Northrop Grumman (NOC) 10-K Summary — Year Ended Dec 31, 2024
Northrop Grumman Corporation filed its annual Form 10-K for the most recent fiscal year. The filing provides an overview of the company's business, financial results, risk factors, and liquidity.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
Northrop Grumman Corporation filed its annual Form 10-K for the most recent fiscal year. The filing provides an overview of the company's business, financial results, risk factors, and liquidity.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$41B
Revenue reported for the fiscal year.
Operating income
$4.4B
Income from operations reported for the year.
Net income
$4.2B
Net income reported for the year.
Operating cash flow
$4.4B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $35.7B | n/a |
| Dec 31, 2022 | $36.6B | +2.6% |
| Dec 31, 2023 | $39.3B | +7.3% |
| Dec 31, 2024 | $41B | +4.4% |
Business overview
The business overview describes the company's operations in the defense and aerospace sectors. Details are provided in Item 1 of the filing.
Financial performance
Revenue increased compared to the prior year. Operating income and net income were reported, and the company generated operating cash flow.
Material risks
The filing identifies material risk factors including those related to contracts, operations, and external conditions. These risks are detailed in Item 1A.
Liquidity and capital
The liquidity and capital resources section discusses cash flows, capital expenditures, and financing activities. The company maintains a strong liquidity position.
What to watch
Investors should monitor the company's backlog and contract awards in the next filing, as they indicate future revenue.