Lockheed Martin Financials

LMT Stock  USD 627.43  -10.08  -1.58%   
Lockheed Martin financial framework integrates liquidity support with earnings capacity. Profitability levels reflect stable operating returns across recent reporting periods. In industrial sectors, operating leverage, working capital efficiency, and backlog visibility are important indicators. Depreciation And Amortization is evolving in line with broader financial reporting trends. During the previous reporting period, Depreciation And Amortization was 714 Million. As of last week, Income Tax Expense is projected to grow to approximately 975 M, whereas Gross Profit is moving lower toward slightly above 4.7 B.
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Lockheed Martin Balance Sheet Account Activities

Reporting trends point to Common Stock Total Equity deteriorating compared to prior-year levels. Year-ago financials show Lockheed Martin with Common Stock Total Equity of 228.6 Million. As of last week, Property Plant And Equipment Gross is projected to grow to approximately 24.3 B, whereas Total Current Liabilities is moving lower toward slightly above 12.6 B.

Key indicators impacting Lockheed Martin's financial strength

Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.05660.0838
Way Down
Slightly volatile
Operating Income4.8 B7.7 B
Way Down
Slightly volatile
Current Ratio0.941.0869
Fairly Down
Pretty Stable
Net Receivables17.7 B16.9 B
Sufficiently Up
Slightly volatile
Total Revenue46.2 B75.1 B
Way Down
Slightly volatile
Total Assets40 B59.8 B
Way Down
Slightly volatile
Analyzing Lockheed Martin's balance sheet across multiple periods reveals whether the business is accumulating financial strength or gradually taking on more risk. Investors should track Lockheed Martin's net debt trajectory over time. Lockheed Martin reported $9.27 in Cash Per Share, $31.41 in Free Cash Flow Per Share, and a Cash Ratio of 0.13.

Cash And Equivalents

2.68 Billion
  
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Lockheed Martin Earnings Geography

The Beneish M Score for Lockheed Martin provides a statistical assessment of the likelihood that Lockheed Martin's financial statements contain material manipulation. Review it alongside traditional financial analysis.

Lockheed Martin Stock Summary

Lockheed Martin competes with General Dynamics, Northrop Grumman, Automatic Data, Honeywell International, and Parker Hannifin. Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. Lockheed Martin Corporation was founded in 1912 and is headquartered in Bethesda, Maryland. Lockheed Martin operates under Aerospace Defense classification in the United States and is traded on New York Stock Exchange. It employs 114000 people.
Foreign Associates
Specialization
Industrials, Aerospace & Defense
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS5398301094
Business Address6801 Rockledge Drive,
SectorAerospace & Defense
IndustryIndustrials
BenchmarkDow Jones Industrial
Websitewww.lockheedmartin.com
Phone301 897 6000
CurrencyUSD - US Dollar

Key Financial Ratios

Key Balance Sheet Accounts

Retained earnings of 14.03 B represent the cumulative profit Lockheed Martin has reinvested rather than distributed to shareholders. This line, along with the other equity and liability accounts below, reveals the funding behind Lockheed Martin's operations.
202120222023202420252026 (projected)
Total Assets50.9B52.9B52.5B55.6B59.8B40.0B
Other Current Liab2.0B5.2B5.3B6.8B7.1B7.5B
Net Debt8.1B12.9B16.0B17.8B17.6B18.5B
Retained Earnings21.6B16.9B15.4B14.6B14.0B11.9B
Accounts Payable780M2.1B2.3B2.2B3.6B1.8B
Cash3.6B2.5B1.4B2.5B4.1B2.1B
Net Receivables12.5B14.8B15.3B15.3B16.9B17.7B
Good Will10.8B10.8B10.8B11.1B11.3B10.3B
Inventory3.0B3.1B3.1B3.5B3.5B3.3B
Other Current Assets688M533M632M584M815M878.1M
Total Liab39.9B43.6B45.6B49.3B53.1B34.2B
Total Current Assets19.8B21.0B20.5B21.8B25.4B14.8B
Short Term Debt6M118M168M643M1.2B804.7M
Intangible Assets2.7B2.5B2.2B2.0B1.9B2.4B
Common Stock271M254M240M234M229M256.4M
Other Liab18.1B19.1B13.1B11.4B13.1B13.9B
Other Assets7.2B10.7B5.6B6.6B10.0B7.2B
Long Term Debt11.7B15.4B17.3B19.6B20.5B10.5B
Net Tangible Assets-10.7B-7.8B-2.6B-4.0B-4.6B-4.8B
Long Term Debt Total11.7B15.4B17.3B19.6B20.5B12.8B

Key Income Statement Accounts

Gross profit margin measures pricing power and production efficiency. Lockheed Martin generates 7.69 B in gross profit from 75.06 B in revenue, setting the ceiling for what operating and net margins can ultimately achieve.
202120222023202420252026 (projected)
Interest Expense569M623M916M1.0B1.1B608.3M
Total Revenue67.0B66.0B67.6B71.0B75.1B46.2B
Gross Profit9.1B8.3B8.5B6.9B7.6B4.7B
Operating Income9.1B8.3B8.5B7.0B7.7B4.8B
Ebit8.1B7.3B8.5B7.3B7.0B4.6B
Ebitda9.5B8.7B8.5B8.8B7.8B5.7B
Cost Of Revenue58.0B57.7B59.1B64.1B67.4B41.5B
Income Before Tax7.6B6.7B8.1B6.2B5.9B4.1B
Net Income6.3B5.7B6.9B5.3B5.0B3.1B
Income Tax Expense1.2B948M-1.2B884M905M975.0M
Tax Provision1.2B948M1.2B884M905M1.0B
Interest Income569M623M980M1.0B1.1B797.3M
Net Interest Income-569M-623M-864M-1.0B-1.1B-1.2B

Key Cash Accounts

Lockheed Martin's investing activities reveal where management sees the best use of capital. Whether the company is buying equipment, acquiring businesses, or selling assets, the cash flow accounts below track every dollar - funded in part by 8.56 B from operations.
202120222023202420252026 (projected)
Change To Inventory564M-107M-44M-478M-286M-271.7M
Change In Cash444M-1.1B-1.1B1.0B1.6B1.7B
Free Cash Flow7.7B6.1B6.2B5.3B6.9B7.3B
Depreciation1.4B1.4B1.4B1.6B1.7B1.1B
Other Non Cash Items1.4B1.8B-3M2.1B2.2B2.3B
Dividends Paid2.9B3.0B-3.1B-3.1B-3.1B-3.0B
Capital Expenditures1.5B1.7B1.7B1.7B1.6B1.1B
Net Income6.3B5.7B6.9B5.3B5.0B3.0B
End Period Cash Flow3.6B2.5B1.4B2.5B4.1B2.2B
Change To Netincome360M436M1.7B951M1.1B574.9M
Investments-1.2B-1.8B-1.8B-1.8B-1.6B-1.7B
Change Receivables107M359M15M-542M-623.3M-592.1M
Net Borrowings-500M4.0B1.9B2.8B1.3B1.4B

Financial Ratios Relationships

Cross-company financial ratios help determine Lockheed Martin's valuation standing. Cross-referencing Lockheed Martin's key ratios against peer benchmarks through ratio comparison sharpens the view on relative valuation and competitive positioning. More Info.
Lockheed Martin maintains a second standing in return on equity relative to competitors. It maintains a fourth standing in return on asset relative to competitors yielding 0.10 of Return On Asset per Return On Equity. For Lockheed Martin, Return On Equity stands at 10.15 times Return On Asset. Return On Equity is demonstrating a deteriorating trend compared to prior periods. Last year, Lockheed Martin recorded Return On Equity of 0.75. Comparative metrics assess Lockheed Martin's relative pricing efficiency.

Core Fundamental Drivers

Most fundamental indicators interact within a broader financial framework. Studying them together improves analysis of Lockheed Martin. Lockheed Martin currently reports revenue of 75.06 B, P/E of 19.51, profit margin of 6.69%. Lockheed Martin has a market cap of 145.19 B, operating margin of 9.01%, ROE of 76.87%. See Correlation Analysis for portfolio-level analysis. Allocation data is presented for contextual reference. Portfolio metrics are derived from available position data. All values are presented as reference data. A position in Lockheed Martin is part of the allocation. This appears in the portfolio view. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Before investing in Lockheed Stock, review our How to Buy Lockheed Martin guide for key considerations. At present, Selling General Administrative is showing a progressing trajectory relative to prior years. The prior-year reading for Selling General Administrative was 699.2 Million. As of last week, Tax Provision is projected to grow to approximately 1 B, while Discontinued Operations is moving higher toward slightly above -47 M.
 2023 2024 2025 2026 (projected)
Interest Expense916M1.0B1.1B608.3M
Depreciation And Amortization1.4B1.6B714M1.1B

Financial Account Correlations

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-0.930.880.440.90.330.880.940.690.680.370.490.980.360.490.730.770.840.43-0.130.030.950.94-0.140.0-0.08
-0.880.880.610.880.270.840.830.850.320.540.280.850.360.280.730.550.70.51-0.340.030.840.84-0.06-0.02-0.37
-0.630.440.610.640.420.60.540.78-0.080.60.20.330.780.210.80.130.060.02-0.07-0.10.30.56-0.26-0.22-0.62
-0.920.90.880.640.340.880.960.710.460.670.50.820.550.50.770.620.630.21-0.06-0.070.840.93-0.09-0.07-0.24
-0.420.330.270.420.340.620.370.220.42-0.070.30.210.240.30.47-0.04-0.18-0.27-0.080.330.010.48-0.49-0.33-0.53
-0.940.880.840.60.880.620.870.690.580.370.440.780.370.440.830.430.520.12-0.20.250.720.96-0.38-0.17-0.46
-0.920.940.830.540.960.370.870.610.60.530.60.880.510.60.730.720.70.22-0.04-0.120.880.95-0.11-0.06-0.08
-0.780.690.850.780.710.220.690.610.160.470.030.660.530.030.850.420.50.47-0.240.080.630.65-0.17-0.12-0.49
-0.60.680.32-0.080.460.420.580.60.16-0.210.40.690.020.40.410.650.570.080.050.220.580.6-0.12-0.080.26
-0.430.370.540.60.67-0.070.370.530.47-0.210.180.290.510.180.410.230.2-0.060.04-0.350.410.450.150.07-0.21
-0.440.490.280.20.50.30.440.60.030.40.180.390.511.00.350.340.31-0.05-0.060.010.420.61-0.050.230.1
-0.860.980.850.330.820.210.780.880.660.690.290.390.270.390.640.850.90.54-0.12-0.050.960.84-0.040.030.06
-0.480.360.360.780.550.240.370.510.530.020.510.510.270.520.650.30.080.00.05-0.230.280.46-0.02-0.08-0.21
-0.440.490.280.210.50.30.440.60.030.40.181.00.390.520.350.340.31-0.05-0.060.010.420.61-0.050.230.09
-0.890.730.730.80.770.470.830.730.850.410.410.350.640.650.350.380.410.09-0.210.250.60.82-0.34-0.16-0.48
-0.610.770.550.130.62-0.040.430.720.420.650.230.340.850.30.340.380.830.490.07-0.320.830.570.190.090.5
-0.670.840.70.060.63-0.180.520.70.50.570.20.310.90.080.310.410.830.66-0.13-0.070.950.650.080.20.29
-0.240.430.510.020.21-0.270.120.220.470.08-0.06-0.050.540.0-0.050.090.490.66-0.16-0.10.540.190.120.060.1
0.22-0.13-0.34-0.07-0.06-0.08-0.2-0.04-0.240.050.04-0.06-0.120.05-0.06-0.210.07-0.13-0.16-0.44-0.12-0.16-0.29-0.270.28
-0.130.030.03-0.1-0.070.330.25-0.120.080.22-0.350.01-0.05-0.230.010.25-0.32-0.07-0.1-0.44-0.080.17-0.38-0.04-0.45
-0.840.950.840.30.840.010.720.880.630.580.410.420.960.280.420.60.830.950.54-0.12-0.080.830.020.110.1
-0.960.940.840.560.930.480.960.950.650.60.450.610.840.460.610.820.570.650.19-0.160.170.83-0.27-0.07-0.28
0.21-0.14-0.06-0.26-0.09-0.49-0.38-0.11-0.17-0.120.15-0.05-0.04-0.02-0.05-0.340.190.080.12-0.29-0.380.02-0.270.270.49
0.170.0-0.02-0.22-0.07-0.33-0.17-0.06-0.12-0.080.070.230.03-0.080.23-0.160.090.20.06-0.27-0.040.11-0.070.270.25
0.29-0.08-0.37-0.62-0.24-0.53-0.46-0.08-0.490.26-0.210.10.06-0.210.09-0.480.50.290.10.28-0.450.1-0.280.490.25
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Account Relationship Matchups

fundamental Accounts

202120222023202420252026 (projected)
Total Assets50.9B52.9B52.5B55.6B59.8B40.0B
Other Current Liab2.0B5.2B5.3B6.8B7.1B7.5B
Net Debt8.1B12.9B16.0B17.8B17.6B18.5B
Retained Earnings21.6B16.9B15.4B14.6B14.0B11.9B
Accounts Payable780M2.1B2.3B2.2B3.6B1.8B
Cash3.6B2.5B1.4B2.5B4.1B2.1B
Net Receivables12.5B14.8B15.3B15.3B16.9B17.7B
Good Will10.8B10.8B10.8B11.1B11.3B10.3B
Inventory3.0B3.1B3.1B3.5B3.5B3.3B
Other Current Assets688M533M632M584M815M878.1M
Total Liab39.9B43.6B45.6B49.3B53.1B34.2B
Total Current Assets19.8B21.0B20.5B21.8B25.4B14.8B
Short Term Debt6M118M168M643M1.2B804.7M
Intangible Assets2.7B2.5B2.2B2.0B1.9B2.4B
Common Stock271M254M240M234M229M256.4M
Other Liab18.1B19.1B13.1B11.4B13.1B13.9B
Other Assets7.2B10.7B5.6B6.6B10.0B7.2B
Long Term Debt11.7B15.4B17.3B19.6B20.5B10.5B
Net Tangible Assets-10.7B-7.8B-2.6B-4.0B-4.6B-4.8B
Long Term Debt Total11.7B15.4B17.3B19.6B20.5B12.8B

Financial Metrics, Fundamentals & Methodology

Lockheed Martin reports annual revenue of 75.06 B, a profit margin of 6.69%, ROE of 76.87%, debt-to-equity of 0.96. Lockheed Martin's operating framework provides insight into margin behavior and earnings persistence. Capital allocation strategy influences shareholder value trajectory. In recent filings, Lockheed Martin posted revenue of 75.06 B, positive EPS of 21.48, operating margin of 9.01%.

Data shown for Lockheed Martin is aggregated from periodic company reporting and market reference feeds and normalized across reporting formats. Professional analyst research is incorporated when coverage is available. Source publication cadence can introduce delays. Reported income, balance-sheet, and cash-flow fields adhere to GAAP or IFRS presentation rules.

This content is curated and reviewed by:

Gabriel Shpitalnik - Member of Macroaxis Editorial Board
Last reviewed on March 11th, 2026

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