Revenue
20.7 billion USD
2026-09-27 · USD
Exact inputs and evidence
- Revenue: 20711000000 USD Source
Fundies. English
LOCKHEED MARTIN CORPORATION
EDGARAnnual consolidated revenue for 2025: about USD 75.05B, using the latest reported figures. The previous period, 2024, was about USD 71.04B.
Latest quarter
Operating margin
11.8%
2026-09-27 · %
Operating cash flow
3.44 billion USD
2026-09-27 · USD
- Cash and cash equivalents
- 5.96 billion USD Source
Exact value
5960000000 USD
- Long-term debt including current maturities
- 21.7 billion USD Source
Exact value
21700000000 USD
- Shares outstanding
- 229 million shares Source
Exact value
229000000 shares
Reported share-count change
-2.14% · -5 million shares
Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Revenue
79.1 billion USD
2025-09-29 – 2026-09-27
Exact inputs and evidence
Net income
6.51 billion USD
2025-09-29 – 2026-09-27
Exact inputs and evidence
Operating cash flow
10.1 billion USD
2025-09-29 – 2026-09-27
Exact inputs and evidence
- Operating cash flow: 8557000000 USD · 2025-01-01 – 2025-12-31 Source
- Operating cash flow: 5338000000 USD · 2025-01-01 – 2025-09-28 Source
- Operating cash flow: 220000000 USD · 2026-01-01 – 2026-03-29 Source
- Operating cash flow: 3455000000 USD · 2026-01-01 – 2026-06-28 Source
- Operating cash flow: 220000000 USD · 2026-01-01 – 2026-03-29 Source
- Operating cash flow: 6893000000 USD · 2026-01-01 – 2026-09-27 Source
- Operating cash flow: 3455000000 USD · 2026-01-01 – 2026-06-28 Source
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-10-22.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 11 of 11 periods available· newest 2025-12-31
- Operating income: 11 of 11 periods available· newest 2025-12-31
- Net income: 11 of 11 periods available· newest 2025-12-31
- Operating cash flow: 11 of 11 periods available· newest 2025-12-31
- capital expenditure: No compatible figures in this window
- Total assets: 11 of 11 periods available· newest 2025-12-31
- Total liabilities: 11 of 11 periods available· newest 2025-12-31
- Current assets: 11 of 11 periods available· newest 2025-12-31
- Current liabilities: 11 of 11 periods available· newest 2025-12-31
- Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
- Long-term debt including current maturities: 11 of 11 periods available· newest 2025-12-31
- Shares outstanding: 10 of 11 periods available· newest 2025-12-31
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
+5.6%Prior period
USD 71.04 billion
–
Current period
USD 75.05 billion
–
Exact inputs and evidence
75048000000 − 71043000000 = 4005000000 USD
71043000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source75048000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Net income
-6%Prior period
USD 5.34 billion
–
Current period
USD 5.02 billion
–
Exact inputs and evidence
5017000000 − 5336000000 = -319000000 USD
5336000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source5017000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+22.7%Prior period
USD 6.97 billion
–
Current period
USD 8.56 billion
–
Exact inputs and evidence
8557000000 − 6972000000 = 1585000000 USD
6972000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source8557000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Comparable inputs unavailable for: Capital expenditure.
Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2025-01-01 – 2025-12-31
- Revenue USD 75.05 billion 100% of revenue
- Operating costs Derived USD 67.32 billion 90% of revenue
- Operating income USD 7.73 billion 10% of revenue
- Tax, interest and other Derived USD 2.71 billion 3.6% of revenue
- Net income USD 5.02 billion 6.7% of revenue
Cash
- Operating cash flow USD 8.56 billion 11% of revenue
- Capital expenditure Unavailable An input is unavailable.
- Free cash flow Derived Unavailable An input is unavailable.
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2016 11%88%
- 2017 9.6%87%
- 2018 9.4%86%
- 2019 10%86%
- 2020 10%87%
- 2021 9.4%86%
- 2022 87%
- 2023 10%87%
- 2024 90%
- 2025 90%
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | 47290000000 | 41402000000 Derived | 5888000000 | 715000000 Derived | 5173000000 | Unavailable | Source
|
| 2017 2017-01-01 – 2017-12-31 | 49960000000 | 43216000000 Derived | 6744000000 | 4781000000 Derived | 1963000000 | Unavailable | Source
|
| 2018 2018-01-01 – 2018-12-31 | 53762000000 | 46428000000 Derived | 7334000000 | 2288000000 Derived | 5046000000 | Unavailable | Source
|
| 2019 2019-01-01 – 2019-12-31 | 59812000000 | 51267000000 Derived | 8545000000 | 2315000000 Derived | 6230000000 | Unavailable | Source
|
| 2020 2020-01-01 – 2020-12-31 | 65398000000 | 56754000000 Derived | 8644000000 | 1811000000 Derived | 6833000000 | Unavailable | Source
|
| 2021 2021-01-01 – 2021-12-31 | 67044000000 | 57921000000 Derived | 9123000000 | 2808000000 Derived | 6315000000 | Unavailable | Source
|
| 2022 2022-01-01 – 2022-12-31 | 65984000000 | 57636000000 Derived | 8348000000 | 2616000000 Derived | 5732000000 | Unavailable | Source
|
| 2023 2023-01-01 – 2023-12-31 | 67571000000 | 59064000000 Derived | 8507000000 | 1587000000 Derived | 6920000000 | Unavailable | Source
|
| 2024 2024-01-01 – 2024-12-31 | 71043000000 | 64030000000 Derived | 7013000000 | 1677000000 Derived | 5336000000 | Unavailable | Source
|
| 2025 2025-01-01 – 2025-12-31 | 75048000000 | 67317000000 Derived | 7731000000 | 2714000000 Derived | 5017000000 | Unavailable | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 75B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Revenue | 47290000000 |
|
| 2017 | Revenue | 49960000000 |
|
| 2018 | Revenue | 53762000000 |
|
| 2019 | Revenue | 59812000000 |
|
| 2020 | Revenue | 65398000000 |
|
| 2021 | Revenue | 67044000000 |
|
| 2022 | Revenue | 65984000000 |
|
| 2023 | Revenue | 67571000000 |
|
| 2024 | Revenue | 71043000000 |
|
| 2025 | Revenue | 75048000000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
5.6% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Year over year | 16.7% |
|
| 2017 | Year over year | 5.6% |
|
| 2018 | Year over year | 7.6% |
|
| 2019 | Year over year | 11.3% |
|
| 2020 | Year over year | 9.3% |
|
| 2021 | Year over year | 2.5% |
|
| 2022 | Year over year | -1.6% |
|
| 2023 | Year over year | 2.4% |
|
| 2024 | Year over year | 5.1% |
|
| 2025 | Year over year | 5.6% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin 10.3% 2025
Net margin 6.7% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Operating margin | 12.5% |
|
| 2017 | Operating margin | 13.5% |
|
| 2018 | Operating margin | 13.6% |
|
| 2019 | Operating margin | 14.3% |
|
| 2020 | Operating margin | 13.2% |
|
| 2021 | Operating margin | 13.6% |
|
| 2022 | Operating margin | 12.7% |
|
| 2023 | Operating margin | 12.6% |
|
| 2024 | Operating margin | 9.9% |
|
| 2025 | Operating margin | 10.3% |
|
| 2016 | Net margin | 10.9% |
|
| 2017 | Net margin | 3.9% |
|
| 2018 | Net margin | 9.4% |
|
| 2019 | Net margin | 10.4% |
|
| 2020 | Net margin | 10.4% |
|
| 2021 | Net margin | 9.4% |
|
| 2022 | Net margin | 8.7% |
|
| 2023 | Net margin | 10.2% |
|
| 2024 | Net margin | 7.5% |
|
| 2025 | Net margin | 6.7% |
|
| 2016 | Free cash flow margin | Not reported |
|
| 2017 | Free cash flow margin | Not reported |
|
| 2018 | Free cash flow margin | Not reported |
|
| 2019 | Free cash flow margin | Not reported |
|
| 2020 | Free cash flow margin | Not reported |
|
| 2021 | Free cash flow margin | Not reported |
|
| 2022 | Free cash flow margin | Not reported |
|
| 2023 | Free cash flow margin | Not reported |
|
| 2024 | Free cash flow margin | Not reported |
|
| 2025 | Free cash flow margin | Not reported |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 8.6B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Operating cash flow | 5189000000 |
|
| 2017 | Operating cash flow | 6476000000 |
|
| 2018 | Operating cash flow | 3138000000 |
|
| 2019 | Operating cash flow | 7311000000 |
|
| 2020 | Operating cash flow | 8183000000 |
|
| 2021 | Operating cash flow | 9221000000 |
|
| 2022 | Operating cash flow | 7802000000 |
|
| 2023 | Operating cash flow | 7920000000 |
|
| 2024 | Operating cash flow | 6972000000 |
|
| 2025 | Operating cash flow | 8557000000 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Free cash flow | Unavailable |
|
| 2017 | Free cash flow | Unavailable |
|
| 2018 | Free cash flow | Unavailable |
|
| 2019 | Free cash flow | Unavailable |
|
| 2020 | Free cash flow | Unavailable |
|
| 2021 | Free cash flow | Unavailable |
|
| 2022 | Free cash flow | Unavailable |
|
| 2023 | Free cash flow | Unavailable |
|
| 2024 | Free cash flow | Unavailable |
|
| 2025 | Free cash flow | Unavailable |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
88.8% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Liabilities / assets | 96.6% |
|
| 2017 | Liabilities / assets | 101.7% |
|
| 2018 | Liabilities / assets | 96.8% |
|
| 2019 | Liabilities / assets | 93.3% |
|
| 2020 | Liabilities / assets | 88.1% |
|
| 2021 | Liabilities / assets | 78.5% |
|
| 2022 | Liabilities / assets | 82.5% |
|
| 2023 | Liabilities / assets | 87% |
|
| 2024 | Liabilities / assets | 88.6% |
|
| 2025 | Liabilities / assets | 88.8% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
1.09× 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Current assets / current liabilities | 1.2× |
|
| 2017 | Current assets / current liabilities | 1.36× |
|
| 2018 | Current assets / current liabilities | 1.12× |
|
| 2019 | Current assets / current liabilities | 1.22× |
|
| 2020 | Current assets / current liabilities | 1.39× |
|
| 2021 | Current assets / current liabilities | 1.42× |
|
| 2022 | Current assets / current liabilities | 1.32× |
|
| 2023 | Current assets / current liabilities | 1.21× |
|
| 2024 | Current assets / current liabilities | 1.13× |
|
| 2025 | Current assets / current liabilities | 1.09× |
|
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | USD 5.17 billion Exact valueExact value: 5173000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 5.19 billion Exact valueExact value: 5189000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2017 2017-01-01 – 2017-12-31 | USD 1.96 billion Exact valueExact value: 1963000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 6.48 billion Exact valueExact value: 6476000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2018 2018-01-01 – 2018-12-31 | USD 5.05 billion Exact valueExact value: 5046000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 3.14 billion Exact valueExact value: 3138000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2019 2019-01-01 – 2019-12-31 | USD 6.23 billion Exact valueExact value: 6230000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 7.31 billion Exact valueExact value: 7311000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2020 2020-01-01 – 2020-12-31 | USD 6.83 billion Exact valueExact value: 6833000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 8.18 billion Exact valueExact value: 8183000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2021 2021-01-01 – 2021-12-31 | USD 6.32 billion Exact valueExact value: 6315000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 9.22 billion Exact valueExact value: 9221000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2022 2022-01-01 – 2022-12-31 | USD 5.73 billion Exact valueExact value: 5732000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 7.8 billion Exact valueExact value: 7802000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2023 2023-01-01 – 2023-12-31 | USD 6.92 billion Exact valueExact value: 6920000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 7.92 billion Exact valueExact value: 7920000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2024 2024-01-01 – 2024-12-31 | USD 5.34 billion Exact valueExact value: 5336000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 6.97 billion Exact valueExact value: 6972000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2025 2025-01-01 – 2025-12-31 | USD 5.02 billion Exact valueExact value: 5017000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 8.56 billion Exact valueExact value: 8557000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
153 filings · 32,652 latest values · 32,652 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0000936468, 936468, LMT, edgar:936468
Also known as LOCKHEED MARTIN CORP, LOCKHEED MARTIN CORPORATION