Northrop Grumman Corporation (NOC)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 4,370,000 | 2,537,000 | 3,601,000 | 5,651,000 | 4,065,000 |
| Revenue | US$ in thousands | 41,033,000 | 39,290,000 | 36,602,000 | 35,667,000 | 36,799,000 |
| Operating profit margin | 10.65% | 6.46% | 9.84% | 15.84% | 11.05% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $4,370,000K ÷ $41,033,000K
= 10.65%
Northrop Grumman Corporation's operating profit margin has shown fluctuations over the period 2020 to 2024. In 2020, the operating profit margin stood at 11.05%, which increased to 15.84% in 2021, indicating improved efficiency in generating profits from operations. However, there was a decline in 2022 to 9.84%, followed by a further decrease to 6.46% in 2023, reflecting potential challenges in managing operating costs relative to revenue during those years. In 2024, the operating profit margin recovered slightly to 10.65%, although it remained below the levels observed in 2021.
Overall, the trend in Northrop Grumman Corporation's operating profit margin suggests a certain degree of volatility, indicating the need for the company to carefully monitor and manage its operational expenses to ensure sustained profitability and competitiveness in the market.
Peer comparison
Dec 31, 2024