Lockheed Martin Corporation (VIE:LMT)

Lockheed Martin Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	75,048	71,043	67,571	65,984	67,044
Revenue Growth (YoY)	5.64%	5.14%	2.40%	-1.58%	2.52%
Cost of Revenue	68,359	65,069	60,233	58,609	59,451
Gross Profit	7,619	6,930	8,479	8,287	9,061
Other Operating Expenses	1,062	1,130	1,325	1,112	1,540
Operating Income	7,731	7,013	8,507	8,348	9,123
Interest Expense	-1,118	-1,036	-916	-623	-569
Other Non-Operating Income (Expense)	-579	326	535	-984	-942
Total Non-Operating Income (Expense)	-1,697	-710	-381	-1,607	-1,511
Pretax Income	5,922	6,220	8,098	6,680	7,550
Provision for Income Taxes	905	884	1,178	948	1,235
Net Income	5,017	5,336	6,920	5,732	6,315
Net Income to Common	5,017	5,336	6,920	5,732	6,315
Net Income Growth	-5.98%	-22.89%	20.73%	-9.23%	-7.58%
Shares Outstanding (Basic)	233	238	250	264	276
Shares Outstanding (Diluted)	234	239	251	265	277
Shares Change (YoY)	-2.38%	-4.78%	-5.06%	-4.61%	-1.35%
EPS (Basic)	21.56	22.39	27.65	21.74	22.85
EPS (Diluted)	21.49	22.31	27.55	21.66	22.76
EPS Growth	-3.67%	-19.02%	27.19%	-4.83%	-6.34%
Free Cash Flow	6,908	5,287	6,229	6,132	7,699
Free Cash Flow Growth	30.66%	-15.12%	1.58%	-20.35%	19.98%
Free Cash Flow Per Share	29.58	22.10	24.80	23.17	27.75
Dividends Per Share	13.350	12.750	12.150	11.400	10.600
Dividend Growth	4.71%	4.94%	6.58%	7.55%	8.16%
Gross Margin	10.15%	9.75%	12.55%	12.56%	13.52%
Operating Margin	10.30%	9.87%	12.59%	12.65%	13.61%
Profit Margin	6.69%	7.51%	10.24%	8.69%	9.42%
FCF Margin	9.20%	7.44%	9.22%	9.29%	11.48%
EBITDA	9,418	8,572	9,937	9,752	10,487
EBITDA Margin	12.55%	12.07%	14.71%	14.78%	15.64%
EBIT	7,731	7,013	8,507	8,348	9,123
EBIT Margin	10.30%	9.87%	12.59%	12.65%	13.61%
Effective Tax Rate	15.28%	14.21%	14.55%	14.19%	16.36%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.