← LOCKHEED MARTIN CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $47.2b |
$51.0b
+8.04%
|
$53.8b
+5.32%
|
$59.8b
+11.25%
|
$65.4b
+9.34%
|
$67.0b
+2.52%
|
$66.0b
-1.58%
|
$67.6b
+2.41%
|
$71.0b
+5.14%
|
$75.0b
+5.64%
|
$77.0b
+2.62%
|
|
| Cost of Revenue | $42.2b |
$45.5b
+7.86%
|
$46.5b
+2.17%
|
$51.4b
+10.66%
|
$56.7b
+10.30%
|
$58.0b
+2.18%
|
$57.7b
-0.49%
|
$59.1b
+2.42%
|
$64.1b
+8.50%
|
$67.4b
+5.17%
|
$67.9b
+0.74%
|
|
| Gross Profit | $5.1b |
$5.5b
+9.60%
|
$7.3b
+31.11%
|
$8.4b
+15.03%
|
$8.7b
+3.43%
|
$9.1b
+4.70%
|
$8.3b
-8.54%
|
$8.5b
+2.32%
|
$6.9b
-18.27%
|
$7.6b
+9.94%
|
$9.1b
+19.25%
|
|
| Research and Development Expense | $988.0m | $1.2b | $1.3b | $1.3b | $1.3b | $1.5b | $1.7b | $1.5b | $1.6b | $2.0b | — | |
| Amortization of Intangible Assets | $284.0m | $312.0m | $296.0m | $284.0m | $271.0m | $285.0m | $248.0m | $247.0m | $247.0m | $254.0m | — | |
| Operating Lease, Expense | — | — | — | $239.0m | $223.0m | $275.0m | $275.0m | $273.0m | $260.0m | $258.0m | — | |
| Operating expenses: | ||||||||||||
| Total operating costs and expenses | ($42.2b) | ($45.5b) | ($46.5b) | ($51.4b) | ($56.7b) | ($58.0b) | ($58.9b) | ($60.2b) | ($65.1b) | ($67.4b) | — | |
| Operating Income (Loss) | $5.5b |
$5.9b
+6.70%
|
$7.3b
+23.86%
|
$8.5b
+16.51%
|
$8.6b
+1.16%
|
$9.1b
+5.54%
|
$8.3b
-8.50%
|
$8.5b
+1.90%
|
$7.0b
-17.56%
|
$7.7b
+10.24%
|
$9.2b
+18.39%
|
|
| Other Operating Income (Expense), Net | $487.0m | $373.0m | $60.0m | $178.0m | ($10.0m) | $62.0m | $61.0m | $28.0m | $83.0m | $112.0m | — | |
| Interest Expense | $663.0m | $651.0m | $668.0m | $653.0m | $591.0m | $569.0m | $623.0m | $916.0m | ($1.0b) | ($1.1b) | $1.1b | |
| Debt and Equity Securities, Realized Gain (Loss) | — | — | — | — | — | — | ($323.0m) | $240.0m | $170.0m | $253.0m | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | — | $265.0m | $114.0m | ($64.0m) | $22.0m | $55.0m | — | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | — | ($1.7b) | ($1.5b) | $0 | $0 | ($479.0m) | — | |
| Income (Loss) from Equity Method Investments | $443.0m | $207.0m | $119.0m | $154.0m | $163.0m | $97.0m | $114.0m | $40.0m | $56.0m | $28.0m | — | |
| Other Nonoperating Income (Expense) | $0 | ($1.0m) | ($828.0m) | ($651.0m) | $182.0m | $288.0m | ($74.0m) | $64.0m | $181.0m | $183.0m | — | |
| Other income, net | $487.0m | $373.0m | $60.0m | $178.0m | ($10.0m) | $62.0m | $61.0m | $28.0m | $83.0m | $112.0m | ($621.0m) | |
| Earnings before income taxes | $4.9b | $5.3b | $5.8b | $7.2b | $8.2b | $7.5b | $6.7b | $8.1b | $6.2b | $5.9b | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | — | — | — | — | — | — | — | — | $5.5b | $7.4b | |
| Income Tax Expense (Benefit) | $1.1b | $3.3b | $792.0m | $1.0b | $1.3b | $1.2b | $948.0m | $1.2b | $884.0m | $905.0m | $1.1b | |
| Net earnings | $5.3b |
$2.0b
-62.24%
|
$5.0b
+152.05%
|
$6.2b
+23.46%
|
$6.8b
+9.68%
|
$6.3b
-7.58%
|
$5.7b
-9.23%
|
$6.9b
+20.73%
|
$5.3b
-22.89%
|
$5.0b
-5.98%
|
$6.3b
+25.31%
|
|
| Net Income (Loss) Attributable to Parent | $5.3b |
$2.0b
-62.24%
|
$5.0b
+152.05%
|
$6.2b
+23.46%
|
$6.8b
+9.68%
|
$6.3b
-7.58%
|
$5.7b
-9.23%
|
$6.9b
+20.73%
|
$5.3b
-22.89%
|
$5.0b
-5.98%
|
$6.3b
+25.31%
|
|
| Earnings Per Share, Basic | $17.71 | $6.96 | $17.74 | $22.09 | $24.40 | $22.85 | $21.74 | $27.65 | $22.39 | $21.56 | $27.23 | |
| Earnings Per Share, Diluted | $17.49 | $6.89 | $17.59 | $21.95 | $24.30 | $22.76 | $21.66 | $27.55 | $22.31 | $21.49 | $27.12 | |
| Income (Loss) from Continuing Operations, Per Basic Share | $13 | $7 | $18 | $22 | $25 | $23 | $22 | — | — | — | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $12 | $7 | $18 | $22 | $24 | $23 | $22 | — | — | — | — | |
| Common Stock, Dividends, Per Share, Declared | $6.77 | $7.46 | $8.20 | $9.00 | $9.80 | $10.60 | $11.40 | $12.15 | $12.75 | $13.35 | — | |
| Weighted Average Number of Shares Outstanding, Basic | 299.3m | 287.8m | 284.5m | 282.0m | 280.0m | 276.4m | 263.7m | 250.3m | 238.3m | 232.7m | 230.8m | |
| Weighted Average Number of Shares Outstanding, Diluted | 303.1m | 290.6m | 286.8m | 283.8m | 281.2m | 277.4m | 264.6m | 251.2m | 239.2m | 233.5m | 231.7m | |
| Additional Financial Items | ||||||||||||
| Capitalized Computer Software, Amortization | — | — | — | — | — | — | — | — | — | $393.0m | — | |
| Depreciation, Depletion and Amortization, Nonproduction | $1.2b | $1.2b | $1.2b | $1.2b | $1.3b | $1.1b | $1.2b | $1.4b | $1.6b | $1.7b | — | |
| Impairment and other charges | — | — | — | — | — | — | ($100.0m) | ($92.0m) | ($87.0m) | ($66.0m) | — | |
| Non-service FAS pension (expense) income | — | — | — | ($577.0m) | $219.0m | ($1.3b) | ($971.0m) | $443.0m | $62.0m | ($874.0m) | — | |
| Operating profit | $5.5b |
$5.9b
+6.70%
|
$7.3b
+23.86%
|
$8.5b
+16.51%
|
$8.6b
+1.16%
|
$9.1b
+5.54%
|
$8.3b
-8.50%
|
$8.5b
+1.90%
|
$7.0b
-17.56%
|
$7.7b
+10.24%
|
— | |
| Other unallocated, net | $550.0m | $655.0m | — | — | $1.6b | $1.8b | $1.3b | $1.2b | $1.0b | $996.0m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $3.8b | $1.9b | $5.0b | $6.2b | $6.9b | $6.3b | $5.7b | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $1.5b | $73.0m | $0 | $0 | ($55.0m) | $0 | $0 | — | — | — | — | |
| Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component | — | — | — | — | — | $1.3b | $971.0m | ($443.0m) | ($62.0m) | $874.0m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.