Lockheed Martin (LMT) Debt/Equity Ratio: History & Chart

Lockheed Martin Corporation(LMT)

Aerospace & Defense · Bethesda, MD

$533.46+4.08 (+0.77%)

Delayed quote: Sep 15, 2026, 4:02 PM EDT

About Lockheed Martin Corporation

Lockheed Martin Corporation stands as a prominent global security and aerospace enterprise, specializing in the comprehensive lifecycle of advanced technological systems. Its expertise spans the research, design, development, manufacturing, integration, and ongoing sustainment of cutting-edge products and services across the world. The company's diverse operations are structured into four key segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics division is responsible for creating and producing leading-edge combat and air mobility aircraft, alongside unmanned aerial vehicles and their related innovations. The Missiles and Fire Control segment delivers sophisticated air and missile defense systems; tactical and precision air-to-ground weapon systems; comprehensive logistics; advanced fire control; mission operations, readiness, engineering support, and integration services; both crewed and uncrewed ground vehicles; and energy management solutions. Within the Rotary and Mission Systems segment, the portfolio includes military and commercial helicopters, naval surface ships, land and sea-based missile defense systems, advanced radar technologies, maritime and airborne mission and combat systems, intricate command and control solutions, cybersecurity services, and simulation and training platforms. The Space division focuses on satellites, space transportation systems, strategic, advanced strike, and defensive missile systems, as well as classified systems and services vital for national security. This segment further enhances situational awareness through network enablement, integrating space and ground-based systems to empower customers in gathering, analyzing, and securely distributing crucial intelligence data. Lockheed Martin primarily serves the United States government, alongside fulfilling foreign military sales facilitated through U.S. government contracts. Established in 1912, the corporation maintains its headquarters in Bethesda, Maryland.

Bethesda, MD

123,000 employees

www.lockheedmartin.com

Industrials / Aerospace & Defense

Sector: Industrials
Industry: Aerospace & Defense
CEO: James D. Taiclet Jr.

View full financials

LMT Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

2.34

DEBT TO EQUITY RATIO AVG TTM

3.20

DEBT TO EQUITY RATIO AVG 3Y

2.85

DEBT TO EQUITY RATIO AVG 5Y

2.30

DEBT TO EQUITY RATIO AVG 10Y

2.88

DEBT TO EQUITY RATIO AVG 15Y

3.09

DEBT TO EQUITY RATIO AVG 20Y

2.37

CURRENT VS TTM AVG

-26.71%

CURRENT VS 3Y AVG

-17.72%

CURRENT VS 5Y AVG

+1.88%

CURRENT VS 10Y AVG

-18.79%

CURRENT VS 15Y AVG

-24.22%

CURRENT VS 20Y AVG

-1.10%

SECTOR MEDIAN · INDUSTRIALS

0.59

median of 149 covered companies

CURRENT VS SECTOR MEDIAN

+297.01%

vs the sector median at left

NAME	MARKET CAP	DEBT TO EQUITY RATIO	TTM	3Y	5Y
Lockheed Martin Corporation (LMT)	$123.12B	2.34	3.20	2.85	2.30
Parker-Hannifin Corporation (PH)vs ›	$116.63B	0.57	0.63	0.85	0.92
Siemens Energy AG (SMEGF)vs ›	$133.12B	0.28	0.40	0.39	0.32
General Dynamics Corporation (GD)vs ›	$97.02B	0.35	0.43	0.51	0.62
Eaton Corporation plc (ETN)vs ›	$152.37B	1.05	0.55	0.54	0.54
Trane Technologies plc (TT)vs ›	$93.01B	0.53	0.63	0.68	0.72
Quanta Services, Inc. (PWR)vs ›	$92.21B	0.69	0.67	0.70	0.65
Safran S.A. (SAFRY)vs ›	$154.08B	0.35	0.43	0.53	0.54
Vertiv Holdings Co (VRT)vs ›	$90.32B	0.68	1.11	1.53	2.14
CSX Corporation (CSX)vs ›	$90.14B	1.37	1.50	1.51	1.44

NAME

MARKET CAP

DEBT TO EQUITY RATIO

TTM

Lockheed Martin Corporation (LMT)

$123.12B

2.34

3.20

2.85

2.30

Parker-Hannifin Corporation (PH)vs ›

$116.63B

0.57

0.63

0.85

0.92

Siemens Energy AG (SMEGF)vs ›

$133.12B

0.28

0.40

0.39

0.32

General Dynamics Corporation (GD)vs ›

$97.02B

0.35

0.43

0.51

0.62

Eaton Corporation plc (ETN)vs ›

$152.37B

1.05

0.55

0.54

Trane Technologies plc (TT)vs ›

$93.01B

0.53

0.63

0.68

0.72

Quanta Services, Inc. (PWR)vs ›

$92.21B

0.69

0.67

0.70

0.65

Safran S.A. (SAFRY)vs ›

$154.08B

0.35

0.43

0.53

0.54

Vertiv Holdings Co (VRT)vs ›

$90.32B

0.68

1.11

1.53

2.14

CSX Corporation (CSX)vs ›

$90.14B

1.37

1.50

1.51

1.44

Debt to Equity Ratio FAQ

What is the debt to equity ratio for Lockheed Martin Corporation (LMT)?

The debt to equity ratio for LMT stock is 2.34.

Is Lockheed Martin Corporation's debt to equity ratio high or low?

The debt to equity ratio of 2.34 is in line with its 5-year average of 2.30, around the middle of its 5-year range (0.96–4.06).

What is the TTM average debt to equity ratio for Lockheed Martin Corporation (LMT)?

The TTM average debt to equity ratio for LMT stock is 3.20.

What is the 3Y average debt to equity ratio for Lockheed Martin Corporation (LMT)?

The 3Y average debt to equity ratio for LMT stock is 2.85.

What is the 5Y average debt to equity ratio for Lockheed Martin Corporation (LMT)?

The 5Y average debt to equity ratio for LMT stock is 2.30.

What is the 10Y average debt to equity ratio for Lockheed Martin Corporation (LMT)?

The 10Y average debt to equity ratio for LMT stock is 2.88.

What is the 15Y average debt to equity ratio for Lockheed Martin Corporation (LMT)?

The 15Y average debt to equity ratio for LMT stock is 3.09.

What is the 20Y average debt to equity ratio for Lockheed Martin Corporation (LMT)?

The 20Y average debt to equity ratio for LMT stock is 2.37.

DATE	DEBT TO EQUITY RATIO
2026-06-28	2.34
2026-03-29	2.76
2025-12-31	3.23
2025-09-28	3.59
2025-06-29	4.06
2025-03-30	3.04
2024-12-31	3.20
2024-09-29	2.68
2024-06-30	3.12
2024-03-31	2.92
2023-12-31	2.55
2023-09-24	1.88
2023-06-25	1.90
2023-03-26	1.62
2022-12-31	1.68
2022-09-25	0.96
2022-06-26	1.02
2022-03-27	1.16
2021-12-31	1.07
2021-09-26	1.21
2021-06-27	1.87
2021-03-28	1.93
2020-12-31	2.02
2020-09-27	2.56
2020-06-28	3.38
2020-03-29	3.68
2019-12-31	4.05
2019-09-29	3.48
2019-06-30	4.75
2019-03-31	5.65
2018-12-31	10.12
2018-09-30	15.62
2018-06-24	34.20
2018-03-25	-128.14
2017-12-31	-20.88
2017-09-24	6.80
2017-06-25	11.29
2017-03-26	9.63
2016-12-31	9.45
2016-09-25	6.16
2016-06-26	4.94
2016-03-27	4.81
2015-12-31	4.93
2015-09-27	2.99
2015-06-28	2.82
2015-03-29	2.39
2014-12-31	1.81
2014-09-28	1.35
2014-06-29	1.43
2014-03-30	1.28
2013-12-31	1.25
2013-09-29	4.82
2013-06-30	8.85
2013-03-31	20.74
2012-12-31	161.74
2012-09-30	2.67
2012-06-24	2.95
2012-03-25	4.11
2011-12-31	6.45
2011-09-25	2.39
2011-06-26	1.53
2011-03-27	1.32
2010-12-31	1.35
2010-09-26	1.28
2010-06-27	1.34
2010-03-28	1.25
2009-12-31	1.22
2009-09-27	1.21
2009-06-28	1.35
2009-03-29	1.35
2008-12-31	1.33
2008-09-28	0.39
2008-06-29	0.51
2008-03-30	0.52
2007-12-31	0.45
2007-09-30	0.59
2007-06-30	0.62
2007-03-31	0.63
2006-12-31	0.64
2006-09-30	0.55
2006-06-30	0.63
2006-03-31	0.63
2005-12-31	0.63
2005-09-30	0.66
2005-06-30	0.64
2005-03-31	0.69
2004-12-31	0.73
2004-09-30	0.84
2004-06-30	0.86
2004-03-31	0.88
2003-12-31	0.92
2003-09-30	0.99
2003-06-30	1.02
2003-03-31	1.17
2002-12-31	1.29
2002-09-30	0.97

DATE

DEBT TO EQUITY RATIO

2026-06-28

2.34

2026-03-29

2.76

2025-12-31

3.23

2025-09-28

3.59

2025-06-29

4.06

2025-03-30

3.04

2024-12-31

3.20

2024-09-29

2.68

2024-06-30

3.12

2024-03-31

2.92

2023-12-31

2.55

2023-09-24

1.88

2023-06-25

1.90

2023-03-26

1.62

2022-12-31

1.68

2022-09-25

0.96

2022-06-26

1.02

2022-03-27

1.16

2021-12-31

1.07

2021-09-26

1.21

2021-06-27

1.87

2021-03-28

1.93

2020-12-31

2.02

2020-09-27

2.56

2020-06-28

3.38

2020-03-29

3.68

2019-12-31

4.05

2019-09-29

3.48

2019-06-30

4.75

2019-03-31

5.65

2018-12-31

10.12

2018-09-30

15.62

2018-06-24

34.20

2018-03-25

-128.14

2017-12-31

-20.88

2017-09-24

6.80

2017-06-25

11.29

2017-03-26

9.63

2016-12-31

9.45

2016-09-25

6.16

2016-06-26

4.94

2016-03-27

4.81

2015-12-31

4.93

2015-09-27

2.99

2015-06-28

2.82

2015-03-29

2.39

2014-12-31

1.81

2014-09-28

1.35

2014-06-29

1.43

2014-03-30

1.28

2013-12-31

1.25

2013-09-29

4.82

2013-06-30

8.85

2013-03-31

20.74

2012-12-31

161.74

2012-09-30

2.67

2012-06-24

2.95

2012-03-25

4.11

2011-12-31

6.45

2011-09-25

2.39

2011-06-26

1.53

2011-03-27

1.32

2010-12-31

1.35

2010-09-26

1.28

2010-06-27

1.34

2010-03-28

1.25

2009-12-31

1.22

2009-09-27

1.21

2009-06-28

1.35

2009-03-29

1.35

2008-12-31

1.33

2008-09-28

0.39

2008-06-29

0.51

2008-03-30

0.52

2007-12-31

0.45

2007-09-30

0.59

2007-06-30

0.62

2007-03-31

0.63

2006-12-31

0.64

2006-09-30

0.55

2006-06-30

0.63

2006-03-31

0.63

2005-12-31

0.63

2005-09-30

0.66

2005-06-30

0.64

2005-03-31

0.69

2004-12-31

0.73

2004-09-30

0.84

2004-06-30

0.86

2004-03-31

0.88

2003-12-31

0.92

2003-09-30

0.99

2003-06-30

1.02

2003-03-31

1.17

2002-12-31

1.29

2002-09-30

0.97

Debt to Equity Ratio: 2.34

LMT Debt to Equity Ratio

LMT Average Debt to Equity Ratio Chart

LMT Current vs Average Debt to Equity Ratio Chart

LMT Debt to Equity Ratio Metrics

LMT Competitors' Debt to Equity Ratio

Financial Health

Debt to Equity Ratio Formula & Definition

Debt to Equity Ratio FAQ

LMT Debt to Equity Ratio History

Related Metrics