Lockheed Martin Corp. (LMT) Financial Statements
Historical financial data — 42 statements covering FY2016–FY2025
Lockheed Martin is the world's largest defense contractor and has dominated the Western market for high-end fighter aircraft since it won the F-35 Joint Strike Fighter program in 2001. Aeronautics...
Lockheed Martin Corp.'s revenue increased 5.6% year over year, from $71.04B to $75.05B.
Net income decreased 6.0% over the same period, from $5.34B to $5.02B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 59% in total.
Total debt remained relatively stable at $20.53B.
The debt-to-equity ratio stands at 3.05, indicating a high leverage profile.
Operating cash flow grew 22.7% to $8.56B.
Lockheed Martin Corp. maintains a moderate net profit margin of 6.7%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $17.10B-5.6% | $1.62B | $2.12B | $2.14B | $2.44B | $55.52B | $19.18B | $7.20B |
| Q4 FY2024 | $18.62B+8.9% | $527.0M | $690.0M | $696.0M | $1.02B | $55.62B | $19.63B | $6.33B |
| Q1 FY2025 | $17.96B-3.5% | $1.71B | $2.32B | $2.37B | $1.41B | $56.67B | $18.66B | $6.68B |
| Q2 FY2025 | $18.16B+1.1% | $342.0M | $734.0M | $748.0M | $201.0M | $58.87B | $18.52B | $5.33B |
| Q3 FY2025 | $18.61B+2.5% | $1.62B | $2.24B | $2.28B | $3.73B | $60.28B | $20.52B | $6.18B |
| Q4 FY2025 | $20.32B+9.2% | $1.34B | $2.32B | $2.33B | $3.22B | $59.84B | $20.53B | $6.72B |
| Q1 FY2026 | $18.02B-11.3% | $1.49B | $2.08B | $2.06B | $220.0M | N/A | N/A | N/A |
| Q2 FY2026 | $20.06B+11.3% | $1.84B | $2.45B | $2.48B | $3.23B | N/A | N/A | N/A |
Balance Sheet Summary (FY2025)
Lockheed Martin Corp. (LMT) Financial Statements & Revenue History
Lockheed Martin Corp. (LMT) is a US-listed stock operating in the Industrials sector, specifically the Guided Missiles & Space Vehicles & Parts industry trading at $551.60 with a market capitalization of $127. This page provides 42 historical financial statements for Lockheed Martin Corp., including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Lockheed Martin Corp. reported revenue of $75.0 billion, representing 5.6% year-over-year growth. The net profit margin of 6.7% indicates moderate profitability. The debt-to-equity ratio of 3.05 signals high leverage.
LMT Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Lockheed Martin Corp.'s revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether LMT is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track LMT's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Lockheed Martin Corp. converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of LMT's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use LMT Financial Data
Investors use Lockheed Martin Corp.'s financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare LMT's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how LMT's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View LMT's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Lockheed Martin Corp.'s SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.LMT trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.