Lockheed Martin (LMT) Operating Margin: History & Chart

Lockheed Martin Corporation(LMT)

Aerospace & Defense · Bethesda, MD

$526.93-2.45 (-0.46%)

Delayed quote: Sep 15, 2026, 10:15 AM EDT

About Lockheed Martin Corporation

Lockheed Martin Corporation stands as a prominent global security and aerospace enterprise, specializing in the comprehensive lifecycle of advanced technological systems. Its expertise spans the research, design, development, manufacturing, integration, and ongoing sustainment of cutting-edge products and services across the world. The company's diverse operations are structured into four key segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics division is responsible for creating and producing leading-edge combat and air mobility aircraft, alongside unmanned aerial vehicles and their related innovations. The Missiles and Fire Control segment delivers sophisticated air and missile defense systems; tactical and precision air-to-ground weapon systems; comprehensive logistics; advanced fire control; mission operations, readiness, engineering support, and integration services; both crewed and uncrewed ground vehicles; and energy management solutions. Within the Rotary and Mission Systems segment, the portfolio includes military and commercial helicopters, naval surface ships, land and sea-based missile defense systems, advanced radar technologies, maritime and airborne mission and combat systems, intricate command and control solutions, cybersecurity services, and simulation and training platforms. The Space division focuses on satellites, space transportation systems, strategic, advanced strike, and defensive missile systems, as well as classified systems and services vital for national security. This segment further enhances situational awareness through network enablement, integrating space and ground-based systems to empower customers in gathering, analyzing, and securely distributing crucial intelligence data. Lockheed Martin primarily serves the United States government, alongside fulfilling foreign military sales facilitated through U.S. government contracts. Established in 1912, the corporation maintains its headquarters in Bethesda, Maryland.

Bethesda, MD

123,000 employees

www.lockheedmartin.com

Industrials / Aerospace & Defense

Sector: Industrials
Industry: Aerospace & Defense
CEO: James D. Taiclet Jr.

View full financials

LMT Operating Margin Metrics

OPERATING MARGIN

11.88%

OPERATING MARGIN AVG TTM

10.33%

OPERATING MARGIN AVG 3Y

12.11%

OPERATING MARGIN AVG 5Y

12.57%

OPERATING MARGIN AVG 10Y

12.75%

OPERATING MARGIN AVG 15Y

12.20%

OPERATING MARGIN AVG 20Y

11.62%

CURRENT VS TTM AVG

+15.02%

CURRENT VS 3Y AVG

-1.93%

CURRENT VS 5Y AVG

-5.48%

CURRENT VS 10Y AVG

-6.81%

CURRENT VS 15Y AVG

-2.62%

CURRENT VS 20Y AVG

+2.25%

SECTOR MEDIAN · INDUSTRIALS

11.95%

median of 154 covered companies

CURRENT VS SECTOR MEDIAN

-0.54%

vs the sector median at left

NAME	MARKET CAP	OPERATING MARGIN	TTM	3Y	5Y
Lockheed Martin Corporation (LMT)	$121.61B	11.88%	10.33%	12.11%	12.57%
Parker-Hannifin Corporation (PH)vs ›	$116.71B	21.55%	21.00%	19.62%	18.83%
Siemens Energy AG (SMEGF)vs ›	$129.93B	9.00%	5.65%	-0.29%	-1.61%
General Dynamics Corporation (GD)vs ›	$95.82B	10.32%	10.12%	10.24%	10.45%
Quanta Services, Inc. (PWR)vs ›	$93.01B	6.20%	5.71%	5.61%	5.56%
Trane Technologies plc (TT)vs ›	$92.95B	17.94%	18.13%	16.94%	15.73%
Vertiv Holdings Co (VRT)vs ›	$92.17B	19.12%	17.88%	13.21%	10.99%
Eaton Corporation plc (ETN)vs ›	$153.23B	17.68%	19.30%	17.86%	16.51%
CSX Corporation (CSX)vs ›	$89.96B	34.15%	34.49%	36.59%	38.09%
Howmet Aerospace Inc. (HWM)vs ›	$89.98B	28.33%	24.16%	21.33%	19.81%

NAME

MARKET CAP

OPERATING MARGIN

TTM

Lockheed Martin Corporation (LMT)

$121.61B

11.88%

10.33%

12.11%

12.57%

Parker-Hannifin Corporation (PH)vs ›

$116.71B

21.55%

21.00%

19.62%

18.83%

Siemens Energy AG (SMEGF)vs ›

$129.93B

9.00%

5.65%

-0.29%

-1.61%

General Dynamics Corporation (GD)vs ›

$95.82B

10.32%

10.12%

10.24%

10.45%

Quanta Services, Inc. (PWR)vs ›

$93.01B

6.20%

5.71%

5.61%

5.56%

Trane Technologies plc (TT)vs ›

$92.95B

17.94%

18.13%

16.94%

15.73%

Vertiv Holdings Co (VRT)vs ›

$92.17B

19.12%

17.88%

13.21%

10.99%

Eaton Corporation plc (ETN)vs ›

$153.23B

17.68%

19.30%

17.86%

16.51%

CSX Corporation (CSX)vs ›

$89.96B

34.15%

34.49%

36.59%

38.09%

Howmet Aerospace Inc. (HWM)vs ›

$89.98B

28.33%

24.16%

21.33%

19.81%

Operating Margin FAQ

What is the operating margin for Lockheed Martin Corporation (LMT)?

The operating margin for LMT stock is 11.88%.

Is Lockheed Martin Corporation's operating margin high or low?

The operating margin of 11.88% is in line with its 5-year average of 12.57%, near the high end of its 5-year range (3.74%–14.31%).

What is the TTM average operating margin for Lockheed Martin Corporation (LMT)?

The TTM average operating margin for LMT stock is 10.33%.

What is the 3Y average operating margin for Lockheed Martin Corporation (LMT)?

The 3Y average operating margin for LMT stock is 12.11%.

What is the 5Y average operating margin for Lockheed Martin Corporation (LMT)?

The 5Y average operating margin for LMT stock is 12.57%.

What is the 10Y average operating margin for Lockheed Martin Corporation (LMT)?

The 10Y average operating margin for LMT stock is 12.75%.

What is the 15Y average operating margin for Lockheed Martin Corporation (LMT)?

The 15Y average operating margin for LMT stock is 12.20%.

What is the 20Y average operating margin for Lockheed Martin Corporation (LMT)?

The 20Y average operating margin for LMT stock is 11.62%.

DATE	OPERATING MARGIN
2026-06-28	12.36%
2026-03-29	11.45%
2025-12-31	11.47%
2025-09-28	12.25%
2025-06-29	4.12%
2025-03-30	13.20%
2024-12-31	3.74%
2024-09-29	12.51%
2024-06-30	11.85%
2024-03-31	11.80%
2023-12-31	12.15%
2023-09-24	12.10%
2023-06-25	12.79%
2023-03-26	13.47%
2022-12-31	12.07%
2022-09-25	13.02%
2022-06-26	12.66%
2022-03-27	12.92%
2021-12-31	13.85%
2021-09-26	14.31%
2021-06-27	12.87%
2021-03-28	13.42%
2020-12-31	13.44%
2020-09-27	13.02%
2020-06-28	12.86%
2020-03-29	13.56%
2019-12-31	13.53%
2019-09-29	13.88%
2019-06-30	13.92%
2019-03-31	15.92%
2018-12-31	12.84%
2018-09-30	13.71%
2018-06-24	13.40%
2018-03-25	14.83%
2017-12-31	12.28%
2017-09-24	11.57%
2017-06-25	11.82%
2017-03-26	10.39%
2016-12-31	10.38%
2016-09-25	13.75%
2016-06-26	11.88%
2016-03-27	11.17%
2015-12-31	9.92%
2015-09-27	11.85%
2015-06-28	12.41%
2015-03-29	13.41%
2014-12-31	10.71%
2014-09-28	12.52%
2014-06-29	12.61%
2014-03-30	13.45%
2013-12-31	7.23%
2013-09-29	11.05%
2013-06-30	11.38%
2013-03-31	10.11%
2012-12-31	9.29%
2012-09-30	9.58%
2012-06-24	10.00%
2012-03-25	8.93%
2011-12-31	8.86%
2011-09-25	8.59%
2011-06-26	8.60%
2011-03-27	8.13%
2010-12-31	10.46%
2010-09-26	7.82%
2010-06-27	9.92%
2010-03-28	9.23%
2009-12-31	9.91%
2009-09-27	9.81%
2009-06-28	9.64%
2009-03-29	10.19%
2008-12-31	12.11%
2008-09-28	11.74%
2008-06-29	12.35%
2008-03-30	11.80%
2007-12-31	11.21%
2007-09-30	10.48%
2007-06-30	11.56%
2007-03-31	11.02%
2006-12-31	10.46%
2006-09-30	9.42%
2006-06-30	9.47%
2006-03-31	8.25%
2005-12-31	8.66%
2005-09-30	7.67%
2005-06-30	7.08%
2005-03-31	6.39%
2004-12-31	5.73%
2004-09-30	6.13%
2004-06-30	6.07%
2004-03-31	5.61%
2003-12-31	6.19%
2003-09-30	6.66%
2003-06-30	5.32%
2003-03-31	6.69%
2002-12-31	6.11%
2002-09-30	8.45%

DATE

OPERATING MARGIN

2026-06-28

12.36%

2026-03-29

11.45%

2025-12-31

11.47%

2025-09-28

12.25%

2025-06-29

4.12%

2025-03-30

13.20%

2024-12-31

3.74%

2024-09-29

12.51%

2024-06-30

11.85%

2024-03-31

11.80%

2023-12-31

12.15%

2023-09-24

12.10%

2023-06-25

12.79%

2023-03-26

13.47%

2022-12-31

12.07%

2022-09-25

13.02%

2022-06-26

12.66%

2022-03-27

12.92%

2021-12-31

13.85%

2021-09-26

14.31%

2021-06-27

12.87%

2021-03-28

13.42%

2020-12-31

13.44%

2020-09-27

13.02%

2020-06-28

12.86%

2020-03-29

13.56%

2019-12-31

13.53%

2019-09-29

13.88%

2019-06-30

13.92%

2019-03-31

15.92%

2018-12-31

12.84%

2018-09-30

13.71%

2018-06-24

13.40%

2018-03-25

14.83%

2017-12-31

12.28%

2017-09-24

11.57%

2017-06-25

11.82%

2017-03-26

10.39%

2016-12-31

10.38%

2016-09-25

13.75%

2016-06-26

11.88%

2016-03-27

11.17%

2015-12-31

9.92%

2015-09-27

11.85%

2015-06-28

12.41%

2015-03-29

13.41%

2014-12-31

10.71%

2014-09-28

12.52%

2014-06-29

12.61%

2014-03-30

13.45%

2013-12-31

7.23%

2013-09-29

11.05%

2013-06-30

11.38%

2013-03-31

10.11%

2012-12-31

9.29%

2012-09-30

9.58%

2012-06-24

10.00%

2012-03-25

8.93%

2011-12-31

8.86%

2011-09-25

8.59%

2011-06-26

8.60%

2011-03-27

8.13%

2010-12-31

10.46%

2010-09-26

7.82%

2010-06-27

9.92%

2010-03-28

9.23%

2009-12-31

9.91%

2009-09-27

9.81%

2009-06-28

9.64%

2009-03-29

10.19%

2008-12-31

12.11%

2008-09-28

11.74%

2008-06-29

12.35%

2008-03-30

11.80%

2007-12-31

11.21%

2007-09-30

10.48%

2007-06-30

11.56%

2007-03-31

11.02%

2006-12-31

10.46%

2006-09-30

9.42%

2006-06-30

9.47%

2006-03-31

8.25%

2005-12-31

8.66%

2005-09-30

7.67%

2005-06-30

7.08%

2005-03-31

6.39%

2004-12-31

5.73%

2004-09-30

6.13%

2004-06-30

6.07%

2004-03-31

5.61%

2003-12-31

6.19%

2003-09-30

6.66%

2003-06-30

5.32%

2003-03-31

6.69%

2002-12-31

6.11%

2002-09-30

8.45%

Operating Margin: 11.88%

LMT Operating Margin

LMT Average Operating Margin Chart

LMT Current vs Average Operating Margin Chart

LMT Operating Margin Metrics

LMT Competitors' Operating Margin

Operating Efficiency

Operating Margin Formula & Definition

Operating Margin FAQ

LMT Operating Margin History

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