SuperworthLockheed Martin profit margin LMT
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 8.2%
- Operating margin, 12 months
- 11.8%
- Net margin on a year earlier
- +2.5 pts
- Peer median
- 16.4%
Over the twelve months to Sep 27, 2026, Lockheed Martin kept 8.2% of its revenue as net profit, with an operating margin of 11.8%.
Five years earlier its net margin was 9.1%.
The median for 10 aerospace and defense stocks of a similar size is 16.4%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 6.7% | 10.3% | 10.2% |
| FY2024 | 7.5% | 9.9% | 9.8% |
| FY2023 | 10.2% | 12.6% | 12.5% |
| FY2022 | 8.7% | 12.7% | 12.6% |
| FY2021 | 9.4% | 13.6% | 13.5% |
| FY2020 | 10.4% | 13.2% | 13.2% |
| FY2019 | 10.4% | 14.3% | 14.0% |
| FY2018 | 9.4% | 13.6% | 13.5% |
| FY2017 | 3.9% | 13.5% | 12.8% |
| FY2016 | 11.2% | 11.7% | 10.7% |
| FY2015 | 8.9% | 11.6% | 12.4% |
| FY2014 | 7.9% | 12.3% | 11.5% |
| FY2013 | 6.6% | 9.9% | 9.2% |
| FY2012 | 5.8% | 9.4% | 8.9% |
| FY2011 | 5.7% | 8.6% | 8.1% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q3 FY26 | 8.2% | +2.5 pts | 11.8% | |
| Q2 FY26 | 8.2% | +2.3 pts | 11.9% | |
| Q1 FY26 | 6.4% | −1.3 pts | 9.9% | |
| Q4 FY25 | 6.7% | −0.8 pts | 10.3% | |
| Q3 FY25 | 5.7% | −3.6 pts | 8.3% | |
| Q2 FY25 | 5.9% | −3.6 pts | 8.3% | |
| Q1 FY25 | 7.7% | −2.1 pts | 10.2% | |
| Q4 FY24 | 7.5% | −2.7 pts | 9.9% | |
| Q3 FY24 | 9.4% | −0.9 pts | 12.1% | |
| Q2 FY24 | 9.5% | −1.0 pts | 12.0% | |
| Q1 FY24 | 9.7% | +1.1 pts | 12.2% | |
| Q4 FY23 | 10.2% | +1.6 pts | 12.6% |
Against its peers
Companies in Aerospace & Defense nearest Lockheed Martin's size, closest first, today.
| Company | Profit margin |
|---|---|
| LMTLockheed Martin | 8.2% |
| BABoeing | 2.6% |
| GDGeneral Dynamics | 8.2% |
| NOCNorthrop Grumman | 10.5% |
| RTXRTX | n/m |
| HWMHowmet Aerospace | 20.5% |
| GEGE Aerospace | 17.5% |
| TDGTransDigm | 21.3% |
| HONAHoneywell Aerospace | n/m |
| LHXL3Harris Technologies | n/m |
| HEIHEICO | 16.4% |
| Peer median | 16.4% |
Where Lockheed Martin ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Lockheed Martin
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.