LMT
Lockheed Martin Corporation
NYSE: LMT · INDUSTRIALS · AEROSPACE & DEFENSE
$509.81
-0.48% today
Updated 2026-04-29
Market cap
$119.43B
P/E ratio
25.08
P/S ratio
1.59x
EPS (TTM)
$20.65
Dividend yield
2.65%
52W range
$402 – $692
Volume
1.6M
Lockheed Martin Corporation (LMT) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $39.62B | $41.86B | $42.73B | $45.19B | $45.80B | $46.50B | $47.18B | $45.36B | $39.95B | $40.54B | $47.29B | $49.96B | $53.76B | $59.81B | $65.40B | $67.04B | $65.98B | $67.57B | $71.04B | $75.06B |
| Revenue growth (YoY) | — | +5.7% | +2.1% | +5.8% | +1.4% | +1.5% | +1.5% | -3.9% | -11.9% | +1.5% | +16.7% | +5.6% | +7.6% | +11.3% | +9.3% | +2.5% | -1.6% | +2.4% | +5.1% | +5.7% |
| Cost of revenue | $36.19B | $37.63B | $38.08B | $40.97B | $41.97B | $42.80B | $42.94B | $40.77B | $35.26B | $36.04B | $41.89B | $43.59B | $46.39B | $51.45B | $56.74B | $57.98B | $57.70B | $59.09B | $64.11B | $67.43B |
| Gross profit | $3.43B | $4.23B | $4.65B | $4.22B | $3.84B | $3.70B | $4.24B | $4.58B | $4.68B | $4.49B | $5.40B | $6.37B | $7.37B | $8.37B | $8.65B | $9.06B | $8.29B | $8.48B | $6.93B | $7.62B |
| Gross margin | 8.7% | 10.1% | 10.9% | 9.3% | 8.4% | 8.0% | 9.0% | 10.1% | 11.7% | 11.1% | 11.4% | 12.8% | 13.7% | 14.0% | 13.2% | 13.5% | 12.6% | 12.5% | 9.8% | 10.2% |
| R&D | $1.14B | $1.21B | $698.00M | $724.00M | $638.00M | $585.00M | $616.00M | $697.00M | $751.00M | $817.00M | $988.00M | $1.20B | $1.30B | $1.30B | $1.30B | $1.50B | $1.70B | $1.50B | $1.60B | $2.00B |
| SG&A | — | — | — | $242.00M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $123.00M | $471.00M | $746.00M | $777.00M | $608.00M | — | — | — | — | — | — |
| Operating income | $3.95B | $4.53B | $5.13B | $4.47B | $4.10B | $3.98B | $4.43B | $4.50B | $5.59B | $4.71B | $5.89B | $6.74B | $7.33B | $8.54B | $8.64B | $9.12B | $8.35B | $8.51B | $7.01B | $7.73B |
| Operating margin | 10.0% | 10.8% | 12.0% | 9.9% | 8.9% | 8.6% | 9.4% | 9.9% | 14.0% | 11.6% | 12.5% | 13.5% | 13.6% | 14.3% | 13.2% | 13.6% | 12.7% | 12.6% | 9.9% | 10.3% |
| EBITDA | $4.20B | $5.54B | $5.94B | $5.33B | $5.17B | $4.99B | $5.44B | $5.50B | $6.01B | $5.77B | $6.63B | $7.09B | $7.67B | $9.08B | $10.12B | $9.48B | $8.71B | $8.51B | $8.82B | $7.75B |
| EBITDA margin | 10.6% | 13.2% | 13.9% | 11.8% | 11.3% | 10.7% | 11.5% | 12.1% | 15.0% | 14.2% | 14.0% | 14.2% | 14.3% | 15.2% | 15.5% | 14.1% | 13.2% | 12.6% | 12.4% | 10.3% |
| EBIT | $3.43B | $4.72B | $5.09B | $4.47B | $4.12B | $3.98B | $4.46B | $4.50B | $5.02B | $4.74B | $5.42B | $5.90B | $6.51B | $7.89B | $8.83B | $8.12B | $7.30B | $8.51B | $7.26B | $7.04B |
| Interest expense | $361.00M | $352.00M | $341.00M | $305.00M | $345.00M | $354.00M | $383.00M | $350.00M | $340.00M | $443.00M | $663.00M | $651.00M | $668.00M | $653.00M | $591.00M | $569.00M | $623.00M | $916.00M | $1.04B | $1.12B |
| Income tax | $1.06B | $1.33B | $1.49B | $1.26B | $1.18B | $964.00M | $1.33B | $1.21B | $1.64B | $1.42B | $1.13B | $3.34B | $792.00M | $1.01B | $1.35B | $1.24B | $948.00M | $-1.18B | $884.00M | $905.00M |
| Effective tax rate | 29.6% | 30.6% | 31.6% | 29.4% | 28.8% | 26.6% | 32.6% | 28.8% | 31.3% | 28.2% | 17.6% | 62.5% | 13.6% | 14.0% | 16.5% | 16.4% | 14.2% | -20.5% | 14.2% | 15.3% |
| Net income | $2.53B | $3.03B | $3.22B | $3.02B | $2.93B | $2.65B | $2.75B | $2.98B | $3.61B | $3.60B | $5.30B | $2.00B | $5.05B | $6.23B | $6.83B | $6.32B | $5.73B | $6.92B | $5.34B | $5.02B |
| Net income growth (YoY) | — | +19.9% | +6.1% | -6.0% | -3.2% | -9.3% | +3.4% | +8.6% | +21.2% | -0.2% | +47.1% | -62.2% | +152.0% | +23.5% | +9.7% | -7.6% | -9.2% | +20.7% | -22.9% | -6.0% |
| Profit margin | 6.4% | 7.2% | 7.5% | 6.7% | 6.4% | 5.7% | 5.8% | 6.6% | 9.0% | 8.9% | 11.2% | 4.0% | 9.4% | 10.4% | 10.4% | 9.4% | 8.7% | 10.2% | 7.5% | 6.7% |