Northrop Grumman Corporation (NOC) vs United Parcel Service, Inc. (UPS)
A side-by-side comparison of Northrop Grumman Corporation and United Parcel Service, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 16, 2026. Differences are shown without an overall score or investment verdict.
NOC
Northrop Grumman Corporation
$577.36IndustrialsDelayed quote: Aug 17, 2026, 11:34 AM EDT
UPS
United Parcel Service, Inc.
$102.78IndustrialsDelayed quote: Aug 17, 2026, 11:34 AM EDT
Total return — NOC vs UPS
growth of $100 · dividends reinvested · last 10yNOC +215.2% (+12.2%/yr)UPS +38.2% (+3.3%/yr)NOC compounded faster over this window
NOC UPS
NOC vs UPS: by the numbers
- •UPS is the larger company ($87.31B vs $82.02B market cap).
- •NOC trades at the lower trailing earnings multiple (18.61 vs 19.42 P/E), one valuation lens rather than an overall verdict.
- •NOC converts more revenue to profit (10.48% vs 5.08% net margin).
- •NOC grew revenue faster over the past five years (2.67% vs 0.98% CAGR).
- •UPS pays the higher dividend yield (6.28% vs 1.60%).
Metrics side by side
Valuation
| Metric | NOC | UPS |
|---|---|---|
| P/E ratio | 18.61 | 19.42 |
| Forward P/E | 20.31 | 14.55 |
| P/S ratio | 1.95 | 0.99 |
| P/B ratio | 4.66 | 5.90 |
| EV / EBITDA | 16.54 | 10.81 |
| FCF yield | 4.37% | 6.17% |
Profitability
| Metric | NOC | UPS |
|---|---|---|
| Gross margin | 20.06% | 16.63% |
| Operating margin | 10.18% | 7.31% |
| Net margin | 10.48% | 5.08% |
| ROE | 25.14% | 30.33% |
| ROIC | 9.21% | 10.40% |
Dividends
| Metric | NOC | UPS |
|---|---|---|
| Dividend yield | 1.60% | 6.28% |
| Payout ratio | 32.26% | 100.00% |
Growth (annualized)
| Metric | NOC | UPS |
|---|---|---|
| Revenue CAGR (5Y) | 2.67% | 0.98% |
| EPS CAGR (5Y) | 8.84% | 33.45% |
| FCF CAGR (5Y) | 6.92% | -7.15% |
| Total return CAGR (5Y) | 11.83% | -7.56% |
Frequently asked
- Which has the lower trailing P/E, NOC or UPS?
- NOC has the lower trailing P/E: NOC trades at 18.61 and UPS at 19.42. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, NOC or UPS?
- Over the past five years, NOC grew revenue faster — NOC at a 2.67% CAGR versus UPS at 0.98%.
- Does NOC or UPS pay a bigger dividend?
- NOC yields 1.60% and UPS yields 6.28% based on trailing dividends and the latest price.
- Is NOC or UPS more profitable?
- NOC runs the higher net margin — NOC at 10.48% versus UPS at 5.08%.
- How have NOC and UPS total returns compared?
- Over the past 10 years, NOC delivered 12.16% and UPS delivered 3.28% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Northrop Grumman P/E ratioUnited Parcel Service P/E ratioNorthrop Grumman dividend yieldUnited Parcel Service dividend yieldNorthrop Grumman ROEUnited Parcel Service ROENorthrop Grumman operating marginUnited Parcel Service operating marginNorthrop Grumman revenue growthUnited Parcel Service revenue growthNorthrop Grumman free cash flowUnited Parcel Service free cash flow
Northrop Grumman & United Parcel Service 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 August 16, 2026.