Lockheed Martin Corporation (LMT) Quarterly Income Statement

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Lockheed Martin Corporation (LMT) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

LMT Income Statement

Lockheed Martin Corporation (LMT) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Sales/Revenue	20.06B	18.02B	20.33B	18.61B	18.16B	17.96B	18.62B	17.1B	18.12B	17.2B	18.87B	16.88B	16.69B	15.13B	18.99B	16.58B	15.45B	14.96B	17.73B	16.03B
Revenue Growth %	10.51%	0.32%	9.17%	8.8%	0.18%	4.47%	-1.34%	1.34%	8.56%	13.68%	-0.62%	1.78%	8.07%	1.08%	7.12%	3.46%	-9.3%	-7.96%	4.09%	-2.83%
Cost of Goods Sold	17.62B	15.94B	18B	16.37B	17.42B	15.64B	17.93B	14.99B	15.9B	15.2B	16.52B	14.83B	14.6B	13.08B	16.69B	14.46B	13.49B	13.05B	15.31B	13.73B
COGS % of Revenue	87.81%	88.47%	88.53%	87.96%	95.96%	87.07%	96.29%	87.62%	87.77%	88.41%	87.53%	87.87%	87.48%	86.47%	87.88%	87.22%	87.34%	87.24%	86.34%	85.64%
Gross Profit	2.45B	2.08B	2.32B	2.24B	734M	2.32B	690M	2.12B	2.22B	1.99B	2.29B	2.05B	2.09B	2.05B	2.3B	2.12B	1.96B	1.91B	2.42B	2.3B
Gross Margin %	12.19%	11.53%	11.42%	12.04%	4.04%	12.93%	3.71%	12.38%	12.23%	11.59%	12.16%	12.13%	12.52%	13.53%	12.12%	12.78%	12.66%	12.76%	13.66%	14.36%
Gross Profit Growth %	233.24%	-10.55%	236.52%	5.81%	-66.89%	16.56%	-69.93%	3.37%	6.08%	-2.59%	-0.3%	-3.4%	6.85%	7.18%	-4.95%	-7.91%	-9.07%	-12.67%	9.39%	7.77%
Operating Expenses	-33M	15M	-9M	-40M	-14M	-49M	-6M	-23M	69M	-36M	2M	6M	-45M	9M	9M	-39M	-7M	-24M	-33M	8M
OpEx % of Revenue	-0.16%	0.08%	-0.04%	-0.21%	-0.08%	-0.27%	-0.03%	-0.13%	0.38%	-0.21%	0.01%	0.04%	-0.27%	0.06%	0.05%	-0.24%	-0.05%	-0.16%	-0.19%	0.05%
Selling, General & Admin	0	0	0	0	99M	-49M	0	0	-15M	-16M	0	0	-111M	-110M	0	0	0	0	0	0
SG&A % of Revenue	-	-	-	-	0.55%	-0.27%	-	-	-0.08%	-0.09%	-	-	-0.66%	-0.73%	-	-	-	-	-	-
Research & Development	0	0	665M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	3.27%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-1000K	1000K	-1000K	-1000K	-1000K	0	-1000K	-1000K	1000K	-1000K	1000K	1000K	1000K	1000K	1000K	-1000K	-1000K	-1000K	-1000K	1000K
Operating Income	2.48B	2.06B	2.33B	2.28B	748M	2.37B	696M	2.14B	2.15B	2.03B	2.29B	2.04B	2.13B	2.04B	2.29B	2.16B	1.96B	1.93B	2.46B	2.29B
Operating Margin %	12.36%	11.45%	11.47%	12.25%	4.12%	13.2%	3.74%	12.51%	11.85%	11.8%	12.15%	12.1%	12.79%	13.47%	12.07%	13.02%	12.66%	12.92%	13.85%	14.31%
Operating Income Growth %	231.42%	-13.03%	234.91%	6.54%	-65.18%	16.9%	-69.65%	4.8%	0.61%	-0.39%	0%	-5.42%	9.15%	5.38%	-6.6%	-5.88%	-10.77%	-11.41%	7.25%	6.85%
EBITDA	2.48B	2.46B	2.79B	2.71B	1.15B	2.77B	1.16B	2.53B	2.51B	2.38B	2.71B	2.39B	2.47B	2.36B	2.73B	2.45B	2.3B	2.26B	2.82B	2.62B
EBITDA Margin %	12.36%	13.66%	13.74%	14.55%	6.32%	15.42%	6.2%	14.79%	13.83%	13.84%	14.38%	14.17%	14.79%	15.62%	14.39%	14.79%	14.88%	15.12%	15.91%	16.37%
EBITDA Growth %	116.13%	-11.12%	141.9%	7.04%	-54.25%	16.34%	-57.44%	5.77%	1.54%	0.76%	-0.66%	-2.45%	7.39%	4.42%	-3.12%	-6.52%	-8.99%	-10.17%	6.33%	6.37%
D&A (Non-Cash Add-back)	0	398M	463M	428M	399M	397M	459M	390M	359M	351M	421M	350M	334M	325M	439M	293M	343M	329M	365M	329M
EBIT	2.48B	2.04B	1.82B	2.22B	691M	2.3B	783M	2.17B	2.21B	2.09B	2.4B	2.19B	2.23B	2.2B	2.39B	2.24B	471M	2.2B	2.64B	820M
Net Interest Income	-266M	-269M	-290M	-286M	-274M	-268M	-264M	-256M	-261M	-255M	-254M	-237M	-223M	-202M	-202M	-145M	-141M	-135M	-146M	-141M
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense	266M	269M	290M	286M	274M	268M	264M	256M	261M	255M	254M	237M	223M	202M	202M	145M	141M	135M	146M	141M
Other Income/Expense	-301M	-289M	-800M	-342M	-331M	-336M	-177M	-222M	-200M	-194M	-148M	-89M	-129M	-43M	-103M	-60M	-1.63B	128M	35M	-1.61B
Pretax Income	2.18B	1.77B	1.53B	1.94B	417M	2.04B	519M	1.92B	1.95B	1.83B	2.15B	1.95B	2.01B	1.99B	2.19B	2.1B	330M	2.06B	2.49B	679M
Pretax Margin %	10.86%	9.84%	7.53%	10.41%	2.3%	11.33%	2.79%	11.21%	10.75%	10.67%	11.36%	11.57%	12.02%	13.18%	11.53%	12.66%	2.14%	13.77%	14.04%	4.24%
Income Tax	342M	286M	187M	319M	75M	324M	-8M	295M	307M	290M	279M	269M	325M	305M	278M	321M	21M	328M	441M	65M
Effective Tax Rate %	15.7%	16.12%	12.21%	16.46%	17.99%	15.91%	-1.54%	15.38%	15.76%	15.8%	13.01%	13.77%	16.2%	15.3%	12.69%	15.29%	6.36%	15.91%	17.71%	9.57%
Net Income	1.84B	1.49B	1.34B	1.62B	342M	1.71B	527M	1.62B	1.64B	1.54B	1.87B	1.68B	1.68B	1.69B	1.91B	1.78B	309M	1.73B	2.05B	614M
Net Margin %	9.15%	8.26%	6.61%	8.7%	1.88%	9.53%	2.83%	9.49%	9.06%	8.99%	9.89%	9.98%	10.07%	11.17%	10.07%	10.72%	2%	11.58%	11.56%	3.83%
Net Income Growth %	436.84%	-13.08%	155.03%	-0.25%	-79.16%	10.81%	-71.76%	-3.62%	-2.38%	-8.53%	-2.41%	-5.29%	444.01%	-2.54%	-6.69%	189.58%	-82.98%	-5.66%	14.34%	-63.84%
Net Income (Continuing)	1.84B	1.49B	1.34B	1.62B	342M	1.71B	527M	1.62B	1.64B	1.54B	1.87B	1.68B	1.68B	1.69B	1.91B	1.78B	309M	1.73B	2.05B	614M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	7.94	6.44	5.80	6.95	1.46	7.28	2.22	6.80	6.85	6.39	7.58	6.73	6.63	6.61	7.40	6.71	1.16	6.44	7.47	2.21
EPS Growth %	443.84%	-11.54%	161.26%	2.21%	-78.69%	13.93%	-70.71%	1.04%	3.32%	-3.33%	2.43%	0.3%	471.55%	2.64%	-0.94%	203.62%	-82.21%	-1.83%	17.08%	-63.47%
EPS (Basic)	7.98	6.47	5.82	6.98	1.46	7.30	2.23	6.83	6.87	6.42	7.61	6.75	6.65	6.63	7.44	6.73	1.16	6.46	7.50	2.22
Diluted Shares Outstanding	231.1M	231.1M	231.9M	232.8M	234.3M	235.3M	237M	238.6M	239.6M	241.6M	246.1M	250.2M	253.6M	255.7M	258.3M	265.1M	266.7M	269.2M	274.3M	277.3M
Basic Shares Outstanding	230.2M	229.9M	230.9M	231.9M	233.5M	234.4M	236M	237.5M	238.9M	240.7M	245.2M	249.3M	252.8M	254.7M	257.1M	264.1M	265.8M	268.3M	273.3M	276.2M
Dividend Payout Ratio	43.36%	54.84%	59.45%	47.25%	225.44%	46.5%	147.63%	46.15%	45.83%	50.49%	41.1%	44.36%	45.09%	46.42%	40.06%	41.56%	240.78%	44.26%	37.19%	116.94%