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Lockheed Martin LMT Space Systems — Acquisitions

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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:GoodwillAcquiredDuringPeriod.

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 systems — acquisitions?
Lockheed Martin (LMT) reported space systems — acquisitions of $54.25M in Q4 2025.
How has Lockheed Martin's space systems — acquisitions changed year-over-year?
Lockheed Martin's space systems — acquisitions decreased by 27.2% year-over-year, from $74.5M to $54.25M.
What is the long-term trend for Lockheed Martin's space systems — acquisitions?
Over 3 years (2021 to 2025), Lockheed Martin's space systems — acquisitions has grown at a 133.7% compound annual growth rate (CAGR), from $17M to $217M.
What does space systems — acquisitions mean?
This metric captures the cash outflows or capital deployed for the purchase of businesses, technologies, or specialized assets integrated into the Space Systems segment. It serves as a primary indicator of the company's inorganic growth strategy and its commitment to expanding capabilities in satellite manufacturing, launch services, or deep-space exploration. Tracking these expenditures helps investors understand how the company is scaling its competitive moat in the aerospace sector.