What is Northrop Grumman's deferred tax assets?

Northrop Grumman (NOC) reported deferred tax assets of $743M in Q1 2026.

How has Northrop Grumman's deferred tax assets changed year-over-year?

Northrop Grumman's deferred tax assets decreased by 54.5% year-over-year, from $1.63B to $743M.

What is the long-term trend for Northrop Grumman's deferred tax assets?

Over 5 years (2020 to 2025), Northrop Grumman's deferred tax assets has grown at a 27.6% compound annual growth rate (CAGR), from $311M to $1.05B.

What does deferred tax assets mean?

Future tax savings that the company expects to realize due to timing differences between accounting and tax rules.

Non-Current Assets

Deferred Tax Assets

Northrop Grumman Deferred Tax Assets decreased by 29.3% to $743M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 54.5%, from $1.63B to $743M. Over 5 years (FY 2020 to FY 2025), Deferred Tax Assets shows an upward trend with a 27.6% CAGR.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Assets

CategoryOther

SignalContext dependent

VolatilityModerate

First reportedQ4 2019

Last reportedQ1 2026Apr 21, 2026

How to read this metric

An increase suggests future tax benefits, while a decrease may indicate the utilization of those benefits or changes in tax valuation allowances.

Detailed definition

These are assets created when the company pays more in taxes than the amount recognized as tax expense in the financial...

Peer comparison

Common in large corporations with complex tax structures and significant long-term capital investments.

Metric ID: non_current_assets_deferred_income_tax_assets_net

Historical 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	$433M	$418M	$200M	$220M	$239M	$233M	$162M	$234M	$452M	$330M	$1.02B	$1.12B	$1.25B	$1.41B	$1.6B	$1.63B	$1.71B	$1.26B	$1.05B	$743M
QoQ Change	—	-3.5%	-52.2%	+10.0%	+8.6%	-2.5%	-30.5%	+44.4%	+93.2%	-27.0%	+209.1%	+10.1%	+11.3%	+12.6%	+13.6%	+2.1%	+4.9%	-26.7%	-16.3%	-29.3%
YoY Change	—	—	—	—	-44.8%	-44.3%	-19.0%	+6.4%	+89.1%	+41.6%	+529.6%	+379.9%	+176.5%	+326.4%	+56.8%	+45.4%	+37.0%	-10.8%	-34.3%	-54.5%

Range$162M – $1.71B

CAGR+12.0%

Avg YoY Growth+92.6%

Median YoY Growth+39.3%

Current Streak3 quarters decline

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Frequently Asked Questions

What is Northrop Grumman's deferred tax assets?: Northrop Grumman (NOC) reported deferred tax assets of $743M in Q1 2026.
How has Northrop Grumman's deferred tax assets changed year-over-year?: Northrop Grumman's deferred tax assets decreased by 54.5% year-over-year, from $1.63B to $743M.
What is the long-term trend for Northrop Grumman's deferred tax assets?: Over 5 years (2020 to 2025), Northrop Grumman's deferred tax assets has grown at a 27.6% compound annual growth rate (CAGR), from $311M to $1.05B.
What does deferred tax assets mean?: Future tax savings that the company expects to realize due to timing differences between accounting and tax rules.