Lockheed Martin revenue and financials

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Close · October 6, 2026

In the fiscal year ended December 2025, Lockheed Martin reported revenue of $75.05B (+5.64% year over year). Net income was $5.02B, a net margin of 6.7%.

Annual revenue · 2025: $75.05B

$47.29B2016
$49.96B2017
$53.76B2018
$59.81B2019
$65.4B2020
$67.04B2021
$65.98B2022
$67.57B2023
$71.04B2024
$75.05B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +5.64%; 2025 vs 2024
Net income growth: −5.98%; 2025 vs 2024
Net margin: 6.7%; 2024: 7.5%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	59,840	55,617	52,456	52,880	50,873	50,710	47,528	44,876	46,521	47,806
Current assets	25,362	21,849	20,521	20,991	19,815	19,378	17,095	16,103	17,461	15,108
Cash and equivalents	4,121	2,483	1,442	2,547	3,604	3,160	1,514	772	2,861	1,837
Receivables	16,902	15,308	15,315	14,823	12,542	—	—	—	—	—
Inventory	3,524	3,474	3,132	3,088	2,981	—	—	—	—	—
Net property, plant and equipment	9,851	8,726	8,370	7,975	7,597	—	—	—	—	—
Goodwill	11,314	11,067	10,799	10,780	10,813	10,806	10,604	10,769	10,807	10,764
Other intangible assets	4,304	3,881	3,612	3,378	3,483	—	—	—	—	—
Long-term investments	653	654	701	685	689	—	—	—	—	—
Current liabilities	23,335	19,420	16,937	15,887	13,997	13,933	13,972	14,398	12,637	12,542
Accounts payable	3,630	2,222	2,312	2,117	780	—	—	—	—	—
Long-term debt	21,700	20,270	17,459	15,547	11,676	12,169	12,654	14,104	14,263	14,282
Total debt	21,700	20,270	17,459	15,547	—	—	—	—	—	—
Total liabilities	53,119	49,284	45,621	43,614	39,914	44,672	44,357	43,427	47,130	46,200
Total equity (incl. minority)	6,721	6,333	6,835	9,266	10,959	—	—	—	—	—
Retained earnings	14,034	14,551	15,398	16,943	21,600	—	—	—	—	—
Minority interest	—	—	—	—	0.0	—	—	—	—	—