Lockheed Martin Corporation

LMTNYSE

$586.39

Last price · USD

Market cap: $136.0B
P/E: 27.3x
EV / EBITDA: 17.6x
P/S: 1.8x
FCF yield: 5.1%
Div. yield: 2.30%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Lockheed Martin Corporation balance sheet

Annual · USD millions except per-share data · 39 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	4,121	2,483	1,442	2,547	3,604	+3.4%
Cash & short-term investments	4,121	2,483	1,442	2,547	3,604	+3.4%
Net receivables	16,902	15,308	15,315	14,823	12,542	+7.7%
Accounts receivable	3,901	2,351	2,132	2,505	1,963	+18.7%
Other receivables	13,001	12,957	13,183	12,318	10,579	+5.3%
Inventory	3,524	3,474	3,132	3,088	2,981	+4.3%
Other current assets	815	584	632	533	688	+4.3%
Total current assets	25,362	21,849	20,521	20,991	19,815	+6.4%
Non-current assets
Property, plant & equipment (net)	9,851	8,726	8,370	7,975	7,597	+6.7%
Goodwill	11,314	11,067	10,799	10,780	10,813	+1.1%
Intangible assets	4,304	2,015	2,212	2,459	2,706	+12.3%
Goodwill & intangible assets	15,618	13,082	13,011	13,239	13,519	+3.7%
Long-term investments	3,258	3,073	3,114	2,903	3,434	-1.3%
Tax assets	2,975	3,557	2,953	3,744	2,290	+6.8%
Other non-current assets	2,776	5,330	4,487	4,028	4,218	-9.9%
Total non-current assets	34,478	33,768	31,935	31,889	31,058	+2.6%
Total assets	59,840	55,617	52,456	52,880	50,873	+4.1%
Current liabilities
Accounts payable	3,630	2,222	2,312	2,117	780	+46.9%
Total payables	3,630	2,222	2,312	2,117	780	+46.9%
Short-term debt	1,168	643	168	118	6	+273.5%
Tax payables	0	0	0	0	3,108	—
Deferred revenue	11,440	9,795	9,190	8,488	8,107	+9.0%
Other current liabilities	3,913	3,635	2,134	2,089	1,996	+18.3%
Total current liabilities	23,335	19,420	16,937	15,887	13,997	+13.6%
Non-current liabilities
Long-term debt	20,532	19,627	17,291	15,429	11,670	+15.2%
Other non-current liabilities	9,252	10,237	11,393	12,298	14,247	-10.2%
Total non-current liabilities	29,784	29,864	28,684	27,727	25,917	+3.5%
Total debt	21,700	20,270	17,459	15,547	11,676	+16.8%
Total liabilities	53,119	49,284	45,621	43,614	39,914	+7.4%
Stockholders' equity
Common stock	229	234	240	254	271	-4.1%
Retained earnings	14,034	14,551	15,398	16,943	21,600	-10.2%
Additional paid-in capital	0	0	0	92	94	—
Accumulated other comprehensive income (loss)	(7,542)	(8,452)	(8,803)	(8,023)	(11,006)	—
Total stockholders' equity	6,721	6,333	6,835	9,266	10,959	-11.5%
Total equity	6,721	6,333	6,835	9,266	10,959	-11.5%
Total liabilities & equity	59,840	55,617	52,456	52,880	50,873	+4.1%
Additional fields
Accrued Expenses	3,184	3,125	3,133	3,075	3,108	+0.6%
Net Debt	17,579	17,787	16,017	13,000	8,072	+21.5%
Total Investments	3,258	3,073	3,114	2,903	3,434	-1.3%

Lockheed Martin Corporation

LMTNYSE

$586.39

Last price · USD

Market cap: $136.0B
P/E: 27.3x
EV / EBITDA: 17.6x
P/S: 1.8x
FCF yield: 5.1%
Div. yield: 2.30%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Lockheed Martin Corporation balance sheet

Annual · USD millions except per-share data · 39 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	4,121	2,483	1,442	2,547	3,604	+3.4%
Cash & short-term investments	4,121	2,483	1,442	2,547	3,604	+3.4%
Net receivables	16,902	15,308	15,315	14,823	12,542	+7.7%
Accounts receivable	3,901	2,351	2,132	2,505	1,963	+18.7%
Other receivables	13,001	12,957	13,183	12,318	10,579	+5.3%
Inventory	3,524	3,474	3,132	3,088	2,981	+4.3%
Other current assets	815	584	632	533	688	+4.3%
Total current assets	25,362	21,849	20,521	20,991	19,815	+6.4%
Non-current assets
Property, plant & equipment (net)	9,851	8,726	8,370	7,975	7,597	+6.7%
Goodwill	11,314	11,067	10,799	10,780	10,813	+1.1%
Intangible assets	4,304	2,015	2,212	2,459	2,706	+12.3%
Goodwill & intangible assets	15,618	13,082	13,011	13,239	13,519	+3.7%
Long-term investments	3,258	3,073	3,114	2,903	3,434	-1.3%
Tax assets	2,975	3,557	2,953	3,744	2,290	+6.8%
Other non-current assets	2,776	5,330	4,487	4,028	4,218	-9.9%
Total non-current assets	34,478	33,768	31,935	31,889	31,058	+2.6%
Total assets	59,840	55,617	52,456	52,880	50,873	+4.1%
Current liabilities
Accounts payable	3,630	2,222	2,312	2,117	780	+46.9%
Total payables	3,630	2,222	2,312	2,117	780	+46.9%
Short-term debt	1,168	643	168	118	6	+273.5%
Tax payables	0	0	0	0	3,108	—
Deferred revenue	11,440	9,795	9,190	8,488	8,107	+9.0%
Other current liabilities	3,913	3,635	2,134	2,089	1,996	+18.3%
Total current liabilities	23,335	19,420	16,937	15,887	13,997	+13.6%
Non-current liabilities
Long-term debt	20,532	19,627	17,291	15,429	11,670	+15.2%
Other non-current liabilities	9,252	10,237	11,393	12,298	14,247	-10.2%
Total non-current liabilities	29,784	29,864	28,684	27,727	25,917	+3.5%
Total debt	21,700	20,270	17,459	15,547	11,676	+16.8%
Total liabilities	53,119	49,284	45,621	43,614	39,914	+7.4%
Stockholders' equity
Common stock	229	234	240	254	271	-4.1%
Retained earnings	14,034	14,551	15,398	16,943	21,600	-10.2%
Additional paid-in capital	0	0	0	92	94	—
Accumulated other comprehensive income (loss)	(7,542)	(8,452)	(8,803)	(8,023)	(11,006)	—
Total stockholders' equity	6,721	6,333	6,835	9,266	10,959	-11.5%
Total equity	6,721	6,333	6,835	9,266	10,959	-11.5%
Total liabilities & equity	59,840	55,617	52,456	52,880	50,873	+4.1%
Additional fields
Accrued Expenses	3,184	3,125	3,133	3,075	3,108	+0.6%
Net Debt	17,579	17,787	16,017	13,000	8,072	+21.5%
Total Investments	3,258	3,073	3,114	2,903	3,434	-1.3%