Investing
CapEx
Lockheed Martin CapEx increased by 10.4% to $511.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 12.6%, from $454.00M to $511.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows relatively stable performance with a 2.0% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2014
Last reportedQ1 2026
How to read this metric
An increase often signals growth initiatives and capacity expansion, while a decrease may suggest cost-cutting or a shift toward asset-light strategies.
Detailed definition
This metric measures the cash outflows used to acquire, upgrade, and maintain physical assets such as property, building...
Peer comparison
Commonly compared as a percentage of revenue; capital-intensive firms like Abbott require consistent investment to remain competitive in medical technology.
Metric ID:
capital_expendituresHistorical Data
20 periods
| 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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $318.00M | $316.00M | $607.00M | $268.00M | $304.00M | $405.00M | $693.00M | $294.00M | $329.00M | $364.00M | $704.00M | $378.00M | $370.00M | $355.00M | $582.00M | $454.00M | $351.00M | $381.00M | $463.00M | $511.00M |
| QoQ Change | — | -0.6% | +92.1% | -55.8% | +13.4% | +33.2% | +71.1% | -57.6% | +11.9% | +10.6% | +93.4% | -46.3% | -2.1% | -4.1% | +63.9% | -22.0% | -22.7% | +8.5% | +21.5% | +10.4% |
| YoY Change | — | — | — | — | -4.4% | +28.2% | +14.2% | +9.7% | +8.2% | -10.1% | +1.6% | +28.6% | +12.5% | -2.5% | -17.3% | +20.1% | -5.1% | +7.3% | -20.4% | +12.6% |
Range$268.00M – $704.00M
CAGR+10.5%
Avg YoY Growth+5.2%
Median YoY Growth+7.8%
Current Streak3 quarters growth
Business Segments
| Segment | FY'21 | FY'22 | FY'23 | FY'24 | FY'25 |
|---|---|---|---|---|---|
| Aeronautics | $477.00M | $461.00M | $535.00M | $593.00M | $503.00M |
| Rotary And Mission Systems | $279.00M | $266.00M | $220.00M | $230.00M | $243.00M |
| Missiles And Fire Control | $304.00M | $253.00M | $252.00M | $265.00M | $235.00M |
| Space | — | — | $455.00M | $366.00M | — |
| Total | $1.52B | $1.67B | $1.69B | $1.69B | $1.65B |
All segment values are derived from annual filings.
CapEx at Other Companies
Frequently Asked Questions
- What is Lockheed Martin's capex?
- Lockheed Martin (LMT) reported capex of $511.00M 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 $454.00M to $511.00M.
- 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 purchasing or maintaining physical assets like machinery and facilities.