Lockheed Martin Corporation (LMT)
NYSE: LMT · Real-Time Price · USD
580.93
+0.92 (0.16%)
Jul 28, 2026, 11:36 AM EDT - Market open
Lockheed Martin Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q2 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 28, 2026 | 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 |
| 77,014 | 75,106 | 75,048 | 73,349 | 71,844 | 71,811 | 71,043 | 71,295 | 71,069 | 69,640 | 67,571 | 67,688 | 67,393 | 66,146 | 65,984 | 64,722 | 64,167 | 65,750 | 67,044 | 66,347 | |
Revenue Growth (YoY) | 7.20% | 4.59% | 5.64% | 2.88% | 1.09% | 3.12% | 5.14% | 5.33% | 5.46% | 5.28% | 2.40% | 4.58% | 5.03% | 0.60% | -1.58% | -2.45% | -3.96% | -0.39% | 2.52% | 3.27% |
Cost of Revenue | 67,928 | 67,732 | 67,429 | 67,362 | 65,980 | 64,551 | 64,113 | 62,760 | 62,424 | 61,122 | 59,092 | 59,102 | 58,735 | 57,622 | 57,697 | 56,030 | 55,293 | 56,681 | 57,983 | 57,494 |
Gross Profit | 9,086 | 7,374 | 7,619 | 5,987 | 5,864 | 7,260 | 6,930 | 8,535 | 8,466 | 8,426 | 8,479 | 8,486 | 8,558 | 8,424 | 8,287 | 8,407 | 8,589 | 8,784 | 9,061 | 8,853 |
Other Operating Expenses | -67 | -48 | -112 | -109 | -92 | -96 | -83 | -75 | -46 | -73 | -28 | - | - | - | -61 | - | - | - | -62 | - |
Total Operating Expenses | -67 | -48 | -112 | -109 | -92 | -96 | -83 | -75 | -46 | -73 | -28 | 0 | 0 | 0 | -61 | 0 | 0 | 0 | -62 | 0 |
Operating Income | 9,153 | 7,422 | 7,731 | 6,096 | 5,956 | 7,356 | 7,013 | 8,610 | 8,512 | 8,499 | 8,507 | 8,507 | 8,624 | 8,452 | 8,348 | 8,510 | 8,645 | 8,874 | 9,123 | 8,957 |
Interest Expense | -1,111 | -1,119 | -1,118 | -1,092 | -1,062 | -1,049 | -1,036 | -1,026 | -1,007 | -969 | -916 | -864 | -772 | -690 | -623 | -567 | -563 | -564 | -569 | -572 |
Other Non-Operating Income (Expense) | 56 | 34 | -888 | -291 | -35 | 83 | 274 | 293 | 154 | 76 | 507 | 500 | 437 | -1,149 | -1,045 | -963 | -2,522 | 429 | -910 | 192 |
Total Non-Operating Income (Expense) | -1,055 | -1,085 | -2,006 | -1,383 | -1,097 | -966 | -762 | -733 | -853 | -893 | -409 | -364 | -335 | -1,839 | -1,668 | -1,530 | -3,085 | -135 | -1,479 | -380 |
Pretax Income | 7,421 | 5,660 | 5,922 | 4,910 | 4,890 | 6,421 | 6,220 | 7,846 | 7,881 | 7,939 | 8,098 | 8,143 | 8,289 | 6,613 | 6,680 | 6,980 | 5,560 | 7,400 | 7,550 | 7,247 |
Provision for Income Taxes | 1,134 | 867 | 905 | 710 | 686 | 918 | 884 | 1,171 | 1,145 | 1,163 | 1,178 | 1,177 | 1,229 | 925 | 948 | 1,111 | 855 | 1,189 | 1,235 | 1,189 |
Net Income | 6,287 | 4,793 | 5,017 | 4,200 | 4,204 | 5,503 | 5,336 | 6,675 | 6,736 | 6,776 | 6,920 | 6,966 | 7,060 | 5,688 | 5,732 | 5,869 | 4,705 | 6,211 | 6,315 | 6,058 |
Net Income to Common | 6,287 | 4,793 | 5,017 | 4,200 | 4,204 | 5,503 | 5,336 | 6,675 | 6,736 | 6,776 | 6,920 | 6,966 | 7,060 | 5,688 | 5,732 | 5,869 | 4,705 | 6,211 | 6,315 | 6,058 |
Net Income Growth (YoY) | 49.55% | -12.90% | -5.98% | -37.08% | -37.59% | -18.79% | -22.89% | -4.18% | -4.59% | 19.13% | 20.73% | 18.69% | 50.05% | -8.42% | -9.23% | -3.12% | -34.12% | -10.67% | -7.58% | -7.36% |
Shares Outstanding (Basic) | 231 | 232 | 233 | 234 | 235 | 237 | 238 | 241 | 244 | 247 | 250 | 253 | 257 | 260 | 264 | 268 | 271 | 274 | 276 | 278 |
Shares Outstanding (Diluted) | 232 | 233 | 234 | 235 | 236 | 238 | 239 | 241 | 244 | 248 | 251 | 254 | 258 | 261 | 265 | 269 | 272 | 275 | 277 | 279 |
Shares Change (YoY) | -1.94% | -2.15% | -2.38% | -2.74% | -3.30% | -4.13% | -4.78% | -5.10% | -5.34% | -5.19% | -5.06% | -5.35% | -5.04% | -4.86% | -4.61% | -3.71% | -2.90% | -2.07% | -1.35% | -0.94% |
EPS (Basic) | 27.25 | 20.73 | 21.56 | 17.97 | 17.82 | 23.23 | 22.39 | 27.73 | 27.65 | 27.43 | 27.65 | 27.47 | 27.45 | 21.96 | 21.74 | 21.85 | 17.34 | 22.72 | 22.85 | 21.75 |
EPS (Diluted) | 27.13 | 20.65 | 21.49 | 17.91 | 17.76 | 23.15 | 22.31 | 27.62 | 27.55 | 27.33 | 27.55 | 27.37 | 27.35 | 21.88 | 21.66 | 21.78 | 17.28 | 22.64 | 22.76 | 21.67 |
EPS Growth (YoY) | 52.76% | -10.80% | -3.67% | -35.16% | -35.53% | -15.29% | -19.02% | 0.91% | 0.73% | 24.91% | 27.19% | 25.67% | 58.27% | -3.36% | -4.83% | 0.51% | -32.26% | -8.64% | -6.34% | -6.64% |
Additional Metrics
Fiscal Quarter | Q2 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 28, 2026 | 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 |
Free Cash Flow | 8,729 | 5,662 | 6,908 | 4,593 | 3,329 | 4,985 | 5,287 | 6,507 | 6,951 | 6,216 | 6,229 | 5,803 | 6,004 | 6,260 | 6,132 | 8,558 | 7,451 | 7,374 | 7,699 | 5,123 |
Free Cash Flow Growth (YoY) | 162.21% | 13.58% | 30.66% | -29.41% | -52.11% | -19.80% | -15.12% | 12.13% | 15.77% | -0.70% | 1.58% | -32.19% | -19.42% | -15.11% | -20.35% | 67.05% | 49.80% | 25.77% | 19.98% | -17.09% |
Free Cash Flow Per Share | 37.67 | 24.35 | 29.58 | 19.56 | 14.09 | 20.98 | 22.10 | 26.95 | 28.44 | 25.08 | 24.80 | 22.81 | 23.26 | 23.94 | 23.17 | 31.83 | 27.41 | 26.83 | 27.75 | 18.35 |
Dividends Per Share | 13.650 | 13.500 | 13.350 | 13.200 | 13.050 | 12.900 | 12.750 | 12.600 | 12.450 | 12.300 | 12.150 | 12.000 | 11.800 | 11.600 | 11.400 | 11.200 | 11.000 | 10.800 | 10.600 | 10.400 |
Dividend Growth (YoY) | 4.60% | 4.65% | 4.71% | 4.76% | 4.82% | 4.88% | 4.94% | 5.00% | 5.51% | 6.03% | 6.58% | 7.14% | 7.27% | 7.41% | 7.55% | 7.69% | 7.84% | 8.00% | 8.16% | 8.33% |
Gross Margin | 11.80% | 9.82% | 10.15% | 8.16% | 8.16% | 10.11% | 9.75% | 11.97% | 11.91% | 12.10% | 12.55% | 12.54% | 12.70% | 12.74% | 12.56% | 12.99% | 13.39% | 13.36% | 13.51% | 13.34% |
Operating Margin | 11.88% | 9.88% | 10.30% | 8.31% | 8.29% | 10.24% | 9.87% | 12.08% | 11.98% | 12.20% | 12.59% | 12.57% | 12.80% | 12.78% | 12.65% | 13.15% | 13.47% | 13.50% | 13.61% | 13.50% |
Profit Margin | 8.16% | 6.38% | 6.69% | 5.73% | 5.85% | 7.66% | 7.51% | 9.36% | 9.48% | 9.73% | 10.24% | 10.29% | 10.48% | 8.60% | 8.69% | 9.07% | 7.33% | 9.45% | 9.42% | 9.13% |
FCF Margin | 11.33% | 7.54% | 9.20% | 6.26% | 4.63% | 6.94% | 7.44% | 9.13% | 9.78% | 8.93% | 9.22% | 8.57% | 8.91% | 9.46% | 9.29% | 13.22% | 11.61% | 11.22% | 11.48% | 7.72% |
EBITDA | 10,842 | 9,110 | 9,418 | 7,779 | 7,601 | 8,961 | 8,572 | 10,131 | 9,993 | 9,955 | 9,937 | 9,955 | 10,015 | 9,852 | 9,752 | 9,840 | 10,011 | 10,231 | 10,487 | 10,319 |
EBITDA Margin | 14.08% | 12.13% | 12.55% | 10.61% | 10.58% | 12.48% | 12.07% | 14.21% | 14.06% | 14.29% | 14.71% | 14.71% | 14.86% | 14.89% | 14.78% | 15.20% | 15.60% | 15.56% | 15.64% | 15.55% |
EBIT | 9,153 | 7,422 | 7,731 | 6,096 | 5,956 | 7,356 | 7,013 | 8,610 | 8,512 | 8,499 | 8,507 | 8,507 | 8,624 | 8,452 | 8,348 | 8,510 | 8,645 | 8,874 | 9,123 | 8,957 |
EBIT Margin | 11.88% | 9.88% | 10.30% | 8.31% | 8.29% | 10.24% | 9.87% | 12.08% | 11.98% | 12.20% | 12.59% | 12.57% | 12.80% | 12.78% | 12.65% | 13.15% | 13.47% | 13.50% | 13.61% | 13.50% |
Effective Tax Rate | 15.28% | 15.32% | 15.28% | 14.46% | 14.03% | 14.30% | 14.21% | 14.92% | 14.53% | 14.65% | 14.55% | 14.45% | 14.83% | 13.99% | 14.19% | 15.92% | 15.38% | 16.07% | 16.36% | 16.41% |