What is Lockheed Martin's EBITDA margin?

Latest reported EBITDA margin for Lockheed Martin (LMT) is 10.77% as of the trailing twelve months (TTM) ending March 29, 2026.

How has Lockheed Martin EBITDA margin changed year-over-year?

Lockheed Martin (LMT) EBITDA margin changed −2.1 percentage points year-over-year on the latest annual filing.

When did Lockheed Martin EBITDA margin hit its highest annual value?

Lockheed Martin EBITDA margin reached its highest annual value of 15.47% in 2020.

What was Lockheed Martin EBITDA margin in 2024?

Lockheed Martin (LMT) EBITDA margin in 2024 was 12.41%.

What was Lockheed Martin EBITDA margin in 2025?

Lockheed Martin (LMT) EBITDA margin in 2025 was 10.33%.

Lockheed Martin (LMT) EBITDA Margin

TTM

10.8%

YoY change

−2.08pp

Trough year (2002)

6.5%

Peak year (2020)

15.5%

EBITDA Margin history chart for Lockheed Martin (LMT) from 1992 to 2025

Latest: 10.3%

EBITDA Margin change chart for Lockheed Martin (LMT) from 1992 to 2025

Latest: −2.08pp

EBITDA Margin history table for Lockheed Martin (LMT) from 1992 to 2025


2025	10.3%	-2.08pp	Dec 31, 2025	Jan 29, 2026
2024	12.4%	-3.05pp	Dec 31, 2024	Jan 28, 2025
2023	15.5%	+2.26pp	Dec 31, 2023	Jan 23, 2024
2022	13.2%	-0.95pp	Dec 31, 2022	Jan 26, 2023
2021	14.1%	-1.32pp	Dec 31, 2021	Jan 25, 2022
2020	15.5%	+0.28pp	Dec 31, 2020	Jan 28, 2021
2019	15.2%	+0.92pp	Dec 31, 2019	Feb 7, 2020
2018	14.3%	+0.07pp	Dec 31, 2018	Feb 8, 2019
2017	14.2%	+0.17pp	Dec 31, 2017	Feb 16, 2018
2016	14.0%	-0.21pp	Dec 31, 2016	Feb 9, 2017
2015	14.2%	-0.82pp	Dec 31, 2015	Feb 24, 2016
2014	15.0%	+2.93pp	Dec 31, 2014	Feb 9, 2015
2013	12.1%	+0.58pp	Dec 31, 2013	Feb 14, 2014
2012	11.5%	+0.80pp	Dec 31, 2012	Feb 28, 2013
2011	10.7%	-0.56pp	Dec 31, 2011	Feb 23, 2012
2010	11.3%	-0.49pp	Dec 31, 2010	Feb 25, 2011
2009	11.8%	-2.11pp	Dec 31, 2009	Feb 25, 2010
2008	13.9%	+0.66pp	Dec 31, 2008	Feb 26, 2009
2007	13.2%	+2.64pp	Dec 31, 2007	Feb 28, 2008
2006	10.6%	+0.68pp	Dec 31, 2006	Feb 26, 2007
2005	9.9%	+2.19pp	Dec 31, 2005	Feb 28, 2006
2004	7.7%	-0.40pp	Dec 31, 2004	Feb 28, 2005
2003	8.1%	+1.67pp	Dec 31, 2003	Mar 8, 2004
2002	6.5%	-3.41pp	Dec 31, 2002	Mar 6, 2003
2001	9.9%	+1.42pp	Dec 31, 2001	Mar 7, 2002
2000	8.4%	-1.88pp	Dec 31, 2000	Mar 9, 2001
1999	10.3%	-2.46pp	Dec 31, 1999	Mar 9, 2000
1998	12.8%	+0.85pp	Dec 31, 1998	Mar 22, 1999
1997	11.9%	-1.01pp	Dec 31, 1997	Mar 19, 1998
1996	12.9%	+3.26pp	Dec 31, 1996	Mar 14, 1997
1995	9.7%	-2.18pp	Dec 31, 1995	Mar 13, 1996
1994	11.9%	+0.80pp	Dec 31, 1994	May 10, 1995
1993	11.1%	+0.24pp	Dec 31, 1993	Dec 31, 1993
1992	10.8%	—	Dec 31, 1992	Dec 31, 1992

202510.3%-2.08pp
202412.4%-3.05pp
202315.5%+2.26pp
202213.2%-0.95pp
202114.1%-1.32pp
202015.5%+0.28pp
201915.2%+0.92pp
201814.3%+0.07pp
201714.2%+0.17pp
201614.0%-0.21pp
201514.2%-0.82pp
201415.0%+2.93pp
201312.1%+0.58pp
201211.5%+0.80pp
201110.7%-0.56pp
201011.3%-0.49pp
200911.8%-2.11pp
200813.9%+0.66pp
200713.2%+2.64pp
200610.6%+0.68pp
20059.9%+2.19pp
20047.7%-0.40pp
20038.1%+1.67pp
20026.5%-3.41pp
20019.9%+1.42pp
20008.4%-1.88pp
199910.3%-2.46pp
199812.8%+0.85pp
199711.9%-1.01pp
199612.9%+3.26pp
19959.7%-2.18pp
199411.9%+0.80pp
199311.1%+0.24pp
199210.8%—

EBITDA Margin values are taken from Lockheed Martin's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About EBITDA Margin at Lockheed Martin (LMT)

According to Lockheed Martin's latest reported financial statements, the company's latest reported EBITDA margin is 10.8%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.

Headline figure above is from the reporting period ending March 29, 2026 (reported April 23, 2026). Chart and table below cover the full reported history back to 1992.

Lockheed Martin (LMT) most recent annual EBITDA margin stands at 10.33% (2025) – contracted 2.1 percentage points year-over-year.

The record annual EBITDA margin stands at 15.47%, reached in 2020; the historical low of 6.46% was recorded in 2002.

Lockheed Martin EBITDA Margin by Year

Lockheed Martin EBITDA Margin 2025: 10.3%

2025's EBITDA margin for Lockheed Martin came in at 10.33%, contracted 2.1 percentage points from 2024.

Lockheed Martin EBITDA Margin 2024: 12.4%

Lockheed Martin posted EBITDA margin of 12.41% in 2024, contracted 3.0 percentage points from 2023.

Lockheed Martin EBITDA Margin 2023: 15.5%

In 2023, Lockheed Martin reported EBITDA margin of 15.46%, expanded 2.3 percentage points from 2022.

Lockheed Martin EBITDA Margin 2022: 13.2%

Lockheed Martin EBITDA margin in 2022 was 13.20%, contracted 0.9 percentage points from 2021.

Lockheed Martin EBITDA Margin 2021: 14.1%

Lockheed Martin EBITDA margin in 2021 was 14.14%.

See more financial history for Lockheed Martin (LMT).

Sector peers by EBITDA Margin

Industrials peers of Lockheed Martin (LMT), ranked by their latest EBITDA margin


Union Pacific (UNP)	52.5%
GE Aerospace (GE)	22.8%
Deere & Company (DE)	22.5%
Caterpillar (CAT)	21.6%
Eaton Corporation (ETN)	20.7%
Honeywell International (HON)	17.8%
RTX (RTX)	17.1%
Boeing (BA)	7.9%

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