Lockheed Martin is a US defense company. It builds fighter jets such as the F-35, missiles and defense systems, helicopters (Sikorsky) and satellites and space technology. Its main customer is the US government, plus allied countries. As of Oct 13, 2026
As of Oct 13, 2026Fact sheet (from the annual report)Missiles, guided weapons and space · Bethesda, USAfull fact sheet
Lockheed Martin is an aerospace and defense technology company whose main customers are US government agencies and allies. The Aeronautics segment develops, builds and services military aircraft such as the F-35 and C-130. Missiles and Fire Control supplies air and missile defense such as PAC-3 and THAAD as well as tactical missiles and precision weapons. Rotary and Mission Systems comprises Sikorsky helicopters such as the Black Hawk as well as the Aegis combat system for warships. The Space segment develops and builds satellites, the Trident II D5 missile and the crewed Orion spacecraft.
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Gap with volume · Analysis method
The price of LMT is currently in no zone of this method. The check runs daily after the market close.
Whether a price will soon reach a zone, you see from Watcher. Plans and pricing
How the zone is formed
What is this? After strong news, usually earnings, the price opened above the previous day’s high and closed much higher on heavy volume. Such moves often continue for a few more days.
Buy zone: from the start of the gap to the close of the gap day. Stop: just below the low of the gap day. Targets: 3 and 5 ATR (normal daily ranges) above the close of the gap day.
The pattern is valid for at most 15 trading days and expires if the price falls below the stop. This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice
Load chart from TradingView
This transfers data (including your IP address) to TradingView, also to the USA. More in the Privacy policy.
With a free account: save the buy zone shown for yourself (stop and targets from Watcher). It stays visible even if the zone changes later. Log in
· Sign up
Fundamental analysis
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and margin
Lockheed Martin · Sector Industrials · amounts in USD
Information only – does not affect our buy zones, not investment advice. Source: SEC filings, As of Jan 29, 2026.
In short
Light yellow: Revenue grew over 5 years (+2.8% per year), more slowly than the sector median.
Light red: Net income (total) shrank over 5 years (−6.0% per year); per share −2.4% per year.
Light yellow: Net margin 6.7%, below the sector median (11.1%).
Light red: Debt much higher than usual in the sector.
Light green: Profit in each of the last 10 fiscal years.
Light yellow: High payout ratio (62% of earnings).
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
RevenueNet incomeNet margin (below)in USD
020B40B60B80B
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 47.3B USD · Net income 5.3B USD · Net margin 11.2%
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 50.0B USD · Net income 2.0B USD · Net margin 4.0%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 53.8B USD · Net income 5.0B USD · Net margin 9.4%
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 59.8B USD · Net income 6.2B USD · Net margin 10.4%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 65.4B USD · Net income 6.8B USD · Net margin 10.4%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 67.0B USD · Net income 6.3B USD · Net margin 9.4%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 66.0B USD · Net income 5.7B USD · Net margin 8.7%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 67.6B USD · Net income 6.9B USD · Net margin 10.2%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 71.0B USD · Net income 5.3B USD · Net margin 7.5%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 75.0B USD · Net income 5.0B USD · Net margin 6.7%
Margin
11%4%9%10%10%9%9%10%8%7%
RevenueNet incomeNet margin (below)in USD
010B20B30B
Q4/23Quarter Q4/23 (Sep 25, 2023 – Dec 31, 2023): Revenue 18.9B USD · Net income 1.9B USD · Net margin 9.9% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 17.2B USD · Net income 1.5B USD · Net margin 9.0%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 18.1B USD · Net income 1.6B USD · Net margin 9.1%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 29, 2024): Revenue 17.1B USD · Net income 1.6B USD · Net margin 9.5%
Q4/24Quarter Q4/24 (Sep 30, 2024 – Dec 31, 2024): Revenue 18.6B USD · Net income 527.0M USD · Net margin 2.8% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 30, 2025): Revenue 18.0B USD · Net income 1.7B USD · Net margin 9.5%
Q2/25Quarter Q2/25 (Mar 31, 2025 – Jun 29, 2025): Revenue 18.2B USD · Net income 342.0M USD · Net margin 1.9%
Q3/25Quarter Q3/25 (Jun 30, 2025 – Sep 28, 2025): Revenue 18.6B USD · Net income 1.6B USD · Net margin 8.7%
Q4/25Quarter Q4/25 (Sep 29, 2025 – Dec 31, 2025): Revenue 20.3B USD · Net income 1.3B USD · Net margin 6.6% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 29, 2026): Revenue 18.0B USD · Net income 1.5B USD · Net margin 8.3%
Q2/26Quarter Q2/26 (Mar 30, 2026 – Jun 28, 2026): Revenue 20.1B USD · Net income 1.8B USD · Net margin 9.2%
Q3/26Quarter Q3/26 (Jun 29, 2026 – Sep 27, 2026): Revenue 20.7B USD · Net income 1.8B USD · Net margin 8.9%
Margin
10%9%9%9%3%10%2%9%7%8%9%9%
Earnings per shareUSD per share
0102030
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Earnings per share 17.49 USD
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Earnings per share 6.89 USD
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Earnings per share 17.59 USD
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Earnings per share 21.95 USD
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share 24.30 USD
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share 22.76 USD
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share 21.66 USD
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share 27.55 USD
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share 22.31 USD
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share 21.49 USD
Earnings per shareUSD per share
02.004.006.008.00
Q4/23Quarter Q4/23 (Sep 25, 2023 – Dec 31, 2023): Earnings per share not reported separately for Q4
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Earnings per share 6.39 USD
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Earnings per share 6.85 USD
Dividend per sharePayout ratio (below)USD per share
05.001015
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Dividend per share 6.77 USD · Payout ratio 38.7%
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Dividend per share 7.46 USD · Payout ratio 108.3%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Dividend per share 8.20 USD · Payout ratio 46.6%
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Dividend per share 9.00 USD · Payout ratio 41.0%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Dividend per share 9.80 USD · Payout ratio 40.3%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Dividend per share 10.60 USD · Payout ratio 46.6%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Dividend per share 11.40 USD · Payout ratio 52.6%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Dividend per share 12.15 USD · Payout ratio 44.1%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Dividend per share 12.75 USD · Payout ratio 57.1%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Dividend per share 13.35 USD · Payout ratio 62.1%
Ratio
39%108%47%41%40%47%53%44%57%62%
Dividend per sharePayout ratio (below)USD per share
01.002.003.004.00
Q4/23Quarter Q4/23 (Sep 25, 2023 – Dec 31, 2023): Dividend per share 3.15 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Dividend per share 3.15 USD · Payout ratio 49.3%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Dividend per share 3.15 USD · Payout ratio 46.0%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 29, 2024): Dividend per share 3.15 USD · Payout ratio 46.3%
Q4/24Quarter Q4/24 (Sep 30, 2024 – Dec 31, 2024): Dividend per share 3.30 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 30, 2025): Dividend per share 3.30 USD · Payout ratio 45.3%
Q2/25Quarter Q2/25 (Mar 31, 2025 – Jun 29, 2025): Dividend per share 3.30 USD · Payout ratio 226.0%
Q3/25Quarter Q3/25 (Jun 30, 2025 – Sep 28, 2025): Dividend per share 3.30 USD · Payout ratio 47.5%
Q4/25Quarter Q4/25 (Sep 29, 2025 – Dec 31, 2025): Dividend per share 3.45 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 29, 2026): Dividend per share 3.45 USD · Payout ratio 53.6%
Q2/26Quarter Q2/26 (Mar 30, 2026 – Jun 28, 2026): Dividend per share 3.45 USD · Payout ratio 43.5%
Q3/26Quarter Q3/26 (Jun 29, 2026 – Sep 27, 2026): Dividend per share 3.45 USD · Payout ratio 43.3%
Ratio
49%46%46%45%226%47%54%43%43%
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 75.0B USD · Net income 5.0B USD · Net margin 6.7%
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 90 symbols in the Industrials sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light yellow: below sector
+2.8%per year, last 5 years
Sector Industrials: median +8.0% (81 symbols)
What does this mean? Revenue: over 5 years it grew by 2.8% per year on average, but more slowly than the median company in the sector (+8.0%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light red: shrinking
−6.0%per year, last 5 years
Sector Industrials: median +10.0% (66 symbols)
per share: −2.4% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it fell by 6.0% per year on average. The median company in the sector reached +10.0% per year.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
What does this mean? Of every 100 USD in revenue, 6.69 USD remained as profit – less than the median company in the sector (11.1%). Five years ago the margin was 10.4%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth
Light red: much higher
2.04latest balance sheet
Sector Industrials: median 0.59 (67 symbols)
What does this mean? For every 1 USD of equity there is 2.04 USD of financial debt – more than twice as much as the median company in the sector (0.59). More debt amplifies good and bad years alike.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth
Light yellow: high
62%Dividend / earnings per share
Sector Industrials: median 35% (65 symbols)
What does this mean? Of every 1 USD of earnings per share, 0.62 USD went to shareholders as a dividend. Little buffer remains for weaker years. Median company in the sector: 35%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin
Light green: profit every year
10 of 10fiscal years with a profit
What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
Last fiscal year and 13F
Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
75.0B USD
Revenue vs. prior year
+5.6%
Net income (FY)
5.0B USD
Net income vs. prior year
−6.0%
EPS (FY)
21.49 USD
13F funds with a position
2 of 9
Funds vs. prior quarter
+1
Shares held vs. prior quarter
−53.1%
Fiscal year to Dec 31, 2025 · 10-K filed Jan 29, 2026 · Balance sheet Sep 27, 2026 (filed Oct 22, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term).13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
Year
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
2025
Dec 31, 2025
75.0B
5.0B
6.7%
21.49
13.35
62%
2024
Dec 31, 2024
71.0B
5.3B
7.5%
22.31
12.75
57%
2023
Dec 31, 2023
67.6B
6.9B
10.2%
27.55
12.15
44%
2022
Dec 31, 2022
66.0B
5.7B
8.7%
21.66
11.40
53%
2021
Dec 31, 2021
67.0B
6.3B
9.4%
22.76
10.60
47%
2020
Dec 31, 2020
65.4B
6.8B
10.4%
24.30
9.80
40%
2019
Dec 31, 2019
59.8B
6.2B
10.4%
21.95
9.00
41%
2018
Dec 31, 2018
53.8B
5.0B
9.4%
17.59
8.20
47%
2017
Dec 31, 2017
50.0B
2.0B
4.0%
6.89
7.46
108%
2016
Dec 31, 2016
47.3B
5.3B
11.2%
17.49
6.77
39%
Quarters (amounts in USD, per share in USD)
Quarter
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
Q3/26
Sep 27, 2026
20.7B
1.8B
8.9%
7.97
3.45
43%
Q2/26
Jun 28, 2026
20.1B
1.8B
9.2%
7.94
3.45
43%
Q1/26
Mar 29, 2026
18.0B
1.5B
8.3%
6.44
3.45
54%
Q4/25*
Dec 31, 2025
20.3B
1.3B
6.6%
–
3.45
–
Q3/25
Sep 28, 2025
18.6B
1.6B
8.7%
6.95
3.30
47%
Q2/25
Jun 29, 2025
18.2B
342.0M
1.9%
1.46
3.30
226%
Q1/25
Mar 30, 2025
18.0B
1.7B
9.5%
7.28
3.30
45%
Q4/24*
Dec 31, 2024
18.6B
527.0M
2.8%
–
3.30
–
Q3/24
Sep 29, 2024
17.1B
1.6B
9.5%
6.80
3.15
46%
Q2/24
Jun 30, 2024
18.1B
1.6B
9.1%
6.85
3.15
46%
Q1/24
Mar 31, 2024
17.2B
1.5B
9.0%
6.39
3.15
49%
Q4/23*
Dec 31, 2023
18.9B
1.9B
9.9%
–
3.15
–
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary
Insider purchases and sales on the market over 3, 6 and 12 months
Period
Purchases
Sales
Net
3 months
$00 people
$117.6K2 people
−$117.6K
6 months
$00 people
$117.6K2 people
−$117.6K
12 months
$00 people
$124.3K5 people
−$124.3K
Latest transactions
Aug 13, 2026Donovan JohnDirectorOpen-market sale1,742 shares · – · SEC
Aug 13, 2026Donovan JohnDirectorOpen-market sale631 shares · – · SEC
Aug 13, 2026Donovan JohnDirectorOpen-market sale469 shares · – · SEC
Aug 13, 2026Donovan JohnDirectorOpen-market sale212 shares · – · SEC
Aug 13, 2026Donovan JohnDirectorOpen-market sale204 shares · – · SEC
Aug 13, 2026Donovan JohnDirectorOpen-market sale120 shares · – · SEC
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score +60
Price vs. EMA 50+15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+15
Highs and lows-20
Relative strength+15
Volatility and trend strength
ADX 14 (trend strength)41.2
Rel. strength 60 d+5.2%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.