Companies / LMT

Lockheed Martin Corp (LMT) financials and KPIs

Lockheed Martin Corp reported revenue of $75.05B for fiscal 2025, up 5.6% from fiscal 2024. Net income was $5.02B and free cash flow was $6.91B.

Annual results

Fiscal year20212022202320242025
Revenue$67.04B$65.98B$67.57B$71.04B$75.05B
Operating income$9.12B$8.35B$8.51B$7.01B$7.73B
Net income$6.32B$5.73B$6.92B$5.34B$5.02B
Cash from operations$9.22B$7.80B$7.92B$6.97B$8.56B
Free cash flow$7.70B$6.13B$6.23B$5.29B$6.91B

Quarterly results

Fiscal quarterQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Revenue$17.10B$18.62B$17.96B$18.16B$18.61B$20.32B$18.02B$20.06B
Net income$1.62B$527.00M$1.71B$342.00M$1.62B$1.34B$1.49B$1.84B
Diluted EPS$6.80$2.22$7.28$1.46$6.95$5.80$6.44$7.94

Operating KPIs

As Lockheed Martin Corp reports them, quarter by quarter.

Fiscal quarterQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Backlog$165.69B$176.04B$172.97B$166.53B$179.07B$193.62B$186.43B$230.42B
F-35 aircraft deliveries4862475046483219

Sources

Figures come from Lockheed Martin Corp's SEC filings, by fiscal year and fiscal quarter as the company defines them. A dash means we hold no figure for that period that passed our checks. Some fourth quarters are the full year less the first nine months. Free cash flow is cash from operations less capital expenditures. Data as of 31 October 2026. This is not investment advice.

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