Lockheed Martin Corporation (LMT)
NYSE: LMT · Real-Time Price · USD
607.17
+13.43 (2.26%)
At close: Aug 18, 2026, 4:00 PM EDT
608.00
+0.83 (0.14%)
After-hours: Aug 18, 2026, 4:51 PM EDT
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 | Jun '26 Jun 28, 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 |
| 77,014 | 75,048 | 71,043 | 67,571 | 65,984 | 67,044 | |
Revenue Growth | 7.20% | 5.64% | 5.14% | 2.40% | -1.58% | 2.52% |
Cost of Revenue | 67,928 | 67,363 | 64,026 | 59,000 | 57,597 | 57,947 |
Gross Profit | 9,086 | 7,685 | 7,017 | 8,571 | 8,387 | 9,097 |
Selling, General & Admin | 741 | 778 | -137 | -499 | 865 | 1,241 |
Other Operating Expenses | -39 | -84 | -27 | 12 | 53 | 35 |
Operating Expenses | 702 | 694 | -164 | -487 | 918 | 1,276 |
Operating Income | 8,384 | 6,991 | 7,181 | 9,058 | 7,469 | 7,821 |
Interest Expense | -1,111 | -1,118 | -1,036 | -916 | -623 | -569 |
Earnings From Equity Investments | 28 | 28 | 56 | 40 | 114 | 97 |
Other Non Operating Income (Expenses) | 65 | 32 | 84 | 72 | -66 | -28 |
EBT Excluding Unusual Items | 7,366 | 5,933 | 6,285 | 8,254 | 6,894 | 7,321 |
Merger & Restructuring Charges | - | - | - | -92 | -100 | -36 |
Gain (Loss) on Sale of Investments | 55 | 55 | 22 | -64 | -114 | 265 |
Asset Writedown | - | -66 | -87 | - | - | - |
Pretax Income | 7,421 | 5,922 | 6,220 | 8,098 | 6,680 | 7,550 |
Income Tax Expense | 1,134 | 905 | 884 | 1,178 | 948 | 1,235 |
Earnings From Continuing Operations | 6,287 | 5,017 | 5,336 | 6,920 | 5,732 | 6,315 |
Net Income | 6,287 | 5,017 | 5,336 | 6,920 | 5,732 | 6,315 |
Net Income to Common | 6,287 | 5,017 | 5,336 | 6,920 | 5,732 | 6,315 |
Net Income Growth | 49.55% | -5.98% | -22.89% | 20.73% | -9.23% | -7.58% |
Shares Outstanding (Basic) | 231 | 233 | 238 | 250 | 264 | 276 |
Shares Outstanding (Diluted) | 232 | 234 | 239 | 251 | 265 | 277 |
Shares Change | -1.97% | -2.38% | -4.78% | -5.06% | -4.61% | -1.35% |
EPS (Basic) | 27.25 | 21.56 | 22.39 | 27.65 | 21.74 | 22.85 |
EPS (Diluted) | 27.14 | 21.49 | 22.31 | 27.55 | 21.66 | 22.76 |
EPS Growth | 52.49% | -3.67% | -19.02% | 27.19% | -4.83% | -6.35% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 28, 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 |
Free Cash Flow | 8,729 | 6,908 | 5,287 | 6,229 | 6,132 | 7,699 |
Free Cash Flow Per Share | 37.68 | 29.59 | 22.10 | 24.80 | 23.18 | 27.75 |
Dividend Per Share | 13.650 | 13.350 | 12.750 | 12.150 | 11.400 | 10.600 |
Dividend Growth | 4.60% | 4.71% | 4.94% | 6.58% | 7.55% | 8.16% |
Gross Margin | 11.80% | 10.24% | 9.88% | 12.68% | 12.71% | 13.57% |
Operating Margin | 10.89% | 9.31% | 10.11% | 13.41% | 11.32% | 11.67% |
Profit Margin | 8.16% | 6.69% | 7.51% | 10.24% | 8.69% | 9.42% |
Free Cash Flow Margin | 11.33% | 9.21% | 7.44% | 9.22% | 9.29% | 11.48% |
EBITDA | 9,680 | 8,285 | 8,394 | 10,225 | 8,620 | 9,010 |
EBITDA Margin | 12.57% | 11.04% | 11.82% | 15.13% | 13.06% | 13.44% |
D&A For EBITDA | 1,296 | 1,294 | 1,213 | 1,167 | 1,151 | 1,189 |
EBIT | 8,384 | 6,991 | 7,181 | 9,058 | 7,469 | 7,821 |
EBIT Margin | 10.89% | 9.31% | 10.11% | 13.41% | 11.32% | 11.67% |
Effective Tax Rate | 15.28% | 15.28% | 14.21% | 14.55% | 14.19% | 16.36% |
Revenue as Reported | 77,014 | 75,048 | 71,043 | 67,571 | 65,984 | 67,044 |