What are Lockheed Martin's profit margins?

Lockheed Martin (LMT) runs a 9.8% gross margin and a 9.9% operating margin, with a 6.4% net margin.

Where do Lockheed Martin's ratios come from?

Every ratio is computed from Lockheed Martin's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Lockheed Martin LMT Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	36.3%-0.3pp	36.6%+0.4pp	36.2%-3.8pp	40%-3.8pp	43.7%-2.0pp
Operating margin	36.8%-0.4pp	37.1%+0.4pp	36.7%-3.8pp	40.5%-3.7pp	44.2%-2.0pp
Net margin	24.6%-1.3pp	25.9%-0.8pp	26.8%-3.6pp	30.4%-3.6pp	34%-2.1pp
Free cash flow margin	28.5%+0.8pp	27.7%+2.0pp	25.7%-2.7pp	28.4%-4.9pp	33.3%-2.0pp
Returns
Return on equity	280.3%-14.9pp	295.2%-4.2pp	299.4%-18.3pp	317.7%-14.3pp	332%-0.6pp
Return on assets	31.6%-1.6pp	33.2%-1.2pp	34.4%-4.6pp	39%-4.6pp	43.7%-2.5pp
Return on invested capital	92.9%-1.6pp	94.4%+1.5pp	93%-10.0pp	102.9%-10.6pp	113.5%-5.5pp
Efficiency
Asset turnover	5.1×0.0×	5.1×0.0×	5.1×0.0×	5.1×0.0×	5.1×0.0×
Inventory turnover	75.2×-1.5×	76.8×-0.1×	76.9×+0.1×	76.8×+0.4×	76.3×+0.6×
Liquidity
Current ratio	4.3×+0.1×	4.3×0.0×	4.3×-0.2×	4.5×-0.3×	4.7×-0.2×
Quick ratio	3.7×0.0×	3.6×0.0×	3.7×-0.2×	3.8×-0.2×	4×-0.2×
Cash ratio	0.5×0.0×	0.5×0.0×	0.4×0.0×	0.4×-0.1×	0.5×-0.1×
Leverage
Debt-to-equity	13.8×-0.3×	14.1×0.0×	14.1×+0.9×	13.2×+0.9×	12.2×+0.1×
Debt-to-assets	1.5×0.0×	1.5×0.0×	1.5×0.0×	1.5×0.0×	1.4×0.0×
Interest coverage	24.7×-0.4×	25.1×+0.1×	25×-2.8×	27.8×-2.8×	30.6×-1.8×
Valuation
Market capitalization	$475.58B+7.8%	$441.08B-0.7%	$444.34B-4.9%	$467.45B-1.0%	$472.05B-1.0%
Enterprise value	$552.1B+6.7%	$517.29B-0.7%	$520.84B-3.8%	$541.4B-0.2%	$542.39B-0.5%
Price / earnings	104.8×+10.0×	94.7×+0.7×	94×+6.8×	87.2×+9.0×	78.2×+2.9×
Price / sales	6.4×+0.4×	6×-0.1×	6.2×-0.4×	6.5×-0.1×	6.6×-0.1×
Price / book	74.3×+2.9×	71.4×-1.5×	72.9×-0.5×	73.5×+2.0×	71.5×-0.8×
EV / sales	7.5×+0.4×	7.1×-0.1×	7.2×-0.3×	7.6×0.0×	7.6×-0.1×
Free cash flow yield	17.8%-0.6pp	18.4%+1.7pp	16.6%-0.6pp	17.2%-3.0pp	20.2%-0.9pp
Earnings yield	15.4%-1.8pp	17.2%-0.1pp	17.4%-1.2pp	18.6%-2.1pp	20.7%-0.9pp
Dividend yield	10.6%-0.7pp	11.3%+0.1pp	11.1%+0.5pp	10.6%+0.2pp	10.5%+0.1pp

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Questions, answered.

What are Lockheed Martin's profit margins?: Lockheed Martin (LMT) runs a 9.8% gross margin and a 9.9% operating margin, with a 6.4% net margin.
Where do Lockheed Martin's ratios come from?: Every ratio is computed from Lockheed Martin's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.