Lockheed Martin (LMT) Tax Rate (2009 - 2026)
Lockheed Martin (LMT) posted quarterly Tax Rate of 15.7% for Q2 2026, down 228.0% year-over-year from 12.27% in Q2 2025, and down 2.6% quarter-over-quarter from 16.12% in Q1 2026.
Lockheed Martin (LMT) Tax Rate (2009 - 2026) Analysis & Trends
Lockheed Martin's Tax Rate history runs 18 years deep, the most recent figure standing at 15.7% for Q2 2026.
- In Q2 2026, Tax Rate fell 228.0% year-over-year to 15.7%; the TTM figure through Jun 2026 stood at 15.28% (up 125.0% YoY), while the FY2025 annual figure was 15.28%, up 107.0% from the prior year.
- Tax Rate for Q2 2026 stood at 15.7%, 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.
- The 5-year median for Tax Rate is 15.54% (2024), against an average of 13.8%.
- The sharpest annual moves came in 2024 and 2025: Tax Rate slumped 1455 bps in 2024, then surged 1376 bps in 2025.
- Lockheed Martin's Tax Rate stood at 12.69% in 2022, then grew by 2 bps to 13.01% in 2023, then slumped by 112 bps to 1.54% in 2024, then surged by 892 bps to 12.21% in 2025, then climbed by 29 bps to 15.7% in 2026.
- Business Quant data shows LMT's Tax Rate at 15.7% in Q2 2026, 16.12% in Q1 2026, and 12.21% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 363.91 Bn | 354.56 Bn | 6.95 Bn | 14.53% |
| 2 | Rtx | 284.69 Bn | 276.39 Bn | 9.91 Bn | 17.98% |
| 3 | Boeing | 168.68 Bn | 148.66 Bn | 2.41 Bn | -17.26% |
| 4 | Lockheed Martin | 130.45 Bn | 126.66 Bn | 2.45 Bn | 15.70% |
| 5 | Howmet Aerospace | 109.01 Bn | 108.45 Bn | 951.00 Mn | 17.72% |
| 6 | General Dynamics | 103.38 Bn | 99.04 Bn | 6.76 Bn | 17.56% |
| 7 | Northrop Grumman | 78.42 Bn | 76.12 Bn | 3.72 Bn | 6.34% |
| 8 | TransDigm | 68.57 Bn | 65.79 Bn | 1.63 Bn | 24.26% |
| 9 | Axon Enterprise | 51.18 Bn | 50.51 Bn | 546.45 Mn | 9.97% |
| 10 | L3Harris Technologies | 49.95 Bn | 48.43 Bn | 1.50 Bn | 15.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 28, 2026 | 15.70% |
| Jun 28, 2026 | 15.70% |
| Jun 28, 2026 | 15.70% |
| Mar 29, 2026 | 16.12% |
| Mar 29, 2026 | 16.12% |
| Mar 29, 2026 | 16.12% |
| Dec 31, 2025 | 12.21% |
| Dec 31, 2025 | 12.21% |
| Dec 31, 2025 | 12.21% |
| Sep 28, 2025 | 16.46% |
| Sep 28, 2025 | 16.46% |
| Sep 28, 2025 | 16.46% |
| Jun 29, 2025 | 17.99% |
| Jun 29, 2025 | 17.99% |
| Jun 29, 2025 | 17.99% |
| Mar 30, 2025 | 15.91% |
| Mar 30, 2025 | 15.91% |
| Mar 30, 2025 | 15.91% |
| Dec 31, 2024 | -1.54% |
| Dec 31, 2024 | -1.54% |