Company / R&D Expense
Lockheed Martin R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$2.0B
FY2025
5-year range
$1.3B / $2.0B
FY2021-FY2025
Trend
+25.0%
vs FY2024
Sector context
#7 of 174
Industrials
What the data says
Among 174 Industrials companies, Lockheed Martin is in the top 4% for r&d expense. R&D Expense has fluctuated over the past 10 years, ranging from $733M in FY2016 to $2.0B in FY2025.
Based on SEC 10-K filings.
$2.0B in FY2025 with a 5-year CAGR of +9.0%. Top quartile in the Industrials sector.
Improved from $1.5B to $2.0B over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +5.6%
- 5-Year CAGR
- +9.0%
- 10-Year CAGR
- -
Sector benchmark
Top 4% in IndustrialsTop 4% of 174This company $2.0B Sector average $273.7M
▼
+630.7% above sector average
Key checks
Key Insights
- 5-year CAGR of +9.0%, indicating consistent growth.
- In FY2025, r&d expense increased 25.0% year-over-year.
- Ranks #7 out of 174 companies in the Industrials sector.
- Lowest r&d expense in the period was in FY2016.
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 | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $2.0B | +25.0% |
| FY2024 | $1.6B | +6.7% |
| FY2023 | $1.5B | -11.8% |
| FY2022 | $1.7B | +30.8% |
| FY2021 | $1.3B | +0.0% |
| FY2020 | $1.3B | +8.3% |
| FY2019 | $1.2B | +21.5% |
| FY2018 | $988.0M | -17.7% |
| FY2017 | $1.2B | +63.7% |
| FY2016 | $733.0M | -10.3% |
As of FY2025 · SEC 10-K · Updated Jul 4, 2026