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Lockheed Martin Corporation

LMT Industrials Aerospace & Defense

Lockheed Martin Corporation’s revenue for fiscal 2025 (year ended December 2025) was $75.0 billion, up 5.64% from fiscal 2024. In the quarter to June 2026, revenue grew 10.5%, EPS grew 446.6%, free cash flow grew 2,044.7% and total debt fell 5.08%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years, revenue growth for three.

552.09 19.45 +3.65%
Market cap
$122.9B
P/E
20.3×
Fwd P/E
17.5×
Dividend yield
2.50%
F-score
6/9
Altman Z
3.32
Beneish M
−2.24
Dividend safety
76/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Lockheed Martin Corporation (LMT) Debt to equity

Alert me on Debt to equity

Lockheed Martin Corporation's debt to equity at the end of the quarter to 30 June 2026 was 2.3×, down 0.9× from fiscal 2025 (3.2×). Over the past ten years it has ranged from −18.4× (fiscal 2017) to 9.7× (fiscal 2018); the current reading is higher than 64% of that period. That is above the Aerospace & Defense industry median of 0.2× and above the Industrials sector median of 0.3×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 3.2× 0.87%
FY2024 3.2× 25.30%
FY2023 2.6× 52.24%
FY2022 1.7× 53.20%
FY2021 1.1× (45.66%)
FY2020 2.0× (49.50%)
FY2019 4.0× (59.00%)
FY2018 9.7× —
FY2017 −18.4× —
FY2016 8.9× 80.47%

Quarterly newest first

Period Debt to equity Change
Jun 2026 2.3× (15.24%)
Mar 2026 2.8× (14.40%)
Dec 2025 3.2× (10.06%)
Sep 2025 3.6× (11.50%)
42 more quarters

Against its own ten years

Low −18.4× High 9.7×
Ten-year median 3.2×
Current reading's percentile 64

Debt to equity against peers

Company Debt to equity
TDG Transdigm Group Incorporated compare −3.3×
GD General Dynamics Corporation compare 0.3×
RTX RTX Corporation compare 0.5×
LHX L3Harris Technologies Inc compare 0.6×
HWM Howmet Aerospace Inc. compare 0.7×
NOC Northrop Grumman Corporation compare 0.8×
GE GE Aerospace compare 1.1×
LMT Lockheed Martin Corporation 2.3×
BA The Boeing Company compare 7.5×
Aerospace & Defense industry median 0.2×
Industrials sector median 0.3×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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