NORTHROP GRUMMAN CORP /DE/ FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $42.0B |
| Gross margin | — not reported |
| Operating income | $4.5B |
| Net income | $4.2B |
| Diluted EPS | $29.08 |
| Cash & equivalents | $4.4B |
| Total assets | $51.4B |
| Long-term debt | $15.7B |
Key takeaway
2025 sales grew 2% to $41.95B, led by Mission Systems (+10%), Defense Systems (+8%) and Aeronautics Systems (+5%), partly offset by an 8% decline at Space Systems from restricted-program wind-down.
🔒 4 more takeaways in the full analysis
Beneath the surface
Net debt is understated by the headline: with $15.696B long-term debt against just $4.403B cash, the company carries over $11.3B in net debt, and gross debt carrying value is even higher at $15.798B before unamortized discounts.
🔒 3 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for NOC.
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