities Total
Total Liab	+ 0.96	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.96	Total Current Liabilities
Net Receivables	+ 0.96	Total Current Liabilities

Common Stock	- 0.81	Retained Earnings
Common Stock	- 0.79	Non Currrent Assets Other
Common Stock	- 0.76	Total Liab
Common Stock	- 0.75	Non Current Liabilities Total
Common Stock	- 0.74	Total Assets
Common Stock	- 0.73	Non Current Assets Total