Common-Size Balance Sheet: Assets
Quarterly Data
Lockheed Martin Corp., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2026-09-27), 10-Q (reporting date: 2026-06-28), 10-Q (reporting date: 2026-03-29), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-28), 10-Q (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-24), 10-Q (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-25), 10-Q (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-26), 10-Q (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28).
The asset composition exhibits a progressive shift toward higher liquidity and a reduction in the relative weight of long-term assets over the analyzed period.
- Current Asset Trends
- Current assets increased from 39.37% of total assets in March 2021 to 48.06% by September 2026. This growth is primarily driven by contract assets, which rose from 21.21% to 26.20%, suggesting an increase in unbilled receivables relative to the total balance sheet. Cash and cash equivalents remained volatile, fluctuating between a low of 2.20% in June 2025 and a peak of 9.24% in September 2026. Inventories and net receivables remained relatively stable, with inventories generally oscillating between 5.6% and 7.2%.
- Noncurrent Asset Evolution
- Noncurrent assets experienced a steady decline, moving from 60.63% in March 2021 to 51.94% by September 2026. A significant portion of this decrease is attributed to the erosion of intangible assets, which fell from 5.70% to 2.69%, and a gradual reduction in goodwill from 20.99% to 17.52%. However, property, plant, and equipment showed a distinct upward trend in the latter part of the period, rising from historical averages of approximately 14-15% to a peak of 19.05% in March 2026.
- Tax and Miscellaneous Assets
- Deferred income taxes showed a marked downward trend, decreasing from 6.56% to 2.82% over the observed timeframe. Other noncurrent assets remained relatively consistent for the majority of the period before contracting to 11.05% by the final quarter of 2026.
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