Lockheed Martin (LMT) Financials: Revenue & Earnings

LMT price $630.36 +7.37 +1.18%

Ticker
LMT
Price
$630.36
Change
+7.37 +1.18%
Market cap ?
$145.62B
P/E ?
22.04
Forward P/E ?
20.64
Dividend yield ?
2.22%
Beta ?
0.10
Sector
Industrials
Industry
Aerospace & Defense
Stocklytics score
45
Value
44
Quality
46
Growth
46

Stocklytics score rationale: value 44, quality 46, growth 46.

Financials

2016201720182019202020212022202320242025
47290000000499600000005376200000059812000000653980000006704400000065984000000675710000007104300000075057000000

Lockheed Martin Corporation stands as a prominent global security and aerospace enterprise, specializing in the comprehensive lifecycle of advanced technological systems. Its expertise spans the research, design, development, manufacturing, integration, and ongoing sustainment of cutting-edge products and services across the world. The company's diverse operations are structured into four key segments: Aeronautics…

Fair value

LMT fair value $590.44. Price $630.36. Price is 7% above fair value.

Above fair value, around its usual premium.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 8.38B. Growth 6.64%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 231.00M. Net debt 17.58B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare LMT

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2027-02-04—8.46—22.59B
2026-10-227.977.5220.71B20.48B
2026-07-237.947.1920.06B19.34B
2026-04-236.446.7418.02B18.22B
2026-01-295.807.0720.32B18.72B
2025-10-216.956.3818.61B18.55B
2025-07-221.466.5218.16B18.57B
2025-04-227.286.3417.96B17.78B
2025-01-282.226.6118.62B18.87B
2024-10-226.806.5017.10B17.38B
2024-07-236.856.4618.12B17.04B
2024-04-236.395.8217.20B16.04B
2024-01-237.887.2618.87B17.97B
2023-10-176.736.6716.88B17.04B
2023-07-186.636.4516.69B15.91B
2023-04-186.616.0615.13B15.04B
2023-01-247.407.3918.99B18.28B
2022-10-186.716.6616.58B16.65B
2022-07-191.991.8815.45B15.98B
2022-04-196.446.2114.96B15.58B
2022-01-257.477.1617.73B15.64B
2021-10-266.661.9616.03B17.16B
2021-07-267.136.5317.03B17.15B
2021-04-206.486.3116.26B16.41B
2021-01-266.466.4117.03B16.90B
2020-10-206.256.0916.50B13.51B
2020-07-216.135.7216.22B16.02B
2020-04-216.085.8015.65B14.93B
2020-01-285.295.0315.88B15.10B
2019-10-225.665.0215.17B13.46B
2019-07-235.004.7714.43B13.76B
2019-04-235.734.3414.34B10.39B
2019-01-294.394.4014.41B14.44B
2018-10-235.144.3114.32B12.01B
2018-07-244.313.9213.40B12.97B
2018-04-244.023.4011.63B9.84B
2018-01-294.304.0615.14B25.04B
2017-10-243.243.2612.17B12.42B
2017-07-183.233.1112.69B12.10B
2017-04-253.002.7911.06B11.99B

Dividends

Yield 2.19%. Payout ratio 49.24%. Frequency Quarterly.

Safety score 95/100 · Safe. Payout ratio is 49% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 43 separate years. Yield is 2.2%, in a range that is usually sustainable.

Ex-dateDividendRecordPaymentFrequency
2026-12-01$3.602026-12-012026-12-31Quarterly
2026-09-01$3.452026-09-012026-09-25Quarterly
2026-06-01$3.452026-06-012026-06-26Quarterly
2026-03-02$3.452026-03-022026-03-27Quarterly
2025-12-01$3.452025-12-012025-12-30Quarterly
2025-09-02$3.302025-09-022025-09-26Quarterly
2025-06-02$3.302025-06-022025-06-27Quarterly
2025-03-03$3.302025-03-032025-03-28Quarterly
2024-12-02$3.302024-12-022024-12-27Quarterly
2024-09-03$3.152024-09-032024-09-27Quarterly
2024-06-03$3.152024-06-032024-06-28Quarterly
2024-02-29$3.152024-03-012024-03-29Quarterly
2023-11-30$3.152023-12-012023-12-29Quarterly
2023-08-31$3.002023-09-012023-09-22Quarterly
2023-05-31$3.002023-06-012023-06-23Quarterly
2023-02-28$3.002023-03-012023-03-24Quarterly
2022-11-30$3.002022-12-012022-12-30Quarterly
2022-08-31$2.802022-09-012022-09-23Quarterly
2022-05-31$2.802022-06-012022-06-24Quarterly
2022-02-28$2.802022-03-012022-03-25Quarterly
2021-11-30$2.802021-12-012021-12-27Quarterly
2021-08-31$2.602021-09-012021-09-24Quarterly
2021-05-28$2.602021-06-012021-06-25Quarterly
2021-02-26$2.602021-03-012021-03-26Quarterly
2020-11-30$2.602020-12-012020-12-24Quarterly
2020-08-31$2.402020-09-012020-09-25Quarterly
2020-05-29$2.402020-06-012020-06-26Quarterly
2020-02-28$2.402020-03-022020-03-27Quarterly
2019-11-29$2.402019-12-022019-12-27Quarterly
2019-08-30$2.202019-09-032019-09-27Quarterly
2019-05-31$2.202019-06-032019-06-28Quarterly
2019-02-28$2.202019-03-012019-03-29Quarterly
2018-11-30$2.202018-12-032018-12-28Quarterly
2018-08-31$2.002018-09-042018-09-28Quarterly
2018-05-31$2.002018-06-012018-06-22Quarterly
2018-02-28$2.002018-03-012018-03-23Quarterly
2017-11-30$2.002017-12-012017-12-29Quarterly
2017-08-30$1.822017-09-012017-09-22Quarterly
2017-05-30$1.822017-06-012017-06-23Quarterly
2017-02-27$1.822017-03-012017-03-24Quarterly
2016-11-29$1.822016-12-012016-12-30Quarterly
2016-08-30$1.652016-09-012016-09-23Quarterly
2016-05-27$1.652016-06-012016-06-24Quarterly
2016-02-26$1.652016-03-012016-03-24Quarterly
2015-11-27$1.652015-12-012015-12-24Quarterly
2015-08-28$1.502015-09-012015-09-25Quarterly
2015-05-28$1.502015-06-012015-06-26Quarterly
2015-02-26$1.502015-03-022015-03-27Quarterly
2014-11-26$1.502014-12-012014-12-26Quarterly
2014-08-28$1.332014-09-022014-09-26Quarterly
2014-05-29$1.332014-06-022014-06-27Quarterly
2014-02-27$1.332014-03-032014-03-28Quarterly
2013-11-27$1.332013-12-022013-12-27Quarterly
2013-08-29$1.152013-09-032013-09-27Quarterly
2013-05-30$1.152013-06-032013-06-28Quarterly
2013-02-27$1.152013-03-012013-03-29Quarterly
2012-11-29$1.152012-12-032012-12-28Quarterly
2012-08-30$1.002012-09-042012-09-28Quarterly
2012-05-30$1.002012-06-012012-06-22Quarterly
2012-02-28$1.002012-03-012012-03-23Quarterly
2011-11-29$1.002011-12-012011-12-30Quarterly
2011-08-30$0.752011-09-012011-09-23Quarterly
2011-05-27$0.752011-06-012011-06-24Quarterly
2011-02-25$0.752011-03-012011-03-25Quarterly
2010-11-29$0.752010-12-012010-12-31Quarterly
2010-08-30$0.632010-09-012010-09-24Quarterly
2010-05-27$0.632010-06-012010-06-25Quarterly
2010-02-25$0.632010-03-012010-03-26Quarterly
2009-11-27$0.632009-12-012009-12-31Quarterly
2009-08-28$0.572009-09-012009-09-25Quarterly
2009-05-28$0.572009-06-012009-06-26Quarterly
2009-02-26$0.572009-03-022009-03-27Quarterly
2008-11-26$0.572008-12-012008-12-26Quarterly
2008-08-28$0.422008-09-022008-09-26Quarterly
2008-05-29$0.422008-06-022008-06-27Quarterly
2008-02-28$0.422008-03-032008-03-28Quarterly
2007-11-29$0.422007-12-032007-12-28Quarterly
2007-08-30$0.352007-09-042007-09-28Quarterly
2007-05-30$0.352007-06-012007-06-22Quarterly
2007-02-27$0.352007-03-012007-03-30Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-10-23BURRITT DAVID BBuy1.80K——
2026-10-23BURRITT DAVID BSell1.80K——
2026-10-23St John Frank ASell720——
2026-10-23St John Frank ASell1.16K——
2026-10-23St John Frank ASell2.02K——
2026-09-30Donovan JohnBuy97——
2026-09-30BURRITT DAVID BBuy83——
2026-08-13Donovan JohnSell120——
2026-08-13Donovan JohnSell204——
2026-08-13Donovan JohnSell212——
2026-08-13Donovan JohnSell469——
2026-08-13Donovan JohnSell631——
2026-08-13Donovan JohnSell1.74K——
2026-08-12Lightfoot Robert M JRSell196$600.12117.62K
2026-08-11Lightfoot Robert M JRSell846——
2026-08-11Lightfoot Robert M JRSell1.56K——
2026-07-31St John Frank ASell7——
2026-07-31St John Frank ASell54——
2026-06-30Donovan JohnBuy97——
2026-06-30BURRITT DAVID BBuy83——
2026-06-11Hill Stephanie C.Sell368——
2026-06-01Sanchez Orlando Jr.Other0——
2026-06-01Sanchez Orlando Jr.Other21——
2026-06-01Sanchez Orlando Jr.Other1.20K——
2026-04-01Hollub Vicki A.Sell416——
2026-04-01Hollub Vicki A.Buy416——
2026-03-31Dunford Joseph F JrBuy81——
2026-03-31Donovan JohnBuy82——
2026-03-31BURRITT DAVID BBuy70——
2026-03-11Cahill Timothy SSell80——
2026-03-11Cahill Timothy SSell280——
2026-03-11Cahill Timothy SSell400——
2026-03-11Cahill Timothy SSell440——
2026-03-11Cahill Timothy SSell600——
2026-03-11Cahill Timothy SSell640——
2026-03-11Cahill Timothy SSell900——
2026-03-11Cahill Timothy SSell1.28K——
2026-02-27Ulmer Gregory MSell320——
2026-02-27Ulmer Gregory MSell2.52K——
2026-02-26O'Connor Kevin J.Sell5.29K——
2026-02-26O'Connor Kevin J.Buy5.29K——
2026-02-26O'Connor Kevin J.Sell2.57K$641.631.65M
2026-02-25TAICLET JAMES D JRBuy8.80K——
2026-02-25St John Frank ABuy3.24K——
2026-02-25Scott Evan TBuy2.78K——
2026-02-25Paul Harry Edward IIIBuy772——
2026-02-25Lightfoot Robert M JRBuy2.22K——
2026-02-25Hill Stephanie C.Buy2.08K——
2026-02-25Cahill Timothy SBuy2.22K——
2026-02-25O'Connor Kevin J.Buy1.99K——
2026-02-24Hill Stephanie C.Sell10$666.056.66K
2026-02-24Hill Stephanie C.Sell2.40K——
2026-02-22Ulmer Gregory MBuy2.06K——
2026-02-22Ulmer Gregory MSell1.75K$658.261.15M
2026-02-22Ulmer Gregory MBuy2.53K——
2026-02-22Ulmer Gregory MSell2.53K——
2026-02-22St John Frank ABuy3.06K——
2026-02-22St John Frank ASell2.99K$658.261.97M
2026-02-22St John Frank ABuy3.76K——
2026-02-22St John Frank ASell3.76K——
2026-02-22Scott Evan TBuy209——
2026-02-22Scott Evan TBuy886——
2026-02-22Scott Evan TSell533$658.26350.85K
2026-02-22Scott Evan TSell886——
2026-02-22Ricciardone Maria A.Buy99——
2026-02-22Ricciardone Maria A.Buy417——
2026-02-22Ricciardone Maria A.Sell230$658.26151.40K
2026-02-22Ricciardone Maria A.Sell417——
2026-02-22Paul Harry Edward IIIBuy209——
2026-02-22Paul Harry Edward IIIBuy886——
2026-02-22Paul Harry Edward IIISell495$658.26325.84K
2026-02-22Paul Harry Edward IIISell886——
2026-02-22Lightfoot Robert M JRBuy2.06K——
2026-02-22Lightfoot Robert M JRBuy2.63K——
2026-02-22Lightfoot Robert M JRSell2.08K$658.261.37M
2026-02-22Lightfoot Robert M JRSell2.63K——
2026-02-22Cahill Timothy SBuy2.06K——
2026-02-22Cahill Timothy SSell1.75K$658.261.15M
2026-02-22Cahill Timothy SBuy2.53K——
2026-02-22Cahill Timothy SSell2.53K——
2026-02-22TAICLET JAMES D JRBuy7.84K——
2026-02-22TAICLET JAMES D JRSell7.66K$658.265.04M
2026-02-22TAICLET JAMES D JRBuy9.62K——
2026-02-22TAICLET JAMES D JRSell9.62K——
2026-02-22Hill Stephanie C.Buy2.06K——
2026-02-22Hill Stephanie C.Buy2.52K——
2026-02-22Hill Stephanie C.Sell2.17K$658.261.43M
2026-02-22Hill Stephanie C.Sell2.52K——
2026-02-13Wilson Heather ABuy261——
2026-02-13REED DEBRA LBuy261——
2026-02-13Hollub Vicki A.Buy261——
2026-02-13Yarrington Patricia EBuy261——
2026-02-13FALK THOMAS JBuy261——
2026-02-13Dunford Joseph F JrBuy261——
2026-02-13Donovan JohnBuy261——
2026-02-13BURRITT DAVID BBuy261——
2026-02-13Aquilino John CBuy261——
2025-12-31Donovan JohnBuy103——
2025-12-31BURRITT DAVID BBuy88——
2025-12-05Ulmer Gregory MBuy33——

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 2.87K, holders -143 vs prior quarter. Ownership 79.26%.

HolderSharesChangeChange %Value
STATE STREET CORP32.98M419.58K+1.29%16.80B
BLACKROCK, INC.18.88M1.05M+5.86%9.62B
VANGUARD CAPITAL MANAGEMENT LLC14.16M93.27K+0.66%7.21B
CHARLES SCHWAB INVESTMENT MANAGEMENT INC7.81M653.55K+9.14%3.98B
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.7.81M7.81MNew3.98B
MORGAN STANLEY5.71M41.55K+0.73%2.91B
VANGUARD PORTFOLIO MANAGEMENT LLC5.56M228.78K+4.29%2.83B
GEODE CAPITAL MANAGEMENT, LLC5.22M144.36K+2.85%2.66B
INVESCO LTD.2.43M467.15K+23.84%1.24B
BANK OF AMERICA CORP /DE/2.28M-411.03K-15.25%1.16B
SANDERS CAPITAL, LLC2.09M952.51K+83.48%1.07B
NORTHERN TRUST CORP1.96M19.94K+1.03%999.07M
GOLDMAN SACHS GROUP INC1.90M200.95K+11.81%969.39M
CAPITAL WORLD INVESTORS1.84M-26.54K-1.42%939.56M
ROYAL BANK OF CANADA1.72M-91.15K-5.04%874.13M
SUSQUEHANNA INTERNATIONAL GROUP, LLP1.70M620.90K+57.43%867.15M
FMR LLC1.67M-582.31K-25.88%849.66M
TWO SIGMA INVESTMENTS, LP1.57M220.66K+16.36%799.77M
FRANKLIN TEMPLETON INC1.52M109.51K+7.79%771.96M
AQR CAPITAL MANAGEMENT LLC1.38M-130.86K-8.68%701.49M
T. ROWE PRICE INVESTMENT MANAGEMENT, INC.1.37M1.37MNew698.01M
MIRAE ASSET GLOBAL ETFS HOLDINGS LTD.1.32M-122.28K-8.47%672.90M
UBS GROUP AG1.29M-316.91K-19.73%656.95M
BANK OF NEW YORK MELLON CORP1.27M9.75K+0.78%645.26M
DIMENSIONAL FUND ADVISORS LP1.26M44.82K+3.70%640.10M

Earnings and financials

Lockheed Martin Corporation (LMT) trades at $630.36, with a market cap of $145.62B and a trailing P/E of 22.04. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.

Financials

2016201720182019202020212022202320242025
47290000000499600000005376200000059812000000653980000006704400000065984000000675710000007104300000075057000000

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Lockheed Martin (LMT) Financials: Revenue & Earnings

LMT$630.36+7.37 +1.18%

$145.62B

Market Cap

22.04

P/E

20.64

Forward P/E

45

Score

Price History