Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.7B | $26.0B | $30.1B | $33.8B | $36.8B | $35.7B | $36.6B | $39.3B | $41.0B | $42.0B |
| Revenue growth | — | 5.3% | 15.7% | 12.4% | 8.7% | -3.1% | 2.6% | 7.3% | 4.4% | 2.2% |
| Operating income | $3.28B | $3.22B | $3.78B | $3.97B | $4.07B | $5.65B | $3.60B | $2.54B | $4.37B | $4.51B |
| Operating margin | 13.3% | 12.4% | 12.6% | 11.7% | 11.0% | 15.8% | 9.8% | 6.5% | 10.6% | 10.8% |
| Net income | $2.04B | $2.87B | $3.23B | $2.25B | $3.19B | $7.00B | $4.90B | $2.06B | $4.17B | $4.18B |
| Net margin | 8.3% | 11.0% | 10.7% | 6.6% | 8.7% | 19.6% | 13.4% | 5.2% | 10.2% | 10.0% |
| EPS (diluted) | $11.32 | $16.34 | $18.49 | $13.22 | $19.03 | $43.54 | $31.47 | $13.53 | $28.34 | $29.08 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.81B | $2.61B | $3.83B | $4.30B | $4.30B | $3.57B | $2.90B | $3.88B | $4.39B | $4.76B |
| Capital expenditures | $920M | $928M | $1.25B | $1.26B | $1.42B | $1.42B | $1.44B | $1.77B | $1.77B | $1.45B |
| Free cash flow | $1.89B | $1.69B | $2.58B | $3.03B | $2.88B | $2.15B | $1.47B | $2.10B | $2.62B | $3.31B |
| Share buybacks | $1.55B | $393M | $1.26B | $744M | $490M | $3.71B | $1.50B | $1.50B | $2.51B | $1.62B |
| Dividends paid | $640M | $689M | $821M | $880M | $953M | $983M | $1.05B | $1.12B | $1.19B | $1.29B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.54B | $11.2B | $1.58B | $2.25B | $4.91B | $3.53B | $2.58B | $3.11B | $4.35B | $4.40B |
| Total assets | $25.6B | $35.1B | $37.7B | $41.1B | $44.5B | $42.6B | $43.8B | $46.5B | $49.4B | $51.4B |
| Total liabilities | $20.4B | $28.0B | $29.5B | $32.3B | $33.9B | $29.7B | $28.4B | $31.7B | $34.1B | $34.7B |
| Long-term debt | $7.07B | $15.3B | $14.4B | $12.8B | $14.3B | $12.8B | $11.8B | $13.8B | $14.7B | $15.2B |
| Shareholders' equity | $5.36B | $7.13B | $8.19B | $8.82B | $10.6B | $12.9B | $15.3B | $14.8B | $15.3B | $16.7B |
| Retained earnings | $10.6B | $6.91B | $8.07B | $8.75B | $10.5B | $12.9B | $15.3B | $14.8B | $15.3B | $16.7B |
| Shares (wtd avg diluted) | 181M | 176M | 175M | 170M | 168M | 161M | 156M | 152M | 147M | 144M |
Every figure is extracted from NORTHROP GRUMMAN CORP /DE/’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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