Is EMR or NOC cheaper?

On trailing earnings, NOC is cheaper: EMR trades at a 32.11 P/E and NOC at 16.27.

Which has grown faster, EMR or NOC?

Over the past five years, NOC grew revenue faster — EMR at a 1.43% CAGR versus NOC at 2.56%.

Does EMR or NOC pay a bigger dividend?

EMR yields 1.60% and NOC yields 1.90% based on trailing dividends and the latest price.

Is EMR or NOC more profitable?

EMR runs the higher net margin — EMR at 13.35% versus NOC at 10.80%.

Which has been the better investment, EMR or NOC?

Over the past 10-year, EMR delivered the higher annualized total return — EMR at 13.08% versus NOC at 10.66%. Past performance doesn't predict future results.

Emerson Electric Co. (EMR) vs Northrop Grumman Corporation (NOC)

NOC leads on 10 of 17 compared metrics.

A side-by-side comparison of Emerson Electric Co. and Northrop Grumman Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 2, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Northrop Grumman Corporation

$77.98B

$549.01Industrials

Total return — EMR vs NOC

growth of $100 · last 30y

EMR +521.7%NOC +1576.7%NOC compounded faster

EMR NOC

EMR vs NOC: by the numbers

•NOC is the larger company ($77.98B vs $77.88B market cap).
•NOC trades at the lower earnings multiple (16.27 vs 32.11 P/E).
•EMR converts more revenue to profit (13.35% vs 10.80% net margin).
•NOC grew revenue faster over the past five years (2.56% vs 1.43% CAGR).
•NOC pays the higher dividend yield (1.90% vs 1.60%).

Which is better, EMR or NOC?

Metric tally: EMR 7 · NOC 10

It depends on what you're optimizing for:

ValueNOC(lower P/E)

GrowthNOC(faster 5Y revenue CAGR)

IncomeNOC(higher dividend yield)

QualityNOC(higher ROIC)

Metrics side by side

Valuation

Metric	EMR	NOC
P/E ratio	32.11	16.27●
Forward P/E	19.29	17.24●
P/S ratio	4.27	1.75●
P/B ratio	3.86●	4.33
PEG ratio	1.78●	7.41
EV / EBITDA	17.64	14.36●
FCF yield	3.98%	4.46%●

Profitability

Metric	EMR	NOC
Gross margin	52.66%●	20.52%
Operating margin	19.96%●	11.08%
Net margin	13.35%●	10.80%
ROE	12.04%	26.74%●
ROIC	7.26%	9.21%●

Dividends

Metric	EMR	NOC
Dividend yield	1.60%	1.90%●
Payout ratio	54.55%	33.91%

Growth (annualized)

Metric	EMR	NOC
Revenue CAGR (5Y)	1.43%	2.56%●
EPS CAGR (5Y)	4.54%	8.84%●
FCF CAGR (5Y)	-0.23%●	-3.15%
Total return CAGR (5Y)	9.56%●	8.93%

Frequently asked

Which is better, EMR or NOC?: It depends on your goal. value: NOC (lower P/E); growth: NOC (faster 5Y revenue CAGR); income: NOC (higher dividend yield); quality: NOC (higher ROIC). Across all compared metrics, NOC leads 10 to 7.
Is EMR or NOC cheaper?: On trailing earnings, NOC is cheaper: EMR trades at a 32.11 P/E and NOC at 16.27.
Which has grown faster, EMR or NOC?: Over the past five years, NOC grew revenue faster — EMR at a 1.43% CAGR versus NOC at 2.56%.
Does EMR or NOC pay a bigger dividend?: EMR yields 1.60% and NOC yields 1.90% based on trailing dividends and the latest price.
Is EMR or NOC more profitable?: EMR runs the higher net margin — EMR at 13.35% versus NOC at 10.80%.
Which has been the better investment, EMR or NOC?: Over the past 10-year, EMR delivered the higher annualized total return — EMR at 13.08% versus NOC at 10.66%. Past performance doesn't predict future results.

Go deeper

Full EMR analysis Full NOC analysis Interactive comparison tool

Dig into the metrics

Emerson Electric P/E ratio Northrop Grumman P/E ratio Emerson Electric dividend yield Northrop Grumman dividend yield Emerson Electric ROE Northrop Grumman ROE Emerson Electric operating margin Northrop Grumman operating margin Emerson Electric revenue growth Northrop Grumman revenue growth Emerson Electric free cash flow Northrop Grumman free cash flow

Emerson Electric & Northrop Grumman appear in these rankings

Dividend Aristocrats Highest ROE Stocks Highest FCF Yield Stocks Best 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 2, 2026.