63/100B593.29
USD
-10.65
(-1.76%)
Market Open
Last updated: · Delayed 15 min
Fair value622.16Plus-5%467Price 593.29778
Q4 FY2026 · Earnings report
EPS estimate 8.34Revenue estimate 22.65B
Q4 FY2026 · Earnings report
EPS estimate 8.34Revenue estimate 22.65B
Lockheed Martin total debt 1993–2026What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
Lockheed Martin's total debt was 20.50B USD on 27 September 2026, down 7.6% on a year before. At the end of fiscal year 2025 it was 21.70B USD.
Last updated 7 Nov 2026 · Next report 26 Jan 2027
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 27 Sept 2026 | 20.50B | -7.62% | 5.96B | -14.54B | 2.04 |
| FY2025 | 31 Dec 2025 | 21.70B | +7.05% | 4.12B | -17.58B | 3.23 |
| FY2024 | 31 Dec 2024 | 20.27B | +16.10% | 2.48B | -17.79B | 3.20 |
| FY2023 | 31 Dec 2023 | 17.46B | +12.30% | 1.44B | -16.02B | 2.55 |
| FY2022 | 31 Dec 2022 | 15.55B | +33.15% | 2.55B | -13.00B | 1.68 |
| FY2021 | 31 Dec 2021 | 11.68B | -4.05% | 3.60B | -8.07B | 1.07 |
| FY2020 | 31 Dec 2020 | 12.17B | -3.83% | 3.16B | -9.01B | 2.02 |
| FY2019 | 31 Dec 2019 | 12.65B | -10.28% | 1.51B | -11.14B | 4.05 |
| FY2018 | 31 Dec 2018 | 14.10B | -1.11% | 772.00M | -13.33B | 10.12 |
| FY2017 | 31 Dec 2017 | 14.26B | -0.13% | 2.86B | -11.40B | — |
| FY2016 | 31 Dec 2016 | 14.28B | -6.42% | 1.84B | -12.45B | 9.45 |
| FY2015 | 31 Dec 2015 | 15.26B | +147.38% | 1.09B | -14.17B | 4.93 |
| FY2014 | 31 Dec 2014 | 6.17B | +0.28% | 1.45B | -4.72B | 1.81 |
| FY2013 | 31 Dec 2013 | 6.15B | -2.47% | 2.62B | -3.54B | 1.25 |
| FY2012 | 31 Dec 2012 | 6.31B | -2.35% | 1.90B | -4.41B | 161.74 |
| FY2011 | 31 Dec 2011 | 6.46B | +28.71% | 3.59B | -2.88B | 6.45 |
| FY2010 | 31 Dec 2010 | 5.02B | -0.65% | 2.78B | -2.24B | 1.35 |
| FY2009 | 31 Dec 2009 | 5.05B | +32.77% | 2.39B | -2.66B | 1.22 |
| FY2008 | 31 Dec 2008 | 3.81B | -13.66% | 2.23B | -1.58B | 1.33 |
| FY2007 | 31 Dec 2007 | 4.41B | -0.72% | 2.98B | -1.43B | 0.45 |
| FY2006 | 31 Dec 2006 | 4.44B | -10.97% | 2.29B | -2.15B | 0.64 |
| FY2005 | 31 Dec 2005 | 4.99B | -2.60% | 2.67B | -2.31B | 0.63 |
| FY2004 | 31 Dec 2004 | 5.12B | -17.54% | 1.46B | -3.66B | 0.73 |
| FY2003 | 31 Dec 2003 | 6.21B | -18.12% | 1.25B | -4.96B | 0.92 |
| FY2002 | 31 Dec 2002 | 7.58B | +0.95% | 2.74B | -4.84B | 1.29 |
| FY2001 | 31 Dec 2001 | 7.51B | -24.58% | 912.00M | -6.60B | 1.17 |
| FY2000 | 31 Dec 2000 | 9.96B | -16.69% | 1.51B | -8.45B | 1.39 |
| FY1999 | 31 Dec 1999 | 11.95B | +9.81% | 455.00M | -11.50B | 1.88 |
| FY1998 | 31 Dec 1998 | 10.89B | -8.51% | 285.00M | -10.60B | 1.77 |
| FY1997 | 31 Dec 1997 | 11.90B | +3.66% | 0.00 | -11.90B | 2.30 |
| FY1996 | 31 Dec 1996 | 11.48B | +207.56% | 0.00 | -11.48B | 1.67 |
| FY1995 | 31 Dec 1995 | 3.73B | -3.79% | 653.00M | -3.08B | 0.58 |
| FY1994 | 31 Dec 1994 | 3.88B | -11.28% | 639.00M | -3.24B | 0.64 |
| FY1993 | 31 Dec 1993 | 4.37B | — | 366.00M | -4.01B | 0.84 |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q3 FY2026 | 27 Sept 2026 | 20.50B | -7.62% | 5.96B | -14.54B | 2.04 |
| Q2 FY2026 | 28 Jun 2026 | 20.54B | -5.08% | 3.79B | -16.75B | 2.34 |
| Q1 FY2026 | 29 Mar 2026 | 20.70B | +1.94% | 1.89B | -18.80B | 2.76 |
| Q4 FY2025 | 31 Dec 2025 | 21.70B | +7.05% | 4.12B | -17.58B | 3.23 |
| Q3 FY2025 | 28 Sept 2025 | 22.19B | +14.84% | 3.47B | -18.72B | 3.59 |
| Q2 FY2025 | 29 Jun 2025 | 21.64B | +12.36% | 1.29B | -20.35B | 4.06 |
| Q1 FY2025 | 30 Mar 2025 | 20.30B | +4.56% | 1.80B | -18.50B | 3.04 |
| Q4 FY2024 | 31 Dec 2024 | 20.27B | +16.10% | 2.48B | -17.79B | 3.20 |
| Q3 FY2024 | 29 Sept 2024 | 19.32B | +11.11% | 3.15B | -16.17B | 2.68 |
| Q2 FY2024 | 30 Jun 2024 | 19.26B | +9.76% | 2.52B | -16.73B | 3.12 |
| Q1 FY2024 | 31 Mar 2024 | 19.42B | +24.47% | 2.79B | -16.63B | 2.92 |
| Q4 FY2023 | 31 Dec 2023 | 17.46B | +12.30% | 1.44B | -16.02B | 2.55 |
| Q3 FY2023 | 24 Sept 2023 | 17.39B | +51.47% | 3.55B | -13.84B | 1.88 |
| Q2 FY2023 | 25 Jun 2023 | 17.55B | +50.68% | 3.67B | -13.87B | 1.90 |
| Q1 FY2023 | 26 Mar 2023 | 15.60B | +33.96% | 2.44B | -13.16B | 1.62 |
| Q4 FY2022 | 31 Dec 2022 | 15.55B | +33.15% | 2.55B | -13.00B | 1.68 |
| Q3 FY2022 | 25 Sept 2022 | 11.48B | -1.66% | 2.43B | -9.05B | 0.96 |
| Q2 FY2022 | 26 Jun 2022 | 11.64B | -4.33% | 1.78B | -9.87B | 1.02 |
| Q1 FY2022 | 27 Mar 2022 | 11.65B | -4.26% | 1.88B | -9.76B | 1.16 |
| Q4 FY2021 | 31 Dec 2021 | 11.68B | -4.05% | 3.60B | -8.07B | 1.07 |
| Q3 FY2021 | 26 Sept 2021 | 11.67B | -7.90% | 2.73B | -8.95B | 1.21 |
| Q2 FY2021 | 27 Jun 2021 | 12.17B | -3.97% | 2.75B | -9.43B | 1.87 |
| Q1 FY2021 | 28 Mar 2021 | 12.16B | -4.15% | 2.93B | -9.23B | 1.93 |
| Q4 FY2020 | 31 Dec 2020 | 12.17B | -3.83% | 3.16B | -9.01B | 2.02 |
| Q3 FY2020 | 27 Sept 2020 | 12.68B | -6.47% | 3.59B | -9.09B | 2.56 |
| Q2 FY2020 | 28 Jun 2020 | 12.67B | -6.38% | 2.86B | -9.82B | 3.38 |
| Q1 FY2020 | 29 Mar 2020 | 12.69B | -8.85% | 1.99B | -10.70B | 3.68 |
| Q4 FY2019 | 31 Dec 2019 | 12.65B | -10.28% | 1.51B | -11.14B | 4.05 |
| Q3 FY2019 | 29 Sept 2019 | 13.55B | -7.97% | 2.54B | -11.01B | 3.48 |
| Q2 FY2019 | 30 Jun 2019 | 13.54B | -4.86% | 1.17B | -12.37B | 4.75 |
| Q1 FY2019 | 31 Mar 2019 | 13.92B | -2.12% | 991.00M | -12.93B | 5.65 |
| Q4 FY2018 | 31 Dec 2018 | 14.10B | -1.11% | 772.00M | -13.33B | 10.12 |
| Q3 FY2018 | 30 Sept 2018 | 14.73B | +3.21% | 897.00M | -13.83B | 15.62 |
| Q2 FY2018 | 24 Jun 2018 | 14.23B | -0.38% | 1.18B | -13.05B | 34.20 |
| Q1 FY2018 | 25 Mar 2018 | 14.22B | -0.37% | 2.39B | -11.83B | — |
| Q4 FY2017 | 31 Dec 2017 | 14.26B | -0.13% | 2.86B | -11.40B | — |
| Q3 FY2017 | 24 Sept 2017 | 14.27B | -0.25% | 2.94B | -11.33B | 6.80 |
| Q2 FY2017 | 25 Jun 2017 | 14.28B | -3.55% | 2.45B | -11.83B | 11.29 |
| Q1 FY2017 | 26 Mar 2017 | 14.28B | -6.55% | 2.22B | -12.06B | 9.63 |
| Q4 FY2016 | 31 Dec 2016 | 14.28B | -6.42% | 1.84B | -12.45B | 9.45 |
| Q3 FY2016 | 25 Sept 2016 | 14.30B | +70.04% | 2.90B | -11.41B | 6.16 |
| Q2 FY2016 | 26 Jun 2016 | 14.81B | +76.26% | 1.27B | -13.54B | 4.94 |
| Q1 FY2016 | 27 Mar 2016 | 15.28B | +81.77% | 1.45B | -13.82B | 4.81 |
| Q4 FY2015 | 31 Dec 2015 | 15.26B | +147.38% | 1.09B | -14.17B | 4.93 |
| Q3 FY2015 | 27 Sept 2015 | 8.41B | +36.45% | 3.30B | -5.11B | 2.99 |
| Q2 FY2015 | 28 Jun 2015 | 8.40B | +36.20% | 3.20B | -5.20B | 2.82 |
| Q1 FY2015 | 29 Mar 2015 | 8.40B | +36.61% | 3.49B | -4.92B | 2.39 |
| Q4 FY2014 | 31 Dec 2014 | 6.17B | +0.28% | 1.45B | -4.72B | 1.81 |
| Q3 FY2014 | 28 Sept 2014 | 6.17B | +0.15% | 2.96B | -3.20B | 1.35 |
| Q2 FY2014 | 29 Jun 2014 | 6.17B | +0.47% | 3.44B | -2.73B | 1.43 |
| Q1 FY2014 | 30 Mar 2014 | 6.15B | -2.41% | 3.26B | -2.89B | 1.28 |
| Q4 FY2013 | 31 Dec 2013 | 6.15B | -2.47% | 2.62B | -3.54B | 1.25 |
| Q3 FY2013 | 29 Sept 2013 | 6.16B | -5.64% | 2.66B | -3.50B | 4.82 |
| Q2 FY2013 | 30 Jun 2013 | 6.14B | -5.44% | 2.85B | -3.30B | 8.85 |
| Q1 FY2013 | 31 Mar 2013 | 6.30B | -2.60% | 3.07B | -3.24B | 20.74 |
| Q4 FY2012 | 31 Dec 2012 | 6.31B | -2.35% | 1.90B | -4.41B | 161.74 |
| Q3 FY2012 | 30 Sept 2012 | 6.52B | -7.30% | 4.65B | -1.87B | 2.67 |
| Q2 FY2012 | 24 Jun 2012 | 6.49B | +29.06% | 3.80B | -2.69B | 2.95 |
| Q1 FY2012 | 25 Mar 2012 | 6.47B | +28.85% | 3.52B | -2.95B | 4.11 |
| Q4 FY2011 | 31 Dec 2011 | 6.46B | +28.71% | 3.59B | -2.88B | 6.45 |
| Q3 FY2011 | 25 Sept 2011 | 7.04B | +40.23% | 4.57B | -2.47B | 2.39 |
| Q2 FY2011 | 26 Jun 2011 | 5.03B | +0.24% | 3.52B | -1.51B | 1.53 |
| Q1 FY2011 | 27 Mar 2011 | 5.02B | -0.59% | 3.86B | -1.16B | 1.32 |
| Q4 FY2010 | 31 Dec 2010 | 5.02B | -0.65% | 2.78B | -2.24B | 1.35 |
| Q3 FY2010 | 26 Sept 2010 | 5.02B | +31.91% | 3.42B | -1.60B | 1.28 |
| Q2 FY2010 | 27 Jun 2010 | 5.02B | +31.91% | 3.60B | -1.42B | 1.34 |
| Q1 FY2010 | 28 Mar 2010 | 5.05B | +32.80% | 3.29B | -1.77B | 1.25 |
| Q4 FY2009 | 31 Dec 2009 | 5.05B | +32.77% | 2.39B | -2.66B | 1.22 |
| Q3 FY2009 | 27 Sept 2009 | 3.81B | 0.00% | 2.71B | -1.10B | 1.21 |
| Q2 FY2009 | 28 Jun 2009 | 3.81B | -20.80% | 2.67B | -1.13B | 1.35 |
| Q1 FY2009 | 29 Mar 2009 | 3.81B | -22.46% | 2.38B | -1.42B | 1.35 |
| Q4 FY2008 | 31 Dec 2008 | 3.81B | -13.66% | 2.23B | -1.58B | 1.33 |
| Q3 FY2008 | 28 Sept 2008 | 3.81B | -13.66% | 2.53B | -1.27B | 0.39 |
| Q2 FY2008 | 29 Jun 2008 | 4.80B | +9.01% | 3.31B | -1.49B | 0.51 |
| Q1 FY2008 | 30 Mar 2008 | 4.91B | +10.97% | 2.95B | -1.96B | 0.52 |
| Q4 FY2007 | 31 Dec 2007 | 4.41B | -0.72% | 2.98B | -1.43B | 0.45 |
| Q3 FY2007 | 30 Sept 2007 | 4.41B | -0.83% | 3.43B | -978.00M | 0.59 |
| Q2 FY2007 | 30 Jun 2007 | 4.41B | -7.94% | 3.34B | -1.07B | 0.62 |
| Q1 FY2007 | 31 Mar 2007 | 4.42B | -11.22% | 3.07B | -1.35B | 0.63 |
| Q4 FY2006 | 31 Dec 2006 | 4.44B | -10.97% | 2.29B | -2.15B | 0.64 |
| Q3 FY2006 | 30 Sept 2006 | 4.44B | -12.55% | 2.68B | -1.76B | 0.55 |
| Q2 FY2006 | 30 Jun 2006 | 4.79B | -5.80% | 3.39B | -1.40B | 0.63 |
| Q1 FY2006 | 31 Mar 2006 | 4.98B | -2.70% | 3.14B | -1.84B | 0.63 |
| Q4 FY2005 | 31 Dec 2005 | 4.99B | -2.60% | 2.67B | -2.31B | 0.63 |
| Q3 FY2005 | 30 Sept 2005 | 5.08B | -16.28% | 3.57B | -1.52B | 0.66 |
| Q2 FY2005 | 30 Jun 2005 | 5.08B | -16.28% | 3.48B | -1.61B | 0.64 |
| Q1 FY2005 | 31 Mar 2005 | 5.12B | -17.34% | 3.13B | -1.99B | 0.69 |
| Q4 FY2004 | 31 Dec 2004 | 5.12B | -17.54% | 1.46B | -3.66B | 0.73 |
| Q3 FY2004 | 30 Sept 2004 | 6.07B | -2.46% | 2.91B | -3.16B | 0.84 |
| Q2 FY2004 | 30 Jun 2004 | 6.07B | -2.71% | 2.24B | -3.83B | 0.86 |
| Q1 FY2004 | 31 Mar 2004 | 6.19B | -9.03% | 2.12B | -4.07B | 0.88 |
| Q4 FY2003 | 31 Dec 2003 | 6.21B | -18.12% | 1.25B | -4.96B | 0.92 |
| Q3 FY2003 | 30 Sept 2003 | 6.22B | -16.54% | 2.08B | -4.14B | 0.99 |
| Q2 FY2003 | 30 Jun 2003 | 6.24B | -16.24% | 2.14B | -4.10B | 1.02 |
| Q1 FY2003 | 31 Mar 2003 | 6.81B | -8.75% | 2.09B | -4.72B | 1.17 |
| Q4 FY2002 | 31 Dec 2002 | 7.58B | +0.95% | 2.74B | -4.84B | 1.29 |
| Q3 FY2002 | 30 Sept 2002 | 7.46B | -3.37% | 3.49B | -3.97B | 0.97 |
| Q2 FY2002 | 30 Jun 2002 | 7.45B | -15.28% | 2.43B | -5.02B | 1.01 |
| Q1 FY2002 | 31 Mar 2002 | 7.46B | -24.86% | 1.37B | -6.09B | 1.09 |
| Q4 FY2001 | 31 Dec 2001 | 7.51B | -24.58% | 912.00M | -6.60B | 1.17 |
| Q3 FY2001 | 30 Sept 2001 | 7.72B | -34.85% | 1.80B | -5.92B | 0.99 |
| Q2 FY2001 | 30 Jun 2001 | 8.79B | -23.29% | 1.22B | -7.57B | 1.19 |
| Q1 FY2001 | 31 Mar 2001 | 9.93B | -15.16% | 2.39B | -7.54B | 1.37 |
| Q4 FY2000 | 31 Dec 2000 | 9.96B | -16.69% | 1.51B | -8.45B | 1.39 |
| Q3 FY2000 | 30 Sept 2000 | 11.84B | -1.57% | 1.94B | -9.91B | 1.67 |
| Q2 FY2000 | 30 Jun 2000 | 11.46B | +3.87% | 1.25B | -10.21B | 1.78 |
| Q1 FY2000 | 31 Mar 2000 | 11.70B | +8.02% | 533.00M | -11.17B | 1.81 |
| Q4 FY1999 | 31 Dec 1999 | 11.95B | +9.81% | 455.00M | -11.50B | 1.88 |
| Q3 FY1999 | 30 Sept 1999 | 12.03B | +0.65% | 0.00 | -12.03B | 1.96 |
| Q2 FY1999 | 30 Jun 1999 | 11.03B | -10.73% | 0.00 | -11.03B | 1.85 |
| Q1 FY1999 | 31 Mar 1999 | 10.84B | -11.27% | 43.00M | -10.79B | 1.79 |
| Q4 FY1998 | 31 Dec 1998 | 10.89B | -8.51% | 285.00M | -10.60B | 1.77 |
| Q3 FY1998 | 30 Sept 1998 | 11.96B | +6.30% | 183.00M | -11.77B | 1.99 |
| Q2 FY1998 | 30 Jun 1998 | 12.36B | +10.84% | 0.00 | -12.36B | 2.15 |
| Q1 FY1998 | 31 Mar 1998 | 12.21B | +8.56% | 0.00 | -12.21B | 2.25 |
| Q4 FY1997 | 31 Dec 1997 | 11.90B | +3.66% | 0.00 | -11.90B | 2.30 |
| Q3 FY1997 | 30 Sept 1997 | 11.25B | -6.58% | 110.00M | -11.14B | 1.47 |
| Q2 FY1997 | 30 Jun 1997 | 11.15B | -12.60% | 0.00 | -11.15B | 1.52 |
| Q1 FY1997 | 31 Mar 1997 | 11.25B | +212.36% | 0.00 | -11.25B | 1.59 |
| Q4 FY1996 | 31 Dec 1996 | 11.48B | +207.56% | 0.00 | -11.48B | 1.67 |
| Q3 FY1996 | 30 Sept 1996 | 12.04B | +233.77% | 323.00M | -11.72B | 1.67 |
| Q2 FY1996 | 30 Jun 1996 | 12.76B | +237.00% | 390.00M | -12.37B | 1.85 |
| Q1 FY1996 | 31 Mar 1996 | 3.60B | -7.12% | 156.00M | -3.45B | 0.54 |
| Q4 FY1995 | 31 Dec 1995 | 3.73B | -3.79% | 653.00M | -3.08B | 0.58 |
| Q3 FY1995 | 30 Sept 1995 | 3.61B | — | 122.00M | -3.49B | 0.58 |
| Q2 FY1995 | 30 Jun 1995 | 3.79B | — | 247.00M | -3.54B | 0.62 |
| Q1 FY1995 | 31 Mar 1995 | 3.88B | — | 513.00M | -3.36B | 0.63 |
| Q4 FY1994 | 31 Dec 1994 | 3.88B | — | 639.00M | -3.24B | 0.64 |
Figures in USD at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Stock buybacks,Balance sheet
Common questions about Lockheed Martin's debt
Source: Financial Modeling PrepVerified against SEC filings