Lockheed Martin Corporation (LMT) income statement
NYSE · Industrials · Aerospace & Defense · 123,000 employees · CEO James D. Taiclet Jr.
- Price
- $636.95 -1.03%
- Market cap
- $147B
- Enterprise value
- $162B
- Last report
- Q3 '26 filed 2026-10-22
- Next report
- 2027-02-04 EPS est. $8.40
Lockheed Martin Corporation (LMT) reported revenue of $20.7B for Q3 '26 (+11.3% year on year), operating income of $2.44B (11.8% of revenue) and net income of $1.85B. Over the last four quarters revenue was $79.1B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.9B | $17.2B | $18.1B | $17.1B | $18.6B | $18B | $18.2B | $18.6B | $20.3B | $18B | $20.1B | $20.7B | |
| Cost of revenue | $16.5B | $15.2B | $15.9B | $15B | $17.9B | $15.6B | $17.4B | $16.4B | $18B | $15.9B | $17.6B | $18.3B | |
| Gross profit | $2.3B | $1.99B | $2.22B | $2.12B | $690M | $2.32B | $734M | $2.24B | $2.32B | $2.08B | $2.45B | $2.44B | |
| Research & development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $665M | $0 | $0 | $0 | |
| General & administrative | $0 | -$16M | -$15M | $0 | $0 | $0 | $99M | $0 | $0 | $0 | $0 | $0 | |
| Other operating expenses | $2M | -$20M | $84M | -$23M | -$6M | $0 | -$113M | -$40M | -$674M | $15M | -$33M | -$7M | |
| Operating expenses | $2M | -$36M | $69M | -$23M | -$6M | -$49M | -$14M | -$40M | -$9M | $15M | -$33M | -$7M | |
| Operating income | $2.29B | $2.03B | $2.15B | $2.14B | $696M | $2.37B | $748M | $2.28B | $2.33B | $2.06B | $2.48B | $2.44B | |
| Interest expense | $254M | $255M | $261M | $256M | $264M | $268M | $274M | $286M | $290M | $269M | $266M | $264M | |
| Other non-operating income (gains on investments, FX ...) | -$106M | -$61M | -$61M | -$34M | -$87M | $68M | $57M | $56M | $510M | $20M | $0 | $7M | |
| Total non-operating income | -$148M | -$194M | -$200M | -$222M | -$177M | -$336M | -$331M | -$342M | -$800M | -$289M | -$301M | -$271M | |
| Income before tax | $2.15B | $1.84B | $1.95B | $1.92B | $519M | $2.04B | $417M | $1.94B | $1.53B | $1.77B | $2.18B | $2.17B | |
| Income tax | $279M | $290M | $307M | $295M | -$8M | $324M | $75M | $319M | $187M | $286M | $342M | $327M | |
| Net income | $1.87B | $1.55B | $1.64B | $1.62B | $527M | $1.71B | $342M | $1.62B | $1.34B | $1.49B | $1.84B | $1.85B | |
| EPS (basic) | $7.61 | $6.42 | $6.87 | $6.83 | $2.23 | $7.30 | $1.46 | $6.98 | $5.82 | $6.47 | $7.98 | $8.00 | |
| EPS (diluted) | $7.58 | $6.39 | $6.85 | $6.80 | $2.22 | $7.28 | $1.46 | $6.95 | $5.80 | $6.44 | $7.94 | $7.97 | |
| Shares (basic, weighted) | 245M | 241M | 239M | 238M | 236M | 234M | 234M | 232M | 231M | 230M | 230M | 231M | |
| Shares (diluted, weighted) | 246M | 242M | 240M | 239M | 237M | 235M | 234M | 233M | 232M | 231M | 231M | 232M | |
| Depreciation & amortization | $421M | $351M | $359M | $390M | $459M | $397M | $399M | $428M | $463M | $398M | $400M | $425M | |
| EBITDA | $2.82B | $2.44B | $2.57B | $2.56B | $1.24B | $2.7B | $1.09B | $2.65B | $2.28B | $2.44B | $2.88B | $2.86B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $47.3B | $50B | $53.8B | $59.8B | $65.4B | $67B | $66B | $67.6B | $71B | $75.1B | |
| Cost of revenue | $41.9B | $43.6B | $46.4B | $51.4B | $56.7B | $58B | $57.7B | $59.1B | $64.1B | $67.4B | |
| Gross profit | $5.4B | $6.37B | $7.37B | $8.37B | $8.65B | $9.06B | $8.29B | $8.48B | $6.93B | $7.62B | |
| Research & development | $988M | $1.2B | $1.3B | $1.3B | $1.3B | $1.5B | $1.7B | $1.5B | $1.6B | $2B | |
| Other operating expenses | -$1.95B | -$2.32B | -$2.04B | -$2.09B | -$1.53B | -$2.8B | -$2.63B | -$2.03B | -$1.82B | -$2.16B | |
| Operating expenses | -$487M | -$373M | $36M | -$178M | $10M | -$62M | -$61M | -$28M | -$83M | -$112M | |
| Operating income | $5.89B | $6.74B | $7.33B | $8.55B | $8.64B | $9.12B | $8.35B | $8.51B | $7.01B | $7.73B | |
| Interest expense | $663M | $651M | $668M | $653M | $591M | $569M | $623M | $916M | $1.04B | $1.12B | |
| Other non-operating income (gains on investments, FX ...) | $471M | $847M | $828M | $651M | -$182M | $1B | $1.05B | -$507M | -$243M | $691M | |
| Total non-operating income | -$1.13B | -$1.5B | -$1.5B | -$1.3B | -$409M | -$1.57B | -$1.67B | -$409M | -$793M | -$1.81B | |
| Income before tax | $4.89B | $5.27B | $5.84B | $7.24B | $8.24B | $7.55B | $6.68B | $8.1B | $6.22B | $5.92B | |
| Income tax | $1.13B | $3.34B | $792M | $1.01B | $1.35B | $1.24B | $948M | $1.18B | $884M | $905M | |
| Net income | $5.3B | $2B | $5.05B | $6.23B | $6.83B | $6.32B | $5.73B | $6.92B | $5.34B | $5.02B | |
| EPS (basic) | $17.71 | $6.96 | $17.74 | $22.09 | $24.40 | $22.85 | $21.74 | $27.65 | $22.39 | $21.56 | |
| EPS (diluted) | $17.49 | $6.89 | $17.59 | $21.95 | $24.30 | $22.77 | $21.66 | $27.55 | $22.31 | $21.49 | |
| Shares (basic, weighted) | 299M | 288M | 285M | 282M | 280M | 276M | 264M | 250M | 238M | 231M | |
| Shares (diluted, weighted) | 303M | 291M | 287M | 284M | 281M | 277M | 265M | 251M | 239M | 232M | |
| Depreciation & amortization | $1.22B | $1.2B | $1.16B | $1.19B | $1.29B | $1.36B | $1.4B | $1.43B | $1.56B | $1.69B | |
| EBITDA | $6.63B | $7.09B | $7.67B | $9.08B | $10.1B | $9.48B | $8.71B | $10.4B | $8.82B | $8.73B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-27, 10-Q 2026-06-28, 10-Q 2026-03-29, 10-K 2025-12-31, 10-Q 2025-09-28, 10-Q 2025-06-29, 10-Q 2025-03-30, 10-K 2024-12-31, 10-Q 2024-09-29
Data as of 2026-11-01