EBITDA for Lockheed Martin (LMT)
According to Lockheed Martin's latest reported financial statements, the company's current EBITDA (TTM) is $8.09B USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$8.09B
YoY change
-12.0%
5Y CAGR
-5.2%
Peak year (2023)
$10.44B
Cumulative EBITDA
$176.88B
EBITDA history chart for Lockheed Martin (LMT) from 1992 to 2025
EBITDA history table for Lockheed Martin (LMT) from 1992 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $7.75B | -12.0% | ||
| 2024 | $8.82B | -15.6% | ||
| 2023 | $10.44B | +19.9% | ||
| 2022 | $8.71B | -8.2% | ||
| 2021 | $9.48B | -6.3% | ||
| 2020 | $10.12B | +11.4% | ||
| 2019 | $9.08B | +18.5% | ||
| 2018 | $7.67B | +8.1% | ||
| 2017 | $7.09B | +6.9% | ||
| 2016 | $6.63B | +15.0% | ||
| 2015 | $5.77B | -4.0% | ||
| 2014 | $6.01B | +9.4% | ||
| 2013 | $5.50B | +1.0% | ||
| 2012 | $5.44B | +9.0% | ||
| 2011 | $4.99B | -3.5% | ||
| 2010 | $5.17B | -2.8% | ||
| 2009 | $5.33B | -10.3% | ||
| 2008 | $5.94B | +7.2% | ||
| 2007 | $5.54B | +31.9% | ||
| 2006 | $4.20B | +13.7% | ||
| 2005 | $3.69B | +34.5% | ||
| 2004 | $2.75B | +6.2% | ||
| 2003 | $2.58B | +50.6% | ||
| 2002 | $1.72B | -27.5% | ||
| 2001 | $2.37B | +10.7% | ||
| 2000 | $2.14B | -18.8% | ||
| 1999 | $2.63B | -21.5% | ||
| 1998 | $3.36B | +0.2% | ||
| 1997 | $3.35B | -3.7% | ||
| 1996 | $3.48B | +57.2% | ||
| 1995 | $2.21B | -18.6% | ||
| 1994 | $2.72B | +9.7% | ||
| 1993 | $2.48B | +42.9% | ||
| 1992 | $1.73B | — |
EBITDA values are taken from Lockheed Martin's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Lockheed Martin (LMT) EBITDA is $7.75B – declined 12.0% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Lockheed Martin EBITDA compounded at -5.2% per year, with a net decline across the window.
Lockheed Martin EBITDA declined from $10.44B in 2023 to $7.75B in 2025, a 25.8% drawdown.
The dataset's maximum EBITDA sits at $10.44B (2023); the minimum reading of $1.72B dates to 2002.
Lockheed Martin (LMT) sits 7th of 8 Industrials peers we track on this metric, against a peer median of $11.86B.
Lockheed Martin EBITDA by Year
Lockheed Martin EBITDA 2025: $7.75B
Lockheed Martin EBITDA in 2025 was $7.75B, declined 12.0% below 2024.
Lockheed Martin EBITDA 2024: $8.82B
Lockheed Martin EBITDA in 2024 was $8.82B, declined 15.6% below 2023.
Lockheed Martin EBITDA 2023: $10.44B
Lockheed Martin EBITDA in 2023 was $10.44B, grew 19.9% from 2022. This figure represents the highest annual value in the available history.
Lockheed Martin EBITDA 2022: $8.71B
Lockheed Martin EBITDA in 2022 was $8.71B, declined 8.2% below 2021.
Lockheed Martin EBITDA 2021: $9.48B
Lockheed Martin EBITDA in 2021 was $9.48B.
See more financial history for Lockheed Martin (LMT).
Sector peers — EBITDA
Companies in the same sector as Lockheed Martin, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $14.86B | Industrials |
| Union Pacific Corporation (UNP) | $12.95B | Industrials |
| RTX Corporation (RTX) | $12.89B | Industrials |
| GE Aerospace (GE) | $12.06B | Industrials |
| Deere & Company (DE) | $11.66B | Industrials |
| Honeywell International Inc. (HON) | $8.21B | Industrials |
| The Boeing Company (BA) | $7.36B | Industrials |
| Eaton Corporation plc (ETN) | $5.95B | Industrials |
Frequently asked questions
What is Lockheed Martin's EBITDA?
- Latest reported EBITDA for Lockheed Martin (LMT) is $8.09B (period ending March 29, 2026).
How has Lockheed Martin EBITDA changed year-over-year?
- Lockheed Martin (LMT) EBITDA changed -12.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Lockheed Martin EBITDA?
- Lockheed Martin (LMT) EBITDA compound annual growth rate is -5.2% over the most recent 5 years available.
When did Lockheed Martin EBITDA hit its highest annual value?
- Lockheed Martin EBITDA reached its highest annual value of $10.44B in 2023.
What was Lockheed Martin EBITDA in 2024?
- Lockheed Martin (LMT) EBITDA in 2024 was $8.82B.
What was Lockheed Martin EBITDA in 2025?
- Lockheed Martin (LMT) EBITDA in 2025 was $7.75B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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