Lockheed Martin (LMT) Operating Expenses (2010 - 2025)

Lockheed Martin (LMT) posted quarterly Operating Expenses of $66.0 million for Q2 2025, down 24.14% year-on-year from $87.0 million in Q2 2024, and down 24.14% on a QoQ basis from $87.0 million in Q2 2024.

Lockheed Martin (LMT) Operating Expenses (2010 - 2025) Analysis & Trends

Lockheed Martin (LMT) has reported Operating Expenses for 9 consecutive years, with $66.0 million the latest figure, recorded in Q2 2025.

  • Quarterly Operating Expenses fell 24.14% year-over-year to $66.0 million in Q2 2025, while the trailing twelve-month figure through Mar 2026 was $66.0 million (down 24.14% YoY) and the FY2025 annual result came in at $66.0 million, down 24.14% from the prior year.
  • Operating Expenses slipped to $66.0 million in Q2 2025 per LMT's latest filing, from $87.0 million in the prior quarter.
  • Over the last five years, Operating Expenses for LMT reached as high as $92.0 million in Q4 2023 and fell as low as $66.0 million in Q2 2025.
  • A 3-year average of $81.7 million and a median of $87.0 million in 2024 frame the typical range for Operating Expenses.
  • The largest YoY upside for Operating Expenses was 24.14% in 2025 against a maximum downside of 24.14% in 2025.
  • Year by year, Operating Expenses stood at $92.0 million in 2023, then decreased by 5.43% to $87.0 million in 2024, then decreased by 24.14% to $66.0 million in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods registered $66.0 million, $87.0 million, and $92.0 million for Q2 2025, Q2 2024, and Q4 2023 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 General Electric 370.01 Bn 360.67 Bn -3.10 Bn 10.86 Bn
2 Rtx 289.51 Bn 281.20 Bn 9.91 Bn 21.96 Bn
3 Boeing 175.23 Bn 155.21 Bn 2.41 Bn 2.35 Bn
4 Lockheed Martin 131.81 Bn 128.02 Bn 2.45 Bn -
5 Howmet Aerospace 111.46 Bn 109.03 Bn 854.00 Mn 27.00 Mn
6 General Dynamics 103.47 Bn 99.14 Bn 6.76 Bn 12.63 Bn
7 Northrop Grumman 75.90 Bn 73.59 Bn 3.72 Bn 9.78 Bn
8 TransDigm 72.86 Bn 68.97 Bn 1.51 Bn 273.00 Mn
9 L3Harris Technologies 50.70 Bn 50.11 Bn 1.40 Bn 750.00 Mn
10 Embraer 49.85 Bn 47.89 Bn - -

Historic Data

Download Data
DateValue
Jun 29, 2025 66.00 Mn
Jun 30, 2024 87.00 Mn
Dec 31, 2023 92.00 Mn
Dec 31, 2020 27.00 Mn
Jun 24, 2018 96.00 Mn
Mar 27, 2016 80.00 Mn
Dec 31, 2015 67.00 Mn
Sep 27, 2015 15.00 Mn
Jun 26, 2011 256.00 Mn
Mar 27, 2011 299.00 Mn
Jun 27, 2010 149.00 Mn
Mar 28, 2010 177.00 Mn