Lockheed Martin (LMT) Gross Margin (2009 - 2026)
Lockheed Martin (LMT) recorded Gross Margin of 11.76% in Q3 2026, down 0.28 percentage points from 12.04% a year earlier and down 0.43 percentage points from the prior quarter.
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Analysis
Lockheed Martin (LMT) Gross Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Lockheed Martin's Gross Margin came in at 11.73% as of Sep 27, 2026, up 3.57 percentage points year-over-year; for FY2025, it was 10.15%, up 0.40 percentage points from FY2024.
- Annual Gross Margin has a five-year change of -3.08 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 9.75% in FY2024 (-2.79 pp), 12.55% in FY2023 (-0.01 pp), 12.56% in FY2022 (-0.96 pp) and 13.52% in FY2021 (+0.28 pp).
- Quarterly Gross Margin has ranged from 3.71% in Q4 2024 to 13.66% in Q4 2021 over the past five years.
- On a year-over-year basis, Gross Margin rose in three of the last eight quarters, with an average year-over-year change of -0.12 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 8.15 percentage points in Q2 2026, against a drop of 8.45 percentage points in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 12.19% (Q2 2026), 11.53% (Q1 2026) and 11.43% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Space Exploration Technologies | 1,722.87 Bn | 1,722.87 Bn | 9.10 Bn | 62.42% |
| 2 | General Electric | 345.20 Bn | 303.72 Bn | 5.02 Bn | 35.57% |
| 3 | Rtx | 269.97 Bn | 238.24 Bn | 5.81 Bn | 23.25% |
| 4 | Lockheed Martin | 137.94 Bn | 122.17 Bn | 2.44 Bn | 11.76% |
| 5 | Boeing | 136.62 Bn | 45.58 Bn | 2.17 Bn | 8.96% |
| 6 | General Dynamics | 98.71 Bn | 83.95 Bn | 2.25 Bn | 15.44% |
| 7 | Howmet Aerospace | 88.13 Bn | 83.88 Bn | 1.00 Bn | 37.11% |
| 8 | Motorola Solutions | 86.35 Bn | 82.81 Bn | 1.77 Bn | 52.37% |
| 9 | Northrop Grumman | 77.53 Bn | 64.99 Bn | 2.35 Bn | 21.15% |
| 10 | Honeywell International | 72.26 Bn | 31.77 Bn | 2.02 Bn | 40.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 27, 2026 | 11.76% |
| Jun 28, 2026 | 12.19% |
| Mar 29, 2026 | 11.53% |
| Dec 31, 2025 | 11.43% |
| Sep 28, 2025 | 12.04% |
| Jun 29, 2025 | 4.04% |
| Mar 30, 2025 | 12.93% |
| Dec 31, 2024 | 3.71% |
| Sep 29, 2024 | 12.38% |
| Jun 30, 2024 | 11.75% |
| Mar 31, 2024 | 11.59% |
| Dec 31, 2023 | 12.16% |
| Sep 24, 2023 | 12.13% |
| Jun 25, 2023 | 12.52% |
| Mar 26, 2023 | 13.53% |
| Dec 31, 2022 | 12.12% |
| Sep 25, 2022 | 12.78% |
| Jun 26, 2022 | 12.66% |
| Mar 27, 2022 | 12.76% |
| Dec 31, 2021 | 13.66% |
API Access
Lockheed Martin Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=LMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "LMT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=LMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();