Northrop Grumman (NOC) Change in Inventory (2009 - 2026)
Northrop Grumman's Change in Inventory came in at -$26 million for Q2 2026, compared with -$23 million a year earlier.
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Analysis
Northrop Grumman (NOC) Change in Inventory (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Northrop Grumman reported Change in Inventory of -$81 million; for FY2025, it was -$97 million.
- Going back by year, Change in Inventory was $358 million in FY2024 (+62.7%), $220 million in FY2023 (+7.3%), $205 million in FY2022 (+294.2%) and $52 million in FY2021.
- The five-year range for quarterly Change in Inventory is -$276 million (Q4 2025) to $262 million (Q1 2024).
- Year-over-year, Change in Inventory increased in two of the last four quarters, with growth averaging 9.5%.
- The fastest year-over-year change in Change in Inventory over five years came in Q3 2022 (growth of 711.1%), and the weakest in Q1 2022 (a decline of 73.3%).
- Business Quant data shows NOC's Change in Inventory at $144 million (Q1 2026), -$276 million (Q4 2025) and $77 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 324.09 Bn | 278.09 Bn | 4.68 Bn | 109.00 Mn |
| 2 | Rtx | 250.22 Bn | 223.44 Bn | 5.13 Bn | 330.00 Mn |
| 3 | Boeing | 147.08 Bn | 53.78 Bn | 2.41 Bn | 1.23 Bn |
| 4 | Lockheed Martin | 117.51 Bn | 104.24 Bn | 2.45 Bn | 160.00 Mn |
| 5 | Howmet Aerospace | 90.46 Bn | 86.07 Bn | 951.00 Mn | 55.00 Mn |
| 6 | General Dynamics | 89.77 Bn | 76.88 Bn | 2.18 Bn | -80.00 Mn |
| 7 | Motorola Solutions | 73.88 Bn | 70.24 Bn | 1.68 Bn | 156.00 Mn |
| 8 | Northrop Grumman | 68.68 Bn | 57.92 Bn | 2.12 Bn | -26.00 Mn |
| 9 | Honeywell International | 66.86 Bn | 19.30 Bn | 3.65 Bn | 31.00 Mn |
| 10 | TransDigm | 59.83 Bn | 47.91 Bn | 1.63 Bn | 87.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -26.00 Mn |
| Mar 31, 2026 | 144.00 Mn |
| Dec 31, 2025 | -276.00 Mn |
| Sep 30, 2025 | 77.00 Mn |
| Jun 30, 2025 | -23.00 Mn |
| Mar 31, 2025 | 125.00 Mn |
| Dec 31, 2024 | -184.00 Mn |
| Sep 30, 2024 | 144.00 Mn |
| Jun 30, 2024 | 136.00 Mn |
| Mar 31, 2024 | 262.00 Mn |
| Dec 31, 2023 | -176.00 Mn |
| Sep 30, 2023 | 65.00 Mn |
| Jun 30, 2023 | 194.00 Mn |
| Mar 31, 2023 | 137.00 Mn |
| Dec 31, 2022 | 34.00 Mn |
| Sep 30, 2022 | 73.00 Mn |
| Jun 30, 2022 | 71.00 Mn |
| Mar 31, 2022 | 27.00 Mn |
| Dec 31, 2021 | -61.00 Mn |
| Sep 30, 2021 | 9.00 Mn |
API Access
Northrop Grumman Change in Inventory API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-inventory&ticker=NOC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "ticker": "NOC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-inventory&ticker=NOC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();