Northrop Grumman Corporation (NOC)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 36,984,000 | 35,196,000 | 32,487,000 | 30,893,000 | 32,119,000 |
| Revenue | US$ in thousands | 41,033,000 | 39,290,000 | 36,602,000 | 35,667,000 | 36,799,000 |
| Gross profit margin | 90.13% | 89.58% | 88.76% | 86.62% | 87.28% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $36,984,000K ÷ $41,033,000K
= 90.13%
Northrop Grumman Corporation's gross profit margin has shown a positive trend over the five-year period from 2020 to 2024, indicating the company's ability to efficiently manage its production costs and generate profits from its core business operations.
The gross profit margin increased steadily from 87.28% in December 2020 to 90.13% in December 2024. This upward trajectory suggests improvements in the company's pricing strategies, cost control measures, or operational efficiencies.
The consistently high gross profit margin levels of above 86% demonstrate Northrop Grumman's strong competitive position in its industry, as well as its ability to effectively convert sales into gross profits after accounting for the cost of goods sold.
Overall, the increasing trend in Northrop Grumman Corporation's gross profit margin reflects positively on the company's financial health and operational effectiveness during the analyzed period.
Peer comparison
Dec 31, 2024