Lockheed Martin annual operating margin
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2025
Lockheed Martin Operating Margin Growth & History (LMT)
Lockheed Martin's operating margin was 10.30% for fiscal 2025.
View full Lockheed Martin company overviewLockheed Martin annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 10.30% | +0.43 pp |
| 2024 | 2024-12-31 | 9.87% | −2.72 pp |
| 2023 | 2023-12-31 | 12.59% | −0.06 pp |
| 2022 | 2022-12-31 | 12.65% | −0.96 pp |
| 2021 | 2021-12-31 | 13.61% | +0.39 pp |
| 2020 | 2020-12-31 | 13.22% | −1.07 pp |
| 2019 | 2019-12-31 | 14.29% | +0.64 pp |
| 2018 | 2018-12-31 | 13.64% | +0.14 pp |
| 2017 | 2017-12-31 | 13.50% | +1.05 pp |
| 2016 | 2016-12-31 | 12.45% | +0.83 pp |
| 2015 | 2015-12-31 | 11.62% | −0.92 pp |
| 2014 | 2014-12-31 | 12.55% | +2.61 pp |
| 2013 | 2013-12-31 | 9.93% | +0.53 pp |
| 2012 | 2012-12-31 | 9.40% | +0.75 pp |
| 2011 | 2011-12-31 | 8.65% | −0.34 pp |
| 2010 | 2010-12-31 | 8.99% | −0.97 pp |
| 2009 | 2009-12-31 | 9.96% | −2.25 pp |
| 2008 | 2008-12-31 | 12.20% | +1.39 pp |
| 2007 | 2007-12-31 | 10.81% | — |
Lockheed Martin quarterly operating margin
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Q3.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-28 | 12.36% | +8.24 pp |
| Q1 2026 | 2026-03-29 | 11.45% | −1.76 pp |
| Q4 2025 | 2025-12-31 | 11.47% | +7.73 pp |
| Q3 2025 | 2025-09-28 | 12.25% | −0.26 pp |
| Q2 2025 | 2025-06-29 | 4.12% | −7.73 pp |
| Q1 2025 | 2025-03-30 | 13.20% | +1.40 pp |
| Q4 2024 | 2024-12-31 | 3.74% | −8.41 pp |
| Q3 2024 | 2024-09-29 | 12.51% | +0.41 pp |
| Q2 2024 | 2024-06-30 | 11.85% | −0.94 pp |
| Q1 2024 | 2024-03-31 | 11.80% | −1.67 pp |
| Q4 2023 | 2023-12-31 | 12.15% | +0.07 pp |
| Q3 2023 | 2023-09-24 | 12.10% | −0.92 pp |
| Q2 2023 | 2023-06-25 | 12.79% | +0.08 pp |
| Q1 2023 | 2023-03-26 | 13.47% | +0.55 pp |
| Q4 2022 | 2022-12-31 | 12.07% | −1.77 pp |
| Q3 2022 | 2022-09-25 | 13.02% | −1.29 pp |
| Q2 2022 | 2022-06-26 | 12.71% | −0.16 pp |
| Q1 2022 | 2022-03-27 | 12.92% | −0.50 pp |
| Q4 2021 | 2021-12-31 | 13.85% | +0.41 pp |
| Q3 2021 | 2021-09-26 | 14.31% | +1.30 pp |
| Q2 2021 | 2021-06-27 | 12.87% | +0.01 pp |
| Q1 2021 | 2021-03-28 | 13.42% | −0.14 pp |
| Q4 2020 | 2020-12-31 | 13.44% | −0.10 pp |
| Q3 2020 | 2020-09-27 | 13.02% | −0.86 pp |
| Q2 2020 | 2020-06-28 | 12.86% | −1.06 pp |
| Q1 2020 | 2020-03-29 | 13.56% | −2.37 pp |
| Q4 2019 | 2019-12-31 | 13.53% | +0.69 pp |
| Q3 2019 | 2019-09-29 | 13.88% | +0.17 pp |
| Q2 2019 | 2019-06-30 | 13.92% | +0.52 pp |
| Q1 2019 | 2019-03-31 | 15.92% | +1.10 pp |
| Q4 2018 | 2018-12-31 | 12.84% | −1.23 pp |
| Q3 2018 | 2018-09-30 | 13.71% | +0.12 pp |
| Q2 2018 | 2018-06-24 | 13.40% | −0.26 pp |
| Q1 2018 | 2018-03-25 | 14.83% | +2.32 pp |
| Q4 2017 | 2017-12-31 | 14.08% | +1.43 pp |
| Q3 2017 | 2017-09-24 | 13.59% | −0.16 pp |
| Q2 2017 | 2017-06-25 | 13.66% | +1.53 pp |
| Q1 2017 | 2017-03-26 | 12.50% | +1.34 pp |
| Q4 2016 | 2016-12-31 | 12.65% | +4.41 pp |
| Q3 2016 | 2016-09-25 | 13.75% | +1.90 pp |
| Q2 2016 | 2016-06-26 | 12.13% | −0.28 pp |
| Q1 2016 | 2016-03-27 | 11.17% | −2.24 pp |
| Q4 2015 | 2015-12-31 | 8.24% | −2.84 pp |
| Q3 2015 | 2015-09-27 | 11.85% | −0.68 pp |
| Q2 2015 | 2015-06-28 | 12.41% | −0.20 pp |
| Q1 2015 | 2015-03-29 | 13.41% | −0.03 pp |
| Q4 2014 | 2014-12-31 | 11.08% | +3.85 pp |
| Q3 2014 | 2014-09-28 | 12.52% | +1.47 pp |
| Q2 2014 | 2014-06-29 | 12.61% | +1.23 pp |
| Q1 2014 | 2014-03-30 | 13.45% | +3.34 pp |
| Q4 2013 | 2013-12-31 | 7.23% | −1.54 pp |
| Q3 2013 | 2013-09-29 | 11.05% | +1.47 pp |
| Q2 2013 | 2013-06-30 | 11.38% | +1.38 pp |
| Q1 2013 | 2013-03-31 | 10.11% | +0.86 pp |
| Q4 2012 | 2012-12-31 | 8.77% | −0.42 pp |
| Q3 2012 | 2012-09-30 | 9.58% | +0.99 pp |
| Q2 2012 | 2012-06-24 | 10.00% | +1.40 pp |
| Q1 2012 | 2012-03-25 | 9.24% | +1.11 pp |
| Q4 2011 | 2011-12-31 | 9.19% | −0.06 pp |
| Q3 2011 | 2011-09-25 | 8.59% | +0.86 pp |
| Q2 2011 | 2011-06-26 | 8.60% | −1.28 pp |
| Q1 2011 | 2011-03-27 | 8.13% | −0.94 pp |
| Q4 2010 | 2010-12-31 | 9.24% | −0.74 pp |
| Q3 2010 | 2010-09-26 | 7.73% | −2.19 pp |
| Q2 2010 | 2010-06-27 | 9.88% | +0.15 pp |
| Q1 2010 | 2010-03-28 | 9.07% | −1.12 pp |
| Q4 2009 | 2009-12-31 | 9.99% | −1.76 pp |
| Q3 2009 | 2009-09-27 | 9.92% | −2.43 pp |
| Q2 2009 | 2009-06-28 | 9.74% | — |
| Q1 2009 | 2009-03-29 | 10.19% | — |
| Q3 2008 | 2008-09-28 | 11.74% | — |
| Q2 2008 | 2008-06-29 | 12.35% | — |
Lockheed Martin operating margin trends
Over the last five reported fiscal years, Lockheed Martin's operating margin decreased from 13.22% to 10.30%, a change of −2.92 percentage points. The latest reported quarter, Q2 2026, shows 12.36%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Lockheed Martin filings at SEC.gov ↗