Lockheed Martin Corporation (LMT)
Return on total capital
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 7,040,000 | 6,002,000 | 5,952,000 | 7,470,000 | 7,256,000 | 8,872,000 | 8,888,000 | 8,908,000 | 8,904,000 | 8,897,000 | 8,951,000 | 7,193,000 | 7,303,000 | 7,547,000 | 6,123,000 | 7,964,000 | 8,119,000 | 7,819,000 | 9,200,000 | 8,999,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 6,721,000 | 6,181,000 | 5,334,000 | 6,683,000 | 6,333,000 | 7,200,000 | 6,175,000 | 6,650,000 | 6,835,000 | 9,274,000 | 9,240,000 | 9,646,000 | 9,266,000 | 11,966,000 | 11,432,000 | 10,002,000 | 10,959,000 | 9,631,000 | 6,522,000 | 6,312,000 |
| Return on total capital | 104.75% | 97.10% | 111.59% | 111.78% | 114.57% | 123.22% | 143.94% | 133.95% | 130.27% | 95.93% | 96.87% | 74.57% | 78.82% | 63.07% | 53.56% | 79.62% | 74.09% | 81.19% | 141.06% | 142.57% |
December 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (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
7.63%
L3Harris Technologies Inc
LHX
12.88%
Northrop Grumman Corporation
NOC
34.38%
Raytheon Technologies Corp
RTX
16.24%
Textron Inc
TXT
14.03%
The Boeing Company
BA
99.12%
Transdigm Group Incorporated
TDG
—
Woodward Inc
WWD
22.10%