Lockheed Martin Corporation (LMT) balance sheet
NYSE · Industrials · Aerospace & Defense · 123,000 employees · CEO James D. Taiclet Jr.
- Price
- $636.95 -1.03%
- Market cap
- $147B
- Enterprise value
- $162B
- Last report
- Q3 '26 filed 2026-10-22
- Next report
- 2027-02-04 EPS est. $8.40
At the end of Q3 '26 Lockheed Martin Corporation (LMT) held $5.96B in cash and short-term investments against $20.5B of debt incl. leases. Total assets $64.5B, total liabilities $54.4B, shareholders' equity $10.1B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $1.44B | $2.79B | $2.52B | $3.15B | $2.48B | $1.8B | $1.29B | $3.47B | $4.12B | $1.89B | $3.79B | $5.96B | |
| Receivables | $15.3B | $16.3B | $16.8B | $16.4B | $15.3B | $16.7B | $18.2B | $17.8B | $16.9B | $18.2B | $3.36B | $3.1B | |
| Inventory | $3.13B | $3.28B | $3.1B | $3.23B | $3.47B | $3.6B | $3.7B | $3.75B | $3.52B | $4.25B | $4.41B | $3.99B | |
| Other current assets | $632M | $583M | $510M | $461M | $584M | $698M | $794M | $924M | $815M | $728M | $16.8B | $18B | |
| Current assets | $20.5B | $23B | $23B | $23.2B | $21.8B | $22.8B | $24B | $25.9B | $25.4B | $25.1B | $28.4B | $31B | |
| Property, plant & equipment (net) | $8.37B | $8.35B | $8.39B | $8.45B | $8.73B | $8.71B | $8.67B | $8.72B | $9.85B | $11.3B | $11.4B | $11.5B | |
| Long-term investments | $3.11B | $611M | $620M | $628M | $3.07B | $614M | $611M | $610M | $3.26B | $602M | $0 | $0 | |
| Goodwill | $10.8B | $10.8B | $10.8B | $10.8B | $11.1B | $11.1B | $11.3B | $11.3B | $11.3B | $11.3B | $11.3B | $11.3B | |
| Intangible assets | $2.21B | $2.15B | $2.04B | $1.98B | $2.02B | $1.95B | $2.01B | $1.94B | $4.3B | $1.84B | $1.79B | $1.74B | |
| Deferred tax assets | $2.95B | $3.02B | $3.08B | $3.11B | $3.56B | $3.57B | $4.07B | $3.41B | $2.98B | $2.8B | $2.41B | $1.82B | |
| Other non-current assets | $4.49B | $7.08B | $7.19B | $7.34B | $5.33B | $7.95B | $8.21B | $8.34B | $2.78B | $6.33B | $7.16B | $7.13B | |
| Non-current assets | $31.9B | $32B | $32.1B | $32.3B | $33.8B | $33.9B | $34.9B | $34.3B | $34.5B | $34.2B | $34B | $33.5B | |
| Total assets | $52.5B | $55B | $55.1B | $55.5B | $55.6B | $56.7B | $58.9B | $60.3B | $59.8B | $59.2B | $62.5B | $64.5B | |
| Liabilities | |||||||||||||
| Accounts payable | $2.31B | $3.52B | $3.28B | $3.22B | $2.22B | $3.82B | $3.65B | $3.83B | $3.63B | $4.71B | $4.92B | $5.01B | |
| Accrued expenses | $3.13B | $2.68B | $2.87B | $3.08B | $3.13B | $2.39B | $2.76B | $3.07B | $3.18B | $2.68B | $3B | $3.35B | |
| Short-term debt | $168M | $168M | $142M | $142M | $643M | $1.64B | $3.12B | $1.67B | $1.17B | $168M | $0 | $0 | |
| Deferred revenue | $9.19B | $8.75B | $9.18B | $9.05B | $9.8B | $9.38B | $9.86B | $10.3B | $11.4B | $10.7B | $12.2B | $12.6B | |
| Other current liabilities | $2.13B | $2.58B | $3.02B | $2.32B | $3.64B | $3.96B | $4.96B | $4.15B | $3.91B | $3.8B | $3.74B | $3.54B | |
| Current liabilities | $16.9B | $17.7B | $18.5B | $17.8B | $19.4B | $21.2B | $24.4B | $23B | $23.3B | $22.1B | $23.8B | $24.5B | |
| Long-term debt | $17.3B | $19.3B | $19.1B | $19.2B | $19.6B | $18.7B | $18.5B | $20.5B | $20.5B | $20.5B | $20.5B | $20.5B | |
| Other non-current liabilities | $11.4B | $11.4B | $11.3B | $11.3B | $10.2B | $10.1B | $10.7B | $10.6B | $9.25B | $9.13B | $9.34B | $9.41B | |
| Non-current liabilities | $28.7B | $30.6B | $30.4B | $30.5B | $29.9B | $28.8B | $29.2B | $31.1B | $29.8B | $29.7B | $29.9B | $29.9B | |
| Total liabilities | $45.6B | $48.3B | $48.9B | $48.3B | $49.3B | $50B | $53.5B | $54.1B | $53.1B | $51.7B | $53.7B | $54.4B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $240M | $239M | $237M | $236M | $234M | $233M | $232M | $230M | $229M | $230M | $230M | $230M | |
| Retained earnings | $15.4B | $15.2B | $14.7B | $15.7B | $14.6B | $14.8B | $13.3B | $14.1B | $14B | $14.7B | $15.8B | $16.8B | |
| Accumulated other comprehensive income | -$8.8B | -$8.81B | -$8.77B | -$8.69B | -$8.45B | -$8.32B | -$8.16B | -$8.1B | -$7.54B | -$7.5B | -$7.47B | -$7.42B | |
| Shareholders' equity | $6.84B | $6.65B | $6.18B | $7.2B | $6.33B | $6.68B | $5.33B | $6.18B | $6.72B | $7.49B | $8.77B | $10.1B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $17.5B | $19.4B | $19.3B | $19.3B | $20.3B | $20.3B | $21.6B | $22.2B | $21.7B | $20.7B | $20.5B | $20.5B | |
| Net debt (debt - cash) | $16B | $16.6B | $16.7B | $16.2B | $17.8B | $18.5B | $20.3B | $18.7B | $17.6B | $18.8B | $16.7B | $14.5B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $1.84B | $2.86B | $772M | $1.51B | $3.16B | $3.6B | $2.55B | $1.44B | $2.48B | $4.12B | |
| Receivables | $8.2B | $10.3B | $11.9B | $11.4B | $11.5B | $12.5B | $14.8B | $15.3B | $15.3B | $16.9B | |
| Inventory | $4.67B | $4.49B | $3B | $3.62B | $3.55B | $2.98B | $3.09B | $3.13B | $3.47B | $3.52B | |
| Other current assets | $399M | -$144M | $418M | $531M | $1.15B | $688M | $533M | $632M | $584M | $815M | |
| Current assets | $15.1B | $17.5B | $16.1B | $17.1B | $19.4B | $19.8B | $21B | $20.5B | $21.8B | $25.4B | |
| Property, plant & equipment (net) | $5.55B | $5.78B | $6.12B | $6.59B | $7.21B | $7.6B | $7.98B | $8.37B | $8.73B | $9.85B | |
| Long-term investments | $3.47B | $1.4B | $3.25B | $3.7B | $3.47B | $3.43B | $2.9B | $3.11B | $3.07B | $3.26B | |
| Goodwill | $10.8B | $10.8B | $10.8B | $10.6B | $10.8B | $10.8B | $10.8B | $10.8B | $11.1B | $11.3B | |
| Intangible assets | $4.09B | $3.8B | $3.49B | $3.21B | $3.01B | $2.71B | $2.46B | $2.21B | $2.02B | $4.3B | |
| Deferred tax assets | $6.63B | $3.24B | $3.21B | $3.32B | $3.48B | $2.29B | $3.74B | $2.95B | $3.56B | $2.98B | |
| Other non-current assets | $2.2B | $4.04B | $1.93B | $3B | $3.36B | $4.22B | $4.03B | $4.49B | $5.33B | $2.78B | |
| Non-current assets | $32.7B | $29.1B | $28.8B | $30.4B | $31.3B | $31.1B | $31.9B | $31.9B | $33.8B | $34.5B | |
| Total assets | $47.8B | $46.5B | $44.9B | $47.5B | $50.7B | $50.9B | $52.9B | $52.5B | $55.6B | $59.8B | |
| Liabilities | |||||||||||
| Accounts payable | $1.65B | $1.47B | $2.4B | $1.28B | $880M | $780M | $2.12B | $2.31B | $2.22B | $3.63B | |
| Accrued expenses | $1.76B | $1.79B | $2.12B | $2.47B | $3.16B | $3.11B | $3.08B | $3.13B | $3.13B | $3.18B | |
| Short-term debt | $0 | $750M | $1.5B | $1.25B | $500M | $6M | $118M | $168M | $643M | $1.17B | |
| Taxes payable | $1.76B | $1.79B | $2.12B | $2.47B | $3.16B | $3.11B | $0 | $0 | $0 | $0 | |
| Deferred revenue | $6.78B | $6.75B | $6.49B | $7.05B | $7.55B | $8.11B | $8.49B | $9.19B | $9.8B | $11.4B | |
| Other current liabilities | $2.35B | $1.88B | $1.88B | $1.92B | $1.85B | $2B | $2.09B | $2.13B | $3.64B | $3.91B | |
| Current liabilities | $12.5B | $12.6B | $14.4B | $14B | $13.9B | $14B | $15.9B | $16.9B | $19.4B | $23.3B | |
| Long-term debt | $14.3B | $13.5B | $12.6B | $11.4B | $11.7B | $11.7B | $15.4B | $17.3B | $19.6B | $20.5B | |
| Other non-current liabilities | $19.4B | $21B | $16.4B | $19B | $19.1B | $14.2B | $12.3B | $11.4B | $10.2B | $9.25B | |
| Non-current liabilities | $33.7B | $34.5B | $29B | $30.4B | $30.7B | $25.9B | $27.7B | $28.7B | $29.9B | $29.8B | |
| Total liabilities | $46.2B | $47.1B | $43.4B | $44.4B | $44.7B | $39.9B | $43.6B | $45.6B | $49.3B | $53.1B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $289M | $284M | $281M | $280M | $279M | $271M | $254M | $240M | $234M | $229M | |
| Retained earnings | $13.3B | $11.6B | $15.4B | $18.4B | $21.6B | $21.6B | $16.9B | $15.4B | $14.6B | $14B | |
| Accumulated other comprehensive income | -$12.1B | -$12.5B | -$14.3B | -$15.6B | -$16.1B | -$11B | -$8.02B | -$8.8B | -$8.45B | -$7.54B | |
| Shareholders' equity | $1.51B | -$683M | $1.39B | $3.13B | $6.02B | $11B | $9.27B | $6.84B | $6.33B | $6.72B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $14.3B | $14.3B | $14.1B | $12.7B | $12.2B | $11.7B | $15.5B | $17.5B | $20.3B | $21.7B | |
| Net debt (debt - cash) | $12.4B | $11.4B | $13.3B | $11.1B | $9.01B | $8.07B | $13B | $16B | $17.8B | $17.6B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-27, 10-Q 2026-06-28, 10-Q 2026-03-29, 10-K 2025-12-31, 10-Q 2025-09-28, 10-Q 2025-06-29, 10-Q 2025-03-30, 10-K 2024-12-31, 10-Q 2024-09-29
Data as of 2026-11-01