CapEx
Northrop Grumman CapEx decreased by 74.8% to $167.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 34.8%, from $256.00M to $167.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows relatively stable performance with a 0.6% CAGR.
Analysis
How to read this metric
An increase often signals growth initiatives and capacity expansion, while a decrease may suggest cost-cutting or a shift toward asset-light strategies.
Detailed definition
This metric measures the cash outflows used to acquire, upgrade, and maintain physical assets such as property, building...
Peer comparison
Commonly compared as a percentage of revenue; capital-intensive firms like Abbott require consistent investment to remain competitive in medical technology.
capital_expendituresHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $230.00M | $247.00M | $733.00M | $244.00M | $263.00M | $296.00M | $632.00M | $309.00M | $304.00M | $359.00M | $803.00M | $270.00M | $320.00M | $361.00M | $816.00M | $256.00M | $231.00M | $301.00M | $662.00M | $167.00M |
| QoQ Change | — | +7.4% | +196.8% | -66.7% | +7.8% | +12.5% | +113.5% | -51.1% | -1.6% | +18.1% | +123.7% | -66.4% | +18.5% | +12.8% | +126.0% | -68.6% | -9.8% | +30.3% | +119.9% | -74.8% |
| YoY Change | — | — | — | — | +14.3% | +19.8% | -13.8% | +26.6% | +15.6% | +21.3% | +27.1% | -12.6% | +5.3% | +0.6% | +1.6% | -5.2% | -27.8% | -16.6% | -18.9% | -34.8% |
Business Segments
| Segment | Q3 '22 | Q4 '22 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 |
|---|---|---|---|---|---|---|---|---|
| Aeronautics Systems | $122.50M | $122.50M | $84.00M | $116.00M | $139.00M | $79.00M | $69.00M | $102.00M |
| Space Systems | $132.25M | $132.25M | $127.00M | $146.00M | $128.00M | $110.00M | $71.00M | $70.00M |
| Mission Systems | $62.00M | $62.00M | $43.00M | $38.00M | $62.00M | $39.00M | $47.00M | $66.00M |
| Corporate | $14.50M | $14.50M | $8.00M | $6.00M | $8.00M | $16.00M | $33.00M | $42.00M |
| Defense Systems | $27.50M | $27.50M | $8.00M | $14.00M | $24.00M | $12.00M | $11.00M | $21.00M |
| Total | $296.00M | $632.00M | $270.00M | $320.00M | $361.00M | $256.00M | $231.00M | $301.00M |
Aeronautics Systems, Corporate, Defense Systems, Mission Systems, Space Systems were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
CapEx at Other Companies
Frequently Asked Questions
- What is Northrop Grumman's capex?
- Northrop Grumman (NOC) reported capex of $167.00M in Q1 2026.
- How has Northrop Grumman's capex changed year-over-year?
- Northrop Grumman's capex decreased by 34.8% year-over-year, from $256.00M to $167.00M.
- What is the long-term trend for Northrop Grumman's capex?
- Over 4 years (2021 to 2025), Northrop Grumman's capex has grown at a 0.6% compound annual growth rate (CAGR), from $1.42B to $1.45B.
- What does capex mean?
- Cash spent on purchasing or maintaining physical assets like machinery and facilities.