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%-7.5pp	36.6%-9.2pp	36.2%-12.3pp	40%-9.1pp	43.7%-6.1pp
Operating margin	36.8%-7.4pp	37.1%-9.0pp	36.7%-12.1pp	40.5%-8.9pp	44.2%-6.0pp
Net margin	24.6%-9.4pp	25.9%-10.2pp	26.8%-12.1pp	30.4%-9.4pp	34%-6.7pp
Free cash flow margin	28.5%-4.8pp	27.7%-7.6pp	25.7%-11.4pp	28.4%-8.1pp	33.3%-2.3pp
Returns
Return on equity	280.3%-51.7pp	295.2%-37.4pp	299.4%-38.1pp	317.7%-4.4pp	332%+29.0pp
Return on assets	31.6%-12.1pp	33.2%-13.0pp	34.4%-15.1pp	39%-11.3pp	43.7%-7.7pp
Return on invested capital	92.9%-20.6pp	94.4%-24.5pp	93%-32.3pp	102.9%-23.8pp	113.5%-14.7pp
Efficiency
Asset turnover	5.1×0.0×	5.1×0.0×	5.1×0.0×	5.1×+0.1×	5.1×+0.1×
Inventory turnover	75.2×-1.1×	76.8×+1.0×	76.9×+1.6×	76.8×+2.2×	76.3×+3.8×
Liquidity
Current ratio	4.3×-0.4×	4.3×-0.7×	4.3×-0.7×	4.5×-0.6×	4.7×-0.5×
Quick ratio	3.7×-0.4×	3.6×-0.6×	3.7×-0.7×	3.8×-0.6×	4×-0.4×
Cash ratio	0.5×-0.1×	0.5×-0.1×	0.4×-0.1×	0.4×-0.1×	0.5×-0.1×
Leverage
Debt-to-equity	13.8×+1.6×	14.1×+2.0×	14.1×+2.6×	13.2×+2.5×	12.2×+2.8×
Debt-to-assets	1.5×0.0×	1.5×0.0×	1.5×+0.1×	1.5×+0.1×	1.4×+0.1×
Interest coverage	24.7×-5.9×	25.1×-7.3×	25×-9.9×	27.8×-8.6×	30.6×-8.4×
Valuation
Market capitalization	$475.58B+0.7%	$441.08B-7.5%	$444.34B-6.0%	$467.45B+7.9%	$472.05B+8.4%
Enterprise value	$552.1B+1.8%	$517.29B-5.1%	$520.84B-3.4%	$541.4B+8.8%	$542.39B+9.1%
Price / earnings	104.8×+26.5×	94.7×+19.4×	94×+24.2×	87.2×+23.9×	78.2×+15.4×
Price / sales	6.4×-0.2×	6×-0.7×	6.2×-0.6×	6.5×+0.3×	6.6×+0.2×
Price / book	74.3×+2.9×	71.4×-0.9×	72.9×+2.6×	73.5×+11.7×	71.5×+15.5×
EV / sales	7.5×-0.1×	7.1×-0.6×	7.2×-0.5×	7.6×+0.4×	7.6×+0.3×
Free cash flow yield	17.8%-2.4pp	18.4%-2.7pp	16.6%-5.5pp	17.2%-6.0pp	20.2%-2.1pp
Earnings yield	15.4%-5.2pp	17.2%-4.4pp	17.4%-5.8pp	18.6%-6.8pp	20.7%-4.9pp
Dividend yield	10.6%+0.1pp	11.3%+0.9pp	11.1%+0.7pp	10.6%-0.7pp	10.5%-0.8pp

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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.