What is Lockheed Martin's D&A?

Lockheed Martin (LMT) reported D&A of $398M in Q1 2026.

How has Lockheed Martin's D&A changed year-over-year?

Lockheed Martin's D&A increased by 0.3% year-over-year, from $397M to $398M.

Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

Lockheed Martin LMT D&A

D&A at other companies

BoeingBA

$573M+23.0%

Raytheon TechnologiesRTX

$1.07B+1.8%

L3Harris TechnologiesLHX

$282M-6.3%

TextronTXT

$96M+4.3%

Kratos Defense & Security SolutionsKTOS

$16.8M+61.5%

Northrop GrummanNOC

$372M+10.4%

Segments

By segment

See full

Aeronautics$474M+4.9%

Space$270M+22.2%

RMS$235M+3.5%

MFC$192M+4.9%

Other financials

Income statement

See full

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

See full

Cash & equivalents$1.9B+5.0%

Total debt$20.7B+1.9%

Total equity$7.5B+12.1%

Total assets$59.2B+4.5%

Cash flow

See full

Operating cash flow$220.0M-84.4%

CapEx$511.0M+12.6%

Free cash flow-$291.0M-130%

Valuation

See full

Market cap$119.49B+8.7%

Enterprise value$138.29B+6.2%

P/E24.9×-1.2×

P/S1.6×+0.1×

Profitability

See full

Gross margin9.8%-0.3pp

Operating margin9.9%-0.4pp

Net margin6.4%-1.3pp

FCF margin7.7%+0.8pp

Returns & leverage

See full

Return on equity67.6%-14.9pp

Debt / equity2.8×-0.3×

Current ratio1.1×+0.1×

Where this comes from

Reported directly by Lockheed Martin in its filing.

Tagged under the XBRL concept us-gaap:DepreciationAmortizationAndAccretionNet.

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 D&A?: Lockheed Martin (LMT) reported D&A of $398M in Q1 2026.
How has Lockheed Martin's D&A changed year-over-year?: Lockheed Martin's D&A increased by 0.3% year-over-year, from $397M to $398M.
What does D&A mean?: Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.