Common-Size Balance Sheet: Assets
Quarterly Data
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- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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Lockheed Martin Corp., common-size consolidated balance sheet: assets (quarterly data)
Based on: 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 of the organization demonstrates a gradual shift in weighting from noncurrent to current assets over the analyzed period. While total current assets have remained relatively stable, fluctuating between 38.95% and 43.03%, there is a notable increase in the concentration of contract assets and a corresponding decline in intangible assets and goodwill.
- Current Asset Dynamics
- Contract assets represent the most significant component of current assets, exhibiting a general upward trend from 21.21% in March 2021 to a peak of 26.82% by March 2026. This indicates an increasing proportion of revenue recognized that has not yet been billed. In contrast, cash and cash equivalents show high volatility, peaking at 7.08% in December 2021 and reaching a low of 2.20% in June 2025, suggesting cyclical fluctuations in liquidity management. Inventories remained largely stable, averaging approximately 6% of total assets, although a sharp increase to 7.18% is observed in the final quarter of the series.
- Noncurrent Asset Trends
- A consistent downward trend is evident in intangible assets, which declined from 5.70% in March 2021 to 3.10% in March 2026, likely reflecting steady amortization. Goodwill followed a similar, albeit more gradual, trajectory, decreasing from roughly 21% to 19% of total assets. Property, plant, and equipment remained stable around 14-15% for most of the period before experiencing a significant increase to 19.05% in March 2026, suggesting a substantial investment in fixed assets toward the end of the period.
- Tax and Other Asset Components
- Deferred income taxes exhibit significant volatility, ranging from a low of 4.50% in December 2021 to a high of 8.60% in September 2023. Other noncurrent assets generally fluctuated between 12% and 15%, ending the period at a lower relative weight of 11.70%.
Overall, the balance sheet reflects a transition toward a more current-asset-heavy structure, driven primarily by the growth of contract assets. This transition is balanced by the systematic reduction of intangible assets and goodwill, alongside a late-stage expansion in property, plant, and equipment.