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Apr 23, 2026·SEC
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Lockheed Martin Corporation(LMT)Earnings, Financials & Key Ratios
LMT•NYSE
23.8× P/E·Price updated Jun 19, 2026
AboutLockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The Missiles and Fire Control segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; manned and unmanned ground vehicles; and energy management solutions. The Rotary and Mission Systems segment offers military and commercial helicopters, surface ships, sea and land-based missile defense systems, radar systems, sea and air-based mission and combat systems, command and control mission solutions, cyber solutions, and simulation and training solutions. The Space segment offers satellites; space transportation systems; strategic, advanced strike, and defensive missile systems; and classified systems and services in support of national security systems. This segment also provides network-enabled situational awareness and integrates space and ground-based systems to help its customers gather, analyze, and securely distribute critical intelligence data. It serves primarily serves the U.S. government, as well as foreign military sales contracted through the U.S. government. Lockheed Martin Corporation was founded in 1912 and is headquartered in Bethesda, Maryland.Show more
- Revenue$75.06B+5.7%
- EBITDA$8.45B-1.5%
- Net Income$5.02B-6.0%
- EPS (Diluted)21.49-3.7%
- Gross Margin10.15%+4.1%
- EBITDA Margin11.25%-6.8%
- Operating Margin10.3%+4.3%
- Net Margin6.68%-11.0%
- ROE76.87%-5.2%
LMT Key Insights
Lockheed Martin Corporation (LMT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 81.3%
- ✓23 consecutive years of dividend growth
- ✓High quality earnings: Operating CF exceeds net income
- ✓Healthy dividend yield of 2.6%
- ✓Share count reduced 3.1% through buybacks
- ✓Efficient asset utilization: 1.3x turnover
✗Weaknesses
- ✗High debt to equity ratio of 3.2x
- ✗Expensive at 17.6x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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LMT Price & Volume
Lockheed Martin Corporation (LMT) stock price & volume — 10-year historical chart
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LMT Growth Metrics
Lockheed Martin Corporation (LMT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years6.35%
5 Years2.79%
3 Years4.39%
TTM4.6%
Profit CAGR
10 Years3.36%
5 Years-5.99%
3 Years-4.34%
TTM-12.9%
EPS CAGR
10 Years6.49%
5 Years-2.43%
3 Years-0.26%
TTM-10.8%
Return on Capital
10 Years22.2%
5 Years22.33%
3 Years21.43%
Last Year21.27%
LMT Recent Earnings
Lockheed Martin Corporation (LMT) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 23, 2026Metric
Actual
Est
EPS
$6.44-4.5%
$6.74
Rev
$18.0B-1.1%
$18.2B
Q1 2026
Jan 29, 2026Metric
Actual
Est
EPS
$5.80-18.0%
$7.07
Rev
$20.3B+8.6%
$18.7B
Q4 2025
Oct 21, 2025Metric
Actual
Est
EPS
$6.95+8.9%
$6.38
Rev
$18.6B+0.3%
$18.6B
Q3 2025
Jul 22, 2025Metric
Actual
Est
EPS
$7.29+11.8%
$6.52
Rev
$18.2B-2.2%
$18.6B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $6.44vs $6.74-4.5% | $18.0Bvs $18.2B-1.1% |
| Q1 2026 | Jan 29, 2026 | $5.80vs $7.07-18.0% | $20.3Bvs $18.7B+8.6% |
| Q4 2025 | Oct 21, 2025 | $6.95vs $6.38+8.9% | $18.6Bvs $18.6B+0.3% |
| Q3 2025 | Jul 22, 2025 | $7.29vs $6.52+11.8% | $18.2Bvs $18.6B-2.2% |
Based on last 12 quarters of dataView full earnings history →
LMT Peer Comparison
Lockheed Martin Corporation (LMT) competitors in Defense Prime Contractors — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 RTX | 249.94B | 185.60 | 37.42 | 9.74% | 8.03% | 10.92% | 0.59 | |
 NOC | 74.07B | 521.50 | 17.93 | 2.24% | 10.8% | 28.05% | 1.18 | |
 GD | 94.65B | 350.01 | 22.64 | 10.13% | 8.07% | 17.41% | 0.38 | |
 BA | 175.57B | 222.72 | 89.81 | 34.49% | 2.46% | 289.7% | 9.97 | |
 LHX | 55.07B | 294.82 | 34.56 | 2.53% | 7.71% | 8.87% | 0.53 | |
 HII | 11.24B | 285.43 | 18.55 | 8.23% | 4.71% | 12.05% | 0.62 | |
 TDG | 75.01B | 1328.31 | 41.41 | 11.22% | 21.59% | |||
 HEI | 46.96B | 337.10 | 68.80 | 16.26% | 16.08% | 16.23% | 0.50 |
Compare LMT vs Peers
Lockheed Martin Corporation (LMT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LMT Income Statement
Lockheed Martin Corporation (LMT) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 49.96B | 53.76B | 59.81B | 65.4B | 67.04B | 65.98B | 67.57B | 71.04B | 75.06B | 75.11B |
Revenue Growth % | 5.65% | 7.61% | 11.25% | 9.34% | 2.52% | -1.58% | 2.41% | 5.14% | 5.65% | 4.6% |
Cost of Goods Sold | 43.59B | 46.39B | 51.45B | 56.74B | 57.98B | 57.7B | 59.09B | 64.11B | 67.43B | 67.73B |
COGS % of Revenue | 87.25% | 86.29% | 86.01% | 86.77% | 86.48% | 87.44% | 87.45% | 90.25% | 89.84% | - |
Gross Profit | 6.37B▲ 0% | 7.37B▲ 15.7% | 8.37B▲ 13.5% | 8.65B▲ 3.4% | 9.06B▲ 4.7% | 8.29B▼ 8.5% | 8.48B▲ 2.3% | 6.93B▼ 18.3% | 7.62B▲ 9.9% | 7.37B▲ 0% |
Gross Margin % | 12.75% | 13.71% | 13.99% | 13.23% | 13.51% | 12.56% | 12.55% | 9.75% | 10.15% | 9.82% |
Gross Profit Growth % | 17.96% | 15.68% | 13.53% | 3.43% | 4.7% | -8.54% | 2.32% | -18.27% | 9.94% | - |
Operating Expenses | -373M | 36M | -178M | 10M | -62M | -61M | -28M | -83M | -112M | -48M |
OpEx % of Revenue | -0.75% | 0.07% | -0.3% | 0.02% | -0.09% | -0.09% | -0.04% | -0.12% | -0.15% | - |
Selling, General & Admin | 746M | 777M | 608M | 241M | 1.24B | 865M | 499M | 137M | 50M | 99M |
SG&A % of Revenue | 1.49% | 1.45% | 1.02% | 0.37% | 1.85% | 1.31% | 0.74% | 0.19% | 0.07% | - |
Research & Development | 1.2B | 1.3B | 1.3B | 1.3B | 1.5B | 1.7B | 1.5B | 1.6B | 2B | 665M |
R&D % of Revenue | 2.4% | 2.42% | 2.17% | 1.99% | 2.24% | 2.58% | 2.22% | 2.25% | 2.66% | - |
Other Operating Expenses | -2.32B | -2.04B | -2.09B | -1.53B | -2.8B | -2.63B | -2.03B | -1.82B | -2.16B | -2M |
Operating Income | 6.74B▲ 0% | 7.33B▲ 8.7% | 8.54B▲ 16.5% | 8.64B▲ 1.2% | 9.12B▲ 5.5% | 8.35B▼ 8.5% | 8.51B▲ 1.9% | 7.01B▼ 17.6% | 7.73B▲ 10.2% | 7.42B▲ 0% |
Operating Margin % | 13.5% | 13.64% | 14.29% | 13.22% | 13.61% | 12.65% | 12.59% | 9.87% | 10.3% | 9.88% |
Operating Income Growth % | 14.54% | 8.75% | 16.51% | 1.16% | 5.54% | -8.49% | 1.9% | -17.56% | 10.24% | - |
EBITDA | 7.94B | 8.49B | 9.73B | 9.93B | 10.49B | 9.75B | 9.94B | 8.57B | 8.45B | 8.71B |
EBITDA Margin % | 15.89% | 15.8% | 16.27% | 15.19% | 15.64% | 14.78% | 14.71% | 12.07% | 11.25% | 11.6% |
EBITDA Growth % | 11.77% | 7% | 14.59% | 2.05% | 5.57% | -7.01% | 1.9% | -13.73% | -1.49% | -2.78% |
D&A (Non-Cash Add-back) | 1.2B | 1.16B | 1.19B | 1.29B | 1.36B | 1.4B | 1.43B | 1.56B | 714M | 1.29B |
EBIT | 5.9B | 6.51B | 7.89B | 8.83B | 8.12B | 7.3B | 9.01B | 7.26B | 7.04B | 6.8B |
Net Interest Income | -651M | -668M | -653M | -591M | -569M | -623M | -916M | -1.04B | -1.12B | -1.12B |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 651M | 668M | 653M | 591M | 569M | 623M | 916M | 1.04B | 1.12B | 1.12B |
Other Income/Expense | -1.5B | -1.5B | -1.3B | -409M | -1.57B | -1.67B | -409M | -793M | -1.81B | -1.76B |
Pretax Income | 5.27B▲ 0% | 5.84B▲ 10.8% | 7.24B▲ 24.0% | 8.23B▲ 13.7% | 7.55B▼ 8.3% | 6.68B▼ 11.5% | 8.1B▲ 21.2% | 6.22B▼ 23.2% | 5.92B▼ 4.8% | 5.66B▲ 0% |
Pretax Margin % | 10.55% | 10.86% | 12.11% | 12.59% | 11.26% | 10.12% | 11.98% | 8.76% | 7.89% | 7.54% |
Income Tax | 3.34B | 792M | 1.01B | 1.35B | 1.24B | 948M | 1.18B | 884M | 905M | 867M |
Effective Tax Rate % | 63.39% | 13.57% | 13.96% | 16.36% | 16.36% | 14.19% | 14.55% | 14.21% | 15.28% | 15.32% |
Net Income | 2B▲ 0% | 5.05B▲ 152.0% | 6.23B▲ 23.5% | 6.83B▲ 9.7% | 6.32B▼ 7.6% | 5.73B▼ 9.2% | 6.92B▲ 20.7% | 5.34B▼ 22.9% | 5.02B▼ 6.0% | 4.79B▲ 0% |
Net Margin % | 4.01% | 9.39% | 10.42% | 10.45% | 9.42% | 8.69% | 10.24% | 7.51% | 6.68% | 6.38% |
Net Income Growth % | -62.24% | 152.05% | 23.46% | 9.68% | -7.58% | -9.23% | 20.73% | -22.89% | -5.98% | -12.9% |
Net Income (Continuing) | 1.89B | 5.05B | 6.23B | 6.89B | 6.32B | 5.73B | 6.92B | 5.34B | 5.02B | 4.79B |
Discontinued Operations | 73M | 0 | 0 | -55M | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 74M | 55M | 44M | 23M | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 6.89▲ 0% | 17.59▲ 155.3% | 21.95▲ 24.8% | 24.30▲ 10.7% | 22.77▼ 6.3% | 21.66▼ 4.9% | 27.55▲ 27.2% | 22.31▼ 19.0% | 21.49▼ 3.7% | 20.74▲ 0% |
EPS Growth % | -60.61% | 155.3% | 24.79% | 10.71% | -6.3% | -4.87% | 27.19% | -19.02% | -3.68% | -10.8% |
EPS (Basic) | 6.96 | 17.74 | 22.09 | 24.40 | 22.85 | 21.74 | 27.65 | 22.39 | 21.56 | - |
Diluted Shares Outstanding | 290.6M | 286.8M | 283.8M | 281.2M | 277.4M | 264.6M | 251.2M | 239.2M | 231.9M | 231.1M |
Basic Shares Outstanding | 287.8M | 284.5M | 282M | 280M | 276.4M | 263.7M | 250.3M | 238.3M | 230.9M | 229.9M |
Dividend Payout Ratio | 108.04% | 46.51% | 41.03% | 40.45% | 46.56% | 52.62% | 44.16% | 57.33% | 62.41% | - |
LMT Balance Sheet
Lockheed Martin Corporation (LMT) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 17.46B | 16.1B | 17.09B | 19.38B | 19.82B | 20.99B | 20.52B | 21.85B | 25.36B | 25.08B |
Cash & Short-Term Investments | 2.86B | 772M | 1.51B | 3.16B | 3.6B | 2.55B | 1.44B | 2.48B | 4.12B | 1.89B |
Cash Only | 2.86B | 772M | 1.51B | 3.16B | 3.6B | 2.55B | 1.44B | 2.48B | 4.12B | 1.89B |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 10.26B | 11.92B | 11.43B | 11.52B | 12.54B | 14.82B | 15.31B | 15.31B | 16.9B | 2.32B |
Days Sales Outstanding | 74.94 | 80.9 | 69.76 | 64.31 | 68.28 | 82 | 82.73 | 78.65 | 82.19 | 67.08 |
Inventory | 4.49B | 3B | 3.62B | 3.54B | 2.98B | 3.09B | 3.13B | 3.47B | 3.52B | 4.25B |
Days Inventory Outstanding | 37.57 | 23.58 | 25.68 | 22.8 | 18.77 | 19.54 | 19.35 | 19.78 | 19.08 | 20.51 |
Other Current Assets | -144M | 418M | 531M | 1.15B | 688M | 533M | 632M | 584M | 815M | 16.61B |
Total Non-Current Assets | 29.06B | 28.77B | 30.43B | 31.33B | 31.06B | 31.89B | 31.93B | 33.77B | 34.48B | 34.16B |
Property, Plant & Equipment | 5.78B | 6.12B | 6.59B | 7.21B | 7.6B | 7.97B | 8.37B | 8.73B | 8.88B | 11.28B |
Fixed Asset Turnover | 8.65x | 8.78x | 9.07x | 9.07x | 8.83x | 8.27x | 8.07x | 8.14x | 8.46x | 8.00x |
Goodwill | 10.81B | 10.77B | 10.6B | 10.81B | 10.81B | 10.78B | 10.8B | 11.07B | 11.31B | 11.31B |
Intangible Assets | 3.8B | 3.49B | 3.21B | 3.01B | 2.71B | 2.46B | 2.21B | 2.02B | 1.89B | 1.84B |
Long-Term Investments | 1.4B | 3.25B | 3.7B | 3.47B | 3.43B | 2.9B | 3.11B | 3.07B | 0 | 1.22B |
Other Non-Current Assets | 4.04B | 1.93B | 3B | 3.36B | 4.22B | 4.03B | 4.49B | 5.33B | 9.43B | 6.93B |
Total Assets | 46.52B▲ 0% | 44.88B▼ 3.5% | 47.53B▲ 5.9% | 50.71B▲ 6.7% | 50.87B▲ 0.3% | 52.88B▲ 3.9% | 52.46B▼ 0.8% | 55.62B▲ 6.0% | 59.84B▲ 7.6% | 59.24B▲ 0% |
Asset Turnover | 1.07x | 1.20x | 1.26x | 1.29x | 1.32x | 1.25x | 1.29x | 1.28x | 1.25x | 1.26x |
Asset Growth % | -2.69% | -3.54% | 5.91% | 6.69% | 0.32% | 3.95% | -0.8% | 6.03% | 7.59% | 27.58% |
Total Current Liabilities | 12.64B | 14.4B | 13.97B | 13.93B | 14B | 15.89B | 16.94B | 19.42B | 23.34B | 22.09B |
Accounts Payable | 1.47B | 2.4B | 1.28B | 880M | 780M | 2.12B | 2.31B | 2.22B | 3.63B | 4.71B |
Days Payables Outstanding | 12.28 | 18.9 | 9.09 | 5.66 | 4.91 | 13.39 | 14.28 | 12.65 | 19.65 | 21.32 |
Short-Term Debt | 750M | 1.5B | 1.25B | 500M | 6M | 118M | 168M | 643M | 1.17B | 168M |
Deferred Revenue (Current) | 6.75B | 6.49B | 7.05B | 7.54B | 8.11B | 8.49B | 9.19B | 9.79B | 11.44B | 31.56B |
Other Current Liabilities | 1.88B | 1.88B | 1.92B | 1.84B | 2B | 2.09B | 2.13B | 3.63B | 3.91B | 17.21B |
Current Ratio | 1.38x | 1.12x | 1.22x | 1.39x | 1.42x | 1.32x | 1.21x | 1.13x | 1.09x | 1.14x |
Quick Ratio | 1.03x | 0.91x | 0.96x | 1.14x | 1.20x | 1.13x | 1.03x | 0.95x | 0.94x | 0.94x |
Cash Conversion Cycle | 100.22 | 85.58 | 86.35 | 81.45 | 82.14 | 88.14 | 87.79 | 85.78 | 81.62 | 66.27 |
Total Non-Current Liabilities | 34.49B | 29.03B | 30.39B | 30.74B | 25.92B | 27.73B | 28.68B | 29.86B | 29.78B | 29.66B |
Long-Term Debt | 13.51B | 12.6B | 11.4B | 11.67B | 11.67B | 15.43B | 17.29B | 19.63B | 20.53B | 0 |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 20.98B | 16.43B | 18.98B | 19.07B | 14.25B | 12.3B | 11.39B | 10.24B | 9.25B | 29.66B |
Total Liabilities | 47.13B | 43.43B | 44.36B | 44.67B | 39.91B | 43.61B | 45.62B | 49.28B | 53.12B | 51.75B |
Total Debt | 14.26B | 14.1B | 12.65B | 12.17B | 11.68B | 15.55B | 17.46B | 20.27B | 21.7B | 168M |
Net Debt | 11.4B | 13.33B | 11.14B | 9.01B | 8.07B | 13B | 16.02B | 17.79B | 17.58B | -1.73B |
Debt / Equity | - | 9.73x | 3.99x | 2.02x | 1.07x | 1.68x | 2.55x | 3.20x | 3.23x | 0.02x |
Debt / EBITDA | 1.80x | 1.66x | 1.30x | 1.22x | 1.11x | 1.59x | 1.76x | 2.36x | 2.57x | 0.02x |
Net Debt / EBITDA | 1.44x | 1.57x | 1.14x | 0.91x | 0.77x | 1.33x | 1.61x | 2.07x | 2.08x | -0.20x |
Interest Coverage | 9.06x | 9.74x | 12.09x | 14.93x | 14.27x | 11.72x | 9.84x | 7.00x | 6.30x | 6.08x |
Total Equity | -609M▲ 0% | 1.45B▲ 337.9% | 3.17B▲ 118.8% | 6.04B▲ 90.4% | 10.96B▲ 81.5% | 9.27B▼ 15.4% | 6.83B▼ 26.2% | 6.33B▼ 7.3% | 6.72B▲ 6.1% | 7.49B▲ 0% |
Equity Growth % | -137.92% | 337.93% | 118.84% | 90.41% | 81.5% | -15.45% | -26.24% | -7.34% | 6.13% | -9.59% |
Book Value per Share | -2.10 | 5.05 | 11.17 | 21.47 | 39.51 | 35.02 | 27.21 | 26.48 | 28.98 | 32.41 |
Total Shareholders' Equity | -683M | 1.39B | 3.13B | 6.01B | 10.96B | 9.27B | 6.83B | 6.33B | 6.72B | 7.49B |
Common Stock | 284M | 281M | 280M | 279M | 271M | 254M | 240M | 234M | 229M | 230M |
Retained Earnings | 11.57B | 15.43B | 18.4B | 21.64B | 21.6B | 16.94B | 15.4B | 14.55B | 14.03B | 14.72B |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -12.54B | -14.32B | -15.55B | -16.12B | -11.01B | -8.02B | -8.8B | -8.45B | -7.54B | -7.5B |
Minority Interest | 74M | 55M | 44M | 23M | 0 | 0 | 0 | 0 | 0 | 0 |
LMT Cash Flow Statement
Lockheed Martin Corporation (LMT) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 6.48B | 3.14B | 7.31B | 8.18B | 9.22B | 7.8B | 7.92B | 6.97B | 8.56B | 7.37B |
Operating CF Margin % | 12.96% | 5.84% | 12.22% | 12.51% | 13.75% | 11.82% | 11.72% | 9.81% | 11.4% | - |
Operating CF Growth % | 24.8% | -51.54% | 132.98% | 11.93% | 12.68% | -15.39% | 1.51% | -11.97% | 22.73% | 93.9% |
Net Income | 2B | 5.05B | 6.23B | 6.83B | 6.32B | 5.73B | 6.92B | 5.34B | 5.02B | 4.79B |
Depreciation & Amortization | 1.2B | 1.16B | 1.19B | 1.29B | 1.36B | 1.4B | 1.43B | 1.56B | 1.69B | 1.69B |
Stock-Based Compensation | 158M | 173M | 189M | 221M | 227M | 238M | 265M | 277M | 304M | 327M |
Deferred Taxes | 3.3B | -244M | 222M | 60M | -183M | -757M | -498M | -588M | 372M | 567M |
Other Non-Cash Items | 14M | 900M | 223M | 894M | 1.44B | 1.77B | -3M | 2.05B | 2.16B | 135M |
Working Capital Changes | -197M | -3.9B | -742M | -1.11B | 54M | -585M | -194M | -1.66B | -983M | -142M |
Change in Receivables | -401M | -179M | 107M | 359M | 15M | -542M | 373M | -328M | -1.83B | 3.86B |
Change in Inventory | 183M | -119M | -622M | 74M | 564M | -107M | -44M | -478M | -286M | -888M |
Change in Payables | -189M | 914M | -1.1B | -372M | -98M | 1.27B | 151M | -93M | 1.34B | 883M |
Cash from Investing | -1.15B | -1.07B | -1.24B | -2.01B | -1.16B | -1.79B | -1.69B | -1.79B | -1.98B | -2.09B |
Capital Expenditures | -1.18B | -1.28B | -1.48B | -1.77B | -1.52B | -1.67B | -1.69B | -1.69B | -1.65B | -1.71B |
CapEx % of Revenue | 2.36% | 2.38% | 2.48% | 2.7% | 2.27% | 2.53% | 2.5% | 2.37% | 2.2% | 2.27% |
Acquisitions | 0 | 0 | 0 | -282M | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 30M | 203M | 243M | 38M | 361M | -119M | -3M | -107M | -328M | -382M |
Cash from Financing | -4.3B | -4.15B | -5.33B | -4.53B | -7.62B | -7.07B | -7.33B | -4.14B | -4.94B | -5.19B |
Debt Issued (Net) | 0 | -150M | -1.5B | -519M | -500M | 3.96B | 1.86B | 2.8B | 1.34B | -1B |
Equity Issued (Net) | -2B | -1.49B | -1.2B | -1.1B | -4.09B | -7.9B | -6B | -3.7B | -3B | -2.25B |
Dividends Paid | -2.16B | -2.35B | -2.56B | -2.76B | -2.94B | -3.02B | -3.06B | -3.06B | -3.13B | -3.15B |
Share Repurchases | -2B | -1.49B | -1.2B | -1.1B | -4.09B | -7.9B | -6B | -3.7B | -3B | -2.25B |
Other Financing | -141M | -163M | -72M | -144M | -89M | -115M | -135M | -182M | -154M | 1.21B |
Net Change in Cash | 1.02B▲ 0% | -2.09B▼ 304.0% | 742M▲ 135.5% | 1.65B▲ 121.8% | 444M▼ 73.0% | -1.06B▼ 338.1% | -1.1B▼ 4.5% | 1.04B▲ 194.2% | 1.64B▲ 57.3% | 91M▲ 0% |
Free Cash Flow | 5.3B▲ 0% | 1.86B▼ 64.9% | 5.83B▲ 213.3% | 6.42B▲ 10.1% | 7.7B▲ 20.0% | 6.13B▼ 20.4% | 6.23B▲ 1.6% | 5.29B▼ 15.1% | 6.91B▲ 30.7% | 5.66B▲ 0% |
FCF Margin % | 10.61% | 3.46% | 9.74% | 9.81% | 11.48% | 9.29% | 9.22% | 7.44% | 9.2% | 7.54% |
FCF Growth % | 28.43% | -64.9% | 213.28% | 10.13% | 19.98% | -20.35% | 1.58% | -15.12% | 30.66% | 13.58% |
FCF per Share | 18.23 | 6.49 | 20.53 | 22.82 | 27.75 | 23.17 | 24.80 | 22.10 | 29.79 | 24.50 |
FCF Conversion (FCF/Net Income) | 3.23x | 0.62x | 1.17x | 1.20x | 1.46x | 1.36x | 1.14x | 1.31x | 1.71x | 1.18x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
LMT Key Ratios
Lockheed Martin Corporation (LMT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 401.6% | 1201.43% | 269.7% | 148.4% | 74.31% | 56.68% | 85.96% | 81.05% | 76.87% | 74.53% |
Return on Invested Capital (ROIC) | 40.72% | 43.02% | 44.06% | 44.17% | 40.16% | 30.32% | 28.28% | 22.4% | 23.95% | 27.61% |
Gross Margin | 12.75% | 13.71% | 13.99% | 13.23% | 13.51% | 12.56% | 12.55% | 9.75% | 10.15% | 9.82% |
Net Margin | 4.01% | 9.39% | 10.42% | 10.45% | 9.42% | 8.69% | 10.24% | 7.51% | 6.68% | 6.38% |
Debt / Equity | - | 9.73x | 3.99x | 2.02x | 1.07x | 1.68x | 2.55x | 3.20x | 3.23x | 0.02x |
Interest Coverage | 9.06x | 9.74x | 12.09x | 14.93x | 14.27x | 11.72x | 9.84x | 7.00x | 6.30x | 6.08x |
FCF Conversion | 3.23x | 0.62x | 1.17x | 1.20x | 1.46x | 1.36x | 1.14x | 1.31x | 1.71x | 1.18x |
Revenue Growth | 5.65% | 7.61% | 11.25% | 9.34% | 2.52% | -1.58% | 2.41% | 5.14% | 5.65% | 4.6% |
Related:LMT Dividend History·LMT Revenue History·LMT Price History·LMT P/E History·LMT Financial Ratios·LMT Institutional Holders
LMT SEC Filings & Documents
Lockheed Martin Corporation (LMT) SEC filings — annual & quarterly reports (10-K, 10-Q)
LMT Frequently Asked Questions
Lockheed Martin Corporation (LMT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Lockheed Martin Corporation (LMT) reported $75.11B in revenue for fiscal year 2025. This represents a 179% increase from $26.88B in 1996.
Lockheed Martin Corporation (LMT) grew revenue by 5.7% over the past year. This is steady growth.
Yes, Lockheed Martin Corporation (LMT) is profitable, generating $4.79B in net income for fiscal year 2025 (6.7% net margin).
Dividend & Returns
Yes, Lockheed Martin Corporation (LMT) pays a dividend with a yield of 2.64%. This makes it attractive for income-focused investors.
Lockheed Martin Corporation (LMT) has a return on equity (ROE) of 76.9%. This is excellent, indicating efficient use of shareholder capital.
Lockheed Martin Corporation (LMT) generated $5.66B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.