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Operating Margin for Lockheed Martin (LMT)

As of · Reported

Metric

TTM

9.9%

YoY change

+0.43pp

Trough year (1995)

5.6%

Peak year (2019)

14.3%

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

Latest: 10.3%

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

Latest: +0.43pp

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

  • 202510.3%+0.43pp
  • 20249.9%-2.72pp
  • 202312.6%-0.06pp
  • 202212.7%-0.96pp
  • 202113.6%+0.39pp
  • 202013.2%-1.07pp
  • 201914.3%+0.64pp
  • 201813.6%+0.14pp
  • 201713.5%+1.05pp
  • 201612.5%+0.83pp
  • 201511.6%-2.37pp
  • 201414.0%+4.07pp
  • 20139.9%+0.53pp
  • 20129.4%+0.84pp
  • 20118.6%-0.39pp
  • 20108.9%-0.94pp
  • 20099.9%-2.12pp
  • 200812.0%+1.19pp
  • 200710.8%+0.84pp
  • 200610.0%+1.95pp
  • 20058.0%+2.14pp
  • 20045.9%-0.33pp
  • 20036.2%-1.12pp
  • 20027.3%+0.90pp
  • 20016.4%+0.06pp
  • 20006.4%-0.15pp
  • 19996.5%-2.43pp
  • 19989.0%+0.77pp
  • 19978.2%-0.30pp
  • 19968.5%+2.88pp
  • 19955.6%-2.16pp
  • 19947.8%+0.89pp
  • 19936.9%-0.23pp
  • 19927.1%—

Operating 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 Operating Margin at Lockheed Martin (LMT)

According to Lockheed Martin's latest reported financial statements, the company's latest reported operating margin is 9.9%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

2025's annual operating margin for Lockheed Martin (LMT) came in at 10.30% – expanded 0.4 percentage points year-over-year.

14.29% stands as the all-time-high annual operating margin, posted in 2019, against a low of 5.61% during 1995.

Lockheed Martin Operating Margin by Year

Lockheed Martin Operating Margin 2025: 10.3%

2025's operating margin for Lockheed Martin came in at 10.30%, expanded 0.4 percentage points from 2024.

Lockheed Martin Operating Margin 2024: 9.9%

Lockheed Martin posted operating margin of 9.87% in 2024, contracted 2.7 percentage points from 2023.

Lockheed Martin Operating Margin 2023: 12.6%

In 2023, Lockheed Martin reported operating margin of 12.59%, contracted 0.1 percentage points from 2022.

Lockheed Martin Operating Margin 2022: 12.7%

Lockheed Martin operating margin in 2022 was 12.65%, contracted 1.0 percentage points from 2021.

Lockheed Martin Operating Margin 2021: 13.6%

Lockheed Martin operating margin in 2021 was 13.61%.

See more financial history for Lockheed Martin (LMT).

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