Northrop Grumman Corporation (NOC)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 5,016,000 | 2,708,000 | 2,638,000 | 2,479,000 | 2,346,000 | 5,555,000 | 5,527,000 | 5,690,000 | 5,836,000 | 6,729,000 | 6,914,000 | 7,066,000 | 8,938,000 | 5,898,000 | 5,790,000 | 5,691,000 | 3,728,000 | 2,854,000 | 2,742,000 | 2,567,000 |
| 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 |
| Pretax margin | 12.22% | 6.61% | 6.47% | 6.18% | 5.97% | 14.36% | 14.59% | 15.33% | 15.94% | 19.11% | 19.78% | 20.01% | 25.06% | 15.84% | 15.40% | 15.24% | 10.13% | 8.08% | 7.90% | 7.49% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $5,016,000K ÷ $41,033,000K
= 12.22%
Northrop Grumman Corporation's pretax margin has demonstrated fluctuations over the timeline provided. The pretax margin stood at around 7-8% in the first half of 2020, gradually increasing to over 15% by the first half of 2021, signifying improved profitability. However, there was a significant spike to 25.06% in December 2021, indicating a substantial increase in profitability in that period.
Subsequently, the pretax margin decreased to around 15-20% in the first half of 2022 before experiencing a slight decline to around 14-15% in the latter half of 2023. This downward trend continued into 2024, with pretax margins ranging from 5.97% to 6.61% in the first three quarters of the year. The pretax margin then rebounded to 12.22% in December 2024.
Overall, Northrop Grumman Corporation's pretax margin has displayed fluctuations, with periods of both growth and decline in profitability. Monitoring and analyzing these fluctuations can provide insights into the company's financial performance and efficiency in generating profits before taxes.
Peer comparison
Dec 31, 2024