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Lockheed Martin LMT Debt-to-assets

Debt-to-assets at other companies

Boeing logo
BoeingBA
0.3×0.0×
General Dynamics logo
General DynamicsGD
0.2×0.0×
Raytheon Technologies logo
Raytheon TechnologiesRTX
0.2×0.0×
L3Harris Technologies logo
L3Harris TechnologiesLHX
0.3×0.0×
Textron logo
TextronTXT
0.0×
Northrop Grumman logo
Northrop GrummanNOC
0.3×0.0×

Other financials

Income statement

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Revenue$18.0B+0.3%
Gross profit$2.1B-10.5%
Operating income$2.1B-13.0%
Net income$1.5B-13.1%
EPS (diluted)$6.44-11.5%

Balance sheet

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Cash & equivalents$1.9B+5.1%
Total debt$20.7B+1.9%
Total equity$7.5B+12.1%
Total assets$59.2B+4.5%

Cash flow

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Operating cash flow$220.0M-84.4%
CapEx$511.0M+12.6%
Free cash flow-$291.0M-130%

Valuation

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Market cap$122.73B+32.9%
Enterprise value$141.54B+28.2%
P/E25.6×+8.8×
P/S1.6×+0.3×

Profitability

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Gross margin9.8%-0.3pp
Operating margin9.9%-0.4pp
Net margin6.4%-1.3pp

Returns & leverage

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Return on equity67.6%-14.9pp
Debt / equity2.8×-0.3×
Current ratio1.1×+0.1×

Where this comes from

Calculated from Lockheed Martin’s reported figures.

Based on the most recent quarter.

The official record: Lockheed Martin’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lockheed Martin's debt-to-assets?
Lockheed Martin (LMT) reported debt-to-assets of 0.3× in Q1 2026.
How has Lockheed Martin's debt-to-assets changed year-over-year?
Lockheed Martin's debt-to-assets decreased by 2.5% year-over-year, from 0.4× to 0.3×.
What is the long-term trend for Lockheed Martin's debt-to-assets?
Over 4 years (2021 to 2025), Lockheed Martin's debt-to-assets has grown at a 11.5% compound annual growth rate (CAGR), from 1× to 1.5×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.