Lockheed Martin revenue and financials
$510.16Change from previous close: +0.70%Absolute change: +$3.53
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 3,235 | 220 | 3,219 | 3,728 | 201 | 1,409 | 1,023 | 2,438 | 1,876 | 1,635 | 2,365 | 2,891 |
| Depreciation and amortization | 400 | 398 | 70.0 | 428 | 399 | 397 | 113 | 390 | 359 | 351 | 158 | 350 |
| Capital expenditure | -318 | -511 | -463 | -381 | -351 | -454 | -582 | -355 | -370 | -378 | -704 | -364 |
| Investing cash flow | -349 | -541 | -513 | -319 | -715 | -430 | -838 | -210 | -372 | -372 | -703 | -398 |
| Financing cash flow | -989 | -1,906 | -2,055 | -1,232 | 4.0 | -1,659 | -853 | -1,600 | -1,771 | 85.0 | -3,771 | -2,615 |
| Dividends paid | -796 | -816 | -799 | -765 | -771 | -796 | -778 | -749 | -752 | -780 | -767 | -747 |
| Share repurchases | — | — | -750 | -1,000 | -500 | -750 | -1,000 | -850 | -850 | -1,000 | -3,000 | -1,750 |
| Debt issued | — | — | 0.0 | 536 | 1,449 | — | 990 | — | — | 1,980 | — | — |
| Debt repaid | -168 | -1,000 | -500 | — | -142 | — | — | — | -168 | — | — | -115 |
| Net change in cash | 1,897 | -2,227 | 651 | 2,177 | -510 | -680 | -668 | 628 | -267 | 1,348 | -2,109 | -122 |
| Free cash flow | 2,917 | -291 | 2,756 | 3,347 | -150 | 955 | 441 | 2,083 | 1,506 | 1,257 | 1,661 | 2,527 |
| Levered free cash flow | 1,878 | -903 | 2,893 | 1,526 | 319 | 392 | 2,038 | 920 | 1,770 | 816 | 1,595 | 1,429 |