LOCKHEED MARTIN CORPORATION financials

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LMT CIK 0000936468

Source: EDGAR filings · Built 2026-06-02T03:28:11Z

Custom taxonomy namespace: ffd

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2010FY 2020
Free Cash Flow 6.91B 5.29B 6.23B 6.13B 7.70B 6.42B
EBITDA 9.42B 8.57B 9.94B 9.75B 10.49B 9.66B
Working Capital 2.03B 2.43B 3.58B 5.10B 5.82B 5.45B
Net Debt 18.65B 18.93B 17.19B 14.22B 9.50B 10.12B
Gross Margin 10.15% 9.75% 12.55% 12.56% 13.52% 13.23%
Operating Margin 10.30% 9.87% 12.59% 12.65% 13.61% 13.22%
Net Margin 6.69% 7.51% 10.24% 8.69% 9.42% 10.45%
Return on Equity (ROE) 74.65% 84.26% 101.24% 61.86% 57.62% 113.60%
Return on Assets (ROA) 8.38% 9.59% 13.19% 10.84% 12.41% 13.47%
Current Ratio 1.09× 1.13× 1.21× 1.32× 1.42× 1.39×
Debt-to-Equity 3.39× 3.38× 2.73× 1.81× 1.20× 2.21×
Effective Tax Rate 15.28% 14.21% 14.55% 14.19% 16.36% 16.36%
Cash Conversion Ratio 1.71× 1.31× 1.14× 1.36× 1.46× 1.20×
Accruals Ratio -0.06× -0.03× -0.02× -0.04× -0.06× -0.03×
SBC % of Revenue 0.41% 0.39% 0.39% 0.36% 0.34% 0.34%
CapEx Coverage 5.19× 4.14× 4.68× 4.67× 6.06× 4.63×
Free Cash Flow Per Share $29.58 $22.10 $24.80 $23.17 $27.75 $22.82

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2010FY 2020
P/E Trailing (Diluted) 22.51× 21.78× 16.45× 22.46× 15.62× 14.61×
P/FCF 16.35× 21.99× 18.28× 20.99× 12.81× 15.56×
FCF Yield 6.12% 4.55% 5.47% 4.76% 7.81% 6.43%
EV / EBITDA 13.74× 15.47× 12.68× 14.13× 10.09× 11.30×
P/S 1.48× 1.60× 1.61× 1.87× 1.44× 1.51×
P/B 16.48× 17.96× 15.91× 13.34× 8.79× 16.47×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2010FY 2020
Revenues 75.05B 71.04B 67.57B 65.98B 67.04B 65.40B
Cost of Goods and Services Sold — — — — 57.98B 56.74B
Cost of Revenue 67.43B 64.11B 59.09B 57.70B 57.98B 56.74B
Gross Profit 7.62B 6.93B 8.48B 8.29B 9.06B 8.65B
Research and Development Expense 2.00B 1.60B 1.50B 1.70B 1.50B 1.30B
Operating Income (Loss) 7.73B 7.01B 8.51B 8.35B 9.12B 8.64B
Income Tax Expense (Benefit) 905.00M 884.00M 1.18B 948.00M 1.24B 1.35B
Net Income (Loss) Attributable to Parent 5.02B 5.34B 6.92B 5.73B 6.32B 6.83B
Earnings Per Share, Basic $21.56 $22.39 $27.65 $21.74 $22.85 $24.40
Weighted Average Number of Shares Outstanding, Basic 232.70M 238.30M 250.30M 263.70M 276.40M 280.00M
Earnings Per Share, Diluted $21.49 $22.31 $27.55 $21.66 $22.76 $24.30
Weighted Average Number of Shares Outstanding, Diluted 233.50M 239.20M 251.20M 264.60M 277.40M 281.20M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2010FY 2020
Cash and Cash Equivalents, at Carrying Value 4.12B 2.48B 1.44B 2.55B 3.60B 3.16B
Assets, Current 25.36B 21.85B 20.52B 20.99B 19.82B 19.38B
Assets 59.84B 55.62B 52.46B 52.88B 50.87B 50.71B
Long-term Debt 21.70B 20.27B 17.46B 15.55B 11.68B 12.17B
Liabilities, Current 23.34B 19.42B 16.94B 15.89B 14.00B 13.93B
Long-term Debt, Excluding Current Maturities 20.53B 19.63B 17.29B 15.43B 11.67B 11.67B
Liabilities 53.12B 49.28B 45.62B 43.61B 39.91B 44.67B
Stockholders' Equity Attributable to Parent 6.72B 6.33B 6.83B 9.27B 10.96B 6.01B
Common Stock, Shares, Outstanding 229.00M 234.00M 240.00M 254.00M 271.00M 279.00M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2010FY 2020
Net Cash Provided by (Used in) Operating Activities 8.56B 6.97B 7.92B 7.80B 9.22B 8.18B
Net Cash Provided by (Used in) Investing Activities -1.98B -1.79B -1.69B -1.79B -1.16B -2.01B
Payments for Repurchase of Common Stock 3.00B 3.70B 6.00B 7.90B 4.09B 1.10B
Net Cash Provided by (Used in) Financing Activities -4.94B -4.14B -7.33B -7.07B -7.62B -4.53B

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (LMT CIK 0000936468), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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