Sign in

Paying users zone. Data is hidden behind hidden .

Get 1-month access to Lockheed Martin Corp. for $17.99, or
get full access to the entire website for at least 3 months from $49.99.

We accept:

This is a one-time payment. There is no automatic renewal.

Lockheed Martin Corp. (LMT)

DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
Quarterly Data

Low level of difficulty

Decomposing ROE involves expressing net income divided by shareholders’ equity as the product of component ratios.

Two-Component Disaggregation of ROE
Three-Component Disaggregation of ROE
Five-Component Disaggregation of ROE
Two-Component Disaggregation of ROA
Four-Component Disaggregation of ROA
Disaggregation of Net Profit Margin

Two-Component Disaggregation of ROE

Lockheed Martin Corp., decomposition of ROE (quarterly data)

	ROE	=	ROA	×	Financial Leverage

Sep 29, 2019		=		×
Jun 30, 2019		=		×
Mar 31, 2019		=		×
Dec 31, 2018		=		×
Sep 30, 2018		=		×
Jun 24, 2018		=		×
Mar 25, 2018		=		×
Dec 31, 2017		=		×
Sep 24, 2017		=		×
Jun 25, 2017		=		×
Mar 26, 2017		=		×
Dec 31, 2016		=		×
Sep 25, 2016		=		×
Jun 26, 2016		=		×
Mar 27, 2016		=		×
Dec 31, 2015		=		×
Sep 27, 2015		=		×
Jun 28, 2015		=		×
Mar 29, 2015		=		×
Dec 31, 2014		=		×
Sep 28, 2014		=		×
Jun 29, 2014		=		×
Mar 30, 2014		=		×

Based on: 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-06), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-22), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22), 10-K (filing date: 2015-02-09), 10-Q (filing date: 2014-10-24), 10-Q (filing date: 2014-07-23), 10-Q (filing date: 2014-04-24).

The primary reason for the decrease in return on equity ratio (ROE) over Q3 2019 is the decrease in financial leverage ratio.

Three-Component Disaggregation of ROE

Lockheed Martin Corp., decomposition of ROE (quarterly data)

	ROE	=	Net Profit Margin	×	Asset Turnover	×	Financial Leverage

Sep 29, 2019		=		×		×
Jun 30, 2019		=		×		×
Mar 31, 2019		=		×		×
Dec 31, 2018		=		×		×
Sep 30, 2018		=		×		×
Jun 24, 2018		=		×		×
Mar 25, 2018		=		×		×
Dec 31, 2017		=		×		×
Sep 24, 2017		=		×		×
Jun 25, 2017		=		×		×
Mar 26, 2017		=		×		×
Dec 31, 2016		=		×		×
Sep 25, 2016		=		×		×
Jun 26, 2016		=		×		×
Mar 27, 2016		=		×		×
Dec 31, 2015		=		×		×
Sep 27, 2015		=		×		×
Jun 28, 2015		=		×		×
Mar 29, 2015		=		×		×
Dec 31, 2014		=		×		×
Sep 28, 2014		=		×		×
Jun 29, 2014		=		×		×
Mar 30, 2014		=		×		×

Based on: 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-06), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-22), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22), 10-K (filing date: 2015-02-09), 10-Q (filing date: 2014-10-24), 10-Q (filing date: 2014-07-23), 10-Q (filing date: 2014-04-24).

The primary reason for the decrease in return on equity ratio (ROE) over Q3 2019 is the decrease in financial leverage ratio.

Five-Component Disaggregation of ROE

Lockheed Martin Corp., decomposition of ROE (quarterly data)

	ROE	=	Tax Burden	×	Interest Burden	×	EBIT Margin	×	Asset Turnover	×	Financial Leverage

Sep 29, 2019		=		×		×		×		×
Jun 30, 2019		=		×		×		×		×
Mar 31, 2019		=		×		×		×		×
Dec 31, 2018		=		×		×		×		×
Sep 30, 2018		=		×		×		×		×
Jun 24, 2018		=		×		×		×		×
Mar 25, 2018		=		×		×		×		×
Dec 31, 2017		=		×		×		×		×
Sep 24, 2017		=		×		×		×		×
Jun 25, 2017		=		×		×		×		×
Mar 26, 2017		=		×		×		×		×
Dec 31, 2016		=		×		×		×		×
Sep 25, 2016		=		×		×		×		×
Jun 26, 2016		=		×		×		×		×
Mar 27, 2016		=		×		×		×		×
Dec 31, 2015		=		×		×		×		×
Sep 27, 2015		=		×		×		×		×
Jun 28, 2015		=		×		×		×		×
Mar 29, 2015		=		×		×		×		×
Dec 31, 2014		=		×		×		×		×
Sep 28, 2014		=		×		×		×		×
Jun 29, 2014		=		×		×		×		×
Mar 30, 2014		=		×		×		×		×

Based on: 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-06), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-22), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22), 10-K (filing date: 2015-02-09), 10-Q (filing date: 2014-10-24), 10-Q (filing date: 2014-07-23), 10-Q (filing date: 2014-04-24).

The primary reason for the decrease in return on equity ratio (ROE) over Q3 2019 is the decrease in financial leverage ratio.

Two-Component Disaggregation of ROA

Lockheed Martin Corp., decomposition of ROA (quarterly data)

	ROA	=	Net Profit Margin	×	Asset Turnover

Sep 29, 2019		=		×
Jun 30, 2019		=		×
Mar 31, 2019		=		×
Dec 31, 2018		=		×
Sep 30, 2018		=		×
Jun 24, 2018		=		×
Mar 25, 2018		=		×
Dec 31, 2017		=		×
Sep 24, 2017		=		×
Jun 25, 2017		=		×
Mar 26, 2017		=		×
Dec 31, 2016		=		×
Sep 25, 2016		=		×
Jun 26, 2016		=		×
Mar 27, 2016		=		×
Dec 31, 2015		=		×
Sep 27, 2015		=		×
Jun 28, 2015		=		×
Mar 29, 2015		=		×
Dec 31, 2014		=		×
Sep 28, 2014		=		×
Jun 29, 2014		=		×
Mar 30, 2014		=		×

Based on: 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-06), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-22), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22), 10-K (filing date: 2015-02-09), 10-Q (filing date: 2014-10-24), 10-Q (filing date: 2014-07-23), 10-Q (filing date: 2014-04-24).

The primary reason for the decrease in return on assets ratio (ROA) over Q3 2019 is the decrease in asset turnover ratio.

Four-Component Disaggregation of ROA

Lockheed Martin Corp., decomposition of ROA (quarterly data)

	ROA	=	Tax Burden	×	Interest Burden	×	EBIT Margin	×	Asset Turnover

Sep 29, 2019		=		×		×		×
Jun 30, 2019		=		×		×		×
Mar 31, 2019		=		×		×		×
Dec 31, 2018		=		×		×		×
Sep 30, 2018		=		×		×		×
Jun 24, 2018		=		×		×		×
Mar 25, 2018		=		×		×		×
Dec 31, 2017		=		×		×		×
Sep 24, 2017		=		×		×		×
Jun 25, 2017		=		×		×		×
Mar 26, 2017		=		×		×		×
Dec 31, 2016		=		×		×		×
Sep 25, 2016		=		×		×		×
Jun 26, 2016		=		×		×		×
Mar 27, 2016		=		×		×		×
Dec 31, 2015		=		×		×		×
Sep 27, 2015		=		×		×		×
Jun 28, 2015		=		×		×		×
Mar 29, 2015		=		×		×		×
Dec 31, 2014		=		×		×		×
Sep 28, 2014		=		×		×		×
Jun 29, 2014		=		×		×		×
Mar 30, 2014		=		×		×		×

Based on: 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-06), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-22), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22), 10-K (filing date: 2015-02-09), 10-Q (filing date: 2014-10-24), 10-Q (filing date: 2014-07-23), 10-Q (filing date: 2014-04-24).

The primary reason for the decrease in return on assets ratio (ROA) over Q3 2019 is the decrease in efficiency measured by asset turnover ratio.

Disaggregation of Net Profit Margin

Lockheed Martin Corp., decomposition of net profit margin ratio (quarterly data)

	Net Profit Margin	=	Tax Burden	×	Interest Burden	×	EBIT Margin

Sep 29, 2019		=		×		×
Jun 30, 2019		=		×		×
Mar 31, 2019		=		×		×
Dec 31, 2018		=		×		×
Sep 30, 2018		=		×		×
Jun 24, 2018		=		×		×
Mar 25, 2018		=		×		×
Dec 31, 2017		=		×		×
Sep 24, 2017		=		×		×
Jun 25, 2017		=		×		×
Mar 26, 2017		=		×		×
Dec 31, 2016		=		×		×
Sep 25, 2016		=		×		×
Jun 26, 2016		=		×		×
Mar 27, 2016		=		×		×
Dec 31, 2015		=		×		×
Sep 27, 2015		=		×		×
Jun 28, 2015		=		×		×
Mar 29, 2015		=		×		×
Dec 31, 2014		=		×		×
Sep 28, 2014		=		×		×
Jun 29, 2014		=		×		×
Mar 30, 2014		=		×		×

Based on: 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-06), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-22), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22), 10-K (filing date: 2015-02-09), 10-Q (filing date: 2014-10-24), 10-Q (filing date: 2014-07-23), 10-Q (filing date: 2014-04-24).

The primary reason for the increase in net profit margin ratio over Q3 2019 is the increase in operating profitability measured by EBIT margin ratio.

	Lockheed Martin Corp.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Analysis of Financial Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis of Components of Financial Statements
Financial Reporting Quality

Price of access to Lockheed Martin Corp.^*

1 month

$17.99

* You can pay in USD, CHF, GBP or EUR.

	All companies
Financial Statements
Common-Size Financial Statements
Analysis of Financial Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis of Components of Financial Statements
Financial Reporting Quality

Prices of access to the entire website^*

3 months

$49.99

6 months

12% off

~~$99.98~~

$87.49

9 months

25% off

~~$149.97~~

$112.49

12 months

37% off

~~$199.96~~

$124.99

* You can pay in USD, CHF, GBP or EUR.