Industrials · Aerospace & Defense
Lockheed Martin: revenue, profit and dividends
In fiscal 2025, Lockheed Martin had revenue of $75B, up 6.4% a year on average since 2015, and net income of $5.02B (6.7% of revenue). Its dividend per share has gone up 18 years in a row, to $13.35. It has 26% fewer shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +5.6% vs 2024
- Ticker
- LMT · NYSE
- Sector
- Industrials
- Sub-industry
- Aerospace & Defense
- Headquarters
- Bethesda, Maryland
- Founded
- 1995
- In the S&P 500 since
- March 4, 1957, the index’s first day
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Lockheed Martin Corp · CIK 0000936468
Revenue and net income
Revenue went from $41.9B in 2007 to $75B in 2025.
Diluted earnings per share
Diluted EPS went from $7.10 in 2007 to $21.49 in 2025. Ten-year growth: 6.5% a year.
Dividends per share
Raised every year in the data: 18 years in a row, from 2008 to 2025. Ten-year growth: 8.1% a year.
Shares outstanding
25.8% fewer shares in 2025 than in 2015 (315M → 234M): buybacks outweighed new shares.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $6.91B in 2025, 9.2% of revenue.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $75B | $5.02B | 6.7% | $21.49 | $13.35 | 234M | $8.56B | $1.65B | $6.91B |
| 2024 | $71B | $5.34B | 7.5% | $22.31 | $12.75 | 239M | $6.97B | $1.69B | $5.29B |
| 2023 | $67.6B | $6.92B | 10.2% | $27.55 | $12.15 | 251M | $7.92B | $1.69B | $6.23B |
| 2022 | $66B | $5.73B | 8.7% | $21.66 | $11.40 | 265M | $7.8B | $1.67B | $6.13B |
| 2021 | $67B | $6.32B | 9.4% | $22.76 | $10.60 | 277M | $9.22B | $1.52B | $7.7B |
| 2020 | $65.4B | $6.83B | 10.4% | $24.30 | $9.80 | 281M | $8.18B | $1.77B | $6.42B |
| 2019 | $59.8B | $6.23B | 10.4% | $21.95 | $9.00 | 284M | $7.31B | $1.48B | $5.83B |
| 2018 | $53.8B | $5.05B | 9.4% | $17.59 | $8.20 | 287M | $3.14B | $1.28B | $1.86B |
| 2017 | $50B | $1.96B | 3.9% | $6.75 | $7.46 | 291M | $6.48B | $1.18B | $5.3B |
| 2016 | $47.3B | $5.17B | 10.9% | $17.07 | $6.77 | 303M | $5.19B | $1.06B | $4.13B |
| 2015 | $40.5B | $3.6B | 8.9% | $11.46 | $6.15 | 315M | $5.1B | $939M | $4.16B |
| 2014 | $39.9B | $3.61B | 9.0% | $11.21 | $5.49 | 322M | $3.87B | $845M | $3.02B |
| 2013 | $45.4B | $2.98B | 6.6% | $9.13 | $4.78 | 326M | $4.55B | $836M | $3.71B |
| 2012 | $47.2B | $2.75B | 5.8% | $8.36 | $4.15 | 328M | $1.56B | $942M | $619M |
| 2011 | $46.5B | $2.65B | 5.7% | $7.81 | $3.25 | 340M | $4.25B | $987M | $3.27B |
| 2010 | $45.7B | $2.88B | 6.3% | $7.81 | $2.64 | 368M | $3.8B | $1.07B | $2.73B |
| 2009 | $43.9B | $2.97B | 6.8% | $7.64 | $2.34 | 389M | $3.49B | $1.17B | $2.32B |
| 2008 | $41.4B | $3.22B | 7.8% | $7.86 | $1.83 | 409M | $4.42B | $926M | $3.5B |
| 2007 | $41.9B | $3.03B | 7.2% | $7.10 | $1.47 | — | $4.24B | $940M | $3.3B |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
About these figures
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Aerospace & Defense companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.