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
DateValue
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