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Lockheed Martin LMT Gross margin

Gross margin at other companies

Boeing logo
BoeingBA
4.8%+3.7pp
L3Harris Technologies logo
L3Harris TechnologiesLHX
25.5%-0.6pp
Palantir Technologies Inc. logo
Palantir Technologies Inc.PLTR
84.1%+4.1pp
Leidos Holdings logo
Leidos HoldingsLDOS
17.9%+0.7pp
TTM Technologies logo
TTM TechnologiesTTMI
21%+1.0pp
Parker-Hannifin logo
Parker-HannifinPH
37.2%+0.7pp

Other financials

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+5.1%
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

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Market cap$122.73B+32.9%
Enterprise value$141.54B+28.2%
P/E25.6×+8.8×
P/S1.6×+0.3×

Profitability

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Operating margin9.9%-0.4pp
Net margin6.4%-1.3pp

Returns & leverage

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

Where this comes from

Calculated from Lockheed Martin’s reported figures.

Based on trailing twelve months.

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 gross margin?
Lockheed Martin (LMT) reported gross margin of 9.8% in Q1 2026.
How has Lockheed Martin's gross margin changed year-over-year?
Lockheed Martin's gross margin decreased by 2.9% year-over-year, from 10.1% to 9.8%.
What is the long-term trend for Lockheed Martin's gross margin?
Over 4 years (2021 to 2025), Lockheed Martin's gross margin has grown at a -8.9% compound annual growth rate (CAGR), from 53.1% to 36.6%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.