LMT · Lockheed Martin Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.02B | - | $18.61B | $18.16B | $17.96B | - | $17.10B | $18.12B | $17.20B | - |
| Cost of Revenue | $15.94B | - | $16.37B | $17.42B | $15.64B | - | $14.99B | $15.99B | $15.20B | - |
| Gross Profit | $2.08B | - | $2.24B | $734.00M | $2.32B | - | $2.12B | $2.13B | $1.99B | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $2.06B | - | $2.28B | $748.00M | $2.37B | - | $2.14B | $2.15B | $2.03B | - |
| Interest Expense | $269.00M | - | $286.00M | $274.00M | $255.00M | - | $256.00M | $261.00M | $255.00M | - |
| Income Tax | $286.00M | - | $319.00M | $75.00M | $324.00M | - | $295.00M | $307.00M | $290.00M | - |
| Net Income | $1.49B | - | $1.62B | $342.00M | $1.71B | - | $1.62B | $1.64B | $1.54B | - |
| EPS - Basic | $6.47 | - | $6.98 | $1.46 | $7.30 | - | $6.83 | $6.87 | $6.42 | - |
| EPS - Diluted | $6.44 | - | $6.95 | $1.46 | $7.28 | - | $6.80 | $6.85 | $6.39 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.89B | $4.12B | $3.47B | $1.29B | $1.80B | $2.48B | $3.15B | $2.52B | $2.79B | $1.44B |
| Accounts Receivable | $2.32B | $3.90B | $3.84B | $3.31B | $2.02B | $2.35B | $2.14B | $2.93B | $2.26B | $2.13B |
| Inventory | $4.25B | $3.52B | $3.75B | $3.70B | $3.60B | $3.47B | $3.23B | $3.10B | $3.28B | $3.13B |
| Accounts Payable | $4.71B | $3.63B | $3.83B | $3.65B | $3.82B | $2.22B | $3.22B | $3.28B | $3.52B | $2.31B |
| Current Assets | $25.08B | $25.36B | $25.94B | $23.99B | $22.80B | $21.85B | $23.21B | $22.97B | $22.96B | $20.52B |
| Total Assets | $59.24B | $59.84B | $60.28B | $58.87B | $56.67B | $55.62B | $55.52B | $55.08B | $54.96B | $52.46B |
| Current Liabilities | $22.09B | $23.34B | $22.97B | $24.35B | $21.19B | $19.42B | $17.81B | $18.49B | $17.70B | $16.94B |
| Long-term Debt | $20.53B | $20.53B | $20.52B | $18.52B | $18.66B | $19.63B | $19.18B | $19.11B | $19.25B | $17.29B |
| Total Liabilities | $51.75B | $53.12B | $54.09B | $53.54B | $49.99B | $49.28B | $48.32B | $48.90B | $48.31B | $45.62B |
| Stockholders' Equity | $7.49B | $6.72B | $6.18B | $5.33B | $6.68B | $6.33B | $7.20B | $6.17B | $6.65B | $6.83B |
| Retained Earnings | $14.72B | $14.03B | $14.05B | $13.26B | $14.77B | $14.55B | $15.66B | $14.71B | $15.22B | $15.40B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $220.00M | - | - | - | $1.41B | - | - | - | $1.64B | - |
| Investing Cash Flow | ($541.00M) | - | - | - | ($430.00M) | - | - | - | ($372.00M) | - |
| Financing Cash Flow | ($1.91B) | - | - | - | ($1.66B) | - | - | - | $85.00M | - |
| CapEx | $511.00M | - | - | - | $454.00M | - | - | - | $378.00M | - |
| Free Cash Flow | ($291.00M) | - | - | - | $955.00M | - | - | - | $1.26B | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 11.5% | - | 12.0% | 4.0% | 12.9% | - | 12.4% | 11.8% | 11.6% | - |
| Operating margin | 11.4% | - | 12.3% | 4.1% | 13.2% | - | 12.5% | 11.9% | 11.8% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 8.3% | - | 8.7% | 1.9% | 9.5% | - | 9.5% | 9.1% | 9.0% | - |
| Free cash flow margin | -1.6% | - | - | - | 5.3% | - | - | - | 7.3% | - |
| FCF / Net income | -0.20 | - | - | - | 0.56 | - | - | - | 0.81 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 16.1% | - | 16.5% | 18.0% | 15.9% | - | 15.4% | 15.8% | 15.8% | - |
| Return on assets | 2.5% | - | 2.7% | 0.6% | 3.0% | - | 2.9% | 3.0% | 2.8% | - |
| Return on equity | 19.9% | - | 26.2% | 6.4% | 25.6% | - | 22.5% | 26.6% | 23.2% | - |
| Return on invested capital | 6.2% | - | 7.1% | 2.6% | 7.9% | - | 6.9% | 7.2% | 6.6% | - |
| Liquidity | ||||||||||
| Current ratio | 1.14 | 1.09 | 1.13 | 0.98 | 1.08 | 1.13 | 1.30 | 1.24 | 1.30 | 1.21 |
| Quick ratio | 0.94 | 0.94 | 0.97 | 0.83 | 0.91 | 0.95 | 1.12 | 1.07 | 1.11 | 1.03 |
| Cash ratio | 0.09 | 0.18 | 0.15 | 0.05 | 0.09 | 0.13 | 0.18 | 0.14 | 0.16 | 0.09 |
| Leverage | ||||||||||
| Debt / Equity | 2.74 | 3.05 | 3.32 | 3.47 | 2.79 | 3.10 | 2.66 | 3.10 | 2.89 | 2.53 |
| Debt / Assets | 0.35 | 0.34 | 0.34 | 0.31 | 0.33 | 0.35 | 0.35 | 0.35 | 0.35 | 0.33 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 7.7x | - | 8.0x | 2.7x | 9.3x | - | 8.4x | 8.2x | 8.0x | - |
| Equity multiplier | 7.91 | 8.90 | 9.75 | 11.04 | 8.48 | 8.78 | 7.71 | 8.92 | 8.27 | 7.67 |
| Liabilities / Assets | 0.87 | 0.89 | 0.90 | 0.91 | 0.88 | 0.89 | 0.87 | 0.89 | 0.88 | 0.87 |
| Efficiency | ||||||||||
| Asset turnover | 0.30 | - | 0.31 | 0.31 | 0.32 | - | 0.31 | 0.33 | 0.31 | - |
| Inventory turnover | 3.75 | - | 4.37 | 4.71 | 4.35 | - | 4.63 | 5.16 | 4.64 | - |
| Days sales outstanding | 47d | - | 75d | 66d | 41d | - | 46d | 59d | 48d | - |
| Days inventory outstanding | 97d | - | 84d | 78d | 84d | - | 79d | 71d | 79d | - |
| Days payable outstanding | 108d | - | 85d | 77d | 89d | - | 78d | 75d | 85d | - |
| Cash conversion cycle | 37d | - | 74d | 67d | 36d | - | 46d | 55d | 42d | - |
| Valuation | ||||||||||
| P / E | 95.6x | - | 70.1x | 314.1x | 60.6x | - | 85.6x | 68.2x | 71.2x | - |
| P / B | 19.0x | - | 18.4x | 20.1x | 15.5x | - | 19.3x | 18.1x | 16.5x | - |
| P / S | 7.9x | - | 6.1x | 5.9x | 5.8x | - | 8.1x | 6.2x | 6.4x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 0.3% | - | 8.8% | 0.2% | 4.5% | - | 1.3% | 8.6% | 13.7% | - |
| Revenue CAGR (3y) | 6.0% | - | 3.9% | 5.5% | 6.3% | - | 2.2% | 2.1% | 1.9% | - |
| Revenue CAGR (5y) | 2.1% | - | 2.4% | 2.3% | 2.8% | - | 2.4% | 4.7% | 3.7% | - |
| Gross profit growth (YoY) | -10.5% | - | 5.8% | -65.5% | 16.6% | - | 3.4% | 1.9% | -2.6% | - |
| Operating income growth (YoY) | -13.0% | - | 6.5% | -65.2% | 16.9% | - | 4.8% | 0.6% | -0.4% | - |
| Net income growth (YoY) | -13.1% | - | -0.2% | -79.2% | 10.8% | - | -3.6% | -2.4% | -8.5% | - |
| EPS growth (YoY) | -11.5% | - | 2.2% | -78.7% | 13.9% | - | 1.0% | 3.3% | -3.3% | - |
| EPS CAGR (3y) | -0.9% | - | 1.2% | 8.0% | 4.2% | - | 45.4% | 1.7% | -0.9% | - |
| EPS CAGR (5y) | -0.4% | - | 2.8% | -24.1% | 3.7% | - | 3.7% | 6.5% | 1.3% | - |
| FCF growth (YoY) | - | - | - | - | -24.0% | - | - | - | -1.0% | - |
| FCF CAGR (5y) | - | - | - | - | -13.9% | - | - | - | -1.8% | - |
| Book value growth (YoY) | 12.1% | 6.1% | -14.2% | -13.6% | 0.5% | -7.3% | -22.4% | -33.2% | -31.1% | -26.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$75.05B totalAeronautics$30.26B · 40.3%
Rotary And Mission Systems$17.31B · 23.1%
Missiles And Fire Control$14.45B · 19.3%
Space$13.03B · 17.4%
Product / service
$75.05B totalProduct$62.65B · 83.5%
Service$12.39B · 16.5%
Geographic
$30.26B totalUS$19.34B · 63.9%
Europe$5.57B · 18.4%
Asia Pacific$3.83B · 12.6%
Other Region$935.00M · 3.1%
Middle East$589.00M · 1.9%
Peer comparison
Same SIC group: Guided Missiles & Space Vehicles & Parts
Comparing LOCKHEED MARTIN CORP against the 5 most active filers in the same SIC group.
Dividends
$13.65/share trailing 12 months · +4.6% YoY
| Ex-date | Per share |
|---|---|
| Jun 1, 2026 | $3.4500 |
| Mar 2, 2026 | $3.4500 |
| Dec 1, 2025 | $3.4500 |
| Sep 2, 2025 | $3.3000 |
| Jun 2, 2025 | $3.3000 |
| Mar 3, 2025 | $3.3000 |
| Dec 2, 2024 | $3.3000 |
| Sep 3, 2024 | $3.1500 |
| Jun 3, 2024 | $3.1500 |
| Feb 29, 2024 | $3.1500 |
| Nov 30, 2023 | $3.1500 |
| Aug 31, 2023 | $3.0000 |
| May 31, 2023 | $3.0000 |
| Feb 28, 2023 | $3.0000 |
| Nov 30, 2022 | $3.0000 |
| Aug 31, 2022 | $2.8000 |
| May 31, 2022 | $2.8000 |
| Feb 28, 2022 | $2.8000 |
| Nov 30, 2021 | $2.8000 |
| Aug 31, 2021 | $2.6000 |
| May 28, 2021 | $2.6000 |
| Feb 26, 2021 | $2.6000 |
| Nov 30, 2020 | $2.6000 |
| Aug 31, 2020 | $2.4000 |