• Northrop Grumman average return on tangible equity for 2024 was -90.05, a 37.31% increase from 2023.
• Northrop Grumman average return on tangible equity for 2023 was -143.65, a 27.45% decline from 2022.
• Northrop Grumman average return on tangible equity for 2022 was -112.71, a 61.82% increase from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.