Lockheed Martin (LMT) financials
Lockheed Martin revenue and earnings by year
Lockheed Martin's revenue was $75.0 billion in the fiscal year to December 31, 2025, up 5.6% from the year before. Net income was $5.02 billion, 6.7% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 5.3% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 75.0 | 71.0 | 67.6 | 66.0 | 67.0 | 65.4 | 59.8 | 53.8 | 50.0 | 47.3 |
| Revenue growth | 5.6% | 5.1% | 2.4% | -1.6% | 2.5% | 9.3% | 11.3% | 7.6% | 5.6% | — |
| Gross profit | 7.6 | 6.9 | 8.5 | 8.3 | 9.1 | 8.7 | 8.4 | 7.3 | 6.4 | 5.4 |
| Gross margin | 10.2% | 9.8% | 12.5% | 12.6% | 13.5% | 13.2% | 14.0% | 13.5% | 12.8% | 11.4% |
| Operating income | 7.6 | 6.9 | 8.5 | 8.3 | 9.1 | 8.7 | 8.4 | 7.3 | 6.4 | 5.4 |
| Operating margin | 10.2% | 9.8% | 12.5% | 12.6% | 13.5% | 13.2% | 14.0% | 13.5% | 12.8% | 11.4% |
| Net income | 5.0 | 5.3 | 6.9 | 5.7 | 6.3 | 6.8 | 6.2 | 5.0 | 2.0 | 5.2 |
| Net margin | 6.7% | 7.5% | 10.2% | 8.7% | 9.4% | 10.4% | 10.4% | 9.4% | 3.9% | 10.9% |
| Diluted EPS | $21.49 | $22.31 | $27.55 | $21.66 | $22.76 | $24.30 | $21.94 | $17.60 | $6.69 | $17.51 |
| Free cash flow | 6.9 | 5.3 | 6.2 | 6.1 | 7.7 | 6.4 | 5.8 | 1.9 | 5.3 | 4.1 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open LMT in Markets.
How Lockheed Martin makes money
Revenue by segment in the quarter to September 27, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Product | $17.4B | 84.2% |
| Services | $3.28B | 15.8% |
See also: LMT valuation and P/E history · LMT returns
No forecast, no recommendation. This page describes Lockheed Martin from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.