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Lockheed Martin LMT

US equityMarket cap rank #125Aerospace & DefenseSpaceRoboticsDefense
$527.93
+$3.25 (+0.62%)
Market open · Sep 24, 2:00 pm ET
After hours $524.50 -0.03%
Open$523.74
Prev close$524.68
Day range$523.76 – $531.00
Volume445.6K
Market cap$121.84B
P/E (TTM)19.5
Dividend yield2.59%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$20.06B+10.5% YoY
Operating profit$2.48B+231.4% YoY
Net profit$1.84B+436.8% YoY
Diluted EPS$7.94+443.8% YoY
Free cash flow$2.92B+2,044.7% YoY
Operating cash flow$3.24B

Revenue, last 8 quarters

$17.1BSep '24$18.6BDec '24$18.0BMar '25$18.2BJun '25$18.6BSep '25$20.3BDec '25$18.0BMar '26$20.1BJun '26

Net profit, last 8 quarters

$1.6BSep '24$527.0MDec '24$1.7BMar '25$342.0MJun '25$1.6BSep '25$1.3BDec '25$1.5BMar '26$1.8BJun '26

Diluted EPS by quarter

6.80Sep '242.22Dec '247.28Mar '251.46Jun '256.95Sep '255.80Dec '256.44Mar '267.94Jun '26

Free cash flow by quarter

$2.1BSep '24$441.0MDec '24$955.0MMar '25$-150.0MJun '25$3.3BSep '25$2.8BDec '25$-291.0MMar '26$2.9BJun '26

Annual revenue

$65.4BFY20$67.0BFY21$66.0BFY22$67.6BFY23$71.0BFY24$75.0BFY25

Profitability & balance sheet

Gross margin11.8%
Operating margin11.9%
Net margin8.2%
Return on equity89.2%
Return on assets10.4%
Return on invested capital27.2%
Current ratio1.19
Liabilities / assets86.0%
Cash & investments$3.79B
Total debt$20.54B
Net cash (debt)-$16.75B
Free cash flow / sales11.3%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Aeronautics$8.22B 38.9%
  • Rotary and Mission Systems (RMS)$5.02B 23.7%
  • Missiles and Fire Control (MFC)$4.35B 20.6%
  • Space$3.58B 16.9%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $20.06B $18.02B $75.05B $20.32B $18.61B
Total Operating Revenue $20.06B $18.02B $75.05B $20.32B $18.61B
Cost of Revenue $17.62B $15.94B $67.43B $18.00B $16.37B
Gross Profit $2.45B $2.08B $7.62B $2.32B $2.24B
Operating Expense -$33.00M $15.00M -$112.00M -$9.00M -$40.00M
Other Operating Expenses -$33.00M $15.00M -$112.00M -$9.00M -$40.00M
Operating Profit $2.48B $2.06B $7.73B $2.33B $2.28B
Net Non-Operating Interest Income (Expense) -$266.00M -$269.00M -$1.12B -$290.00M -$286.00M
Non-Operating Interest Expense $266.00M $269.00M $1.12B $290.00M $286.00M
Other Income (Expense) -$35.00M -$20.00M -$691.00M -$510.00M -$56.00M
Other Non-Operating Income (Expenses) -$35.00M -$20.00M -$691.00M -$510.00M -$56.00M
Pretax Profit $2.18B $1.77B $5.92B $1.53B $1.94B
Tax $342.00M $286.00M $905.00M $187.00M $319.00M
Net Profit $1.84B $1.49B $5.02B $1.34B $1.62B
Profit from Continuing Operations $1.84B $1.49B $5.02B $1.34B $1.62B
Net Income to Parent Company $1.84B $1.49B $5.02B $1.34B $1.62B
Net Income to Common Stockholders $1.84B $1.49B $5.02B $1.34B $1.62B
Basic EPS $7.98 $6.47 $21.56 $5.82 $6.98
Diluted EPS $7.94 $6.44 $21.49 $5.80 $6.95
Dividend Per Share $3.45 $3.45 $13.35 $3.45 $3.30

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $62.45B $59.24B $59.84B $59.84B $60.28B
Total Current Assets $28.40B $25.08B $25.36B $25.36B $25.94B
Cash and Cash Equivalents & Short-Term Investments $3.79B $1.89B $4.12B $4.12B $3.47B
-Cash and Cash Equivalents $3.79B $1.89B $4.12B $4.12B $3.47B
Receivables $19.39B $18.21B $16.90B $16.90B $17.79B
-Accounts Receivable $3.36B $2.32B $3.90B $3.90B $3.84B
-Other Receivables $16.04B $15.89B $13.00B $13.00B $13.95B
Inventory $4.41B $4.25B $3.52B $3.52B $3.75B
Other Current Assets $805.00M $728.00M $815.00M $815.00M $924.00M
Total Non-Current Assets $34.05B $34.16B $34.48B $34.48B $34.34B
Net PPE $11.39B $11.28B $8.88B $8.88B $8.72B
Goodwill and Other Intangible Assets $13.09B $13.14B $15.62B $15.62B $13.26B
-Goodwill $11.30B $11.31B $11.31B $11.31B $11.31B
-Other Intangible Assets $1.79B $1.84B $4.30B $4.30B $1.94B
Non-Current Deferred Assets $2.41B $2.80B $2.98B $2.98B $3.41B
Other Non-Current Assets $7.16B $6.93B $7.01B $7.01B $8.95B
Total Liabilities $53.68B $51.75B $53.12B $53.12B $54.10B
Total Current Liabilities $23.81B $22.09B $23.34B $23.34B $22.97B
Payables $4.92B $4.71B $3.63B $3.63B $3.83B
-Accounts Payable $4.92B $4.71B $3.63B $3.63B $3.83B
Current Accrued Expenses $3.00B $2.68B $3.18B $3.18B $3.07B
Current Deferred Liabilities $12.15B $10.74B $11.44B $11.44B $10.26B
Other Current Liabilities $3.74B $3.80B $3.91B $3.91B $4.15B
Total Non-Current Liabilities $29.87B $29.66B $29.78B $29.78B $31.12B
Long Term Debt and Capital Lease Obligation $20.54B $20.53B $20.53B $20.53B $20.52B
-Long Term Debt $20.54B $20.53B $20.53B $20.53B $20.52B
Employee Benefits $3.93B $3.92B $3.92B $3.92B $4.86B
Other Non-Current Liabilities $5.40B $5.21B $5.34B $5.34B $5.74B
Total Equity $8.77B $7.49B $6.72B $6.72B $6.18B
Stockholders' Equity $8.77B $7.49B $6.72B $6.72B $6.18B
Capital Stock $230.00M $230.00M $229.00M $229.00M $230.00M
-Common Stock $230.00M $230.00M $229.00M $229.00M $230.00M
Additional Paid-In Capital $247.00M $32.00M $0.00 $0.00 $0.00
Retained Earnings $15.76B $14.72B $14.03B $14.03B $14.05B
Gains/Losses Not Affecting Retained Earnings -$7.47B -$7.50B -$7.54B -$7.54B -$8.10B
Short-Term Debt and Capital Lease Obligation – $168.00M $1.17B $1.17B $1.67B
-Current Debt – $168.00M $1.17B $1.17B $1.67B
-Gross PPE – – $23.10B $23.10B –
-Accumulated Depreciation – – -$14.23B -$14.23B –

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $3.24B $220.00M $8.56B $3.22B $3.73B
Net cash flow from continuing operations $3.24B $220.00M $8.56B $3.22B $3.73B
Net Income from Continuing Operations $1.84B $1.49B $5.02B $1.34B $1.62B
Depreciation & Depletion & Amortization $400.00M $398.00M $1.69B $463.00M $428.00M
Deferred Tax $377.00M $161.00M $372.00M $300.00M $633.00M
Other Non-Cash Items $329.00M -$498.00M $446.00M -$1.30B $424.00M
Change in Working Capital $196.00M -$1.41B $186.00M $1.84B $550.00M
-Change in Receivables -$1.19B -$1.31B -$1.83B $891.00M $409.00M
-Change in Inventory -$160.00M -$727.00M -$286.00M $225.00M -$50.00M
-Change in Payables and Accrued Expense $127.00M $1.33B $1.09B -$458.00M -$207.00M
-Change In Other Working Capital $1.42B -$705.00M $1.22B $1.18B $398.00M
Net cash flow from investing -$349.00M -$541.00M -$1.98B -$513.00M -$319.00M
Net Cash Flow from Continuing Investing Activities -$349.00M -$541.00M -$1.98B -$513.00M -$319.00M
Capital Expenditure -$318.00M -$511.00M -$1.65B -$463.00M -$381.00M
Net Other Investing Changes -$31.00M -$30.00M -$328.00M -$50.00M $62.00M
Financing Cash Flow -$989.00M -$1.91B -$4.94B -$2.06B -$1.23B
Net Cash Flow from Continuing Financing Activities -$989.00M -$1.91B -$4.94B -$2.06B -$1.23B
Net Issuance Payments Of Debt -$168.00M -$1.00B $1.34B -$500.00M $536.00M
Net Common Stock Issuance $0.00 $0.00 -$3.00B -$750.00M -$1.00B
Cash Dividends Paid -$796.00M -$816.00M -$3.13B -$799.00M -$765.00M
Net Other Financing Charges -$25.00M -$90.00M -$154.00M -$6.00M -$3.00M
Ending Cash Balance $3.79B $1.89B $4.12B $4.12B $3.47B
Net Change in Cash $1.90B -$2.23B $1.64B $651.00M $2.18B
Beginning Cash Balance $1.89B $4.12B $2.48B $3.47B $1.29B
Free Cash Flow $2.92B -$291.00M $6.91B $2.76B $3.35B
Gain/Loss from Continuing Operations – – $479.00M – –
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