Short answer
Northrop Grumman (NOC) filed its Q3 2025 10-Q quarterly report on Oct 21, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $10.4B (up 4.3% year over year) with net income of $1.1B.
Q3 2025 key financials · XBRL
- Revenue
- $10.4B
- +4.3% YoY · +0.7% QoQ
- Net income
- $1.1B
- +7.2% YoY · −6.3% QoQ
- Operating margin
- 11.9%
- EPS (diluted)
- $7.67
- +9.6% YoY · −5.7% QoQ
Source: XBRL data from the Northrop Grumman (NOC) Q3 2025 10-Q on SEC EDGAR. USD.
Northrop Grumman Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $10.4B Q3 2025, up 4% YoY from $10.0B, driven by Mission Systems, Defense Systems, Aeronautics; Space Systems declined 6%
- Operating margin 11.9% Q3 2025 vs 11.2% Q3 2024; YTD margin 10.7% vs 10.8% YoY, impacted by B-21 loss provision and divestiture gain
- Best segment Q3: Defense Systems sales up 14% to $2.06B, margin 11.4% vs 8.9% YoY; Worst segment: Space Systems sales down 6% to $2.7B, margin 11.0% vs 12.0%
- Cash $2.0B at Sept 2025; operating cash flow down 52% YTD to $1.81B due to $1.0B higher taxes and working capital timing; free cash flow down 92%
- Near-term headwinds: ongoing US government shutdown risk, B-21 program cost challenges ($477M loss provision in Q1 2025), and macroeconomic and regulatory uncertainties
Risk Factors
- No material changes in risk factors from 2024 10-K reported in this 10-Q filing
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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