Shares Outstanding for Lockheed Martin (LMT)
According to Lockheed Martin's latest reported financial statements, the company's latest reported diluted shares outstanding is 231.10M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingShares OutstandingSwitch metric
Latest period
231.10M
YoY change
-3.1%
5Y CAGR
-3.8%
Peak year (2002)
452.00M
Latest annual
231.90M
Shares Outstanding history chart for Lockheed Martin (LMT) from 1992 to 2025
Shares Outstanding history table for Lockheed Martin (LMT) from 1992 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 231.90M | -3.1% | ||
| 2024 | 239.20M | -4.8% | ||
| 2023 | 251.20M | -5.1% | ||
| 2022 | 264.60M | -4.6% | ||
| 2021 | 277.40M | -1.4% | ||
| 2020 | 281.20M | -0.9% | ||
| 2019 | 283.80M | -1.0% | ||
| 2018 | 286.80M | -1.3% | ||
| 2017 | 290.60M | -4.1% | ||
| 2016 | 303.10M | -3.7% | ||
| 2015 | 314.70M | -2.4% | ||
| 2014 | 322.40M | -1.3% | ||
| 2013 | 326.50M | -0.6% | ||
| 2012 | 328.40M | -3.4% | ||
| 2011 | 339.90M | -7.7% | ||
| 2010 | 368.30M | -5.3% | ||
| 2009 | 388.90M | -5.0% | ||
| 2008 | 409.40M | -4.1% | ||
| 2007 | 427.10M | -2.1% | ||
| 2006 | 436.40M | -2.1% | ||
| 2005 | 445.70M | -0.3% | ||
| 2004 | 447.10M | -0.6% | ||
| 2003 | 450.00M | -0.4% | ||
| 2002 | 452.00M | +4.5% | ||
| 2001 | 432.50M | +7.5% | ||
| 2000 | 402.33M | +4.3% | ||
| 1999 | 385.86M | +1.2% | ||
| 1998 | 381.10M | +2.8% | ||
| 1997 | 370.60M | -16.3% | ||
| 1996 | 442.60M | +0.1% | ||
| 1995 | 442.00M | +1.2% | ||
| 1994 | 436.60M | -1.3% | ||
| 1993 | 442.20M | +12.7% | ||
| 1992 | 392.20M | — |
Shares Outstanding 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) diluted shares outstanding is 231.90M – edged down 3.1% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Lockheed Martin diluted shares outstanding compounded at -3.8% per year, with a net decline across the window.
Lockheed Martin diluted shares outstanding plunged from 452.00M in 2002 to 231.90M in 2025, a 48.7% drawdown.
2002 marks the peak diluted shares outstanding at 452.00M, with the historical low of 231.90M recorded in 2025.
Within Industrials, Lockheed Martin (LMT) ranks 9th among 8 peers we track. The peer median for diluted shares outstanding is 618.15M.
Lockheed Martin Shares Outstanding by Year
Lockheed Martin Shares Outstanding 2025: 231.90M
Lockheed Martin diluted shares outstanding in 2025 was 231.90M, edged down 3.1% below 2024. This figure represents the lowest annual value in the available history.
Lockheed Martin Shares Outstanding 2024: 239.20M
Lockheed Martin diluted shares outstanding in 2024 was 239.20M, edged down 4.8% below 2023.
Lockheed Martin Shares Outstanding 2023: 251.20M
Lockheed Martin diluted shares outstanding in 2023 was 251.20M, declined 5.1% below 2022.
Lockheed Martin Shares Outstanding 2022: 264.60M
Lockheed Martin diluted shares outstanding in 2022 was 264.60M, edged down 4.6% below 2021.
Lockheed Martin Shares Outstanding 2021: 277.40M
Lockheed Martin diluted shares outstanding in 2021 was 277.40M.
See more financial history for Lockheed Martin (LMT).
Sector peers — Shares Outstanding
Companies in the same sector as Lockheed Martin, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| RTX Corporation (RTX) | 1.36B | Industrials |
| GE Aerospace (GE) | 1.07B | Industrials |
| The Boeing Company (BA) | 762.30M | Industrials |
| Honeywell International Inc. (HON) | 642.80M | Industrials |
| Union Pacific Corporation (UNP) | 593.50M | Industrials |
| Caterpillar Inc. (CAT) | 469.00M | Industrials |
| Eaton Corporation plc (ETN) | 389.50M | Industrials |
| Deere & Company (DE) | 271.70M | Industrials |
Frequently asked questions
What is Lockheed Martin's diluted shares outstanding?
- Latest reported diluted shares outstanding for Lockheed Martin (LMT) is 231.10M (period ending March 29, 2026).
How has Lockheed Martin diluted shares outstanding changed year-over-year?
- Lockheed Martin (LMT) diluted shares outstanding changed -3.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Lockheed Martin diluted shares outstanding?
- Lockheed Martin (LMT) diluted shares outstanding compound annual growth rate is -3.8% over the most recent 5 years available.
When did Lockheed Martin diluted shares outstanding hit its highest annual value?
- Lockheed Martin diluted shares outstanding reached its highest annual value of 452.00M in 2002.
What was Lockheed Martin diluted shares outstanding in 2024?
- Lockheed Martin (LMT) diluted shares outstanding in 2024 was 239.20M.
What was Lockheed Martin diluted shares outstanding in 2025?
- Lockheed Martin (LMT) diluted shares outstanding in 2025 was 231.90M.
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