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Lockheed Martin LMT Debt-to-equity

Debt-to-equity at other companies

Boeing logo
BoeingBA
10.4×
General Dynamics logo
General DynamicsGD
0.4×-0.1×
Raytheon Technologies logo
Raytheon TechnologiesRTX
0.6×-0.1×
L3Harris Technologies logo
L3Harris TechnologiesLHX
0.6×-0.1×
Textron logo
TextronTXT
0.1×0.0×
Northrop Grumman logo
Northrop GrummanNOC
-0.1×

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
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-equity?
Lockheed Martin (LMT) reported debt-to-equity of 2.8× in Q1 2026.
How has Lockheed Martin's debt-to-equity changed year-over-year?
Lockheed Martin's debt-to-equity decreased by 9.0% year-over-year, from 3× to 2.8×.
What is the long-term trend for Lockheed Martin's debt-to-equity?
Over 4 years (2021 to 2025), Lockheed Martin's debt-to-equity has grown at a 22.7% compound annual growth rate (CAGR), from 6.2× to 14.1×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.