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Lockheed Martin LMT Debt-to-equity

Debt-to-equity at other companies

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7.5×
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0.4×-0.1×
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0.6×-0.1×
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0.6×0.0×
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0.1×-0.1×

Other financials

Income statement

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Revenue$20.1B+10.5%
Gross profit$2.4B+233%
Operating income$2.5B+231%
Net income$1.8B+437%
EPS (diluted)$7.94+444%

Balance sheet

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Cash & equivalents$3.8B+193%
Total debt$20.5B-5.1%
Total equity$8.8B+64.4%
Total assets$62.5B+6.1%

Cash flow

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Operating cash flow$3.2B+1,509%
CapEx$318.0M-9.4%
Free cash flow$2.9B

Valuation

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Market cap$134.49B+36.0%
Enterprise value$151.24B+26.8%
P/E21.4×-2.1×
P/S1.8×+0.4×

Profitability

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Gross margin11.8%+3.6pp
Operating margin11.9%+3.6pp
Net margin8.2%+2.3pp
FCF margin11.3%+6.5pp

Returns & leverage

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Return on equity89.2%+16.1pp
Current ratio1.2×+0.2×

Where this comes from

Calculated from Lockheed Martin’s reported figures.

Based on the most recent quarter.

The source filing: Lockheed Martin’s 10-Q, filed July 23, 2026. Open the filing →

Filed
Jul 23, 2026, 4:38 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-049411

FAQ

What is Lockheed Martin's debt-to-equity?
Lockheed Martin (LMT) reported debt-to-equity of 2.3× in Q2 2026.
How has Lockheed Martin's debt-to-equity changed year-over-year?
Lockheed Martin's debt-to-equity decreased by 42.3% year-over-year, from 4.1× to 2.3×.
What is the long-term trend for Lockheed Martin's debt-to-equity?
Over 5 years (2020 to 2025), Lockheed Martin's debt-to-equity has grown at a 8.9% compound annual growth rate (CAGR), from 2.2× to 3.4×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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