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LMT.NYSE
Lockheed Martin
Industrials · Aerospace & Defense

Global security and aerospace company engaged in research, design, development, and integration of advanced technology systems.

HQ: United StatesListed: United States

Profile & Fundamentals

Lockheed Martin: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.

Profile & Fundamentals

Lockheed Martin Profile & Fundamentals

Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

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Profile & Fundamentals contents

Company and Market Context

Company Profile & Ownership

Lockheed Martin Corporation, an aerospace and defense company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services in the United States, Europe, Asia, the Middle East, and internationally. The company operates through four segments: Aeronautics; Missiles and Fire Control (MFC); Rotary and Mission Systems (RMS); and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment provides air and missile defense systems; tactical missiles and precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; and ground vehicles. The RMS segment offers military and commercial helicopters, surface ships, sea- and land-based missile defense systems, radar and laser systems, sea- and air-based mission and combat systems, command and control mission solutions, cyber solutions, simulation and training solutions, and services and support for surface ships. The Space segment provides satellites; space transportation systems; strategic, advanced strike, and defensive systems; and classified systems and services in support of national security systems. This segment also provides network-enabled situational awareness; and integrates space and ground global systems to help its customers gather, analyze, and securely distribute critical intelligence data. It primarily serves the U.S. government and international customers, as well as foreign military sales contracted through the U.S. government. The company was formerly known as The Lockheed Corporation and changed its name to Lockheed Martin Corporation in March 1995. Lockheed Martin Corporation was founded in 1912 and is based in Bethesda, Maryland.

LMT.NYSE

Company profile record

Lockheed Martin Corporation

Common Stock · Industrials · Aerospace & Defense

Official website

Company

Company / asset
Lockheed Martin Corporation
Security type
Common Stock
Sector
Industrials
Industry
Aerospace & Defense
HQ
🇺🇸 United States
Head office
6801 Rockledge Drive, Bethesda, MD, United States, 20817

Leadership & scale

Chief executive
Mr. James D. Taiclet Jr.
CEO year born
1961
Full-time employees
123K
Fiscal year end
December
IPO date
1977-01-03

Fundamentals snapshot

Updated 2026-09-28
Market Cap
USD 117.9B
P/E
18.8x
Revenue (Q2 26)
USD 20.1B
Profit (Q2 26)
USD 1.8B
Dividend Yield
1.9%
Revenue (FY 25)
USD 75.1B
Shares in public float
197.4M
Insider ownership
0.11%

Reporting & identifiers

Symbol
LMT.NYSE
Listing
🇺🇸 United States | Dividend Tax: 30%
Ticker Currency
USD
Income Statement Currency
USD
Balance Sheet Currency
USD
Cash Flow Currency
USD
EPS Currency
USD
Contract Type
SPOT
ISIN
US5398301094
Asset ID
equity_8aaa753b-c33b-5de3-844e-8fbb5f9bcf9b

Ownership

Shares Outstanding

Latest: 231.1M | Max: 285.9M | Min: 231.1M

Shares Outstanding
360.2M270.2M180.1M90.1M0.00
231.1M
'17
'19
'21
'23
'25
'26

Latest reported ownership snapshot

As of Oct 1, 2026

Float Shares

85.42%

197.4M latest reported shares

Insider Ownership

0.11%

Latest reported insider stake

Short Float

0.01%

Latest reported short interest / float

Top Holders

Top 5 concentration: 34.20%
State Street Corp
institution
Filed 2026-03-31 • Change -1.1M (-3.30%)
14.11%(32.6M shares)
BlackRock Inc
institution
Filed 2026-03-31 • Change +123.0K (+0.69%)
7.73%(17.8M shares)
Vanguard Capital Management, LLC
institution
Filed 2026-03-31 • Change +14.1M (0.00%)
6.09%(14.1M shares)
Vanguard MStar Total Stk Mkt Idx Invest
fund
Filed 2026-08-31 • Change -14.1K (-0.19%)
3.17%(7.3M shares)
Charles Schwab Investment Management Inc
institution
Filed 2026-03-31 • Change -1.5M (-17.21%)
3.10%(7.2M shares)
CI Private Wealth LLC
institution
Filed 2026-06-30 • Change +6.9M (+3986.44%)
3.08%(7.1M shares)
Morgan Stanley - Brokerage Accounts
institution
Filed 2026-03-31 • Change -63.7K (-1.11%)
2.45%(5.7M shares)
Source tablesView ownership tables

Shares Outstanding

Annual reported shares outstanding; up to 10 reporting dates.

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Shares outstanding — reported values
Reporting dateShares outstanding
2017-01-01285,900,000
2018-01-01285,500,000
2019-01-01283,300,000
2020-01-01281,000,000
2021-01-01274,300,000
2022-01-01258,300,000
2023-01-01246,100,000
2024-01-01237,000,000
2025-01-01231,900,000
2026-01-01231,100,000

Top Holders

Available reported ownership records.

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Largest reported holders
HolderSharesOwnershipReported date
State Street Corp32,555,58814.11%2026-03-31
BlackRock Inc17,832,7137.73%2026-03-31
Vanguard Capital Management, LLC14,065,4886.09%2026-03-31
Vanguard MStar Total Stk Mkt Idx Invest7,326,6613.17%2026-08-31
Charles Schwab Investment Management Inc7,152,4493.1%2026-03-31
CI Private Wealth LLC7,116,4113.08%2026-06-30
Morgan Stanley - Brokerage Accounts5,664,8572.45%2026-03-31
Schwab US Dividend Equity ETF™5,541,7232.4%2026-08-29
Vanguard 500 Index Investor5,391,2312.34%2026-08-31
Vanguard Portfolio Management, LLC5,330,5852.31%2026-03-31
Geode Capital Management, LLC5,072,4022.2%2026-03-31
iShares Core S&P 500 ETF2,701,6571.17%2026-08-31
Bank of America Corp2,695,6891.17%2026-03-31
Fidelity 500 Index2,623,6621.14%2026-07-31
State Street® SPDR® S&P 500® ETF2,486,4291.08%2026-08-31

Earnings, Profitability & Valuation

Earnings, Profitability & Valuation

Earnings & Revenue

Earnings and Revenue Trajectory

AI Review

Lockheed Martin's financial performance demonstrates an underlying operational recovery supported by a massive defense order book. Trailing revenue reached seventy-seven billion dollars, while full-year 2026 guidance points to approximately eighty-one billion dollars in sales. Recent headline profit surges largely reflect the comparison against prior-year contract write-downs rather than an overnight operational transformation, but demand across tactical missiles and aircraft remains exceptionally durable. The critical financial indicator is cash flow generation. Free cash flow guided between seven and seven-point-two billion dollars for 2026 confirms that working capital tied up during earlier delivery pauses is converting into cash. Converting these orders into reliable earnings will depend on avoiding fresh fixed-price contract charges as missile factories ramp production.

Revenue, Net Income, and Free Cash Flow

Latest: USD 75.1B | Max: USD 75.1B | Min: USD 1.9B

RevenueFree Cash FlowNet Income
USD 94.6BUSD 70.9BUSD 47.3BUSD 23.6BUSD 0.00
75.1B
6.9B
5.0B
'16
'18
'20
'22
'24
'25

Valuation

P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.

Latest: 22x

24x18x12x6x0x
15x
16x
22x
'21'23'25

Profitability & Margins

Margins and Operating Efficiency

AI Review

Profitability is rebounding as earlier factory bottlenecks and program write-downs subside. Consolidated operating margins have recovered toward eleven percent after dropping significantly during periods of heavy development losses. Expanding output in the Missiles and Fire Control segment has been the primary driver of this recovery, benefiting from favorable high-volume production pricing. Long-term margin expansion faces structural limits under standard defense contracting rules. While high-volume missile manufacturing and international fighter fleet maintenance carry attractive profit margins, legacy fixed-price development contracts remain vulnerable to labor and material inflation. Sustaining operating profit margins above eleven-and-a-half percent will require steady execution and resolving sub-tier supplier shortages without incurring new contract overrun penalties.

Profitability Margins

Latest: 10.2% | Max: 14.3% | Min: 4.0%

Gross MarginOperating MarginNet Margin
18.0%13.5%9.0%4.5%0.0%
10.2%
10.3%
6.7%
'16
'18
'20
'22
'24
'25

Latest Profitability Ratios as of 2025-12-31

Gross Margin

10.2%

Gross profit / revenue

Operating Margin

10.3%

Operating income / revenue

Net Margin

6.7%

Net income / revenue

FCF Margin

9.2%

Free cash flow / revenue

Source tablesView earnings, profitability & valuation tables

Revenue, Net Income, and Free Cash Flow

Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.

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Annual earnings and cash flow
Period endRevenue (USD)Net income (USD)Free cash flow (USD)
2016-12-3147,290,000,0005,302,000,0004,126,000,000
2017-12-3149,960,000,0002,002,000,0005,299,000,000
2018-12-3153,762,000,0005,046,000,0001,860,000,000
2019-12-3159,812,000,0006,230,000,0005,827,000,000
2020-12-3165,398,000,0006,833,000,0006,417,000,000
2021-12-3167,044,000,0006,315,000,0007,699,000,000
2022-12-3165,984,000,0005,732,000,0006,132,000,000
2023-12-3167,571,000,0006,920,000,0006,229,000,000
2024-12-3171,043,000,0005,336,000,0005,287,000,000
2025-12-3175,057,000,0005,017,000,0006,908,000,000

Published P/E Ratio

Published valuation snapshots retain each observation's earnings basis.

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Published valuation snapshots
Period endP/E (times earnings)Earnings basis
2025-12-3122.36Trailing four quarters
2024-12-3121.58Trailing four quarters
2023-12-3116.12Trailing four quarters
2022-12-3121.92Annual net income
2021-12-3115.44Annual net income

Profitability Margins

Matching annual reporting dates. Values are percentages.

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Annual profitability margins
Period endGross margin (%)Operating margin (%)Net margin (%)Free cash flow margin (%)
2016-12-3111.4212.4511.218.72
2017-12-3112.7513.54.0110.61
2018-12-3113.7113.649.393.46
2019-12-3113.9914.2910.429.74
2020-12-3113.2313.2210.459.81
2021-12-3113.5213.619.4211.48
2022-12-3112.5612.658.699.29
2023-12-3112.5512.5910.249.22
2024-12-319.759.877.517.44
2025-12-3110.1510.36.689.2

Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.

Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.

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