NOC at a glance
Northrop Grumman (NOC, SEC CIK 1133421) filed its latest 10-K annual report on January 27, 2026, a 10-Q quarterly report on July 21, 2026, an 8-K current report on August 21, 2026 and Form 4 insider filings as recently as October 1, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Northrop Grumman (NOC) reported revenue of $42.0 billion (up 2.2% from FY2024) and net income of $4.2 billion. Diluted EPS was $29.08.
- As of June 30, 2026, 54 institutional investment managers tracked by SignalX reported holding Northrop Grumman (NOC) shares worth $31.8 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by WELSH MARK A III on August 3, 2026 of 6 shares at $549.50 per share.
- In the last 90 days, NOC insiders reported 0 open-market purchases ($0) and 10 open-market sales ($52K) on Form 4, a net sale of $52K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $42.0B
- +2.2% vs prior year
- Insiders · 90 days
- 0 buys · 10 sells
- Net −$52K
- 13F holders
- 54 funds
- $31.8B · −2 vs prior quarter
- Latest 8-K
- Aug 21, 2026
- Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core aerospace and defense technology provider to U.S. government, focusing on military aircraft, missile defense, space systems, and advanced technologies
- Realignment of Strike and Surveillance Aircraft Solutions from Defense Systems to Aeronautics Systems effective January 1, 2025
- Backlog grew to $95.7 billion at Dec 31, 2025, up from $91.5 billion in prior year
- Workforce expansion with approx. 7,500 new employees hired in 2025, totaling about 95,000 employees
- 2025 sales split evenly between cost-type ($20.9B) and fixed-price contracts ($21.0B), with 84% revenue from U.S. government
Risk Factors
- Regulatory risk: potential Nunn-McCurdy Act notifications on cost/schedule overruns may trigger program restructures or terminations impacting reputation and finances
- Macroeconomic threat: U.S. government funding reliance with 84% sales in 2025 exposes to appropriations delays, shutdowns, or debt ceiling breaches impacting cash flows
- Operational risk: 50% of sales from fixed-price contracts increase exposure to cost overruns amid inflation, material shortages, and labor challenges affecting profitability
- Competitive risk: increased competition from commercial contractors, startups, and use of Other Transaction Authority (OTA) awards intensifies pricing pressure and contract risk
- Legal risk: investigations and audits by DCAA, DCMA, DoW Inspector General may lead to penalties, suspension, or debarment jeopardizing contract awards and revenues
Management Discussion & Analysis
- Revenue $41.95B, up 2% YoY; organic sales up 3% excluding divested training services ($112M in 2025 vs $304M in 2024)
- Operating income $4.51B, up 3%; operating margin 10.8% vs 10.6% in 2024
- Best segment: Mission Systems with $229M higher income; worst: Aeronautics Systems down $423M due to B-21 loss provision
- Gain on training services divestiture $231M; unallocated corporate expense down due to divestiture; no specific buyback/dividend/capex figures disclosed
- Management highlights risks from geopolitical tensions, budget uncertainty, and B-21 program losses; expects long-term growth from defense modernization and program restructures
AI summary of the NOC 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $10.876B, up 5% YoY from $10.351B, driven by higher sales across all four sectors
- Operating margin 10.1% vs 13.8% YoY; net earnings $1.094B vs $1.174B
- Best segment Aeronautics Systems: sales $3.519B, up 13%; operating income $362M, up 13%
- Worst segment Defense Systems: operating income down $97M; net EAC adjustment $(40)M vs $83M
- Outlook: heightened geopolitical demand, with uncertainty from defense budgets, tariffs, regulatory changes, and B-21 execution costs
Risk Factors
- No material risk-factor changes disclosed; 2025 Form 10-K risks carried forward
- Share-repurchase authorization exposure: $2.5 billion remaining as of June 30, 2026
- Trading-plan compliance: General Counsel’s Rule 10b5-1 arrangement adopted April 27, 2026
- Performance-linked share-sale uncertainty: aggregate shares depend partly on future company performance
AI summary of the NOC 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- CEO Kathy Warden received a one-time performance-based award covering 35,910 target market stock units
- Payout ranges from 0% to 150% based on absolute stock performance through December 31, 2031
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results for quarter ended June 30, 2026
- Earnings release issued July 21, 2026
Item 2.02: Results of Operations and Financial Condition
- Q1 2026 results for quarter ended March 31, 2026
- Earnings release titled “Northrop Grumman Reports First Quarter 2026 Financial Results”
AI summaries of NOC 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for NOC
Don't miss the next NOC filing
- Alerts as it files. A push when NOC files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut NOC, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Brown Marianne Catherine | A | Sep 30, 2026 | 96 | $483.48 |
| KRISHNA ARVIND | A | Sep 30, 2026 | 75 | $483.48 |
| Warden Kathy J | A | Aug 19, 2026 | 35,910 | - |
| WELSH MARK A III | Sell | Aug 3, 2026 | 6 | $549.50 |
| WELSH MARK A III | Sell | Aug 3, 2026 | 31 | $547.42 |
| WELSH MARK A III | Sell | Aug 3, 2026 | 10 | $548.32 |
| WELSH MARK A III | Sell | Aug 3, 2026 | 19 | $545.59 |
| WELSH MARK A III | Sell | Aug 3, 2026 | 11 | $546.42 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $41.0B | $42.0B |
| Operating Income | - | $4.4B | $4.5B |
| Net Income | $2.1B | $4.2B | $4.2B |
| Op. Margin | - | 10.6% | 10.8% |
| Net Margin | - | 10.2% | 10.0% |
| Balance Sheet | |||
| Total Assets | $46.5B | $49.4B | $51.4B |
| Equity | - | $15.3B | $16.7B |
| ROE | - | 27.3% | 25.1% |
| Per Share | |||
| EPS | $13.53 | $28.34 | $29.08 |
| Cash Flow | |||
| Operating CF | - | $4.4B | $4.8B |
| CapEx | $1.8B | $1.8B | $1.4B |
Source: XBRL data in Northrop Grumman (NOC)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate NOC share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 54 | $31.82B |
| Q1 2026 | 56 | $41.78B |
| Q4 2025 | 54 | $34.54B |
| Q3 2025 | 51 | $41.01B |
| Q2 2025 | 49 | $32.42B |
| Q1 2025 | 49 | $27.40B |
| Q4 2024 | 44 | $20.03B |
| Q3 2024 | 39 | $14.24B |
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- Marex Group plc+1.1K
Source: 13F-HR filings on SEC EDGAR (aggregated from 396 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
NOC filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 8-K | Aug 21, 2026 | - | Analysis | - |
| 4 | Aug 21, 2026 | - | - | - |
| 4 | Aug 4, 2026 | - | - | - |
| 8-K | Jul 21, 2026 | - | Analysis | - |
| 10-Q | Jul 21, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 5, 2026 | - | - | - |
| SC 13G | Apr 30, 2026 | - | - | |
| 8-K | Apr 21, 2026 | - | Analysis | - |
| 10-Q | Apr 21, 2026 | Mar 31, 2026 | Analysis | |
| 4 | Apr 2, 2026 | - | - | - |
| 4 | Apr 2, 2026 | - | - | - |
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NOC SEC filings: frequently asked questions
Are NOC insiders buying or selling?
In the last 90 days, Northrop Grumman (NOC) officers, directors and 10% owners reported no open-market purchases and 10 open-market sales worth $52,015 by 1 insider on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold NOC stock?
As of June 30, 2026, the largest Northrop Grumman (NOC) holders among the 13F filers tracked by SignalX were State Street Corp ($6.7 billion), BlackRock ($6.0 billion), Vanguard Capital Management LLC ($4.6 billion), Vanguard Portfolio Management LLC ($1.8 billion), Morgan Stanley ($1.8 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was NOC's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Northrop Grumman (NOC) reported revenue of $42.0 billion (up 2.2% from FY2024) and net income of $4.2 billion. Diluted EPS was $29.08. The figures come from the XBRL data in the 10-K.
What are the main risks in NOC's latest 10-K?
In the 10-K filed January 27, 2026, Northrop Grumman (NOC) flagged: Regulatory risk: potential Nunn-McCurdy Act notifications on cost/schedule overruns may trigger program restructures or terminations impacting reputation and finances. Macroeconomic threat: U.S. government funding reliance with 84% sales in 2025 exposes to appropriations delays, shutdowns, or debt ceiling breaches impacting cash flows. (AI summary of the Risk Factors section.)
What did NOC report in its latest 8-K?
Northrop Grumman (NOC) filed an 8-K on August 21, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). CEO Kathy Warden received a one-time performance-based award covering 35,910 target market stock units.
What are the latest NOC SEC filings?
Northrop Grumman (NOC) filed its latest 10-K annual report on January 27, 2026, a 10-Q quarterly report on July 21, 2026, an 8-K current report on August 21, 2026 and a Form 4 insider filing on October 1, 2026.
What is NOC's SEC CIK number?
Northrop Grumman (NOC)'s SEC Central Index Key (CIK) is 1133421. EDGAR lists every NOC filing under that number.
Ask anything about NOC
The research agent reads NOC's filings, financials, insider trades and 13F holders, then answers with sources.