Operating Income for Lockheed Martin (LMT)
According to Lockheed Martin's latest reported financial statements, the company's current operating income (TTM) is $7.42B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$7.42B
YoY change
+10.2%
5Y CAGR
-2.2%
Peak year (2021)
$9.12B
Cumulative operating income
$149.77B
Operating Income history chart for Lockheed Martin (LMT) from 1992 to 2025
Operating Income history table for Lockheed Martin (LMT) from 1992 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $7.73B | +10.2% | ||
| 2024 | $7.01B | -17.6% | ||
| 2023 | $8.51B | +1.9% | ||
| 2022 | $8.35B | -8.5% | ||
| 2021 | $9.12B | +5.5% | ||
| 2020 | $8.64B | +1.2% | ||
| 2019 | $8.54B | +16.5% | ||
| 2018 | $7.33B | +8.7% | ||
| 2017 | $6.74B | +14.5% | ||
| 2016 | $5.89B | +25.0% | ||
| 2015 | $4.71B | -15.7% | ||
| 2014 | $5.59B | +24.1% | ||
| 2013 | $4.50B | +1.6% | ||
| 2012 | $4.43B | +11.4% | ||
| 2011 | $3.98B | -2.9% | ||
| 2010 | $4.10B | -8.3% | ||
| 2009 | $4.47B | -13.0% | ||
| 2008 | $5.13B | +13.3% | ||
| 2007 | $4.53B | +14.5% | ||
| 2006 | $3.95B | +32.4% | ||
| 2005 | $2.99B | +42.9% | ||
| 2004 | $2.09B | +5.7% | ||
| 2003 | $1.98B | +1.4% | ||
| 2002 | $1.95B | +26.3% | ||
| 2001 | $1.54B | -4.4% | ||
| 2000 | $1.61B | -3.1% | ||
| 1999 | $1.67B | -29.2% | ||
| 1998 | $2.35B | +2.4% | ||
| 1997 | $2.30B | +0.7% | ||
| 1996 | $2.28B | +77.9% | ||
| 1995 | $1.28B | -27.9% | ||
| 1994 | $1.78B | +15.5% | ||
| 1993 | $1.54B | +35.2% | ||
| 1992 | $1.14B | — |
Operating 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
As of the 2025 fiscal year, Lockheed Martin (LMT) reported operating income of $7.73B – grew 10.2% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Lockheed Martin operating income compounded at -2.2% per year, with a net decline across the window.
Lockheed Martin operating income peaked at $9.12B in 2021; the latest annual figure is $7.73B in 2025 (15.3% below peak).
The dataset's maximum operating income sits at $9.12B (2021); the minimum reading of $1.14B dates to 1992.
Among 8 Industrials peers, Lockheed Martin (LMT) ranks 6th; the peer median for operating income is $8.59B.
Lockheed Martin Operating Income by Year
Lockheed Martin Operating Income 2025: $7.73B
Lockheed Martin operating income in 2025 was $7.73B, grew 10.2% from 2024.
Lockheed Martin Operating Income 2024: $7.01B
Lockheed Martin operating income in 2024 was $7.01B, declined 17.6% below 2023.
Lockheed Martin Operating Income 2023: $8.51B
Lockheed Martin operating income in 2023 was $8.51B, edged up 1.9% from 2022.
Lockheed Martin Operating Income 2022: $8.35B
Lockheed Martin operating income in 2022 was $8.35B, declined 8.5% below 2021.
Lockheed Martin Operating Income 2021: $9.12B
Lockheed Martin operating income in 2021 was $9.12B.
See more financial history for Lockheed Martin (LMT).
Sector peers — Operating Income
Companies in the same sector as Lockheed Martin, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $11.21B | Industrials |
| Union Pacific Corporation (UNP) | $9.84B | Industrials |
| RTX Corporation (RTX) | $8.89B | Industrials |
| GE Aerospace (GE) | $8.77B | Industrials |
| Deere & Company (DE) | $8.42B | Industrials |
| Honeywell International Inc. (HON) | $6.57B | Industrials |
| Eaton Corporation plc (ETN) | $5.23B | Industrials |
| The Boeing Company (BA) | -$5.42B | Industrials |
Frequently asked questions
What is Lockheed Martin's operating income?
- Latest reported operating income for Lockheed Martin (LMT) is $7.42B (period ending March 29, 2026).
How has Lockheed Martin operating income changed year-over-year?
- Lockheed Martin (LMT) operating income changed +10.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Lockheed Martin operating income?
- Lockheed Martin (LMT) operating income compound annual growth rate is -2.2% over the most recent 5 years available.
When did Lockheed Martin operating income hit its highest annual value?
- Lockheed Martin operating income reached its highest annual value of $9.12B in 2021.
What was Lockheed Martin operating income in 2024?
- Lockheed Martin (LMT) operating income in 2024 was $7.01B.
What was Lockheed Martin operating income in 2025?
- Lockheed Martin (LMT) operating income in 2025 was $7.73B.
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