Pricing Log in Create free account
Friday 6 November 2026 Export LMT’s income statement to Excel — free account

Lockheed Martin Corporation

LMT Industrials Aerospace & Defense

Lockheed Martin Corporation’s revenue for fiscal 2025 (year ended December 2025) was $75.0 billion, up 5.64% from fiscal 2024.

Revenue
+11.3%
EPS
+14.6%
Free cash flow
−10.4%
Total debt
−7.62%

Quarter to September 2026, against a year earlier

569.45 6.71 −1.16%
Market cap
$133.1B
P/E
20.4×
Fwd P/E
20.8×
Dividend yield
2.39%
F-score
6/9
Altman Z
3.32
Beneish M
−2.24
Dividend safety
76/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Lockheed Martin Corporation (LMT) Gross margin

Alert me on Gross margin

Lockheed Martin Corporation's gross margin over the twelve months to 30 September 2026 was 11.7%, up 1.6 percentage points from fiscal 2025 (10.2%). Over the past ten years it has ranged from 9.75% (fiscal 2024) to 14.0% (fiscal 2019); the current reading is higher than 18% of that period. That is below the Aerospace & Defense industry median of 26.4% and below the Industrials sector median of 30.6%.

Gross margin, annual

Embed this chart

Annual newest first

Period Gross margin Change (points)
FY2025 10.2% 0.40
FY2024 9.75% (2.80)
FY2023 12.6% (0.01)
FY2022 12.6% (0.96)
FY2021 13.5% 0.29
FY2020 13.2% (0.76)
FY2019 14.0% 0.46
FY2018 13.5% 0.78
FY2017 12.8% 1.33
FY2016 11.4% 0.34

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 11.8% (0.43)
Jun 2026 12.2% 0.66
Mar 2026 11.5% 0.10
Dec 2025 11.4% (0.61)
43 more quarters

Against its own ten years

Low 9.75% High 14.0%
Ten-year median 12.6%
Current reading's percentile 26

Gross margin against peers

Company Gross margin
TDG Transdigm Group Incorporated compare 59.6%
HWM Howmet Aerospace Inc. compare 36.6%
HONA Honeywell Aerospace inc. compare 36.2%
GE GE Aerospace compare 35.2%
RTX RTX Corporation compare 21.1%
NOC Northrop Grumman Corporation compare 20.0%
GD General Dynamics Corporation compare 15.4%
LMT Lockheed Martin Corporation 11.7%
BA The Boeing Company compare 9.42%
Aerospace & Defense industry median 26.4%
Industrials sector median 30.6%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

More on LMT