Lockheed Martin (LMT) Operating Margin (2009 - 2026)
Lockheed Martin (LMT) posted quarterly Operating Margin of 12.36% for Q2 2026, up 824.0% year-on-year from 1.34% in Q2 2025, and up 7.93% on a QoQ basis from 11.45% in Q1 2026.
Lockheed Martin (LMT) Operating Margin (2009 - 2026) Analysis & Trends
Lockheed Martin (LMT) has reported Operating Margin for 18 consecutive years, with 12.36% the latest figure, recorded in Q2 2026.
- Quarterly Operating Margin rose 824.0% year-over-year to 12.36% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 11.88% (up 359.0% YoY) and the FY2025 annual result came in at 10.3%, up 43.0% from the prior year.
- Operating Margin grew to 12.36% in Q2 2026 per LMT's latest filing, from 11.45% in the prior quarter.
- Over the last five years, Operating Margin for LMT reached as high as 13.47% in Q1 2023 and fell as low as 3.74% in Q4 2024.
- A 5-year average of 11.44% and a median of 12.2% in 2023 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2024 — Operating Margin slumped 841 bps — and 2026, when it jumped 824 bps.
- Year by year, Operating Margin stood at 12.07% in 2022, then advanced by 1 bps to 12.15% in 2023, then tumbled by 69 bps to 3.74% in 2024, then surged by 207 bps to 11.47% in 2025, then gained by 8 bps to 12.36% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 12.36%, 11.45%, and 11.47% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 368.87 Bn | 359.52 Bn | -3.10 Bn | -1,952.73% |
| 2 | Rtx | 286.73 Bn | 278.42 Bn | 9.91 Bn | 11.38% |
| 3 | Boeing | 169.21 Bn | 149.19 Bn | 2.41 Bn | 0.64% |
| 4 | Lockheed Martin | 131.65 Bn | 127.86 Bn | 2.45 Bn | 12.36% |
| 5 | Howmet Aerospace | 111.58 Bn | 109.15 Bn | 854.00 Mn | 32.56% |
| 6 | General Dynamics | 102.31 Bn | 97.98 Bn | 6.76 Bn | 10.36% |
| 7 | Northrop Grumman | 75.66 Bn | 73.35 Bn | 3.72 Bn | 10.08% |
| 8 | TransDigm | 72.31 Bn | 68.42 Bn | 1.51 Bn | 46.31% |
| 9 | L3Harris Technologies | 50.64 Bn | 50.05 Bn | 1.40 Bn | 11.35% |
| 10 | Heico | 49.30 Bn | 49.09 Bn | 569.53 Mn | 25.47% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Sep 26, 2021 | 14.31% |