Illinois Tool Works Inc. (ITW) vs Northrop Grumman Corporation (NOC)
A side-by-side comparison of Illinois Tool Works Inc. and Northrop Grumman Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
ITW
Illinois Tool Works Inc.
$272.53IndustrialsDelayed quote: Sep 28, 2026, 11:55 AM EDT
NOC
Northrop Grumman Corporation
$510.63IndustrialsDelayed quote: Sep 28, 2026, 11:55 AM EDT
Total return — ITW vs NOC
growth of $100 · dividends reinvested · last 10yITW +186.6% (+11.1%/yr)NOC +187.4% (+11.1%/yr)NOC compounded faster over this window
ITW NOC
ITW vs NOC: by the numbers
- •ITW is the larger company ($78.41B vs $72.54B market cap).
- •NOC trades at the lower trailing earnings multiple (16.22 vs 24.71 P/E), one valuation lens rather than an overall verdict.
- •ITW converts more revenue to profit (19.39% vs 10.48% net margin).
- •ITW grew revenue faster over the past five years (3.30% vs 2.67% CAGR).
- •ITW pays the higher dividend yield (2.40% vs 1.84%).
Metrics side by side
Valuation
| Metric | ITW | NOC |
|---|---|---|
| P/E ratio | 24.71 | 16.22 |
| Forward P/E | 23.84 | 17.65 |
| P/S ratio | 4.76 | 1.69 |
| P/B ratio | 27.09 | 4.06 |
| EV / EBITDA | 18.65 | 14.69 |
| FCF yield | 3.73% | 5.03% |
Profitability
| Metric | ITW | NOC |
|---|---|---|
| Gross margin | 44.16% | 20.06% |
| Operating margin | 26.50% | 10.18% |
| Net margin | 19.39% | 10.48% |
| ROE | 110.37% | 25.14% |
| ROIC | 24.71% | 9.97% |
Dividends
| Metric | ITW | NOC |
|---|---|---|
| Dividend yield | 2.40% | 1.84% |
| Payout ratio | 58.39% | 30.37% |
Growth (annualized)
| Metric | ITW | NOC |
|---|---|---|
| Revenue CAGR (5Y) | 3.30% | 2.67% |
| EPS CAGR (5Y) | 9.58% | 8.84% |
| FCF CAGR (5Y) | 4.41% | 6.92% |
| Total return CAGR (5Y) | 6.63% | 9.71% |
Frequently asked
- Which has the lower trailing P/E, ITW or NOC?
- NOC has the lower trailing P/E: ITW trades at 24.71 and NOC at 16.22. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, ITW or NOC?
- Over the past five years, ITW grew revenue faster — ITW at a 3.30% CAGR versus NOC at 2.67%.
- Does ITW or NOC pay a bigger dividend?
- ITW yields 2.40% and NOC yields 1.84% based on trailing dividends and the latest price.
- Is ITW or NOC more profitable?
- ITW runs the higher net margin — ITW at 19.39% versus NOC at 10.48%.
Go deeper
Dig into the metrics
Illinois Tool Works P/E ratioNorthrop Grumman P/E ratioIllinois Tool Works dividend yieldNorthrop Grumman dividend yieldIllinois Tool Works ROENorthrop Grumman ROEIllinois Tool Works operating marginNorthrop Grumman operating marginIllinois Tool Works revenue growthNorthrop Grumman revenue growthIllinois Tool Works free cash flowNorthrop Grumman free cash flow
Illinois Tool Works & Northrop Grumman appear in these rankings
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 September 13, 2026.