Lockheed Martin (LMT) Tax Rate (2009 - 2026)
Lockheed Martin (LMT) reported Tax Rate of 15.06% for Q3 2026, down 1.41 percentage points from 16.46% a year earlier and down 0.65 percentage points from the prior quarter.
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Analysis
Lockheed Martin (LMT) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 27, 2026, Lockheed Martin's Tax Rate came in at 14.92%, up 0.46 percentage points year-over-year; for FY2025, it came in at 15.28%, up 1.07 percentage points from FY2024.
- Tax Rate has a five-year change of -1.08 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 14.21% in FY2024 (-0.33 pp), 14.55% in FY2023 (+0.36 pp), 14.19% in FY2022 (-2.17 pp) and 16.36% in FY2021 (unchanged).
- Five-year quarterly Tax Rate spans a low of 6.36% in Q2 2022 and a high of 17.99% in Q2 2025.
- Year over year, Tax Rate gained in four of the last six quarters, with an average year-over-year change of -0.01 percentage points.
- The high point for year-over-year Tax Rate in five years was Q2 2023 (a gain of 9.84 percentage points); the low point was Q2 2022 (a drop of 10.00 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 15.70% (Q2 2026), 16.12% (Q1 2026) and 12.21% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Space Exploration Technologies | 1,943.02 Bn | 1,704.73 Bn | 9.10 Bn | - |
| 2 | General Electric | 349.37 Bn | 308.11 Bn | 5.02 Bn | 13.73% |
| 3 | Rtx | 270.29 Bn | 240.28 Bn | 5.81 Bn | 17.96% |
| 4 | Lockheed Martin | 139.31 Bn | 123.54 Bn | 2.44 Bn | 15.06% |
| 5 | Boeing | 137.40 Bn | 46.38 Bn | 2.17 Bn | - |
| 6 | General Dynamics | 99.29 Bn | 84.52 Bn | 2.25 Bn | 17.29% |
| 7 | Motorola Solutions | 87.28 Bn | 83.77 Bn | 1.77 Bn | 24.19% |
| 8 | Howmet Aerospace | 87.15 Bn | 82.91 Bn | 1.00 Bn | 21.36% |
| 9 | Northrop Grumman | 77.96 Bn | 65.41 Bn | 2.35 Bn | 13.41% |
| 10 | Honeywell International | 72.44 Bn | 32.19 Bn | 2.02 Bn | 6.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 27, 2026 | 15.06% |
| 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% |
| 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% |
API Access
Lockheed Martin Tax Rate 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=tax-rate&ticker=LMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=LMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();