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Lockheed Martin Corporation

NYSE•LMT
CEO: Mr. James D. Taiclet Jr.
Sector: Industrials
Industry: Aerospace & Defense
Listing Date: 1977-01-03
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The Missiles and Fire Control segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; manned and unmanned ground vehicles; and energy management solutions. The Rotary and Mission Systems segment offers military and commercial helicopters, surface ships, sea and land-based missile defense systems, radar systems, sea and air-based mission and combat systems, command and control mission solutions, cyber solutions, and simulation and training solutions. The Space segment offers satellites; space transportation systems; strategic, advanced strike, and defensive systems; and classified systems and services in support of national security systems. This segment also provides network-enabled situational awareness and integrates space and ground global systems to help its customers gather, analyze, and securely distribute critical intelligence data. It serves primarily serves the U.S. government, as well as foreign military sales contracted through the U.S. government. The company was formerly known as The Lockheed Corporation and changed its name to Lockheed Martin Corporation in March 1995. Lockheed Martin Corporation was founded in 1912 and is based in Bethesda, Maryland.
Contact Information
6801 Rockledge Drive, Bethesda, MD, 20817, United States
301-897-6000
www.lockheedmartin.com
Market Cap
$124.58B
P/E (TTM)
25.9
41.7
Dividend Yield
2.5%
52W High
$692.00
52W Low
$410.11
52W Range
46%
Rank6
7.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 7.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q1 2026 Data

Revenue

$18.02B+0.00%
4-Quarter Trend

EPS

$6.47+0.00%
4-Quarter Trend

FCF

-$291.00M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Total Sales Increased 5.6% Consolidated sales reached $75.05B USD in 2025, marking 5.6% growth over $71.04B sales figures reported in 2024.
Backlog Grows to $193.6B Total contract backlog grew to $193.6B USD by year-end 2025, reflecting 10.0% growth from $176.0B recorded at the end of 2024.
MFC Profit Rebounds Strongly MFC operating profit surged to $1.99B USD, recovering $1.58B due to reversal of prior year classified program reach-forward losses.
Net Earnings Declined 5.6% Net earnings decreased to $5.02B USD in 2025, impacted by $1.62B in new reach-forward losses recognized across various programs.

Risk Factors

Heavy Government Reliance Risk 72% of 2025 sales derived from U.S. Government; spending shifts or continuing resolutions could severely impact program funding timelines.
Program Execution Cost Overruns Recognized $1.62B in reach-forward losses across segments, indicating high execution risk in complex development and classified contracts.
Supply Chain Vulnerability Persists Reliance on multi-tiered supply chain for scarce materials faces geopolitical pressures, potentially causing delays and increased costs in 2026.
Cybersecurity Threat Landscape Facing advanced, persistent threats targeting defense industrial base; incidents could materially affect operations, performance, and financial results.

Outlook

Portfolio Shaping Activities Continue Continuously strengthening portfolio via acquisitions, including integrating Rapid Solutions into the Space segment during the second quarter of 2025.
Investing in Workforce Transformation People strategy focuses on accelerating workforce management technology transformation and retaining 123,000 skilled employees globally.
Technology Modernization Focus Harnessing leading-edge technologies like AI, autonomy, and advanced networking to enhance defense force agility and capability.
Managing Pension Liabilities Executed $943M pension obligation transfer in 2025; will continue evaluating opportunities to manage defined benefit liabilities proactively.

Peer Comparison

Revenue (TTM)

BA stock ticker logoBA
$92.18B
+32.7%
LMT stock ticker logoLMT
$75.12B
+4.6%
GD stock ticker logoGD
$53.81B
+9.3%

Gross Margin (Latest Quarter)

TDG stock ticker logoTDG
59.4%
-2.4pp
ADP stock ticker logoADP
48.3%
-3.9pp
UNP stock ticker logoUNP
45.2%
+54.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
BA$172.68B79.0-8723.1%28.6%
UNP$161.91B22.440.4%45.2%
DE$155.88B32.618.3%59.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.2%
Flat Growth
4Q Net Income CAGR
63.3%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Jul 28, 2026
|
EPS:$7.20
|
Revenue:$19.35B
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data