Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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Lockheed Martin Corp. pages available for free this week:
- Common-Size Income Statement
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Total Asset Turnover since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
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Lockheed Martin Corp., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 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).
Total assets exhibit a consistent long-term growth trajectory, increasing from 51,437 million USD in March 2021 to 62,450 million USD by June 2026. This expansion is driven primarily by growth in current assets and targeted increases in long-term infrastructure investments.
- Current Asset Dynamics
- Current assets grew from 20,252 million USD to 28,401 million USD over the analyzed period. The most significant contributor to this growth is the increase in contract assets, which rose from 10,908 million USD in March 2021 to 16,038 million USD in June 2026, suggesting a substantial increase in work performed but not yet billed. Cash and cash equivalents demonstrate high volatility, fluctuating between a low of 1,293 million USD in June 2025 and a peak of 4,121 million USD in December 2025. Inventories remained relatively stable for several years before showing a marked upward trend starting in late 2025, reaching 4,411 million USD by June 2026.
- Noncurrent Asset Trends
- Noncurrent assets experienced a moderate overall increase, moving from 31,185 million USD to 34,049 million USD. A notable trend is observed in property, plant, and equipment (net), which grew steadily from 7,213 million USD to 11,390 million USD, with a sharp acceleration occurring between December 2025 and March 2026. Goodwill remained largely stagnant, fluctuating slightly around the 10,800 million USD to 11,300 million USD range. Conversely, intangible assets showed a consistent and linear decline from 2,930 million USD to 1,787 million USD, consistent with regular amortization schedules.
- Tax and Other Asset Observations
- Deferred income taxes displayed significant volatility, peaking at 4,873 million USD in September 2023 before trending downward to 2,414 million USD by June 2026. Other noncurrent assets remained relatively stable for most of the period but saw a temporary dip in early 2026, coinciding with the sharp increase in property, plant, and equipment.
The overall balance sheet structure indicates a shift toward higher operational investment, characterized by the growth in contract assets and fixed assets, while the company maintains a flexible but volatile cash position.