Lockheed Martin Income Statement
LMT / Industrials|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Lockheed Martin reported $75.0B in revenue and $5.0B in net income for FY2025. Revenue has grown at a 3.5% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- High earnings quality (cash-backed earnings)
- Strong return on equity: 68.0%
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $75.0B | $71.0B | $67.6B | $66.0B | $59.8B | $53.8B | $50.0B | $47.3B | $50.0B | $39.9B | $40.5B | $39.9B | $45.4B | $45.7B | $46.5B |
| Cost of Revenue | $67.4B | $64.1B | $59.1B | $57.7B | $51.4B | $46.5B | $43.6B | $41.9B | $43.6B | $35.3B | $36.0B | $35.3B | $41.2B | $41.8B | $42.8B |
| Gross Profit | $7.6B | $6.9B | $8.5B | $8.3B | $8.4B | $7.3B | $6.4B | $5.4B | $6.4B | $4.7B | $4.5B | $4.7B | $4.2B | $3.8B | $3.7B |
| R&D Expense | $2.0B | $1.6B | $1.5B | $1.7B | $1.3B | $1.3B | $1.2B | $988.0M | $1.2B | $733.0M | $817.0M | $733.0M | $697.0M | $639.0M | $585.0M |
| Operating Income | $7.7B | $7.0B | $8.5B | $8.3B | $8.5B | $7.3B | $6.7B | $5.9B | $6.7B | $5.0B | $4.7B | $5.0B | $4.5B | $4.1B | $4.0B |
| Interest Expense | - | - | $916.0M | $623.0M | $653.0M | $668.0M | $651.0M | $663.0M | $651.0M | $340.0M | $443.0M | $340.0M | $350.0M | $345.0M | $354.0M |
| Income Tax | $905.0M | $884.0M | $1.2B | $948.0M | $1.0B | $792.0M | $3.4B | $1.1B | $3.4B | $1.4B | $1.2B | $1.4B | $1.2B | $1.2B | $964.0M |
| Net Income | $5.0B | $5.3B | $6.9B | $5.7B | $6.2B | $5.0B | $2.0B | $5.2B | $2.0B | $3.6B | $3.6B | $3.6B | $3.0B | $2.9B | $2.7B |
| EPS (Basic) | $27.65 | $22.39 | $27.65 | $21.74 | $22.09 | $17.74 | $6.82 | $17.28 | $11.62 | $11.41 | $9.29 | $8.48 | $9.29 | $7.90 | $7.90 |
| EPS (Diluted) | $27.55 | $22.31 | $27.55 | $21.66 | $21.95 | $17.59 | $6.75 | $17.07 | $11.46 | $11.21 | $9.13 | $8.36 | $9.13 | $7.81 | $7.81 |
| Shares Outstanding | 234.0M | 234.0M | 240.0M | 254.0M | 271.0M | 280.0M | 290.6M | 303.1M | 289.0M | 303.0M | 314.0M | 319.0M | 319.0M | 321.0M | 339.9M |
| Gross Margin | 10.2% | 9.8% | 12.6% | 12.6% | 14.0% | 13.5% | 12.8% | 11.4% | 12.8% | 11.7% | 11.1% | 11.7% | 9.2% | 8.4% | 8.1% |
| Operating Margin | 10.3% | 9.9% | 12.6% | 12.7% | 14.3% | 13.6% | 13.5% | 12.4% | 13.5% | 12.6% | 11.6% | 12.6% | 9.9% | 9.0% | 8.6% |
| Profit Margin | 6.7% | 7.5% | 10.2% | 8.7% | 10.4% | 9.4% | 3.9% | 10.9% | 3.9% | 9.0% | 8.9% | 9.0% | 6.6% | 6.3% | 5.7% |