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Ford Motor vs Lockheed Martin: revenue, profit, margins and growth compared

Ford Motor brought in $187.3B of revenue in fiscal 2025, Lockheed Martin $75B in fiscal 2025. Revenue changed by +1.2% at Ford Motor and +5.6% at Lockheed Martin on the year before, so Lockheed Martin grew faster. Ford Motor kept -4.4% of its revenue as net profit, Lockheed Martin 6.7%. Free cash flow was $12.5B at Ford Motor and $6.9B at Lockheed Martin.

Side by side, latest fiscal year

FLMT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$187.3B$75B
Revenue growth+1.2%+5.6%
Net income-$8.2B$5B
Net margin-4.4%6.7%
Free cash flow$12.5B$6.9B
Free cash flow margin6.7%9.2%
Earnings per share (diluted)-$2.06$21.49
Cash$23.4B$4.1B
Debtn/a$21.7B
Price to earningsn/a24.2
Market value$49.8B$119.9B
Dividend yield5.90%2.57%
Rank by revenue in sector#1 of 451 · Industrials#7 of 451 · Industrials

Over the years

Revenue
F FY2018: $160.3BF FY2019: $155.9BF FY2020: $127.1BF FY2021: $136.3BF FY2022: $158.1BF FY2023: $176.2BF FY2024: $185BF FY2025: $187.3BLMT FY2018: $53.8BLMT FY2019: $59.8BLMT FY2020: $65.4BLMT FY2021: $67BLMT FY2022: $66BLMT FY2023: $67.6BLMT FY2024: $71BLMT FY2025: $75BFY18FY19FY20FY21FY22FY23FY24FY25
F $187.3BLMT $75B
Net income
F FY2018: $3.7BF FY2019: $47MF FY2020: -$1.3BF FY2021: $17.9BF FY2022: -$2BF FY2023: $4.3BF FY2024: $5.9BF FY2025: -$8.2BLMT FY2018: $5BLMT FY2019: $6.2BLMT FY2020: $6.8BLMT FY2021: $6.3BLMT FY2022: $5.7BLMT FY2023: $6.9BLMT FY2024: $5.3BLMT FY2025: $5BFY18FY19FY20FY21FY22FY23FY24FY25
F -$8.2BLMT $5B
Net margin
F FY2018: 2.3%F FY2019: 0.0%F FY2020: -1.0%F FY2021: 13.2%F FY2022: -1.3%F FY2023: 2.5%F FY2024: 3.2%F FY2025: -4.4%LMT FY2018: 9.4%LMT FY2019: 10.4%LMT FY2020: 10.4%LMT FY2021: 9.4%LMT FY2022: 8.7%LMT FY2023: 10.2%LMT FY2024: 7.5%LMT FY2025: 6.7%FY18FY19FY20FY21FY22FY23FY24FY25
F -4.4%LMT 6.7%
Revenue growth
F FY2019: -2.8%F FY2020: -18.4%F FY2021: +7.2%F FY2022: +15.9%F FY2023: +11.5%F FY2024: +5.0%F FY2025: +1.2%LMT FY2019: +11.3%LMT FY2020: +9.3%LMT FY2021: +2.5%LMT FY2022: -1.6%LMT FY2023: +2.4%LMT FY2024: +5.1%LMT FY2025: +5.6%FY19FY20FY21FY22FY23FY24FY25
F +1.2%LMT +5.6%
Free cash flow
F FY2018: $7.2BF FY2019: $10BF FY2020: $18.5BF FY2021: $9.6BF FY2022: -$13MF FY2023: $6.7BF FY2024: $6.7BF FY2025: $12.5BLMT FY2018: $1.9BLMT FY2019: $5.8BLMT FY2020: $6.4BLMT FY2021: $7.7BLMT FY2022: $6.1BLMT FY2023: $6.2BLMT FY2024: $5.3BLMT FY2025: $6.9BFY18FY19FY20FY21FY22FY23FY24FY25
F $12.5BLMT $6.9B

Fiscal years as each company reports them; the two may end in different months.

Questions about Ford Motor and Lockheed Martin

Which is bigger by revenue, Ford Motor or Lockheed Martin?

Ford Motor is bigger by revenue: $187.3B in fiscal 2025, against $75B for Lockheed Martin in fiscal 2025.

Which keeps more of its revenue as profit, Ford Motor or Lockheed Martin?

Ford Motor had a net margin of -4.4% in fiscal 2025; Lockheed Martin had 6.7% in fiscal 2025.

Which grew revenue faster, Ford Motor or Lockheed Martin?

In their latest fiscal years revenue changed by +1.2% at Ford Motor 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.

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