Lockheed Martin Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 29, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	75,106	75,048	71,043	67,571	65,984	67,044
Revenue Growth (YoY)	4.59%	5.64%	5.14%	2.40%	-1.58%	2.52%
Cost of Revenue	52,435	68,359	65,069	60,233	58,609	59,451
Gross Profit	7,374	7,619	6,930	8,479	8,287	9,061
Other Operating Expenses	778	1,062	1,130	1,325	1,112	1,540
Total Operating Expenses	778	1,062	1,130	1,325	1,112	1,540
Operating Income	7,422	7,731	7,013	8,507	8,348	9,123
Interest Expense	-1,119	-1,118	-1,036	-916	-623	-569
Other Non-Operating Income (Expense)	-237	-579	326	535	-984	-942
Total Non-Operating Income (Expense)	-1,356	-1,697	-710	-381	-1,607	-1,511
Pretax Income	5,660	5,922	6,220	8,098	6,680	7,550
Provision for Income Taxes	867	905	884	1,178	948	1,235
Net Income	4,793	5,017	5,336	6,920	5,732	6,315
Net Income to Common	4,793	5,017	5,336	6,920	5,732	6,315
Net Income Growth	-12.90%	-5.98%	-22.89%	20.73%	-9.23%	-7.58%
Shares Outstanding (Basic)	232	233	238	250	264	276
Shares Outstanding (Diluted)	233	234	239	251	265	277
Shares Change (YoY)	-2.15%	-2.38%	-4.78%	-5.06%	-4.61%	-1.35%
EPS (Basic)	20.73	21.56	22.39	27.65	21.74	22.85
EPS (Diluted)	20.65	21.49	22.31	27.55	21.66	22.76
EPS Growth	-10.80%	-3.67%	-19.02%	27.19%	-4.83%	-6.34%
Shares Outstanding	230.08	229	234	242	254	271
Free Cash Flow	5,662	6,908	5,287	6,229	6,132	7,699
Free Cash Flow Growth	-18.04%	30.66%	-15.12%	1.58%	-20.35%	19.98%
Free Cash Flow Per Share	24.35	29.58	22.10	24.80	23.17	27.75
Dividends Per Share	10.050	13.350	12.750	12.150	11.400	10.600
Dividend Growth	-24.72%	4.71%	4.94%	6.58%	7.55%	8.16%
Gross Margin	9.82%	10.15%	9.75%	12.55%	12.56%	13.51%
Operating Margin	9.88%	10.30%	9.87%	12.59%	12.65%	13.61%
Profit Margin	6.38%	6.69%	7.51%	10.24%	8.69%	9.42%
FCF Margin	7.54%	9.20%	7.44%	9.22%	9.29%	11.48%
EBITDA	9,110	9,418	8,572	9,937	9,752	10,487
EBITDA Margin	12.13%	12.55%	12.07%	14.71%	14.78%	15.64%
EBIT	7,422	7,731	7,013	8,507	8,348	9,123
EBIT Margin	9.88%	10.30%	9.87%	12.59%	12.65%	13.61%
Effective Tax Rate	15.32%	15.28%	14.21%	14.55%	14.19%	16.36%

Updated Apr 23, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q