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Companies / Industrials / Lockheed Martin
LMT

Lockheed Martin

IndustrialsTransportation EquipmentS&P 500
Ticker LMTBETHESDA, MDFiscal year ends DecemberBook value per share $43.53Diluted shares 231.2M

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense technology company that develops, manufactures, integrates and sustains systems for defense, space, intelligence, homeland security, information technology and cybersecurity customers. Its principal customers are U.S. Government agencies and… From the company’s description.

In fiscal 2025, Lockheed Martin reported revenue of $75.05B, up 5.6% from fiscal 2024, and net income of $5.02B. Its operating margin was 10.3%, and operations generated $8.56B in cash. Over the twelve months to Sep 27, 2026, revenue was $79.12B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-27
Sales & profitability
$75.05BFY2025
+5.6% year over year
Last 12 mo $79.12B
10.30%FY2025
+0.4 percentage points
Last 12 mo 11.78%
$5.02BFY2025
−6.0% year over year
Last 12 mo $6.51B
74.65%FY2025
−9.6 percentage points
Last 12 mo 64.72%
Cash & financing
$8.56BFY2025
+22.7% year over year
Last 12 mo $10.11B
$6.91BFY2025
+30.7% year over year
Last 12 mo $8.38B
3.23FY2025
Was 3.20× a year earlier
Last 12 mo 2.04
233.5MFY2025
−2.4% year over year
Last 12 mo 231.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Lockheed Martin does

In the company’s own words

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense technology company that develops, manufactures, integrates and sustains systems for defense, space, intelligence, homeland security, information technology and cybersecurity customers. Its principal customers are U.S. Government agencies and allied governments, with additional civil and commercial applications. The company operates through four business segments: Aeronautics, which produces and supports military aircraft; Missiles and Fire Control, which supplies air and missile defense, tactical missiles, precision weapons and fire-control systems; Rotary and Mission Systems, which provides helicopters, naval and land-based systems, sensors, command-and-control, cyber, training and logistics solutions; and Space, which develops satellites, space transportation and strategic, strike and defensive systems. Major programs and brands include the F-35 Lightning II, C-130 Hercules, PAC-3, THAAD, HIMARS, Black Hawk, Aegis, Trident II D5 and Orion. Formed in 1995 through the combination of Lockheed Corporation and Martin Marietta Corporation, the company had approximately 123,000 employees as of December 31, 2025. Its website is www.lockheedmartin.com.

Company details
Sector
Industrials
Industry (SIC)
Transportation Equipment
Headquarters
BETHESDA, MD
Fiscal year end
December
CIK
936468
SIC
3760

Financial performance, year by year

Fiscal 2013–2025 · USD
$-7.91B$15.82B$39.56B$63.29B$87.03B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Lockheed Martin — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

933
funds hold it
1 of 35
superinvestors hold it
$32.32B
held by funds, at market
27.1%
of shares held by funds
29
bond issues held by funds

Superinvestors in Lockheed Martin · what they did last quarter

Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
0.3%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Lockheed Martin’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.16%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.16%of fund net assets
Schwab U.S. Dividend Equity ETF
SCHD · SCHWAB STRATEGIC TRUST
2.70%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.16%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.17%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Lockheed Martin’s bonds, as funds hold them

Funds report holding 29 issues of Lockheed Martin’s debt, $2.35B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.63%, maturing 2027 to 2064.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Lockheed Martin and its peers compare on margins and cash generation over ten years?”
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