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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) Operating margin

Alert me on 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 5.13%.

Operating margin, annual

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Annual newest first

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 newest first

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 24

Operating margin against peers

Company Operating margin
TDG Transdigm Group Incorporated compare 46.0%
HWM Howmet Aerospace Inc. compare 27.4%
GE GE Aerospace compare 23.2%
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%
Aerospace & Defense industry median 4.54%
Industrials sector median 5.13%
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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