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Lockheed Martin LMT Q4 2024 Annual earnings

Reported January 28, 2025 · Before market open

Revenue$18.6BMiss by $246.3M
EPS$7.67Beat by $1.05
Revenue estimate$18.9B
EPS estimate$6.62

Next report

Oct 22, 2026 (In 2 weeks)
Revenue estimate$20.4B
EPS estimate$7.54

Financials

Q4 2024

Income statement

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Revenue$18.6B-1.3%
Gross profit$690.0M-69.9%
Operating income$696.0M-69.6%
Net income$527.0M-71.8%
EPS (diluted)$2.26-70.2%

Balance sheet

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Cash & equivalents$2.5B+72.2%
Total debt$21.4B+14.9%
Total equity$6.3B-7.3%
Total assets$55.6B+6.0%

Cash flow

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Operating cash flow$1.0B-56.7%
CapEx$582.0M-17.3%
Free cash flow$441.0M-73.4%

Valuation & ratios

Valuation

as of 12/31/24
See full
Market cap$115.18B+3.6%
Enterprise value$134.12B+4.5%
P/E21.6×+5.5×
P/S1.6×0.0×

Profitability

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Gross margin9.8%-2.8pp
Operating margin9.9%-2.7pp
Net margin7.5%-2.7pp
FCF margin7.4%-1.8pp

Returns & leverage

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Return on equity81%-4.9pp
Debt / equity3.4×+0.7×
Current ratio1.1×-0.1×

Segments

By segment

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Aeronautics$8.0B+5.2%
RMS$4.3B-9.6%
MFC$3.4B+7.6%
Space$2.9B-13.0%

By geography

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Europe$2.5B+12.5%
Asia Pacific$1.7B+1.3%
Middle East$762.0M-24.9%
Other$367.0M+15.0%

By product

See full
Services$3.1B+7.4%

FAQ

When did Lockheed Martin report Q4 2024 earnings?
Lockheed Martin (LMT) reported Q4 2024 earnings on January 28, 2025 before market open.
What were Lockheed Martin's Q4 2024 revenue and EPS?
Lockheed Martin reported revenue of $18.6B and eps of $7.67 for Q4 2024.
Did Lockheed Martin beat estimates in Q4 2024?
Revenue missed the consensus estimate of $18.9B by $246.3M. EPS beat the consensus estimate of $6.62 by $1.05.
Where can I find Lockheed Martin's Q4 2024 SEC filings?
You can read the 8-K earnings release (0000936468-25-000006) and the 10-K periodic report (0000936468-25-000009) directly on SEC EDGAR. The filing index links above go to sec.gov.