Northrop Grumman Corporation (NOC)
Return on total capital
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 5,733,000 | 5,529,000 | 5,394,000 | 5,051,000 | 5,556,000 | 3,216,000 | 3,126,000 | 3,003,000 | 2,891,000 | 6,034,000 | 5,995,000 | 6,192,000 | 6,342,000 | 7,306,000 | 7,493,000 | 7,600,000 | 7,532,000 | 4,519,000 | 4,433,000 | 4,352,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 16,674,000 | 15,988,000 | 15,471,000 | 14,984,000 | 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 |
| Return on total capital | 34.38% | 34.58% | 34.87% | 33.71% | 36.34% | 21.81% | 21.86% | 21.11% | 19.54% | 37.88% | 38.71% | 40.91% | 41.42% | 52.40% | 54.89% | 57.20% | 58.27% | 39.58% | 39.68% | 41.35% |
December 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $5,733,000K ÷ ($—K + $16,674,000K)
= 34.38%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
Northrop Grumman Corporation
NOC
34.38%
GE Aerospace
GE
58.06%
General Dynamics Corporation
GD
21.14%
Hexcel Corporation
HXL
7.63%
L3Harris Technologies Inc
LHX
12.88%
Lockheed Martin Corporation
LMT
104.75%
Raytheon Technologies Corp
RTX
16.24%
Textron Inc
TXT
14.03%
The Boeing Company
BA
99.12%
Transdigm Group Incorporated
TDG
—
Woodward Inc
WWD
22.10%