GE Vernova vs Northrop Grumman
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KIRA’s take AI analyst
I put GE Vernova and Northrop Grumman side by side, using each one’s latest annual report. Here is what stands out:
- Northrop Grumman is the larger business, with $42.0B of revenue in fiscal 2025 against $38.1B for GE Vernova.
- GE Vernova grew revenue faster (9.0%, against 2.2%).
- Northrop Grumman kept more of each dollar of sales as operating profit (10.8% operating margin, against 3.7%).
- GE Vernova turned more of its sales into free cash flow (9.8% FCF margin, against 7.9%).
- Investors pay more for each dollar of GE Vernova’s earnings: a P/E of 23.4x against 17.4x for Northrop Grumman.
Who comes out ahead
Of the 8 measures where higher (or lower) is clearly better, how many each company leads.
GE Vernova
GEV
6/8
Revenue growthNet marginFCF marginReturn on equityPiotroski F-scoreNet debt / EBITDA
Northrop Grumman
NOC
2/8
Operating marginShare count change
Side by side
Best in the row
| Latest fiscal year | GEV FY25 | NOC FY25 |
|---|---|---|
| Size | ||
| Market cap | $220.1B | $78.5B |
| Revenue | $38.1B | $42.0B |
| Free cash flow | $3.7B | $3.3B |
| Net income | $4.9B | $4.2B |
| Growth | ||
| Revenue growth | 9.0% | 2.2% |
| 5-year growth | — | 2.7% |
| Share count change | −0.7% | −2.4% |
| Profitability | ||
| Gross margin | 19.8% | — |
| Operating margin | 3.7% | 10.8% |
| Net margin | 12.8% | 10.0% |
| FCF margin | 9.8% | 7.9% |
| Return on capital | — | 13.5% |
| Return on equity | 47.1% | 26.2% |
| Balance sheet | ||
| Net debt | −$8.5B | $11.3B |
| Net debt / EBITDA | −3.8x | 1.9x |
| Dividends and buybacks | $3.6B | $2.9B |
| Valuation & quality | ||
| P/E | 23.4x | 17.4x |
| Piotroski F-score | 7 | 6 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.