Lockheed Martin LMT
$567.08 −$9.08 (-1.58%)
Market closed · Nov 6, 8:10 pm ET · Last extended-hours $569.04 +0.35%
Open$569.00
Prev close$576.16
Day range$561.85 – $572.50
Volume1.39M
Market cap$131.00B
P/E (TTM)20.1
Dividend yield2.43%
Fundamentals
Latest reported quarter: Q3, ended Sep 2026
Revenue$20.71B+11.3% YoY
Operating profit$2.44B+7.1% YoY
Net profit$1.85B+14.0% YoY
Diluted EPS$7.97+14.7% YoY
Free cash flow$3.00B-10.4% YoY
Operating cash flow$3.44B
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin11.7%
Operating margin11.8%
Net margin8.2%
Return on equity80.2%
Return on assets10.4%
Return on invested capital26.0%
Current ratio1.26
Liabilities / assets84.4%
Cash & investments$5.96B
Total debt$20.50B
Net cash (debt)-$14.54B
Free cash flow / sales10.6%
Where the revenue comes from
Quarter 2026/Q3
By business line
Income statement
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $20.71B | $20.06B | $18.02B | $75.05B | $20.32B |
| Total Operating Revenue | $20.71B | $20.06B | $18.02B | $75.05B | $20.32B |
| Cost of Revenue | $18.28B | $17.62B | $15.94B | $67.43B | $18.00B |
| Gross Profit | $2.44B | $2.45B | $2.08B | $7.62B | $2.32B |
| Operating Expense | -$7.00M | -$33.00M | $15.00M | -$112.00M | -$9.00M |
| Other Operating Expenses | -$7.00M | -$33.00M | $15.00M | -$112.00M | -$9.00M |
| Operating Profit | $2.44B | $2.48B | $2.06B | $7.73B | $2.33B |
| Net Non-Operating Interest Income (Expense) | -$264.00M | -$266.00M | -$269.00M | -$1.12B | -$290.00M |
| Non-Operating Interest Expense | $264.00M | $266.00M | $269.00M | $1.12B | $290.00M |
| Other Income (Expense) | -$7.00M | -$35.00M | -$20.00M | -$691.00M | -$510.00M |
| Other Non-Operating Income (Expenses) | -$7.00M | -$35.00M | -$20.00M | -$691.00M | -$510.00M |
| Pretax Profit | $2.17B | $2.18B | $1.77B | $5.92B | $1.53B |
| Tax | $327.00M | $342.00M | $286.00M | $905.00M | $187.00M |
| Net Profit | $1.85B | $1.84B | $1.49B | $5.02B | $1.34B |
| Profit from Continuing Operations | $1.85B | $1.84B | $1.49B | $5.02B | $1.34B |
| Net Income to Parent Company | $1.85B | $1.84B | $1.49B | $5.02B | $1.34B |
| Net Income to Common Stockholders | $1.85B | $1.84B | $1.49B | $5.02B | $1.34B |
| Basic EPS | $8.00 | $7.98 | $6.47 | $21.56 | $5.82 |
| Diluted EPS | $7.97 | $7.94 | $6.44 | $21.49 | $5.80 |
| Dividend Per Share | $3.45 | $3.45 | $3.45 | $13.35 | $3.45 |
Balance sheet
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Assets | $64.51B | $62.45B | $59.24B | $59.84B | $59.84B |
| Total Current Assets | $31.00B | $28.40B | $25.08B | $25.36B | $25.36B |
| Cash and Cash Equivalents & Short-Term Investments | $5.96B | $3.79B | $1.89B | $4.12B | $4.12B |
| -Cash and Cash Equivalents | $5.96B | $3.79B | $1.89B | $4.12B | $4.12B |
| Receivables | $20.00B | $19.39B | $18.21B | $16.90B | $16.90B |
| -Accounts Receivable | $3.10B | $3.36B | $2.32B | $3.90B | $3.90B |
| -Other Receivables | $16.90B | $16.04B | $15.89B | $13.00B | $13.00B |
| Inventory | $3.99B | $4.41B | $4.25B | $3.52B | $3.52B |
| Other Current Assets | $1.06B | $805.00M | $728.00M | $815.00M | $815.00M |
| Total Non-Current Assets | $33.51B | $34.05B | $34.16B | $34.48B | $34.48B |
| Net PPE | $11.52B | $11.39B | $11.28B | $8.88B | $8.88B |
| Goodwill and Other Intangible Assets | $13.04B | $13.09B | $13.14B | $15.62B | $15.62B |
| -Goodwill | $11.30B | $11.30B | $11.31B | $11.31B | $11.31B |
| -Other Intangible Assets | $1.74B | $1.79B | $1.84B | $4.30B | $4.30B |
| Non-Current Deferred Assets | $1.82B | $2.41B | $2.80B | $2.98B | $2.98B |
| Other Non-Current Assets | $7.13B | $7.16B | $6.93B | $7.01B | $7.01B |
| Total Liabilities | $54.45B | $53.68B | $51.75B | $53.12B | $53.12B |
| Total Current Liabilities | $24.54B | $23.81B | $22.09B | $23.34B | $23.34B |
| Payables | $5.01B | $4.92B | $4.71B | $3.63B | $3.63B |
| -Accounts Payable | $5.01B | $4.92B | $4.71B | $3.63B | $3.63B |
| Current Accrued Expenses | $3.35B | $3.00B | $2.68B | $3.18B | $3.18B |
| Current Deferred Liabilities | $12.64B | $12.15B | $10.74B | $11.44B | $11.44B |
| Other Current Liabilities | $3.54B | $3.74B | $3.80B | $3.91B | $3.91B |
| Total Non-Current Liabilities | $29.91B | $29.87B | $29.66B | $29.78B | $29.78B |
| Long Term Debt and Capital Lease Obligation | $20.50B | $20.54B | $20.53B | $20.53B | $20.53B |
| -Long Term Debt | $20.50B | $20.54B | $20.53B | $20.53B | $20.53B |
| Employee Benefits | $3.94B | $3.93B | $3.92B | $3.92B | $3.92B |
| Other Non-Current Liabilities | $5.47B | $5.40B | $5.21B | $5.34B | $5.34B |
| Total Equity | $10.06B | $8.77B | $7.49B | $6.72B | $6.72B |
| Stockholders' Equity | $10.06B | $8.77B | $7.49B | $6.72B | $6.72B |
| Capital Stock | $230.00M | $230.00M | $230.00M | $229.00M | $229.00M |
| -Common Stock | $230.00M | $230.00M | $230.00M | $229.00M | $229.00M |
| Additional Paid-In Capital | $451.00M | $247.00M | $32.00M | $0.00 | $0.00 |
| Retained Earnings | $16.80B | $15.76B | $14.72B | $14.03B | $14.03B |
| Gains/Losses Not Affecting Retained Earnings | -$7.42B | -$7.47B | -$7.50B | -$7.54B | -$7.54B |
| Short-Term Debt and Capital Lease Obligation | – | – | $168.00M | $1.17B | $1.17B |
| -Current Debt | – | – | $168.00M | $1.17B | $1.17B |
| -Gross PPE | – | – | – | $23.10B | $23.10B |
| -Accumulated Depreciation | – | – | – | -$14.23B | -$14.23B |
Cash flow
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Operating Cash Flow | $3.44B | $3.24B | $220.00M | $8.56B | $3.22B |
| Net cash flow from continuing operations | $3.44B | $3.24B | $220.00M | $8.56B | $3.22B |
| Net Income from Continuing Operations | $1.85B | $1.84B | $1.49B | $5.02B | $1.34B |
| Depreciation & Depletion & Amortization | $425.00M | $400.00M | $398.00M | $1.69B | $463.00M |
| Deferred Tax | $576.00M | $377.00M | $161.00M | $372.00M | $300.00M |
| Other Non-Cash Items | $395.00M | $329.00M | -$498.00M | $446.00M | -$1.30B |
| Change in Working Capital | $108.00M | $196.00M | -$1.41B | $186.00M | $1.84B |
| -Change in Receivables | -$601.00M | -$1.19B | -$1.31B | -$1.83B | $891.00M |
| -Change in Inventory | $424.00M | -$160.00M | -$727.00M | -$286.00M | $225.00M |
| -Change in Payables and Accrued Expense | -$208.00M | $127.00M | $1.33B | $1.09B | -$458.00M |
| -Change In Other Working Capital | $493.00M | $1.42B | -$705.00M | $1.22B | $1.18B |
| Net cash flow from investing | -$470.00M | -$349.00M | -$541.00M | -$1.98B | -$513.00M |
| Net Cash Flow from Continuing Investing Activities | -$470.00M | -$349.00M | -$541.00M | -$1.98B | -$513.00M |
| Capital Expenditure | -$439.00M | -$318.00M | -$511.00M | -$1.65B | -$463.00M |
| Net Other Investing Changes | -$31.00M | -$31.00M | -$30.00M | -$328.00M | -$50.00M |
| Financing Cash Flow | -$799.00M | -$989.00M | -$1.91B | -$4.94B | -$2.06B |
| Net Cash Flow from Continuing Financing Activities | -$799.00M | -$989.00M | -$1.91B | -$4.94B | -$2.06B |
| Net Issuance Payments Of Debt | $0.00 | -$168.00M | -$1.00B | $1.34B | -$500.00M |
| Net Common Stock Issuance | $0.00 | $0.00 | $0.00 | -$3.00B | -$750.00M |
| Cash Dividends Paid | -$796.00M | -$796.00M | -$816.00M | -$3.13B | -$799.00M |
| Net Other Financing Charges | -$3.00M | -$25.00M | -$90.00M | -$154.00M | -$6.00M |
| Ending Cash Balance | $5.96B | $3.79B | $1.89B | $4.12B | $4.12B |
| Net Change in Cash | $2.17B | $1.90B | -$2.23B | $1.64B | $651.00M |
| Beginning Cash Balance | $3.79B | $1.89B | $4.12B | $2.48B | $3.47B |
| Free Cash Flow | $3.00B | $2.92B | -$291.00M | $6.91B | $2.76B |
| Gain/Loss from Continuing Operations | – | – | – | $479.00M | – |
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