Service — Cost of Product and Service Sold
Lockheed Martin Service — Cost of Product and Service Sold decreased by 6.0% to $2.70B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 2.2%, from $2.76B to $2.70B. Over 4 years (FY 2021 to FY 2025), Service — Cost of Product and Service Sold shows an upward trend with a 4.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to sales suggests margin compression or rising operational inefficiencies, while a decrease relative to sales suggests improved cost management or economies of scale.
Detailed definition
This metric measures the direct costs incurred to deliver services and products within a specific business segment. It i...
Peer comparison
Comparable to cost of goods sold (COGS) or cost of services in peer defense firms, used to calculate segment-level gross profitability.
lmt_segment_services_cost_of_product_and_service_soldHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.44B | $2.33B | $2.46B | $2.18B | $2.36B | $2.24B | $2.50B | $2.28B | $2.64B | $2.51B | $2.59B | $2.60B | $2.58B | $2.27B | $2.76B | $2.64B | $3.13B | $2.87B | $2.70B |
| QoQ Change | — | -4.3% | +5.6% | -11.7% | +8.6% | -5.0% | +11.5% | -8.6% | +15.7% | -5.0% | +3.2% | +0.5% | -0.8% | -12.0% | +21.5% | -4.3% | +18.6% | -8.3% | -6.0% |
| YoY Change | — | — | — | — | -3.1% | -3.8% | +1.5% | +5.0% | +11.9% | +11.9% | +3.6% | +14.0% | -2.3% | -9.5% | +6.5% | +1.4% | +21.2% | +26.4% | -2.2% |
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Frequently Asked Questions
- What is Lockheed Martin's service — cost of product and service sold?
- Lockheed Martin (LMT) reported service — cost of product and service sold of $2.70B in Q4 2025.
- How has Lockheed Martin's service — cost of product and service sold changed year-over-year?
- Lockheed Martin's service — cost of product and service sold decreased by 2.2% year-over-year, from $2.76B to $2.70B.
- What is the long-term trend for Lockheed Martin's service — cost of product and service sold?
- Over 4 years (2021 to 2025), Lockheed Martin's service — cost of product and service sold has grown at a 4.6% compound annual growth rate (CAGR), from $9.46B to $11.34B.
- What does service — cost of product and service sold mean?
- The total direct costs associated with producing goods and delivering services for this segment.