Invesaro

Stocks Comparison

Lockheed Martin vs Rocket Lab: revenue, profit, margins and growth compared

Lockheed Martin brought in $75B of revenue in fiscal 2025, Rocket Lab $601.8M in fiscal 2025. Revenue changed by +5.6% at Lockheed Martin and +38.0% at Rocket Lab on the year before, so Rocket Lab grew faster. Lockheed Martin kept 6.7% of its revenue as net profit, Rocket Lab -32.9%. Free cash flow was $6.9B at Lockheed Martin and -$321.8M at Rocket Lab.

Side by side, latest fiscal year

LMTRKLB
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$75B$601.8M
Revenue growth+5.6%+38.0%
Net income$5B-$198.2M
Net margin6.7%-32.9%
Free cash flow$6.9B-$321.8M
Free cash flow margin9.2%-53.5%
Earnings per share (diluted)$21.49-$0.37
Cash$4.1B$828.7M
Debt$21.7B$152.4M
Price to earnings24.2n/a
Market value$119.9B$44.3B
Dividend yield2.57%n/a
Rank by revenue in sector#7 of 451 · Industrials#304 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: $75BRKLB FY2020: $35.2MRKLB FY2021: $62.2MRKLB FY2022: $211MRKLB FY2023: $244.6MRKLB FY2024: $436.2MRKLB FY2025: $601.8MFY18FY19FY20FY21FY22FY23FY24FY25
LMT $75BRKLB $601.8M
Net income
LMT FY2018: $5BLMT FY2019: $6.2BLMT FY2020: $6.8BLMT FY2021: $6.3BLMT FY2022: $5.7BLMT FY2023: $6.9BLMT FY2024: $5.3BLMT FY2025: $5BRKLB FY2020: -$55MRKLB FY2021: -$117.3MRKLB FY2022: -$135.9MRKLB FY2023: -$182.6MRKLB FY2024: -$190.2MRKLB FY2025: -$198.2MFY18FY19FY20FY21FY22FY23FY24FY25
LMT $5BRKLB -$198.2M
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%RKLB FY2020: -156.4%RKLB FY2021: -188.5%RKLB FY2022: -64.4%RKLB FY2023: -74.6%RKLB FY2024: -43.6%RKLB FY2025: -32.9%FY18FY19FY20FY21FY22FY23FY24FY25
LMT 6.7%RKLB -32.9%
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%RKLB FY2021: +77.0%RKLB FY2022: +239.0%RKLB FY2023: +15.9%RKLB FY2024: +78.3%RKLB FY2025: +38.0%FY19FY20FY21FY22FY23FY24FY25
LMT +5.6%RKLB +38.0%
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: $6.9BRKLB FY2020: -$52.9MRKLB FY2021: -$97.5MRKLB FY2022: -$149MRKLB FY2023: -$153.6MRKLB FY2024: -$116MRKLB FY2025: -$321.8MFY18FY19FY20FY21FY22FY23FY24FY25
LMT $6.9BRKLB -$321.8M

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

Questions about Lockheed Martin and Rocket Lab

Which is bigger by revenue, Lockheed Martin or Rocket Lab?

Lockheed Martin is bigger by revenue: $75B in fiscal 2025, against $601.8M for Rocket Lab in fiscal 2025.

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

Lockheed Martin had a net margin of 6.7% in fiscal 2025; Rocket Lab had -32.9% in fiscal 2025.

Which grew revenue faster, Lockheed Martin or Rocket Lab?

In their latest fiscal years revenue changed by +5.6% at Lockheed Martin and +38.0% at Rocket Lab.

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.

More comparisons

Compare more companies