IR vs. NOC: Ingersoll Rand vs. Northrop Grumman Stock Comparison

November 11, 2026

How do Ingersoll Rand (IR) 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

Ingersoll Rand (IR) and Northrop Grumman (NOC) both fall under the Capital Goods industry group, but IR is classified in Machinery while NOC is classified in Aerospace & Defense.

Company profile comparison for Ingersoll Rand (IR) and Northrop Grumman (NOC)
Profile Item	IR	NOC
Name	Ingersoll Rand Inc.	Northrop Grumman Corporation
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Machinery	Aerospace & Defense
GICS Sub-Industry	Industrial Machinery & Supplies & Components	Aerospace & Defense
Market Capitalization	31.87 billion USD	74.59 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	May 12, 2017	December 31, 1981
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

NOC

GSPC

Ingersoll Rand (IR) 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 Ingersoll Rand (IR) and Northrop Grumman (NOC). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Ingersoll Rand (IR) and Northrop Grumman (NOC)
Metric	IR	NOC
Total Return (1Y)	12.39%	-3.34%
Total Return (3Y, Annualized)	9.19%	7.23%
Total Return (5Y, Annualized)	8.02%	9.98%

Risk Profile

Drawdown History

NOC

GSPC

Ingersoll Rand (IR) 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 Ingersoll Rand (IR) 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. Ingersoll Rand (IR) has a non-negative beta of 1.12.

Risk profile metrics for Ingersoll Rand (IR) and Northrop Grumman (NOC)
Metric	IR	NOC
Volatility (1Y, Annualized)	34.08%	28.86%
Beta (5Y)	1.12	-0.12
Max Drawdown (5Y)	-36.62%	-37.80%
Avg. Volume (3M)	4.27M	902.47K

Risk-Adjusted Performance

Risk-Return Positioning

IR 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 Ingersoll Rand (IR) and Northrop Grumman (NOC)
Metric	IR	NOC
Sharpe Ratio (1Y)	0.24	-0.26
Sortino Ratio (1Y)	0.37	-0.37

Profitability

ROE (TTM)

Northrop Grumman (NOC) at 26.07% sits in the top ROE quartile, while Ingersoll Rand (IR) at 13.41% is closer to the peer norm — stronger capital efficiency for NOC.

IR

Capital Goods industry group

13.41%

Max: 40.55%
Q3: 19.29%
IR: 13.41%
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%

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

Net Margin (TTM)

Ingersoll Rand (IR) at 17.20% retains a top-quartile share of revenue as profit, ahead of Northrop Grumman (NOC) at 10.37%, which keeps about the industry-typical share.

IR

Capital Goods industry group

17.20%

Max: 27.47%
IR: 17.20%
Q3: 12.10%
Median: 6.30%
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%

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

Operating Margin (TTM)

Ingersoll Rand (IR) at 18.79% operates in the top operating margin quartile, ahead of Northrop Grumman (NOC) at 12.91%, which runs around its industry’s norm.

IR

Capital Goods industry group

18.79%

Max: 36.60%
IR: 18.79%
Q3: 18.33%
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%

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

Profitability Metrics

Profitability metrics for Ingersoll Rand (IR) and Northrop Grumman (NOC)
Metric	IR	NOC
ROE (TTM)	13.41%	26.07%
ROA (TTM)	4.98%	7.11%
Net Margin (TTM)	17.20%	10.37%
Operating Margin (TTM)	18.79%	12.91%
Gross Margin (TTM)	42.57%	20.03%

Growth

Revenue Growth

Both Ingersoll Rand (IR) at 5.75% 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.

Ingersoll Rand (IR) vs. Northrop Grumman (NOC): A comparison of their Revenue Growth across different time periods.

EPS Growth

Northrop Grumman (NOC) at 2.61% is around its peer norm for EPS growth, while Ingersoll Rand (IR) at -29.61% drops into the bottom quartile, signaling weaker earnings momentum.

Ingersoll Rand (IR) vs. Northrop Grumman (NOC): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Ingersoll Rand (IR) and Northrop Grumman (NOC)
Metric	IR	NOC
Revenue Growth (YoY)	5.75%	2.24%
Revenue Growth (3Y CAGR)	8.95%	4.65%
EPS Growth (YoY)	-29.61%	2.61%
EPS Growth (3Y CAGR)	-0.46%	-2.60%

Financial Strength

Current Ratio (MRQ)

Ingersoll Rand (IR) at 1.69 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.

IR

Capital Goods industry group

1.69

Max: 5.22
Q3: 2.95
Median: 2.08
IR: 1.69
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

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

Debt / Equity (MRQ)

Both Ingersoll Rand (IR) at 0.46 and Northrop Grumman (NOC) at 0.93 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

IR

Capital Goods industry group

0.46

Max: 2.33
Q3: 1.12
Median: 0.60
IR: 0.46
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

Ingersoll Rand (IR) 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 Ingersoll Rand (IR) and Northrop Grumman (NOC)
Metric	IR	NOC
Current Ratio (MRQ)	1.69	1.23
Debt / Equity (MRQ)	0.46	0.93
Net Debt / EBITDA	1.76	1.87

Dividends

Dividend Yield (TTM)

Northrop Grumman (NOC) at 1.82% delivers top-quartile income for its industry, while Ingersoll Rand (IR) at 0.10% pays a more typical yield — both are credible income propositions, NOC the richer one.

IR

Capital Goods industry group

0.10%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
IR: 0.10%
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%

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

Dividend Payout Ratio (TTM)

Ingersoll Rand (IR) at 2.27% pays out a band-typical share of earnings, while Northrop Grumman (NOC) at 30.18% distributes more than its industry norm — less retained, thinner cover.

IR

Capital Goods industry group

2.27%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
IR: 2.27%
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%

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

Dividend Metrics

Dividend metrics for Ingersoll Rand (IR) and Northrop Grumman (NOC)
Metric	IR	NOC
Dividend Yield (TTM)	0.10%	1.82%
Dividend Payout Ratio (TTM)	2.27%	30.18%

Valuation

P/E Ratio (TTM)

Northrop Grumman (NOC) at 16.57 sits in the cheaper P/E ratio quartile, while Ingersoll Rand (IR) at 23.51 is closer to its industry’s usual earnings multiple — a discount for NOC, though growth and earnings durability still matter.

IR

Capital Goods industry group

23.51

Max: 59.38
Q3: 35.92
Median: 25.41
IR: 23.51
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

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

P/S Ratio (TTM)

Northrop Grumman (NOC) at 1.71 is priced about in line with its industry on P/S ratio, while Ingersoll Rand (IR) at 3.96 sits in the pricier quartile — IR costs more per dollar of sales.

IR

Capital Goods industry group

3.96

Max: 7.54
IR: 3.96
Q3: 3.76
Median: 2.15
Q1: 1.03
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

Ingersoll Rand (IR) 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 Ingersoll Rand (IR) at 3.03 and Northrop Grumman (NOC) at 3.99 are valued close to their industries’ norm against book — neither stands out from peers.

IR

Capital Goods industry group

3.03

Max: 9.66
Q3: 5.00
Median: 3.12
IR: 3.03
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

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

Valuation Metrics

Valuation metrics for Ingersoll Rand (IR) and Northrop Grumman (NOC)
Metric	IR	NOC
P/E Ratio (TTM)	23.51	16.57
P/S Ratio (TTM)	3.96	1.71
P/B Ratio (MRQ)	3.03	3.99
Free Cash Flow Yield (TTM)	3.19%	4.21%