Stock Analysis on Net
Stock Analysis on Net

Lockheed Martin Corp. (NYSE:LMT)

$24.99

Current Ratio
since 2005

Microsoft Excel

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Calculation

Lockheed Martin Corp., current ratio, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

The current ratio for the period examined demonstrates fluctuations while generally indicating a healthy short-term liquidity position. The ratio, calculated from current assets and current liabilities, exhibits a pattern of initial decline, followed by periods of improvement and subsequent stabilization. A detailed examination reveals specific trends and noteworthy observations.

Overall Trend
From 2005 to 2025, the current ratio generally remained above 1.0, suggesting the entity consistently possessed more current assets than current liabilities. This indicates an ability to cover short-term obligations with available current assets. However, the ratio is not consistently increasing; instead, it fluctuates within a range.
Initial Phase (2005-2008)
The current ratio began at 1.12 in 2005, decreased to 1.06 in 2006, experienced a slight recovery to 1.11 in 2007, and then declined to 1.01 in 2008. This initial period shows a downward trend, potentially indicating increasing current liabilities relative to current assets, or a more aggressive use of current assets for operations.
Improvement and Stabilization (2009-2014)
From 2009 to 2014, the current ratio showed improvement, rising from 1.17 to 1.20, then fluctuating around 1.15 and 1.11. This suggests a strengthening of the short-term financial position, possibly due to increased current asset levels or decreased current liabilities. The ratio remained relatively stable during this period.
Recent Fluctuations (2015-2025)
The period from 2015 to 2025 demonstrates more pronounced fluctuations. The ratio increased significantly to 1.38 in 2017, followed by a decrease to 1.12 in 2018. It then rose again to 1.42 in 2021 before declining to 1.09 in 2025. This recent volatility could be attributed to changes in working capital management, shifts in payment terms with suppliers, or variations in short-term financing strategies. The most recent value of 1.09 suggests a slight weakening in the short-term liquidity position compared to the peak in 2021, but still remains above 1.0.

In conclusion, while the current ratio generally indicates a satisfactory level of liquidity, the observed fluctuations warrant continued monitoring. The recent downward trend from 2021 to 2025 should be investigated further to determine the underlying causes and potential implications for the entity’s short-term financial health.

Comparison to Competitors

Lockheed Martin Corp., current ratio, long-term trends, comparison to competitors

Microsoft Excel
Lockheed Martin Corp. Boeing Co. Caterpillar Inc. Eaton Corp. plc GE Aerospace Honeywell International Inc. RTX Corp.
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
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Dec 31, 2014
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Dec 31, 2012
Dec 31, 2011
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Dec 31, 2005

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Capital Goods)

Lockheed Martin Corp., current ratio, long-term trends, comparison to sector (capital goods)

Microsoft Excel
Lockheed Martin Corp. Capital Goods
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
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Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Industrials)

Lockheed Martin Corp., current ratio, long-term trends, comparison to industry (industrials)

Microsoft Excel
Lockheed Martin Corp. Industrials
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
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Dec 31, 2019
Dec 31, 2018
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Dec 31, 2013
Dec 31, 2012
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Dec 31, 2010
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Dec 31, 2007
Dec 31, 2006
Dec 31, 2005

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).