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LMT · NYSE · United States · Guided Missiles & Space Vehicles & Parts
In shortLOCKHEED MARTIN CORP is profitable, generates cash and carries heavy debt, with revenue growing (+5.6% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 10.3% | 51/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 6.7% | 47/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 76.9% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 23.0% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.09× | 24/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 3.23× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.87× | 61/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 6.92× | 52/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.99 | 23/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 9.2% | 57/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.38× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 2.9% | 100/100 |
| Operating margin volatility | 1.6% | 94/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 4.4% | 41/100 |
|---|---|---|
| EPS growth, 3-year average | -0.3% | 24/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 67,044 | 65,984 | 67,571 | 71,043 | 75,048 |
| Cost of revenue | 57,983 | 57,697 | 59,092 | 64,113 | 67,429 |
| Gross profit | 9,061 | 8,287 | 8,479 | 6,930 | 7,619 |
| Research & development | 1,500 | 1,700 | 1,500 | 1,600 | 2,000 |
| Operating income | 9,123 | 8,348 | 8,507 | 7,013 | 7,731 |
| Interest expense | 569 | 623 | 916 | 1,036 | 1,118 |
| Pre-tax income | 7,550 | 6,680 | 8,098 | 6,220 | 5,922 |
| Income tax | 1,235 | 948 | 1,178 | 884 | 905 |
| Net income | 6,315 | 5,732 | 6,920 | 5,336 | 5,017 |
| Diluted EPS | $22.76 | $21.66 | $27.55 | $22.31 | $21.49 |
| Diluted shares (millions) | 277 | 265 | 251 | 239 | 234 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of LOCKHEED MARTIN CORP are included in the Investor plan. Try free for 7 days →
1.99 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Sep 27, 2026 · Data updated Oct 22, 2026