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General Motors vs Lockheed Martin: revenue, profit, margins and growth compared

General Motors brought in $185B of revenue in fiscal 2025, Lockheed Martin $75B in fiscal 2025. Revenue changed by -1.3% at General Motors and +5.6% at Lockheed Martin on the year before, so Lockheed Martin grew faster. General Motors kept 1.5% of its revenue as net profit, Lockheed Martin 6.7%. Free cash flow was $17.6B at General Motors and $6.9B at Lockheed Martin.

Side by side, latest fiscal year

GMLMT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$185B$75B
Revenue growth-1.3%+5.6%
Net income$2.7B$5B
Net margin1.5%6.7%
Free cash flow$17.6B$6.9B
Free cash flow margin9.5%9.2%
Earnings per share (diluted)$3.27$21.49
Cash$20.9B$4.1B
Debtn/a$21.7B
Price to earnings25.324.2
Market value$72.5B$119.9B
Dividend yield0.69%2.57%
Rank by revenue in sector#2 of 451 · Industrials#7 of 451 · Industrials

Over the years

Revenue
GM FY2018: $147BGM FY2019: $137.2BGM FY2020: $122.5BGM FY2021: $127BGM FY2022: $156.7BGM FY2023: $171.8BGM FY2024: $187.4BGM FY2025: $185BLMT FY2018: $53.8BLMT FY2019: $59.8BLMT FY2020: $65.4BLMT FY2021: $67BLMT FY2022: $66BLMT FY2023: $67.6BLMT FY2024: $71BLMT FY2025: $75BFY18FY19FY20FY21FY22FY23FY24FY25
GM $185BLMT $75B
Net income
GM FY2018: $8BGM FY2019: $6.7BGM FY2020: $6.4BGM FY2021: $10BGM FY2022: $9.9BGM FY2023: $10.1BGM FY2024: $6BGM FY2025: $2.7BLMT FY2018: $5BLMT FY2019: $6.2BLMT FY2020: $6.8BLMT FY2021: $6.3BLMT FY2022: $5.7BLMT FY2023: $6.9BLMT FY2024: $5.3BLMT FY2025: $5BFY18FY19FY20FY21FY22FY23FY24FY25
GM $2.7BLMT $5B
Net margin
GM FY2018: 5.4%GM FY2019: 4.9%GM FY2020: 5.2%GM FY2021: 7.9%GM FY2022: 6.3%GM FY2023: 5.9%GM FY2024: 3.2%GM FY2025: 1.5%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
GM 1.5%LMT 6.7%
Revenue growth
GM FY2019: -6.7%GM FY2020: -10.7%GM FY2021: +3.7%GM FY2022: +23.4%GM FY2023: +9.6%GM FY2024: +9.1%GM FY2025: -1.3%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
GM -1.3%LMT +5.6%
Free cash flow
GM FY2018: $6.5BGM FY2019: $7.4BGM FY2020: $11.4BGM FY2021: $7.7BGM FY2022: $6.8BGM FY2023: $10BGM FY2024: $9.3BGM FY2025: $17.6BLMT FY2018: $1.9BLMT FY2019: $5.8BLMT FY2020: $6.4BLMT FY2021: $7.7BLMT FY2022: $6.1BLMT FY2023: $6.2BLMT FY2024: $5.3BLMT FY2025: $6.9BFY18FY19FY20FY21FY22FY23FY24FY25
GM $17.6BLMT $6.9B

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

Questions about General Motors and Lockheed Martin

Which is bigger by revenue, General Motors or Lockheed Martin?

General Motors is bigger by revenue: $185B in fiscal 2025, against $75B for Lockheed Martin in fiscal 2025.

Which keeps more of its revenue as profit, General Motors or Lockheed Martin?

General Motors had a net margin of 1.5% in fiscal 2025; Lockheed Martin had 6.7% in fiscal 2025.

Which grew revenue faster, General Motors or Lockheed Martin?

In their latest fiscal years revenue changed by -1.3% at General Motors 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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