What is Northrop Grumman's change in inventories?

Northrop Grumman (NOC) reported change in inventories of $144M in Q1 2026.

How has Northrop Grumman's change in inventories changed year-over-year?

Northrop Grumman's change in inventories increased by 15.2% year-over-year, from $125M to $144M.

What does change in inventories mean?

Increase or decrease in inventory levels, directly affecting operating cash flow and working capital.

Northrop Grumman NOC Change in Inventories

Change in Inventories at other companies

BoeingBA

$2.63B+73.2%

General DynamicsGD

-$55M-160%

Raytheon TechnologiesRTX

$813M0.0%

L3Harris TechnologiesLHX

$17M+118%

Lockheed MartinLMT

$727M+482%

nLIGHT, Inc.LASR

-$1.34M-148%

Other financials

Income statement

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Revenue$9.9B+4.4%

Operating income$989.0M+72.6%

Net income$875.0M+81.9%

EPS (diluted)$6.14+84.9%

Balance sheet

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Cash & equivalents$2.1B+24.0%

Total debt$17.1B+2.7%

Total equity$17.1B+14.2%

Total assets$50.0B+3.2%

Cash flow

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Operating cash flow-$1.7B-5.8%

CapEx$167.0M-34.8%

Free cash flow-$1.8B-0.1%

Valuation

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Market cap$72.34B+9.7%

Enterprise value$87.32B+7.3%

P/E15.8×-0.9×

P/S1.7×+0.1×

Profitability

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Operating margin11.6%+2.0pp

Net margin10.8%+1.6pp

FCF margin7.8%+3.4pp

Returns & leverage

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Return on equity28.5%+3.1pp

Debt / equity1×-0.1×

Current ratio1.2×+0.2×

Where this comes from

Reported directly by Northrop Grumman in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInInventories.

The official record: Northrop Grumman’s 10-Q, filed April 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Northrop Grumman's change in inventories?: Northrop Grumman (NOC) reported change in inventories of $144M in Q1 2026.
How has Northrop Grumman's change in inventories changed year-over-year?: Northrop Grumman's change in inventories increased by 15.2% year-over-year, from $125M to $144M.
What does change in inventories mean?: Increase or decrease in inventory levels, directly affecting operating cash flow and working capital.