Investing
CapEx
Lockheed Martin CapEx increased by 21.5% to $463.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 20.4%, from $582.00M to $463.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows relatively stable performance with a 2.0% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
cf_capital_expendituresHistorical Data
19 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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% |
| 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% |
Range$268.00M – $704.00M
CAGR+8.7%
Avg YoY Growth+4.7%
Median YoY Growth+7.3%
Current Streak2 quarters growth
Business Segments
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CapEx at Other Companies
Frequently Asked Questions
- What is Lockheed Martin's capex?
- Lockheed Martin (LMT) reported capex of $463.00M in Q4 2025.
- How has Lockheed Martin's capex changed year-over-year?
- Lockheed Martin's capex decreased by 20.4% year-over-year, from $582.00M to $463.00M.
- 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?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.