We are reviewing President Joe Biden's fiscal 2025 defense budget request, released March 11, which is limited by a compromise struck in mid-2023 to avoid government shutdown at only a 1% increase over the 2024 sum.
Northrop Grumman has won the Ground Based Strategic Deterrent and B-21 bomber programs, both of which should drive material top-line growth over the next few decades.
Northrop Grumman depends on U.S. military funding for its sales, which is an inherently political and thus uncertain process.
|
Metric
|
NOC
|
BA
|
LMT
|
|---|---|---|---|
Price/Earnings (Normalized) | 20.77 | — | 16.27 |
Price/Book Value | 4.57 | — | 16.09 |
Price/Sales | 1.74 | 1.33 | 1.69 |
Price/Cash Flow | 17.03 | 55.22 | 14.06 |
|
Metric
|
NOC
|
BA
|
LMT
|
|---|---|---|---|
Quick Ratio | 0.86 | 0.28 | 0.99 |
Current Ratio | 1.15 | 1.14 | 1.21 |
Interest Coverage | 5.30 | 0.18 | 9.84 |
|
Metric
|
NOC
|
BA
|
LMT
|
|---|---|---|---|
Return on Assets (Normalized) | 5.27% | −1.22% | 12.76% |
Return on Equity (Normalized) | 15.47% | — | 78.91% |
Return on Invested Capital (Normalized) | 9.27% | 0.74% | 30.39% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
GE
| GE Aerospace | Tyxrbtswd | Qpnr | $170.2 Bil | |
EADSY
| Airbus SE ADR | Qhtfwlggz | Lkgp | $134.0 Bil | |
RTX
| RTX Corp | Mblyxqtxj | Rmkk | $134.0 Bil | |
LMT
| Lockheed Martin Corp | Fvfmjtsjd | Xhwd | $109.3 Bil | |
BA
| Boeing Co | Rchswtct | Mtxx | $104.4 Bil | |
GD
| General Dynamics Corp | Zdlpgnccp | Mtpt | $78.3 Bil | |
TDG
| TransDigm Group Inc | Mtyqjfdg | Hmlt | $68.2 Bil | |
BAESY
| BAE Systems PLC ADR | Mzbbprlf | Tpzl | $49.7 Bil | |
RYCEY
| Rolls-Royce Holdings PLC ADR | Fdcqnsxmm | Grxskjn | $42.0 Bil |
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