NORTHROP GRUMMAN CORP /DE/

NOC · Healthcare · $74.7B mkt cap · FY2025 filings · Narrow moat

On the watchlist

Narrow moat

The four filters

Pricing power90

Median gross margin 54.1% over 2y, very stable.

Returns on capital80

Median ROIC 16.2%, above the 9% hurdle in 90% of years.

Balance-sheet safety41

Net debt/EBITDA 1.9x, interest coverage 7x.

Capital discipline87

Owner earnings +8.3%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

60% above value

Owner earnings (normalized): $4.2B
Est. intrinsic value / share: $328.96
Recent price: $525.90
Discount to value: 60% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell NOC. See the disclaimer.