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Lockheed Martin

LMT

Lockheed Martin is a global aerospace and defense technology company focused on the design, manufacture, and sustainment of advanced technology systems for national security and scientific exploration.

Market cap
$121.73B+12.3%
Revenue$75.1B+4.6%
Net income$4.8B-12.9%
Free cash flow$5.8B+16.6%
EPS (diluted)$20.65-11.0%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 23, 2026 (In 1 week)
Revenue estimate$19.4B
EPS estimate$7.23

Financials

Q1 2026

Income statement

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Revenue$18.0B+0.3%
Gross profit$2.1B-10.5%
Operating income$2.1B-13.0%
Net income$1.5B-13.1%
EPS (diluted)$6.44-11.5%

Balance sheet

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Cash & equivalents$1.9B+5.0%
Total debt$20.7B+1.9%
Total equity$7.5B+12.1%
Total assets$59.2B+4.5%

Cash flow

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Operating cash flow$220.0M-84.4%
CapEx$511.0M+12.6%
Free cash flow-$291.0M-130%

Valuation & ratios

Valuation

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Market cap$121.73B+12.3%
Enterprise value$140.53B+9.2%
P/E25.4×-0.4×
P/S1.6×+0.1×

Profitability

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Gross margin9.8%-0.3pp
Operating margin9.9%-0.4pp
Net margin6.4%-1.3pp
FCF margin7.7%+0.8pp

Returns & leverage

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Return on equity67.6%-14.9pp
Debt / equity2.8×-0.3×
Current ratio1.1×+0.1×

Segments

By segment

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Aeronautics$7.0B-1.5%
RMS$4.0B-7.8%
MFC$3.6B+8.2%
Space$3.4B+7.0%

By geography

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Europe$2.6B+33.4%
Asia Pacific$1.7B-4.3%
Middle East$794.0M+12.8%
Other$554.0M+9.5%

Competitors

Profile

Lockheed Martin is a global aerospace and defense technology company focused on the design, manufacture, and sustainment of advanced technology systems for national security and scientific exploration. The company provides integrated solutions across air, land, sea, space, and cyber domains to deter conflict and protect global interests. Its core value proposition lies in delivering high-performance platforms and mission-critical technologies to the U.S. government and international allies.

Competitive position

Lockheed Martin is a dominant prime contractor in the global defense industry, holding the lead position on the world's largest defense program (F-35) and maintaining a significant technological moat through classified programs and advanced R&D.

GeographiesUnited States, Europe, Asia-Pacific, Middle East
Customer segmentsFederal government agencies, Military branches, International sovereign governments, Intelligence communities
Business modelCost-plus government contracting, Fixed-price production, Sustainment and logistics services, Research and development
SuppliersSpecialty metal suppliers (Titanium, Aluminum), Rare earth mineral miners, Semiconductor and microelectronics manufacturers, Tier 2 and Tier 3 aerospace component suppliers
CustomersU.S. Department of Defense, NASA, Foreign Ministries of Defense, U.S. Department of Homeland Security
Listed1995
Employees122.0K
CEOJames D. Taiclet Jr.
FilingsSEC EDGAR

Questions, answered.

What is Lockheed Martin's market cap?
Lockheed Martin (LMT) has a market capitalization of $121.73B and trades on NYSE.
What is Lockheed Martin's revenue and profitability?
Lockheed Martin generated $75.1B in trailing twelve-month revenue with net income of $4.8B, representing a net margin of 6.4%. Gross margin stands at 9.8%, with free cash flow of $5.8B. These figures are based on the Q1 2026 filing.
Who are Lockheed Martin's competitors?
Lockheed Martin's key competitors include Northrop Grumman, RTX Corporation, L3Harris Technologies, and others. These companies compete in similar markets and product categories.
Who does Lockheed Martin partner with?
Lockheed Martin's notable partners include RTX Corporation.
What subsidiaries does Lockheed Martin have?
Lockheed Martin's subsidiaries include Sikorsky.
Where is Lockheed Martin headquartered?
Lockheed Martin is headquartered in United States of America and employs approximately 122,000 people. It has been publicly traded since 1995.