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Lockheed Martin LMT Pension Expense

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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$133.3B+31.3%
Enterprise value$150.05B+23.1%
P/E21.2×-2.9×
P/S1.7×+0.3×

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
Debt / equity2.3×-1.7×
Current ratio1.2×+0.2×

Where this comes from

Reported directly by Lockheed Martin in its filing.

Tagged under the XBRL concept us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost.

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

Filed
Jul 23, 2026, 4:38 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-049411
Line itemSix Months Ended / June 28,2026Six Months Ended / June 29,2025
Deferred income taxes538(561)
Impairment and other charges66
Reach-forward losses on select programs1,615
Qualified defined benefit pension plans184223
Changes in assets and liabilities
Receivables, net545(955)
Contract assets(3,037)(2,178)
Inventories(887)(461)

Item 1. Financial Statements (Unaudited)

FAQ

What is Lockheed Martin's pension expense?
Lockheed Martin (LMT) reported pension expense of $92M in Q2 2026.
How has Lockheed Martin's pension expense changed year-over-year?
Lockheed Martin's pension expense decreased by 17.9% year-over-year, from $112M to $92M.
What is the long-term trend for Lockheed Martin's pension expense?
Over 4 years (2021 to 2025), Lockheed Martin's pension expense has grown at a 11.7% compound annual growth rate (CAGR), from -$267M to -$415M.
What does pension expense mean?
Non-cash pension and postretirement benefit expense that exceeds or falls short of cash contributions to the plans.

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