Lockheed Martin LMT financials

Aerospace & Defense ยท Statements and segments from its SEC filings, 2007 to 2025.

Lockheed Martin revenue, gross and operating margin, net income, free cash flow, cash and debt by quarter and by fiscal year, and revenue by segment, read from the company's own filings with the US Securities and Exchange Commission. Free to everyone; the Risk & Quality report that scores the company is the paid step.

  • revenue by segment: Aeronautics, RMS, MFC, Space, Space Systems
  • revenue by product: Products, Services
  • revenue by region: United States, Europe, Asia Pacific, Middle East, Other
  • operating income by segment: Aeronautics, MFC, Space, RMS, Space Systems

The numbers

Annual figures

LineFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$47.3B$50B$53.8B$59.8B$65.4B$67B$66B$67.6B$71B$75B
Gross profit$5.4B$6.4B$7.3B$8.4B$8.7B$9.1B$8.3B$8.5B$6.9B$7.6B
Operating income$5.9B$6.7B$7.3B$8.5B$8.6B$9.1B$8.3B$8.5B$7B$7.7B
Net income$5.2B$2B$5B$6.2B$6.8B$6.3B$5.7B$6.9B$5.3B$5B
EPS (diluted)$17.07$6.75$17.59$21.95$24.30$22.76$21.66$27.55$22.31$21.49
Operating cash flow$5.2B$6.5B$3.1B$7.3B$8.2B$9.2B$7.8B$7.9B$7B$8.6B
Free cash flow$4.1B*$5.3B*$1.9B*$5.8B*$6.4B*$7.7B*$6.1B*$6.2B*$5.3B*$6.9B*
Cash & equivalents$1.8B$2.9B$772M$1.5B$3.2B$3.6B$2.5B$1.4B$2.5B$4.1B
Total debt$14.3B$14.3B$14.1B$12.7B$12.2B$11.7B$15.5B$17.5B$20.3B$21.7B
Gross margin11.4%12.8%13.5%14.0%13.2%13.5%12.6%12.5%9.8%10.2%
Operating margin12.5%13.5%13.6%14.3%13.2%13.6%12.7%12.6%9.9%10.3%
Net margin10.9%3.9%9.4%10.4%10.4%9.4%8.7%10.2%7.5%6.7%

Latest quarters

LineQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Revenue$17.1B$18.6B*$18B$18.2B$18.6B$20.3B*$18B$20.1B
Gross profit$2.1B$690M*$2.3B$734M$2.2B$2.3B*$2.1B$2.4B
Operating income$2.1B$696M*$2.4B$748M$2.3B$2.3B*$2.1B$2.5B
Net income$1.6B$527M*$1.7B$342M$1.6B$1.3B*$1.5B$1.8B
EPS (diluted)$6.80$2.26*$7.28$1.46$6.95$5.80*$6.44$7.94
Operating cash flow$2.4B*$1B*$1.4B$201M*$3.7B*$3.2B*$220M$3.2B*
Free cash flow$2.1B*$441M*$955M*-$150M*$3.3B*$2.8B*-$291M*$2.9B*
Cash & equivalents$3.2B$2.5B$1.8B$1.3B$3.5B$4.1B$1.9B$3.8B
Total debt$19.3B*$20.3B$20.3B*$21.6B*$22.2B*$21.7B$20.7B*$20.5B*
Gross margin12.4%3.7%12.9%4.0%12.0%11.4%11.5%12.2%
Operating margin12.5%3.7%13.2%4.1%12.3%11.5%11.4%12.4%
Net margin9.5%2.8%9.5%1.9%8.7%6.6%8.3%9.2%

Revenue by segment

LineFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Aeronautics$17.8B$19.4B$21.2B$23.7B$26.3B$26.7B$27B$27.5B$28.6B$30.3B
RMS$13.5B$13.7B$14.3B$15.1B$16B$16.8B$16.1B$16.2B$17.3B$17.3B
MFC$6.6B$7.3B$8.5B$10.1B$11.3B$11.7B$11.3B$11.3B$12.7B$14.5B
Space-$9.6B$9.8B$10.9B$11.9B$11.8B$11.5B$12.6B$12.5B$13B
Space Systems$9.4B---------

Revenue by product

LineFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Products$42.5B$45B$50.1B$54.9B$56.4B$55.5B$56.3B$59.3B$62.7B
Services$7.5B$8.8B$9.8B$10.5B$10.6B$10.5B$11.3B$11.8B$12.4B

Revenue by region

LineFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
United States$35.6B$38.6B$43.3B$49B$48.6B$49.1B$49.9B$52.5B$53.7B
Europe$4.8B$5.4B$5.9B$6.3B$6.8B$6.3B$7B$7.7B$8.8B
Asia Pacific$4.8B$5.3B$5.8B$5.2B$6.1B$5.5B$5.9B$6.2B$7.8B
Middle East$3.8B$3.6B$3.9B$3.9B$4.3B$3.8B$3.6B$3.1B$2.9B
Other$959M$871M$833M$936M$1.3B$1.4B$1.2B$1.5B$1.9B

Operating income by segment

LineFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Aeronautics$1.9B$2.2B$2.3B$2.5B$2.8B$2.8B$2.9B$2.8B$2.5B$2.1B
MFC$1B$1B$1.2B$1.4B$1.5B$1.6B$1.6B$1.5B$413M$2B
Space-$980M$1.1B$1.2B$1.1B$1.1B$1B$1.2B$1.2B$1.3B
RMS$906M$902M$1.3B$1.4B$1.6B$1.8B$1.7B$1.9B$1.9B$1.3B
Space Systems$1.3B---------

* derived: a fourth quarter as the year less the three filed quarters, or a remainder as the total less the parts. All other figures are as filed.

About this page

Every figure on this page is read from Lockheed Martin's own SEC filings: the statement lines from the SEC's XBRL company-facts feed, the revenue splits from the segment and revenue notes of each 10-K and 10-Q. Nothing is typed in or estimated. The cache refreshes daily.

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