Lockheed Martin Corporation (LMT) — Financial statements
Income statement, balance sheet, and cash flow for Lockheed Martin Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 75,057↑5.7% | 71,043↑5.1% | 67,571↑2.4% | 65,984↓1.6% | 67,044 | |
| Cost of Revenue | 67,429↑5.2% | 64,113↑8.5% | 59,092↑2.4% | 57,697↓0.5% | 57,983 | |
| Gross Profit | 7,619↑9.9% | 6,930↓18.3% | 8,479↑2.3% | 8,287↓8.5% | 9,061 | |
| Operating Expenses | ||||||
| R&D Expenses | 2,000↑25.0% | 1,600↑6.7% | 1,500↓11.8% | 1,700↑13.3% | 1,500 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 50↓63.5% | 137↓72.5% | 499↓42.3% | 865↓30.3% | 1,241 | |
| Other Expenses | -2,162↓18.8% | -1,820↑10.2% | -2,027↑22.8% | -2,626↑6.3% | -2,803 | |
| Operating Expenses | -112↓34.9% | -83↓196.4% | -28↑54.1% | -61↑1.6% | -62 | |
| Total Costs & Expenses | 67,326↑5.1% | 64,030↑8.4% | 59,064↑2.5% | 57,636↓0.5% | 57,921 | |
| Operating Results | ||||||
| Operating Income | 7,731↑10.2% | 7,013↓17.6% | 8,507↑1.9% | 8,348↓8.5% | 9,123 | |
| Depreciation & Amortization | 714↓54.2% | 1,560↑9.1% | 1,430↑1.9% | 1,404↑2.9% | 1,364 | |
| EBITDA | 7,754↓12.0% | 8,816↓15.6% | 10,444↑19.9% | 8,707↓8.2% | 9,483 | |
| EBIT | 7,040↓3.0% | 7,256↓19.5% | 9,014↑23.4% | 7,303↓10.1% | 8,119 | |
| Interest & Other Income | ||||||
| Net Interest Income | -1,118↓7.9% | -1,036↓13.1% | -916↓47.0% | -623↓9.5% | -569 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 1,118↑7.9% | 1,036↑13.1% | 916↑47.0% | 623↑9.5% | 569 | |
| Non-Operating Income | 691↑384.4% | -243↑52.1% | -507↓148.5% | 1,045↑4.1% | 1,004 | |
| Other Income / Expenses | -1,809↓128.1% | -793↓93.9% | -409↑75.5% | -1,668↓6.0% | -1,573 | |
| Income Before Tax | 5,922↓4.8% | 6,220↓23.2% | 8,098↑21.2% | 6,680↓11.5% | 7,550 | |
| Income Tax Expense | 905↑2.4% | 884↓25.0% | 1,178↑24.3% | 948↓23.2% | 1,235 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 5,017↓6.0% | 5,336↓22.9% | 6,920↑20.7% | 5,732↓9.2% | 6,315 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 5,017↓6.0% | 5,336↓22.9% | 6,920↑20.7% | 5,732↓9.2% | 6,315 | |
| Bottom-Line Net Income | 5,017↓6.0% | 5,336↓22.9% | 6,920↑20.7% | 5,732↓9.2% | 6,315 | |
| EPS (Basic) | 21.56↓3.7% | 22.39↓19.0% | 27.65↑27.2% | 21.74↓4.9% | 22.85 | |
| EPS (Diluted) | 21.49↓3.7% | 22.31↓19.0% | 27.55↑27.2% | 21.66↓4.9% | 22.77 | |
| Weighted Average Shares | 231↓3.1% | 238↓4.8% | 250↓5.1% | 264↓4.6% | 276 | |
| Weighted Average Diluted Shares | 232↓3.1% | 239↓4.8% | 251↓5.1% | 265↓4.6% | 277 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.