What is Lockheed Martin's pre-tax income?

Lockheed Martin (LMT) reported pre-tax income of $1.77B in Q1 2026.

How has Lockheed Martin's pre-tax income changed year-over-year?

Lockheed Martin's pre-tax income decreased by 12.9% year-over-year, from $2.04B to $1.77B.

What is the long-term trend for Lockheed Martin's pre-tax income?

Over 4 years (2021 to 2025), Lockheed Martin's pre-tax income has grown at a -5.9% compound annual growth rate (CAGR), from $7.55B to $5.92B.

What does pre-tax income mean?

Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

Lockheed Martin LMT Pre-Tax Income

Pre-Tax Income at other companies

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$26M-65.8%

General DynamicsGD

$1.37B+14.1%

Raytheon TechnologiesRTX

$2.52B+28.7%

L3Harris TechnologiesLHX

$589M+28.3%

TextronTXT

$267M+10.8%

Kratos Defense & Security SolutionsKTOS

$9.8M+81.5%

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+5.0%

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$119.49B+8.7%

Enterprise value$138.29B+6.2%

P/E24.9×-1.2×

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

Reported directly by Lockheed Martin in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

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 pre-tax income?: Lockheed Martin (LMT) reported pre-tax income of $1.77B in Q1 2026.
How has Lockheed Martin's pre-tax income changed year-over-year?: Lockheed Martin's pre-tax income decreased by 12.9% year-over-year, from $2.04B to $1.77B.
What is the long-term trend for Lockheed Martin's pre-tax income?: Over 4 years (2021 to 2025), Lockheed Martin's pre-tax income has grown at a -5.9% compound annual growth rate (CAGR), from $7.55B to $5.92B.
What does pre-tax income mean?: Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.