Lockheed Martin (LMT) Invested Capital (2009 - 2026)
Lockheed Martin's Invested Capital was $29.31 billion in Q2 2026, up 8.7% from $26.97 billion a year earlier and up 4.0% from the prior quarter.
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Analysis
Lockheed Martin (LMT) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Invested Capital at Lockheed Martin came in at $28.42 billion, up 6.8% from FY2024.
- Invested Capital shows a five-year compound annual growth rate of 9.3% (FY2020 to FY2025).
- In earlier years, Invested Capital was $26.6 billion in FY2024 (+9.5%), $24.29 billion in FY2023 (-2.1%), $24.81 billion in FY2022 (+9.6%) and $22.64 billion in FY2021 (+24.3%).
- The Q2 2026 figure marks the highest quarterly Invested Capital in data going back to Q2 2009.
- Compared with a year earlier, Invested Capital has increased for seven straight quarters, with growth averaging 5.7% over the last eight quarters.
- The best year-over-year quarter for Invested Capital over five years was Q4 2021 (growth of 24.3%); the worst was Q2 2024 (a decline of 5.1%).
- Per Business Quant data, LMT's Invested Capital in the three quarters before Q2 2026 was $28.19 billion (Q1 2026), $28.42 billion (Q4 2025) and $28.37 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 324.20 Bn | 278.20 Bn | 4.68 Bn | 37.02 Bn |
| 2 | Rtx | 249.38 Bn | 222.59 Bn | 5.13 Bn | 105.50 Bn |
| 3 | Boeing | 152.06 Bn | 58.76 Bn | 2.41 Bn | 52.02 Bn |
| 4 | Lockheed Martin | 116.66 Bn | 103.39 Bn | 2.45 Bn | 29.31 Bn |
| 5 | Howmet Aerospace | 91.36 Bn | 86.97 Bn | 951.00 Mn | 10.68 Bn |
| 6 | General Dynamics | 90.03 Bn | 77.14 Bn | 2.18 Bn | 34.34 Bn |
| 7 | Motorola Solutions | 74.17 Bn | 70.53 Bn | 1.68 Bn | 11.72 Bn |
| 8 | Northrop Grumman | 68.46 Bn | 57.71 Bn | 2.12 Bn | 32.31 Bn |
| 9 | Honeywell International | 67.76 Bn | 20.21 Bn | 3.65 Bn | 52.87 Bn |
| 10 | TransDigm | 60.65 Bn | 48.74 Bn | 1.63 Bn | 23.68 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 29.31 Bn |
| Mar 29, 2026 | 28.19 Bn |
| Dec 31, 2025 | 28.42 Bn |
| Sep 28, 2025 | 28.37 Bn |
| Jun 29, 2025 | 26.97 Bn |
| Mar 30, 2025 | 26.99 Bn |
| Dec 31, 2024 | 26.60 Bn |
| Sep 29, 2024 | 26.52 Bn |
| Jun 30, 2024 | 25.43 Bn |
| Mar 31, 2024 | 26.07 Bn |
| Dec 31, 2023 | 24.29 Bn |
| Sep 24, 2023 | 26.66 Bn |
| Jun 25, 2023 | 26.79 Bn |
| Mar 26, 2023 | 25.25 Bn |
| Dec 31, 2022 | 24.81 Bn |
| Sep 25, 2022 | 23.45 Bn |
| Jun 26, 2022 | 23.08 Bn |
| Mar 27, 2022 | 21.65 Bn |
| Dec 31, 2021 | 22.64 Bn |
| Sep 26, 2021 | 21.31 Bn |
API Access
Lockheed Martin Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=LMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "LMT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=LMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();