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Lockheed Martin stock: growth
LMTLockheed Martin reported $75.06B in revenue for fiscal 2025, up 5.7% on the prior year, up 2.8% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
3.4%
per year from 2006 to 2025, per share 6.8%
Earnings (Annual rate)
3.7%
per year from 2006 to 2025, per share 7%
Free cash flow (Annual rate)
4.7%
per year from 2006 to 2025, per share 8.2%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 2.8% | 6.4% | 3.4% |
| Revenue per share | 6.8% | 9.5% | 6.8% |
| Earnings | −6.0% | 3.4% | 3.7% |
| Earnings per share | −2.4% | 6.4% | 7.0% |
| Free cash flow | 1.5% | 5.2% | 4.7% |
| Free cash flow per share | 5.5% | 8.4% | 8.2% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $39.62B | $2.53B | $2.89B |
| 2007 | $41.86B | $3.03B | $3.3B |
| 2008 | $42.73B | $3.22B | $3.5B |
| 2009 | $45.19B | $3.02B | $2.32B |
| 2010 | $45.8B | $2.93B | $2.73B |
| 2011 | $46.5B | $2.66B | $3.27B |
| 2012 | $47.18B | $2.75B | $619M |
| 2013 | $45.36B | $2.98B | $3.71B |
| 2014 | $39.95B | $3.61B | $3.02B |
| 2015 | $40.54B | $3.61B | $4.16B |
| 2016 | $47.29B | $5.3B | $4.13B |
| 2017 | $49.96B | $2B | $5.3B |
| 2018 | $53.76B | $5.05B | $1.86B |
| 2019 | $59.81B | $6.23B | $5.83B |
| 2020 | $65.4B | $6.83B | $6.42B |
| 2021 | $67.04B | $6.32B | $7.7B |
| 2022 | $65.98B | $5.73B | $6.13B |
| 2023 | $67.57B | $6.92B | $6.23B |
| 2024 | $71.04B | $5.34B | $5.29B |
| 2025 | $75.06B | $5.02B | $6.91B |
Revenue by segment
How Lockheed Martin Corporation makes its money and how that has shifted. Names are as the company reports them.
- Aeronautics40%
- Rotary and Mission Systems23%
- Missiles And Fire Control19%
- Space17%
Figures as a table
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aeronautics | $17.77B | $20.15B | $21.24B | $23.69B | $26.27B | $26.75B | $26.99B | $27.47B | $28.62B | $30.26B | 40.3% |
| Rotary and Mission Systems | $13.46B | $14.22B | $14.25B | $15.13B | $16B | $16.79B | $16.15B | $16.24B | $17.26B | $17.31B | 23.1% |
| Missiles And Fire Control | $6.61B | $7.21B | $8.46B | $10.13B | $11.26B | $11.69B | $11.32B | $11.25B | $12.68B | $14.45B | 19.3% |
| Space | $9.41B | $9.47B | $9.81B | $10.86B | $11.88B | $11.81B | $11.53B | $12.61B | $12.48B | $13.03B | 17.4% |
| Total revenue | $47.29B | $49.96B | $53.76B | $59.81B | $65.4B | $67.04B | $65.98B | $67.57B | $71.04B | $75.06B | 100% |
Revenue by region
Where Lockheed Martin Corporation generates its revenue.
- United States72%
- Europe12%
- Asia Pacific10%
- Middle East4%
- Other2%
“Other” combines smaller regions with revenue the company does not assign to a region.
Figures as a table
| 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|
| United States | $48.61B | $49.05B | $49.93B | $52.53B | $53.71B | 71.6% |
| Europe | $6.76B | $6.27B | $7.01B | $7.72B | $8.81B | 11.7% |
| Asia Pacific | $6.11B | $5.48B | $5.85B | $6.24B | $7.82B | 10.4% |
| Middle East | $4.25B | $3.8B | $3.55B | $3.08B | $2.86B | 3.8% |
| Other | $1.32B | $1.39B | $1.23B | $1.48B | $1.87B | 2.5% |
| Total revenue | $67.04B | $65.98B | $67.57B | $71.04B | $75.06B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 23 Oct 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.