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Lockheed Martin LMT RMS — Acquisitions

Other segment segments

Space Systems
$217M-27.2%
Aeronautics
$0
MFC
$0

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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$133.3B+31.3%
Enterprise value$150.05B+23.1%
P/E21.2×-2.9×
P/S1.7×+0.3×

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:GoodwillAcquiredDuringPeriod.

The source filing: Lockheed Martin’s 10-K, filed January 29, 2026.

Filed
Jan 29, 2026, 5:18 PM EST
Fiscal year
FY2025
Accession
0001628280-26-004195
Line itemAeronauticsMFCRMSSpaceTotal
Balance at December 31, 2023$196$2,086$6,741$1,776$10,799
Acquisitions298298
Other(1)(29)(30)
Balance at December 31, 20241962,0856,7122,07411,067
Acquisitions217217
Other425130
Balance at December 31, 2025$196$2,089$6,737$2,292$11,314

ITEM 8. Financial Statements and Supplementary Data

FAQ

What is Lockheed Martin's RMS — acquisitions?
Lockheed Martin (LMT) reported RMS — acquisitions of $0 in Q4 2025.
What does RMS — acquisitions mean?
Captures the cash outflow or total consideration paid for the purchase of new businesses or product lines specifically allocated to the Rotary and Mission Systems segment. This metric tracks the company's inorganic growth strategy and its efforts to expand technological capabilities or market share in defense and mission systems. It is a key indicator of how the segment is evolving through external investment rather than organic development.

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