Northrop Grumman Corporation (NOC)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	35,196,000	34,389,000	33,636,000	32,929,000	32,487,000	30,267,000	30,099,000	30,455,000	30,893,000	34,452,000	34,851,000	34,751,000	34,324,000	32,833,000	32,304,000	31,924,000	31,521,000	30,956,000	30,436,000	23,540,000
Revenue (ttm)	US$ in thousands	39,290,000	38,685,000	37,881,000	37,106,000	36,602,000	35,208,000	34,957,000	35,307,000	35,667,000	37,240,000	37,603,000	37,336,000	36,799,000	35,308,000	34,700,000	34,272,000	33,841,000	33,276,000	32,886,000	31,549,000
Gross profit margin		89.58%	88.89%	88.79%	88.74%	88.76%	85.97%	86.10%	86.26%	86.62%	92.51%	92.68%	93.08%	93.27%	92.99%	93.10%	93.15%	93.14%	93.03%	92.55%	74.61%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $35,196,000K ÷ $39,290,000K
= 89.58%

The gross profit margin of Northrop Grumman Corp. experienced a decline in the most recent quarter, standing at 16.67% as of December 31, 2023, compared to 20.40% in the previous quarter ending September 30, 2023. This decline was preceded by marginal fluctuations in the gross profit margin over the preceding quarters, hovering around 20%. The gradual decrease in the gross profit margin may indicate factors such as changes in the cost of goods sold, pricing strategies, or production efficiencies. It would be prudent to further investigate the underlying reasons for this trend to assess its potential impact on the company's overall profitability and financial performance.