Stocks Industrials LMT
NYSE · IndustrialsLockheed Martin Corp (LMT)
Lockheed Martin Corp brought in $77B of revenue over the twelve months to June 28, 2026, up 7.2% from a year earlier. Net income was $6.3B, a net margin of 8.2%. Operating cash flow minus capital spending left $6.9B of free cash flow in fiscal 2025. At June 28, 2026 it held $3.8B in cash against $20.5B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on July 23, 2026.
Key facts about Lockheed Martin Corp
- Net worth
- Lockheed Martin Corp has a market value (market cap) of $118.5B at the latest share price, and shareholders' equity of $8.8B on its balance sheet at June 28, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $75B (+5.6% year on year), with net income of $5B. Over the 12 months to June 28, 2026: revenue $77B, net income $6.3B.
- Cash flow
- In fiscal 2025 operations brought in $8.6B of cash; after $1.6B of capital spending, free cash flow was $6.9B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on July 23, 2026 and covers the period to June 28, 2026. Open on SEC EDGAR
- Next earnings report
- Lockheed Martin Corp's next report is expected around October 20, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Lockheed Martin Corp declared dividends of $13.35 per share in fiscal 2025, a yield of 2.60% at the current price.
What Lockheed Martin Corp does
Lockheed Martin Corp is a defence and aerospace manufacturer that develops military aircraft, missile systems, satellites, and radar technology. Its primary customers are the United States Department of Defense and allied foreign governments. The company is best known for producing fighter jets such as the F-35 and tactical defense systems. Its shares trade on NYSE under the ticker LMT.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $75B | $5B | $21.49 | $6.9B |
| 2024 | $71B | $5.3B | $22.31 | $5.3B |
| 2023 | $67.6B | $6.9B | $27.55 | $6.2B |
| 2022 | $66B | $5.7B | $21.66 | $6.1B |
| 2021 | $67B | $6.3B | $22.76 | $7.7B |
| 2020 | $65.4B | $6.8B | $24.30 | $6.4B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where LMT ranks in Industrials
Dividends
Lockheed Martin Corp declared $13.35 per share in fiscal 2025. At the current price that is a yield of 2.60%. It paid out $3.1B in cash dividends, 62% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $13.35 | $3.1B | 62% |
| 2024 | $12.75 | $3.1B | 57% |
| 2023 | $12.15 | $3.1B | 44% |
| 2022 | $11.40 | $3B | 53% |
| 2021 | $10.60 | $2.9B | 47% |
| 2020 | $9.80 | $2.8B | 40% |
Latest SEC filings
What Lockheed Martin Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 28, 2026
- July 23, 2026Quarterly report 10-Q · period to June 28, 2026Revenue rose 11% to $20.1B versus the same quarter last year; diluted EPS $7.94 versus $1.46.
- July 23, 2026
- June 24, 2026
- June 24, 2026
- June 24, 2026
- June 24, 2026
- May 27, 2026
- May 13, 2026
- April 30, 2026Passive stake (5% or more) SCHEDULE 13G
What is LMT worth? A DCF from its reported cash flow
Insider trades
What the people running Lockheed Martin Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $117.6K worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 13, 2026 | Donovan JohnDirector | Sold | 120 | - |
| August 13, 2026 | Donovan JohnDirector | Sold | 204 | - |
| August 13, 2026 | Donovan JohnDirector | Sold | 212 | - |
| August 13, 2026 | Donovan JohnDirector | Sold | 469 | - |
| August 13, 2026 | Donovan JohnDirector | Sold | 631 | - |
| August 13, 2026 | Donovan JohnDirector | Sold | 1,742 | - |
| August 12, 2026 | Lightfoot Robert M JRPresident Space | Sold | 196 | $117.6K |
| August 11, 2026 | Lightfoot Robert M JRPresident Space | Sold | 846 | - |
Who owns LMT
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 6.99% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 2,772 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| State Street Corp | 32,975,170 | +419,582 |
| BlackRock, Inc. | 18,877,978 | +1,045,265 |
| Vanguard Capital Management LLC | 14,158,758 | +93,270 |
| Charles Schwab Investment Management Inc | 7,806,000 | +653,551 |
| Morgan Stanley | 5,706,408 | +41,551 |
| Vanguard Portfolio Management LLC | 5,559,369 | +228,784 |
| Geode Capital Management, LLC | 5,216,758 | +144,356 |
| Invesco Ltd. | 2,426,642 | +467,153 |
| Bank of America Corp | 2,284,661 | -411,028 |
| Sanders Capital, LLC | 2,093,533 | +952,510 |
| Northern Trust Corp | 1,961,038 | +19,943 |
| Goldman Sachs Group Inc | 1,902,778 | +200,953 |
| Capital World Investors | 1,844,218 | -26,535 |
| Royal Bank of Canada | 1,715,798 | -91,154 |
| Fmr LLC | 1,667,767 | -582,306 |
| Two Sigma Investments, LP | 1,569,836 | +220,664 |
| Franklin Resources Inc | 1,515,260 | +109,513 |
| Aqr Capital Management LLC | 1,376,925 | -130,861 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 1,320,995 | -122,284 |
| UBS Group AG | 1,289,500 | -316,909 |
Insiders
11 insiders reported holding 82,025 shares in total, about $42.1M at the last price.
| Holder | Shares |
|---|---|
| Taiclet James D JrChairman, President & CEO, Director | 43,963 |
| Cahill Timothy SPres. Missiles & Fire Control | 9,591 |
| Hill Stephanie C.Pres. Rotary & Mission Systems | 8,964 |
| Ulmer Gregory MPresident Aeronautics | 5,661 |
| St John Frank AChief Operating Officer | 3,826 |
| Paul Harry Edward IIIVice President & Controller | 2,878 |
| O'Connor Kevin J.SVP & General Counsel | 2,719 |
| Lightfoot Robert M JRPresident Space | 2,015 |
| Ricciardone Maria A.VP, Treasurer & Investor Rel. | 1,047 |
| Scott Evan TChief Financial Officer | 945 |
What changed in its risk factors
We line the risk section of this year's 10-K up against last year's and keep only what actually changed. Below is the most material change from the latest comparison.
What changed: LMT removed specific disclosures detailing China's 2023 and 2024 export bans on critical minerals used in missile systems and semiconductors.
Read it on SEC EDGARQuestions about LMT
What does Lockheed Martin Corp do?
Lockheed Martin Corp is a defence and aerospace manufacturer that develops military aircraft, missile systems, satellites, and radar technology. Its primary customers are the United States Department of Defense and allied foreign governments. The company is best known for producing fighter jets such as the F-35 and tactical defense systems. Its shares trade on NYSE under the ticker LMT.
What is Lockheed Martin Corp's net worth?
Lockheed Martin Corp has a market value (market cap) of $118.5B at the latest share price, and shareholders' equity of $8.8B on its balance sheet at June 28, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Lockheed Martin Corp profitable?
Yes. Over the twelve months to June 28, 2026 it reported net income of $6.3B on revenue of $77B, a net margin of 8.2%.
How much revenue does Lockheed Martin Corp make?
Over the twelve months to June 28, 2026 Lockheed Martin Corp reported revenue of $77B. That is 7.2% more than a year earlier.
When did Lockheed Martin Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on July 23, 2026. It covers the period to June 28, 2026. Its newest filing of any kind is the insider trade from October 1, 2026.
When is Lockheed Martin Corp's next earnings report?
Lockheed Martin Corp's next report is expected around October 20, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does Lockheed Martin Corp pay a dividend?
Yes. Lockheed Martin Corp declared dividends of $13.35 per share in fiscal 2025, a yield of 2.60% at the current price.
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Where the numbers come from
Financial figures are the values Lockheed Martin Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.