Lockheed Martin (LMT) Cost of Revenue (2009 - 2026)

Lockheed Martin (LMT) posted quarterly Cost of Revenue of $17.6 billion for Q2 2026, up 1.13% year-on-year from $17.4 billion in Q2 2025, and up 10.5% on a QoQ basis from $15.9 billion in Q1 2026.

Lockheed Martin (LMT) Cost of Revenue (2009 - 2026) Analysis & Trends

Lockheed Martin (LMT) has reported Cost of Revenue for 18 consecutive years, with $17.6 billion the latest figure, recorded in Q2 2026.

  • Quarterly Cost of Revenue rose 1.13% year-over-year to $17.6 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $67.9 billion (up 2.95% YoY) and the FY2025 annual result came in at $67.4 billion, up 5.17% from the prior year.
  • Cost of Revenue advanced to $17.6 billion in Q2 2026 per LMT's latest filing, from $15.9 billion in the prior quarter.
  • Over the last five years, Cost of Revenue for LMT reached as high as $18.0 billion in Q4 2025 and fell as low as $13.1 billion in Q1 2022.
  • A 5-year average of $15.7 billion and a median of $15.8 billion in 2025 frame the typical range for Cost of Revenue.
  • Annual changes were most pronounced in 2022 — Cost of Revenue decreased 9.33% — and 2024, when it climbed 16.22%.
  • Year by year, Cost of Revenue stood at $16.7 billion in 2022, then slipped by 0.66% to $16.6 billion in 2023, then rose by 8.16% to $17.9 billion in 2024, then climbed by 0.37% to $18.0 billion in 2025, then fell by 2.12% to $17.6 billion in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $17.6 billion, $15.9 billion, and $18.0 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 General Electric 370.01 Bn 360.67 Bn -3.10 Bn 3.82 Bn
2 Rtx 289.51 Bn 281.20 Bn 9.91 Bn 14.80 Bn
3 Boeing 175.23 Bn 155.21 Bn 2.41 Bn 22.15 Bn
4 Lockheed Martin 131.81 Bn 128.02 Bn 2.45 Bn 17.62 Bn
5 Howmet Aerospace 111.46 Bn 109.03 Bn 854.00 Mn 1.46 Bn
6 General Dynamics 103.47 Bn 99.14 Bn 6.76 Bn 7.34 Bn
7 Northrop Grumman 75.90 Bn 73.59 Bn 3.72 Bn 7.16 Bn
8 TransDigm 72.86 Bn 68.97 Bn 1.51 Bn 1.03 Bn
9 L3Harris Technologies 50.70 Bn 50.11 Bn 1.40 Bn 4.34 Bn
10 Embraer 49.85 Bn 47.89 Bn - -

Historic Data

Download Data
DateValue
Jun 28, 2026 17.62 Bn
Jun 28, 2026 17.62 Bn
Mar 29, 2026 15.94 Bn
Mar 29, 2026 15.94 Bn
Dec 31, 2025 18.00 Bn
Dec 31, 2025 18.00 Bn
Sep 28, 2025 16.37 Bn
Sep 28, 2025 16.37 Bn
Jun 29, 2025 17.42 Bn
Jun 29, 2025 17.42 Bn
Mar 30, 2025 15.64 Bn
Mar 30, 2025 15.64 Bn
Dec 31, 2024 17.93 Bn
Dec 31, 2024 17.93 Bn
Sep 29, 2024 14.99 Bn
Sep 29, 2024 14.99 Bn
Jun 30, 2024 15.99 Bn
Jun 30, 2024 15.99 Bn
Mar 31, 2024 15.20 Bn
Mar 31, 2024 15.20 Bn