Stock Analysis on Net

Lockheed Martin Corp. (NYSE:LMT)

Analysis of Long-term (Investment) Activity Ratios
Quarterly Data

Microsoft Excel

Long-term Activity Ratios (Summary)

Lockheed Martin Corp., long-term (investment) activity ratios (quarterly data)

Microsoft Excel
Sep 29, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 24, 2023 Jun 25, 2023 Mar 26, 2023 Dec 31, 2022 Sep 25, 2022 Jun 26, 2022 Mar 27, 2022 Dec 31, 2021 Sep 26, 2021 Jun 27, 2021 Mar 28, 2021 Dec 31, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019
Net fixed asset turnover 8.43 8.47 8.34 8.07 8.41 8.46 8.33 8.27 8.48 8.48 8.70 8.83 9.05 9.17 9.15 9.07 9.44 9.44 9.25 9.07
Total asset turnover 1.28 1.29 1.27 1.29 1.19 1.18 1.21 1.25 1.24 1.24 1.28 1.32 1.28 1.28 1.28 1.29 1.27 1.27 1.24 1.26
Equity turnover 9.90 11.51 10.47 9.89 7.30 7.29 6.86 7.12 5.41 5.61 6.57 6.12 6.89 10.24 10.46 10.87 12.97 16.77 17.74 19.13

Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Lockheed Martin Corp. net fixed asset turnover ratio improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Lockheed Martin Corp. total asset turnover ratio improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Lockheed Martin Corp. equity turnover ratio improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.

Net Fixed Asset Turnover

Lockheed Martin Corp., net fixed asset turnover calculation (quarterly data)

Microsoft Excel
Sep 29, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 24, 2023 Jun 25, 2023 Mar 26, 2023 Dec 31, 2022 Sep 25, 2022 Jun 26, 2022 Mar 27, 2022 Dec 31, 2021 Sep 26, 2021 Jun 27, 2021 Mar 28, 2021 Dec 31, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Net sales 17,104 18,122 17,195 18,874 16,878 16,693 15,126 18,991 16,583 15,446 14,964 17,729 16,028 17,029 16,258 17,032 16,495 16,220 15,651 15,878 15,171 14,427 14,336
Property, plant and equipment, net 8,454 8,394 8,354 8,370 8,046 7,966 7,938 7,975 7,629 7,569 7,561 7,597 7,332 7,290 7,213 7,213 6,803 6,663 6,605 6,591 6,240 6,170 6,140
Long-term Activity Ratio
Net fixed asset turnover1 8.43 8.47 8.34 8.07 8.41 8.46 8.33 8.27 8.48 8.48 8.70 8.83 9.05 9.17 9.15 9.07 9.44 9.44 9.25 9.07
Benchmarks
Net Fixed Asset Turnover, Competitors2
Boeing Co. 6.52 6.70 7.15 7.30 7.23 7.04 6.72 6.31 5.85 5.72 5.68 5.70 5.65 5.44 4.85 4.92 5.08 5.47 5.69 6.12
Caterpillar Inc. 4.85 5.01 5.08 5.04 5.17 5.10 4.91 4.70 4.62 4.36 4.18 3.99 3.84 3.59 3.32 3.15 3.34 3.53 3.84 3.93
Eaton Corp. plc 6.63 6.70 6.65 6.57 6.77 6.75 6.67 6.59 6.80 6.50 6.38 6.41 6.45 6.25 6.08 6.02 6.31 6.61 7.10 6.12
GE Aerospace 7.01 8.23 5.35 5.17 5.50 5.58 5.84 5.08 5.04 4.83 4.73 4.55 4.53 4.45 4.33 1.63 1.72 1.77 1.87 1.89
Honeywell International Inc. 6.50 6.49 6.48 6.48 6.64 6.59 6.57 6.48 6.54 6.45 6.27 6.18 6.28 6.15 5.88 5.86 6.13 6.48 6.96 6.89
RTX Corp. 4.98 4.61 4.54 4.38 4.37 4.61 4.53 4.42 4.50 4.43 4.37 4.30 4.39 4.25 4.10 3.78 4.05 4.35 5.61 6.04

Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Net fixed asset turnover = (Net salesQ3 2024 + Net salesQ2 2024 + Net salesQ1 2024 + Net salesQ4 2023) ÷ Property, plant and equipment, net
= (17,104 + 18,122 + 17,195 + 18,874) ÷ 8,454 = 8.43

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Lockheed Martin Corp. net fixed asset turnover ratio improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024.

Total Asset Turnover

Lockheed Martin Corp., total asset turnover calculation (quarterly data)

Microsoft Excel
Sep 29, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 24, 2023 Jun 25, 2023 Mar 26, 2023 Dec 31, 2022 Sep 25, 2022 Jun 26, 2022 Mar 27, 2022 Dec 31, 2021 Sep 26, 2021 Jun 27, 2021 Mar 28, 2021 Dec 31, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Net sales 17,104 18,122 17,195 18,874 16,878 16,693 15,126 18,991 16,583 15,446 14,964 17,729 16,028 17,029 16,258 17,032 16,495 16,220 15,651 15,878 15,171 14,427 14,336
Total assets 55,520 55,076 54,963 52,456 56,666 56,978 54,622 52,880 52,030 51,758 51,510 50,873 51,843 52,099 51,437 50,710 50,773 49,603 49,248 47,528 49,275 47,840 47,684
Long-term Activity Ratio
Total asset turnover1 1.28 1.29 1.27 1.29 1.19 1.18 1.21 1.25 1.24 1.24 1.28 1.32 1.28 1.28 1.28 1.29 1.27 1.27 1.24 1.26
Benchmarks
Total Asset Turnover, Competitors2
Boeing Co. 0.53 0.52 0.57 0.57 0.56 0.55 0.52 0.49 0.45 0.45 0.45 0.45 0.43 0.41 0.38 0.38 0.38 0.41 0.49 0.57
Caterpillar Inc. 0.72 0.76 0.76 0.73 0.73 0.72 0.70 0.69 0.66 0.63 0.61 0.58 0.57 0.53 0.50 0.50 0.53 0.57 0.63 0.65
Eaton Corp. plc 0.63 0.61 0.61 0.60 0.61 0.60 0.60 0.59 0.59 0.56 0.56 0.58 0.57 0.52 0.52 0.56 0.59 0.63 0.68 0.65
GE Aerospace 0.40 0.47 0.40 0.40 0.43 0.42 0.43 0.39 0.40 0.39 0.37 0.36 0.30 0.30 0.29 0.29 0.30 0.31 0.33 0.33
Honeywell International Inc. 0.52 0.54 0.56 0.60 0.59 0.58 0.60 0.57 0.58 0.55 0.54 0.53 0.54 0.53 0.51 0.51 0.52 0.54 0.63 0.63
RTX Corp. 0.48 0.45 0.44 0.43 0.41 0.44 0.42 0.42 0.42 0.41 0.41 0.40 0.40 0.39 0.38 0.35 0.37 0.40 0.50 0.55

Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Total asset turnover = (Net salesQ3 2024 + Net salesQ2 2024 + Net salesQ1 2024 + Net salesQ4 2023) ÷ Total assets
= (17,104 + 18,122 + 17,195 + 18,874) ÷ 55,520 = 1.28

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Lockheed Martin Corp. total asset turnover ratio improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024.

Equity Turnover

Lockheed Martin Corp., equity turnover calculation (quarterly data)

Microsoft Excel
Sep 29, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 24, 2023 Jun 25, 2023 Mar 26, 2023 Dec 31, 2022 Sep 25, 2022 Jun 26, 2022 Mar 27, 2022 Dec 31, 2021 Sep 26, 2021 Jun 27, 2021 Mar 28, 2021 Dec 31, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Net sales 17,104 18,122 17,195 18,874 16,878 16,693 15,126 18,991 16,583 15,446 14,964 17,729 16,028 17,029 16,258 17,032 16,495 16,220 15,651 15,878 15,171 14,427 14,336
Stockholders’ equity 7,200 6,175 6,650 6,835 9,274 9,240 9,646 9,266 11,966 11,432 10,002 10,959 9,631 6,522 6,312 6,015 4,953 3,751 3,446 3,127 3,893 2,850 2,465
Long-term Activity Ratio
Equity turnover1 9.90 11.51 10.47 9.89 7.30 7.29 6.86 7.12 5.41 5.61 6.57 6.12 6.89 10.24 10.46 10.87 12.97 16.77 17.74 19.13
Benchmarks
Equity Turnover, Competitors2
Boeing Co.
Caterpillar Inc. 3.21 3.68 3.61 3.28 3.10 3.39 3.24 3.57 3.45 3.26 2.92 2.92 2.74 2.57 2.43 2.55 2.73 3.17 3.38 3.48
Eaton Corp. plc 1.29 1.26 1.23 1.22 1.23 1.23 1.23 1.22 1.26 1.21 1.19 1.20 1.22 1.24 1.18 1.20 1.27 1.35 1.47 1.33
GE Aerospace 2.69 3.14 2.21 2.36 2.34 2.21 2.24 2.02 2.29 2.06 1.82 1.76 1.92 2.15 2.10 2.05 2.32 2.40 2.44 3.09
Honeywell International Inc. 2.17 2.20 2.24 2.31 2.11 2.09 2.13 2.12 1.97 1.96 1.87 1.85 1.94 1.89 1.81 1.86 1.84 1.90 2.06 1.98
RTX Corp. 1.29 1.23 1.17 1.15 0.96 0.97 0.94 0.92 0.94 0.93 0.89 0.88 0.89 0.88 0.84 0.78 0.87 0.96 1.78 1.84

Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Equity turnover = (Net salesQ3 2024 + Net salesQ2 2024 + Net salesQ1 2024 + Net salesQ4 2023) ÷ Stockholders’ equity
= (17,104 + 18,122 + 17,195 + 18,874) ÷ 7,200 = 9.90

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Lockheed Martin Corp. equity turnover ratio improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.