Northrop Grumman Corporation (NOC)

Net profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income US$ in thousands 2,056,000 4,896,000 7,005,000 3,189,000 2,248,000
Revenue US$ in thousands 39,290,000 36,602,000 35,667,000 36,799,000 33,841,000
Net profit margin 5.23% 13.38% 19.64% 8.67% 6.64%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $2,056,000K ÷ $39,290,000K
= 5.23%

The net profit margin of Northrop Grumman Corp. has fluctuated over the past five years. In 2023, the net profit margin was 5.23%, a significant decrease from 13.38% in 2022 and 19.64% in 2021. This suggests a decrease in the proportion of revenue that translates to profit in 2023 compared to the previous two years. However, it is important to note that the net profit margin in 2023 is still higher than that of 2020 (8.67%) and 2019 (6.64%). This indicates that although there was a decline in 2023, the net profit margin remains relatively stable compared to earlier years. Further analysis of the company's financial performance and other related financial ratios would be necessary to understand the factors contributing to this significant fluctuation in net profit margin.


Peer comparison

Dec 31, 2023


See also:

Northrop Grumman Corporation Net Profit Margin