Current Assets
Inventories
Northrop Grumman Inventories increased by 10.8% to $1.45B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 8.1%, from $1.58B to $1.45B. Over 5 years (FY 2020 to FY 2025), Inventories shows an upward trend with a 11.5% CAGR.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryEfficiency
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026Apr 21, 2026
How to read this metric
Rising inventory levels may indicate anticipated production growth or potential supply chain bottlenecks and obsolescence risk.
Detailed definition
This includes raw materials, work-in-progress, and finished goods held for production or sale. For a defense contractor,...
Peer comparison
Defense firms often carry significant inventory to mitigate supply chain risks for long-term defense systems.
Metric ID:
inventoriesHistorical 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 | $863M | $872M | $811M | $838M | $909M | $989M | $978M | $1.12B | $1.29B | $1.36B | $1.11B | $1.37B | $1.5B | $1.65B | $1.46B | $1.58B | $1.55B | $1.62B | $1.31B | $1.45B |
| QoQ Change | — | +1.0% | -7.0% | +3.3% | +8.5% | +8.8% | -1.1% | +14.0% | +15.4% | +5.3% | -18.2% | +23.5% | +9.8% | +9.4% | -11.6% | +8.5% | -1.6% | +4.0% | -18.9% | +10.8% |
| YoY Change | — | — | — | — | +5.3% | +13.4% | +20.6% | +33.1% | +41.6% | +37.0% | +13.4% | +22.9% | +16.9% | +21.5% | +31.2% | +15.2% | +3.3% | -1.9% | -10.0% | -8.1% |
Range$811M – $1.65B
CAGR+11.5%
Avg YoY Growth+15.9%
Median YoY Growth+16.0%
Inventories at Other Companies
Frequently Asked Questions
- What is Northrop Grumman's inventories?
- Northrop Grumman (NOC) reported inventories of $1.45B in Q1 2026.
- How has Northrop Grumman's inventories changed year-over-year?
- Northrop Grumman's inventories decreased by 8.1% year-over-year, from $1.58B to $1.45B.
- What is the long-term trend for Northrop Grumman's inventories?
- Over 5 years (2020 to 2025), Northrop Grumman's inventories has grown at a 11.5% compound annual growth rate (CAGR), from $759M to $1.31B.
- What does inventories mean?
- The total value of all materials and products currently held by the company for production or sale.