Lockheed Martin (LMT) Shares Outstanding (Diluted) (2009 - 2026)
Lockheed Martin (LMT) reported Shares Outstanding (Diluted) of 231.1 million for Q2 2026, down 1.4% from 234.3 million a year earlier and unchanged from the prior quarter.
Powered by 
Analysis
Lockheed Martin (LMT) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Lockheed Martin posted Shares Outstanding (Diluted) of 233.5 million, down 2.4% from FY2024.
- Shares Outstanding (Diluted) has declined for 16 consecutive years, with a five-year compound annual growth rate of -3.6% (FY2020 to FY2025).
- By year, Shares Outstanding (Diluted) came in at 239.2 million in FY2024 (-4.8%), 251.2 million in FY2023 (-5.1%), 264.6 million in FY2022 (-4.6%) and 277.4 million in FY2021 (-1.4%).
- Five-year quarterly Shares Outstanding (Diluted) spans a low of 231.1 million in Q1 2026 and a high of 277.4 million in Q4 2021.
- Year over year, Shares Outstanding (Diluted) has now declined in each of the last 66 quarters, with an average decline of 2.8% over the last eight quarters.
- Across the past five years, year-over-year decline in Shares Outstanding (Diluted) ran from 1.2% in Q3 2021 to 5.6% in Q3 2023.
- Per Business Quant data, the three quarters before Q2 2026 came in at 231.1 million (Q1 2026), 233.5 million (Q4 2025) and 232.8 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 321.31 Bn | 275.31 Bn | 4.68 Bn | 1.05 Bn |
| 2 | Rtx | 248.97 Bn | 222.19 Bn | 5.13 Bn | 1.37 Bn |
| 3 | Boeing | 152.99 Bn | 59.70 Bn | 2.41 Bn | 790.80 Mn |
| 4 | Lockheed Martin | 116.67 Bn | 103.39 Bn | 2.45 Bn | 231.10 Mn |
| 5 | Howmet Aerospace | 92.54 Bn | 88.15 Bn | 951.00 Mn | 402.00 Mn |
| 6 | General Dynamics | 89.31 Bn | 76.42 Bn | 2.18 Bn | 273.52 Mn |
| 7 | Motorola Solutions | 74.04 Bn | 70.40 Bn | 1.68 Bn | 167.20 Mn |
| 8 | Northrop Grumman | 67.90 Bn | 57.15 Bn | 2.12 Bn | 142.40 Mn |
| 9 | Honeywell International | 67.82 Bn | 20.27 Bn | 3.65 Bn | 318.60 Mn |
| 10 | TransDigm | 60.25 Bn | 48.34 Bn | 1.63 Bn | 57.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 231.10 Mn |
| Mar 29, 2026 | 231.10 Mn |
| Dec 31, 2025 | 233.50 Mn |
| Sep 28, 2025 | 232.80 Mn |
| Jun 29, 2025 | 234.30 Mn |
| Mar 30, 2025 | 235.30 Mn |
| Dec 31, 2024 | 239.20 Mn |
| Sep 29, 2024 | 238.60 Mn |
| Jun 30, 2024 | 239.60 Mn |
| Mar 31, 2024 | 241.60 Mn |
| Dec 31, 2023 | 251.20 Mn |
| Sep 24, 2023 | 250.20 Mn |
| Jun 25, 2023 | 253.60 Mn |
| Mar 26, 2023 | 255.70 Mn |
| Dec 31, 2022 | 264.60 Mn |
| Sep 25, 2022 | 265.10 Mn |
| Jun 26, 2022 | 266.70 Mn |
| Mar 27, 2022 | 269.20 Mn |
| Dec 31, 2021 | 277.40 Mn |
| Sep 26, 2021 | 277.30 Mn |
API Access
Lockheed Martin Shares Outstanding (Diluted) 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-diluted&ticker=LMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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-diluted&ticker=LMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();