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NYSE · GUIDED MISSILES & SPACE VEHICLES & PARTS · LARGE CAP

Lockheed Martin Corp. LMT

19 fiscal years on record · USD · FY2025 reported · SEC filings only
18 YEARS OF DIVIDEND GROWTH
$75.0B
▲ 5.6% YoY
$5.0B
▼ 6.0% YoY
$6.9B
▲ 30.7% YoY
In brief

What this company does

Lockheed Martin Corporation is a global aerospace and defense technology company whose defense, space, intelligence, homeland security, information technology, and cybersecurity capabilities serve U.S. and international customers in defense, civil and commercial applications. As of December 31, 2025, the company had approximately 123,000 employees, including approximately 72,000 engineers, scientists and information technology professionals. It operates in four business segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Aeronautics is engaged in the research, design, development, manufacture, integration, sustainment, support, and upgrade of military aircraft, including combat and air mobility aircraft and unmanned air vehicles. Space is engaged in the research, design, development, engineering, and production of satellites, space transportation systems, and strategic, advanced strike, and defensive systems. It is a Maryland corporation formed in 1995 by combining the businesses of Lockheed Corporation and Martin Marietta Corporation.

Written from the business description in LOCKHEED MARTIN CORP's annual report to the U.S. Securities and Exchange Commission, filed 29 January 2026. Every sentence was checked against that document before publication.

Growth
USD 75.0B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 75.0 · Net income 5.0
40B2007201020132016201920222025
Compound annual growth
+4.4%
+2.8%
+6.4%
+3.4%
−4.3%
−6.0%
+3.4%
+3.8%
−0.3%
−2.4%
+6.5%
+7.0%
+5.4%
+6.4%
+8.1%
+11.4%
−17.5%
+9.7%
+2.4%
+4.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +2.8% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
7 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 10.3% · Net 6.7%
5%10%2007201020132016201920222025
ROE
FY2025 · ROE 76.9%
500%1000%1500%2007201020132016201920222025

Each USD of equity produced 77 cents of profit this year.

Cash & shareholders
USD 6.1B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 6.9
4B2007201020132016201920222025
Net buybacks $B Dividends $B
FY2025 · Dividends 3.1 · Net buybacks 3.0
4B8BDividendsNet buybacks2007201020132016201920222025

USD 3.1B in dividends and USD 3.0B in buybacks — 122% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 59.8B
EquityUSD 6.7B
CashUSD 4.1B
Gross debtUSD 21.7B
Net debtUSD 17.6B
Current ratio1.09×

Net debt stands at 262% of equity.

The 19-year record
19 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B75.071.067.666.067.065.459.853.850.047.340.539.945.447.246.545.743.941.441.9
Operating income $B7.77.08.58.39.18.68.57.36.75.94.75.04.54.44.04.14.45.04.5
EBITDA $B9.48.69.99.310.09.59.38.17.56.65.45.75.25.14.74.95.15.85.2
Income tax $B0.90.91.20.91.21.31.00.83.41.11.21.41.21.31.01.21.21.51.3
Net income $B5.05.36.95.76.36.86.25.02.05.23.63.63.02.72.72.93.03.23.0
Free cash flow $B6.95.36.26.17.76.45.81.95.34.14.23.03.70.63.32.72.63.53.3
EPS, diluted $21.4922.3127.5521.6622.7624.3021.9517.596.7517.0711.4611.219.138.367.817.817.647.867.10
Dividend / sh $13.3512.7512.1511.4010.609.809.008.207.466.776.155.494.784.153.252.642.341.831.47
Payout %625744534740414711040544952494134312320
ROE %76.981.086.056.774.4149.5275.61855.1593.9224.5111.086.9120.3527.9118.177.187.050.830.9
Shares out B0.230.230.240.250.270.280.28·0.280.290.300.310.320.32·0.35···

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 92 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 3 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityGuided Missiles & Space Vehicles & Parts
Listed onNYSE
Incorporated inMaryland
Fiscal year endsDecember 31
Data on record since2007

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