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Lockheed Martin LMT Space — CapEx

Other segment segments

Aeronautics
$503M-15.2%
RMS
$243M+5.7%
MFC
$235M-11.3%

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LKQSpecialty — CapEx
$2M-33.3%

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 space — capex?
Lockheed Martin (LMT) reported space — capex of $85.5M in Q4 2025.
How has Lockheed Martin's space — capex changed year-over-year?
Lockheed Martin's space — capex decreased by 6.6% year-over-year, from $91.5M to $85.5M.
What is the long-term trend for Lockheed Martin's space — capex?
Over 4 years (2021 to 2025), Lockheed Martin's space — capex has grown at a 2.9% compound annual growth rate (CAGR), from $305M to $342M.
What does space — capex mean?
Funds used by the Space segment to acquire, upgrade, and maintain physical assets such as manufacturing facilities, testing equipment, and specialized space infrastructure. This reflects the segment's long-term investment in capacity and technological capability.