Lockheed Martin Corporation
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 67.04B | 65.98B | 67.57B | 71.04B | 75.06B | 5.7% | |
| Cost of Revenue | (57.98B) | (57.70B) | (59.09B) | (64.11B) | (67.43B) | 5.2% | |
Gross Profit | 9.06B | 8.29B | 8.48B | 6.93B | 7.62B | 9.9% | |
| Operating Expenses | |||||||
| Research & Development | (1.50B) | (1.70B) | (1.50B) | (1.60B) | (2.00B) | 25.0% | |
| Selling, General & Administrative | (1.24B) | (865.00M) | (499.00M) | (137.00M) | (50.00M) | -63.5% | |
| Depreciation & Amortization | (1.36B) | (1.40B) | (1.43B) | (1.56B) | (714.00M) | -54.2% | |
Operating Income (EBIT) | 9.12B | 8.35B | 8.51B | 7.01B | 7.73B | 10.2% | |
| Non-Operating Items | |||||||
| Interest Income | — | — | — | — | — | — | |
| Interest Expense | (569.00M) | (623.00M) | (916.00M) | (1.04B) | (1.12B) | 7.9% | |
| Other Income/Expenses (Net) | -1.57B | -1.67B | -409.00M | -793.00M | -1.81B | 128.1% | |
Income Before Tax | 7.55B | 6.68B | 8.10B | 6.22B | 5.92B | -4.8% | |
| Income Tax Expense | (1.24B) | (948.00M) | (1.18B) | (884.00M) | (905.00M) | 2.4% | |
Net Income | 6.32B | 5.73B | 6.92B | 5.34B | 5.02B | -6.0% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $23 | $22 | $28 | $22 | $22 | -3.7% | |
| Weighted Avg Shares Outstanding | 276.40M | 263.70M | 250.30M | 238.30M | 230.90M | -3.1% | |
| Weighted Avg Shares Outstanding (Diluted) | 277.40M | 264.60M | 251.20M | 239.20M | 231.90M | -3.1% | |
EBITDA | 9.48B | 8.71B | 10.44B | 8.82B | 7.75B | -12.0% |
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