Lockheed Martin Corp (LMT) stock
LMTNYSEGuided Missiles & Space Vehicles & PartsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 27, 2026Last filing: 10-Q on Oct 22, 2026Score 16/3010% above fair value
$604.09−5.96 (-0.98%)
Close on Nov 12, 2026Market cap $139.55BP/E 21.5Yield 2.21%
Lockheed Martin operating margin
Operating margin is operating income as a percentage of revenue.
Lockheed Martin's operating margin for the twelve months ending Sep 27, 2026 was 11.8%. For fiscal 2025 it was 10.3%, against 9.9% the year before. The highest annual figure on record is 14.3% in fiscal 2019.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 10.3% | +0.4 |
| FY2024 | Dec 31, 2024 | 9.9% | −2.7 |
| FY2023 | Dec 31, 2023 | 12.6% | −0.1 |
| FY2022 | Dec 31, 2022 | 12.7% | −1.0 |
| FY2021 | Dec 31, 2021 | 13.6% | +0.4 |
| FY2020 | Dec 31, 2020 | 13.2% | −1.1 |
| FY2019 | Dec 31, 2019 | 14.3% | +0.6 |
| FY2018 | Dec 31, 2018 | 13.6% | +0.1 |
| FY2017 | Dec 31, 2017 | 13.5% | +1.0 |
| FY2016 | Dec 31, 2016 | 12.5% | +0.8 |
| FY2015 | Dec 31, 2015 | 11.6% | −0.9 |
| FY2014 | Dec 31, 2014 | 12.5% | +2.6 |
| FY2013 | Dec 31, 2013 | 9.9% | +0.5 |
| FY2012 | Dec 31, 2012 | 9.4% | +0.8 |
| FY2011 | Dec 31, 2011 | 8.6% | −0.3 |
| FY2010 | Dec 31, 2010 | 9.0% | −1.0 |
| FY2009 | Dec 31, 2009 | 10.0% | −2.2 |
| FY2008 | Dec 31, 2008 | 12.2% | +1.4 |
| FY2007 | Dec 31, 2007 | 10.8% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 27, 2026 | 11.8% | −0.5 |
| Q2 FY2026 | Jun 28, 2026 | 12.4% | +8.2 |
| Q1 FY2026 | Mar 29, 2026 | 11.4% | −1.8 |
| Q4 FY2025 | Dec 31, 2025 | 11.5% | +7.7 |
| Q3 FY2025 | Sep 28, 2025 | 12.3% | −0.3 |
| Q2 FY2025 | Jun 29, 2025 | 4.1% | −7.7 |
| Q1 FY2025 | Mar 30, 2025 | 13.2% | +1.4 |
| Q4 FY2024 | Dec 31, 2024 | 3.7% | −8.4 |
| Q3 FY2024 | Sep 29, 2024 | 12.5% | +0.4 |
| Q2 FY2024 | Jun 30, 2024 | 11.9% | −0.9 |
| Q1 FY2024 | Mar 31, 2024 | 11.8% | −1.7 |
| Q4 FY2023 | Dec 31, 2023 | 12.1% | +0.1 |
| Q3 FY2023 | Sep 24, 2023 | 12.1% | −0.9 |
| Q2 FY2023 | Jun 25, 2023 | 12.8% | +0.1 |
| Q1 FY2023 | Mar 26, 2023 | 13.5% | +0.5 |
| Q4 FY2022 | Dec 31, 2022 | 12.1% | −1.8 |
| Q3 FY2022 | Sep 25, 2022 | 13.0% | −1.3 |
| Q2 FY2022 | Jun 26, 2022 | 12.7% | −0.2 |
| Q1 FY2022 | Mar 27, 2022 | 12.9% | −0.5 |
| Q4 FY2021 | Dec 31, 2021 | 13.8% | +0.4 |
| Q3 FY2021 | Sep 26, 2021 | 14.3% | +1.3 |
| Q2 FY2021 | Jun 27, 2021 | 12.9% | +0.0 |
| Q1 FY2021 | Mar 28, 2021 | 13.4% | −0.1 |
| Q4 FY2020 | Dec 31, 2020 | 13.4% | −0.1 |
| Q3 FY2020 | Sep 27, 2020 | 13.0% | −0.9 |
| Q2 FY2020 | Jun 28, 2020 | 12.9% | −1.1 |
| Q1 FY2020 | Mar 29, 2020 | 13.6% | −2.4 |
| Q4 FY2019 | Dec 31, 2019 | 13.5% | +0.7 |
| Q3 FY2019 | Sep 29, 2019 | 13.9% | +0.2 |
| Q2 FY2019 | Jun 30, 2019 | 13.9% | +0.5 |
| Q1 FY2019 | Mar 31, 2019 | 15.9% | +1.1 |
| Q4 FY2018 | Dec 31, 2018 | 12.8% | −1.2 |
| Q3 FY2018 | Sep 30, 2018 | 13.7% | +0.1 |
| Q2 FY2018 | Jun 24, 2018 | 13.4% | −0.3 |
| Q1 FY2018 | Mar 25, 2018 | 14.8% | +2.3 |
| Q4 FY2017 | Dec 31, 2017 | 14.1% | +3.7 |
| Q3 FY2017 | Sep 24, 2017 | 13.6% | – |
| Q2 FY2017 | Jun 25, 2017 | 13.7% | – |
| Q1 FY2017 | Mar 26, 2017 | 12.5% | – |
| Q4 FY2016 | Dec 31, 2016 | 10.4% | – |
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