Lockheed Martin's earnings have been declining at an average annual rate of -4.3%, while the Aerospace & Defense industry saw earnings growing at 18.3% annually. Revenues have been growing at an average rate of 3.2% per year. Lockheed Martin's return on equity is 71.7%, and it has net margins of 8.2%.
Key information
-4.32%
Earnings growth rate
-0.19%
EPS growth rate
Aerospace & Defense Industry Growth
9.94%
Revenue growth rate
3.18%
Return on equity
71.70%
Net Margin
8.16%
Last Earnings Update
28 Jun 2026
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Lockheed Martin makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
BVL:LMTUS Revenue, expenses and earnings (USD Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
28 Jun 26
77,014
6,287
741
0
29 Mar 26
75,106
4,793
760
0
31 Dec 25
75,048
5,017
778
0
28 Sep 25
73,349
4,200
206
0
29 Jun 25
71,844
4,204
91
0
30 Mar 25
71,811
5,503
-23
0
31 Dec 24
71,043
5,336
-137
0
29 Sep 24
71,295
6,675
-172
0
30 Jun 24
71,069
6,736
-280
0
31 Mar 24
69,640
6,776
-391
0
31 Dec 23
67,571
6,920
-499
0
24 Sep 23
67,688
6,966
-509
0
25 Jun 23
67,393
7,060
-523
0
26 Mar 23
66,146
5,688
907
0
31 Dec 22
65,984
5,732
865
0
25 Sep 22
64,722
5,869
895
0
26 Jun 22
64,167
4,705
2,592
0
27 Mar 22
65,750
6,211
1,181
0
31 Dec 21
67,044
6,315
1,241
0
26 Sep 21
66,347
6,058
1,286
0
27 Jun 21
66,814
7,197
-332
0
28 Mar 21
66,005
7,008
-287
0
31 Dec 20
65,398
6,888
-241
0
27 Sep 20
64,244
6,594
-29
0
28 Jun 20
62,920
6,449
183
0
29 Mar 20
61,127
6,243
397
0
31 Dec 19
59,812
6,230
608
0
29 Sep 19
58,345
5,985
653
0
30 Jun 19
57,492
5,850
694
0
31 Mar 19
56,463
5,593
735
0
31 Dec 18
53,762
5,046
777
0
30 Sep 18
53,195
2,976
865
0
24 Jun 18
51,218
2,466
857
0
25 Mar 18
50,383
2,258
851
0
31 Dec 17
49,960
1,890
746
0
24 Sep 17
49,868
3,666
561
0
25 Jun 17
49,078
3,792
375
0
26 Mar 17
48,092
3,736
188
0
31 Dec 16
47,290
3,661
471
0
25 Sep 16
45,016
3,611
0
0
26 Jun 16
43,525
3,278
0
0
27 Mar 16
40,793
3,054
0
0
31 Dec 15
40,536
3,126
0
0
27 Sep 15
41,546
3,213
0
0
Quality Earnings: LMTUS has high quality earnings.
Growing Profit Margin: LMTUS's current net profit margins (8.2%) are higher than last year (5.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: LMTUS's earnings have declined by 4.3% per year over the past 5 years.
Accelerating Growth: LMTUS's earnings growth over the past year (49%) exceeds its 5-year average (-4.3% per year).
Earnings vs Industry: LMTUS earnings growth over the past year (49%) exceeded the Aerospace & Defense industry 13.8%.
Return on Equity
High ROE: Whilst LMTUS's Return on Equity (71.7%) is outstanding, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/07/31 18:12
End of Day Share Price
2026/07/30 00:00
Earnings
2026/06/28
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Lockheed Martin Corporation is covered by 39 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.