Northrop Grumman Corporation Financial Statements FY2021-FY2026Q3

Northrop Grumman Corporation (NOC) Financial Statements in Beancount — Open Ledger

Northrop Grumman's income statement and balance sheet, FY2021 through FY2026Q3, as a public, auditable plain-text Beancount ledger — reconstructed line by line from the company's own Form 10-K and 10-Q filings and version-controlled in git. Part of the Open Ledger project on beancount.io.

Browse it live: beancount.io/ledger/open_ledger/northrop-grumman

Latest analysis: Northrop Grumman FY2026 Q3 Earnings: $7.89 EPS Beats by 10% as Backlog Hits a Record $110B

Key Figures

Amounts in MUSD (millions of US dollars), exactly as the ledger records them.

What's Inside

Fiscal years end December 31. All figures sourced from Northrop Grumman Corporation Form 10-K and Form 10-Q filings (SEC EDGAR, CIK 0001133421). As a long-cycle defense contractor, the company bills the U.S. government as costs are incurred, so unbilled receivables map to contract assets and customer advances to deferred revenue; the B-21 bomber's fixed-price development losses ($1,559M in 2023, $477M in early 2025) sit inside product costs with no separate face line.

Quick Start

uvx --from beancount bean-check main.bean
uvx --from beanquery bean-query main.bean \
  "SELECT year, sum(position) WHERE account ~ '^Income:Revenue' GROUP BY year ORDER BY year"

Zero output from bean-check means the ledger is internally consistent: every
income statement sums to zero and every balance-sheet snapshot reconciles to
the filed totals. The query prints revenue by calendar year; income is a
credit, so it shows as a negative number. Open main.bean in Fava
or import it into beancount.io to explore it visually.

Methodology

• Balance sheet — pad / balance directives assert each period-end
  figure against the filing named in that period file's source banner.
• Income statement — one zero-sum transaction per period: Income
  negative (credit), Expenses positive (debit), with the arithmetic check in
  a comment directly above it.
• Unit — MUSD; 11,122 MUSD means 11,122 million US dollars.
• Additional accounts — Assets:Current:ContractAssets holds unbilled
  receivables, Assets:Current:Inventory holds inventoried costs,
  Assets:NonCurrent:OperatingLeaseRightOfUse and
  Liabilities:NonCurrent:OperatingLeases hold the ASC 842 lease balances, and
  Expenses:Interest holds the separately presented interest expense line.
• Pension lines — the non-operating FAS pension benefit, the mark-to-market
  pension and OPB benefit (expense), and other net each post to
  Income:OtherNet with a labeled posting; in FY2023 the mark-to-market line
  is a $422M expense, posted positive on that account.
• Divestiture gains — the $1,980M FY2021 gain on the IT services sale and
  the $231M FY2025 gain on the training services sale post to
  Income:OtherNet, matching the face-statement presentation above operating
  income.
• Residuals — Assets:NonCurrent:Other folds deferred tax assets, pension
  plan assets and other non-current assets; Liabilities:NonCurrent:Other
  folds pension plan liabilities and other non-current liabilities; each file's
  comment shows the split. The current portion of long-term debt is asserted on
  Liabilities:Current:ShortTermDebt and backed out of
  Liabilities:Current:Other so the current total ties.

Analysis

• Northrop Grumman FY2026 Q3 Earnings: $7.89 EPS Beats by 10% as Backlog Hits a Record $110B — FY2026Q3

Corrections

Found a figure that does not match the filing? Email
[email protected] with the period, the account
and the filing page. Corrections are committed with the source cited.

About Open Ledger

Open Ledger is a growing library of public-company financial statements
published as plain-text accounting at
beancount.io/ledger — git-versioned, diffable
across companies, and auditable against primary filings. Read the analysis
behind the numbers on the beancount.io blog.

Disclaimer

This ledger is an independent reconstruction of Northrop Grumman Corporation's publicly filed
financial statements, provided for educational and informational purposes
only. It is not investment, financial, legal, tax, or accounting advice, and
is not an offer or recommendation to buy or sell any security. Beancount.io is
not affiliated with, endorsed by, or sponsored by Northrop Grumman Corporation; all trademarks
belong to their respective owners. Figures may contain errors, omissions, or
simplifications and may lag the latest filings — the company's own regulatory
filings are the authoritative source. Provided "as is" without warranty of any
kind; use at your own risk.