Lockheed Martin Corporation (LMT) Earnings History
Earnings Pressure33 years of earnings data (1993–2025) · 5-year EPS trend is negative
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Lockheed Martin Corporation (LMT) Earnings Overview
As of June 22, 2026, Lockheed Martin Corporation (LMT) reported trailing twelve-month net income of $4.79B, reflecting -3.7% year-over-year growth. The company earned $20.74 per diluted share over the past four quarters, with a net profit margin of 6.7%.
Looking at the long-term picture, LMT's 5-year EPS compound annual growth rate (CAGR) stands at -2.4%, signaling declining earnings. The company achieved its highest annual net income of $6.92B in fiscal 2023.
Lockheed Martin Corporation maintains positive profitability with a gross margin of 10.2%, operating margin of 10.3%, and net margin of 6.7%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including RTX ($7.26B net income, 7.6% margin), NOC ($4.58B net income, 10.0% margin), GD ($4.34B net income, 8.0% margin), LMT has room to improve margins relative to the peer group. Compare LMT vs RTX →
LMT Earnings vs Peers
Earnings metrics vs comparable public companies
LMT Historical Earnings Data (1993–2025)
33 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $5.02B | -6.0% | $7.73B | $21.49 | 6.7% | 10.3% |
| 2024 | $5.34B | -22.9% | $7.01B | $22.31 | 7.5% | 9.9% |
| 2023 | $6.92B | +20.7% | $8.51B | $27.55 | 10.2% | 12.6% |
| 2022 | $5.73B | -9.2% | $8.35B | $21.66 | 8.7% | 12.7% |
| 2021 | $6.32B | -7.6% | $9.12B | $22.77 | 9.4% | 13.6% |
| 2020 | $6.83B | +9.7% | $8.64B | $24.30 | 10.4% | 13.2% |
| 2019 | $6.23B | +23.5% | $8.54B | $21.95 | 10.4% | 14.3% |
| 2018 | $5.05B | +152.0% | $7.33B | $17.59 | 9.4% | 13.6% |
| 2017 | $2.00B | -62.2% | $6.74B | $6.89 | 4.0% | 13.5% |
| 2016 | $5.30B | +47.1% | $5.89B | $17.49 | 11.2% | 12.5% |
| 2015 | $3.60B | -0.2% | $4.71B | $11.46 | 8.9% | 11.6% |
| 2014 | $3.61B | +21.2% | $5.59B | $11.21 | 9.0% | 14.0% |
| 2013 | $2.98B | +8.6% | $4.50B | $9.13 | 6.6% | 9.9% |
| 2012 | $2.75B | +3.4% | $4.43B | $8.36 | 5.8% | 9.4% |
| 2011 | $2.65B | -9.3% | $3.98B | $7.81 | 5.7% | 8.6% |
| 2010 | $2.93B | -3.2% | $4.10B | $7.94 | 6.4% | 8.9% |
| 2009 | $3.02B | -6.0% | $4.47B | $7.78 | 6.7% | 9.9% |
| 2008 | $3.22B | +6.1% | $5.13B | $7.86 | 7.5% | 12.0% |
| 2007 | $3.03B | +19.9% | $4.53B | $7.10 | 7.2% | 10.8% |
| 2006 | $2.53B | +38.6% | $3.95B | $5.80 | 6.4% | 10.0% |
| 2005 | $1.82B | +44.2% | $2.99B | $4.09 | 4.9% | 8.0% |
| 2004 | $1.27B | +20.2% | $2.09B | $2.83 | 3.6% | 5.9% |
| 2003 | $1.05B | +110.6% | $1.98B | $2.34 | 3.3% | 6.2% |
| 2002 | $500M | +147.8% | $1.95B | $1.11 | 1.9% | 7.3% |
| 2001 | -$1.05B | -101.5% | $1.54B | $-2.42 | -4.4% | 6.4% |
| 2000 | -$519M | -235.9% | $1.61B | $-1.29 | -2.0% | 6.4% |
| 1999 | $382M | -61.8% | $1.67B | $0.99 | 1.5% | 6.5% |
| 1998 | $1.00B | -23.0% | $2.35B | $2.63 | 3.8% | 9.0% |
| 1997 | $1.30B | -3.5% | $2.30B | $3.51 | 4.6% | 8.2% |
| 1996 | $1.35B | +97.5% | $2.28B | $3.04 | 5.0% | 8.5% |
| 1995 | $682M | -33.0% | $1.28B | $1.54 | 3.0% | 5.6% |
| 1994 | $1.02B | +22.8% | $1.78B | $2.33 | 4.4% | 7.8% |
| 1993 | $829M | - | $1.54B | $1.87 | 3.7% | 6.9% |
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LMT — Frequently Asked Questions
Quick answers to the most common questions about buying LMT stock.
What is LMT earnings per share (EPS)?
LMT trailing twelve-month (TTM) diluted EPS is $20.74, reflecting -3.7% year-over-year growth. The 5-year EPS CAGR is -2.4%. Complete EPS history from 1993 to 2025 is available in the table on this page.
What is Lockheed Martin Corporation's net income?
Lockheed Martin Corporation (LMT) trailing twelve-month net income is $4.8B as of 2025. Earnings declined -3.7% year-over-year. Lockheed Martin Corporation has been profitable for 24 consecutive years.
Is LMT profitable?
Yes, LMT is profitable with a TTM net income of $4.8B and a net profit margin of +6.7%. Lockheed Martin Corporation has generated profits for 24 consecutive years.
What is LMT's earnings growth rate?
LMT compound annual EPS growth rates (CAGR): 1-Year: -3.7%, 3-Year: -0.3%, 5-Year: -2.4%, 10-Year: +6.5%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1993 to 2025.
What are LMT's profit margins?
Lockheed Martin Corporation net profit margin is +6.7%, operating margin is +10.3%, and gross margin is +10.2%. Margins are within a typical range for the sector. Return on Equity is +76.9%.
Is LMT growing earnings?
LMT earnings growth is slowing. Current YoY EPS growth of -3.7% trails the 5-year CAGR of -2.4%. TTM net income is $4.8B.
What was LMT's best earnings year?
Lockheed Martin Corporation's highest annual net income on record is $6.9B, achieved in fiscal year 2023. Earnings history on this page spans 1993 to 2025 and includes all annual and quarterly figures.
What were LMT's earnings last quarter?
LMT's most recent reported quarter was Q1 2026. Net income was $1.5B with diluted EPS of $6.44. For a full breakdown of all quarters, see the quarterly earnings table on this page.