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

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	9.8%-0.3pp	10.2%+0.4pp	8.2%-3.8pp	8.2%-3.8pp	10.1%-2.0pp
Operating margin	9.9%-0.4pp	10.3%+0.4pp	8.3%-3.8pp	8.3%-3.7pp	10.2%-2.0pp
Net margin	6.4%-1.3pp	6.7%-0.8pp	5.7%-3.6pp	5.9%-3.6pp	7.7%-2.1pp
Free cash flow margin	7.7%+0.8pp	9.4%+2.0pp	6.5%-2.7pp	4.8%-4.9pp	6.9%-2.0pp
Returns
Return on equity	67.6%-14.9pp	76.9%-4.2pp	62.8%-18.3pp	73.1%-14.3pp	82.5%-0.6pp
Return on assets	8.3%-1.6pp	8.7%-1.2pp	7.3%-4.6pp	7.4%-4.6pp	9.9%-2.5pp
Return on invested capital	24.4%-1.6pp	25.9%+1.5pp	21.6%-10.0pp	21%-10.6pp	26%-5.5pp
Efficiency
Asset turnover	1.3×0.0×	1.3×0.0×	1.3×0.0×	1.3×0.0×	1.3×0.0×
Inventory turnover	17.3×-1.5×	19.3×-0.1×	19.3×+0.1×	19.4×+0.4×	18.8×+0.6×
Liquidity
Current ratio	1.1×+0.1×	1.1×0.0×	1.1×-0.2×	1×-0.3×	1.1×-0.2×
Quick ratio	0.9×0.0×	0.9×0.0×	1×-0.2×	0.8×-0.2×	0.9×-0.2×
Cash ratio	0.1×0.0×	0.2×0.0×	0.2×0.0×	0.1×-0.1×	0.1×-0.1×
Leverage
Debt-to-equity	2.8×-0.3×	3.4×0.0×	3.6×+0.9×	4.1×+0.9×	3×+0.1×
Debt-to-assets	0.3×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Interest coverage	6.6×-0.4×	6.9×+0.1×	5.6×-2.8×	5.6×-2.8×	7×-1.8×
Valuation
Market capitalization	$139.29B+32.9%	$111.92B-2.8%	$116.55B-16.5%	$107.82B-4.1%	$104.79B-4.3%
Enterprise value	$158.09B+28.2%	$130.57B-2.6%	$135.27B-13.2%	$128.17B-0.8%	$123.29B-2.2%
Price / earnings	29.1×+10.0×	22.3×+0.7×	27.7×+6.8×	25.6×+9.0×	19×+2.9×
Price / sales	1.9×+0.4×	1.5×-0.1×	1.6×-0.4×	1.5×-0.1×	1.5×-0.1×
Price / book	18.6×+2.9×	16.7×-1.5×	18.9×-0.5×	20.2×+2.0×	15.7×-0.8×
EV / sales	2.1×+0.4×	1.7×-0.1×	1.8×-0.3×	1.8×0.0×	1.7×-0.1×
Free cash flow yield	4.2%-0.6pp	6.3%+1.7pp	4.1%-0.6pp	3.2%-3.0pp	4.8%-0.9pp
Earnings yield	3.4%-1.8pp	4.5%-0.1pp	3.6%-1.2pp	3.9%-2.1pp	5.3%-0.9pp
Dividend yield	2.3%-0.7pp	2.8%+0.1pp	2.7%+0.5pp	2.9%+0.2pp	2.9%+0.1pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Lockheed Martin.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

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.