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Lockheed Martin Corporation (LMT)
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Lockheed Martin Corporation Income Statement 2025-2006 | LMT
Brief overview of financial results at Lockheed Martin Corporation
The figures are compared over a five-year interval. Revenue reported by Lockheed Martin Corporation was $65.4 billion at the beginning of the period and $75 billion at the end. The cumulative result was +14.8%, corresponding to roughly 2.8% per year. Sales changed only slightly and remained broadly flat.
The five-year change in gross profit reached −12%: from 8.7 billion dollars to 7.6 billion dollars. Revenue and direct costs changed at similar rates. Gross profit as a share of revenue changed from 13.2% to 10.2%. Weakening gross profitability reduces the quality of the top-line trend.
EBITDA was $9.7 billion at the beginning and $9.4 billion at the end of the period (−2.5%). Changes in revenue did not translate into comparable EBITDA performance. The EBITDA share of revenue changed from 14.8% to 12.5%. The margin contraction indicates weaker operating efficiency.
Net income changed from 6.8 billion dollars to 5 billion dollars (−26.6%). The decline reduces the quality of the financial trajectory.
The market value of the business moved from $95.1 billion to $146 billion, or +52.9%. The share-price trend moved ahead of the financial performance.
Conclusion
The results contain several connected negative signals. The overall view is constrained by a softer top-line trend, weaker gross profitability and declining net profitability. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement Lockheed Martin Corporation
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
146 B | 109 B | 109 B | 121 B | 96.8 B | 95.1 B | 123 B | 83 B | 101 B | 75.7 B | 65.5 B | 59.7 B | 47.7 B | 28.6 B | 27.5 B | 28.8 B | 32.4 B | 43.6 B | - | - |
Shares |
233 M | 238 M | 250 M | 264 M | 276 M | 280 M | 282 M | 284 M | 288 M | 299 M | 310 M | 317 M | 321 M | 324 M | 336 M | 364 M | 385 M | 400 M | - | - |
Historical Prices |
625 | 458 | 437 | 460 | 350 | 340 | 364 | 238 | 285 | 216 | 183 | 157 | 116 | 69 | 57.7 | 79.2 | 84.2 | 109 | 97.4 | 73.2 |
Net Income |
5.02 B | 5.34 B | 6.92 B | 5.73 B | 6.32 B | 6.83 B | 6.23 B | 5.05 B | 2 B | 5.3 B | 3.6 B | 3.61 B | 2.98 B | 2.74 B | 2.66 B | 2.88 B | 2.97 B | 3.22 B | 3.03 B | - |
Revenue |
75 B | 71 B | 67.6 B | 66 B | 67 B | 65.4 B | 59.8 B | 53.8 B | 51 B | 47.2 B | 46.1 B | 45.6 B | 45.4 B | 47.2 B | 46.5 B | - | - | - | - | - |
Cost of Revenue |
67.4 B | 64.1 B | 59.1 B | 57.7 B | 58 B | 56.7 B | 51.4 B | 46.5 B | 43.6 B | 41.9 B | 36 B | 35.3 B | 41.2 B | 43 B | 42.8 B | 41.8 B | 39.7 B | 36.8 B | 37.6 B | - |
Gross Profit |
7.62 B | 6.93 B | 8.48 B | 8.29 B | 9.06 B | 8.65 B | 8.37 B | 7.37 B | 5.55 B | 5.14 B | 5.3 B | 5.37 B | 4.58 B | 4.24 B | 3.7 B | 3.84 B | 4.15 B | 4.57 B | 4.23 B | - |
Operating Income |
7.73 B | 7.01 B | 8.51 B | 8.35 B | 9.12 B | 8.64 B | 8.54 B | 7.33 B | 6.74 B | 5.89 B | 4.71 B | 5.01 B | 4.5 B | 4.43 B | 4.02 B | 4.1 B | 4.37 B | 5.05 B | 4.53 B | - |
Interest Expense |
183 M | 181 M | 916 M | 623 M | 569 M | 591 M | 653 M | 668 M | 651 M | 663 M | 443 M | 340 M | 350 M | 383 M | 354 M | 345 M | 308 M | 332 M | 352 M | - |
EBITDA |
9.42 B | 8.57 B | 9.94 B | 9.75 B | 10.5 B | 9.66 B | 9.56 B | 8.53 B | 6.74 B | 6.36 B | 6.33 B | 6.37 B | 5.57 B | 5.23 B | 4.71 B | 5.16 B | 5.38 B | 5.78 B | 5.19 B | - |
Operating Expenses |
- | - | - | - | - | - | 51.3 B | 46.4 B | 43.2 B | 41.4 B | 35.8 B | 34.9 B | 40.9 B | 42.7 B | 42.5 B | - | - | - | - | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement Lockheed Martin Corporation
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2010-Q3 | 2010-Q2 | 2010-Q1 | 2009-Q4 | 2009-Q3 | 2009-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
232 M | 230 M | 230 M | - | 232 M | 234 M | 234 M | - | 238 M | 239 M | 241 M | - | 249 M | 253 M | 255 M | - | 264 M | 266 M | 268 M | 271 M | 276 M | 277 M | 279 M | 279 M | 279 M | 280 M | 281 M | 280 M | 282 M | 282 M | 282 M | - | 284 M | 285 M | 286 M | 284 M | 287 M | 288 M | 290 M | 289 M | 298 M | 303 M | 304 M | 303 M | 308 M | 312 M | 315 M | 314 M | 316 M | 317 M | 319 M | 319 M | 321 M | 321 M | 322 M | 321 M | 324 M | 324 M | 324 M | - | 330 M | 343 M | 348 M | - | 360 M | 368 M | - | - | - | - |
Net Income |
1.62 B | 1.84 B | 1.49 B | - | 1.62 B | 342 M | 1.71 B | - | 1.62 B | 1.64 B | 1.54 B | - | 1.68 B | 1.68 B | 1.69 B | - | 1.78 B | 309 M | 1.73 B | - | 614 M | 1.82 B | 1.84 B | 1.79 B | 1.7 B | 1.63 B | 1.72 B | 1.5 B | 1.61 B | 1.42 B | 1.7 B | 1.25 B | 1.47 B | 1.16 B | 1.16 B | -744 M | 963 M | 955 M | 789 M | 988 M | 2.4 B | 1.02 B | 898 M | 933 M | 865 M | 929 M | 878 M | 904 M | 888 M | 889 M | 933 M | 488 M | 873 M | 859 M | 761 M | 569 M | 727 M | 781 M | 668 M | 683 M | 700 M | 742 M | 530 M | 666 M | 571 M | 825 M | 547 M | - | 797 M | 734 M |
Revenue |
18.6 B | 20.1 B | 18 B | - | 18.6 B | 18.2 B | 18 B | - | 17.1 B | 18.1 B | 17.2 B | - | 16.9 B | 16.7 B | 15.1 B | - | 16.6 B | 15.4 B | 15 B | - | 16 B | 17 B | 16.3 B | 17 B | 16.5 B | 16.2 B | 15.7 B | 15.9 B | 15.2 B | 14.4 B | 14.3 B | 14.4 B | 14.3 B | 13.4 B | 11.6 B | 15.1 B | 12.2 B | 12.7 B | 11.2 B | 13.8 B | 11.6 B | 11.6 B | 10.4 B | 11.5 B | 10.1 B | 11.6 B | 10.1 B | 12.5 B | 11.1 B | 11.3 B | 10.6 B | 11.5 B | 11.3 B | 11.4 B | 11.1 B | 12.1 B | 11.9 B | 11.9 B | 11.3 B | 12.2 B | 12.1 B | 11.5 B | 10.6 B | - | - | - | - | - | - | - |
Cost of Revenue |
16.4 B | 17.6 B | 15.9 B | - | 16.4 B | 17.4 B | 15.6 B | - | 15 B | 16 B | 15.2 B | - | 14.8 B | 14.6 B | 13.1 B | - | 14.5 B | 13.5 B | 13.1 B | - | 13.7 B | 14.9 B | 14.1 B | - | 14.4 B | 14 B | 13.6 B | - | 13.1 B | 12.4 B | 12.1 B | - | 12.4 B | 11.6 B | 9.98 B | - | 10.7 B | 10.9 B | 9.81 B | - | 10.2 B | 10.3 B | 9.27 B | - | 8.96 B | 10.3 B | 8.85 B | - | 9.84 B | 9.96 B | 9.28 B | - | 10.2 B | 10.2 B | 10 B | - | 10.8 B | 10.7 B | 10.3 B | - | 11.1 B | 10.6 B | 9.81 B | - | 10.6 B | 10.4 B | 9.7 B | - | 10.1 B | 10.2 B |
Gross Profit |
2.24 B | 2.45 B | 2.08 B | - | 2.24 B | 734 M | 2.32 B | - | 2.12 B | 2.13 B | 1.99 B | - | 2.05 B | 2.09 B | 2.05 B | - | 2.12 B | 1.96 B | 1.91 B | - | 2.3 B | 2.15 B | 2.19 B | - | 2.14 B | 2.21 B | 2.09 B | - | 2.06 B | 1.99 B | 2.19 B | - | 1.92 B | 1.75 B | 1.66 B | - | 1.6 B | 1.66 B | 1.41 B | - | 1.38 B | 1.23 B | 1.1 B | - | 1.1 B | 1.37 B | 1.26 B | - | 1.28 B | 1.34 B | 1.37 B | - | 1.18 B | 1.22 B | 1.04 B | - | 1.02 B | 1.17 B | 1.01 B | - | 996 M | 906 M | 814 M | - | 798 M | 1.06 B | 936 M | - | 996 M | 1.01 B |
Operating Income |
2.28 B | 2.48 B | 2.06 B | - | 2.28 B | 748 M | 2.37 B | - | 2.14 B | 2.15 B | 2.03 B | - | 2.04 B | 2.14 B | 2.04 B | - | 2.16 B | 1.96 B | 1.93 B | - | 2.29 B | 2.19 B | 2.18 B | 2.29 B | 2.15 B | 2.09 B | 2.12 B | 2.15 B | 2.1 B | 2.01 B | 2.28 B | 1.85 B | 1.96 B | 1.8 B | 1.72 B | 1.95 B | 1.68 B | 1.72 B | 1.4 B | 1.43 B | 1.59 B | 1.38 B | 1.16 B | 1.1 B | 1.19 B | 1.27 B | 1.15 B | 1.34 B | 1.39 B | 1.43 B | 1.43 B | 834 M | 1.25 B | 1.3 B | 1.12 B | 1.06 B | 1.14 B | 1.19 B | 1.04 B | 1.11 B | 1.04 B | 999 M | 880 M | 1.04 B | 889 M | 1.14 B | 982 M | - | 1.08 B | 1.08 B |
Interest Expense |
43 M | 45 M | 60 M | - | 43 M | 42 M | 30 M | - | 18 M | 46 M | 45 M | - | 37 M | -17 M | 202 M | - | 145 M | 141 M | 135 M | - | 141 M | 142 M | 140 M | - | 145 M | 149 M | 148 M | - | 162 M | 163 M | 171 M | - | 177 M | 165 M | 155 M | - | 162 M | 160 M | 155 M | - | 162 M | 165 M | 165 M | - | 104 M | 104 M | 93 M | - | 82 M | 85 M | 86 M | - | 84 M | 88 M | 92 M | - | 97 M | 96 M | 96 M | - | 89 M | 84 M | 85 M | - | 85 M | 86 M | 88 M | - | 67 M | 76 M |
EBITDA |
2.28 B | 3.28 B | 2.46 B | - | - | - | 2.77 B | - | - | - | - | - | - | - | - | - | 2.16 B | 1.96 B | 1.93 B | - | 2.29 B | 2.19 B | 2.18 B | 2.29 B | 2.15 B | 2.09 B | 2.12 B | 2.15 B | 2.1 B | 2.01 B | 2.28 B | 1.85 B | 1.96 B | 1.8 B | 1.72 B | 1.95 B | 1.68 B | 1.72 B | 1.4 B | 1.43 B | 1.67 B | 1.44 B | 1.45 B | 1.1 B | 1.92 B | 1.76 B | 1.39 B | 1.34 B | 2.12 B | 1.9 B | 1.67 B | 834 M | 1.96 B | 1.77 B | 1.35 B | 1.06 B | 1.85 B | 1.66 B | 1.28 B | 1.11 B | 1.77 B | 1.49 B | 1.13 B | 1.04 B | 1.43 B | 1.49 B | 1.15 B | - | 1.63 B | 1.44 B |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company Lockheed Martin Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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