What is Lockheed Martin's capex?

Lockheed Martin (LMT) reported capex of $511M in Q1 2026.

How has Lockheed Martin's capex changed year-over-year?

Lockheed Martin's capex increased by 12.6% year-over-year, from $454M to $511M.

What is the long-term trend for Lockheed Martin's capex?

Over 4 years (2021 to 2025), Lockheed Martin's capex has grown at a 2.0% compound annual growth rate (CAGR), from $1.52B to $1.65B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Lockheed Martin LMT CapEx

CapEx at other companies

BoeingBA

$1.28B+89.2%

General DynamicsGD

$203M+43.0%

Raytheon TechnologiesRTX

$546M+6.4%

L3Harris TechnologiesLHX

$99M+67.8%

TextronTXT

$133M+138%

Kratos Defense & Security SolutionsKTOS

$19.9M-11.9%

Segments

By segment

See full

Aeronautics$503M-15.2%

Space$366M-19.6%

RMS$243M+5.7%

MFC$235M-11.3%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$220.0M-84.4%

Free cash flow-$291.0M-130%

Valuation

See full

Market cap$121.73B+12.3%

Enterprise value$140.53B+9.2%

P/E25.4×-0.4×

P/S1.6×+0.1×

Profitability

See full

Gross margin9.8%-0.3pp

Operating margin9.9%-0.4pp

Net margin6.4%-1.3pp

FCF margin7.7%+0.8pp

Returns & leverage

See full

Return on equity67.6%-14.9pp

Debt / equity2.8×-0.3×

Current ratio1.1×+0.1×

Where this comes from

Reported directly by Lockheed Martin in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireProductiveAssets.

The official record: Lockheed Martin’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lockheed Martin's capex?: Lockheed Martin (LMT) reported capex of $511M in Q1 2026.
How has Lockheed Martin's capex changed year-over-year?: Lockheed Martin's capex increased by 12.6% year-over-year, from $454M to $511M.
What is the long-term trend for Lockheed Martin's capex?: Over 4 years (2021 to 2025), Lockheed Martin's capex has grown at a 2.0% compound annual growth rate (CAGR), from $1.52B to $1.65B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.