Lockheed Martin Corp.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $75.05B | $71.04B | $67.57B | $65.98B | $67.04B | $65.40B | $59.81B | $53.76B |
| Aeronautics | — | — | $27.53B | $26.96B | $26.73B | $26.27B | $23.75B | $21.24B |
| Missiles_and_Fire_Control | — | — | $11.32B | $11.31B | $11.69B | $11.27B | $10.13B | $8.47B |
| Rotary_and_Mission_Systems | — | — | $16.23B | $16.15B | $16.78B | $16.03B | $15.13B | $14.28B |
| Space | — | — | $12.49B | $11.56B | $11.86B | $11.84B | $10.80B | $9.78B |
| Info_Systems_and_Global_Solutions | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of Revenue | $67.43B | $64.11B | $59.09B | $57.70B | $57.98B | $56.74B | $51.45B | $46.49B |
| Gross Profit | $7.62B | $6.93B | $8.48B | $8.29B | $9.06B | $8.65B | $8.37B | $7.27B |
| Gross Margin | 10.2% | 9.8% | 12.5% | 12.6% | 13.5% | 13.2% | 14.0% | 13.5% |
| Operating Expenses | ||||||||
| Research & Development | $2.00B | $1.60B | $1.50B | $1.70B | $1.50B | $1.30B | $1.30B | $1.30B |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $7.73B | $7.01B | $8.51B | $8.35B | $9.12B | $8.64B | $8.55B | $7.33B |
| Operating Margin | 10.3% | 9.9% | 12.6% | 12.7% | 13.6% | 13.2% | 14.3% | 13.6% |
| Interest Expense | — | — | $916.0M | $623.0M | $569.0M | $591.0M | $653.0M | $668.0M |
| Pretax Income | $5.92B | $6.22B | $8.10B | $6.68B | $7.55B | $8.24B | $7.24B | $5.84B |
| Income Tax Expense | $905.0M | $884.0M | $1.18B | $948.0M | $1.24B | $1.35B | $1.01B | $792.0M |
| Net Income | $5.02B | $5.34B | $6.92B | $5.73B | $6.32B | $6.83B | $6.23B | $5.05B |
| Net Margin | 6.7% | 7.5% | 10.2% | 8.7% | 9.4% | 10.4% | 10.4% | 9.4% |
| EPS (Basic) | $21.56 | $22.39 | $27.65 | $21.74 | $22.85 | $24.40 | $22.09 | $17.74 |
| EPS (Diluted) | $21.49 | $22.31 | $27.55 | $21.66 | $22.76 | $24.30 | $21.95 | $17.59 |
| Shares Outstanding (Basic) | 232.7M | 238.3M | 250.3M | 263.7M | 276.4M | 280.0M | 282.0M | 284.5M |
| Shares Outstanding (Diluted) | 233.5M | 239.2M | 251.2M | 264.6M | 277.4M | 281.2M | 283.8M | 286.8M |
| Dividends Per Share | $13.35 | $12.75 | $12.15 | $11.40 | $10.60 | $9.80 | $9.00 | $8.20 |