Northrop Grumman Corporation (NOC)

Return on total capital

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Earnings before interest and tax (EBIT) US$ in thousands 5,733,000 5,469,000 2,537,000 6,342,000 7,495,000
Long-term debt US$ in thousands — — — — —
Total stockholders’ equity US$ in thousands 16,674,000 15,290,000 14,795,000 15,312,000 12,926,000
Return on total capital 34.38% 35.77% 17.15% 41.42% 57.98%

December 31, 2025 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $5,733,000K ÷ ($—K + $16,674,000K)
= 34.38%