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NOC vs. RTX: Northrop Grumman vs. RTX Stock Comparison

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

Company profile comparison for Northrop Grumman (NOC) and RTX (RTX)
Profile ItemNOCRTX
NameNorthrop Grumman CorporationRTX Corporation
Country/RegionUnited StatesUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryAerospace & DefenseAerospace & Defense
GICS Sub-IndustryAerospace & DefenseAerospace & Defense
Market Capitalization73.73 billion USD266.42 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateDecember 31, 1981April 2, 1962
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

NOC
RTX
GSPC
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Northrop Grumman (NOC) vs. RTX (RTX), 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 RTX (RTX). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Northrop Grumman (NOC) and RTX (RTX)
MetricNOCRTX
Total Return (1Y)-9.52%27.25%
Total Return (3Y, Annualized)8.68%39.75%
Total Return (5Y, Annualized)9.71%21.54%

Risk Profile

Drawdown History

NOC
RTX
GSPC
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Northrop Grumman (NOC) vs. RTX (RTX), 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 RTX (RTX). 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. RTX (RTX) has a non-negative beta of 0.31.

Risk profile metrics for Northrop Grumman (NOC) and RTX (RTX)
MetricNOCRTX
Volatility (1Y, Annualized)27.07%26.06%
Beta (5Y)-0.120.31
Max Drawdown (5Y)-35.13%-32.84%
Avg. Volume (3M)876.25K4.73M

Risk-Adjusted Performance

Risk-Return Positioning

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NOC and RTX 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 RTX (RTX)
MetricNOCRTX
Sharpe Ratio (1Y)-0.510.89
Sortino Ratio (1Y)-0.711.40

Profitability

ROE (TTM)

Northrop Grumman (NOC) at 26.96% sits in the top ROE quartile, while RTX (RTX) at 12.27% is closer to the peer norm — stronger capital efficiency for NOC.

NOC

Capital Goods industry group

26.96%

Max
40.35%
NOC
26.96%
Q3
18.69%
Median
11.55%
Q1
2.89%
Min
-19.86%

RTX

Capital Goods industry group

12.27%

Max
40.35%
Q3
18.69%
RTX
12.27%
Median
11.55%
Q1
2.89%
Min
-19.86%
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Northrop Grumman (NOC) vs. RTX (RTX): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Both Northrop Grumman (NOC) at 10.48% and RTX (RTX) at 8.28% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

NOC

Capital Goods industry group

10.48%

Max
27.47%
Q3
11.71%
NOC
10.48%
Median
5.78%
Q1
0.77%
Min
-14.15%

RTX

Capital Goods industry group

8.28%

Max
27.47%
Q3
11.71%
RTX
8.28%
Median
5.78%
Q1
0.77%
Min
-14.15%
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Northrop Grumman (NOC) vs. RTX (RTX): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Northrop Grumman (NOC) at 11.60% and RTX (RTX) at 12.70% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

NOC

Capital Goods industry group

11.60%

Max
35.46%
Q3
17.39%
NOC
11.60%
Median
10.58%
Q1
4.59%
Min
-12.63%

RTX

Capital Goods industry group

12.70%

Max
35.46%
Q3
17.39%
RTX
12.70%
Median
10.58%
Q1
4.59%
Min
-12.63%
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Northrop Grumman (NOC) vs. RTX (RTX): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Northrop Grumman (NOC) and RTX (RTX)
MetricNOCRTX
ROE (TTM)26.96%12.27%
ROA (TTM)7.15%4.21%
Net Margin (TTM)10.48%8.28%
Operating Margin (TTM)11.60%12.70%
Gross Margin (TTM)20.06%20.35%

Growth

Revenue Growth

Both Northrop Grumman (NOC) at 2.24% and RTX (RTX) at 9.74% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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

EPS Growth

RTX (RTX) at 39.72% sits in the top EPS growth quartile, while Northrop Grumman (NOC) at 2.61% is closer to the peer norm — faster per-share earnings growth for RTX.

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

Growth Metrics

Growth metrics for Northrop Grumman (NOC) and RTX (RTX)
MetricNOCRTX
Revenue Growth (YoY)2.24%9.74%
Revenue Growth (3Y CAGR)4.65%9.72%
EPS Growth (YoY)2.61%39.72%
EPS Growth (3Y CAGR)-2.60%12.32%

Financial Strength

Current Ratio (MRQ)

Both Northrop Grumman (NOC) at 1.17 and RTX (RTX) at 1.01 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

1.17

Max
5.28
Q3
2.99
Median
2.09
Q1
1.45
NOC
1.17
Min
0.76

RTX

Capital Goods industry group

1.01

Max
5.28
Q3
2.99
Median
2.09
Q1
1.45
RTX
1.01
Min
0.76
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Northrop Grumman (NOC) vs. RTX (RTX): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both Northrop Grumman (NOC) at 0.95 and RTX (RTX) at 0.57 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

NOC

Capital Goods industry group

0.95

Max
2.15
Q3
1.09
NOC
0.95
Median
0.57
Q1
0.27
Min
0.00

RTX

Capital Goods industry group

0.57

Max
2.15
Q3
1.09
Median
0.57
RTX
0.57
Q1
0.27
Min
0.00
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Northrop Grumman (NOC) vs. RTX (RTX): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Northrop Grumman (NOC) and RTX (RTX)
MetricNOCRTX
Current Ratio (MRQ)1.171.01
Debt / Equity (MRQ)0.950.57
Net Debt / EBITDA2.031.92

Dividends

Dividend Yield (TTM)

Both Northrop Grumman (NOC) at 1.81% and RTX (RTX) at 1.40% offer top-quartile dividend income relative to share price within their industries.

NOC

Capital Goods industry group

1.81%

Max
2.75%
NOC
1.81%
Q3
1.11%
Median
0.18%
Q1
0.00%
Min
0.00%

RTX

Capital Goods industry group

1.40%

Max
2.75%
RTX
1.40%
Q3
1.11%
Median
0.18%
Q1
0.00%
Min
0.00%
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Northrop Grumman (NOC) vs. RTX (RTX): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Both Northrop Grumman (NOC) at 29.88% and RTX (RTX) at 48.77% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

NOC

Capital Goods industry group

29.88%

Max
72.00%
NOC
29.88%
Q3
28.86%
Median
6.13%
Q1
0.00%
Min
0.00%

RTX

Capital Goods industry group

48.77%

Max
72.00%
RTX
48.77%
Q3
28.86%
Median
6.13%
Q1
0.00%
Min
0.00%
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Northrop Grumman (NOC) vs. RTX (RTX): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Northrop Grumman (NOC) and RTX (RTX)
MetricNOCRTX
Dividend Yield (TTM)1.81%1.40%
Dividend Payout Ratio (TTM)29.88%48.77%

Valuation

P/E Ratio (TTM)

Northrop Grumman (NOC) at 16.50 sits in the cheaper P/E ratio quartile, while RTX (RTX) at 34.86 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

16.50

Max
66.10
Q3
40.43
Median
29.30
Q1
21.19
NOC
16.50
Min
1.09

RTX

Capital Goods industry group

34.86

Max
66.10
Q3
40.43
RTX
34.86
Median
29.30
Q1
21.19
Min
1.09
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Northrop Grumman (NOC) vs. RTX (RTX): 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 1.72 and RTX (RTX) at 2.85 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

NOC

Capital Goods industry group

1.72

Max
9.06
Q3
4.40
Median
2.41
NOC
1.72
Q1
1.19
Min
0.05

RTX

Capital Goods industry group

2.85

Max
9.06
Q3
4.40
RTX
2.85
Median
2.41
Q1
1.19
Min
0.05
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Northrop Grumman (NOC) vs. RTX (RTX): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Northrop Grumman (NOC) at 4.12 and RTX (RTX) at 4.01 are valued close to their industries’ norm against book — neither stands out from peers.

NOC

Capital Goods industry group

4.12

Max
11.10
Q3
5.63
NOC
4.12
Median
3.31
Q1
1.94
Min
-3.52

RTX

Capital Goods industry group

4.01

Max
11.10
Q3
5.63
RTX
4.01
Median
3.31
Q1
1.94
Min
-3.52
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Northrop Grumman (NOC) vs. RTX (RTX): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Northrop Grumman (NOC) and RTX (RTX)
MetricNOCRTX
P/E Ratio (TTM)16.5034.86
P/S Ratio (TTM)1.722.85
P/B Ratio (MRQ)4.124.01
Free Cash Flow Yield (TTM)3.36%3.71%