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Lockheed Martin LMT MFC — Total operating costs and expenses

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Other financials

Income statement

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Revenue$20.1B+10.5%
Gross profit$2.4B+233%
Operating income$2.5B+231%
Net income$1.8B+437%
EPS (diluted)$7.94+444%

Balance sheet

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Cash & equivalents$3.8B+193%
Total debt$20.5B-5.1%
Total equity$8.8B+64.4%
Total assets$62.5B+6.1%

Cash flow

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Operating cash flow$3.2B+1,509%
CapEx$318.0M-9.4%
Free cash flow$2.9B

Valuation

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Market cap$132.5B+34.8%
Enterprise value$149.25B+25.8%
P/E21.1×-2.3×
P/S1.7×+0.4×

Profitability

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Gross margin11.8%+3.6pp
Operating margin11.9%+3.6pp
Net margin8.2%+2.3pp
FCF margin11.3%+6.5pp

Returns & leverage

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Return on equity89.2%+16.1pp
Debt / equity2.3×-1.7×
Current ratio1.2×+0.2×

Where this comes from

Reported directly by Lockheed Martin in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The official record: Lockheed Martin’s 10-Q, filed July 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lockheed Martin's MFC — total operating costs and expenses?
Lockheed Martin (LMT) reported MFC — total operating costs and expenses of $3.51B in Q2 2026.
How has Lockheed Martin's MFC — total operating costs and expenses changed year-over-year?
Lockheed Martin's MFC — total operating costs and expenses increased by 18.7% year-over-year, from $2.95B to $3.51B.
What is the long-term trend for Lockheed Martin's MFC — total operating costs and expenses?
Over 3 years (2022 to 2025), Lockheed Martin's MFC — total operating costs and expenses has grown at a 8.8% compound annual growth rate (CAGR), from $9.68B to $12.46B.
What does MFC — total operating costs and expenses mean?
The aggregate of all costs incurred to generate revenue, including cost of goods sold, research and development, and administrative expenses. This metric provides insight into the cost structure and operational efficiency of the segment. Monitoring this helps determine how effectively the segment manages its resource consumption relative to output.