| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 10.4K | 0.7% | 4.3% |
| Total Income | 10.4K | 0.7% | 4.3% |
| Expenditure | 9.2K | 2.9% | 3.4% |
| PBT | 1.3K | 7.3% | 11.4% |
| Net Profit | 1.1K | 6.3% | 7.2% |
| OPM | 11.92% | 1.85pp | 0.71pp |
| NPM | 10.55% | 0.79pp | 0.29pp |
| EPS | 7.69 | 5.9% | 9.5% |
Northrop Grumman Reports Q3 2025 Sales Increase 4% to $10.4 Billion
04 May 2026 · 4 May, 8:58 am
Summary
Northrop Grumman reported a 4 percent increase in third quarter 2025 sales, reaching $10.4 billion. Net earnings for the quarter totaled $1.1 billion, or $7.67 per diluted share, compared to $1.0 billion, or $7.00 per diluted share, in the third quarter of 2024. The company's net awards for the quarter totaled $12.2 billion, and backlog reached $91.4 billion. Due to strong third quarter performance and a positive outlook for the remainder of the year, the company is increasing its 2025 EPS guidance.
Key Highlights
- 1
Net awards increased to $12.2 billion, resulting in a book-to-bill ratio of 1.17 for Northrop Grumman.
- 2
Third quarter sales increased 4 percent to $10.4 billion, with organic sales increasing 5 percent.
- 3
The operating margin rate was 11.9 percent, while the segment operating margin rate was 12.3 percent.
- 4
Diluted earnings per share (EPS) increased 10 percent to $7.67 in the third quarter.
- 5
Northrop Grumman raised its 2025 MTM-adjusted EPS guidance range by $0.65 to $25.65 to $26.05.
- 6
Third quarter net earnings totaled $1.1 billion, or $7.67 per diluted share, compared to $1.0 billion, or $7.00 per diluted share, in the third quarter of 2024.
- 7
Third quarter net awards totaled $12.2 billion and backlog totaled $91.4 billion.
Management Comments
Kathy Warden
The momentum we are building in our business drove strong third quarter performance to achieve our financial objectives for mid-single-digit growth, expanding segment margins, and growing cash flows year over year. As a result of this performance and our positive outlook for the remainder of the year, we are once again increasing our 2025 EPS guidance. I am excited about our continued progress in responding with urgency to our customers’ needs. We’re demonstrating our team can rapidly innovate the way we work and the products we deliver, while also providing the quality and performance customers expect from Northrop Grumman. As we look to the future, we expect global demand to remain strong for our portfolio, with growth in each of our four business segments next year.
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