Discontinued — last reported Q3 '23
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. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryEfficiency
SignalHigher is better
VolatilityModerate
First reportedQ4 2018
Last reportedQ3 2023
How to read this metric
An increase suggests strong project progress or service delivery ahead of billing cycles; a decrease may indicate slower project completion or faster billing.
Detailed definition
This represents the entity's right to consideration in exchange for goods or services that the entity has transferred to...
Peer comparison
Standard for companies with long-term service or construction-type contracts.
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 for work performed but not yet billed to the customer.