Lockheed Martin annual debt-to-equity ratio
2008
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2025
Lockheed Martin Debt-to-Equity Ratio Growth & History (LMT)
Lockheed Martin's debt-to-equity ratio was 3.39 for fiscal 2025.
View full Lockheed Martin company overviewLockheed Martin annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 3.39 | 0.01 | +0.18% |
| 2024 | 2024-12-31 | 3.38 | 0.66 | +24.04% |
| 2023 | 2023-12-31 | 2.73 | 0.92 | +50.71% |
| 2022 | 2022-12-31 | 1.81 | 0.61 | +51.33% |
| 2021 | 2021-12-31 | 1.20 | −1.01 | −45.87% |
| 2020 | 2020-12-31 | 2.21 | −2.19 | −49.81% |
| 2019 | 2019-12-31 | 4.40 | −5.72 | −56.51% |
| 2018 | 2018-12-31 | 10.12 | — | — |
| 2016 | 2016-12-31 | 9.45 | 4.52 | +91.82% |
| 2015 | 2015-12-31 | 4.93 | 3.12 | +172.78% |
| 2014 | 2014-12-31 | 1.81 | 0.56 | +44.41% |
| 2013 | 2013-12-31 | 1.25 | −160.49 | −99.23% |
| 2012 | 2012-12-31 | 161.74 | 155.25 | +2390.85% |
| 2011 | 2011-12-31 | 6.49 | 5.06 | +352.44% |
| 2010 | 2010-12-31 | 1.44 | 0.16 | +12.67% |
| 2009 | 2009-12-31 | 1.27 | −0.05 | −4.09% |
| 2008 | 2008-12-31 | 1.33 | — | — |
Lockheed Martin quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-28 | 2.34 | −1.71 | −42.26% |
| Q1 2026 | 2026-03-29 | 2.76 | −0.27 | −9.04% |
| Q4 2025 | 2025-12-31 | 3.39 | 0.01 | +0.18% |
| Q3 2025 | 2025-09-28 | 3.59 | 0.91 | +33.78% |
| Q2 2025 | 2025-06-29 | 4.06 | 0.94 | +30.08% |
| Q1 2025 | 2025-03-30 | 3.04 | 0.12 | +4.05% |
| Q4 2024 | 2024-12-31 | 3.38 | 0.66 | +24.04% |
| Q3 2024 | 2024-09-29 | 2.68 | 0.81 | +43.12% |
| Q2 2024 | 2024-06-30 | 3.12 | 1.22 | +64.24% |
| Q1 2024 | 2024-03-31 | 2.92 | 1.30 | +80.55% |
| Q4 2023 | 2023-12-31 | 2.73 | 0.92 | +50.71% |
| Q3 2023 | 2023-09-24 | 1.88 | 0.92 | +95.44% |
| Q2 2023 | 2023-06-25 | 1.90 | 0.88 | +86.42% |
| Q1 2023 | 2023-03-26 | 1.62 | 0.45 | +38.91% |
| Q4 2022 | 2022-12-31 | 1.81 | 0.61 | +51.33% |
| Q3 2022 | 2022-09-25 | 0.96 | −0.25 | −20.85% |
| Q2 2022 | 2022-06-26 | 1.02 | −0.85 | −45.42% |
| Q1 2022 | 2022-03-27 | 1.16 | −0.76 | −39.58% |
| Q4 2021 | 2021-12-31 | 1.20 | −1.01 | −45.87% |
| Q3 2021 | 2021-09-26 | 1.21 | −1.35 | −52.63% |
| Q2 2021 | 2021-06-27 | 1.87 | −1.51 | −44.77% |
| Q1 2021 | 2021-03-28 | 1.93 | −1.76 | −47.67% |
| Q4 2020 | 2020-12-31 | 2.21 | −2.19 | −49.81% |
| Q3 2020 | 2020-09-27 | 2.56 | −1.20 | −31.92% |
| Q2 2020 | 2020-06-28 | 3.38 | −1.75 | −34.07% |
| Q1 2020 | 2020-03-29 | 3.68 | −2.40 | −39.42% |
| Q4 2019 | 2019-12-31 | 4.40 | −5.72 | −56.51% |
| Q3 2019 · Sep 29 | 2019-09-29 | 3.76 | −11.86 | −75.93% |
| Q2 2019 | 2019-06-30 | 5.12 | −29.08 | −85.02% |
| Q1 2019 | 2019-03-31 | 6.08 | — | — |
| Q4 2018 | 2018-12-31 | 10.12 | — | — |
| Q3 2018 | 2018-09-30 | 15.62 | 8.82 | +129.62% |
| Q2 2018 | 2018-06-24 | 34.20 | 22.91 | +202.94% |
| Q3 2017 | 2017-09-24 | 6.80 | 0.64 | +10.45% |
| Q2 2017 | 2017-06-25 | 11.29 | 6.35 | +128.50% |
| Q1 2017 | 2017-03-26 | 9.63 | 4.82 | +100.20% |
| Q4 2016 | 2016-12-31 | 9.45 | 4.52 | +91.82% |
| Q3 2016 | 2016-09-25 | 6.16 | 3.17 | +105.91% |
| Q2 2016 | 2016-06-26 | 4.94 | 2.12 | +75.37% |
| Q1 2016 | 2016-03-27 | 4.81 | 2.42 | +101.40% |
| Q4 2015 | 2015-12-31 | 4.93 | 3.12 | +172.78% |
| Q3 2015 | 2015-09-27 | 2.99 | 1.64 | +121.87% |
| Q2 2015 | 2015-06-28 | 2.82 | 1.39 | +97.26% |
| Q1 2015 | 2015-03-29 | 2.39 | 1.11 | +86.28% |
| Q4 2014 | 2014-12-31 | 1.81 | 0.56 | +44.41% |
| Q3 2014 | 2014-09-28 | 1.35 | −3.47 | −72.04% |
| Q2 2014 | 2014-06-29 | 1.43 | −7.42 | −83.86% |
| Q1 2014 | 2014-03-30 | 1.28 | −19.46 | −93.82% |
| Q4 2013 | 2013-12-31 | 1.25 | −160.49 | −99.23% |
| Q3 2013 | 2013-09-29 | 4.82 | 2.16 | +81.11% |
| Q2 2013 | 2013-06-30 | 8.85 | 5.90 | +199.99% |
| Q1 2013 | 2013-03-31 | 20.74 | 16.62 | +404.00% |
| Q4 2012 | 2012-12-31 | 161.74 | 155.25 | +2390.85% |
| Q3 2012 | 2012-09-30 | 2.66 | — | — |
| Q2 2012 | 2012-06-24 | 2.95 | 1.42 | +92.74% |
| Q1 2012 | 2012-03-25 | 4.11 | 2.79 | +210.53% |
| Q4 2011 | 2011-12-31 | 6.49 | 5.06 | +352.44% |
| Q2 2011 | 2011-06-26 | 1.53 | — | — |
| Q1 2011 | 2011-03-27 | 1.32 | 0.07 | +5.62% |
| Q4 2010 | 2010-12-31 | 1.44 | 0.16 | +12.67% |
| Q3 2010 | 2010-09-26 | 1.23 | 0.02 | +1.62% |
| Q1 2010 | 2010-03-28 | 1.25 | — | — |
| Q4 2009 | 2009-12-31 | 1.27 | −0.05 | −4.09% |
| Q3 2009 | 2009-09-27 | 1.21 | — | — |
| Q2 2009 | 2009-06-28 | 1.35 | — | — |
| Q4 2008 | 2008-12-31 | 1.33 | — | — |
Lockheed Martin debt-to-equity ratio trends
Over the last five fiscal years, Lockheed Martin's debt-to-equity ratio increased from 2.21 to 3.39, a change of 1.18. The latest reported quarter, Q2 2026, shows 2.34.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Lockheed Martin source filings ↗Community posts
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