Lockheed Martin Corporation
Lockheed Martin Corporation, an aerospace and defense company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through four segments: Aeronautics; Missiles and Fire Control (MFC); Rotary and Mission Systems (RMS); and Space. The Aeronautics segment offers combat and air mobility a… Read more
Lockheed Martin Corporation (LMT) - Net Assets
Latest net assets as of September 2025: $6.18 Billion USD
Based on the latest financial reports, Lockheed Martin Corporation (LMT) has net assets worth $6.18 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($60.28 Billion) and total liabilities ($54.09 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $6.18 Billion |
| % of Total Assets | 10.25% |
| Annual Growth Rate | 0.64% |
| 5-Year Change | 4.89% |
| 10-Year Change | 104.49% |
| Growth Volatility | 2246.91 |
Lockheed Martin Corporation - Net Assets Trend (1993–2024)
This chart illustrates how Lockheed Martin Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lockheed Martin Corporation (1993–2024)
The table below shows the annual net assets of Lockheed Martin Corporation from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $6.33 Billion | -7.34% |
| 2023-12-31 | $6.83 Billion | -26.24% |
| 2022-12-31 | $9.27 Billion | -15.45% |
| 2021-12-31 | $10.96 Billion | +81.50% |
| 2020-12-31 | $6.04 Billion | +90.41% |
| 2019-12-31 | $3.17 Billion | +118.84% |
| 2018-12-31 | $1.45 Billion | +337.93% |
| 2017-12-31 | $-609.00 Million | -137.92% |
| 2016-12-31 | $1.61 Billion | -48.14% |
| 2015-12-31 | $3.10 Billion | -8.91% |
| 2014-12-31 | $3.40 Billion | -30.87% |
| 2013-12-31 | $4.92 Billion | +12510.26% |
| 2012-12-31 | $39.00 Million | -96.10% |
| 2011-12-31 | $1.00 Billion | -73.00% |
| 2010-12-31 | $3.71 Billion | -10.20% |
| 2009-12-31 | $4.13 Billion | +44.12% |
| 2008-12-31 | $2.87 Billion | -70.78% |
| 2007-12-31 | $9.80 Billion | +42.43% |
| 2006-12-31 | $6.88 Billion | -12.50% |
| 2005-12-31 | $7.87 Billion | +12.05% |
| 2004-12-31 | $7.02 Billion | +3.92% |
| 2003-12-31 | $6.76 Billion | +15.19% |
| 2002-12-31 | $5.87 Billion | -8.97% |
| 2001-12-31 | $6.44 Billion | -10.01% |
| 2000-12-31 | $7.16 Billion | +12.56% |
| 1999-12-31 | $6.36 Billion | +3.65% |
| 1998-12-31 | $6.14 Billion | +18.57% |
| 1997-12-31 | $5.18 Billion | -24.50% |
| 1996-12-31 | $6.86 Billion | +6.58% |
| 1995-12-31 | $6.43 Billion | +5.70% |
| 1994-12-31 | $6.09 Billion | +17.02% |
| 1993-12-31 | $5.20 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lockheed Martin Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 291.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $14.55 Billion | 229.76% |
| Common Stock | $234.00 Million | 3.69% |
| Other Comprehensive Income | $-8.45 Billion | -133.46% |
| Total Equity | $6.33 Billion | 100.00% |
Lockheed Martin Corporation Competitors by Market Cap
The table below lists competitors of Lockheed Martin Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Comcast Corp
NASDAQ:CMCSA
|
$107.11 Billion |
|
L'Air Liquide S.A
PINK:AIQUF
|
$107.70 Billion |
|
Crowdstrike Holdings Inc
NASDAQ:CRWD
|
$107.94 Billion |
|
ICICI Bank Limited
NYSE:IBN
|
$109.95 Billion |
|
Boston Scientific Corp
NYSE:BSX
|
$105.26 Billion |
|
Newmont Corporation
AU:NEM
|
$105.12 Billion |
|
Agnico Eagle Mines Limited
NYSE:AEM
|
$105.00 Billion |
|
Sanofi
PINK:SNYNF
|
$104.98 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lockheed Martin Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,835,000,000 to 6,333,000,000, a change of -502,000,000 (-7.3%).
- Net income of 5,336,000,000 contributed positively to equity growth.
- Dividend payments of 3,059,000,000 reduced retained earnings.
- Share repurchases of 3,700,000,000 reduced equity.
- Other comprehensive income increased equity by 351,000,000.
- Other factors increased equity by 570,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.34 Billion | +84.26% |
| Dividends Paid | $3.06 Billion | -48.3% |
| Share Repurchases | $3.70 Billion | -58.42% |
| Other Comprehensive Income | $351.00 Million | +5.54% |
| Other Changes | $570.00 Million | +9.0% |
| Total Change | $- | -7.34% |
Book Value vs Market Value Analysis
This analysis compares Lockheed Martin Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 24.03x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 54.10x to 24.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $11.76 | $636.33 | x |
| 1994-12-31 | $13.94 | $636.33 | x |
| 1995-12-31 | $14.55 | $636.33 | x |
| 1996-12-31 | $15.49 | $636.33 | x |
| 1997-12-31 | $13.97 | $636.33 | x |
| 1998-12-31 | $16.10 | $636.33 | x |
| 1999-12-31 | $16.49 | $636.33 | x |
| 2000-12-31 | $17.80 | $636.33 | x |
| 2001-12-31 | $14.90 | $636.33 | x |
| 2002-12-31 | $12.98 | $636.33 | x |
| 2003-12-31 | $15.01 | $636.33 | x |
| 2004-12-31 | $15.70 | $636.33 | x |
| 2005-12-31 | $17.65 | $636.33 | x |
| 2006-12-31 | $15.77 | $636.33 | x |
| 2007-12-31 | $22.96 | $636.33 | x |
| 2008-12-31 | $7.00 | $636.33 | x |
| 2009-12-31 | $10.62 | $636.33 | x |
| 2010-12-31 | $10.07 | $636.33 | x |
| 2011-12-31 | $2.94 | $636.33 | x |
| 2012-12-31 | $0.12 | $636.33 | x |
| 2013-12-31 | $15.06 | $636.33 | x |
| 2014-12-31 | $10.55 | $636.33 | x |
| 2015-12-31 | $9.84 | $636.33 | x |
| 2016-12-31 | $4.99 | $636.33 | x |
| 2017-12-31 | $-2.35 | $636.33 | x |
| 2018-12-31 | $4.86 | $636.33 | x |
| 2019-12-31 | $11.02 | $636.33 | x |
| 2020-12-31 | $21.39 | $636.33 | x |
| 2021-12-31 | $39.51 | $636.33 | x |
| 2022-12-31 | $35.02 | $636.33 | x |
| 2023-12-31 | $27.21 | $636.33 | x |
| 2024-12-31 | $26.48 | $636.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lockheed Martin Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 84.26%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.51%
- • Asset Turnover: 1.28x
- • Equity Multiplier: 8.78x
- Recent ROE (84.26%) is below the historical average (293.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 15.94% | 3.70% | 1.31x | 3.29x | $308.90 Million |
| 1994 | 16.73% | 4.44% | 1.27x | 2.97x | $409.40 Million |
| 1995 | 10.60% | 2.98% | 1.29x | 2.74x | $38.70 Million |
| 1996 | 19.65% | 5.01% | 0.92x | 4.27x | $661.40 Million |
| 1997 | 25.12% | 4.63% | 0.99x | 5.48x | $782.40 Million |
| 1998 | 16.31% | 3.81% | 0.91x | 4.68x | $387.30 Million |
| 1999 | 6.01% | 1.50% | 0.85x | 4.72x | $-254.10 Million |
| 2000 | -7.25% | -2.05% | 0.83x | 4.24x | $-1.24 Billion |
| 2001 | -16.23% | -4.36% | 0.87x | 4.29x | $-1.69 Billion |
| 2002 | 8.53% | 1.88% | 1.03x | 4.39x | $-86.50 Million |
| 2003 | 15.59% | 3.31% | 1.22x | 3.87x | $377.40 Million |
| 2004 | 18.03% | 3.56% | 1.39x | 3.64x | $563.90 Million |
| 2005 | 23.20% | 4.90% | 1.34x | 3.53x | $1.04 Billion |
| 2006 | 36.74% | 6.38% | 1.40x | 4.10x | $1.84 Billion |
| 2007 | 30.93% | 7.25% | 1.45x | 2.95x | $2.05 Billion |
| 2008 | 112.29% | 7.53% | 1.28x | 11.67x | $2.93 Billion |
| 2009 | 73.24% | 6.69% | 1.29x | 8.50x | $2.61 Billion |
| 2010 | 78.91% | 6.39% | 1.31x | 9.46x | $2.56 Billion |
| 2011 | 265.23% | 5.71% | 1.23x | 37.87x | $2.55 Billion |
| 2012 | 7038.46% | 5.82% | 1.22x | 991.21x | $2.74 Billion |
| 2013 | 60.61% | 6.57% | 1.25x | 7.36x | $2.49 Billion |
| 2014 | 106.29% | 9.05% | 1.08x | 10.90x | $3.27 Billion |
| 2015 | 116.40% | 8.89% | 0.83x | 15.86x | $3.30 Billion |
| 2016 | 350.89% | 11.21% | 0.99x | 31.64x | $5.15 Billion |
| 2017 | 0.00% | 4.01% | 1.07x | 0.00x | $2.07 Billion |
| 2018 | 361.98% | 9.39% | 1.20x | 32.19x | $4.91 Billion |
| 2019 | 199.23% | 10.42% | 1.26x | 15.20x | $5.92 Billion |
| 2020 | 113.60% | 10.45% | 1.29x | 8.43x | $6.23 Billion |
| 2021 | 57.62% | 9.42% | 1.32x | 4.64x | $5.22 Billion |
| 2022 | 61.86% | 8.69% | 1.25x | 5.71x | $4.81 Billion |
| 2023 | 101.24% | 10.24% | 1.29x | 7.67x | $6.24 Billion |
| 2024 | 84.26% | 7.51% | 1.28x | 8.78x | $4.70 Billion |
Industry Comparison
This section compares Lockheed Martin Corporation's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $301,480,945
- Average return on equity (ROE) among peers: 29.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lockheed Martin Corporation (LMT) | $6.18 Billion | 15.94% | 8.75x | $106.03 Billion |
| Alabama Aircraft Industries Inc (AAIIQ) | $3.00 Million | 70.00% | 22.83x | $0.97 |
| AAC Clyde Space AB (ACCMF) | $662.75 Million | -6.24% | 0.42x | $49.09 Million |
| Archer Aviation Inc (ACHR) | $698.90 Million | -49.76% | 0.10x | $3.44 Billion |
| American Defense Systems Inc (ADFS) | $9.01 Million | 34.56% | 0.45x | $4.85K |
| AAR Corp (AIR) | $866.00 Million | 7.82% | 1.54x | $4.16 Billion |
| Air Industries Group (AIRI) | $21.61 Million | 17.30% | 1.32x | $12.09 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $548.73 Million | -7.05% | 0.28x | $168.72 Million |
| Philly Shipyard ASA (AKRRF) | $155.58 Million | 43.21% | 0.63x | $13.32 Million |
| ASI Aviation Inc (ASAV) | $6.88 | 150.58% | 2.47x | $2.48 Million |
| Astronics Corporation (ATRO) | $49.23 Million | 31.26% | 1.11x | $2.35 Billion |