LMT - LOCKHEED MARTIN CORP

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue Growth YoY (%)	5.6% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+13%)	5.1% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	2.4% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-52%)	-1.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-132%)	2.5% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-50%)	9.3% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+87%)	11.3% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+125%)	5.3% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+6%)	8.0% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+61%)	16.6% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+231%)	-11.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-322%)	0.5% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-89%)	-3.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-177%)	1.5% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-71%)	1.5% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-70%)	4.1% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-18%)	3.0% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-41%)	2.1% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-58%)	—	—
EPS Growth YoY (%)	-3.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-19.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	27.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-4.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-6.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	10.5% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	24.5% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	154.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-60.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	52.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	1.8% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	22.8% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	9.6% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	7.3% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	-1.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	2.2% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	-2.4% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	10.4% Fair Fair Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-6.0% Weak ↓ Weak Declining Year-over-year change in net income	-22.9% Weak ↓ Weak Declining Year-over-year change in net income	20.7% Good ↑ Good Improving Year-over-year change in net income	-9.2% Weak ↓ Weak Declining Year-over-year change in net income	-7.6% Weak ↓ Weak Declining Year-over-year change in net income	9.7% Fair ↓ Fair Declining Year-over-year change in net income	23.5% Good ↓ Good Declining Year-over-year change in net income	152.0% Excellent ↑ Excellent Improving Year-over-year change in net income	-62.2% Weak ↓ Weak Declining Year-over-year change in net income	47.1% Excellent ↑ Excellent Improving Year-over-year change in net income	-0.2% Weak ↓ Weak Declining Year-over-year change in net income	21.2% Good ↑ Good Improving Year-over-year change in net income	8.6% Fair ↑ Fair Improving Year-over-year change in net income	3.4% Caution ↑ Caution Improving Year-over-year change in net income	-9.3% Weak ↓ Weak Declining Year-over-year change in net income	-3.2% Weak ↓ Weak Declining Year-over-year change in net income	-6.0% Weak Weak Year-over-year change in net income	6.1% Fair Fair Year-over-year change in net income	—	—
FCF Growth YoY (%)	25.7% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-7.5% Weak ↓ Weak Declining Year-over-year change in free cash flow	6.9% Fair ↑ Fair Improving Year-over-year change in free cash flow	-11.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	14.2% Fair ↓ Fair Declining Year-over-year change in free cash flow	12.7% Fair ↓ Fair Declining Year-over-year change in free cash flow	135.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-51.0% Weak ↓ Weak Declining Year-over-year change in free cash flow	29.8% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	5.5% Fair ↓ Fair Declining Year-over-year change in free cash flow	34.7% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	-13.9% Weak ↓ Weak Declining Year-over-year change in free cash flow	640.8% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-80.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	29.9% Excellent Excellent Year-over-year change in free cash flow	24.1% Good Good Year-over-year change in free cash flow	—	—	—	—
Revenue CAGR 3Y (%)	4.4% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	1.9% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	1.1% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	3.3% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	7.6% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	8.6% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	8.2% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	9.9% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	3.8% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	1.4% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-4.9% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-0.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-0.3% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	2.4% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	2.9% Caution Caution Compound annual revenue growth over 3 years	3.0% Caution Caution Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	2.8% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	3.5% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	4.7% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	5.3% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	7.2% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	10.0% Good ↑ Good Improving Compound annual revenue growth over 5 years	5.6% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	3.5% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	1.6% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	0.3% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-2.4% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	0.7% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	1.2% Caution Caution Compound annual revenue growth over 5 years	2.4% Caution Caution Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	-0.3% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-0.7% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	4.3% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	-0.5% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	8.8% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	51.9% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	7.6% Fair → Fair Stable Compound annual EPS growth over 3 years	15.1% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-15.2% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	24.0% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	11.1% Good ↑ Good Improving Compound annual EPS growth over 3 years	13.0% Good ↑ Good Improving Compound annual EPS growth over 3 years	5.0% Caution ↑ Caution Improving Compound annual EPS growth over 3 years	2.6% Caution ↑ Caution Improving Compound annual EPS growth over 3 years	-0.6% Weak Weak Compound annual EPS growth over 3 years	3.3% Caution Caution Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Operating Margin (%) (%)	10.3% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-14%)	9.9% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-18%)	12.6% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	12.7% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+5%)	13.6% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+13%)	13.2% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+10%)	14.3% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+19%)	13.6% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+14%)	11.6% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	11.7% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	11.6% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	12.3% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	9.9% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-17%)	9.4% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-22%)	8.6% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-28%)	8.9% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-25%)	10.0% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-16%)	12.0% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	10.8% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-10%)	—
Effective Tax Rate (%) (%)	15.3% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	14.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	14.5% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	14.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	16.4% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	16.4% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	14.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	13.6% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	63.4% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.2% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	27.3% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	31.3% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	29.0% Caution → Caution Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	32.6% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	26.5% Caution Caution Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—
Profit Margin (%) (%)	6.7% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-16%)	7.5% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-6%)	10.2% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+28%)	8.7% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+9%)	9.4% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+18%)	10.4% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+31%)	10.4% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+30%)	9.4% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+17%)	3.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	11.2% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+40%)	8.9% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+11%)	7.9% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	6.6% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-18%)	5.8% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-27%)	5.7% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-29%)	6.4% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-20%)	6.9% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-14%)	7.5% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-6%)	7.2% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-9%)	—
FCF Margin (%) (%)	11.4% Fair → Fair Stable Free cash flow as a percentage of revenue Optimal: > 10%	9.8% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	11.7% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	11.8% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	13.8% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	12.5% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	12.2% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	5.8% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	12.7% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	11.0% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	12.6% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	8.5% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	10.0% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	1.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	7.0% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	6.0% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	5.3% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	8.2% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	7.9% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.71x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.31x Good → Good Stable Free cash flow relative to reported net income Optimal: > 1x	1.14x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.36x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.46x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.20x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.17x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	0.62x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	3.23x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.98x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.41x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.07x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	1.52x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.23x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.23x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.93x Caution → Caution Stable Free cash flow relative to reported net income Optimal: > 1x	0.77x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.09x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	1.09x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Return on Invested Capital (%)	23.0% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	22.6% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	29.9% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	28.9% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	33.7% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	39.8% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	46.6% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	40.9% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	16.0% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	27.0% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	18.7% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	40.3% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	28.9% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	47.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	39.6% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	37.1% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	38.0% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	63.1% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	36.5% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	12.9% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	12.6% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	16.2% Excellent → Excellent Stable Operating profit relative to total assets Optimal: > 10%	15.8% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	17.9% Excellent → Excellent Stable Operating profit relative to total assets Optimal: > 10%	17.0% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	18.0% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	16.3% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	12.7% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	11.6% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	9.6% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	15.1% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	12.4% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	11.5% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	10.6% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	11.7% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	12.6% Good Good Operating profit relative to total assets Optimal: > 10%	15.3% Excellent Excellent Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	74.6% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+398%)	84.3% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+462%)	101.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+575%)	61.9% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+312%)	57.6% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+284%)	113.6% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+657%)	199.2% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+1228%)	—	-293.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-2054%)	—	116.4% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+676%)	106.3% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+609%)	60.6% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+304%)	—	265.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+1668%)	78.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+426%)	73.2% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+388%)	112.3% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+649%)	30.9% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+106%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Debt to Equity (x)	3.23x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+361%)	3.20x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+357%)	2.55x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+265%)	1.68x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+140%)	1.07x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+52%)	2.02x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+189%)	4.05x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+478%)	10.12x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+1345%)	-20.88x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-3083%)	9.45x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+1250%)	4.93x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+604%)	1.81x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+158%)	1.25x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+79%)	161.74x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+23006%)	6.45x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+822%)	1.35x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+93%)	1.22x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+75%)	1.24x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+78%)	—	—
Interest Coverage (x)	7.73x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	7.38x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	10.22x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	13.40x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	16.03x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	14.63x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	13.09x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	10.98x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	9.10x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	8.37x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	10.64x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	16.45x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	12.87x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	11.58x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	11.36x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	11.88x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	14.33x Excellent → Excellent Stable Operating income divided by interest expense Optimal: > 5x	15.05x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	12.86x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$17.58B	$17.79B	$16.02B	$13.00B	$8.07B	$9.01B	$11.14B	$13.33B	$11.40B	$12.45B	$14.17B	$4.70B	$3.54B	$4.41B	$2.88B	$2.76B	$2.66B	$1.40B	$-2.65B	$-1.91B
Debt / EBITDA (x)	2.49x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.54x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.85x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.68x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.16x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.28x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.35x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.74x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.13x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.27x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.81x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.97x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.18x Good → Good Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.23x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.37x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.04x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.98x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.61x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue per Share (USD)	$322.51	$298.12	$269.96	$250.22	$242.56	$233.56	$212.10	$188.97	$177.37	$157.86	$130.63	$143.94	$141.35	$145.76	$138.43	$125.76	$114.33	—	—	—
Basic EPS, GAAP (USD)	$21.56	$22.39	$27.65	$21.74	$22.85	$24.40	$22.09	$17.74	$6.96	$17.71	$11.62	$11.41	$9.29	$8.48	$7.90	$8.03	$7.86	$8.05	$7.29	—
Free Cash Flow per Share (USD)	$36.77	$29.26	$31.64	$29.59	$33.36	$29.23	$25.93	$11.03	$22.50	$17.34	$16.44	$12.20	$14.17	$1.91	$9.72	$7.49	$6.03	—	—	—
Dividend per Share (USD)	$13.35	$12.75	$12.15	$11.40	$10.60	$9.80	$9.00	$8.20	$7.46	$6.77	$6.15	$5.49	$4.78	$4.15	$3.25	$2.64	$2.34	$1.83	$1.47	—
Book Value per Share (USD)	$29.35	$27.06	$28.48	$36.48	$40.44	$21.56	$11.17	$4.90	$-2.40	$5.23	$10.22	$10.83	$15.42	$0.12	$2.98	$10.72	$10.73	—	—	—
Tangible Book Value per Share (USD)	$-28.30	$-28.84	$-25.73	$-15.64	$-9.45	$-27.97	$-38.18	$-45.23	$-53.83	$-46.18	$-38.35	$-24.80	$-17.02	$-32.18	$-27.23	$-17.04	$-15.12	—	—	—
Basic Weighted Avg Shares (shares)	232.70M	238.30M	250.30M	263.70M	276.40M	280.00M	282.00M	284.50M	287.80M	299.30M	310.30M	316.80M	320.90M	323.70M	335.90M	364.20M	384.80M	—	—	—
Dividend Payout Ratio (%)	61.9% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	56.9% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	43.9% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	52.4% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	46.4% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	40.2% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	40.7% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	46.2% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	107.2% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	38.2% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	52.9% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	48.1% Good → Good Stable Dividends paid as a percentage of earnings Optimal: 30-60%	51.5% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	48.9% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	41.1% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	32.9% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	29.8% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	22.7% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	20.2% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Working Capital (USD)	$2.03B	$2.43B	$3.58B	$5.10B	$5.82B	$5.45B	$3.12B	$1.71B	$4.82B	$2.57B	$655.00M	$1.21B	$2.21B	$1.70B	$1.96B	$1.69B	$1.77B	$141.00M	—	—
LT Debt (USD)	$21.70B	$20.27B	$17.46B	$15.55B	$11.68B	$12.17B	$12.65B	$14.10B	$14.26B	$14.28B	$15.26B	$6.14B	$6.15B	$6.31B	$6.46B	$5.02B	$5.05B	$3.56B	—	—
Total Equity (USD)	$6.72B	$6.33B	$6.83B	$9.27B	$10.96B	$6.01B	$3.13B	$1.39B	$-683.00M	$1.51B	$3.10B	$3.40B	$4.92B	$39.00M	$1.00B	$3.71B	$4.13B	$2.87B	$9.80B	$6.88B

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Sales/Revenue/Turnover (USD)	$75.05B	$71.04B	$67.57B	$65.98B	$67.04B	$65.40B	$59.81B	$53.76B	$51.05B	$47.25B	$40.54B	$45.60B	$45.36B	$47.18B	$46.50B	$45.80B	$43.99B	$42.73B	$41.86B	—
Depreciation Expense (USD)	$1.00B	$967.00M	$920.00M	$903.00M	$904.00M	$853.00M	$794.00M	$759.00M	$760.00M	$747.00M	$716.00M	$739.00M	$714.00M	$715.00M	$712.00M	$749.00M	$750.00M	$727.00M	$666.00M	—
Net Income, GAAP (USD)	$5.02B	$5.34B	$6.92B	$5.73B	$6.32B	$6.83B	$6.23B	$5.05B	$2.00B	$5.30B	$3.60B	$3.61B	$2.98B	$2.75B	$2.65B	$2.93B	$3.02B	$3.22B	$3.03B	—
Operating Cash Flow (USD)	$8.56B	$6.97B	$7.92B	$7.80B	$9.22B	$8.18B	$7.31B	$3.14B	$6.48B	$5.19B	$5.10B	$3.87B	$4.55B	$1.56B	$4.25B	$3.55B	$3.17B	$4.42B	$4.24B	—

LOCKHEED MARTIN CORP

Analytical Summary

20-Year Financial Trajectory

Bullish Indicators

Bearish Risks

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