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Lockheed Martin vs Redwire: revenue, profit, margins and growth compared

Lockheed Martin brought in $75B of revenue in fiscal 2025, Redwire $335.4M in fiscal 2025. Revenue changed by +5.6% at Lockheed Martin and +10.3% at Redwire on the year before, so Redwire grew faster. Lockheed Martin kept 6.7% of its revenue as net profit, Redwire -67.6%. Free cash flow was $6.9B at Lockheed Martin and -$190.8M at Redwire.

Side by side, latest fiscal year

LMTRDW
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$75B$335.4M
Revenue growth+5.6%+10.3%
Net income$5B-$226.6M
Net margin6.7%-67.6%
Free cash flow$6.9B-$190.8M
Free cash flow margin9.2%-56.9%
Earnings per share (diluted)$21.49-$2.28
Cash$4.1B$94.5M
Debt$21.7B$85.2M
Price to earnings24.2n/a
Market value$119.9B$2.9B
Dividend yield2.57%n/a
Rank by revenue in sector#7 of 451 · Industrials#344 of 451 · Industrials

Over the years

Revenue
LMT FY2018: $53.8BLMT FY2019: $59.8BLMT FY2020: $65.4BLMT FY2021: $67BLMT FY2022: $66BLMT FY2023: $67.6BLMT FY2024: $71BLMT FY2025: $75BRDW FY2021: $137.6MRDW FY2022: $160.5MRDW FY2023: $243.8MRDW FY2024: $304.1MRDW FY2025: $335.4MFY18FY19FY20FY21FY22FY23FY24FY25
LMT $75BRDW $335.4M
Net income
LMT FY2018: $5BLMT FY2019: $6.2BLMT FY2020: $6.8BLMT FY2021: $6.3BLMT FY2022: $5.7BLMT FY2023: $6.9BLMT FY2024: $5.3BLMT FY2025: $5BRDW FY2021: -$61.5MRDW FY2022: -$130.6MRDW FY2023: -$27.3MRDW FY2024: -$114.3MRDW FY2025: -$226.6MFY18FY19FY20FY21FY22FY23FY24FY25
LMT $5BRDW -$226.6M
Net margin
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%RDW FY2021: -44.7%RDW FY2022: -81.4%RDW FY2023: -11.2%RDW FY2024: -37.6%RDW FY2025: -67.6%FY18FY19FY20FY21FY22FY23FY24FY25
LMT 6.7%RDW -67.6%
Revenue growth
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%RDW FY2022: +16.7%RDW FY2023: +51.9%RDW FY2024: +24.7%RDW FY2025: +10.3%FY19FY20FY21FY22FY23FY24FY25
LMT +5.6%RDW +10.3%
Free cash flow
LMT FY2018: $1.9BLMT FY2019: $5.8BLMT FY2020: $6.4BLMT FY2021: $7.7BLMT FY2022: $6.1BLMT FY2023: $6.2BLMT FY2024: $5.3BLMT FY2025: $6.9BRDW FY2021: -$39.5MRDW FY2022: -$35.3MRDW FY2023: -$4.4MRDW FY2024: -$23.7MRDW FY2025: -$190.8MFY18FY19FY20FY21FY22FY23FY24FY25
LMT $6.9BRDW -$190.8M

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

Questions about Lockheed Martin and Redwire

Which is bigger by revenue, Lockheed Martin or Redwire?

Lockheed Martin is bigger by revenue: $75B in fiscal 2025, against $335.4M for Redwire in fiscal 2025.

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

Lockheed Martin had a net margin of 6.7% in fiscal 2025; Redwire had -67.6% in fiscal 2025.

Which grew revenue faster, Lockheed Martin or Redwire?

In their latest fiscal years revenue changed by +5.6% at Lockheed Martin and +10.3% at Redwire.

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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