Lockheed Martin Balance Sheet
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
Lockheed Martin financial position
At the end of fiscal 2025, Lockheed Martin reported total assets of $59.84 billion, up 7.6% from a year earlier against total liabilities of $53.12 billion. Shareholders' equity stood at $6.72 billion, or 11.2% of assets. The company held $4.12 billion in cash and equivalents against $21.70 billion of debt, a net debt position of $17.58 billion.
The current ratio (current assets divided by current liabilities) was 1.09, meaning short-term assets cover obligations due within a year. Debt-to-equity was 3.23.
Summary generated from market data by MetaCap's automated system. Methodology
Lockheed Martin balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.12B | 2.48B | 1.44B | 2.55B | 3.60B | 3.16B | 1.51B | 772.00M | 2.86B | 1.84B |
| Receivables | 3.90B | 2.35B | 2.13B | 2.50B | 1.96B | 1.98B | 2.34B | 2.44B | 2.27B | 8.20B |
| Inventory | 3.52B | 3.47B | 3.13B | 3.09B | 2.98B | 3.54B | 3.62B | 3.00B | 2.88B | 9.42B |
| Total Current Assets | 25.36B | 21.85B | 20.52B | 20.99B | 19.82B | 19.38B | 17.09B | 16.10B | 17.50B | 15.11B |
| Property, Plant & Equipment | 11.29B | 8.73B | 8.37B | 7.97B | 7.60B | 7.21B | 6.59B | 6.12B | 5.78B | 5.55B |
| Goodwill | 11.31B | 11.07B | 10.80B | 10.78B | 10.81B | 10.81B | 10.60B | 10.77B | 10.81B | 10.76B |
| Intangible Assets | 1.89B | 2.02B | 2.21B | 2.46B | 2.71B | 3.01B | 3.21B | 3.49B | 3.80B | 4.09B |
| Total Assets | 59.84B | 55.62B | 52.46B | 52.88B | 50.87B | 50.71B | 47.53B | 44.88B | 46.62B | 47.81B |
| Accounts Payable | 3.63B | 2.22B | 2.31B | 2.12B | 780.00M | 880.00M | 1.28B | 2.40B | 1.47B | 1.65B |
| Short-Term Debt | 1.17B | 643.00M | 168.00M | 118.00M | 6.00M | 500.00M | 1.25B | 1.50B | 750.00M | 0 |
| Total Current Liabilities | 23.34B | 19.42B | 16.94B | 15.89B | 14.00B | 13.93B | 13.97B | 14.40B | 12.91B | 12.54B |
| Long-Term Debt | 20.53B | 19.63B | 17.29B | 15.43B | 11.67B | 11.67B | 11.40B | 12.60B | 13.51B | 14.28B |
| Total Liabilities | 53.12B | 49.28B | 45.62B | 43.61B | 39.91B | 44.67B | 44.36B | 43.43B | 47.40B | 46.20B |
| Shareholders' Equity | 6.72B | 6.33B | 6.83B | 9.27B | 10.96B | 6.01B | 3.13B | 1.39B | -850.00M | 1.51B |
| Retained Earnings | 14.03B | 14.55B | 15.40B | 16.94B | 21.60B | 21.64B | 18.40B | 15.43B | 11.40B | 13.32B |
| Total Debt | 21.70B | 20.27B | 17.46B | 15.55B | 11.68B | 12.17B | 12.65B | 14.10B | 14.26B | 14.28B |
| Net Cash (Debt) | -17.58B | -17.79B | -16.02B | -13.00B | -8.07B | -9.01B | -11.14B | -13.33B | -11.40B | -12.45B |
| Shares Outstanding | 229.00M | 234.00M | 240.00M | 254.00M | 271.00M | 279.00M | 280.00M | — | 284.00M | 289.00M |
This table shows 10 annual periods of Lockheed Martin's balance sheet, from FY 2025 back to FY 2016, across 19 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow LMT's reporting calendar. What is a balance sheet?