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 signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
cf_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?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.