Lockheed Martin Corporation (LMT)
NYSE: LMT · Real-Time Price · USD
508.77
-4.75 (-0.92%)
At close: Jul 17, 2026, 4:00 PM EDT
509.40
+0.63 (0.12%)
After-hours: Jul 17, 2026, 7:59 PM EDT
Lockheed Martin Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 29, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 28, 2025 | Jun '25 Jun 29, 2025 | Mar '25 Mar 30, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 29, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 24, 2023 | Jun '23 Jun 25, 2023 | Mar '23 Mar 26, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 25, 2022 | Jun '22 Jun 26, 2022 | Mar '22 Mar 27, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 26, 2021 | Jun '21 Jun 27, 2021 |
| 18,021 | 20,321 | 18,609 | 18,155 | 17,963 | 18,622 | 17,104 | 18,122 | 17,195 | 18,874 | 16,878 | 16,693 | 15,126 | 18,991 | 16,583 | 15,446 | 14,964 | 17,729 | 16,028 | 17,029 | |
Revenue Growth (YoY) | 0.32% | 9.12% | 8.80% | 0.18% | 4.47% | -1.33% | 1.34% | 8.56% | 13.68% | -0.62% | 1.78% | 8.07% | 1.08% | 7.12% | 3.46% | -9.30% | -7.96% | 4.09% | -2.83% | 4.99% |
Cost of Revenue | 15,943 | 17,999 | 16,369 | 17,421 | 15,640 | 17,932 | 14,987 | 15,992 | 15,202 | 16,579 | 14,830 | 14,603 | 13,080 | 16,589 | 14,463 | 13,490 | 13,055 | 15,022 | 13,726 | 14,878 |
Gross Profit | 2,078 | 2,322 | 2,240 | 734 | 2,323 | 690 | 2,117 | 2,130 | 1,993 | 2,295 | 2,048 | 2,090 | 2,046 | 2,302 | 2,120 | 1,956 | 1,909 | 2,422 | 2,302 | 2,151 |
Other Operating Expenses | 15 | -9 | -40 | -14 | -49 | -6 | -23 | -18 | -36 | 2 | 6 | -45 | 9 | - | - | -7 | - | -33 | 8 | -41 |
Total Operating Expenses | 15 | -9 | -40 | -14 | -49 | -6 | -23 | -18 | -36 | 2 | 6 | -45 | 9 | 0 | 0 | -7 | 0 | -33 | 8 | -41 |
Operating Income | 2,063 | 2,331 | 2,280 | 748 | 2,372 | 696 | 2,140 | 2,148 | 2,029 | 2,293 | 2,042 | 2,135 | 2,037 | 2,293 | 2,159 | 1,963 | 1,933 | 2,455 | 2,294 | 2,192 |
Interest Expense | -269 | -290 | -286 | -274 | -268 | -264 | -256 | -261 | -255 | -254 | -237 | -223 | -202 | -202 | -145 | -141 | -135 | -146 | -141 | -142 |
Other Non-Operating Income (Expense) | -20 | -510 | -56 | -57 | -68 | 87 | 34 | 61 | 61 | 106 | 148 | 94 | 159 | 99 | 46 | -1,492 | 239 | 181 | -1,474 | 120 |
Total Non-Operating Income (Expense) | -289 | -800 | -342 | -331 | -336 | -177 | -222 | -200 | -194 | -148 | -89 | -129 | -43 | -103 | -99 | -1,633 | 104 | 35 | -1,615 | -22 |
Pretax Income | 1,774 | 1,531 | 1,938 | 417 | 2,036 | 519 | 1,918 | 1,948 | 1,835 | 2,145 | 1,953 | 2,006 | 1,994 | 2,190 | 2,099 | 330 | 2,061 | 2,490 | 679 | 2,170 |
Provision for Income Taxes | 286 | 187 | 319 | 75 | 324 | -8 | 295 | 307 | 290 | 279 | 269 | 325 | 305 | 278 | 321 | 21 | 328 | 441 | 65 | 355 |
Net Income | 1,488 | 1,344 | 1,619 | 342 | 1,712 | 527 | 1,623 | 1,641 | 1,545 | 1,866 | 1,684 | 1,681 | 1,689 | 1,912 | 1,778 | 309 | 1,733 | 2,049 | 614 | 1,815 |
Net Income to Common | 1,488 | 1,344 | 1,619 | 342 | 1,712 | 527 | 1,623 | 1,641 | 1,545 | 1,866 | 1,684 | 1,681 | 1,689 | 1,912 | 1,778 | 309 | 1,733 | 2,049 | 614 | 1,815 |
Net Income Growth | -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% | -82.97% | -5.66% | 14.34% | -63.84% | 11.62% |
Shares Outstanding (Basic) | 230 | 231 | 232 | 234 | 234 | 236 | 238 | 239 | 241 | 245 | 249 | 253 | 255 | 257 | 264 | 266 | 268 | 273 | 276 | 277 |
Shares Outstanding (Diluted) | 231 | 232 | 233 | 234 | 235 | 237 | 239 | 240 | 242 | 246 | 250 | 254 | 256 | 258 | 265 | 267 | 269 | 274 | 277 | 278 |
Shares Change (YoY) | -1.79% | -2.15% | -2.43% | -2.21% | -2.61% | -3.70% | -4.64% | -5.52% | -5.51% | -4.72% | -5.62% | -4.91% | -5.01% | -5.83% | -4.40% | -4.20% | -3.86% | -2.38% | -1.18% | -0.85% |
EPS (Basic) | 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 | 6.54 |
EPS (Diluted) | 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 | 6.52 |
EPS Growth | -11.54% | 161.26% | 2.21% | -78.69% | 13.93% | -70.71% | 1.04% | 3.32% | -3.33% | 2.43% | 0.30% | 471.55% | 2.64% | -0.94% | 203.62% | -82.21% | -1.83% | 17.09% | -63.47% | 12.61% |
Free Cash Flow | -291 | 2,756 | 3,347 | -150 | 955 | 441 | 2,083 | 1,506 | 1,257 | 1,661 | 2,527 | 771 | 1,270 | 1,235 | 2,728 | 1,027 | 1,142 | 3,661 | 1,621 | 950 |
Free Cash Flow Growth | - | 524.94% | 60.68% | - | -24.02% | -73.45% | -17.57% | 95.33% | -1.02% | 34.49% | -7.37% | -24.93% | 11.21% | -66.27% | 68.29% | 8.11% | -22.15% | 237.42% | 10.12% | -48.34% |
Free Cash Flow Per Share | -1.26 | 11.88 | 14.38 | -0.64 | 4.06 | 1.86 | 8.73 | 6.29 | 5.20 | 6.75 | 10.10 | 3.04 | 4.97 | 4.78 | 10.29 | 3.85 | 4.24 | 13.35 | 5.85 | 3.41 |
Dividends Per Share | 3.450 | 3.450 | 3.300 | 3.300 | 3.300 | 3.300 | 3.150 | 3.150 | 3.150 | 3.150 | 3.000 | 3.000 | 3.000 | 3.000 | 2.800 | 2.800 | 2.800 | 2.800 | 2.600 | 2.600 |
Dividend Growth | 4.54% | 4.54% | 4.76% | 4.76% | 4.76% | 4.76% | 5.00% | 5.00% | 5.00% | 5.00% | 7.14% | 7.14% | 7.14% | 7.14% | 7.69% | 7.69% | 7.69% | 7.69% | 8.33% | 8.33% |
Gross Margin | 11.53% | 11.43% | 12.04% | 4.04% | 12.93% | 3.71% | 12.38% | 11.75% | 11.59% | 12.16% | 12.13% | 12.52% | 13.53% | 12.12% | 12.78% | 12.66% | 12.76% | 13.66% | 14.36% | 12.63% |
Operating Margin | 11.45% | 11.47% | 12.25% | 4.12% | 13.20% | 3.74% | 12.51% | 11.85% | 11.80% | 12.15% | 12.10% | 12.79% | 13.47% | 12.07% | 13.02% | 12.71% | 12.92% | 13.85% | 14.31% | 12.87% |
Profit Margin | 8.26% | 6.61% | 8.70% | 1.88% | 9.53% | 2.83% | 9.49% | 9.06% | 8.99% | 9.89% | 9.98% | 10.07% | 11.17% | 10.07% | 10.72% | 2.00% | 11.58% | 11.56% | 3.83% | 10.66% |
FCF Margin | -1.61% | 13.56% | 17.99% | -0.83% | 5.32% | 2.37% | 12.18% | 8.31% | 7.31% | 8.80% | 14.97% | 4.62% | 8.40% | 6.50% | 16.45% | 6.65% | 7.63% | 20.65% | 10.11% | 5.58% |
EBITDA | 2,461 | 2,794 | 2,708 | 1,147 | 2,769 | 1,155 | 2,530 | 2,507 | 2,380 | 2,714 | 2,392 | 2,469 | 2,362 | 2,732 | 2,452 | 2,306 | 2,262 | 2,820 | 2,623 | 2,526 |
EBITDA Margin | 13.66% | 13.75% | 14.55% | 6.32% | 15.42% | 6.20% | 14.79% | 13.83% | 13.84% | 14.38% | 14.17% | 14.79% | 15.62% | 14.39% | 14.79% | 14.93% | 15.12% | 15.91% | 16.37% | 14.83% |
EBIT | 2,063 | 2,331 | 2,280 | 748 | 2,372 | 696 | 2,140 | 2,148 | 2,029 | 2,293 | 2,042 | 2,135 | 2,037 | 2,293 | 2,159 | 1,963 | 1,933 | 2,455 | 2,294 | 2,192 |
EBIT Margin | 11.45% | 11.47% | 12.25% | 4.12% | 13.20% | 3.74% | 12.51% | 11.85% | 11.80% | 12.15% | 12.10% | 12.79% | 13.47% | 12.07% | 13.02% | 12.71% | 12.92% | 13.85% | 14.31% | 12.87% |
Effective Tax Rate | 16.12% | 12.21% | 16.46% | 17.99% | 15.91% | -1.54% | 15.38% | 15.76% | 15.80% | 13.01% | 13.77% | 16.20% | 15.30% | 12.69% | 15.29% | 6.36% | 15.91% | 17.71% | 9.57% | 16.36% |