Lockheed Martin Corporation (LMT) Earnings History
Annual and quarterly earnings data from 1993 to 2025
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LMT EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
LMT Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 10.2% | 10.3% | 6.7% |
| 2024 | 9.8% | 9.9% | 7.5% |
| 2023 | 12.5% | 12.6% | 10.2% |
| 2022 | 12.6% | 12.7% | 8.7% |
| 2021 | 13.5% | 13.6% | 9.4% |
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Lockheed Martin Corporation (LMT) Earnings Overview
As of May 8, 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% |
Full LMT Stock Analysis
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Start ComparisonLMT — Frequently Asked Questions
Quick answers to the most common questions about buying LMT stock.
Is LMT growing earnings?
LMT EPS of $20.74 reflects slowing growth at -3.7%, below the 5-year CAGR of -2.4%. TTM net income is $4.8B. Expansion rate has moderated.
What are LMT's profit margins?
Lockheed Martin Corporation net margin is +6.7%, with operating margin at +10.3%. Margins sit within typical range for the sector.
How consistent are LMT's earnings?
LMT earnings data spans 1993-2025. The current earnings trend is -3.7% YoY. Historical data enables comparison across business cycles.