Lockheed Martin Corp (LMT) Financial Statements
Industry: Guided Missiles & Space Vehicles & Parts
In fiscal 2025, Lockheed Martin reported revenue of $75.05B, up 5.6% from $71.04B the year before. Net income was $5.02B (a 6.7% net margin), or $21.49 per diluted share. Gross margin was 10.2% and operating margin was 10.3%. Operating activities generated $8.56B of cash, leaving $6.91B of free cash flow. At fiscal year end, Lockheed Martin held $59.84B in total assets against $53.12B in total liabilities, including $4.12B of cash and equivalents.
Open the full interactive Lockheed Martin financials → Quarterly statements, key ratios, valuation history and price charts.
Lockheed Martin Key Stats
| Share Price | $504.02 |
|---|---|
| Market Cap | $116.48B |
| P/E Ratio | 23.5 |
| Revenue YoY Growth | +5.6% |
| 52-Week Range | $431.38 – $668.17 |
| Shares Outstanding | 230.2 million (basic, 2026 Q2) |
Lockheed Martin Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $65.40B | $67.04B | $65.98B | $67.57B | $71.04B | $75.05B |
| Cost of Goods Sold | $56.74B | $57.98B | $49.58B | $50.21B | $54.85B | $57.02B |
| Gross Profit | $8.65B | $9.06B | $8.29B | $8.48B | $6.93B | $7.62B |
| Operating Income | $8.64B | $9.12B | $8.35B | $8.51B | $7.01B | $7.73B |
| Pre-Tax Income | $8.23B | $7.55B | $6.68B | $8.10B | $6.22B | $5.92B |
| Income Tax | $1.35B | $1.24B | $948.0M | $1.18B | $884.0M | $905.0M |
| Net Income | $6.83B | $6.32B | $5.73B | $6.92B | $5.34B | $5.02B |
| Diluted EPS | $24.30 | $22.76 | $21.66 | $27.55 | $22.31 | $21.49 |
Lockheed Martin Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $18.61B | $20.32B | $18.02B | $20.06B |
| Net Income | $1.62B | $1.34B | $1.49B | $1.84B |
| Diluted EPS | $6.95 | $5.76 | $6.44 | $7.94 |
Lockheed Martin Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.16B | $3.60B | $2.55B | $1.44B | $2.48B | $4.12B |
| Current Assets | $19.38B | $19.82B | $20.99B | $20.52B | $21.85B | $25.36B |
| Total Assets | $50.71B | $50.87B | $52.88B | $52.46B | $55.62B | $59.84B |
| Current Liabilities | $13.93B | $14.00B | $15.89B | $16.94B | $19.42B | $23.34B |
| Total Long-Term Debt | $12.17B | $11.68B | $15.55B | $17.46B | $20.27B | $21.70B |
| Total Liabilities | $44.67B | $39.91B | $43.61B | $45.62B | $49.28B | $53.12B |
| Shareholders' Equity | $6.01B | $10.96B | $9.27B | $6.83B | $6.33B | $6.72B |
Lockheed Martin Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $8.18B | $9.22B | $7.80B | $7.92B | $6.97B | $8.56B |
| Cash From Investing | -$2.01B | -$1.16B | -$1.79B | -$1.69B | -$1.79B | -$1.98B |
| Cash From Financing | -$4.53B | -$7.62B | -$7.07B | -$7.33B | -$4.14B | -$4.94B |
| Free Cash Flow | $6.42B | $7.70B | $6.13B | $6.23B | $5.29B | $6.91B |
Figures from Lockheed Martin's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Lockheed Martin financials page for every line item.
Lockheed Martin Company Profile
| Ticker | LMT |
|---|---|
| Exchange | NYSE |
| Industry | Guided Missiles & Space Vehicles & Parts |
| Headquarters | Bethesda, Maryland |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000936468 |
Frequently Asked Questions
What was Lockheed Martin's revenue in fiscal 2025?
Lockheed Martin (LMT) reported revenue of $75.05B for fiscal 2025.
What is Lockheed Martin's annual revenue history?
Lockheed Martin's annual revenue by fiscal year: 2020: $65.40B; 2021: $67.04B; 2022: $65.98B; 2023: $67.57B; 2024: $71.04B; 2025: $75.05B.
What was Lockheed Martin's net income in fiscal 2025?
Lockheed Martin reported net income of $5.02B for fiscal 2025.
What was Lockheed Martin's earnings per share (EPS) in fiscal 2025?
Lockheed Martin's diluted EPS was $21.49 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Lockheed Martin generate in fiscal 2025?
Lockheed Martin generated $6.91B of free cash flow in fiscal 2025.
What was Lockheed Martin's revenue last quarter?
In its most recent reported quarter (2026 Q2), Lockheed Martin reported revenue of $20.06B.
How much debt does Lockheed Martin have?
Lockheed Martin reported $21.70B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Lockheed Martin are outstanding?
Lockheed Martin reported a weighted average of 230.2 million basic shares outstanding in 2026 Q2.
What is Lockheed Martin's market cap?
Based on its latest closing price, Lockheed Martin (LMT) has a market capitalization of about $116.48B.
When does Lockheed Martin's fiscal year end?
Lockheed Martin's fiscal year end, as registered with the SEC, is December 31.
Where is Lockheed Martin headquartered?
Lockheed Martin lists its business address in Bethesda, Maryland in its SEC filings.