Lockheed Martin LMT
NYSE LMT
$529.98 +5.52 (+1.05%)
As of: Sep 10, 2026 · 3:59 PM EDT

Lockheed Martin (LMT) Tax Rate (2009 - 2026)

Lockheed Martin (LMT) posted Tax Rate of 15.7% for Q2 2026, down 2.6% on a QoQ basis from 16.12% in Q1 2026, and down 228.0% year-over-year from 12.27% in Q2 2025.

Analysis

Lockheed Martin (LMT) Tax Rate (2009 - 2026) Analysis & Trends

Lockheed Martin has reported Tax Rate for 18 years, with the latest figure at 15.7% in Q2 2026.

  • On a quarterly basis, Tax Rate fell 228.0% year-over-year to 15.7% in Q2 2026; TTM through Jun 2026 was 15.28%, a 125.0% increase from a year earlier, with the FY2025 full-year figure at 15.28%, up 107.0% from the prior year.
  • Tax Rate was 15.7% for Q2 2026 at Lockheed Martin, down from 16.12% in the prior quarter.
  • The five-year high for Tax Rate was 17.99% in Q2 2025, with the low at 1.54% in Q4 2024.
  • Average Tax Rate over 5 years is 13.8%, with a median of 15.54% recorded in 2024.
  • The sharpest annual moves came in 2024 and 2025: Tax Rate slumped 1455 bps in 2024, then jumped 1376 bps in 2025.
  • Over 5 years, Tax Rate stood at 12.69% in 2022, then rose by 2 bps to 13.01% in 2023, then slumped by 112 bps to 1.54% in 2024, then jumped by 892 bps to 12.21% in 2025, then increased by 29 bps to 15.7% in 2026.
  • The last three Tax Rate figures came in at 15.7% (Q2 2026), 16.12% (Q1 2026), and 12.21% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Lockheed Martin 122.01 Bn 118.22 Bn 2.45 Bn 15.70%
2 General Dynamics 95.71 Bn 91.37 Bn 6.76 Bn 17.56%
3 Motorola Solutions 76.80 Bn 76.09 Bn 1.68 Bn 24.80%
4 Northrop Grumman 73.72 Bn 71.41 Bn 3.72 Bn 6.34%
5 L3Harris Technologies 46.24 Bn 44.72 Bn 1.50 Bn 15.49%
6 Elbit Systems 33.11 Bn 32.15 Bn 579.01 Mn -16.44%
7 Teledyne Technologies 27.62 Bn 27.28 Bn 738.10 Mn 21.66%
8 Curtiss Wright 20.67 Bn 20.19 Bn 364.09 Mn 22.20%
9 Leidos Holdings 16.32 Bn 15.57 Bn 817.00 Mn 21.06%
10 Caci International 13.78 Bn 13.59 Bn 913.55 Mn 21.68%
Historic Data

Historic Data

Download Data
DateValue
Jun 28, 2026 15.70%
Mar 29, 2026 16.12%
Dec 31, 2025 12.21%
Sep 28, 2025 16.46%
Jun 29, 2025 17.99%
Mar 30, 2025 15.91%
Dec 31, 2024 -1.54%
Sep 29, 2024 15.38%
Jun 30, 2024 15.76%
Mar 31, 2024 15.80%
Dec 31, 2023 13.01%
Sep 24, 2023 13.77%
Jun 25, 2023 16.20%
Mar 26, 2023 15.30%
Dec 31, 2022 12.69%
Sep 25, 2022 15.29%
Jun 26, 2022 6.36%
Mar 27, 2022 15.91%
Dec 31, 2021 17.71%
Sep 26, 2021 9.57%