Lockheed Martin Corporation (LMT) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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LMT Revenue Growth
Revenue Breakdown (FY 2025)
LMT's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
LMT Revenue Analysis (2014–2025)
As of May 8, 2026, Lockheed Martin Corporation (LMT) generated trailing twelve-month (TTM) revenue of $75.11 billion, reflecting modest growth of +0.3% year-over-year. The most recent quarter (Q1 2026) recorded $18.02 billion in revenue, down 11.4% sequentially.
Looking at the longer-term picture, LMT's 5-year compound annual growth rate (CAGR) stands at +2.8%, indicating moderate growth over time. The company achieved its highest annual revenue of $75.06 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows LMT's business is primarily driven by Aeronautics (40%), Rotary and Mission Systems (23%), and Missiles And Fire Control (19%).
When compared to Industrials sector peers including RTX (+10.6% YoY), NOC (+5.0% YoY), and GD (+9.3% YoY), LMT has underperformed the peer group in terms of revenue growth. Compare LMT vs RTX →
LMT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| LMTCurrent | $75.1B | +0.3% | +2.8% | 10.3% | |
 RTX | $88.6B | +10.6% | +9.4% | 10.0% | |
 NOC | $42.0B | +5.0% | +2.7% | 10.2% | |
 GD | $52.5B | +9.3% | +6.7% | 10.2% | |
 BA | $89.5B | +32.7% | +9.0% | -6.1% | |
 LHX | $21.9B | +5.8% | +3.7% | 10.0% |
LMT Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $75.06B | +5.7% | $7.62B | 10.2% | $7.73B | 10.3% |
| 2024 | $71.04B | +5.1% | $6.93B | 9.8% | $7.01B | 9.9% |
| 2023 | $67.57B | +2.4% | $8.48B | 12.5% | $8.51B | 12.6% |
| 2022 | $65.98B | -1.6% | $8.29B | 12.6% | $8.35B | 12.7% |
| 2021 | $67.04B | +2.5% | $9.06B | 13.5% | $9.12B | 13.6% |
| 2020 | $65.40B | +9.3% | $8.65B | 13.2% | $8.64B | 13.2% |
| 2019 | $59.81B | +11.3% | $8.37B | 14.0% | $8.54B | 14.3% |
| 2018 | $53.76B | +7.6% | $7.37B | 13.7% | $7.33B | 13.6% |
| 2017 | $49.96B | +5.6% | $6.37B | 12.8% | $6.74B | 13.5% |
| 2016 | $47.29B | +16.7% | $5.40B | 11.4% | $5.89B | 12.5% |
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Start ComparisonLMT — Frequently Asked Questions
Quick answers to the most common questions about buying LMT stock.
Is LMT's revenue growth accelerating or slowing?
LMT revenue growth slowed to +0.3%, below the 5-year CAGR of +2.8%. TTM revenue is $75.1B. The deceleration marks a shift from historical growth rates.
What is LMT's long-term revenue growth rate?
Lockheed Martin Corporation's 5-year revenue CAGR of +2.8% reflects the variable expansion pattern. Current YoY growth of +0.3% is near this long-term average.
How is LMT's revenue distributed by segment?
LMT reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.