What is Lockheed Martin's gross profit?

Lockheed Martin (LMT) reported gross profit of $2.08B in Q1 2026.

How has Lockheed Martin's gross profit changed year-over-year?

Lockheed Martin's gross profit decreased by 10.5% year-over-year, from $2.32B to $2.08B.

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

Over 4 years (2021 to 2025), Lockheed Martin's gross profit has grown at a -4.2% compound annual growth rate (CAGR), from $9.06B to $7.62B.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Lockheed Martin LMT Gross Profit

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$1.4B+3.9%

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$89.6M+21.7%

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Other financials

Income statement

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Revenue$18.0B+0.3%

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+5.0%

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$121.73B+12.3%

Enterprise value$140.53B+9.2%

P/E25.4×-0.4×

P/S1.6×+0.1×

Profitability

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Gross margin9.8%-0.3pp

Operating margin9.9%-0.4pp

Net margin6.4%-1.3pp

FCF margin7.7%+0.8pp

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.

$18.0Btotal revenue−$15.9Btotal cost of revenue=$2.08B

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 profit?: Lockheed Martin (LMT) reported gross profit of $2.08B in Q1 2026.
How has Lockheed Martin's gross profit changed year-over-year?: Lockheed Martin's gross profit decreased by 10.5% year-over-year, from $2.32B to $2.08B.
What is the long-term trend for Lockheed Martin's gross profit?: Over 4 years (2021 to 2025), Lockheed Martin's gross profit has grown at a -4.2% compound annual growth rate (CAGR), from $9.06B to $7.62B.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.