LMT Stock - Lockheed Martin Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $71.04B | $67.57B | $65.98B | $67.04B | $65.40B |
| Gross Profit | $6.93B | $8.48B | $8.29B | $9.06B | $8.65B |
| Gross Margin | 9.8% | 12.5% | 12.6% | 13.5% | 13.2% |
| Operating Income | $7.01B | $8.51B | $8.35B | $9.12B | $8.64B |
| Net Income | $5.34B | $6.92B | $5.73B | $6.32B | $6.83B |
| Net Margin | 7.5% | 10.2% | 8.7% | 9.4% | 10.4% |
| EPS | $22.39 | $27.65 | $21.74 | $22.85 | $24.40 |
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The Missiles and Fire Control segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; manned and unmanned ground vehicles; and energy management solutions. The Rotary and Mission Systems segment offers military and commercial helicopters, surface ships, sea and land-based missile defense systems, radar systems, sea and air-based mission and combat systems, command and control mission solutions, cyber solutions, and simulation and training solutions. The Space segment offers satellites; space transportation systems; strategic, advanced strike, and defensive missile 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-based systems to help its customers gather, analyze, and securely distribute critical intelligence data. It serves primarily serves the U.S. government, as well as foreign military sales contracted through the U.S. government. Lockheed Martin Corporation was founded in 1912 and is headquartered in Bethesda, Maryland.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 19th 2025 | JP Morgan | Downgrade | Neutral | $515 |
| December 16th 2025 | Morgan Stanley | Downgrade | Equal Weight | $543 |
| December 12th 2025 | Citigroup | Initiation | Neutral | $505 |
| August 28th 2025 | Alembic Global Advisors | Upgrade | Overweight | - |
| July 23rd 2025 | Truist | Downgrade | Hold | $440 |
| July 10th 2025 | TD Cowen | Downgrade | Hold | $480 |
| April 23rd 2025 | Robert W. Baird | Upgrade | Outperform | $540 |
| April 16th 2025 | Morgan Stanley | Upgrade | Overweight | $575 |
| March 27th 2025 | RBC Capital Mkts | Downgrade | Sector Perform | $480← $550 |
| March 24th 2025 | BofA Securities | Downgrade | Neutral | $485← $685 |
| March 24th 2025 | Melius | Downgrade | Hold | - |
| January 14th 2025 | Truist | Initiation | Buy | $579 |
| January 2nd 2025 | Deutsche Bank | Downgrade | Hold | $523← $611 |
| September 3rd 2024 | Melius | Upgrade | Buy | $704 |
| August 5th 2024 | RBC Capital Mkts | Upgrade | Outperform | $600← $500 |
Earnings History & Surprises
LMTEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 20, 2026 | — | — | — | — |
Q1 2026 | Jan 27, 2026 | $6.39 | — | — | — |
Q4 2025 | Oct 21, 2025 | $6.38 | $6.95 | +8.9% | ✓ BEAT |
Q3 2025 | Jul 22, 2025 | $6.52 | $7.29 | +11.8% | ✓ BEAT |
Q2 2025 | Apr 22, 2025 | $6.34 | $7.28 | +14.8% | ✓ BEAT |
Q1 2025 | Jan 28, 2025 | $6.62 | $7.67 | +15.9% | ✓ BEAT |
Q4 2024 | Oct 22, 2024 | $6.50 | $6.80 | +4.6% | ✓ BEAT |
Q3 2024 | Jul 23, 2024 | $6.46 | $6.85 | +6.0% | ✓ BEAT |
Q2 2024 | Apr 23, 2024 | $5.82 | $6.39 | +9.8% | ✓ BEAT |
Q1 2024 | Jan 23, 2024 | $7.26 | $7.88 | +8.5% | ✓ BEAT |
Q4 2023 | Oct 17, 2023 | $6.67 | $6.73 | +0.9% | ✓ BEAT |
Q3 2023 | Jul 18, 2023 | $6.45 | $6.63 | +2.8% | ✓ BEAT |
Q2 2023 | Apr 18, 2023 | $6.06 | $6.61 | +9.1% | ✓ BEAT |
Q1 2023 | Jan 24, 2023 | $7.39 | $7.40 | +0.1% | ✓ BEAT |
Q4 2022 | Oct 18, 2022 | $6.66 | $6.71 | +0.8% | ✓ BEAT |
Q3 2022 | Jul 19, 2022 | $1.74 | $1.99 | +14.4% | ✓ BEAT |
Q2 2022 | Apr 19, 2022 | $6.21 | $6.44 | +3.7% | ✓ BEAT |
Q1 2022 | Jan 25, 2022 | $7.16 | $7.47 | +4.3% | ✓ BEAT |
Q4 2021 | Oct 26, 2021 | $1.96 | $6.66 | +239.8% | ✓ BEAT |
Q3 2021 | Jul 26, 2021 | $6.53 | $7.13 | +9.2% | ✓ BEAT |
Latest News
Lockheed Martin Secures Over $1B Space Development Agency Contract For 18 TRKT3 Space Vehicles
📈 PositiveJP Morgan Downgrades Lockheed Martin to Neutral, Raises Price Target to $515
➖ NeutralTrump Administration Plans Executive Order To Limit Defense Contractors Dividends, Buybacks And Executive Pay For Over-Budget And Delayed Contracts
📉 NegativeMorgan Stanley Downgrades Lockheed Martin to Equal-Weight, Lowers Price Target to $543
📉 NegativeCitigroup Initiates Coverage On Lockheed Martin with Neutral Rating, Announces Price Target of $505
➖ NeutralLockheed Martin And Microsoft Collaborate On Next-Gen C-UAS Technologies
📈 PositiveLockheed Martin shares slip, ending six-session rally
📉 NegativeLockheed Martin shares are trading higher after the company announced it entered into a Memorandum of Understanding with Hadrian to advance manufacturing capabilities.
📈 PositiveLockheed Martin And Hadrian Collaborate To Advance Manufacturing Capabilities
📈 PositiveLockheed Martin Opens Hypersonics System Integration Lab At Its Huntsville Campus
📈 PositiveCNBC Halftime Report Final Trades: Netflix, NVIDIA, Freeport-McMoRan, Lockheed Martin
➖ NeutralPresident Trump Says Brought Up Abraham Accords, Had A Good Talk On Abraham Accords; Have Reached Defense Agreement; Saudi Will Buy F-35 Jets; Saudi Crown Prince Says We Want Peace For Israel, Palestinians; We Want To Be Part Of Abraham Accords But Also Make Sure To Secure Path To Two State Solution
📈 PositiveUkraine's Military Says It Attacked Military Targets In Russia With ATACAMS Missiles
➖ Neutral'Trump Likely to Sell F-35 Fighters to Saudis, US Official Says'- Bloomberg
📈 PositiveLockheed Martin shares snapped six-session losing streak
📈 Positive'Saudi Arabia's Request To Buy 48 F-35 Fighter Jets Advances Through Pentagon Review, Faces Further Review, Sources Say' - Reuters Exclusive
➖ NeutralLockheed Martin Investing $50M In Saildrone
📈 PositiveLockheed Martin And Google Public Sector Today Announced A Strategic Collaboration To Integrate Google's Advanced Generative AI, Including Its Gemini Models, Into The Lockheed Martin AI Factory
📈 PositiveLockheed, NioCorp to develop scandium-based defense technology
📈 PositiveUBS Maintains Neutral on Lockheed Martin, Lowers Price Target to $513
➖ NeutralFrequently Asked Questions about LMT
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