Northrop Grumman annual debt-to-equity ratio
2008
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2025
Northrop Grumman Debt-to-Equity Ratio Growth & History (NOC)
Northrop Grumman's debt-to-equity ratio was 1.07 for fiscal 2025.
View full Northrop Grumman company overviewNorthrop Grumman annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.07 | −0.13 | −10.85% |
| 2024 | 2024-12-31 | 1.20 | 0.12 | +10.92% |
| 2023 | 2023-12-31 | 1.08 | 0.11 | +10.73% |
| 2022 | 2022-12-31 | 0.98 | −0.15 | −13.61% |
| 2021 | 2021-12-31 | 1.13 | −0.44 | −27.78% |
| 2020 | 2020-12-31 | 1.57 | −0.18 | −10.37% |
| 2019 | 2019-12-31 | 1.75 | −0.01 | −0.41% |
| 2018 | 2018-12-31 | 1.76 | −0.38 | −17.83% |
| 2017 | 2017-12-31 | 2.14 | 0.82 | +62.37% |
| 2016 | 2016-12-31 | 1.32 | 0.14 | +12.06% |
| 2015 | 2015-12-31 | 1.18 | 0.36 | +43.58% |
| 2014 | 2014-12-31 | 0.82 | 0.26 | +46.74% |
| 2013 | 2013-12-31 | 0.56 | 0.14 | +35.00% |
| 2012 | 2012-12-31 | 0.41 | 0.03 | +8.64% |
| 2011 | 2011-12-31 | 0.38 | 0.09 | +29.83% |
| 2010 | 2010-12-31 | 0.29 | −0.04 | −12.08% |
| 2009 | 2009-12-31 | 0.33 | 0.04 | +15.47% |
| 2008 | 2008-12-31 | 0.29 | — | — |
Northrop Grumman quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.95 | −0.18 | −15.78% |
| Q1 2026 | 2026-03-31 | 1.00 | −0.11 | −10.09% |
| Q4 2025 | 2025-12-31 | 1.07 | −0.13 | −10.85% |
| Q3 2025 | 2025-09-30 | 1.09 | −0.13 | −10.85% |
| Q2 2025 | 2025-06-30 | 1.13 | −0.14 | −10.87% |
| Q1 2025 | 2025-03-31 | 1.11 | −0.17 | −13.07% |
| Q4 2024 | 2024-12-31 | 1.20 | 0.12 | +10.92% |
| Q3 2024 | 2024-09-30 | 1.23 | 0.25 | +25.36% |
| Q2 2024 | 2024-06-30 | 1.27 | 0.19 | +18.04% |
| Q1 2024 | 2024-03-31 | 1.28 | 0.18 | +16.09% |
| Q4 2023 | 2023-12-31 | 1.08 | 0.11 | +10.73% |
| Q3 2023 | 2023-09-30 | 0.98 | −0.07 | −6.30% |
| Q2 2023 | 2023-06-30 | 1.08 | 0.01 | +1.30% |
| Q1 2023 | 2023-03-31 | 1.10 | 0.01 | +0.79% |
| Q4 2022 | 2022-12-31 | 0.98 | −0.15 | −13.61% |
| Q3 2022 | 2022-09-30 | 1.04 | −0.19 | −15.68% |
| Q2 2022 | 2022-06-30 | 1.06 | −0.21 | −16.18% |
| Q1 2022 | 2022-03-31 | 1.09 | −0.25 | −18.92% |
| Q4 2021 | 2021-12-31 | 1.13 | −0.44 | −27.78% |
| Q3 2021 | 2021-09-30 | 1.24 | −0.42 | −25.43% |
| Q2 2021 | 2021-06-30 | 1.27 | −0.53 | −29.39% |
| Q1 2021 | 2021-03-31 | 1.35 | −0.57 | −29.85% |
| Q4 2020 | 2020-12-31 | 1.57 | −0.18 | −10.37% |
| Q3 2020 | 2020-09-30 | 1.66 | 0.07 | +4.56% |
| Q2 2020 | 2020-06-30 | 1.79 | 0.09 | +5.17% |
| Q1 2020 | 2020-03-31 | 1.92 | 0.12 | +6.57% |
| Q4 2019 | 2019-12-31 | 1.75 | −0.01 | −0.41% |
| Q3 2019 | 2019-09-30 | 1.59 | 0.01 | +0.46% |
| Q2 2019 | 2019-06-30 | 1.71 | −0.13 | −7.02% |
| Q1 2019 | 2019-03-31 | 1.80 | −0.19 | −9.67% |
| Q4 2018 | 2018-12-31 | 1.76 | −0.38 | −17.83% |
| Q3 2018 | 2018-09-30 | 1.58 | 0.51 | +47.23% |
| Q2 2018 | 2018-06-30 | 1.84 | 0.66 | +56.06% |
| Q1 2018 | 2018-03-31 | 1.99 | 0.74 | +59.15% |
| Q4 2017 | 2017-12-31 | 2.14 | 0.82 | +62.37% |
| Q3 2017 | 2017-09-30 | 1.07 | −0.03 | −2.98% |
| Q2 2017 | 2017-06-30 | 1.18 | 0.05 | +4.63% |
| Q1 2017 | 2017-03-31 | 1.25 | 0.12 | +10.16% |
| Q4 2016 | 2016-12-31 | 1.32 | 0.14 | +12.06% |
| Q3 2016 | 2016-09-30 | 1.11 | −0.02 | −1.68% |
| Q2 2016 | 2016-06-30 | 1.12 | 0.08 | +8.12% |
| Q1 2016 | 2016-03-31 | 1.14 | 0.19 | +19.47% |
| Q4 2015 | 2015-12-31 | 1.18 | 0.36 | +43.58% |
| Q3 2015 | 2015-09-30 | 1.13 | 0.53 | +88.04% |
| Q2 2015 | 2015-06-30 | 1.04 | 0.46 | +80.15% |
| Q1 2015 | 2015-03-31 | 0.95 | 0.39 | +69.60% |
| Q4 2014 | 2014-12-31 | 0.82 | 0.26 | +46.74% |
| Q3 2014 | 2014-09-30 | 0.60 | −0.03 | −5.46% |
| Q2 2014 | 2014-06-30 | 0.58 | −0.04 | −6.95% |
| Q1 2014 | 2014-03-31 | 0.56 | 0.15 | +34.88% |
| Q4 2013 | 2013-12-31 | 0.56 | 0.14 | +35.00% |
| Q3 2013 | 2013-09-30 | 0.63 | 0.27 | +76.45% |
| Q2 2013 | 2013-06-30 | 0.62 | 0.25 | +69.04% |
| Q1 2013 | 2013-03-31 | 0.42 | 0.04 | +11.43% |
| Q4 2012 | 2012-12-31 | 0.41 | 0.03 | +8.64% |
| Q3 2012 | 2012-09-30 | 0.36 | 0.03 | +7.93% |
| Q2 2012 | 2012-06-30 | 0.37 | 0.04 | +12.11% |
| Q1 2012 | 2012-03-31 | 0.37 | — | — |
| Q4 2011 | 2011-12-31 | 0.38 | 0.09 | +29.83% |
| Q3 2011 | 2011-09-30 | 0.33 | 0.07 | +27.72% |
| Q2 2011 | 2011-06-30 | 0.33 | 0.06 | +22.84% |
| Q4 2010 | 2010-12-31 | 0.29 | −0.04 | −12.08% |
| Q3 2010 | 2010-09-30 | 0.26 | −0.08 | −22.80% |
| Q2 2010 | 2010-06-30 | 0.27 | −0.01 | −2.99% |
| Q1 2010 | 2010-03-31 | 0.27 | — | — |
| Q4 2009 | 2009-12-31 | 0.33 | 0.04 | +15.47% |
| Q3 2009 | 2009-09-30 | 0.34 | — | — |
| Q2 2009 | 2009-06-30 | 0.27 | — | — |
| Q4 2008 | 2008-12-31 | 0.29 | — | — |
Northrop Grumman debt-to-equity ratio trends
Over the last five fiscal years, Northrop Grumman's debt-to-equity ratio decreased from 1.57 to 1.07, a change of −0.50. The latest reported quarter, Q2 2026, shows 0.95.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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