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Saturday 17 October 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. In the quarter to June 2026, revenue grew 10.5%, EPS grew 446.6%, free cash flow grew 2,044.7% and total debt fell 5.08%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years, revenue growth for three.

552.09 19.45 +3.65%
Market cap
$122.9B
P/E
20.3×
Fwd P/E
17.5×
Dividend yield
2.50%
F-score
6/9
Altman Z
3.32
Beneish M
−2.24
Dividend safety
76/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Lockheed Martin Corporation (LMT) Gross margin

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Lockheed Martin Corporation's gross margin over the twelve months to 30 June 2026 was 11.8%, 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 25.5% and below the Industrials sector median of 30.5%.

Gross margin, annual

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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)
Jun 2026 12.2% 0.66
Mar 2026 11.5% 0.10
Dec 2025 11.4% (0.61)
Sep 2025 12.0% 8.00
42 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 36.0%
GE GE Aerospace compare 35.4%
LHX L3Harris Technologies Inc compare 25.5%
RTX RTX Corporation compare 20.4%
NOC Northrop Grumman Corporation compare 20.1%
GD General Dynamics Corporation compare 15.4%
LMT Lockheed Martin Corporation 11.8%
BA The Boeing Company compare 4.68%
Aerospace & Defense industry median 25.5%
Industrials sector median 30.5%
Market median 46.2%

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 →

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