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Lockheed Martin
LMTIndustrialsGenerated Jul 5, 2026, 05:10 PM UTC
LMT (Lockheed Martin) analytical snapshot. Revenue grew +2.4% YoY to $67.57B. Net margin at 10.24% (contracting ▼). Return on equity 74.68%, ROA 12.44%, ROIC 28.80%. Market cap $125.87B at $545.91 per share. Trailing P/E 19.82, P/S 1.86, P/B 16.81. EV/Operating income ≈ 17.12 (EV $145.67B). Risk: Elevated. Macro: Risk-on · Supportive. Composite analytical score 0 (data confidence 75%). Descriptive analytics from public filings — not investment advice.
Market cap
$125.87B
230.56M shares
Price
$545.91
NYQ
P/E (ttm)
19.82
Revenue (FY)
$67.57B
YoY +2.4%
Net margin
10.24%
▼ 0.21pp
Free cash flow
—
Risk level
Elevated
Free SEC analysis
— computed from SEC filings, free to readFree previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score 0Stable
60% conf
Revenue grew +2.4% YoY to $67.57B. Net margin at 10.24% (contracting ▼). Return on equity 74.68%, ROA 12.44%, ROIC 28.80%.
- Revenue grew +2.4% YoY to $67.57B.
- Net margin at 10.24% (contracting ▼).
- Return on equity 74.68%, ROA 12.44%, ROIC 28.80%.
- Gross margin 12.55%, operating margin 12.59%.
- Net income up ▲ +20.7% YoY.
- Debt/equity 2.90, current ratio 1.14, net debt $19.81B.
- Asset turnover 1.14 — capital efficiency.
Revenue (FY)
$67.57B
YoY +2.4%
Net margin
10.24%
▼ 0.21pp
ROE
74.68%
ROA 12.44%
ROIC
28.80%
EPS (diluted)
$27.55
FY2025
Free cash flow
—
Debt / equity
2.90
Cash $1.89B
Current ratio
1.14
Equity $7.49B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2016 | — | — | — | — | — | — | 116.69 |
| 2017 | — | — | — | — | — | — | 238.58 |
| 2018 | $47.29B | — | 11.42 | 12.45 | 10.94 | — | -608.59 |
| 2019 | $49.96B | +5.6% | 12.75 | 13.50 | 3.93 | — | 140.82 |
| 2020 | $53.76B | +7.6% | 13.53 | 13.64 | 9.39 | — | 161.37 |
| 2021 | $59.81B | +11.3% | 13.99 | 14.29 | 10.42 | — | 103.57 |
| 2022 | $65.40B | +9.3% | 13.23 | 13.22 | 10.45 | — | 62.35 |
| 2023 | $67.04B | +2.5% | 13.52 | 13.61 | 9.42 | — | 68.15 |
| 2024 | $65.98B | -1.6% | 12.56 | 12.65 | 8.69 | — | 52.30 |
| 2025 | $67.57B | +2.4% | 12.55 | 12.59 | 10.24 | — | 74.68 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Mar 30, 2025 | $17.96B | — | — | 9.53% |
| Jun 29, 2025 | $36.12B | — | +101.1% | 5.69% |
| Jun 29, 2025 | $18.16B | — | -49.7% | 11.31% |
| Sep 28, 2025 | $54.73B | — | +201.4% | 6.71% |
| Sep 28, 2025 | $18.61B | — | -66.0% | 19.74% |
| Mar 29, 2026 | $18.02B | — | -3.2% | 8.26% |
Revenue (annual, SEC 10-K)
2016: 0
2017: 0
2018: 47,290
2019: 49,960
2020: 53,762
2021: 59,812
2022: 65,398
2023: 67,044
2024: 65,984
2025: 67,571
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Profitability trends (%)
GrossOperatingNet
Sources:SEC EDGAR — Company Facts (XBRL)
Free previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 15Improving
80% conf
Latest annual report (10-K) filed Jan 29, 2026. Latest quarterly report (10-Q) filed Apr 23, 2026. 12 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Jan 29, 2026.
- Latest quarterly report (10-Q) filed Apr 23, 2026.
- 12 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- 1 recent 13D activist/beneficial-ownership filings — potential catalyst.
- 19 recent 13G passive institutional ownership notices.
Latest 10-K
Jan 29, 2026
Annual report
Latest 10-Q
Apr 23, 2026
8-K (recent)
12
Insider net
—
0B/0S
13F filers
—
Activist 13D
1
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| May 13, 2026 | 8-K | 8-K |
| Apr 23, 2026 | 8-K | 8-K |
| Jan 29, 2026 | 8-K | 8-K |
| Dec 18, 2025 | 8-K | 8-K |
| Dec 9, 2025 | 8-K | 8-K |
| Oct 21, 2025 | 8-K | 8-K |
| Aug 29, 2025 | 8-K | 8-K |
| Jul 28, 2025 | 8-K | 8-K |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -30Deteriorating
68% conf
2 risk signal(s) detected from XBRL filing diff analysis. 2 risk signal(s) detected versus 0 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- Material weakness in internal controls: The term "material weakness" appears in 23 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- Restatement of financial statements: The term "restate" "financial statements" appears in 65 recent filing(s) (vs 8 in the prior period). This risk language is ongoing.
- Endogenous analysis: 2 risk signal(s) detected versus 0 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- 3 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- Ongoing high-severity risk language: Material weakness in internal controls, Restatement of financial statements.
Revenue
$67.57B
+2.4% YoY
Gross profit
$8.48B
+2.3% YoY
Operating income
$8.51B
+1.9% YoY
Net income
$6.92B
+20.7% YoY
Operating cash flow
$7.92B
+1.5% YoY
Capex
$1.07B
+26.1% YoY
Total assets
$55.62B
+6.0% YoY
Total liabilities
$49.28B
+8.0% YoY
Filing quality score
76/100
3 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $65.98B | $67.57B | $1.59B | +2.4% |
| Gross profit | $8.29B | $8.48B | $192.0M | +2.3% |
| Operating income | $8.35B | $8.51B | $159.0M | +1.9% |
| Net income | $5.73B | $6.92B | $1.19B | +20.7% |
| Operating cash flow | $7.80B | $7.92B | $118.0M | +1.5% |
| Capex | $852.0M | $1.07B | $222.0M | +26.1% |
| Total assets | $52.46B | $55.62B | $3.16B | +6.0% |
| Total liabilities | $45.62B | $49.28B | $3.66B | +8.0% |
| Long-term debt | $17.46B | $20.27B | $2.81B | +16.1% |
| Cash & equivalents | $1.44B | $2.48B | $1.04B | +72.2% |
| Stockholders equity | $9.27B | $9.27B | $0 | 0.0% |
| Inventory | $3.13B | $3.47B | $342.0M | +10.9% |
| R&D expense | $1.70B | $1.50B | $-200.0M | -11.8% |
| Interest expense | $591.0M | $569.0M | $-22.0M | -3.7% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | DefinedBenefitPlanNetPeriodicBenefitCost, OtherOperatingActivitiesCashFlowStatement, RepaymentsOfLongTermDebt |
| Removed | AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment, AllocatedShareBasedCompensationExpenseNetOfTax, AmortizationOfIntangibleAssets, CapitalizedComputerSoftwareAccumulatedAmortization, CapitalizedComputerSoftwareAmortization1, CapitalizedComputerSoftwareNet, CommercialPaperAtCarryingValue, CommonStockSharesAuthorized, CommonStockSharesIssued, CommonStockSharesOutstanding |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Material weakness in internal controls | high | 23 | 2 | Ongoing |
| Restatement of financial statements | high | 65 | 8 | Ongoing |
| Impairment charge | medium | 51 | 2 | Ongoing |
| Restructuring | medium | 87 | 7 | Ongoing |
| Off-balance sheet arrangements | medium | 62 | 5 | Ongoing |
Filing signal breakdown
Red flags: 2
Positive: 0
Watch: 0
Red flags
Positive
Watch
Unlock the rest
- ProValuationMarket cap $125.87B at $545.91 per share.
- ProPrice & TechnicalsPrice $545.91 — uptrend (above 200-DMA); 1-month momentum positive.
- ProMacro & RatesMarket regime: Risk-on · Supportive.
- ProRisk ScorecardComposite risk: Elevated.
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Macro exposure
Cyclical / growth · High sensitivityMacro regime: Risk-on · Supportive. Lockheed Martin is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
16.59
Fed funds
3.63%
CPI YoY
+4.2%
Analytical read
deterministic previewPrice $545.91 — uptrend (above 200-DMA); 1-month momentum positive..
Risk
Elevated
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow LMT stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Marathon Petroleum MPC | 25 | Supportive |
| Nike Inc. NKE | 24 | Supportive |
| Airbnb Inc. ABNB | 22 | Supportive |
| Datadog Inc. DDOG | 16 | Supportive |
| Okta Inc. OKTA | 15 | Supportive |
| Valero Energy VLO | 13 | Supportive |
| Deere & Co. DE | 12 | Supportive |
| ASML Holding NV ASML | 10 | Supportive |
| Marriott International MAR | 10 | Supportive |
| GE Aerospace GE | 10 | Supportive |
| United Parcel Service UPS | 9 | Supportive |
| Snowflake Inc. SNOW | 8 | Supportive |
| Cloudflare Inc. NET | 8 | Supportive |
| NVIDIA Corp. NVDA | 7 | Supportive |
| Alphabet Inc. GOOGL | 7 | Supportive |
| General Motors Co. GM | 7 | Supportive |
| Booking Holdings BKNG | 6 | Supportive |
| Nucor Corp. NUE | 5 | Supportive |
| Shopify Inc. SHOP | 5 | Supportive |
| Ulta Beauty Inc. ULTA | 5 | Supportive |
| Pinterest Inc. PINS | 5 | Supportive |
| Amazon.com Inc. AMZN | 4 | Supportive |
| Microchip Technology MCHP | 3 | Supportive |
| Warner Bros Discovery WBD | 3 | Supportive |
| Adobe Inc. ADBE | 3 | Supportive |
| Intuit Inc. INTU | 2 | Supportive |
| General Dynamics GD | 1 | Supportive |
| Roku Inc. ROKU | 1 | Supportive |
| Lockheed Martin LMT● you | 0 | Supportive |
| Boeing Co. BA | 0 | Supportive |
| Hess Corp. HES | 0 | Supportive |
| MercadoLibre Inc. MELI | -1 | Supportive |
| EOG Resources EOG | -2 | Supportive |
| Applied Materials Inc. AMAT | -2 | Supportive |
| IBM Corp. IBM | -3 | Supportive |
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| United Airlines Holdings UAL | -5 | Supportive |
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| Cisco Systems Inc. CSCO | -16 | Supportive |
| CSX Corp. CSX | -16 | Supportive |
| Microsoft Corp. MSFT | -16 | Supportive |
| Tesla Inc. TSLA | -17 | Supportive |
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| Dow Inc. DOW | -17 | Supportive |
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| Oracle Corp. ORCL | -18 | Supportive |
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| Mosaic Co. MOS | -18 | Supportive |
| RTX Corp. RTX | -19 | Supportive |
| Advanced Micro Devices AMD | -19 | Supportive |
| Freeport-McMoRan FCX | -20 | Supportive |
| Dollar General Corp. DG | -20 | Supportive |
| Eaton Corp. ETN | -22 | Supportive |
| Chevron Corp. CVX | -22 | Supportive |
| T-Mobile US Inc. TMUS | -22 | Supportive |
| 3M Co. MMM | -23 | Supportive |
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| Intel Corp. INTC | -31 | Supportive |
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| Autodesk Inc. ADSK | -34 | Supportive |
| Broadcom Inc. AVGO | -35 | Supportive |