Lockheed Martin (LMT) Operating Margin (2009 - 2026)

Lockheed Martin's Operating Margin history runs 18 years deep, the most recent figure standing at 11.45% for Q1 2026.

• In Q1 2026, Operating Margin fell 176.0% year-over-year to 11.45%; the TTM figure through Mar 2026 stood at 9.88% (down 36.0% YoY), while the FY2025 annual figure was 10.3%, up 43.0% from the prior year.
• Operating Margin was 11.45% for Q1 2026 at Lockheed Martin, roughly flat from 11.47% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 13.47% in Q1 2023 to a low of 3.74% in Q4 2024.
• Historically, Operating Margin has averaged 11.39% across 5 years, with a median of 12.15% in 2023.
• The sharpest annual moves came in 2024 and 2025: Operating Margin tumbled 841 bps in 2024, then surged 773 bps in 2025.
• A 5-year view of Operating Margin shows it stood at 12.07% in 2022, then rose by 1 bps to 12.15% in 2023, then tumbled by 69 bps to 3.74% in 2024, then soared by 207 bps to 11.47% in 2025, then declined by 0 bps to 11.45% in 2026.
• The last three Operating Margin figures came in at 11.45% (Q1 2026), 11.47% (Q4 2025), and 12.25% (Q3 2025), per Business Quant data.