Lockheed Martin (LMT) Operating Margin (2009 - 2026)
Lockheed Martin's Operating Margin came in at 11.80% for Q3 2026, down 0.46 percentage points from 12.25% a year earlier and down 0.56 percentage points from the prior quarter.
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Analysis
Lockheed Martin (LMT) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 27, 2026, Lockheed Martin reported Operating Margin of 11.78%, up 3.46 percentage points year-over-year; for FY2025, it was 10.30%, up 0.43 percentage points from FY2024.
- Operating Margin carries a five-year change of -2.92 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 9.87% in FY2024 (-2.72 pp), 12.59% in FY2023 (-0.06 pp), 12.65% in FY2022 (-0.96 pp) and 13.61% in FY2021 (+0.39 pp).
- The five-year range for quarterly Operating Margin is 3.74% (Q4 2024) to 13.85% (Q4 2021).
- Year-over-year, Operating Margin increased in three of the last eight quarters, with an average year-over-year change of -0.16 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q2 2026 (a gain of 8.24 percentage points), and the weakest in Q4 2024 (a drop of 8.41 percentage points).
- Business Quant data shows LMT's Operating Margin at 12.36% (Q2 2026), 11.45% (Q1 2026) and 11.47% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Space Exploration Technologies | 1,722.87 Bn | 1,722.87 Bn | 9.10 Bn | 19.15% |
| 2 | General Electric | 345.20 Bn | 303.72 Bn | 5.02 Bn | -47.62% |
| 3 | Rtx | 269.97 Bn | 238.24 Bn | 5.81 Bn | 13.37% |
| 4 | Lockheed Martin | 137.94 Bn | 122.17 Bn | 2.44 Bn | 11.80% |
| 5 | Boeing | 136.62 Bn | 45.58 Bn | 2.17 Bn | 1.46% |
| 6 | General Dynamics | 98.71 Bn | 83.95 Bn | 2.25 Bn | 10.48% |
| 7 | Howmet Aerospace | 88.13 Bn | 83.88 Bn | 1.00 Bn | 28.75% |
| 8 | Motorola Solutions | 86.35 Bn | 82.81 Bn | 1.77 Bn | 23.02% |
| 9 | Northrop Grumman | 77.53 Bn | 64.99 Bn | 2.35 Bn | 11.41% |
| 10 | Honeywell International | 72.26 Bn | 31.77 Bn | 2.02 Bn | 14.82% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 27, 2026 | 11.80% |
| Jun 28, 2026 | 12.36% |
| Mar 29, 2026 | 11.45% |
| Dec 31, 2025 | 11.47% |
| Sep 28, 2025 | 12.25% |
| Jun 29, 2025 | 4.12% |
| Mar 30, 2025 | 13.20% |
| Dec 31, 2024 | 3.74% |
| Sep 29, 2024 | 12.51% |
| Jun 30, 2024 | 11.85% |
| Mar 31, 2024 | 11.80% |
| Dec 31, 2023 | 12.15% |
| Sep 24, 2023 | 12.10% |
| Jun 25, 2023 | 12.79% |
| Mar 26, 2023 | 13.47% |
| Dec 31, 2022 | 12.07% |
| Sep 25, 2022 | 13.02% |
| Jun 26, 2022 | 12.71% |
| Mar 27, 2022 | 12.92% |
| Dec 31, 2021 | 13.85% |
API Access
Lockheed Martin Operating 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=operating-margin&ticker=LMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=LMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();