Net Income for Lockheed Martin (LMT)
According to Lockheed Martin's latest reported financial statements, the company's current net income (TTM) is $4.79B USD. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingNet IncomeSwitch metric
TTM (last 4 quarters)
$4.79B
YoY change
-6.0%
5Y CAGR
-6.0%
Peak year (2023)
$6.92B
Cumulative net income
$94.34B
Net Income history chart for Lockheed Martin (LMT) from 1992 to 2025
Net Income history table for Lockheed Martin (LMT) from 1992 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 2025 | $5.02B | -6.0% | ||
| 2024 | $5.34B | -22.9% | ||
| 2023 | $6.92B | +20.7% | ||
| 2022 | $5.73B | -9.2% | ||
| 2021 | $6.32B | -7.6% | ||
| 2020 | $6.83B | +9.7% | ||
| 2019 | $6.23B | +23.5% | ||
| 2018 | $5.05B | +152.0% | ||
| 2017 | $2.00B | -62.2% | ||
| 2016 | $5.30B | +47.1% | ||
| 2015 | $3.60B | -0.2% | ||
| 2014 | $3.61B | +21.2% | ||
| 2013 | $2.98B | +8.6% | ||
| 2012 | $2.75B | +3.4% | ||
| 2011 | $2.65B | -9.3% | ||
| 2010 | $2.93B | -3.2% | ||
| 2009 | $3.02B | -6.0% | ||
| 2008 | $3.22B | +6.1% | ||
| 2007 | $3.03B | +19.9% | ||
| 2006 | $2.53B | +38.6% | ||
| 2005 | $1.82B | +44.2% | ||
| 2004 | $1.27B | +20.2% | ||
| 2003 | $1.05B | +110.6% | ||
| 2002 | $500.00M | -147.8% | ||
| 2001 | -$1.05B | +101.5% | ||
| 2000 | -$519.00M | -235.9% | ||
| 1999 | $382.00M | -61.8% | ||
| 1998 | $1.00B | -23.0% | ||
| 1997 | $1.30B | -3.5% | ||
| 1996 | $1.35B | +97.5% | ||
| 1995 | $682.00M | -33.0% | ||
| 1994 | $1.02B | +22.8% | ||
| 1993 | $829.00M | -329.6% | ||
| 1992 | -$361.00M | — |
Net Income 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
In 2025, Lockheed Martin (LMT) net income totalled $5.02B – declined 6.0% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Lockheed Martin net income compounded at -6.0% per year, with a net decline across the window.
Lockheed Martin net income declined from $6.92B in 2023 to $5.02B in 2025, a 27.5% drawdown.
The dataset's maximum net income sits at $6.92B (2023); the minimum reading of -$1.05B dates to 2001.
Within Industrials, Lockheed Martin (LMT) ranks 6th among 8 peers we track. The peer median for net income is $5.88B.
Lockheed Martin Net Income by Year
Lockheed Martin Net Income 2025: $5.02B
Lockheed Martin net income in 2025 was $5.02B, declined 6.0% below 2024.
Lockheed Martin Net Income 2024: $5.34B
Lockheed Martin net income in 2024 was $5.34B, declined 22.9% below 2023.
Lockheed Martin Net Income 2023: $6.92B
Lockheed Martin net income in 2023 was $6.92B, grew 20.7% from 2022. This figure represents the highest annual value in the available history.
Lockheed Martin Net Income 2022: $5.73B
Lockheed Martin net income in 2022 was $5.73B, declined 9.2% below 2021.
Lockheed Martin Net Income 2021: $6.32B
Lockheed Martin net income in 2021 was $6.32B.
See more financial history for Lockheed Martin (LMT).
Sector peers — Net Income
Companies in the same sector as Lockheed Martin, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $8.87B | Industrials |
| GE Aerospace (GE) | $8.70B | Industrials |
| Union Pacific Corporation (UNP) | $7.14B | Industrials |
| RTX Corporation (RTX) | $6.73B | Industrials |
| Deere & Company (DE) | $5.03B | Industrials |
| Honeywell International Inc. (HON) | $4.73B | Industrials |
| Eaton Corporation plc (ETN) | $4.09B | Industrials |
| The Boeing Company (BA) | $2.23B | Industrials |
Frequently asked questions
What is Lockheed Martin's net income?
- Latest reported net income for Lockheed Martin (LMT) is $4.79B (period ending March 29, 2026).
How has Lockheed Martin net income changed year-over-year?
- Lockheed Martin (LMT) net income changed -6.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Lockheed Martin net income?
- Lockheed Martin (LMT) net income compound annual growth rate is -6.0% over the most recent 5 years available.
When did Lockheed Martin net income hit its highest annual value?
- Lockheed Martin net income reached its highest annual value of $6.92B in 2023.
What was Lockheed Martin net income in 2024?
- Lockheed Martin (LMT) net income in 2024 was $5.34B.
What was Lockheed Martin net income in 2025?
- Lockheed Martin (LMT) net income in 2025 was $5.02B.
Metrics overview
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