{ "ok": true, "cik": "936468", "ticker": "LMT", "name": "LOCKHEED MARTIN CORPORATION", "filings": [ { "form": "8-K", "filed": "2026-08-28", "items": [ "1.01 Entry into a Material Definitive Agreement", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/936468/000119312526371750/0001193125-26-371750-index.htm" }, { "form": "10-Q", "filed": "2026-07-23", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/936468/000162828026049411/0001628280-26-049411-index.htm" }, { "form": "8-K", "filed": "2026-07-23", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/936468/000162828026049277/0001628280-26-049277-index.htm" }, { "form": "8-K", "filed": "2026-05-13", "items": [ "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/936468/000093646826000011/0000936468-26-000011-index.htm" }, { "form": "10-Q", "filed": "2026-04-23", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/936468/000162828026026836/0001628280-26-026836-index.htm" }, { "form": "8-K", "filed": "2026-04-23", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/936468/000162828026026683/0001628280-26-026683-index.htm" } ], "events12m": 8, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000936468.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=936468" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up LOCKHEED MARTIN CORPORATION ($LMT). Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-08-28. 8 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 75048000000, "revenueGrowth1y": 0.0563743085173769, "revenueGrowthPerYear": 0.028595929612570403, "yearsOfData": 5, "operatingMargin": 0.10301407099456347, "operatingMarginPrior": 0.09871486282955393, "netMargin": 0.06685054898198486, "operatingCashFlow": 8557000000, "capitalSpending": null, "freeCashFlow": null, "researchAndDevelopment": 2000000000, "researchShareOfRevenue": 0.026649610915680633, "cash": 4121000000, "longTermDebt": 21700000000, "longTermDebtChange": 0.07054760730143061, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 67044000000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 65984000000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 67571000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 71043000000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 75048000000 } ], "totalEquity": 6721000000, "totalAssets": 59840000000, "equityRatio": 0.11231617647058824, "returnOnEquity": 0.746466299657789, "dividendsPaid": 3131000000, "payoutRatio": 0.624078134343233, "dividendPerShare": 13.35, "dividendYearsRising": 18, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 62290160930.955215, "high": 89384489534.27304, "baseline": 78808401987.54456, "n": 1471, "band": "b10" }, "ifPaceHeld": { "low": 62290160930.955215, "high": 89384489534.27304 } }, "edgarette": "🔖 Exposure: revenue $75.0B (FY2025), total debt $21.7B. Experience: revenue up 5.6% on the year, up 2.9% a year over 4 years; operating margin 10.3%, up from 9.9%. Soundness: equity 11.2% of assets, return on equity 74.6%, payout 62.4% of profit, dividend per share up 18 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $62.3B and $89.4B next year (method v3, set from 1,471 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (75 filers, $50M+ revenue, its industry group): operating margin 10.3% against a 4.8% median; growth 5.6% against 4.9%.", "peers": { "sic": 3760, "sicDescription": "Guided Missiles & Space Vehicles & Parts", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "37", "growth": [ 0.0488, 81 ], "opMargin": [ 0.0479, 75 ], "equityRatio": [ 0.3979, 77 ], "returnOnEquity": [ 0.0627, 68 ], "payoutRatio": [ 0.3379, 32 ] }, "summary": "Lockheed Martin (LMT) grew revenue 5.6% in FY2025 to $75.0 billion, operating margin 10.3% against a 4.8% median for guided missiles & space vehicles & parts, equity 11.2% of assets, and dividend per share up 18 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
LOCKHEED MARTIN CORPORATION against its own record and its peers
Operating marginPeer median 4.8%10.3%Revenue, on the yearPeer median 4.9%5.6%Equity of assetsPeer median 39.8%11.2%Return on equityPeer median 6.3%74.6%Payout of profitPeer median 33.8%62.4%Gold tick: the median of 32–77 peers with $50M+ revenue in guided missiles & space vehicles & parts
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profit62.4% paid out37.6% keptHanded back per share$13.35up 18 years runningGrowth its own profit can fund28.1%retained x return on equityRevenue growth it managed5.6%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 15, "hits": 14, "rate": 0.9333333333333333, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:19:29.390Z", "hash": "f9e95f1670040e20", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Lockheed Martin (LMT) grew revenue 5.6% in FY2025 to $75.0 billion, operating margin 10.3% against a 4.8% median for guided missiles & space vehicles & parts, equity 11.2% of assets, and dividend per share up 18 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 75048000000, "totalDebt": 21700000000, "cash": 4121000000 }, "experience": { "revenueGrowth1y": 0.0563743085173769, "revenueGrowthPerYear": 0.028595929612570403, "operatingMargin": 0.10301407099456347, "operatingMarginPrior": 0.09871486282955393, "netMargin": 0.06685054898198486, "freeCashFlow": null }, "soundness": { "equityRatio": 0.11231617647058824, "returnOnEquity": 0.746466299657789, "payoutRatio": 0.624078134343233, "dividendPerShare": 13.35, "dividendYearsRising": 18, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 3760, "sicDescription": "Guided Missiles & Space Vehicles & Parts", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "37", "growth": [ 0.0488, 81 ], "opMargin": [ 0.0479, 75 ], "equityRatio": [ 0.3979, 77 ], "returnOnEquity": [ 0.0627, 68 ], "payoutRatio": [ 0.3379, 32 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "range": { "low": 62290160930.955215, "high": 89384489534.27304, "baseline": 78808401987.54456, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 1471, "sizeBand": "b10" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 15, "hits": 14, "rate": 0.9333333333333333, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:19:29.390Z", "hash": "f9e95f1670040e20", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000936468.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=936468" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }