Northrop Grumman Corporation (NOC)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	36,984,000	36,878,000	36,618,000	36,004,000	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
Revenue (ttm)	US$ in thousands	41,033,000	40,985,000	40,764,000	40,122,000	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
Gross profit margin		90.13%	89.98%	89.83%	89.74%	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%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $36,984,000K ÷ $41,033,000K
= 90.13%

Northrop Grumman Corporation's gross profit margin has shown a relatively stable trend from March 31, 2020, to December 31, 2021, fluctuating within a narrow range between 92.99% and 93.27%. However, there was a noticeable decline in the gross profit margin in the following quarters, with a more significant drop observed from December 31, 2021, to June 30, 2022, during which the margin decreased to 86.10%.

After this decline, there was a gradual but not substantial recovery observed in the gross profit margin from June 30, 2022, to December 31, 2024, as the margin increased from 86.10% to 90.13%. Overall, the gross profit margin for Northrop Grumman Corporation improved during the latter part of the period under review, indicating better cost management or pricing strategies that resulted in higher profits relative to sales.