Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
Paying user area
Try for free
Lockheed Martin Corp. pages available for free this week:
- Balance Sheet: Assets
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Operating Profit Margin since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Lockheed Martin Corp. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Lockheed Martin Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (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 capital structure is characterized by a high proportion of total liabilities relative to equity, with total liabilities consistently representing between 77% and 91% of the total balance sheet. A long-term trend indicates an increasing reliance on debt and current obligations, offset by a significant reduction in long-term pension obligations.
- Long-Term Liability Transformation
- A substantial shift in noncurrent liabilities is evident. Accrued pension liabilities declined sharply from 24.58% in March 2021 to 6.62% by March 2026. Simultaneously, long-term debt (excluding current maturities) increased from 22.66% in March 2021 to 34.66% in March 2026. This suggests a transition in the company's long-term funding strategy, replacing pension-related obligations with traditional debt instruments.
- Current Liability Expansion
- Current liabilities as a percentage of total liabilities and equity have trended upward, rising from 28.61% in March 2021 to 37.29% in March 2026, peaking at 41.37% in June 2025. This growth is driven primarily by increases in contract liabilities, which rose from 14.10% to 18.12%, and accounts payable, which increased from 3.67% to 7.95% over the analyzed period.
- Equity Erosion and Composition
- Total equity has experienced overall volatility and a general downward trajectory, falling from a peak of 23.00% in September 2022 to a low of 9.06% in June 2025, before recovering slightly to 12.64% in March 2026. A primary driver of this decline is the reduction in retained earnings, which dropped from 42.73% in March 2021 to 24.85% in March 2026. This erosion was partially mitigated by an improvement in accumulated other comprehensive loss, which moved from -31.12% in March 2021 to -12.65% in March 2026.
- Short-Term Debt Obligations
- Current maturities of long-term debt remained negligible for several years but showed a marked increase starting in late 2024, peaking at 5.30% in June 2025 before returning to 0.28% by March 2026, indicating periodic spikes in upcoming debt repayments.