Lockheed Martin (LMT) Tax Rate (2009 - 2026)
Lockheed Martin (LMT) reported Tax Rate of 15.70% for Q2 2026, down 2.28 percentage points from 17.99% a year earlier and down 0.42 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 Jun 28, 2026, Lockheed Martin's Tax Rate came in at 15.28%, up 1.25 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 -1.54% in Q4 2024 and a high of 17.99% in Q2 2025.
- Year over year, Tax Rate gained in six of the last eight quarters, with an average year-over-year change of +0.27 percentage points.
- The high point for year-over-year Tax Rate in five years was Q4 2025 (a gain of 13.76 percentage points); the low point was Q4 2024 (a drop of 14.55 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 16.12% (Q1 2026), 12.21% (Q4 2025) and 16.46% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 324.09 Bn | 278.09 Bn | 4.68 Bn | 14.53% |
| 2 | Rtx | 250.22 Bn | 223.44 Bn | 5.13 Bn | 17.98% |
| 3 | Boeing | 147.08 Bn | 53.78 Bn | 2.41 Bn | - |
| 4 | Lockheed Martin | 117.51 Bn | 104.24 Bn | 2.45 Bn | 15.70% |
| 5 | Howmet Aerospace | 90.46 Bn | 86.07 Bn | 951.00 Mn | 17.72% |
| 6 | General Dynamics | 89.77 Bn | 76.88 Bn | 2.18 Bn | 17.56% |
| 7 | Motorola Solutions | 73.88 Bn | 70.24 Bn | 1.68 Bn | 24.80% |
| 8 | Northrop Grumman | 68.68 Bn | 57.92 Bn | 2.12 Bn | 6.34% |
| 9 | Honeywell International | 66.86 Bn | 19.30 Bn | 3.65 Bn | 20.96% |
| 10 | TransDigm | 59.83 Bn | 47.91 Bn | 1.63 Bn | 24.26% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Jun 27, 2021 | 16.36% |
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();