Lockheed Martin Corporation (LMT)

Lockheed Martin Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 29, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	71,844	71,043	67,571	65,984	67,044	65,398
Revenue Growth (YoY)	1.09%	5.14%	2.40%	-1.58%	2.52%	9.34%
Cost of Revenue	65,914	64,026	59,000	57,597	57,947	56,717
Gross Profit	5,930	7,017	8,571	8,387	9,097	8,681
Selling, General & Admin	91	-137	-499	865	1,241	-241
Other Operating Expenses	-56	-27	12	53	35	45
Operating Expenses	35	-164	-487	918	1,276	-196
Operating Income	5,895	7,181	9,058	7,469	7,821	8,877
Interest Expense	-1,062	-1,036	-916	-623	-569	-591
Earnings From Equity Investments	36	56	40	114	97	163
Other Non Operating Income (Expenses)	65	84	72	-66	-28	-59
EBT Excluding Unusual Items	4,934	6,285	8,254	6,894	7,321	8,390
Merger & Restructuring Charges	-	-	-92	-100	-36	-27
Gain (Loss) on Sale of Investments	22	22	-64	-114	265	-128
Asset Writedown	-66	-87	-	-	-	-
Pretax Income	4,890	6,220	8,098	6,680	7,550	8,235
Income Tax Expense	686	884	1,178	948	1,235	1,347
Earnings From Continuing Operations	4,204	5,336	6,920	5,732	6,315	6,888
Earnings From Discontinued Operations	-	-	-	-	-	-55
Net Income	4,204	5,336	6,920	5,732	6,315	6,833
Net Income to Common	4,204	5,336	6,920	5,732	6,315	6,833
Net Income Growth	-37.59%	-22.89%	20.73%	-9.23%	-7.58%	9.68%
Shares Outstanding (Basic)	235	238	250	264	276	280
Shares Outstanding (Diluted)	236	239	251	265	277	281
Shares Change (YoY)	-3.23%	-4.78%	-5.06%	-4.61%	-1.35%	-0.92%
EPS (Basic)	17.86	22.39	27.65	21.74	22.85	24.40
EPS (Diluted)	17.80	22.31	27.55	21.66	22.76	24.30
EPS Growth	-35.47%	-19.02%	27.19%	-4.83%	-6.35%	10.73%
Free Cash Flow	3,329	5,287	6,229	6,132	7,699	6,417
Free Cash Flow Per Share	14.09	22.10	24.80	23.18	27.75	22.82
Dividend Per Share	13.050	12.750	12.150	11.400	10.600	9.800
Dividend Growth	4.82%	4.94%	6.58%	7.55%	8.16%	8.89%
Gross Margin	8.25%	9.88%	12.68%	12.71%	13.57%	13.27%
Operating Margin	8.21%	10.11%	13.41%	11.32%	11.67%	13.57%
Profit Margin	5.85%	7.51%	10.24%	8.69%	9.42%	10.45%
Free Cash Flow Margin	4.63%	7.44%	9.22%	9.29%	11.48%	9.81%
EBITDA	7,194	8,394	10,225	8,620	9,010	10,001
EBITDA Margin	10.01%	11.82%	15.13%	13.06%	13.44%	15.29%
D&A For EBITDA	1,299	1,213	1,167	1,151	1,189	1,124
EBIT	5,895	7,181	9,058	7,469	7,821	8,877
EBIT Margin	8.21%	10.11%	13.41%	11.32%	11.67%	13.57%
Effective Tax Rate	14.03%	14.21%	14.55%	14.19%	16.36%	16.36%
Revenue as Reported	71,844	71,043	67,571	65,984	67,044	65,398

Updated Jul 22, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q