MARKETS / NYSE / LMT

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

Lockheed Martin Corporation LMT

19 fiscal years on record · USD · FY2025 reported

SEC FILINGS ONLY18 YEARS OF DIVIDEND GROWTH

Revenue · FY2025

$75.0B

▲ 5.6% vs FY2024

Dividend streak

18 yrs

Raised every year since 2008

EPS · FY25

$21.49

Dividend / sh · FY25

$13.35

Payout · FY25

62%

ROE · FY25

76.9%

Net margin · FY25

6.7%

Dividend coverage

1.6×

Result

USD 75.0B

Revenue, FY2025 · full 19-year series below

Revenue Net income

7 cents of every revenue dollar became profit this year.

Per share

USD 21.49

Diluted EPS, FY2025

EPS Dividend

Earnings covered the dividend 1.6 times — the rest stayed in the company.

Profitability

76.9%

Return on equity, FY2025

ROE

Operating margin10.3%

Net margin6.7%

Return on assets8.7%

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

Returned to shareholders

USD 6.1B

returned in FY2025 · dividends + net buybacks

Dividends paidUSD 3.1B

Net buybacksUSD 3.0B

Share of profit122.2%

Consecutive raises18 years

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.

Growth

+2.8% a year

revenue, compounded over five years

CAGR

3 yrs

5 yrs

10 yrs

15 yrs

Revenue

+4.4%

+2.8%

+6.4%

+3.4%

Net income

−4.3%

−6.0%

+3.4%

+3.8%

EPS, diluted

−0.3%

−2.4%

+6.5%

+7.0%

Dividend / share

+5.4%

+6.4%

+8.1%

+11.4%

Returned to shareholders

−17.5%

+9.7%

+2.4%

+4.2%

Compound annual rates per period — left blank where the series crosses a loss.

Share base

0.23B

Shares outstanding, FY2025

Change, 5 years−17.9%

Change, 10 years−24.4%

The share count shrank 18% in five years — the same company, cut into fewer, larger slices.

Balance sheet

USD 59.8B

total assets, end of FY2025

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.

History

19 fiscal years

Every figure from documents filed with the SEC · USD

Metric

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

Revenue $B

75.0

71.0

67.6

66.0

67.0

65.4

59.8

53.8

50.0

47.3

40.5

39.9

45.4

47.2

46.5

45.7

43.9

41.4

41.9

Operating income $B

7.7

7.0

8.5

8.3

9.1

8.6

8.5

7.3

6.7

5.9

4.7

5.0

4.5

4.4

4.0

4.1

4.4

5.0

4.5

EBITDA $B

9.4

8.6

9.9

9.3

10.0

9.5

9.3

8.1

7.5

6.6

5.4

5.7

5.2

5.1

4.7

4.9

5.1

5.8

5.2

Income tax $B

0.9

1.2

0.9

1.2

1.3

1.0

0.8

3.4

1.1

1.2

1.4

1.2

1.3

1.0

1.2

1.5

1.3

Net income $B

5.0

5.3

6.9

5.7

6.3

6.8

6.2

5.0

2.0

5.2

3.6

3.0

2.7

2.9

3.0

3.2

3.0

EPS, diluted $

21.49

22.31

27.55

21.66

22.76

24.30

21.95

17.59

6.75

17.07

11.46

11.21

9.13

8.36

7.81

7.64

7.86

7.10

Dividend / sh $

13.35

12.75

12.15

11.40

10.60

9.80

9.00

8.20

7.46

6.77

6.15

5.49

4.78

4.15

3.25

2.64

2.34

1.83

1.47

Payout %

110

ROE %

76.9

81.0

86.0

56.7

74.4

149.5

275.6

1855.1

593.9

224.5

111.0

86.9

120.3

527.9

118.1

77.1

87.0

50.8

30.9

Shares out B

0.23

0.24

0.25

0.27

0.28

0.29

0.30

0.31

0.32

0.35

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED

73 of 73

checks passed before publication

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed

Market capitalizationneeds a market quote — not yet licensed

Dividend yieldneeds a market quote — not yet licensed

Price-to-bookneeds a market quote — not yet licensed