• Lockheed Martin average return on tangible equity for 2023 was -194.12, a 0.73% decline from 2022.
• Lockheed Martin average return on tangible equity for 2022 was -192.71, a 99% increase from 2021.
• Lockheed Martin average return on tangible equity for 2021 was -96.84, a 46.88% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.