LMT

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Lockheed Martin Corp.

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Key Metrics

Previous Close: $589.15
52-Week Range: $437.25 – $692.00
Market Cap: $131.89B
P/E (TTM): 21.09
EPS (TTM): 27.10
Dividend Yield: 2.34%

Advanced Metrics

Price/Book: 14.99
PEG Ratio: 1.22
Return on Equity: 89.17%
Return on Assets: 8.64%
Gross Margin: 11.80%
Operating Margin: 11.96%
Profit Margin: 8.16%
Current Ratio: 1.19
Debt/Equity: 2.34
Total Debt: $20.54B
Free Cash Flow: $5.56B
Revenue Growth: 10.50%
Earnings Growth: 443.80%
Enterprise Value: $148.64B

LMT Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$65.98B	$67.57B	$71.04B	$75.05B
Cost of Revenue	$57.70B	$59.09B	$64.11B	$67.43B
Gross Profit	$8.29B	$8.48B	$6.93B	$7.62B
Operating Expenses	-$61.00M	-$28.00M	-$83.00M	-$112.00M
Operating Income	$8.35B	$8.51B	$7.01B	$7.73B
EBITDA	$8.71B	$10.44B	$8.81B	$8.73B
Pretax Income	$6.68B	$8.10B	$6.22B	$5.92B
Income Tax	$948.00M	$1.18B	$884.00M	$905.00M
Net Income	$5.73B	$6.92B	$5.34B	$5.02B
Diluted EPS	21.66	27.55	22.31	21.49
Diluted Shares	264.60M	251.20M	239.20M	233.50M

LMT Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$2.55B	$1.44B	$2.48B	$4.12B
Receivables	$14.82B	$15.31B	$15.31B	$16.90B
Inventory	$3.09B	$3.13B	$3.47B	$3.52B
Current Assets	$20.99B	$20.52B	$21.85B	$25.36B
Total Assets	$52.88B	$52.46B	$55.62B	$59.84B
Current Liabilities	$15.89B	$16.94B	$19.42B	$23.34B
Long-Term Debt	$15.43B	$17.29B	$19.63B	$20.53B
Total Debt	$15.55B	$17.46B	$20.27B	$21.70B
Total Liabilities	$43.61B	$45.62B	$49.28B	$53.12B
Retained Earnings	$16.94B	$15.40B	$14.55B	$14.03B
Shareholders' Equity	$9.27B	$6.83B	$6.33B	$6.72B
Working Capital	$5.10B	$3.58B	$2.43B	$2.03B
Net Debt	$13.00B	$16.02B	$17.79B	$17.58B

LMT Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$7.80B	$7.92B	$6.97B	$8.56B
Capital Expenditure	-$1.67B	-$1.69B	-$1.69B	-$1.65B
Free Cash Flow	$6.13B	$6.23B	$5.29B	$6.91B
Depreciation & Amortisation	$1.40B	$1.43B	$1.56B	$1.69B
Stock-Based Compensation	$238.00M	$265.00M	$277.00M	$304.00M
Investing Cash Flow	-$1.79B	-$1.69B	-$1.79B	-$1.98B
Financing Cash Flow	-$7.07B	-$7.33B	-$4.14B	-$4.94B
Dividends Paid	-$3.02B	-$3.06B	-$3.06B	-$3.13B
Share Repurchases	-$7.90B	-$6.00B	-$3.70B	-$3.00B
Net Change in Cash	-$1.06B	-$1.10B	$1.04B	$1.64B

LMT Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$18.16B	$18.61B	$20.32B	$18.02B	$20.06B
Cost of Revenue	$17.42B	$16.37B	$18.00B	$15.94B	$17.62B
Gross Profit	$734.00M	$2.24B	$2.32B	$2.08B	$2.45B
Selling, General & Admin	$99.00M	—	—	—	—
Operating Expenses	-$14.00M	-$40.00M	-$9.00M	$15.00M	-$33.00M
Operating Income	$748.00M	$2.28B	$2.33B	$2.06B	$2.48B
EBITDA	$1.09B	$2.65B	$2.28B	$2.44B	$2.84B
Pretax Income	$417.00M	$1.94B	$1.53B	$1.77B	$2.18B
Income Tax	$75.00M	$319.00M	$187.00M	$286.00M	$342.00M
Net Income	$342.00M	$1.62B	$1.34B	$1.49B	$1.84B
Diluted EPS	1.46	6.95	5.80	6.44	7.94
Diluted Shares	234.30M	232.80M	231.90M	231.10M	231.10M

LMT Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$1.29B	$3.47B	$4.12B	$1.89B	$3.79B
Receivables	$18.20B	$17.79B	$16.90B	$18.21B	$19.39B
Inventory	$3.70B	$3.75B	$3.52B	$4.25B	$4.41B
Current Assets	$23.99B	$25.94B	$25.36B	$25.08B	$28.40B
Total Assets	$58.87B	$60.28B	$59.84B	$59.24B	$62.45B
Current Liabilities	$24.35B	$22.97B	$23.34B	$22.09B	$23.81B
Long-Term Debt	$18.52B	$20.52B	$20.53B	$20.53B	$20.54B
Total Debt	$21.64B	$22.19B	$21.70B	$20.70B	$20.54B
Total Liabilities	$53.54B	$54.09B	$53.12B	$51.75B	$53.68B
Retained Earnings	$13.26B	$14.05B	$14.03B	$14.72B	$15.76B
Shareholders' Equity	$5.33B	$6.18B	$6.72B	$7.49B	$8.77B
Working Capital	-$366.00M	$2.96B	$2.03B	$2.99B	$4.59B
Net Debt	$20.34B	$18.72B	$17.58B	$18.80B	$16.75B

LMT Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$201.00M	$3.73B	$3.22B	$220.00M	$3.23B
Capital Expenditure	-$351.00M	-$381.00M	-$463.00M	-$511.00M	-$318.00M
Free Cash Flow	-$150.00M	$3.35B	$2.76B	-$291.00M	$2.92B
Depreciation & Amortisation	$399.00M	$428.00M	$463.00M	$398.00M	$400.00M
Stock-Based Compensation	$81.00M	$74.00M	$89.00M	$83.00M	$97.00M
Investing Cash Flow	-$715.00M	-$319.00M	-$513.00M	-$541.00M	-$349.00M
Financing Cash Flow	$4.00M	-$1.23B	-$2.06B	-$1.91B	-$989.00M
Dividends Paid	-$771.00M	-$765.00M	-$799.00M	-$816.00M	-$796.00M
Share Repurchases	-$500.00M	-$1.00B	-$750.00M	$0.00	$0.00
Net Change in Cash	-$510.00M	$2.18B	$651.00M	-$2.23B	$1.90B

Market Snapshot

About

Lockheed Martin Corp. is a global aerospace, defense, security, and advanced technologies company. The company is the world's largest defense contractor by revenue, producing military aircraft, missiles, spacecraft, and defense systems. Lockheed Martin's major programs include the F-35 fighter jet, C-130 transport aircraft, and various missile defense systems. Headquartered in Bethesda, Maryland, the company serves government and commercial customers worldwide.