Northrop Grumman Corporation (NOC)
Return on total capital
| 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 interest and tax (EBIT) (ttm) | US$ in thousands | 4,370,000 | 2,888,000 | 2,784,000 | 2,661,000 | 2,537,000 | 3,836,000 | 3,664,000 | 3,651,000 | 3,601,000 | 3,437,000 | 3,636,000 | 3,726,000 | 5,651,000 | 6,061,000 | 6,003,000 | 5,953,000 | 4,065,000 | 4,049,000 | 4,015,000 | 3,967,000 |
| Long-term debt | US$ in thousands | 14,692,000 | 14,689,000 | 14,706,000 | 14,742,000 | 13,786,000 | 13,793,000 | 13,796,000 | 13,770,000 | 11,805,000 | 11,803,000 | 12,834,000 | 12,825,000 | 12,777,000 | 12,774,000 | 12,764,000 | 12,764,000 | 14,261,000 | 14,260,000 | 14,259,000 | 14,299,000 |
| Total stockholders’ equity | US$ in thousands | 15,290,000 | 14,748,000 | 14,301,000 | 14,223,000 | 14,795,000 | 15,928,000 | 15,486,000 | 15,136,000 | 15,312,000 | 13,943,000 | 13,651,000 | 13,287,000 | 12,926,000 | 11,417,000 | 11,172,000 | 10,525,000 | 10,579,000 | 10,467,000 | 9,712,000 | 9,062,000 |
| Return on total capital | 14.58% | 9.81% | 9.60% | 9.19% | 8.88% | 12.91% | 12.51% | 12.63% | 13.28% | 13.35% | 13.73% | 14.27% | 21.99% | 25.05% | 25.08% | 25.56% | 16.36% | 16.37% | 16.75% | 16.98% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $4,370,000K ÷ ($14,692,000K + $15,290,000K)
= 14.58%
Northrop Grumman Corporation's return on total capital has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio ranged from a low of 8.88% on December 31, 2023, to a high of 25.56% on March 31, 2021. The overall trend indicates some volatility in the company's efficiency in generating a return on its total capital during the period under consideration. It is important to assess the factors influencing these fluctuations to understand the company's financial performance and its ability to effectively utilize its capital resources.
Peer comparison
Dec 31, 2024