LMT (Lockheed Martin Corporation) Stock Financials & Earnings | Market Cap Arena

LMT (Lockheed Martin Corporation) Stock Financials & Earnings | Market Cap Arena

LMTLockheed Martin Corporation

Mkt Cap$152B

LMTLockheed Martin Corporation

$152B

Company Info & Key Metrics

Industrials Aerospace & Defense

Country🇺🇸 United States

ExchangeNYSE

Revenue$20.3B

YoY Growth+9.2%

QoQ Growth+9.2%

Net Income$1.3B

EPS$5.80

Free Cash Flow$2.8B

Gross Margin11.4%

Op. Margin11.5%

Net Margin6.6%

FCF Margin13.6%

Rev Multiple (TTM)2.0x

P/E Ratio (TTM)30.3x

Revenue & Profitability

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

Revenue Breakdown

Valuation

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

Operating 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

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

OpEx vs Revenue Growth (YoY)

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%

Stock-Based Compensation

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%

OpEx Breakdown

Quarter	G&A
Q2 25	$99M

Revenue Segments

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

Revenue by Geography

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

War Chest

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

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%

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