Direct Answer
Lockheed Martin reported revenue of $75.0 billion for the fiscal year ended December 31, 2025, with an operating margin of 10.3% and net income of $5.0 billion, according to its SEC filings. Revenue grew 5.6% from the prior year.
What Are Lockheed Martin's Key Financial Figures?
| Fiscal year | FY2025 ended December 31, 2025 | FY2024 ended December 31, 2024 | FY2023 ended December 31, 2023 | FY2022 ended December 31, 2022 |
|---|---|---|---|---|
| Revenue | $75.0 billion | $71.0 billion | $67.6 billion | $66.0 billion |
| Operating income | $7.7 billion | $7.0 billion | $8.5 billion | $8.3 billion |
| Operating margin | 10.3% | 9.9% | 12.6% | 12.7% |
| Net income | $5.0 billion | $5.3 billion | $6.9 billion | $5.7 billion |
| Net margin | 6.7% | 7.5% | 10.2% | 8.7% |
| Operating cash flow | $8.6 billion | $7.0 billion | $7.9 billion | $7.8 billion |
| Capital expenditures | $1.6 billion | $1.7 billion | $1.7 billion | $1.7 billion |
| Free cash flow | $6.9 billion | $5.3 billion | $6.2 billion | $6.1 billion |
Operating margin held roughly steady between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $6.9 billion against net income of $5.0 billion; cash generation covered reported earnings.
What Does Lockheed Martin's Balance Sheet Show?
| Cash and cash equivalents | $4.1 billion |
|---|---|
| Long-term debt | $20.5 billion |
| Total assets | $59.8 billion |
| Total liabilities | $53.1 billion |
| Shareholders' equity | $6.7 billion |
| Current ratio | 1.1x |
Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions.
Where These Numbers Come From
Every figure on this page is a value Lockheed Martin reported in its own SEC filings, read from the SEC's XBRL data (accession 0001628280-26-004195 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 12, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary.
Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.
Frequently Asked Questions
What was Lockheed Martin's revenue in fiscal 2025?
Lockheed Martin reported revenue of $75.0 billion for the fiscal year ended December 31, 2025, according to its SEC filings.
What is Lockheed Martin's operating margin?
Lockheed Martin's operating margin was 10.3% in fiscal 2025: operating income of $7.7 billion on revenue of $75.0 billion.
How much free cash flow did Lockheed Martin generate?
Operating cash flow of $8.6 billion less capital expenditures of $1.6 billion gives free cash flow of $6.9 billion for fiscal 2025.