)
Visual22 Oct 2025
Epiroc's cash spent on M&A
Northrop Grumman (NOC) investor relations material
Northrop Grumman Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary21 Oct, 2025
Executive summary
Q3 2025 sales rose 4% year-over-year to $10.4 billion, with organic sales up 5% and net earnings up 7% to $1.1 billion; diluted EPS increased 10% to $7.67, driven by strong Mission and Defense Systems performance and robust global demand.
Book-to-bill ratio reached 1.17 in Q3, with net awards of $12.2 billion and backlog at $91.4 billion.
Major program milestones included a $1.8 billion missile defense contract, B-21 Raider flight test progress, and significant new awards for restricted programs and GWS.
Segment realignments and the divestiture of the training services business, which generated a $231 million pre-tax gain, impacted results.
Investments in capacity, digital transformation, and R&D continue to drive innovation and future competitiveness.
Financial highlights
Q3 2025 total sales were $10.4 billion, up 4% year-over-year and 5% organically; segment operating income rose 11% to $1.28 billion, with segment operating margin at 12.3%.
Diluted EPS for Q3 was $7.67, up 10% year-over-year; net earnings reached $1.1 billion.
Free cash flow for Q3 was $1.26 billion, up 72% year-over-year, with net cash from operating activities up 43% to $1.56 billion.
Backlog stood at $91.4 billion at quarter-end.
Year-to-date 2025 sales were $30.2 billion, with net earnings down 5% to $2.76 billion and diluted EPS down 3% to $19.12.
Outlook and guidance
2025 sales guidance set at $41.7–$41.9 billion, with MTM-adjusted EPS guidance raised to $25.65–$26.05 and free cash flow guidance at $3.05–$3.35 billion.
2026 outlook projects mid-single-digit organic sales growth, segment operating margin in the low to mid 11% range, and free cash flow of $3.1–$3.5 billion.
Segment guidance anticipates growth in all four business segments in 2026.
Guidance does not include potential FPXX win or B-21 production acceleration, which could provide upside.
U.S. government shutdown and budget environment present risks to program funding and cash flows.
Reconcile sales guidance cut with EPS raise
Why is YTD free cash flow down 92%?
Detail OBBBA's impact on Q3 ETR
B-21 acceleration: investment & return profile
Microelectronics foundry: capacity & new customers
SRM capacity: utilization & new qualifications?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Northrop Grumman earnings date
Q4 202530 Jan, 2026
Next Northrop Grumman earnings date
Q4 202530 Jan, 2026
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Northrop Grumman Corporation provides innovative systems, products and solutions in unmanned systems; aerospace systems; C4ISR and logistics and modernization; cyber security; strike, surveillance and mobility; command, control, communications, computers and intelligence solutions, and naval systems to government and commercial customers. It's aerospace products include long-range strike bombers, combat avionics, surveillance aircrafts and related software, training services and other mission support services. The company was founded in 1939 and is based in Falls Church, Virginia.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage