Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $36,799 | $35,667 | $36,602 | $39,290 | $41,033 |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $4,065 | $5,651 | $3,601 | $2,537 | $4,370 |
| Net Income | $3,189 | $7,005 | $4,896 | $2,056 | $4,174 |
Over the past five years, Northrop Grumman’s revenue has shown a modest upward trend from US$36.8 billion in 2020 to US$41.0 billion in 2024. While the gross profit data is unavailable (reported as zero), the operating income and net income figures indicate noticeable volatility. For instance, operating income increased from US$4.07 billion in 2020 to a peak of US$5.65 billion in 2021, only to drop sharply by approximately 36% to US$3.60 billion in 2022. This decline continued into 2023 with operating income falling to US$2.54 billion, before rebounding to US$4.37 billion in 2024. A similar pattern is observed with net income, which nearly doubled from US$3.19 billion in 2020 to US$7.01 billion in 2021, then declined by about 30% to US$4.90 billion in 2022 and further deteriorated to US$2.06 billion in 2023, with a partial recovery to US$4.17 billion in 2024. This cyclical performance in operating and net earnings suggests that Northrop Grumman may have encountered short-term operational challenges or market fluctuations affecting its profit margins, potentially tied to shifts in defense spending or contract timing issues characteristic of the aerospace and defense industry. However, the revenue growth and recovery trends in 2024 highlight the company’s resilience and its ability to rebound following periods of underperformance. Overall, based on these metrics, Northrop Grumman appears to sustain a strong financial foundation, although the volatility in profit margins warrants continued monitoring as the company navigates the cyclical nature of its industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.