Goodwill
Lockheed Martin Goodwill decreased by 0.1% to $11.31B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 2.1%, from $11.08B to $11.31B. Over 5 years (FY 2020 to FY 2025), Goodwill shows relatively stable performance with a 0.9% CAGR.
Analysis
How to read this metric
A large balance indicates a history of acquisitions; significant write-downs signal that past acquisitions have failed to meet performance expectations.
Detailed definition
Goodwill represents the premium paid over the fair market value of net identifiable assets during a business acquisition...
Peer comparison
Common in industries with frequent M&A activity; defense contractors often have significant goodwill from historical consolidation.
goodwillHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $10.81B | $10.82B | $10.81B | $10.81B | $10.79B | $10.76B | $10.78B | $10.78B | $10.80B | $10.78B | $10.80B | $10.79B | $10.79B | $10.80B | $11.07B | $11.08B | $11.31B | $11.31B | $11.31B | $11.31B |
| QoQ Change | — | +0.0% | -0.0% | -0.0% | -0.2% | -0.3% | +0.1% | -0.0% | +0.2% | -0.1% | +0.2% | -0.1% | -0.0% | +0.1% | +2.5% | +0.1% | +2.1% | +0.0% | +0.0% | -0.1% |
| YoY Change | — | — | — | — | -0.1% | -0.5% | -0.3% | -0.3% | +0.0% | +0.2% | +0.2% | +0.1% | -0.1% | +0.2% | +2.5% | +2.7% | +4.8% | +4.8% | +2.2% | +2.1% |
Business Segments
| Segment | Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 |
|---|---|---|---|---|---|
| RMS | $6.76B | $6.73B | $6.74B | $6.71B | $6.74B |
| Space Systems | $1.78B | $1.78B | $1.78B | $2.07B | $2.29B |
| MFC | $2.09B | $2.08B | $2.09B | $2.09B | $2.09B |
| Aeronautics | $187.00M | $196.00M | $196.00M | $196.00M | $196.00M |
| Total | $10.81B | $10.78B | $10.80B | $11.07B | $11.31B |
Aeronautics, MFC, RMS, Space Systems were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Goodwill at Other Companies
Frequently Asked Questions
- What is Lockheed Martin's goodwill?
- Lockheed Martin (LMT) reported goodwill of $11.31B in Q1 2026.
- How has Lockheed Martin's goodwill changed year-over-year?
- Lockheed Martin's goodwill increased by 2.1% year-over-year, from $11.08B to $11.31B.
- What is the long-term trend for Lockheed Martin's goodwill?
- Over 5 years (2020 to 2025), Lockheed Martin's goodwill has grown at a 0.9% compound annual growth rate (CAGR), from $10.81B to $11.31B.
- What does goodwill mean?
- The excess purchase price paid for an acquisition over the fair value of its net assets.