Lockheed Martin Corporation (LMT)
Return on total capital
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 7,040,000 | 7,256,000 | 8,507,000 | 7,303,000 | 8,119,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 6,721,000 | 6,333,000 | 6,835,000 | 9,266,000 | 10,959,000 |
| Return on total capital | 104.75% | 114.57% | 124.46% | 78.82% | 74.09% |
December 31, 2025 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $7,040,000K ÷ ($—K + $6,721,000K)
= 104.75%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
Lockheed Martin Corporation
LMT
104.75%
GE Aerospace
GE
58.06%
General Dynamics Corporation
GD
21.14%
Hexcel Corporation
HXL
—
L3Harris Technologies Inc
LHX
12.88%
Northrop Grumman Corporation
NOC
34.38%
Raytheon Technologies Corp
RTX
16.19%
Textron Inc
TXT
13.21%
The Boeing Company
BA
99.12%
Transdigm Group Incorporated
TDG
—
Woodward Inc
WWD
22.10%