LMT · Lockheed Martin Corp

$580.00 -2.67 (-0.46%) At close · Jul 27

Market Cap

$133.86B

230.79M

Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.

Revenue

$75.05B +5.6%

FY2025

Net Income

$5.02B -6%

FY2025

Gross Margin

10.15% +0.4pp

FY2025

Operating Margin

10.3% +0.4pp

FY2025

Diluted EPS

$21.49 -3.7%

FY2025

Operating Cash Flow

$8.56B +22.7%

FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow Adjusted All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	FY2026 (G)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007
Revenue	+4.4%	+2.8%	+6.4%	$79.75B – $81.75B	$77.01B	$75.05B	$71.04B	$67.57B	$65.98B	$67.04B	$65.4B	$59.81B	$53.76B	$49.96B	$47.29B	$40.54B	$39.95B	$45.36B	$47.18B	$46.5B	$45.67B	$43.87B	$41.37B	$41.86B
Cost of Revenue	+5.3%	+3.5%	+6.5%	—	$67.93B	$67.43B	$64.11B	$59.09B	$57.7B	$57.98B	$56.74B	$51.45B	$46.49B	$43.59B	$41.89B	$36.04B	$35.26B	$41.17B	$42.99B	$42.76B	$41.83B	$39.72B	$36.8B	$37.63B
Gross Profit	-2.8%	-2.5%	+5.4%	—	$9.09B	$7.62B	$6.93B	$8.48B	$8.29B	$9.06B	$8.65B	$8.37B	$7.27B	$6.37B	$5.4B	$4.49B	$4.68B	$4.19B	$4.2B	$3.74B	$3.84B	$4.15B	$4.57B	$4.23B
Gross Margin	—	—	—	—	—	10.15%	9.75%	12.55%	12.56%	13.52%	13.23%	13.99%	13.53%	12.75%	11.42%	11.08%	11.72%	9.23%	8.89%	8.05%	8.42%	9.45%	11.06%	10.11%
Research & Development	+5.6%	+9.0%	+9.4%	—	—	$2B	$1.6B	$1.5B	$1.7B	$1.5B	$1.3B	$1.3B	$1.3B	$1.2B	$988M	$817M	$733M	$697M	$616M	$585M	$639M	$717M	$698M	—
Amortization of Intangibles	+0.8%	-1.3%	+14.1%	—	—	$254M	$254M	$247M	$248M	$285M	$271M	$284M	$296M	$312M	$284M	$68M	$20M	$48M	—	—	$92M	$104M	$118M	$153M
Depreciation & Amortization	+6.3%	+10.6%	+6.0%	—	—	$1.69B	$1.56B	$1.43B	$1.4B	$1.36B	$1.02B	$906M	$1.16B	$1.2B	$1.17B	$945M	$927M	$990M	$988M	$1.01B	$1.05B	$1.01B	—	—
Restructuring Charges	—	—	—	—	—	—	—	—	—	—	—	$0	$96M	$0	—	—	—	—	—	—	—	—	—	—
Operating Income	-2.5%	-2.2%	+5.1%	—	$9.15B	$7.73B	$7.01B	$8.51B	$8.35B	$9.12B	$8.64B	$8.55B	$7.33B	$6.74B	$5.89B	$4.71B	$5.01B	$4.51B	$4.43B	$4.02B	$4.11B	$4.37B	$5.05B	$4.53B
Operating Margin	—	—	—	—	—	10.3%	9.87%	12.59%	12.65%	13.61%	13.22%	14.29%	13.64%	13.5%	12.45%	11.62%	12.55%	9.93%	9.4%	8.65%	8.99%	9.96%	12.2%	10.81%
EBITDA	-1.2%	-0.5%	+5.2%	—	—	$9.42B	$8.57B	$9.94B	$9.75B	$10.49B	$9.66B	$9.45B	$8.5B	$7.94B	$7.06B	$5.66B	$5.94B	$5.5B	$5.42B	$5.03B	$5.16B	$5.38B	—	—
Interest Expense	+21.5%	+13.6%	+9.7%	—	$1.11B	$1.12B	$1.04B	$916M	$623M	$569M	$591M	$653M	$668M	$651M	$663M	$443M	$340M	$350M	$383M	$354M	$345M	$308M	$332M	$352M
Other Non-Operating Income	—	—	+19.8%	—	$216M	$183M	$181M	$64M	-$74M	$288M	-$37M	-$74M	-$828M	-$847M	-$471M	$30M	$5M	—	$21M	-$35M	$18M	$123M	-$91M	$193M
Gain on Sales of Real Estate	—	—	—	—	—	—	—	—	—	$0	$0	$51M	$0	$198M	$0	$0	—	—	—	—	—	—	—	—
Equity in Earnings of Unconsolidated Entities	-37.4%	-29.7%	-21.6%	—	—	$28M	$56M	$40M	$114M	$97M	$163M	$154M	$119M	$207M	$443M	$320M	$327M	$321M	$277M	$332M	$312M	$278M	$288M	—
Pretax Income	-3.9%	-6.4%	+3.3%	—	$7.42B	$5.92B	$6.22B	$8.1B	$6.68B	$7.55B	$8.24B	$7.24B	$5.84B	$5.25B	$4.75B	$4.3B	$4.68B	$4.16B	$4.07B	$3.63B	$3.78B	$4.18B	—	—
Income Tax	-1.5%	-7.6%	-2.6%	—	$1.13B	$905M	$884M	$1.18B	$948M	$1.24B	$1.35B	$1.01B	$792M	$3.36B	$1.09B	$1.17B	$1.42B	$1.21B	$1.33B	$964M	$1.16B	$1.22B	$1.46B	$1.34B
Net Income	-4.3%	-6.0%	+3.4%	—	$6.29B	$5.02B	$5.34B	$6.92B	$5.73B	$6.32B	$6.83B	$6.23B	$5.05B	$1.96B	$5.17B	$3.61B	$3.61B	$2.98B	$2.75B	$2.66B	$2.88B	$2.97B	$3.22B	$3.03B
Net Margin	—	—	—	—	—	6.69%	7.51%	10.24%	8.69%	9.42%	10.45%	10.42%	9.39%	3.93%	10.94%	8.89%	9.05%	6.57%	5.82%	5.71%	6.3%	6.78%	7.78%	7.25%
Comprehensive Income	-12.1%	-1.1%	+3.9%	—	$6.98B	$5.93B	$5.69B	$6.14B	$8.72B	$11.43B	$6.27B	$5B	$5.67B	$1.53B	$4.52B	$4.03B	$1.35B	$6.87B	$509M	$408M	$2.46B	—	—	—
EPS (Basic) USD/shares	-0.3%	-2.4%	+6.4%	—	—	$21.56	$22.39	$27.65	$21.74	$22.85	$24.40	$22.09	$17.74	$6.82	$17.28	$11.62	$11.41	$9.29	$8.48	$7.90	$7.90	$7.73	$8.05	$7.29
EPS (Diluted) USD/shares	-0.3%	-2.4%	+6.5%	$29.95 – $30.65	—	$21.49	$22.31	$27.55	$21.66	$22.76	$24.30	$21.95	$17.59	$6.75	$17.07	$11.46	$11.21	$9.13	$8.36	$7.81	$7.81	$7.64	$7.86	$7.10
Shares Outstanding (Basic Avg) shares	-4.1%	-3.6%	-2.8%	—	—	232.7M	238.3M	250.3M	263.7M	276.4M	280M	282M	284.5M	287.8M	299.3M	310.3M	316.8M	320.9M	323.7M	335.9M	364.2M	384.8M	399.7M	—
Shares Outstanding (Diluted Avg) shares	-4.1%	-3.6%	-2.9%	—	—	233.5M	239.2M	251.2M	264.6M	277.4M	281.2M	283.8M	286.8M	290.6M	303.1M	314.7M	322.4M	326.5M	328.4M	339.9M	368.3M	388.9M	409.4M	—

Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2007–FY2025: $52.09B in buybacks, $37.99B in dividends.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue

1.96×

Peer median 6.26×

EV/EBIT

16.45×

Peer median 42.32×

P/E (TTM)

21.38×

Peer median 44.93×

Peer medians compare against the 19 similar-size Aerospace & Defense companies (of 78 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Aeronautics	$30,257,000,000	$28,618,000,000	$27,474,000,000	$26,987,000,000	$26,748,000,000	$26,266,000,000	$23,693,000,000	$21,242,000,000
Rotary and Mission Systems	$17,312,000,000	$17,264,000,000	$16,239,000,000	$16,148,000,000	$16,789,000,000	$15,995,000,000	$15,128,000,000	$14,250,000,000
Missiles and Fire Control	$14,450,000,000	$12,682,000,000	$11,253,000,000	$11,317,000,000	$11,693,000,000	$11,257,000,000	$10,131,000,000	$8,462,000,000
Space	$13,029,000,000	$12,479,000,000	$12,605,000,000	$11,532,000,000	$11,814,000,000	$11,880,000,000	$10,860,000,000	$9,808,000,000

By Geography (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
United States	$53,705,000,000	$52,528,000,000	$49,927,000,000	$49,053,000,000	$48,605,000,000	$49,012,000,000	$43,281,000,000	$38,606,000,000
Europe	$8,805,000,000	$7,716,000,000	$7,011,000,000	$6,267,000,000	$6,760,000,000	$6,334,000,000	$5,928,000,000	$5,403,000,000
Asia Pacific	$7,815,000,000	$6,241,000,000	$5,851,000,000	$5,479,000,000	$6,108,000,000	$5,176,000,000	$5,826,000,000	$5,280,000,000
Middle East	$2,864,000,000	$3,075,000,000	$3,554,000,000	$3,796,000,000	$4,253,000,000	$3,940,000,000	$3,944,000,000	$3,602,000,000
Other Region	$1,859,000,000	$1,483,000,000	$1,228,000,000	$1,389,000,000	$1,318,000,000	$936,000,000	$833,000,000	$871,000,000

By Product & Service (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Product	$62,654,000,000	$59,277,000,000	$56,265,000,000	$55,466,000,000	$56,435,000,000	$54,928,000,000	$50,053,000,000	$45,005,000,000
Service	$12,394,000,000	$11,766,000,000	$11,306,000,000	$10,518,000,000	$10,609,000,000	$10,470,000,000	$9,759,000,000	$8,757,000,000

Segment Operating Income

Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.

By Segment (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Aeronautics	$2,086,000,000	$2,523,000,000	$2,825,000,000	$2,867,000,000	$2,800,000,000	$2,843,000,000	$2,521,000,000	$2,272,000,000
Missiles and Fire Control	$1,989,000,000	$413,000,000	$1,541,000,000	$1,637,000,000	$1,650,000,000	$1,545,000,000	$1,441,000,000	$1,248,000,000
Space	$1,345,000,000	$1,226,000,000	$1,158,000,000	$1,057,000,000	$1,184,000,000	$1,149,000,000	$1,191,000,000	$1,055,000,000
Rotary and Mission Systems	$1,323,000,000	$1,921,000,000	$1,865,000,000	$1,906,000,000	$2,030,000,000	$1,615,000,000	$1,421,000,000	$1,302,000,000

Operating Margin by Segment (%)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Aeronautics	6.9%	8.8%	10.3%	10.6%	10.5%	10.8%	10.6%	10.7%
Rotary and Mission Systems	7.6%	11.1%	11.5%	11.8%	12.1%	10.1%	9.4%	9.1%
Missiles and Fire Control	13.8%	3.3%	13.7%	14.5%	14.1%	13.7%	14.2%	14.7%
Space	10.3%	9.8%	9.2%	9.2%	10%	9.7%	11%	10.8%

Key facts CIK 936468 CUSIP 539830109 13F (30d) 1039 filings 1001 filers Visit website Investor relations