Lockheed MartinLMTRevenue: is the business selling more than it used to?
$75.0B+6% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Revenue reached $75.0B in 2025, compounding +4% a year since 2022 and the pace is picking up. The trailing twelve months are already running at $77.0B, ahead of the last full year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-28
Lockheed MartinLMTNet income: how much of that revenue becomes profit?
$5.0B−6% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Net income was $5.0B in 2025, compounding -4% a year over three years. Earnings per share moved +50% over the last twelve months. Trailing twelve-month profit stands at $6.3B.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-28
Lockheed MartinLMTHow fast is it growing, year by year?
+5.6%revenue growth, FY 2025
→Revenue grew +6% in 2025 against a five-year average of +3%. Earnings went the other way (-6%) even as sales grew, so margins compressed: costs rose faster than revenue.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-28
Lockheed MartinLMTRevenue per share: is your slice growing as fast as the company?
$321.40revenue per share, FY 2025
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-28), not a full fiscal year
→Revenue per share reached $321.40 in 2025, compounding +9% a year against +4% for LMT as a whole. Buybacks added roughly 4.4 points to your per-share result. Free cash flow per share stands at $29.58.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-28
Lockheed MartinLMTFree cash flow: what is left in real cash after everything?
$6.9B+31% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Free cash flow was $6.9B in 2025, compounding +4% a year since 2022. The trailing twelve months stand at $8.7B.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-28
Lockheed MartinLMTWhere does each dollar of revenue actually go?
→Of $75.0B in 2025 sales, $5.0B reaches net profit - 7 cents on the dollar. The largest single deduction is producing the product ($67.4B).
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-28
Lockheed MartinLMTHow much of every sales dollar ends up as free cash?
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→9 cents of every sales dollar became free cash in 2025, and it has held steady since 2022.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-28
Lockheed MartinLMTWhat does staying competitive cost, per dollar of sales?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-28), not a full fiscal year
→The biggest claim on each sales dollar is research and development, at 3% of revenue (capital spending 2%, stock compensation 0%).
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-28
Lockheed MartinLMTWhen sales grow, do profits grow faster?
→Operating profit outgrew revenue in only 2 of the last 5 years. Costs are growing roughly in step with the business, so scale isn't yet paying for itself.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-28
Lockheed MartinLMTMargins: of every $1 of sales, how much survives each cost layer?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-28), not a full fiscal year
→Operating margin compressed 2 points to 10% since 2022. After everything, 7 cents of each sales dollar reaches net profit.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-28
Lockheed MartinLMTWhat does it earn on the money it uses?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-28), not a full fiscal year
→ROE of 72% sits well above ROCE of 21%. A meaningful share of the shareholder return is manufactured with leverage rather than operations.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-28
Lockheed MartinLMTWhat has the market paid for LMT over time?
19.5xP/E today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→At 19.5x earnings, the market is paying +33% more than LMT's own 11-year median of 14.7x. Expectations are elevated, so more has to go right to justify the price.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-28
Lockheed MartinLMTWhat cash return does the business throw off per dollar of market value?
7.2%FCF yield today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→Every dollar of market value currently buys 7.2% of annual free cash flow, right at LMT's 11-year median of 7.1%.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-28
Lockheed MartinLMTCould it handle its debt if things went wrong?
→Debt of $20.5B sits against $3.8B of cash, or 2.3x shareholders' equity. Earnings cover the interest bill 8 times over, so the debt is comfortably serviced.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-28
Lockheed MartinLMTIs the company's own capital growing?
→The company's own capital grew from $6.8B in 2023 to $8.8B (+28%). The business is building book value rather than consuming it.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-28
Lockheed MartinLMTHow much goes back, and how much leaks out as stock comp?
→Shareholders received $3.0B in buybacks and $3.1B in dividends in 2025. Stock compensation issued $304M of new shares in the same year, offsetting 5% of that.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-28
Lockheed MartinLMTHow fast is your ownership being diluted - or concentrated?
→The share count shrank 2.4% in 2025, averaging 4.1% a year over three years. Buybacks are concentrating your ownership: the same business, split fewer ways.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-28
Lockheed MartinLMTIs the dividend cheque growing?
→The dividend per share reached $13.41 in 2025, compounding +6% a year since 2020.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-28
Lockheed MartinLMTCan it afford the dividend?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-28), not a full fiscal year
→The dividend consumed 62% of profit and 45% of free cash flow in 2025. That leaves room to keep paying through a weak year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-28
Lockheed MartinLMTDoes LMT earn more on its capital than that capital costs?
→LMT earns 21.2% on the capital it employs, well above the 10% most investors treat as the cost of capital. It was 22.6% in 2022, so the trend is down, though the path has been bumpy.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-28
Lockheed MartinLMTLMT has issued or retired shares - did shareholders end up better off?
→LMT has shrunk its share count -31% from 2011 to 2025, so each remaining share owns more of the business. Revenue per share is +135% over the same years.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-28
Lockheed MartinLMTAre the people running it buying or selling?
→Insiders sold $124,283 on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 32 filings were grants, option exercises or tax withholding, which say nothing either way.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-28