Lockheed Martin revenue and financials

LMT · NYSE · USD

$506.63+0.24%+$1.22

Close · October 5, 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.

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	75,048	71,043	67,571	65,984	67,044	65,398	59,812	53,762	49,960	47,290
Cost of revenue	67,429	64,113	59,092	57,697	57,983	56,744	51,445	46,488	43,589	41,889
Gross profit	7,619	6,930	8,479	8,287	9,061	8,654	8,367	7,274	6,371	5,401
Research and development	2,000	1,600	1,500	1,700	1,500	1,300	1,300	1,300	1,200	988
Operating income	7,731	7,013	8,507	8,348	9,123	8,644	8,545	7,334	6,744	5,888
EBIT	7,040	7,256	9,014	7,303	—	—	—	—	—	—
EBITDA	8,727	8,815	10,444	8,707	—	—	—	—	—	—
Interest expense	1,118	1,036	916	623	569	591	653	668	651	663
Pre-tax income	5,922	6,220	8,098	6,680	—	—	—	—	—	—
Income tax	905	884	1,178	948	1,235	1,347	1,011	792	3,356	1,093
Net income	5,017	5,336	6,920	5,732	6,315	6,833	6,230	5,046	1,963	5,173
Net income to common shareholders	5,017	5,336	6,920	5,732	—	—	—	—	—	—
Basic EPS	21.56	22.39	27.65	21.74	22.85	24.40	22.09	17.74	6.82	17.28
Diluted EPS	21.49	22.31	27.55	21.66	22.76	24.30	21.95	17.59	6.75	17.07
Average shares (basic)	233	238	250	264	—	—	—	—	—	—
Average shares (diluted)	234	239	251	265	277	281	284	287	291	303