LMT FINANCIAL STATEMENTS

Lockheed Martin Corporation — balance sheet, income statement and cash flow trends

LMTLockheed Martin Corporation

🇺🇸 USA · US · Industrials · Aerospace & Defense

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue75.1 B $+4.6%

Gross Profit7.4 B $+0.4%

Operating Income7.4 B $+0.9%

EBITDA8.5 B $-6.7%

Net Income4.8 B $-12.9%

Peer Comparison· Aerospace & Defense

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
LMT	4.6%	9.8%	11.3%	6.4%
SAF	12.9%	14.3%	18.0%	23.0%
AIR	3.7%	14.7%	13.6%	6.9%
AIR	3.7%	14.7%	11.7%	6.9%
RHM	-8.7%	45.9%	22.7%	7.6%
HO	7.6%	26.4%	14.3%	7.6%
Industry median	12.2%	24.2%	13.1%	6.6%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
LMT	4.6%	9.8%	11.3%	6.4%
HWM	14.2%	32.6%	29.6%	20.2%
GD	9.3%	15.2%	11.7%	8.1%
BA	32.7%	4.8%	7.9%	2.5%
TDG	13.3%	59.0%	50.3%	21.3%
NOC	5.0%	20.5%	18.2%	10.8%
Industry median	12.2%	24.2%	13.1%	6.6%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity7.5 B $13%
Current Liabilities22.1 B $37%
Long-term Liabilities29.7 B $50%

Key Figures

YoY change

Total Assets59.2 B $+4.5%

Total Liabilities51.7 B $+3.5%

Total Equity7.5 B $+12.1%

Cash & ST Investments1.9 B $+5.0%

Total Debt20.7 B $+1.9%

Net Debt18.8 B $+1.6%

Peer Comparison· Aerospace & Defense

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
LMT	1.14	276.4%	2.22	12.6%
SAF	0.90	35.9%	-0.26	24.0%
AIR	1.13	55.8%	-0.03	18.8%
AIR	1.13	55.8%	-0.04	18.8%
RHM	1.05	40.4%	0.38	27.2%
HO	0.84	76.9%	0.52	20.4%
Industry median	1.75	48.4%	0.88	44.2%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
LMT	1.14	276.4%	2.22	12.6%
HWM	2.44	84.9%	0.88	42.3%
GD	1.38	30.7%	0.69	44.2%
BA	1.18	788.5%	3.59	3.6%
TDG	3.52	-340.4%	5.88	-37.0%
NOC	1.14	99.8%	1.95	34.2%
Industry median	1.75	48.4%	0.88	44.2%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow7.4 B $+9.2%

Capital Expenditures1.7 B $-3.1%

Free Cash Flow5.7 B $+13.6%

Dividends Paid-3.2 B $-202.5%

Peer Comparison· Aerospace & Defense

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
LMT	9.8%	7.5%	2.3%	153.7%
SAF	18.3%	14.4%	4.0%	79.7%
AIR	8.1%	2.7%	5.5%	117.8%
AIR	8.1%	2.7%	5.5%	117.8%
RHM	17.9%	8.8%	9.1%	236.8%
HO	15.0%	11.8%	3.3%	198.4%
Industry median	11.1%	5.8%	3.8%	110.3%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
LMT	9.8%	7.5%	2.3%	153.7%
HWM	24.2%	16.6%	7.5%	119.5%
GD	13.8%	11.5%	2.3%	171.0%
BA	2.7%	-1.1%	5.3%	110.3%
TDG	22.2%	19.5%	2.7%	104.1%
NOC	11.0%	7.8%	3.2%	102.0%
Industry median	11.1%	5.8%	3.8%	110.3%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 6, 26. This content is for informational purposes only and is not investment advice.