How does Lockheed Martin (LMT) make money?

Lockheed Martin (LMT) primarily makes money through Aeronautics, which accounts for 40.1% of total revenue. For TTM through Q1 2026, Lockheed Martin generated $75.11B in total revenue with a net profit margin of 6.4%.

What is Lockheed Martin (LMT) gross profit margin?

Lockheed Martin (LMT) reported a gross profit margin of 9.8% for TTM through Q1 2026, equivalent to $7.37B in gross profit. This means Lockheed Martin retains 9.8% of each revenue unit after direct costs of production.

What is Lockheed Martin (LMT) operating profit margin?

Lockheed Martin (LMT) reported an operating profit margin of 9.9% for TTM through Q1 2026, equivalent to $7.42B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Lockheed Martin (LMT) net profit margin?

Lockheed Martin (LMT) reported a net profit margin of 6.4% for TTM through Q1 2026, equivalent to $4.79B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Lockheed Martin (LMT) invest in R&D?

Lockheed Martin (LMT) invested $665.00M in research and development in TTM through Q1 2026 (0.9% of total revenue). R&D spending reflects investment in future products, services, and technologies.

How much does Lockheed Martin (LMT) spend on capital expenditures?

Lockheed Martin (LMT) spent $1.71B on capital expenditures in TTM through Q1 2026 (2.3% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Lockheed Martin (LMT) free cash flow?

Lockheed Martin (LMT) generated $5.66B in free cash flow for TTM through Q1 2026 (7.5% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Lockheed Martin (LMT) effective tax rate?

Lockheed Martin (LMT) had an effective tax rate of 15.3% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

How Lockheed Martin (LMT) Makes Money: A Visual Guide

Lockheed Martin (LMT) generated $75.11B in revenue, earning $4.79B in net profit (6.4% margin). Its largest revenue source is Aeronautics (40.1% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Lockheed Martin (LMT) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 29, 2026 (reported April 23, 2026).

Frequently asked questions

How does Lockheed Martin (LMT) make money?: Lockheed Martin (LMT) primarily makes money through Aeronautics, which accounts for 40.1% of total revenue. For TTM through Q1 2026, Lockheed Martin generated $75.11B in total revenue with a net profit margin of 6.4%.
What is Lockheed Martin (LMT) gross profit margin?: Lockheed Martin (LMT) reported a gross profit margin of 9.8% for TTM through Q1 2026, equivalent to $7.37B in gross profit. This means Lockheed Martin retains 9.8% of each revenue unit after direct costs of production.
What is Lockheed Martin (LMT) operating profit margin?: Lockheed Martin (LMT) reported an operating profit margin of 9.9% for TTM through Q1 2026, equivalent to $7.42B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Lockheed Martin (LMT) net profit margin?: Lockheed Martin (LMT) reported a net profit margin of 6.4% for TTM through Q1 2026, equivalent to $4.79B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Lockheed Martin (LMT) invest in R&D?: Lockheed Martin (LMT) invested $665.00M in research and development in TTM through Q1 2026 (0.9% of total revenue). R&D spending reflects investment in future products, services, and technologies.
How much does Lockheed Martin (LMT) spend on capital expenditures?: Lockheed Martin (LMT) spent $1.71B on capital expenditures in TTM through Q1 2026 (2.3% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Lockheed Martin (LMT) free cash flow?: Lockheed Martin (LMT) generated $5.66B in free cash flow for TTM through Q1 2026 (7.5% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Lockheed Martin (LMT) effective tax rate?: Lockheed Martin (LMT) had an effective tax rate of 15.3% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q1 2026.