NOC vs. BWXT
NOC (Northrop Grumman Corporation) and BWXT (BWX Technologies, Inc.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, NOC returned 11.28%/yr vs 17.77%/yr for BWXT. Their 0.39 correlation means their historical movements had little consistent relationship.
Performance
NOC vs. BWXT - Performance Comparison
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Returns By Period
In the year-to-date period, NOC achieves a -4.14% return, which is significantly lower than BWXT's -2.13% return. Over the past 10 years, NOC has underperformed BWXT with an annualized return of 11.28%, while BWXT has yielded a comparatively higher 17.77% annualized return.
NOC
- 1D
- 1.43%
- 1M
- -1.19%
- 6M
- -21.04%
- YTD
- -4.14%
- 1Y
- -6.05%
- 3Y*
- 8.36%
- 5Y*
- 10.13%
- 10Y*
- 11.28%
- ALL TIME*
- 12.46%
BWXT
- 1D
- 1.88%
- 1M
- -11.70%
- 6M
- -17.66%
- YTD
- -2.13%
- 1Y
- 13.47%
- 3Y*
- 35.65%
- 5Y*
- 25.48%
- 10Y*
- 17.77%
- ALL TIME*
- 16.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $144.95M | $152.77M | $192.56M | |
| $545.76M | $521.87M | $523.59M |
NOC vs. BWXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOC Northrop Grumman Corporation | -4.14% | 23.61% | 1.93% | -12.79% | 43.02% | 29.29% | -9.92% | 42.69% | -18.95% | 33.88% |
BWXT BWX Technologies, Inc. | -2.13% | 56.37% | 46.53% | 33.87% | 23.30% | -19.40% | -1.54% | 64.48% | -36.10% | 53.59% |
Correlation
The correlation between NOC and BWXT is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2010 | 0.39 |
The correlation between NOC and BWXT shifts across timeframes, from 0.24 (3 years) to 0.39 (all time), reflecting how their relationship changes across market environments.
Fundamentals
NOC:
$77.07B
BWXT:
$15.46B
NOC:
$31.48
BWXT:
$3.75
NOC:
17.23
BWXT:
44.96
NOC:
2.54
BWXT:
11.88
NOC:
1.81
BWXT:
4.59
NOC:
4.32
BWXT:
12.11
NOC:
$42.89B
BWXT:
$3.38B
NOC:
$8.60B
BWXT:
$566.27M
NOC:
$6.84B
BWXT:
$534.48M
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Return for Risk
NOC vs. BWXT — Risk / Return Rank
NOC
BWXT
NOC vs. BWXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northrop Grumman Corporation (NOC) and BWX Technologies, Inc. (BWXT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NOC | BWXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.09 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 0.35 | -0.47 |
| Martin ratioReturn relative to average drawdown | -0.27 | 0.89 | -1.16 |
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Drawdowns
NOC vs. BWXT - Drawdown Comparison
The maximum NOC drawdown since its inception was -71.12%, which is greater than BWXT's maximum drawdown of -47.88%. Use the drawdown chart below to compare losses from any high point for NOC and BWXT.
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Drawdown Indicators
| NOC | BWXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.12% | -47.88% | -23.24% |
Max Drawdown (1Y)Largest decline over 1 year | -35.13% | -33.88% | -1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -35.13% | -33.88% | -1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -35.13% | -33.88% | -1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -36.38% | -47.74% | +11.36% |
Current DrawdownCurrent decline from peak | -29.06% | -29.15% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -18.44% | -13.24% | -5.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.55% | 13.12% | +3.43% |
Volatility
NOC vs. BWXT - Volatility Comparison
The current volatility for Northrop Grumman Corporation (NOC) is 8.69%, while BWX Technologies, Inc. (BWXT) has a volatility of 13.83%. This indicates that NOC experiences smaller price fluctuations and is considered to be less risky than BWXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOC | BWXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.69% | 13.83% | -5.14% |
Volatility (6M)Calculated over the trailing 6-month period | 20.69% | 34.59% | -13.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.15% | 47.14% | -20.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.67% | 33.57% | -7.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.65% | 31.18% | -5.53% |
Dividends
NOC vs. BWXT - Dividend Comparison
NOC's dividend yield for the trailing twelve months is around 1.73%, more than BWXT's 0.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BWXT BWX Technologies, Inc. | 0.62% | 0.58% | 0.86% | 1.20% | 1.52% | 1.75% | 1.26% | 1.10% | 1.67% | 0.69% | 0.91% | 30.37% |
NOC Northrop Grumman Corporation | 1.73% | 1.58% | 1.72% | 1.57% | 1.24% | 1.59% | 1.86% | 1.50% | 1.92% | 1.27% | 1.50% | 1.64% |
Financials
NOC vs. BWXT - Financials Comparison
This section allows you to compare key financial metrics between Northrop Grumman Corporation and BWX Technologies, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
NOC vs. BWXT - Profitability Comparison
NOC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Northrop Grumman Corporation reported a gross profit of 2.12B and revenue of 10.88B. Therefore, the gross margin over that period was 19.5%.
BWXT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, BWX Technologies, Inc. reported a gross profit of 0.00 and revenue of 860.22M. Therefore, the gross margin over that period was 0.0%.
NOC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Northrop Grumman Corporation reported an operating income of 1.10B and revenue of 10.88B, resulting in an operating margin of 10.1%.
BWXT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, BWX Technologies, Inc. reported an operating income of 106.69M and revenue of 860.22M, resulting in an operating margin of 12.4%.
NOC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Northrop Grumman Corporation reported a net income of 1.09B and revenue of 10.88B, resulting in a net margin of 10.1%.
BWXT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, BWX Technologies, Inc. reported a net income of 91.19M and revenue of 860.22M, resulting in a net margin of 10.6%.
Frequently Asked Questions
NOC and BWXT have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BWXT has higher volatility (13.83%) compared to NOC (8.69%). In terms of maximum drawdown, NOC dropped -71.12% vs BWXT's -47.88%.
BWXT currently has the higher Sharpe Ratio (0.25 vs -0.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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