Wall Street analyst estimates for Northrop Grumman Corporation (NOC): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
Northrop Grumman Corporation is a leading global player in the aerospace and defense sectors. Its Aeronautics Systems division is responsible for the full lifecycle of aircraft, from design and development to production, integration, and ongoing maintenance.
Consensus price target
$616.62 (+12% vs price $550.30)
between $430.00 and $745.00 · 15 targets published in the last quarter
Closing price, Nov 3
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $44.1B | $43.9B – $44.2B | $29.67 | 15 |
| 2027E | $46.9B | $45.9B – $48.0B | $29.86 | 17 |
| 2028E | $50.2B | $47.7B – $51.3B | $32.57 | 18 |
Figures in USD · consensus as of November 1, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 19 |
| Hold | 15 |
| Sell | 1 |
| Strong Sell | 0 |
| Total analysts | 35 |
| Avg rating (−2 sell to +2 buy) | 0.51 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2027-01-26 | $7.94 | ||
| 2026-10-20 | $7.89 | $7.18 | +9.9% |
| 2026-07-21 | $7.68 | $6.82 | +12.6% |
| 2026-04-21 | $6.14 | $6.06 | +1.3% |
| 2026-01-27 | $7.23 | $6.98 | +3.6% |
| 2025-10-21 | $7.67 | $6.44 | +19.1% |
| 2025-07-22 | $7.11 | $6.92 | +2.7% |
| 2025-04-22 | $3.32 | $6.24 | -46.8% |
Valuation Ratios
| P/E Ratio | 17.36 |
| Price / Book | 4.22 |
| Dividend Yield | 1.72% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.51B | $25.80B | $30.09B | $33.84B | $36.80B | $35.67B | $36.60B | $39.29B | $41.03B | $41.95B |
| Cost of Revenue | $18.73B | $19.85B | $23.30B | $26.58B | $29.32B | $28.40B | $29.13B | $32.74B | $32.67B | $33.64B |
| Gross Profit | $5.78B | $5.95B | $6.79B | $7.26B | $7.48B | $7.27B | $7.47B | $6.55B | $8.36B | $8.31B |
| Research & Development | $705.0M | $639.0M | $764.0M | $953.0M | 0 | $1.10B | $1.20B | $1.20B | $1.10B | $1.10B |
| Selling, General & Admin | $2.97B | $1.48B | $2.62B | $4.29B | $3.25B | $227.0M | $1.14B | $3.91B | $2.89B | $4.03B |
| Operating Expenses | $2.63B | $2.71B | $3.04B | $3.29B | $3.41B | $1.62B | $3.87B | $4.01B | $3.99B | $4.03B |
| Operating Income | $3.19B | $3.30B | $3.78B | $3.97B | $4.07B | $5.65B | $3.60B | $2.54B | $4.37B | $4.28B |
| EBITDA | $3.39B | $4.93B | $5.10B | $4.23B | $5.59B | $8.73B | $7.68B | $4.23B | $6.84B | $7.21B |
| Interest Expense | $301.0M | $360.0M | $562.0M | $528.0M | $593.0M | $556.0M | $506.0M | $545.0M | $621.0M | $665.0M |
| Pre-tax Income | $2.92B | $3.05B | $3.74B | $2.55B | $3.73B | $8.94B | $5.84B | $2.35B | $5.02B | $5.07B |
| Income Tax | $723.0M | $1.03B | $513.0M | $300.0M | $539.0M | $1.93B | $940.0M | $290.0M | $842.0M | $886.0M |
| Net Income | $2.20B | $2.02B | $3.23B | $2.25B | $3.19B | $7.00B | $4.90B | $2.06B | $4.17B | $4.18B |
| EPS | $12.30 | $11.55 | $18.59 | $13.28 | $19.08 | $43.70 | $31.61 | $13.57 | $28.39 | $29.14 |
| EPS (Diluted) | $12.19 | $11.47 | $18.49 | $13.22 | $19.03 | $43.54 | $31.47 | $13.53 | $28.34 | $29.08 |
| Shares Outstanding (Diluted) | 180.5 M | 175.6 M | 174.6 M | 170.0 M | 167.6 M | 160.9 M | 155.6 M | 152.0 M | 147.3 M | 143.8 M |
Price
| Price | $550.30 (closing price, November 3, 2026) |
| Market Cap | $78.2B |
| Exchange | NYSE |
| Country | US |
Related companies: RTX · BA · LMT · GD · LHX · HII
Explore sector: Industrials · Aerospace & Defense
More sections of NOC: Overview · Financials · Valuation · Technical · Ownership
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