Non-Current Assets
Operating Lease ROU Assets
Northrop Grumman Operating Lease ROU Assets increased by 3.6% to $1.93B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 5.4%, from $1.83B to $1.93B. Over 5 years (FY 2020 to FY 2025), Operating Lease ROU Assets shows an upward trend with a 3.9% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryLeverage
SignalContext dependent
VolatilityStable
First reportedQ4 2018
Last reportedQ1 2026Apr 21, 2026
How to read this metric
An increase reflects expanded leasing activity, which may be a strategic choice to preserve capital versus purchasing assets.
Detailed definition
This represents the right to use a leased asset over the lease term, recognized on the balance sheet under accounting st...
Peer comparison
Standardized across industries following recent accounting changes for lease recognition.
Metric ID:
non_current_assets_operating_lease_right_of_use_assetHistorical 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 | $1.58B | $1.55B | $1.66B | $1.7B | $1.67B | $1.68B | $1.81B | $1.78B | $1.76B | $1.71B | $1.82B | $1.76B | $1.82B | $1.78B | $1.77B | $1.83B | $1.78B | $1.78B | $1.86B | $1.93B |
| QoQ Change | — | -1.5% | +6.6% | +2.8% | -1.9% | +0.7% | +7.8% | -1.8% | -0.9% | -2.8% | +6.1% | -3.0% | +3.4% | -2.4% | -0.5% | +3.2% | -2.4% | +0.0% | +4.3% | +3.6% |
| YoY Change | — | — | — | — | +6.0% | +8.2% | +9.4% | +4.5% | +5.6% | +2.0% | +0.4% | -0.9% | +3.4% | +3.8% | -2.6% | +3.6% | -2.2% | +0.2% | +5.0% | +5.4% |
Range$1.55B – $1.93B
CAGR+4.3%
Avg YoY Growth+3.2%
Median YoY Growth+3.7%
Current Streak3 quarters growth
Operating Lease ROU Assets at Other Companies
Frequently Asked Questions
- What is Northrop Grumman's operating lease rou assets?
- Northrop Grumman (NOC) reported operating lease rou assets of $1.93B in Q1 2026.
- How has Northrop Grumman's operating lease rou assets changed year-over-year?
- Northrop Grumman's operating lease rou assets increased by 5.4% year-over-year, from $1.83B to $1.93B.
- What is the long-term trend for Northrop Grumman's operating lease rou assets?
- Over 5 years (2020 to 2025), Northrop Grumman's operating lease rou assets has grown at a 3.9% compound annual growth rate (CAGR), from $1.53B to $1.86B.
- What does operating lease rou assets mean?
- The value of the right to use leased property or equipment over the life of the lease.