Northrop Grumman Corporation (NOC)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,174,000 | 2,056,000 | 4,896,000 | 7,005,000 | 3,189,000 |
| Total assets | US$ in thousands | 49,359,000 | 46,544,000 | 43,755,000 | 42,579,000 | 44,469,000 |
| ROA | 8.46% | 4.42% | 11.19% | 16.45% | 7.17% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $4,174,000K ÷ $49,359,000K
= 8.46%
Northrop Grumman Corporation's return on assets (ROA) has displayed fluctuations over the past five years. In December 31, 2020, the ROA stood at 7.17%, indicating the company generated $0.072 in net income for every dollar of assets. The following year, the ROA significantly improved to 16.45%, reflecting improved efficiency in asset utilization and profitability.
By December 31, 2022, the ROA decreased to 11.19%, suggesting a slight decline in the company's ability to generate profits from its assets. Subsequently, in December 31, 2023, the ROA dropped further to 4.42%, signaling a significant decrease in profitability relative to its assets.
However, by December 31, 2024, Northrop Grumman managed to increase its ROA to 8.46%, indicating a recovery in asset efficiency and profitability. Overall, the trend in Northrop Grumman's ROA indicates fluctuations in the company's ability to generate profits from its assets, with significant improvements in some years and declines in others.
Peer comparison
Dec 31, 2024