Company / Operating Margin
Lockheed Martin Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
10.3%
FY2025
5-year range
9.9% / 14.3%
FY2021-FY2025
Trend
+4.4%
vs FY2024
Sector context
#129 of 304
Industrials
What the data says
At 10.3%, Lockheed Martin's operating margin ranks #129 of 304 in the Industrials sector. Operating Margin returned to growth in FY2025 after 3 years of decline, reaching 10.3%.
Based on SEC 10-K filings.
10.3% in FY2025 with a 5-year CAGR of -3.3%.
Declined from 12.6% to 10.3% over the past 2 years.
Industrials sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -2.4pp
- 5-Year Change
- -3.3pp
- 10-Year Change
- -
Sector benchmark
#129 of 304 in IndustrialsTop 42% of 304This company 10.3% Sector average -842.8%
▼
+101.2% above sector average
Key checks
Key Insights
- In FY2025, operating margin increased 4.4% year-over-year.
- Currently 853.1pp above the Industrials sector average.
- Peak operating margin was recorded in FY2021.
- Lowest operating margin in the period was in FY2024.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
- Strong return on equity: 68.0%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 10.3% | +4.4% |
| FY2024 | 9.9% | -21.6% |
| FY2023 | 12.6% | -0.5% |
| FY2022 | 12.7% | -11.5% |
| FY2021 | 14.3% | +4.8% |
| FY2020 | 13.6% | +1.0% |
| FY2019 | 13.5% | +8.4% |
| FY2018 | 12.4% | -7.8% |
| FY2017 | 13.5% | +7.6% |
| FY2016 | 12.6% | +8.0% |
As of FY2025 · SEC 10-K · Updated Jul 4, 2026