Northrop Grumman Corporation (NOC)

Net 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
Net income (ttm)	US$ in thousands	2,056,000	4,671,000	4,649,000	4,783,000	4,896,000	5,526,000	5,674,000	5,765,000	7,005,000	4,625,000	4,548,000	4,516,000	3,189,000	2,450,000	2,397,000	2,253,000	2,248,000	3,013,000	3,324,000	3,252,000
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
Net profit margin		5.23%	12.07%	12.27%	12.89%	13.38%	15.70%	16.23%	16.33%	19.64%	12.42%	12.09%	12.10%	8.67%	6.94%	6.91%	6.57%	6.64%	9.05%	10.11%	10.31%

December 31, 2023 calculation

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

The net profit margin of Northrop Grumman Corp. has shown a fluctuating trend over the past eight quarters. It started at a strong 16.33% in March 2022, showing a steady decline to 5.23% by December 2023. This downward trend may indicate challenges in managing costs and expenses relative to the company's revenue generation during this period. However, it's worth noting that the net profit margin has shown some variability, reaching a peak of 16.23% in June 2022 before declining again. Further analysis of the company's financial and operational performance is warranted to understand the underlying reasons for these fluctuations in net profit margin.