Northrop Grumman Corporation (NOC)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 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 | 2,548,000 | 3,520,000 | 3,829,000 | 3,777,000 |
| 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 |
| Pretax margin | 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% | 7.53% | 10.58% | 11.64% | 11.97% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,346,000K ÷ $39,290,000K
= 5.97%
The pretax margin of Northrop Grumman Corp. has exhibited a fluctuating trend over the past eight quarters. The pretax margin, which reflects the company's efficiency in generating profits before accounting for taxes, decreased from 20.01% in March 2022 to 5.97% in December 2023. This decline may indicate challenges in controlling operating costs or a decrease in operating income relative to sales. The peak pretax margin of 20.01% in March 2022 suggests strong profitability, but the subsequent downward trend warrants attention and further analysis to ascertain the underlying factors contributing to these fluctuations.
Peer comparison
Dec 31, 2023