Lockheed Martin (LMT) Cost of Revenue (2009 - 2026)
Lockheed Martin (LMT) posted quarterly Cost of Revenue of $15.9 billion for Q1 2026, up 1.94% year-over-year from $15.6 billion in Q1 2025, and down 11.42% on a QoQ basis from $18.0 billion in Q4 2025.
Lockheed Martin (LMT) Cost of Revenue (2009 - 2026) Analysis & Trends
Lockheed Martin (LMT) has reported Cost of Revenue for 18 consecutive years, with $15.9 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Cost of Revenue rose 1.94% year-over-year to $15.9 billion; the TTM figure through Mar 2026 stood at $67.7 billion (up 4.93% YoY), while the FY2025 annual figure was $67.4 billion, up 5.17% from the prior year.
- Cost of Revenue came in at $15.9 billion for Q1 2026 at Lockheed Martin, down from $18.0 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 $15.5 billion, with a median of $15.6 billion recorded in 2025.
- Across the five-year window, Cost of Revenue dropped 9.33% in 2022 and increased 16.22% in 2024, its largest moves.
- Year by year, Cost of Revenue stood at $16.7 billion in 2022, then dropped by 0.66% to $16.6 billion in 2023, then gained by 8.16% to $17.9 billion in 2024, then grew by 0.37% to $18.0 billion in 2025, then decreased by 11.42% to $15.9 billion in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $15.9 billion, $18.0 billion, and $16.4 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Boeing | 1,106.33 Bn | 1,085.43 Bn | 2.55 Bn | 19.67 Bn |
| 2 | Rtx | 258.51 Bn | 253.40 Bn | 9.08 Bn | 13.00 Bn |
| 3 | General Dynamics | 174.86 Bn | 171.21 Bn | 9.09 Bn | 4.40 Bn |
| 4 | Lockheed Martin | 119.99 Bn | 118.10 Bn | 2.08 Bn | 15.94 Bn |
| 5 | Howmet Aerospace | 107.26 Bn | 104.82 Bn | 854.00 Mn | 1.46 Bn |
| 6 | TransDigm | 76.18 Bn | 72.30 Bn | 1.51 Bn | 1.03 Bn |
| 7 | Northrop Grumman | 73.88 Bn | 71.79 Bn | 3.45 Bn | 6.43 Bn |
| 8 | Rocket Lab | 60.59 Bn | 59.31 Bn | 76.49 Mn | 123.86 Mn |
| 9 | L3Harris Technologies | 54.60 Bn | 54.60 Bn | 1.40 Bn | 4.34 Bn |
| 10 | Heico | 50.20 Bn | 50.07 Bn | 569.53 Mn | 806.19 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2023 | 16.58 Bn |
| Dec 31, 2023 | 16.58 Bn |