Lockheed Martin Corporation (LMT) — Tangible Net Worth Ratio
Lockheed Martin Corporation (LMT) has a Tangible Net Worth Ratio of 68.6% as of September 2025. This metric is calculated by deducting intangible assets ($1.94 Billion) from net assets ($6.18 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See LMT working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Lockheed Martin Corporation Tangible Net Worth Ratio (1993–2024)
This chart shows how Lockheed Martin Corporation's Tangible Net Worth Ratio has changed across 31 annual periods from 1993 to 2024. As of September 2025, the ratio stands at 68.6%, reflecting net assets of $6.18 Billion with intangible assets of $1.94 Billion USD. See Lockheed Martin Corporation (LMT) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Lockheed Martin Corporation (1993–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Lockheed Martin Corporation from 1993 to 2024, covering 31 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see LMT stock market capitalisation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 68.2% | $6.33 Billion | $2.02 Billion | $55.62 Billion | ▲ +0.5 pp |
| 2023 | 67.6% | $6.83 Billion | $2.21 Billion | $52.46 Billion | ▼ -5.8 pp |
| 2022 | 73.5% | $9.27 Billion | $2.46 Billion | $52.88 Billion | ▼ -1.8 pp |
| 2021 | 75.3% | $10.96 Billion | $2.71 Billion | $50.87 Billion | ▲ +25.2 pp |
| 2020 | 50.1% | $6.04 Billion | $3.01 Billion | $50.71 Billion | ▲ +51.4 pp |
| 2019 | -1.3% | $3.17 Billion | $3.21 Billion | $47.53 Billion | ▲ +139.8 pp |
| 2018 | -141.1% | $1.45 Billion | $3.49 Billion | $44.88 Billion | ▲ +13.7 pp |
| 2016 | -154.9% | $1.61 Billion | $4.09 Billion | $47.81 Billion | ▼ -121.0 pp |
| 2015 | -33.9% | $3.10 Billion | $4.15 Billion | $49.13 Billion | ▼ -108.3 pp |
| 2014 | 74.4% | $3.40 Billion | $871.00 Million | $37.07 Billion | ▼ -12.3 pp |
| 2013 | 86.7% | $4.92 Billion | $653.00 Million | $36.19 Billion | ▲ +2061.1 pp |
| 2012 | -1974.4% | $39.00 Million | $809.00 Million | $38.66 Billion | ▼ -1060.6 pp |
| 2011 | -913.8% | $1.00 Billion | $10.15 Billion | $37.91 Billion | ▼ -1010.4 pp |
| 2010 | 96.6% | $3.71 Billion | $127.00 Million | $35.07 Billion | ▲ +4.1 pp |
| 2009 | 92.5% | $4.13 Billion | $311.00 Million | $35.10 Billion | ▲ +4.9 pp |
| 2008 | 87.6% | $2.87 Billion | $355.00 Million | $33.44 Billion | ▼ -7.7 pp |
| 2007 | 95.3% | $9.80 Billion | $463.00 Million | $28.93 Billion | ▲ +4.1 pp |
| 2006 | 91.2% | $6.88 Billion | $605.00 Million | $28.23 Billion | ▼ -1.7 pp |
| 2005 | 92.9% | $7.87 Billion | $560.00 Million | $27.74 Billion | ▲ +2.5 pp |
| 2004 | 90.4% | $7.02 Billion | $672.00 Million | $25.55 Billion | ▲ +2.4 pp |
| 2003 | 88.1% | $6.76 Billion | $807.00 Million | $26.18 Billion | ▲ +1.9 pp |
| 2002 | 86.1% | $5.87 Billion | $814.00 Million | $25.76 Billion | ▲ +0.7 pp |
| 2001 | 85.4% | $6.44 Billion | $939.00 Million | $27.65 Billion | ▲ +124.3 pp |
| 2000 | -38.9% | $7.16 Billion | $9.94 Billion | $30.35 Billion | ▼ -119.1 pp |
| 1999 | 80.2% | $6.36 Billion | $1.26 Billion | $30.01 Billion | ▲ +3.3 pp |
| 1998 | 76.9% | $6.14 Billion | $1.42 Billion | $28.74 Billion | ▲ +7.1 pp |
| 1997 | 69.7% | $5.18 Billion | $1.57 Billion | $28.36 Billion | ▼ -4.5 pp |
| 1996 | 74.2% | $6.86 Billion | $1.77 Billion | $29.26 Billion | ▲ +2.3 pp |
| 1995 | 71.9% | $6.43 Billion | $1.81 Billion | $17.65 Billion | ▲ +4.3 pp |
| 1994 | 67.6% | $6.09 Billion | $1.97 Billion | $18.05 Billion | ▲ +8.5 pp |
| 1993 | 59.1% | $5.20 Billion | $2.13 Billion | $17.11 Billion | — |