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
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% |
| 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% |