Lockheed Martin Corporation LMT

519.56 (4.14) (0.79%) as of 25 Sep
Market cap
$120.7B
P/E
19.1×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Lockheed Martin Corporation (LMT) Operating margin

Lockheed Martin Corporation's operating margin over the twelve months to 30 June 2026 was 11.9%, up 1.6 percentage points from fiscal 2025 (10.3%). Over the past ten years it has ranged from 9.87% (fiscal 2024) to 14.3% (fiscal 2019); the current reading is higher than 18% of that period. That is above the Aerospace & Defense industry median of 4.54% and above the Industrials sector median of 5.15%.

Operating margin, annual

Annual

Period Operating margin Change (points)
FY2025 10.3% 0.43
FY2024 9.87% (2.72)
FY2023 12.6% (0.06)
FY2022 12.7% (0.96)
FY2021 13.6% 0.39
FY2020 13.2% (1.07)
FY2019 14.3% 0.65
FY2018 13.6% 0.14
FY2017 13.5% 1.05
FY2016 12.5% 0.83

Quarterly

Period Operating margin Change (points)
Jun 2026 12.4% 0.91
Mar 2026 11.5% (0.02)
Dec 2025 11.5% (0.78)
Sep 2025 12.3% 8.13
42 more quarters

Against its own ten years

Low 9.87% High 14.3%
Ten-year median 12.7%
Current reading's percentile 18

Operating margin against peers

Company Operating margin
TDG Transdigm Group Incorporated compare 46.0%
HWM Howmet Aerospace Inc. compare 27.4%
LMT Lockheed Martin Corporation 11.9%
RTX RTX Corporation compare 11.2%
NOC Northrop Grumman Corporation compare 10.7%
LHX L3Harris Technologies Inc compare 10.5%
GD General Dynamics Corporation compare 10.3%
BA The Boeing Company compare 4.89%
RKLB Rocket Lab Corporation compare −29.1%
Aerospace & Defense industry median 4.54%
Industrials sector median 5.15%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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