Technology · Aerospace & Defense

Lockheed Martin Corporation

NYSELMT ISINUS5398301094 SEC CIK0000936468 Listed on NYSE · USD

$604.98 -5.07 (-0.83%) Pre-market $613.99 (+0.65%) ≈ ₹56,778 a share

Open chart

Price, last 12 months+33.10% in a year

Key numbers

Market value: $139.75B
P/E (TTM): 21.5
Forward P/E: 19.5
EPS (TTM): $28.15
Dividend yield: 2.38%
Beta: 0.08
Day range: $601.95 – $619.50
52-week range: $437.25 – $692.00
Volume: 221,127
10-day avg volume: $1.59M
Revenue (TTM): $79.12B
EBITDA (TTM): $11.71B
Gross margin: 11.7%
Net margin: 8.2%
Return on equity: 80.2%
Debt / equity: 203.7%
Price / sales: 1.77
Shares out: 231.00M

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Quarterly results

Results for each quarter

Last 12 quarters from 10-Q and 10-K filings with the US SEC. Q4 = full year minus the first three quarters. Hover a bar to see the number.

Revenue and net income

$18.87B$2.29B$1.87B

Dec 23

$17.20B$2.03B$1.55B

Mar 24

$18.12B$2.15B$1.64B

Jun 24

$17.10B$2.14B$1.62B

Sep 24

$18.62B$696.00M$527.00M

Dec 24

$17.96B$2.37B$1.71B

Mar 25

$18.16B$748.00M$342.00M

Jun 25

$18.61B$2.28B$1.62B

Sep 25

$20.32B$2.33B$1.34B

Dec 25

$18.02B$2.06B$1.49B

Mar 26

$20.06B$2.48B$1.84B

Jun 26

$20.71B$2.44B$1.85B

Sep 26

Revenue · QoQ (vs last quarter)

—-8.9%+5.4%-5.6%+8.9%-3.5%+1.1%+2.5%+9.2%-11%+11%+3.2%

Revenue · YoY (vs a year ago)

————-1.3%+4.5%+0.2%+8.8%+9.1%+0.3%+11%+11%

Net income · QoQ (vs last quarter)

—-17%+6.2%-1.1%-68%+225%-80%+373%-17%+11%+23%+0.5%

Net income · YoY (vs a year ago)

————-72%+11%-79%-0.2%+155%-13%+437%+14%

RevenueOperating incomeNet incomeLine = trend

US$	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	$18.87B	$17.20B	$18.12B	$17.10B	$18.62B	$17.96B	$18.16B	$18.61B	$20.32B	$18.02B	$20.06B	$20.71B
Cost of revenue	$16.58B	$15.20B	$15.99B	$14.99B	$17.93B	$15.64B	$17.42B	$16.37B	$18.00B	$15.94B	$17.62B	$18.28B
Gross profit	$2.30B	$1.99B	$2.13B	$2.12B	$690.00M	$2.32B	$734.00M	$2.24B	$2.32B	$2.08B	$2.45B	$2.44B
Gross margin	12.2%	11.6%	11.8%	12.4%	3.7%	12.9%	4.0%	12.0%	11.4%	11.5%	12.2%	11.8%
Operating income	$2.29B	$2.03B	$2.15B	$2.14B	$696.00M	$2.37B	$748.00M	$2.28B	$2.33B	$2.06B	$2.48B	$2.44B
Operating margin	12.1%	11.8%	11.9%	12.5%	3.7%	13.2%	4.1%	12.3%	11.5%	11.4%	12.4%	11.8%
Interest expense	$254.00M	$255.00M	$261.00M	$256.00M	$264.00M	$268.00M	$274.00M	$286.00M	$290.00M	$269.00M	$266.00M	$264.00M
Pre-tax income	$2.15B	$1.84B	$1.95B	$1.92B	$519.00M	$2.04B	$417.00M	$1.94B	$1.53B	$1.77B	$2.18B	$2.17B
Income tax	$279.00M	$290.00M	$307.00M	$295.00M	$-8.00M	$324.00M	$75.00M	$319.00M	$187.00M	$286.00M	$342.00M	$327.00M
Net income	$1.87B	$1.55B	$1.64B	$1.62B	$527.00M	$1.71B	$342.00M	$1.62B	$1.34B	$1.49B	$1.84B	$1.85B
Net margin	9.9%	9.0%	9.1%	9.5%	2.8%	9.5%	1.9%	8.7%	6.6%	8.3%	9.2%	8.9%
EPS (diluted)	—	$6.39	$6.85	$6.80	—	$7.28	$1.46	$6.95	—	$6.44	$7.94	$7.97

Income statement

Results for each year

8 fiscal years from the company's 10-K filings with the US SEC.

Revenue, gross profit and net income

$53.76B$7.27B$5.05B

FY18

$59.81B$8.37B$6.23B

FY19

$65.40B$8.65B$6.83B

FY20

$67.04B$9.06B$6.32B

FY21

$65.98B$8.29B$5.73B

FY22

$67.57B$8.48B$6.92B

FY23

$71.04B$6.93B$5.34B

FY24

$75.05B$7.62B$5.02B

FY25

Revenue · YoY (vs a year ago)

—+11%+9.3%+2.5%-1.6%+2.4%+5.1%+5.6%

Net income · YoY (vs a year ago)

—+23%+9.7%-7.6%-9.2%+21%-23%-6.0%

RevenueGross profitNet incomeLine = trend

$17.59

FY18

$21.95

FY19

$24.30

FY20

$22.76

FY21

$21.66

FY22

$27.55

FY23

$22.31

FY24

$21.49

FY25

EPS (diluted) · YoY (vs a year ago)

—+25%+11%-6.3%-4.8%+27%-19%-3.7%

EPS (diluted)Line = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$53.76B	$59.81B	$65.40B	$67.04B	$65.98B	$67.57B	$71.04B	$75.05B
Revenue growth	—	11.3%	9.3%	2.5%	-1.6%	2.4%	5.1%	5.6%
Cost of revenue	$46.49B	$51.45B	$56.74B	$57.98B	$57.70B	$59.09B	$64.11B	$67.43B
Gross profit	$7.27B	$8.37B	$8.65B	$9.06B	$8.29B	$8.48B	$6.93B	$7.62B
Gross margin	13.5%	14.0%	13.2%	13.5%	12.6%	12.5%	9.8%	10.2%
Research & development	$1.30B	$1.30B	$1.30B	$1.50B	$1.70B	$1.50B	$1.60B	$2.00B
Operating income	$7.33B	$8.55B	$8.64B	$9.12B	$8.35B	$8.51B	$7.01B	$7.73B
Operating margin	13.6%	14.3%	13.2%	13.6%	12.7%	12.6%	9.9%	10.3%
Depreciation & amortisation	$1.16B	$906.00M	$1.02B	$1.36B	$1.40B	$1.43B	$1.56B	$1.69B
Interest expense	$668.00M	$653.00M	$591.00M	$569.00M	$623.00M	$916.00M	$1.04B	$1.12B
Pre-tax income	$5.84B	$7.24B	$8.24B	$7.55B	$6.68B	$8.10B	$6.22B	$5.92B
Income tax	$792.00M	$1.01B	$1.35B	$1.24B	$948.00M	$1.18B	$884.00M	$905.00M
Tax rate	13.6%	14.0%	16.4%	16.4%	14.2%	14.5%	14.2%	15.3%
Net income	$5.05B	$6.23B	$6.83B	$6.32B	$5.73B	$6.92B	$5.34B	$5.02B
Net margin	9.4%	10.4%	10.4%	9.4%	8.7%	10.2%	7.5%	6.7%
EPS (diluted)	$17.59	$21.95	$24.30	$22.76	$21.66	$27.55	$22.31	$21.49

Balance sheet

Assets and debt

At each fiscal year end.

Equity, debt and cash

$1.39B$14.10B$772.00M

FY18

$3.13B$12.65B$1.51B

FY19

$6.02B$12.17B$3.16B

FY20

$10.96B$11.68B$3.60B

FY21

$9.27B$15.55B$2.55B

FY22

$6.84B$17.46B$1.44B

FY23

$6.33B$20.27B$2.48B

FY24

$6.72B$21.70B$4.12B

FY25

Shareholders' equity · YoY (vs a year ago)

—+124%+92%+82%-15%-26%-7.3%+6.1%

Shareholders' equityTotal debtCash + short-term investmentsLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & equivalents	$772.00M	$1.51B	$3.16B	$3.60B	$2.55B	$1.44B	$2.48B	$4.12B
Current assets	$16.10B	$17.10B	$19.38B	$19.82B	$20.99B	$20.52B	$21.85B	$25.36B
Total assets	$44.88B	$47.53B	$50.71B	$50.87B	$52.88B	$52.46B	$55.62B	$59.84B
Current liabilities	$14.40B	$13.97B	$13.93B	$14.00B	$15.89B	$16.94B	$19.42B	$23.34B
Long-term debt	$12.60B	$11.40B	$11.67B	$11.67B	$15.43B	$17.29B	$19.63B	$20.53B
Short-term debt	$1.50B	$1.25B	$500.00M	$6.00M	$118.00M	$168.00M	$643.00M	$1.17B
Total debt	$14.10B	$12.65B	$12.17B	$11.68B	$15.55B	$17.46B	$20.27B	$21.70B
Total liabilities	$43.43B	$44.36B	$44.67B	$39.91B	$43.61B	$45.62B	$49.28B	$53.12B
Shareholders' equity	$1.39B	$3.13B	$6.02B	$10.96B	$9.27B	$6.84B	$6.33B	$6.72B
Current ratio	1.12	1.22	1.39	1.42	1.32	1.21	1.13	1.09
Debt / equity	10.12	4.05	2.02	1.07	1.68	2.55	3.20	3.23
Return on equity	362.0%	199.2%	113.6%	57.6%	61.9%	101.2%	84.3%	74.6%

Cash flow

Cash coming in and going out

Free cash flow = cash from operations minus capital spending. Shareholder returns = dividends + buybacks.

Free cash flow and shareholder returns

$3.14B$1.86B$3.84B

FY18

$7.31B$5.83B$3.76B

FY19

$8.18B$6.42B$3.86B

FY20

$9.22B$7.70B$7.03B

FY21

$7.80B$6.13B$10.92B

FY22

$7.92B$6.23B$9.06B

FY23

$6.97B$5.29B$6.76B

FY24

$8.56B$6.91B$6.13B

FY25

Operating cash flow · YoY (vs a year ago)

—+133%+12%+13%-15%+1.5%-12%+23%

Free cash flow · YoY (vs a year ago)

—+213%+10%+20%-20%+1.6%-15%+31%

Operating cash flowFree cash flowDividends + buybacksLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash from operations	$3.14B	$7.31B	$8.18B	$9.22B	$7.80B	$7.92B	$6.97B	$8.56B
Capital spending	$-1.28B	$-1.48B	$-1.77B	$-1.52B	$-1.67B	$-1.69B	$-1.69B	$-1.65B
Free cash flow	$1.86B	$5.83B	$6.42B	$7.70B	$6.13B	$6.23B	$5.29B	$6.91B
FCF margin	3.5%	9.7%	9.8%	11.5%	9.3%	9.2%	7.4%	9.2%
Stock-based pay	$173.00M	$189.00M	$221.00M	$227.00M	$238.00M	$265.00M	$277.00M	$304.00M
Cash from investing	$-1.08B	$-1.24B	$-2.01B	$-1.16B	$-1.79B	$-1.69B	$-1.79B	$-1.98B
Cash from financing	$-4.15B	$-5.33B	$-4.53B	$-7.62B	$-7.07B	$-7.33B	$-4.14B	$-4.94B
Dividends paid	$-2.35B	$-2.56B	$-2.76B	$-2.94B	$-3.02B	$-3.06B	$-3.06B	$-3.13B
Share buybacks	$-1.49B	$-1.20B	$-1.10B	$-4.09B	$-7.90B	$-6.00B	$-3.70B	$-3.00B

About

About Lockheed Martin Corporation

The Lockheed Martin Corporation is an American defense and aerospace manufacturer. It is headquartered in North Bethesda, Maryland, United States. The company was formed by the merger of the Lockheed Corporation with Martin Marietta on March 15, 1995.

From Wikipedia (CC BY-SA 4.0).

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Company details

Company name: Lockheed Martin Corporation
Ticker: LMT
Exchange: NYSE
ISIN: US5398301094
SEC CIK: 0000936468
Sector: Technology
Industry: Aerospace & Defense
SEC industry (SIC): Guided Missiles & Space Vehicles & Parts (3760)
Incorporated in: Maryland
Financial year ends: 31 December
Filer type: Large accelerated filer
Latest annual report (10-K): 29 Jan 2026
CEO: James D. Taiclet
Chair: James D. Taiclet, Jr.
Headquarters: Bethesda
Address: 6801 Rockledge Dr, Bethesda, Md 20817
Founded: 1995
Employees: 123,000
Formerly known as: Lockheed Martin Corp
Trades in: US dollars (USD)
Website: lockheedmartin.com

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Lockheed Martin Corporation

Key numbers

Quarterly results

Revenue and net income

Income statement

Revenue, gross profit and net income

Balance sheet

Equity, debt and cash

Cash flow

Free cash flow and shareholder returns

About

Company details

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