LMT · XBRL financial data

Lockheed Martin financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (LMT's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 29, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 30, 2025	Q2 FY25Jun 29, 2025	Q3 FY25Sep 28, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 29, 2026	Q2 FY26Jun 28, 2026	Q3 FY26Sep 27, 2026
Revenue	18,874*	17,195	18,122	17,104	18,622*	17,963	18,155	18,609	20,321*	18,021	20,063	20,711
Cost of revenue	16,579*	15,202	15,992	14,987	17,932*	15,640	17,421	16,369	17,999*	15,943	17,617	18,275
Gross profit	2,295*	1,993	2,130	2,117	690*	2,323	734	2,240	2,322*	2,078	2,446	2,436
Research and development	year only	—	—	—	year only	—	—	—	year only	—	—	—
Other operating income (expense)	(2)*	36	18	23	6*	49	14	40	9*	(15)	33	7
Operating income (loss)	2,293*	2,029	2,148	2,140	696*	2,372	748	2,280	2,331*	2,063	2,479	2,443
Interest expense	254*	255	261	256	264*	268	274	286	290*	269	266	264
Other income (expense)	(5)*	45	46	18	72*	30	42	43	68*	60	45	74
Income tax expense (benefit)	279*	290	307	295	(8)*	324	75	319	187*	286	342	327
Net income (loss)	1,866*	1,545	1,641	1,623	527*	1,712	342	1,619	1,344*	1,488	1,836	1,845
Earnings per share, basic USD per share	7.61*	6.42	6.87	6.83	2.23*	7.30	1.46	6.98	5.82*	6.47	7.98	8.00
Earnings per share, diluted USD per share	7.59*	6.39	6.85	6.80	2.22*	7.28	1.46	6.95	5.80*	6.44	7.94	7.97
Weighted average shares, basic millions of shares	245*	241	239	238	236*	234	234	232	231*	230	230	231
Weighted average shares, diluted millions of shares	246*	242	240	239	237*	235	234	233	232*	231	231	232

Balance sheet

CSV

Fiscal quarters (LMT's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 29, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 30, 2025	Q2 FY25Jun 29, 2025	Q3 FY25Sep 28, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 29, 2026	Q2 FY26Jun 28, 2026	Q3 FY26Sep 27, 2026
Cash and cash equivalents	1,442	2,790	2,523	3,151	2,483	1,803	1,293	3,470	4,121	1,894	3,791	5,960
Inventory	3,132	3,278	3,097	3,234	3,474	3,599	3,699	3,749	3,524	4,251	4,411	3,987
Total current assets	20,521	22,958	22,967	23,211	21,849	22,801	23,988	25,936	25,362	25,080	28,401	31,001
Property and equipment, net	8,370	8,354	8,394	8,454	8,726	8,713	8,670	8,722	8,875	11,283	11,390	11,524
Right-of-use asset	1,100	—	—	—	1,000	—	—	—	976	—	—	—
Goodwill	10,799	10,789	10,787	10,800	11,067	11,076	11,309	11,313	11,314	11,306	11,298	11,299
Total assets	52,456	54,963	55,076	55,520	55,617	56,669	58,870	60,276	59,840	59,238	62,450	64,510
Accounts payable	2,312	3,523	3,282	3,221	2,222	3,821	3,653	3,834	3,630	4,707	4,915	5,005
Current portion of long-term debt	168	168	142	142	643	1,643	3,118	1,669	1,168	168	0	0
Total current liabilities	16,937	17,699	18,493	17,810	19,420	21,187	24,354	22,974	23,335	22,090	23,809	24,540
Long-term debt	17,291	19,250	19,115	19,179	19,627	18,661	18,520	20,520	20,532	20,529	20,538	20,498
Lease liability, non-current	862	—	—	—	833	—	—	—	825	—	—	—
Total liabilities	45,621	48,313	48,901	48,320	49,284	49,986	53,536	54,095	53,119	51,749	53,682	54,447
Retained earnings	15,398	15,222	14,707	15,657	14,551	14,773	13,259	14,053	14,034	14,723	15,759	16,802
Total stockholders' equity	6,835	6,650	6,175	7,200	6,333	6,683	5,334	6,181	6,721	7,489	8,768	10,063
Total liabilities and equity	52,456	54,963	55,076	55,520	55,617	56,669	58,870	60,276	59,840	59,238	62,450	64,510
Common shares outstanding (cover page) millions of shares	242	240	238	237	235	234	233	231	230	231	231	231

Cash flows

CSV

Fiscal quarters (LMT's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 29, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 30, 2025	Q2 FY25Jun 29, 2025	Q3 FY25Sep 28, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 29, 2026	Q2 FY26Jun 28, 2026	Q3 FY26Sep 27, 2026
Net income (loss)	1,866*	1,545	1,641	1,623	527*	1,712	342	1,619	1,344*	1,488	1,836	1,845
Stock-based compensation	44*	61	93*	75*	48*	60	81*	74*	89*	83	97*	89*
Net cash from operating activities	2,365*	1,635	1,876*	2,438*	1,023*	1,409	201*	3,728*	3,219*	220	3,235*	3,438*
Net cash from investing activities	(703)*	(372)	(372)*	(210)*	(838)*	(430)	(715)*	(319)*	(513)*	(541)	(349)*	(470)*
Share repurchases	3,000*	1,000	850*	850*	1,000*	750	500*	1,000*	750*	0	0*	0*
Dividends paid	767*	780	752*	749*	778*	796	771*	765*	799*	816	796*	796*
Repayments of long-term debt	—	—	—	—	—	0	142*	0*	—	1,000	168*	0*
Net cash from financing activities	(3,771)*	85	(1,771)*	(1,600)*	(853)*	(1,659)	4*	(1,232)*	(2,055)*	(1,906)	(989)*	(799)*
Net change in cash	(2,109)*	1,348	(267)*	628*	(668)*	(680)	(510)*	2,177*	651*	(2,227)	1,897*	2,169*

Compare with peers

Defense primes first (General Dynamics, Northrop Grumman, L3Harris, Huntington Ingalls, RTX), then SIC 3760 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3760 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Defense primes first (General Dynamics, Northrop Grumman, L3Harris, Huntington Ingalls, RTX), whatever their size; consumer navigation makers are left out.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Companies after the primes are not on that list: each is there for its industry code and size, and is marked “added” with its code.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Lockheed Martin	5,960	20,711	3,438*	231.0M	Q3 FY26 10-QSep 27, 2026
General Dynamics	4,388	14,566	1,710*	270.2M	Q3 FY26 10-QOct 4, 2026
Northrop Grumman	3,744	11,122	1,745*	142.1M	Q3 FY26 10-QSep 30, 2026
L3harris Technologies	2,471	6,060	1,439*	186.2M	Q3 FY26 10-QOct 2, 2026
Huntington Ingalls Industries	387	3,537	520*	39.4M	Q3 FY26 10-QSep 30, 2026
RTX	9,173	24,965	2,868*	1.3B	Q3 FY26 10-QSep 30, 2026
Honeywell Internationaladded: SIC 3724, similar size	5,694	4,994	not reported	317.4M	Q3 FY26 10-QSep 30, 2026
TransDigm Groupadded: SIC 3728, similar size	2,773	2,741	724*	55.3M	Q3 FY26 10-QJun 27, 2026
Boeingadded: SIC 3721, similar size	9,498	24,188	1,496*	792.4M	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.