NOC vs. OTIS: Northrop Grumman vs. Otis Worldwide Stock Comparison

November 11, 2026

How do Northrop Grumman (NOC) and Otis Worldwide (OTIS) 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

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

Northrop Grumman (NOC) has more than two decades of public-market history since December 31, 1981, whereas Otis Worldwide (OTIS) listed on March 19, 2020 and has a much shorter record to draw on.

Company profile comparison for Northrop Grumman (NOC) and Otis Worldwide (OTIS)
Profile Item	NOC	OTIS
Name	Northrop Grumman Corporation	Otis Worldwide Corporation
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Aerospace & Defense	Machinery
GICS Sub-Industry	Aerospace & Defense	Industrial Machinery & Supplies & Components
Market Capitalization	74.59 billion USD	30.06 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	December 31, 1981	March 19, 2020
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

NOC

OTIS

GSPC

Northrop Grumman (NOC) vs. Otis Worldwide (OTIS), 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 Northrop Grumman (NOC) and Otis Worldwide (OTIS). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Northrop Grumman (NOC) and Otis Worldwide (OTIS)
Metric	NOC	OTIS
Total Return (1Y)	-3.34%	-10.81%
Total Return (3Y, Annualized)	7.23%	1.33%
Total Return (5Y, Annualized)	9.98%	0.66%

Risk Profile

Drawdown History

NOC

OTIS

GSPC

Northrop Grumman (NOC) vs. Otis Worldwide (OTIS), 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 Northrop Grumman (NOC) and Otis Worldwide (OTIS). 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. Otis Worldwide (OTIS) has a non-negative beta of 0.85.

Risk profile metrics for Northrop Grumman (NOC) and Otis Worldwide (OTIS)
Metric	NOC	OTIS
Volatility (1Y, Annualized)	28.86%	23.24%
Beta (5Y)	-0.12	0.85
Max Drawdown (5Y)	-37.80%	-37.22%
Avg. Volume (3M)	902.47K	4.42M

Risk-Adjusted Performance

Risk-Return Positioning

NOC and OTIS 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 Northrop Grumman (NOC) and Otis Worldwide (OTIS)
Metric	NOC	OTIS
Sharpe Ratio (1Y)	-0.26	-0.65
Sortino Ratio (1Y)	-0.37	-0.92

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Northrop Grumman (NOC) earns 26.07% on shareholders’ equity, ranked against its industry; Otis Worldwide (OTIS) has no ROE this period.

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%

OTIS

Capital Goods industry group

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

Northrop Grumman (NOC) vs. Otis Worldwide (OTIS): OTIS does not report ROE, so it has no value marker; NOC is benchmarked against the Capital Goods industry group.

Net Margin (TTM)

Both Northrop Grumman (NOC) at 10.37% and Otis Worldwide (OTIS) at 10.28% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

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%

OTIS

Capital Goods industry group

10.28%

Max: 27.47%
Q3: 12.10%
OTIS: 10.28%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Both Northrop Grumman (NOC) at 12.91% and Otis Worldwide (OTIS) at 15.97% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

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%

OTIS

Capital Goods industry group

15.97%

Max: 36.60%
Q3: 18.33%
OTIS: 15.97%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Northrop Grumman (NOC) and Otis Worldwide (OTIS)
Metric	NOC	OTIS
ROE (TTM)	26.07%	--
ROA (TTM)	7.11%	13.26%
Net Margin (TTM)	10.37%	10.28%
Operating Margin (TTM)	12.91%	15.97%
Gross Margin (TTM)	20.03%	29.95%

Growth

Revenue Growth

Northrop Grumman (NOC) at 2.24% is around its peer norm for revenue growth, while Otis Worldwide (OTIS) at 1.19% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Northrop Grumman (NOC) vs. Otis Worldwide (OTIS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Northrop Grumman (NOC) at 2.61% and Otis Worldwide (OTIS) at -14.00% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Northrop Grumman (NOC) vs. Otis Worldwide (OTIS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Northrop Grumman (NOC) and Otis Worldwide (OTIS)
Metric	NOC	OTIS
Revenue Growth (YoY)	2.24%	1.19%
Revenue Growth (3Y CAGR)	4.65%	1.79%
EPS Growth (YoY)	2.61%	-14.00%
EPS Growth (3Y CAGR)	-2.60%	5.74%

Financial Strength

Current Ratio (MRQ)

Both Northrop Grumman (NOC) at 1.23 and Otis Worldwide (OTIS) at 0.86 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

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

OTIS

Capital Goods industry group

0.86

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
OTIS: 0.86
Min: 0.36

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

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Northrop Grumman (NOC) carries debt-to-equity ratio of 0.93 against its industry range, while Otis Worldwide (OTIS) reports no figure this period.

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

OTIS

Capital Goods industry group

Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00
OTIS: --

Northrop Grumman (NOC) vs. Otis Worldwide (OTIS): OTIS does not report debt-to-equity ratio, so it has no value marker; NOC is benchmarked against the Capital Goods industry group.

Financial Strength Metrics

Financial strength metrics for Northrop Grumman (NOC) and Otis Worldwide (OTIS)
Metric	NOC	OTIS
Current Ratio (MRQ)	1.23	0.86
Debt / Equity (MRQ)	0.93	--
Net Debt / EBITDA	1.87	3.12

Dividends

Dividend Yield (TTM)

Both Northrop Grumman (NOC) at 1.82% and Otis Worldwide (OTIS) at 2.16% offer top-quartile dividend income relative to share price within their industries.

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%

OTIS

Capital Goods industry group

2.16%

Max: 2.66%
OTIS: 2.16%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both Northrop Grumman (NOC) at 30.18% and Otis Worldwide (OTIS) at 42.79% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

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%

OTIS

Capital Goods industry group

42.79%

Max: 67.39%
OTIS: 42.79%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Northrop Grumman (NOC) and Otis Worldwide (OTIS)
Metric	NOC	OTIS
Dividend Yield (TTM)	1.82%	2.16%
Dividend Payout Ratio (TTM)	30.18%	42.79%

Valuation

P/E Ratio (TTM)

Northrop Grumman (NOC) at 16.57 sits in the cheaper P/E ratio quartile, while Otis Worldwide (OTIS) at 19.64 is closer to its industry’s usual earnings multiple — a discount for NOC, though growth and earnings durability still matter.

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

OTIS

Capital Goods industry group

19.64

Max: 59.38
Q3: 35.92
Median: 25.41
OTIS: 19.64
Q1: 19.47
Min: 3.03

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

P/S Ratio (TTM)

On P/S ratio, both Northrop Grumman (NOC) at 1.71 and Otis Worldwide (OTIS) at 1.99 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

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

OTIS

Capital Goods industry group

1.99

Max: 7.54
Q3: 3.76
Median: 2.15
OTIS: 1.99
Q1: 1.03
Min: 0.03

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

P/B Ratio (MRQ)

Otis Worldwide (OTIS) reports a negative P/B ratio of -5.54, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Northrop Grumman (NOC) reports 3.99, ranking against industry peers normally.

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

OTIS

Capital Goods industry group

-5.54

Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08
OTIS: -5.54

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

Valuation Metrics

Valuation metrics for Northrop Grumman (NOC) and Otis Worldwide (OTIS)
Metric	NOC	OTIS
P/E Ratio (TTM)	16.57	19.64
P/S Ratio (TTM)	1.71	1.99
P/B Ratio (MRQ)	3.99	-5.54
Free Cash Flow Yield (TTM)	4.21%	4.61%