Total Asset Turnover
since 2005
Calculation
Lockheed Martin Corp., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2025 | 1.25 | = | 75,048) | ÷ | 59,840) |
| Dec 31, 2024 | 1.28 | = | 71,043) | ÷ | 55,617) |
| Dec 31, 2023 | 1.29 | = | 67,571) | ÷ | 52,456) |
| Dec 31, 2022 | 1.25 | = | 65,984) | ÷ | 52,880) |
| Dec 31, 2021 | 1.32 | = | 67,044) | ÷ | 50,873) |
| Dec 31, 2020 | 1.29 | = | 65,398) | ÷ | 50,710) |
| Dec 31, 2019 | 1.26 | = | 59,812) | ÷ | 47,528) |
| Dec 31, 2018 | 1.20 | = | 53,762) | ÷ | 44,876) |
| Dec 31, 2017 | 1.10 | = | 51,048) | ÷ | 46,521) |
| Dec 31, 2016 | 0.99 | = | 47,248) | ÷ | 47,806) |
| Dec 31, 2015 | 0.94 | = | 46,132) | ÷ | 49,128) |
| Dec 31, 2014 | 1.23 | = | 45,600) | ÷ | 37,073) |
| Dec 31, 2013 | 1.25 | = | 45,358) | ÷ | 36,188) |
| Dec 31, 2012 | 1.22 | = | 47,182) | ÷ | 38,657) |
| Dec 31, 2011 | 1.23 | = | 46,499) | ÷ | 37,908) |
| Dec 31, 2010 | 1.31 | = | 45,803) | ÷ | 35,067) |
| Dec 31, 2009 | 1.29 | = | 45,189) | ÷ | 35,111) |
| Dec 31, 2008 | 1.28 | = | 42,731) | ÷ | 33,439) |
| Dec 31, 2007 | 1.45 | = | 41,862) | ÷ | 28,926) |
| Dec 31, 2006 | 1.40 | = | 39,620) | ÷ | 28,231) |
| Dec 31, 2005 | 1.34 | = | 37,213) | ÷ | 27,744) |
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 total asset turnover ratio for the period examined demonstrates fluctuations, generally remaining within a range of 1.22 to 1.45. An initial upward trend is observed from 2005 through 2007, followed by a period of relative stability and then a decline. More recently, the ratio has shown signs of recovery, though with some volatility.
- Initial Growth (2005-2007)
- From 2005 to 2007, the total asset turnover ratio increased consistently, moving from 1.34 to 1.45. This indicates improving efficiency in utilizing assets to generate sales during this period. The company was generating more sales revenue for each dollar of assets it held.
- Period of Stability and Decline (2007-2011)
- Following the peak in 2007, the ratio experienced a decline, reaching 1.23 in 2011. While there were minor fluctuations, the overall trend suggests a decreased efficiency in asset utilization. The ratio remained relatively stable between 1.22 and 1.31 during this time, indicating a plateau in asset utilization efficiency.
- Subsequent Fluctuations and Recovery (2011-2025)
- From 2011 onwards, the ratio exhibited more pronounced fluctuations. A low of 0.94 was recorded in 2015, representing the least efficient asset utilization within the observed timeframe. The ratio then began to recover, reaching 1.32 in 2021, before decreasing slightly to 1.25 in 2022 and 1.29 in 2023. The most recent value, for 2025, is 1.25, suggesting a stabilization around this level. The recovery from 2015 to 2021 indicates improved asset management practices or a shift in business operations that enhanced sales generation relative to asset levels.
- Long-Term Trend
- Considering the entire period, the ratio demonstrates cyclical behavior. While there is no clear, sustained upward or downward trend, the company’s ability to generate sales from its assets has varied considerably. The recent values suggest a return to levels observed in the earlier part of the period, but continued monitoring is warranted to assess the sustainability of this trend.
The observed changes in the total asset turnover ratio may be attributable to various factors, including shifts in sales strategies, changes in asset composition, and broader economic conditions. Further investigation into these underlying drivers would be necessary to provide a more comprehensive understanding of the observed patterns.
Comparison to Competitors
Lockheed Martin Corp., total asset turnover, long-term trends, comparison to competitors
| Lockheed Martin Corp. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | RTX Corp. | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | 1.25 | 0.53 | — | — | 0.33 | — | — |
| Dec 31, 2024 | 1.28 | 0.43 | 0.70 | 0.65 | 0.29 | 0.51 | 0.50 |
| Dec 31, 2023 | 1.29 | 0.57 | 0.73 | 0.60 | 0.40 | 0.60 | 0.43 |
| Dec 31, 2022 | 1.25 | 0.49 | 0.69 | 0.59 | 0.39 | 0.57 | 0.42 |
| Dec 31, 2021 | 1.32 | 0.45 | 0.58 | 0.58 | 0.36 | 0.53 | 0.40 |
| Dec 31, 2020 | 1.29 | 0.38 | 0.50 | 0.56 | 0.29 | 0.51 | 0.35 |
| Dec 31, 2019 | 1.26 | 0.57 | 0.65 | 0.65 | 0.33 | 0.63 | 0.55 |
| Dec 31, 2018 | 1.20 | 0.86 | 0.66 | 0.70 | 0.37 | 0.72 | 0.50 |
| Dec 31, 2017 | 1.10 | 1.01 | 0.55 | 0.63 | 0.30 | 0.68 | 0.62 |
| Dec 31, 2016 | 0.99 | 1.05 | 0.48 | 0.65 | 0.30 | 0.73 | 0.64 |
| Dec 31, 2015 | 0.94 | 1.02 | 0.56 | 0.67 | 0.21 | 0.78 | 0.64 |
| Dec 31, 2014 | 1.23 | 0.91 | 0.62 | 0.67 | 0.16 | 0.89 | 0.71 |
| Dec 31, 2013 | 1.25 | 0.93 | 0.62 | 0.62 | 0.15 | 0.86 | 0.69 |
| Dec 31, 2012 | 1.22 | 0.92 | 0.71 | 0.46 | 0.15 | 0.90 | 0.65 |
| Dec 31, 2011 | 1.23 | 0.86 | 0.70 | 0.90 | 0.13 | 0.92 | 0.95 |
| Dec 31, 2010 | 1.31 | 0.94 | 0.62 | 0.79 | 0.13 | 0.88 | 0.93 |
| Dec 31, 2009 | 1.29 | 1.10 | 0.49 | 0.73 | 0.13 | 0.86 | 0.94 |
| Dec 31, 2008 | 1.28 | 1.13 | 0.71 | 0.92 | 0.14 | 1.03 | 1.03 |
| Dec 31, 2007 | 1.45 | 1.13 | 0.75 | 0.97 | 0.13 | 1.02 | 0.99 |
| Dec 31, 2006 | 1.40 | 1.19 | 0.76 | 1.08 | 0.14 | 1.01 | 1.00 |
| Dec 31, 2005 | 1.34 | 0.91 | 0.72 | 1.09 | 0.14 | 0.86 | 0.92 |
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., total asset turnover, long-term trends, comparison to sector (capital goods)
| Lockheed Martin Corp. | Capital Goods | |
|---|---|---|
| Dec 31, 2025 | 1.25 | — |
| Dec 31, 2024 | 1.28 | 0.54 |
| Dec 31, 2023 | 1.29 | 0.57 |
| Dec 31, 2022 | 1.25 | 0.54 |
| Dec 31, 2021 | 1.32 | 0.50 |
| Dec 31, 2020 | 1.29 | 0.43 |
| Dec 31, 2019 | 1.26 | 0.54 |
| Dec 31, 2018 | 1.20 | 0.58 |
| Dec 31, 2017 | 1.10 | 0.54 |
| Dec 31, 2016 | 0.99 | 0.54 |
| Dec 31, 2015 | 0.94 | 0.46 |
| Dec 31, 2014 | 1.23 | 0.41 |
| Dec 31, 2013 | 1.25 | 0.39 |
| Dec 31, 2012 | 1.22 | 0.38 |
| Dec 31, 2011 | 1.23 | 0.36 |
| Dec 31, 2010 | 1.31 | 0.34 |
| Dec 31, 2009 | 1.29 | 0.33 |
| Dec 31, 2008 | 1.28 | 0.35 |
| Dec 31, 2007 | 1.45 | 0.34 |
| Dec 31, 2006 | 1.40 | 0.36 |
| Dec 31, 2005 | 1.34 | 0.33 |
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., total asset turnover, long-term trends, comparison to industry (industrials)
| Lockheed Martin Corp. | Industrials | |
|---|---|---|
| Dec 31, 2025 | 1.25 | — |
| Dec 31, 2024 | 1.28 | 0.65 |
| Dec 31, 2023 | 1.29 | 0.67 |
| Dec 31, 2022 | 1.25 | 0.66 |
| Dec 31, 2021 | 1.32 | 0.58 |
| Dec 31, 2020 | 1.29 | 0.50 |
| Dec 31, 2019 | 1.26 | 0.62 |
| Dec 31, 2018 | 1.20 | 0.67 |
| Dec 31, 2017 | 1.10 | 0.62 |
| Dec 31, 2016 | 0.99 | 0.61 |
| Dec 31, 2015 | 0.94 | 0.54 |
| Dec 31, 2014 | 1.23 | 0.49 |
| Dec 31, 2013 | 1.25 | 0.47 |
| Dec 31, 2012 | 1.22 | 0.46 |
| Dec 31, 2011 | 1.23 | 0.45 |
| Dec 31, 2010 | 1.31 | 0.41 |
| Dec 31, 2009 | 1.29 | 0.39 |
| Dec 31, 2008 | 1.28 | 0.43 |
| Dec 31, 2007 | 1.45 | 0.41 |
| Dec 31, 2006 | 1.40 | 0.43 |
| Dec 31, 2005 | 1.34 | 0.40 |
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).