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Lockheed Martin LMT RMS — CapEx

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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:PaymentsToAcquireProductiveAssets.

The official record: Lockheed Martin’s 10-K, filed January 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lockheed Martin's RMS — capex?
Lockheed Martin (LMT) reported RMS — capex of $60.75M in Q4 2025.
How has Lockheed Martin's RMS — capex changed year-over-year?
Lockheed Martin's RMS — capex increased by 5.7% year-over-year, from $57.5M to $60.75M.
What is the long-term trend for Lockheed Martin's RMS — capex?
Over 4 years (2021 to 2025), Lockheed Martin's RMS — capex has grown at a -3.4% compound annual growth rate (CAGR), from $279M to $243M.
What does RMS — capex mean?
Capital expenditures represent the funds used by the segment to acquire, upgrade, and maintain physical assets such as property, plants, equipment, and software. These investments are essential for maintaining production capacity, improving technology, and supporting long-term growth. It reflects the segment's commitment to infrastructure and future operational capability.