Lockheed Martin Corporation

LSE:0R3E.LIndustrials

——At close · Market cap — · Next earnings Tue 20 Oct

USD billions	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	YoY
Revenue	65.4	67.0	66.0	67.6	71.0	75.0	+5.6%
Cost of revenue	55.6	56.4	55.6	59.0	62.6	65.6	+4.8%
Gross profit	9.8	10.6	10.4	8.6	8.4	9.4	+11.7%
Research & development	1.3	1.5	1.7	1.5	1.6	2.0	+25.0%
Selling, general & administrative	0.2	1.2	0.9	0.5	0.0	0.0	—
Selling & marketing	0.0	0.0	0.0	0.0	0.0	0.0	—
Operating expenses	1.3	1.5	1.7	0.1	1.6	2.0	+25.0%
Operating income	8.5	9.1	8.7	8.5	6.8	7.4	+8.5%
Interest expense	0.6	0.6	0.6	0.9	1.0	1.1	+7.9%
Interest income	0.6	0.6	0.6	0.0	0.0	0.0	—
Other income / expense	(0.2)	(1.5)	(2.0)	(0.4)	(0.6)	(1.5)	−140.8%
Pre-tax income	8.2	7.6	6.7	8.1	6.2	5.9	−4.8%
Income tax	1.3	1.2	0.9	1.2	0.9	0.9	+2.4%
Net income	6.8	6.3	5.7	6.9	5.3	5.0	−6.0%
Discontinued operations	(0.1)	0.0	0.0	0.0	0.0	0.0	—
Other net income adjustments	0.0	0.0	0.0	0.0	0.0	0.0	—
EPS, basic (per share)	24.40	22.85	21.74	27.65	22.39	21.56	−3.7%
EPS, diluted (per share)	24.30	22.77	21.66	27.55	22.31	21.49	−3.7%
EBITDA	10.1	9.5	8.7	10.2	8.8	8.7	−1.0%
Depreciation & amortization	1.3	1.4	1.4	1.2	1.6	1.7	+8.1%
Weighted average shares (shares)	280,000,000	276,400,000	263,700,000	250,300,000	238,300,000	232,700,000	−2.3%
Weighted average diluted shares (shares)	281,200,000	277,400,000	264,600,000	251,200,000	239,200,000	233,500,000	−2.4%
Gross margin	14.9%	15.8%	15.8%	12.7%	11.9%	12.6%	+0.7 pts
Operating margin	12.9%	13.6%	13.2%	12.6%	9.6%	9.9%	+0.3 pts
Net margin	10.4%	9.4%	8.7%	10.2%	7.5%	6.7%	−0.8 pts

USD billionsUpdated Tue 31 Mar ·

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Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.