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| Date | Value |
|---|---|
| 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 |