Lockheed Martin revenue and financials
$506.63Change from previous close: +0.24%Absolute change: +$1.22
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%.
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 8,557 | 6,972 | 7,920 | 7,802 | 9,221 | 8,183 | 7,311 | 3,138 | 6,476 | 5,189 |
| Depreciation and amortization | 1,687 | 1,559 | 1,430 | 1,404 | 1,364 | 1,019 | 906 | 1,161 | 1,195 | 1,167 |
| Capital expenditure | -1,649 | -1,685 | -1,691 | -1,670 | -1,522 | -1,766 | -1,484 | -1,278 | -1,177 | -1,063 |
| Investing cash flow | -1,977 | -1,792 | -1,694 | -1,789 | — | — | — | — | — | — |
| Financing cash flow | -4,942 | -4,139 | -7,331 | -7,070 | — | — | — | — | — | — |
| Dividends paid | -3,131 | -3,059 | -3,056 | -3,016 | -2,940 | -2,764 | -2,556 | -2,347 | -2,163 | -2,048 |
| Share repurchases | -3,000 | -3,700 | -6,000 | -7,900 | -4,087 | -1,100 | -1,200 | -1,492 | -2,001 | -2,096 |
| Debt issued | 1,985 | 2,970 | 1,975 | 6,211 | — | — | — | — | — | — |
| Debt repaid | -642 | -168 | -115 | -2,250 | — | — | — | — | — | — |
| Net change in cash | 1,638 | 1,041 | -1,105 | -1,057 | — | — | — | — | — | — |
| Free cash flow | 6,908 | 5,287 | 6,229 | 6,132 | — | — | — | — | — | — |