Global security and aerospace company engaged in research, design, development, and integration of advanced technology systems.
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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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.
Company profile record
Lockheed Martin Corporation
Common Stock · Industrials · Aerospace & Defense
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
- 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
Latest reported ownership snapshot
As of Oct 1, 2026Float 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
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 285,900,000 |
| 2018-01-01 | 285,500,000 |
| 2019-01-01 | 283,300,000 |
| 2020-01-01 | 281,000,000 |
| 2021-01-01 | 274,300,000 |
| 2022-01-01 | 258,300,000 |
| 2023-01-01 | 246,100,000 |
| 2024-01-01 | 237,000,000 |
| 2025-01-01 | 231,900,000 |
| 2026-01-01 | 231,100,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| State Street Corp | 32,555,588 | 14.11% | 2026-03-31 |
| BlackRock Inc | 17,832,713 | 7.73% | 2026-03-31 |
| Vanguard Capital Management, LLC | 14,065,488 | 6.09% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 7,326,661 | 3.17% | 2026-08-31 |
| Charles Schwab Investment Management Inc | 7,152,449 | 3.1% | 2026-03-31 |
| CI Private Wealth LLC | 7,116,411 | 3.08% | 2026-06-30 |
| Morgan Stanley - Brokerage Accounts | 5,664,857 | 2.45% | 2026-03-31 |
| Schwab US Dividend Equity ETF™ | 5,541,723 | 2.4% | 2026-08-29 |
| Vanguard 500 Index Investor | 5,391,231 | 2.34% | 2026-08-31 |
| Vanguard Portfolio Management, LLC | 5,330,585 | 2.31% | 2026-03-31 |
| Geode Capital Management, LLC | 5,072,402 | 2.2% | 2026-03-31 |
| iShares Core S&P 500 ETF | 2,701,657 | 1.17% | 2026-08-31 |
| Bank of America Corp | 2,695,689 | 1.17% | 2026-03-31 |
| Fidelity 500 Index | 2,623,662 | 1.14% | 2026-07-31 |
| State Street® SPDR® S&P 500® ETF | 2,486,429 | 1.08% | 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.
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
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 22x
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 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%
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.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 47,290,000,000 | 5,302,000,000 | 4,126,000,000 |
| 2017-12-31 | 49,960,000,000 | 2,002,000,000 | 5,299,000,000 |
| 2018-12-31 | 53,762,000,000 | 5,046,000,000 | 1,860,000,000 |
| 2019-12-31 | 59,812,000,000 | 6,230,000,000 | 5,827,000,000 |
| 2020-12-31 | 65,398,000,000 | 6,833,000,000 | 6,417,000,000 |
| 2021-12-31 | 67,044,000,000 | 6,315,000,000 | 7,699,000,000 |
| 2022-12-31 | 65,984,000,000 | 5,732,000,000 | 6,132,000,000 |
| 2023-12-31 | 67,571,000,000 | 6,920,000,000 | 6,229,000,000 |
| 2024-12-31 | 71,043,000,000 | 5,336,000,000 | 5,287,000,000 |
| 2025-12-31 | 75,057,000,000 | 5,017,000,000 | 6,908,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 22.36 | Trailing four quarters |
| 2024-12-31 | 21.58 | Trailing four quarters |
| 2023-12-31 | 16.12 | Trailing four quarters |
| 2022-12-31 | 21.92 | Annual net income |
| 2021-12-31 | 15.44 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 11.42 | 12.45 | 11.21 | 8.72 |
| 2017-12-31 | 12.75 | 13.5 | 4.01 | 10.61 |
| 2018-12-31 | 13.71 | 13.64 | 9.39 | 3.46 |
| 2019-12-31 | 13.99 | 14.29 | 10.42 | 9.74 |
| 2020-12-31 | 13.23 | 13.22 | 10.45 | 9.81 |
| 2021-12-31 | 13.52 | 13.61 | 9.42 | 11.48 |
| 2022-12-31 | 12.56 | 12.65 | 8.69 | 9.29 |
| 2023-12-31 | 12.55 | 12.59 | 10.24 | 9.22 |
| 2024-12-31 | 9.75 | 9.87 | 7.51 | 7.44 |
| 2025-12-31 | 10.15 | 10.3 | 6.68 | 9.2 |
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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