EMBJ vs. NOC: Embraer vs. Northrop Grumman Stock Comparison

November 11, 2026

How do Embraer (EMBJ) and Northrop Grumman (NOC) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Embraer (EMBJ) and Northrop Grumman (NOC) are both classified in the Aerospace & Defense sub-industry within the broader Aerospace & Defense industry, placing them in the closest GICS peer bucket.

Northrop Grumman (NOC) trades as ordinary local shares, while Embraer (EMBJ) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Embraer (EMBJ) and Northrop Grumman (NOC)
Profile Item	EMBJ	NOC
Name	Embraer S.A. Sponsored American Depositary Receipt	Northrop Grumman Corporation
Country/Region	Brazil	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Aerospace & Defense	Aerospace & Defense
GICS Sub-Industry	Aerospace & Defense	Aerospace & Defense
Market Capitalization	13.18 billion USD	74.59 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	July 21, 2000	December 31, 1981
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

EMBJ

NOC

GSPC

Embraer (EMBJ) vs. Northrop Grumman (NOC), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Embraer (EMBJ) and Northrop Grumman (NOC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Embraer (EMBJ) and Northrop Grumman (NOC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Embraer (EMBJ) and Northrop Grumman (NOC)
Metric	EMBJ	NOC
Total Return (1Y)	20.08%	-3.34%
Total Return (3Y, Annualized)	72.16%	7.23%
Total Return (5Y, Annualized)	35.19%	9.98%

Risk Profile

Drawdown History

EMBJ

NOC

GSPC

Embraer (EMBJ) vs. Northrop Grumman (NOC), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Embraer (EMBJ) and Northrop Grumman (NOC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Northrop Grumman (NOC) reports a negative beta of -0.12, suggesting inverse market sensitivity over the measurement window. That is uncommon for ordinary equities and can reflect commodity-linked or hedge-like exposure, but it can also come from statistical noise. Embraer (EMBJ) has a non-negative beta of 1.47.

Risk profile metrics for Embraer (EMBJ) and Northrop Grumman (NOC)
Metric	EMBJ	NOC
Volatility (1Y, Annualized)	41.67%	28.86%
Beta (5Y)	1.47	-0.12
Max Drawdown (5Y)	-54.48%	-37.80%
Avg. Volume (3M)	1.43M	902.47K

Risk-Adjusted Performance

Risk-Return Positioning

EMBJ and NOC are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Embraer (EMBJ) and Northrop Grumman (NOC)
Metric	EMBJ	NOC
Sharpe Ratio (1Y)	0.38	-0.26
Sortino Ratio (1Y)	0.52	-0.37

Profitability

ROE (TTM)

Northrop Grumman (NOC) at 26.07% sits in the top ROE quartile, while Embraer (EMBJ) at 12.19% is closer to the peer norm — stronger capital efficiency for NOC.

EMBJ

Capital Goods industry group

12.19%

Max: 40.55%
Q3: 19.29%
EMBJ: 12.19%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

NOC

Capital Goods industry group

26.07%

Max: 40.55%
NOC: 26.07%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Embraer (EMBJ) vs. Northrop Grumman (NOC): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Both Embraer (EMBJ) at 5.28% and Northrop Grumman (NOC) at 10.37% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

EMBJ

Capital Goods industry group

5.28%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
EMBJ: 5.28%
Q1: 1.40%
Min: -12.89%

NOC

Capital Goods industry group

10.37%

Max: 27.47%
Q3: 12.10%
NOC: 10.37%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Embraer (EMBJ) vs. Northrop Grumman (NOC): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Embraer (EMBJ) at 12.98% and Northrop Grumman (NOC) at 12.91% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

EMBJ

Capital Goods industry group

12.98%

Max: 36.60%
Q3: 18.33%
EMBJ: 12.98%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

NOC

Capital Goods industry group

12.91%

Max: 36.60%
Q3: 18.33%
NOC: 12.91%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

Embraer (EMBJ) vs. Northrop Grumman (NOC): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Embraer (EMBJ) and Northrop Grumman (NOC)
Metric	EMBJ	NOC
ROE (TTM)	12.19%	26.07%
ROA (TTM)	3.70%	7.11%
Net Margin (TTM)	5.28%	10.37%
Operating Margin (TTM)	12.98%	12.91%
Gross Margin (TTM)	17.85%	20.03%

Growth

Revenue Growth

Both Embraer (EMBJ) at 18.50% and Northrop Grumman (NOC) at 2.24% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Embraer (EMBJ) vs. Northrop Grumman (NOC): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Embraer (EMBJ) at 0.10% and Northrop Grumman (NOC) at 2.61% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Embraer (EMBJ) vs. Northrop Grumman (NOC): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Embraer (EMBJ) and Northrop Grumman (NOC)
Metric	EMBJ	NOC
Revenue Growth (YoY)	18.50%	2.24%
Revenue Growth (3Y CAGR)	18.62%	4.65%
EPS Growth (YoY)	0.10%	2.61%
EPS Growth (3Y CAGR)	--	-2.60%

Financial Strength

Current Ratio (MRQ)

Embraer (EMBJ) at 1.44 keeps current ratio within its industry’s typical mid-range, while Northrop Grumman (NOC) at 1.23 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for NOC.

EMBJ

Capital Goods industry group

1.44

Max: 5.22
Q3: 2.95
Median: 2.08
EMBJ: 1.44
Q1: 1.43
Min: 0.36

NOC

Capital Goods industry group

1.23

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
NOC: 1.23
Min: 0.36

Embraer (EMBJ) vs. Northrop Grumman (NOC): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both Embraer (EMBJ) at 0.69 and Northrop Grumman (NOC) at 0.93 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

EMBJ

Capital Goods industry group

0.69

Max: 2.33
Q3: 1.12
EMBJ: 0.69
Median: 0.60
Q1: 0.29
Min: 0.00

NOC

Capital Goods industry group

0.93

Max: 2.33
Q3: 1.12
NOC: 0.93
Median: 0.60
Q1: 0.29
Min: 0.00

Embraer (EMBJ) vs. Northrop Grumman (NOC): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Embraer (EMBJ) and Northrop Grumman (NOC)
Metric	EMBJ	NOC
Current Ratio (MRQ)	1.44	1.23
Debt / Equity (MRQ)	0.69	0.93
Net Debt / EBITDA	0.52	1.87

Dividends

Dividend Yield (TTM)

Northrop Grumman (NOC) at 1.82% delivers top-quartile income for its industry, while Embraer (EMBJ) at 0.97% pays a more typical yield — both are credible income propositions, NOC the richer one.

EMBJ

Capital Goods industry group

0.97%

Max: 2.66%
Q3: 1.14%
EMBJ: 0.97%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

NOC

Capital Goods industry group

1.82%

Max: 2.66%
NOC: 1.82%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Embraer (EMBJ) vs. Northrop Grumman (NOC): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Both Embraer (EMBJ) at 31.67% and Northrop Grumman (NOC) at 30.18% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

EMBJ

Capital Goods industry group

31.67%

Max: 67.39%
EMBJ: 31.67%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

NOC

Capital Goods industry group

30.18%

Max: 67.39%
NOC: 30.18%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

Embraer (EMBJ) vs. Northrop Grumman (NOC): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Embraer (EMBJ) and Northrop Grumman (NOC)
Metric	EMBJ	NOC
Dividend Yield (TTM)	0.97%	1.82%
Dividend Payout Ratio (TTM)	31.67%	30.18%

Valuation

P/E Ratio (TTM)

Northrop Grumman (NOC) at 16.57 sits in the cheaper P/E ratio quartile, while Embraer (EMBJ) at 29.99 is closer to its industry’s usual earnings multiple — a discount for NOC, though growth and earnings durability still matter.

EMBJ

Capital Goods industry group

29.99

Max: 59.38
Q3: 35.92
EMBJ: 29.99
Median: 25.41
Q1: 19.47
Min: 3.03

NOC

Capital Goods industry group

16.57

Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
NOC: 16.57
Min: 3.03

Embraer (EMBJ) vs. Northrop Grumman (NOC): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

Embraer (EMBJ) at 0.30 sits in the cheaper P/S ratio quartile while Northrop Grumman (NOC) at 1.71 prices around its industry’s middle — EMBJ costs less per dollar of sales, though read it alongside growth and margins.

EMBJ

Capital Goods industry group

0.30

Max: 7.54
Q3: 3.76
Median: 2.15
Q1: 1.03
EMBJ: 0.30
Min: 0.03

NOC

Capital Goods industry group

1.71

Max: 7.54
Q3: 3.76
Median: 2.15
NOC: 1.71
Q1: 1.03
Min: 0.03

Embraer (EMBJ) vs. Northrop Grumman (NOC): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Embraer (EMBJ) at 3.70 and Northrop Grumman (NOC) at 3.99 are valued close to their industries’ norm against book — neither stands out from peers.

EMBJ

Capital Goods industry group

3.70

Max: 9.66
Q3: 5.00
EMBJ: 3.70
Median: 3.12
Q1: 1.81
Min: -1.08

NOC

Capital Goods industry group

3.99

Max: 9.66
Q3: 5.00
NOC: 3.99
Median: 3.12
Q1: 1.81
Min: -1.08

Embraer (EMBJ) vs. Northrop Grumman (NOC): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Embraer (EMBJ) and Northrop Grumman (NOC)
Metric	EMBJ	NOC
P/E Ratio (TTM)	29.99	16.57
P/S Ratio (TTM)	0.30	1.71
P/B Ratio (MRQ)	3.70	3.99
Free Cash Flow Yield (TTM)	12.70%	4.21%