Lockheed Martin (LMT) Cost of Revenue (2009 - 2026)
Lockheed Martin (LMT) posted Cost of Revenue of $17.6 billion for Q2 2026, up 10.5% on a QoQ basis from $15.9 billion in Q1 2026, and up 1.13% year-over-year from $17.4 billion in Q2 2025.
Analysis
Lockheed Martin (LMT) Cost of Revenue (2009 - 2026) Analysis & Trends
Lockheed Martin has reported Cost of Revenue for 18 years, with the latest figure at $17.6 billion in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 1.13% year-over-year to $17.6 billion in Q2 2026; TTM through Jun 2026 was $67.9 billion, a 2.95% increase from a year earlier, with the FY2025 full-year figure at $67.4 billion, up 5.17% from the prior year.
- Cost of Revenue was $17.6 billion for Q2 2026 at Lockheed Martin, up from $15.9 billion in the prior quarter.
- The five-year high for Cost of Revenue was $18.0 billion in Q4 2025, with the low at $13.1 billion in Q1 2022.
- Average Cost of Revenue over 5 years is $15.7 billion, with a median of $15.8 billion recorded in 2025.
- The sharpest annual moves came in 2022 and 2024: Cost of Revenue decreased 9.33% in 2022, then climbed 16.22% in 2024.
- Over 5 years, Cost of Revenue stood at $16.7 billion in 2022, then decreased by 0.66% to $16.6 billion in 2023, then increased by 8.16% to $17.9 billion in 2024, then advanced by 0.37% to $18.0 billion in 2025, then declined by 2.12% to $17.6 billion in 2026.
- The last three Cost of Revenue figures came in at $17.6 billion (Q2 2026), $15.9 billion (Q1 2026), and $18.0 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Lockheed Martin | 120.92 Bn | 117.12 Bn | 2.45 Bn | 17.62 Bn |
| 2 | General Dynamics | 96.29 Bn | 91.96 Bn | 6.76 Bn | 7.34 Bn |
| 3 | Motorola Solutions | 77.13 Bn | 76.43 Bn | 1.68 Bn | 1.46 Bn |
| 4 | Northrop Grumman | 73.72 Bn | 71.42 Bn | 3.72 Bn | 7.16 Bn |
| 5 | L3Harris Technologies | 45.72 Bn | 45.17 Bn | 1.50 Bn | 4.38 Bn |
| 6 | Elbit Systems | 33.81 Bn | 32.85 Bn | 579.01 Mn | 1.71 Bn |
| 7 | Teledyne Technologies | 27.98 Bn | 27.64 Bn | 738.10 Mn | 924.40 Mn |
| 8 | Curtiss Wright | 20.63 Bn | 20.15 Bn | 364.09 Mn | 559.92 Mn |
| 9 | Leidos Holdings | 16.17 Bn | 15.47 Bn | 817.00 Mn | 3.74 Bn |
| 10 | Caci International | 13.72 Bn | 13.53 Bn | 913.55 Mn | 1.80 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 17.62 Bn |
| Mar 29, 2026 | 15.94 Bn |
| Dec 31, 2025 | 18.00 Bn |
| Sep 28, 2025 | 16.37 Bn |
| Jun 29, 2025 | 17.42 Bn |
| Mar 30, 2025 | 15.64 Bn |
| Dec 31, 2024 | 17.93 Bn |
| Sep 29, 2024 | 14.99 Bn |
| Jun 30, 2024 | 15.99 Bn |
| Mar 31, 2024 | 15.20 Bn |
| Dec 31, 2023 | 16.58 Bn |
| Sep 24, 2023 | 14.83 Bn |
| Jun 25, 2023 | 14.60 Bn |
| Mar 26, 2023 | 13.08 Bn |
| Dec 31, 2022 | 16.69 Bn |
| Sep 25, 2022 | 14.46 Bn |
| Jun 26, 2022 | 13.49 Bn |
| Mar 27, 2022 | 13.06 Bn |
| Dec 31, 2021 | 15.31 Bn |
| Sep 26, 2021 | 13.73 Bn |