LMT
Lockheed Martin Corporation477.06
-7.36-1.52%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
111.38BP/E (TTM)
26.59Basic EPS (TTM)
17.94Dividend Yield
0.03%Recent Filings
8-K
8-K
Q3 sales up 9%, record backlog
Lockheed Martin posted third-quarter 2025 sales of $18.6 billion, up 9% from $17.1 billion last year, fueled by F-35 volume and missile production ramps. Net earnings held steady at $1.6 billion, or $6.95 per share, while cash from operations surged to $3.7 billion, enabling $1.8 billion in shareholder returns. Backlog hit a record $179 billion. Strong demand drives growth, but tariff impacts loom.
10-Q
Q3 FY2025 results
Lockheed Martin posted solid Q3 results, with sales climbing 9% year-over-year to $18.6 billion, fueled by F-35 production and sustainment ramps alongside missile program growth; yet year-to-date sales rose just 4% to $54.7 billion amid program losses. Operating profit edged up 7% quarterly to $2.3 billion but dipped 15% year-to-date to $5.4 billion, pressured by $950 million in Aeronautics classified program charges and $665 million in RMS helicopter losses, while gross margins held at 12.0% quarterly versus 12.4% prior year. Diluted EPS came in at $6.95, down from $6.80 quarterly but with shares shrinking 2% to 232.8 million, reconciling cleanly to net earnings of $1.6 billion. Cash swelled to $3.5 billion, free cash flow hit $4.2 billion year-to-date (derived), and debt stood at $22.2 billion after a $2 billion note issuance; the Q2 acquisition of Amentum's Rapid Solutions for $360 million cash added $195 million goodwill to Space. Strong U.S. Government demand persists, but classified program risks loom large.
8-K
Credit facility maturity extended
Lockheed Martin extended its $3.0 billion revolving credit facility's maturity from August 24, 2029, to August 24, 2030, via Amendment No. 2 signed on August 28, 2025, with all lenders agreeing to the one-year push. The deal also scraps the 10 basis point credit spread adjustment on Term SOFR borrowings, easing borrowing costs amid steady market conditions. Lenders hold firm. No fees or impacts disclosed.
8-K
Lockheed Martin issues $2B notes
Lockheed Martin completed a $2 billion senior unsecured notes offering on July 28, 2025, comprising $500 million 4.150% notes due 2028, $750 million 4.400% notes due 2030, and $750 million 5.000% notes due 2035. Interest pays semi-annually starting February 2026, with optional redemption available. Proceeds target general corporate purposes, including debt repayment. This bolsters liquidity amid steady market conditions.
IPO
Employees
Sector
Industry
AIR
AAR Corp.
81.49-1.22
BA
Boeing Company (The)
206.71+1.21
BAESF
BAE Systems PLC
22.21-0.31
EADSF
Airbus SE
226.00-2.60
ESLT
Elbit Systems Ltd.
523.08+9.81
GD
General Dynamics Corporation
337.49-3.20
LHX
L3Harris Technologies, Inc.
282.85-5.68
NOC
Northrop Grumman Corporation
568.72-7.07
RTX
RTX Corporation
179.93-2.18
SPR
Spirit Aerosystems Holdings, In
39.50+0.09