Stocks Comparison
Boeing vs Lockheed Martin: revenue, profit, margins and growth compared
Boeing brought in $89.5B of revenue in fiscal 2025, Lockheed Martin $75B in fiscal 2025. Revenue changed by +34.5% at Boeing and +5.6% at Lockheed Martin on the year before, so Boeing grew faster. Boeing kept 2.5% of its revenue as net profit, Lockheed Martin 6.7%. Free cash flow was -$1.9B at Boeing and $6.9B at Lockheed Martin.
Side by side, latest fiscal year
| BA | LMT | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2025 (December 31, 2025) |
| Revenue | $89.5B | $75B |
| Revenue growth | +34.5% | +5.6% |
| Net income | $2.2B | $5B |
| Net margin | 2.5% | 6.7% |
| Free cash flow | -$1.9B | $6.9B |
| Free cash flow margin | -2.1% | 9.2% |
| Earnings per share (diluted) | $2.48 | $21.49 |
| Cash | $10.9B | $4.1B |
| Debt | $53.8B | $21.7B |
| Price to earnings | 79.9 | 24.2 |
| Market value | $156.5B | $119.9B |
| Dividend yield | n/a | 2.57% |
| Rank by revenue in sector | #4 of 451 · Industrials | #7 of 451 · Industrials |
Over the years
Questions about Boeing and Lockheed Martin
Which is bigger by revenue, Boeing or Lockheed Martin?
Boeing is bigger by revenue: $89.5B in fiscal 2025, against $75B for Lockheed Martin in fiscal 2025.
Which keeps more of its revenue as profit, Boeing or Lockheed Martin?
Boeing had a net margin of 2.5% in fiscal 2025; Lockheed Martin had 6.7% in fiscal 2025.
Which grew revenue faster, Boeing or Lockheed Martin?
In their latest fiscal years revenue changed by +34.5% at Boeing and +5.6% at Lockheed Martin.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.