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LMT (Lockheed Martin Corporation) Stock Financials & Earnings | Market Cap Arena
2025 Q4
LMT
Lockheed Martin Corporation
Mkt Cap
$152B
LMT
Lockheed Martin Corporation
$152B
2025 Q4
Company Info & Key Metrics
Industrials
Aerospace & Defense
Country
🇺🇸 United States
Exchange
NYSE
Revenue
$20.3B
YoY Growth
+9.2%
QoQ Growth
+9.2%
Net Income
$1.3B
EPS
$5.80
Free Cash Flow
$2.8B
Gross Margin
11.4%
Op. Margin
11.5%
Net Margin
6.6%
FCF Margin
13.6%
Rev Multiple (TTM)
2.0x
P/E Ratio (TTM)
30.3x
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$15.1B
$2.0B
$2.0B
Q2 23
$16.7B
$2.1B
$2.1B
Q3 23
$16.9B
$2.0B
$2.0B
Q4 23
$18.9B
$2.3B
$2.3B
Q1 24
$17.2B
$2.0B
$2.0B
Q2 24
$18.1B
$2.2B
$2.1B
Q3 24
$17.1B
$2.1B
$2.1B
Q4 24
$18.6B
$690M
$696M
Q1 25
$18.0B
$2.3B
$2.4B
Q2 25
$18.2B
$734M
$748M
Q3 25
$18.6B
$2.2B
$2.3B
Q4 25
$20.3B
$2.3B
$2.3B
marketcaparena.com
Revenue Breakdown
LMT
Lockheed Martin Corporation
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
2.3x
26.7x
Q2 23
2.3x
21.5x
Q3 23
2.2x
21.8x
Q4 23
2.2x
21.9x
Q1 24
2.2x
22.4x
Q2 24
2.1x
22.5x
Q3 24
2.1x
22.7x
Q4 24
2.1x
28.4x
Q1 25
2.1x
27.6x
Q2 25
2.1x
36.1x
Q3 25
2.1x
36.1x
Q4 25
2.0x
30.3x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$1.6B
$1.3B
Q2 23
$1.1B
$771M
Q3 23
$2.9B
$2.5B
Q4 23
$2.4B
$1.7B
Q1 24
$1.6B
$1.3B
Q2 24
$1.9B
$1.5B
Q3 24
$2.4B
$2.1B
Q4 24
$1.0B
$441M
Q1 25
$1.4B
$955M
Q2 25
$201M
-$150M
Q3 25
$3.7B
$3.3B
Q4 25
$3.2B
$2.8B
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$294M
Q2 23
$329M
Q3 23
$364M
Q4 23
$704M
Q1 24
$378M
Q2 24
$370M
Q3 24
$355M
Q4 24
$582M
Q1 25
$454M
Q2 25
$351M
Q3 25
$381M
Q4 25
$463M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+1.1%
+0.4%
Q2 23
+8.1%
+7.9%
Q3 23
+1.8%
+2.9%
Q4 23
-0.6%
-0.7%
Q1 24
+13.7%
+15.9%
Q2 24
+8.6%
+9.7%
Q3 24
+1.3%
+0.9%
Q4 24
-1.3%
+8.1%
Q1 25
+4.5%
+2.8%
Q2 25
+0.2%
+9.0%
Q3 25
+8.8%
+9.1%
Q4 25
+9.2%
+0.4%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$57M
0.4%
Q2 23
$89M
0.5%
Q3 23
$75M
0.4%
Q4 23
$44M
0.2%
Q1 24
$61M
0.4%
Q2 24
$93M
0.5%
Q3 24
$75M
0.4%
Q4 24
$48M
0.3%
Q1 25
$60M
0.3%
Q2 25
$81M
0.4%
Q3 25
$74M
0.4%
Q4 25
$89M
0.4%
marketcaparena.com
OpEx Breakdown
G&A
Quarter
G&A
Q2 25
$99M
marketcaparena.com
Revenue Segments
Aeronautics
Missiles And Fire Control
Rotary and Mission Systems
Space
Quarter
Aeronautics
Missiles And Fire Control
Rotary and Mission Systems
Space
Q1 23
$6.3B
$2.4B
$3.5B
$3.0B
Q2 23
$6.9B
$2.8B
$3.9B
$3.2B
Q3 23
$6.7B
$2.9B
$4.1B
$3.1B
Q4 23
$7.6B
$3.2B
$4.7B
$3.4B
Q1 24
$6.8B
$3.0B
$4.1B
$3.3B
Q2 24
$7.3B
$3.1B
$4.5B
$3.2B
Q3 24
$6.5B
$3.2B
$4.4B
$3.1B
Q4 24
$8.0B
$3.4B
$4.3B
$2.9B
Q1 25
$7.1B
$3.4B
$4.3B
$3.2B
Q3 25
$7.3B
$3.6B
$4.4B
$3.4B
marketcaparena.com
Revenue by Geography
Asia Pacific
Europe
Middle East
Other
United States
Quarter
Asia Pacific
Europe
Middle East
Other
United States
Q1 23
$1.2B
$1.6B
$866M
$292M
$11.1B
Q2 23
$1.5B
$1.6B
$793M
$302M
$12.6B
Q3 23
$1.5B
$1.7B
$880M
$315M
$12.6B
Q4 23
$1.7B
$2.2B
$1.0B
$319M
$13.7B
Q1 24
$1.4B
$1.7B
$739M
$315M
$13.0B
Q2 24
$1.6B
$1.8B
$845M
$403M
$13.5B
Q3 24
$1.5B
$1.7B
$729M
$398M
$12.8B
Q4 24
$1.7B
$2.5B
$762M
$367M
$13.3B
Q1 25
$1.7B
$2.0B
$704M
$506M
$13.0B
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$2.4B
$0
$2.4B
Q2 23
$3.7B
$0
$3.7B
Q3 23
$3.6B
$0
$3.6B
Q4 23
$1.4B
$0
$1.4B
Q1 24
$2.8B
$0
$2.8B
Q2 24
$2.5B
$0
$2.5B
Q3 24
$3.2B
$0
$3.2B
Q4 24
$2.5B
$0
$2.5B
Q1 25
$1.8B
$0
$1.8B
Q2 25
$1.3B
$0
$1.3B
Q3 25
$3.5B
$0
$3.5B
Q4 25
$4.1B
$0
$4.1B
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
256M
-1.0%
Q2 23
254M
-0.8%
Q3 23
250M
-1.3%
Q4 23
246M
-1.6%
Q1 24
242M
-1.8%
Q2 24
240M
-0.8%
Q3 24
239M
-0.4%
Q4 24
237M
-0.7%
Q1 25
235M
-0.7%
Q2 25
234M
-0.4%
Q3 25
233M
-0.6%
Q4 25
232M
-0.4%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$357K
112K
FY 15
$322K
126K
FY 16
$488K
97K
FY 17
$500K
100K
FY 18
$512K
105K
FY 19
$544K
110K
FY 20
$574K
114K
FY 21
$588K
114K
FY 22
$569K
116K
FY 23
$554K
122K
FY 24
$587K
121K
FY 25
$610K
123K
marketcaparena.com