Lockheed Martin Corporation

Lockheed Martin Corporation

LMT · NYSE · Industrials / Aerospace & Defense

596.04USD-8.05 (-1.33%)

Price History

Full chart

Market Stats

Previous Close604.09
Open605.00
Day Range588.74 – 605.87
52-Week Range429.47 – 683.27
Volume913.70K
Market Cap145.48B
P/E (TTM)22.12
Forward P/E18.87
EPS28.47
Dividend Yield2.31%
Beta0.10
50-Day Avg541.25
200-Day Avg567.27

About

Lockheed Martin Corporation, an aerospace and defense company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services in the United States, Europe, Asia, the Middle East, and internationally. The company operates through four segments: Aeronautics; Missiles and Fire Control (MFC); Rotary and Mission Systems (RMS); and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment provides air and missile defense systems; tactical missiles and precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; and ground vehicles. The RMS segment offers military and commercial helicopters, surface ships, sea- and land-based missile defense systems, radar and laser systems, sea- and air-based mission and combat systems, command and control mission solutions, cyber solutions, simulation and training solutions, and services and support for surface ships. The Space segment provides satellites; space transportation systems; strategic, advanced strike, and defensive systems; and classified systems and services in support of national security systems. This segment also provides network-enabled situational awareness; and integrates space and ground global systems to help its customers gather, analyze, and securely distribute critical intelligence data. It primarily serves the U.S. government and international customers, as well as foreign military sales contracted through the U.S. government. The company was formerly known as The Lockheed Corporation and changed its name to Lockheed Martin Corporation in March 1995. Lockheed Martin Corporation was founded in 1912 and is based in Bethesda, Maryland.

Company Details

  • SectorIndustrials
  • IndustryAerospace & Defense
  • CEOMr. James D. Taiclet Jr.
  • Employees123.00K
  • Headquarters6801 Rockledge Drive, Bethesda, MD, United States, 20817, USA
  • Websitehttps://www.lockheedmartin.com

Leadership

  • Mr. James D. Taiclet Jr.Chairman, President & CEO · b. 1961
  • Mr. Evan T. ScottChief Financial Officer · b. 1977
  • Mr. Frank A. St. JohnChief Operating Officer · b. 1967
  • Mr. Timothy S. CahillPresident of Missiles & Fire Control · b. 1966
  • Dr. Craig MartellChief Technology Officer
  • Ms. Maria DemareeSenior VP of Enterprise Business & Digital Transformation and Chief information Officer · b. 1969
  • Mark D. KvasnakVice President of Investor Relations
  • Ms. Jenna McMullinSenior VP & Chief Communications Officer
  • Mr. Christopher J. WronskySenior VP & Chief Human Resource Officer
  • Ms. Stephanie C. HillPresident of Rotary & Mission Systems · b. 1965

Financials

Income Statement

Currency: USD1992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue16.03B22.40B22.91B22.85B26.88B28.07B26.27B25.53B25.33B23.99B26.58B31.82B35.53B37.21B39.62B41.86B42.73B45.19B45.80B46.50B47.18B45.36B39.95B40.54B47.29B49.96B53.76B59.81B65.40B67.04B65.98B67.57B71.04B75.06B
Growth (%)-+39.72%+2.27%-0.23%+17.60%+4.44%-6.42%-2.80%-0.79%-5.29%+10.79%+19.74%+11.63%+4.75%+6.47%+5.66%+2.08%+5.75%+1.36%+1.52%+1.47%-3.87%-11.93%+1.48%+16.66%+5.65%+7.61%+11.25%+9.34%+2.52%-1.58%+2.41%+5.14%+5.65%
Cost of Revenue14.89B20.86B21.13B20.88B24.59B25.77B23.91B23.86B22.75B22.45B24.63B29.85B33.56B34.68B36.19B37.63B38.08B40.97B41.97B42.80B42.94B40.77B35.26B36.04B41.89B43.59B46.39B51.45B56.74B57.98B57.70B59.09B64.11B67.43B
Gross Profit1.14B1.54B1.78B1.97B2.28B2.30B2.35B1.67B2.58B1.54B1.95B1.98B1.97B2.54B3.43B4.23B4.65B4.22B3.84B3.70B4.24B4.58B4.68B4.49B5.40B6.37B7.37B8.37B8.65B9.06B8.29B8.48B6.93B7.62B
Gross Margin7.11%6.88%7.77%8.63%8.49%8.18%8.95%6.52%10.19%6.43%7.33%6.21%5.54%6.82%8.67%10.11%10.88%9.35%8.37%7.97%8.99%10.10%11.72%11.08%11.42%12.75%13.71%13.99%13.23%13.52%12.56%12.55%9.75%10.15%
Operating Expense000690.00M0000968.00M000-121.00M-449.00M-519.00M-293.00M-482.00M-242.00M-261.00M-276.00M-190.00M78.00M-909.00M-220.00M-487.00M-373.00M36.00M-178.00M10.00M-62.00M-61.00M-28.00M-83.00M-112.00M
Operating Income1.14B1.54B1.78B1.28B2.28B2.30B2.35B1.67B1.61B1.54B1.95B1.98B2.09B2.99B3.95B4.53B5.13B4.47B4.10B3.98B4.43B4.50B5.59B4.71B5.89B6.74B7.33B8.54B8.64B9.12B8.35B8.51B7.01B7.73B
Operating Margin7.11%6.88%7.77%5.61%8.49%8.18%8.95%6.52%6.37%6.43%7.33%6.21%5.88%8.02%9.98%10.81%12.01%9.88%8.94%8.56%9.40%9.93%14.00%11.62%12.45%13.50%13.64%14.29%13.22%13.61%12.65%12.59%9.87%10.30%
EBITDA1.73B2.48B2.72B2.21B3.48B3.35B3.36B2.63B2.14B2.37B1.72B2.58B2.75B3.69B4.20B5.54B5.94B5.33B5.17B4.99B5.44B5.50B6.01B5.77B6.63B7.09B7.67B9.08B10.12B9.48B8.71B8.51B8.81B8.73B
EBITDA Margin10.81%11.06%11.86%9.68%12.94%11.93%12.78%10.32%8.44%9.86%6.46%8.12%7.73%9.92%10.60%13.23%13.90%11.78%11.30%10.74%11.54%12.11%15.05%14.23%14.02%14.20%14.26%15.19%15.47%14.14%13.20%12.59%12.41%11.63%
Net Income-361.00M829.00M1.02B682.00M1.35B1.30B1.00B382.00M-519.00M-1.05B500.00M1.05B1.27B1.82B2.53B3.03B3.22B3.02B2.93B2.65B2.75B2.98B3.61B3.60B5.30B2.00B5.05B6.23B6.83B6.32B5.73B6.92B5.34B5.02B
Net Income Margin-2.25%3.70%4.44%2.98%5.01%4.63%3.81%1.50%-2.05%-4.36%1.88%3.31%3.56%4.90%6.38%7.25%7.53%6.69%6.39%5.71%5.82%6.57%9.05%8.89%11.21%4.01%9.39%10.42%10.45%9.42%8.69%10.24%7.51%6.68%
R&D--------850.00M798.00M830.00M903.00M962.00M1.04B1.14B1.21B698.00M724.00M638.00M585.00M616.00M697.00M751.00M817.00M988.00M1.20B1.30B1.30B1.30B1.50B1.70B1.50B1.60B2.00B
R&D as % of Total Revenue--------3.36%3.33%3.12%2.84%2.71%2.80%2.87%2.88%1.63%1.60%1.39%1.26%1.31%1.54%1.88%2.02%2.09%2.40%2.42%2.17%1.99%2.24%2.58%2.22%2.25%2.66%
Interest Expense177.00M278.00M304.00M288.00M700.00M842.00M861.00M809.00M919.00M700.00M581.00M487.00M425.00M370.00M361.00M352.00M341.00M305.00M345.00M354.00M383.00M350.00M340.00M443.00M663.00M651.00M668.00M653.00M591.00M569.00M623.00M916.00M1.04B1.12B
Interest Expense % of Total Revenue1.10%1.24%1.33%1.26%2.60%3.00%3.28%3.17%3.63%2.92%2.19%1.53%1.20%0.99%0.91%0.84%0.80%0.67%0.75%0.76%0.81%0.77%0.85%1.09%1.40%1.30%1.24%1.09%0.90%0.85%0.94%1.36%1.46%1.49%

Balance Sheet

Currency: USD1992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-17.11B18.05B17.65B29.26B28.36B28.74B30.01B30.35B27.65B25.76B26.18B25.55B27.74B28.23B28.93B33.44B35.10B35.07B37.91B38.66B36.19B37.07B49.13B47.81B46.52B44.88B47.53B50.71B50.87B52.88B52.46B55.62B59.84B
Total Liabilities-11.91B11.96B11.21B22.40B23.18B22.61B23.65B23.19B21.21B19.89B19.42B18.53B19.88B21.35B19.12B30.57B30.98B31.36B36.91B38.62B31.27B33.67B46.03B46.20B47.13B43.43B44.36B44.67B39.91B43.61B45.62B49.28B53.12B
Total Equity-5.20B6.09B6.43B6.86B5.18B6.14B6.36B7.16B6.44B5.87B6.76B7.02B7.87B6.88B9.80B2.87B4.13B3.71B1.00B39.00M4.92B3.40B3.10B1.61B-683.00M1.39B3.13B6.01B10.96B9.27B6.83B6.33B6.72B
Cash-366.00M639.00M653.00M--285.00M455.00M1.50B912.00M2.74B1.01B1.06B2.24B1.91B2.65B2.17B2.39B2.26B3.58B1.90B2.62B1.45B1.09B1.84B2.86B772.00M1.51B3.16B3.60B2.55B1.44B2.48B4.12B
Total Debt-4.37B3.88B3.73B11.48B11.90B10.89B11.95B9.96B7.51B7.58B6.21B5.12B4.99B4.44B4.41B3.81B5.09B6.89B8.12B6.31B7.96B8.00B15.26B16.05B14.26B14.10B12.65B12.17B11.68B15.55B17.46B20.27B21.70B
Net Debt-4.01B3.24B3.08B11.48B11.90B10.60B11.50B8.45B6.60B4.84B5.20B4.06B2.74B2.53B1.76B1.64B2.66B2.76B2.88B4.41B3.54B4.72B14.17B12.45B11.40B13.33B11.14B9.01B8.07B12.88B16.02B17.79B17.58B

Cash Flow

Currency: USD1992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow1.18B1.46B1.49B1.29B1.64B1.21B2.03B1.08B2.02B1.82B2.29B1.81B2.92B3.19B3.78B4.24B4.42B3.17B3.55B4.25B1.56B4.55B3.87B5.10B5.19B6.48B3.14B7.31B8.18B9.22B7.80B7.92B6.97B8.56B
Investing Cash Flow-591.00M-2.81B-502.00M-699.00M-8.03B185.00M-455.00M-1.64B1.76B139.00M-539.00M-1.46B-708.00M-499.00M-1.66B-1.21B-907.00M-1.52B-319.00M-813.00M-1.22B-1.12B-1.72B-9.73B-985.00M-1.15B-1.07B-1.24B-2.01B-1.16B-1.79B-1.69B-1.79B-1.98B
Financing Cash Flow-575.00M1.36B-718.00M-579.00M5.74B-1.39B-1.29B731.00M-2.73B-2.56B77.00M-2.08B-2.17B-1.51B-2.46B-2.30B-3.94B-1.48B-3.36B-2.12B-2.07B-2.71B-3.31B4.28B-3.46B-4.30B-4.15B-5.33B-4.53B-7.62B-7.07B-7.33B-4.14B-4.94B
Capital Expenditure498.00M536.00M509.00M531.00M737.00M750.00M697.00M669.00M500.00M619.00M662.00M687.00M769.00M865.00M893.00M940.00M926.00M852.00M820.00M987.00M942.00M836.00M845.00M939.00M1.06B1.18B1.28B1.48B1.77B1.52B1.67B1.69B1.69B1.65B
Free Cash Flow680.00M923.00M984.00M761.00M899.00M458.00M1.33B408.00M1.52B1.21B1.63B1.12B2.15B2.33B2.89B3.30B3.50B2.32B2.73B3.27B619.00M3.71B3.02B4.16B4.13B5.30B1.86B5.83B6.42B7.70B6.13B6.23B5.29B6.91B
Dividends Paid204.00M260.00M274.00M314.00M362.00M352.00M310.00M345.00M183.00M192.00M199.00M261.00M405.00M462.00M538.00M615.00M737.00M908.00M969.00M1.09B1.35B1.54B1.76B1.93B2.05B2.16B2.35B2.56B2.76B2.94B3.02B3.06B3.06B3.13B
FCF to OCF57.72%63.26%65.91%58.90%54.95%37.91%65.68%37.88%75.20%66.08%71.07%62.02%73.70%72.92%76.39%77.84%79.05%73.15%76.88%76.79%39.65%81.61%78.14%81.59%79.51%81.83%59.27%79.70%78.42%83.49%78.60%78.65%75.83%80.73%
Dividend Paid to FCF30.00%28.17%27.85%41.26%40.27%76.86%23.24%84.56%12.07%15.92%12.24%23.26%18.79%19.84%18.62%18.63%21.09%39.12%35.53%33.53%218.42%41.51%58.26%46.42%49.64%40.82%126.18%43.86%43.07%38.19%49.18%49.06%57.86%45.32%

Earnings

Report DateOct 23, 1995Jan 22, 1996Apr 24, 1996Jul 23, 1996Oct 22, 1996Jan 21, 1997Apr 22, 1997Jul 22, 1997Oct 21, 1997Jan 20, 1998Apr 21, 1998Jul 21, 1998Oct 20, 1998Jan 28, 1999Apr 20, 1999Jul 20, 1999Oct 29, 1999Jan 28, 2000Apr 25, 2000Jul 20, 2000Oct 26, 2000Jan 25, 2001Apr 24, 2001Jul 26, 2001Oct 26, 2001Jan 25, 2002Apr 23, 2002Jul 18, 2002Oct 25, 2002Jan 24, 2003Apr 22, 2003Jul 24, 2003Oct 28, 2003Jan 27, 2004Apr 27, 2004Jul 27, 2004Oct 26, 2004Jan 27, 2005Apr 26, 2005Jul 26, 2005Oct 25, 2005Jan 26, 2006Apr 25, 2006Jul 25, 2006Oct 24, 2006Jan 25, 2007Apr 24, 2007Jul 24, 2007Oct 23, 2007Jan 24, 2008Apr 22, 2008Jul 22, 2008Oct 21, 2008Jan 22, 2009Apr 21, 2009Jul 21, 2009Oct 20, 2009Jan 28, 2010Apr 21, 2010Jul 27, 2010Oct 19, 2010Jan 27, 2011Apr 26, 2011Jul 26, 2011Oct 26, 2011Jan 26, 2012Apr 26, 2012Jul 24, 2012Oct 24, 2012Jan 24, 2013Apr 23, 2013Jul 23, 2013Oct 22, 2013Jan 23, 2014Apr 22, 2014Jul 22, 2014Oct 21, 2014Jan 27, 2015Apr 21, 2015Jul 20, 2015Oct 20, 2015Jan 26, 2016Apr 26, 2016Jul 19, 2016Oct 25, 2016Jan 24, 2017Apr 25, 2017Jul 18, 2017Oct 24, 2017Jan 29, 2018Apr 24, 2018Jul 24, 2018Oct 23, 2018Jan 29, 2019Apr 23, 2019Jul 23, 2019Oct 22, 2019Jan 28, 2020Apr 21, 2020Jul 21, 2020Oct 20, 2020Jan 26, 2021Apr 20, 2021Jul 26, 2021Oct 26, 2021Jan 25, 2022Apr 19, 2022Jul 19, 2022Oct 18, 2022Jan 24, 2023Apr 18, 2023Jul 18, 2023Oct 17, 2023Jan 23, 2024Apr 23, 2024Jul 23, 2024Oct 22, 2024Jan 28, 2025Apr 22, 2025Jul 22, 2025Oct 21, 2025Jan 29, 2026Apr 23, 2026Jul 23, 2026Oct 20, 2026Oct 22, 2026
EPS Estimate0.630.680.590.630.680.730.650.710.770.890.720.760.850.810.52-0.130.470.590.100.200.240.360.210.290.370.480.480.570.660.810.420.520.530.760.530.610.650.720.750.810.901.151.151.161.241.461.371.531.641.701.641.881.891.921.641.821.841.991.421.781.592.251.511.941.811.951.711.911.851.822.042.192.271.952.532.662.722.832.502.672.712.952.602.932.873.042.743.083.27-5.213.363.914.314.394.374.745.055.045.815.716.096.416.316.531.997.146.176.396.727.376.046.456.657.255.856.456.486.606.356.426.365.756.697.227.257.49
EPS Actual0.650.690.610.670.690.740.670.700.760.900.710.770.840.810.51-0.110.480.590.120.290.280.380.230.330.410.490.500.580.660.850.550.600.660.770.650.660.690.830.801.020.961.121.341.341.461.681.391.781.801.891.752.011.852.051.681.882.072.171.701.961.872.731.552.142.062.142.022.382.261.782.332.642.572.042.872.762.762.822.742.942.773.012.583.283.613.252.613.233.24-2.254.024.055.144.395.995.005.665.296.085.796.056.386.566.522.217.246.446.326.877.796.616.736.737.586.397.116.802.227.281.466.955.806.447.94-7.97
Surprise3.17%1.47%3.39%6.35%1.47%1.37%3.08%-1.41%-1.30%1.12%-1.39%1.32%-1.18%0.00%-1.92%15.38%2.13%0.00%20.00%45.00%16.67%5.56%9.52%13.79%10.81%2.08%4.17%1.75%0.00%4.94%30.95%15.38%24.53%1.32%22.64%8.20%6.15%15.28%6.67%25.93%6.67%-2.61%16.52%15.52%17.74%15.07%1.46%16.34%9.76%11.18%6.71%6.91%-2.12%6.77%2.44%3.30%12.50%9.05%19.72%10.11%17.61%21.33%2.65%10.31%13.81%9.74%18.13%24.61%22.16%-2.20%14.22%20.55%13.22%4.62%13.44%3.76%1.47%-0.35%9.60%10.11%2.21%2.03%-0.77%11.95%25.78%6.91%-4.74%4.87%-0.92%56.81%19.64%3.58%19.26%0.00%37.07%5.49%12.08%4.96%4.65%1.40%-0.66%-0.47%3.96%-0.15%11.06%1.40%4.38%-1.10%2.23%5.70%9.44%4.34%1.20%4.55%9.23%10.23%4.94%-66.36%14.65%-77.26%9.28%0.87%-3.74%9.97%-6.41%
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Key Statistics & Ratios

Market Cap145.48B
Enterprise Value158.45B
Trailing P/E22.12
Forward P/E18.87
PEG Ratio1.17
Price / Sales1.84
Price / Book14.30
EPS28.47
Book Value43.75
Revenue (TTM)79.12B
Gross Profit (TTM)9.28B
EBITDA9.86B
Profit Margin8.23%
Operating Margin11.41%
Return on Equity80.19%
Return on Assets8.58%
Shares Outstanding231.00M
Shares Float197.61M
Beta0.10
Dividend Yield2.31%
Dividend Rate14.40
Payout Ratio39.32%

Analyst Ratings

Buy
Based on 23 analystsTarget 645.48
  • Strong Buy
    8
  • Buy
    2
  • Hold
    12
  • Strong Sell
    1

Ownership Breakdown

Institutions
76.74%
Insiders
0.11%
Retail / Other
23.15%

Top Institutional Holders

  • State Street Corp
    32.98M14.40%
  • BlackRock Inc
    18.88M8.24%
  • Vanguard Capital Management, LLC
    14.16M6.18%
  • Charles Schwab Investment Management Inc
    7.81M3.41%
  • Morgan Stanley - Brokerage Accounts
    5.71M2.49%
  • Vanguard Portfolio Management, LLC
    5.56M2.43%
  • Geode Capital Management, LLC
    5.22M2.28%
  • Amvescap Plc.
    2.43M1.06%
  • Bank of America Corp
    2.28M1.00%
  • Sanders Capital, LLC
    2.09M0.91%
  • Northern Trust Corp
    1.96M0.86%
  • The Goldman Sachs Group Inc
    1.90M0.83%
  • Capital World Investors
    1.84M0.81%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    7.32M3.20%
  • Schwab US Dividend Equity ETF™
    5.65M2.47%
  • Vanguard 500 Index Investor
    5.33M2.33%
  • iShares Core S&P 500 ETF
    2.71M1.18%
  • Fidelity 500 Index
    2.63M1.15%
  • State Street® SPDR® S&P 500® ETF
    2.49M1.09%
  • Vanguard MStar Value Index Investor
    2.20M0.96%

Dividends

20263×
3.45Sep 1, 20263.45Jun 1, 20263.45Mar 2, 2026
20254×
3.45Dec 1, 20253.30Sep 2, 20253.30Jun 2, 20253.30Mar 3, 2025
20244×
3.30Dec 2, 20243.15Sep 3, 20243.15Jun 3, 20243.15Feb 29, 2024
20234×
3.15Nov 30, 20233.00Aug 31, 20233.00May 31, 20233.00Feb 28, 2023
20224×
3.00Nov 30, 20222.80Aug 31, 20222.80May 31, 20222.80Feb 28, 2022
20214×
2.80Nov 30, 20212.60Aug 31, 20212.60May 28, 20212.60Feb 26, 2021
20201×
2.60Nov 30, 2020

Stock Splits

  • Jan 4, 19992:1
  • Mar 16, 1995163:100
  • Sep 9, 19833:1