Current Assets
Contract Assets
Northrop Grumman Contract Assets increased by 15.5% to $7.56B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 10.2%, from $6.86B to $7.56B. Over 5 years (FY 2020 to FY 2025), Contract Assets shows an upward trend with a 4.9% CAGR.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryEfficiency
SignalContext dependent
VolatilityModerate
First reportedQ4 2019
Last reportedQ1 2026Apr 21, 2026
How to read this metric
A growing balance may indicate strong project progress, but excessive growth relative to revenue could signal potential billing or collection bottlenecks.
Detailed definition
Contract assets represent the company's right to consideration for work completed under a contract that has not yet been...
Peer comparison
Standard for firms using percentage-of-completion accounting; peers in construction often carry significant contract asset balances.
Metric ID:
contract_assetsHistorical Data
20 periods
| 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 | $5.42B | $5.67B | $5.49B | $6.12B | $6.21B | $6.43B | $5.98B | $6.22B | $5.87B | $6.27B | $5.69B | $6.45B | $6.43B | $6.52B | $5.91B | $6.86B | $7.13B | $7.03B | $6.54B | $7.56B |
| QoQ Change | — | +4.7% | -3.2% | +11.4% | +1.5% | +3.5% | -7.0% | +3.9% | -5.6% | +6.8% | -9.2% | +13.3% | -0.2% | +1.3% | -9.4% | +16.1% | +4.0% | -1.4% | -6.9% | +15.5% |
| YoY Change | — | — | — | — | +14.6% | +13.3% | +8.9% | +1.6% | -5.5% | -2.5% | -4.8% | +3.8% | +9.6% | +4.0% | +3.8% | +6.3% | +10.9% | +7.9% | +10.8% | +10.2% |
Range$5.42B – $7.56B
CAGR+7.3%
Avg YoY Growth+5.8%
Median YoY Growth+7.1%
Contract Assets at Other Companies
Frequently Asked Questions
- What is Northrop Grumman's contract assets?
- Northrop Grumman (NOC) reported contract assets of $7.56B in Q1 2026.
- How has Northrop Grumman's contract assets changed year-over-year?
- Northrop Grumman's contract assets increased by 10.2% year-over-year, from $6.86B to $7.56B.
- What is the long-term trend for Northrop Grumman's contract assets?
- Over 5 years (2020 to 2025), Northrop Grumman's contract assets has grown at a 4.9% compound annual growth rate (CAGR), from $5.14B to $6.54B.
- What does contract assets mean?
- Revenue earned from projects that has not yet been invoiced to the customer.