Lockheed Martin (LMT) Shares Outstanding (2009 - 2026)
Lockheed Martin (LMT) recorded Shares Outstanding of 230.2 million in Q2 2026, down 1.4% from 233.5 million a year earlier but up 0.1% from the prior quarter.
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Analysis
Lockheed Martin (LMT) Shares Outstanding (2009 - 2026) Analysis & Trends
For FY2025, Lockheed Martin reported Shares Outstanding of 232.7 million, down 2.3% from FY2024.
- Annual Shares Outstanding has declined for 16 straight years, with a five-year compound annual growth rate of -3.6% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding came in at 238.3 million in FY2024 (-4.8%), 250.3 million in FY2023 (-5.1%), 263.7 million in FY2022 (-4.6%) and 276.4 million in FY2021 (-1.3%).
- Quarterly Shares Outstanding has ranged from 229.9 million in Q1 2026 to 276.4 million in Q4 2021 over the past five years.
- On a year-over-year basis, Shares Outstanding has declined for 66 consecutive quarters, with an average decline of 2.8% over the last eight quarters.
- The year-over-year decline in Shares Outstanding has ranged between 1.1% (Q3 2021) and 5.6% (Q3 2023) over the last five years.
- Per Business Quant, the preceding three quarters came in at 229.9 million (Q1 2026), 232.7 million (Q4 2025) and 231.9 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 324.09 Bn | 278.09 Bn | 4.68 Bn | 1.04 Bn |
| 2 | Rtx | 250.22 Bn | 223.44 Bn | 5.13 Bn | 1.35 Bn |
| 3 | Boeing | 147.08 Bn | 53.78 Bn | 2.41 Bn | 790.80 Mn |
| 4 | Lockheed Martin | 117.51 Bn | 104.24 Bn | 2.45 Bn | 230.20 Mn |
| 5 | Howmet Aerospace | 90.46 Bn | 86.07 Bn | 951.00 Mn | 400.00 Mn |
| 6 | General Dynamics | 89.77 Bn | 76.88 Bn | 2.18 Bn | 270.16 Mn |
| 7 | Motorola Solutions | 73.88 Bn | 70.24 Bn | 1.68 Bn | 165.80 Mn |
| 8 | Northrop Grumman | 68.68 Bn | 57.92 Bn | 2.12 Bn | 142.10 Mn |
| 9 | Honeywell International | 66.86 Bn | 19.30 Bn | 3.65 Bn | 317.10 Mn |
| 10 | TransDigm | 59.83 Bn | 47.91 Bn | 1.63 Bn | 57.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 230.20 Mn |
| Mar 29, 2026 | 229.90 Mn |
| Dec 31, 2025 | 232.70 Mn |
| Sep 28, 2025 | 231.90 Mn |
| Jun 29, 2025 | 233.50 Mn |
| Mar 30, 2025 | 234.40 Mn |
| Dec 31, 2024 | 238.30 Mn |
| Sep 29, 2024 | 237.50 Mn |
| Jun 30, 2024 | 238.90 Mn |
| Mar 31, 2024 | 240.70 Mn |
| Dec 31, 2023 | 250.30 Mn |
| Sep 24, 2023 | 249.30 Mn |
| Jun 25, 2023 | 252.80 Mn |
| Mar 26, 2023 | 254.70 Mn |
| Dec 31, 2022 | 263.70 Mn |
| Sep 25, 2022 | 264.10 Mn |
| Jun 26, 2022 | 265.80 Mn |
| Mar 27, 2022 | 268.30 Mn |
| Dec 31, 2021 | 276.40 Mn |
| Sep 26, 2021 | 276.20 Mn |
API Access
Lockheed Martin Shares Outstanding 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=shares-outstanding&ticker=LMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "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=shares-outstanding&ticker=LMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();