LMT Lockheed Martin margins

Relative Growth: Rel. Growth: 64

Relative Strength: Rel. Strength: 70

Relative Valuation: Rel. Valuation: 72

Relative Profitability: Rel. Profitability: 71

Gross margin

11.7%

Operating margin

11.7%

EBITDA margin

13.2%

Net margin

8.2%

Current Lockheed Martin reports a gross margin of 11.7%, an operating margin of 11.7%, an EBITDA margin of 13.2%, and a net margin of 8.2%. All measured margins increased year over year, led by gross margin with an increase of 3.5 percentage points.

LMT margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Lockheed Martin's margins averaged 10.69% gross, 10.69% operating, 12.93% EBITDA, and 7.93% net. All four current margins are above their three-year averages.

LMT margin expansion

Year-over-year margin changes in percentage points

All available margins expanded year over year, led by gross and operating margins with an increase of 3.5 percentage points.

Gross margin expansion

3.5pp

Operating margin expansion

3.5pp

EBITDA margin expansion

2.7pp

Net margin expansion

2.5pp

LMT Gross margin

Over the last 3 years, Lockheed Martin's gross margin averaged 10.69%. The current gross margin of 11.7% is 1 percentage points above its three-year average. During this period, gross margin reached a high of 12.5% in Dec 2023 and a low of 8.2% in Jun 2025.

LMT Operating margin

Lockheed Martin recorded an average operating margin of 10.69% across the last 3 years. Lockheed Martin currently reports an operating margin of 11.7%, 1 percentage points above its three-year average. Over the last 3 years, Lockheed Martin's operating margin peaked at 12.5% in Dec 2023 and reached a low of 8.2% in Jun 2025.

LMT EBITDA margin

Lockheed Martin recorded an average EBITDA margin of 12.93% across the last 3 years. At present, the current EBITDA margin for Lockheed Martin is 13.2%, 0.3 percentage points above its three-year average. The EBITDA margin for Lockheed Martin moved between 10.5% in Sep 2025 and 15.5% in Dec 2023.

LMT Net margin

Lockheed Martin recorded an average net margin of 7.93% across the last 3 years. Lockheed Martin's current net margin is 8.2% and is 0.3 percentage points above its three-year average. The net margin for Lockheed Martin moved between 5.7% in Sep 2025 and 10.2% in Dec 2023.

LMT margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 11.7%, LMT stands lower than the Industrials sector, the industry and its peers average. Looking at the Industrials sector average of 32.7%, Lockheed Martin's gross margin is 64% lower.

LMT margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Lockheed Martin's gross margin?

As of Sep 27, 2026, LMT has a gross margin of 11.7%.

What is Lockheed Martin's operating margin?

The current operating margin for LMT is 11.7% as of Sep 27, 2026.

What is Lockheed Martin's EBITDA margin?

The current EBITDA margin for LMT is 13.2% as of Sep 27, 2026.

What is Lockheed Martin's net margin?

The current net margin for LMT is 8.2% as of Sep 27, 2026.

What are the average margins of LMT?

Over the past 3 years, LMT reported average margins of 10.7% gross, 10.7% operating, 12.9% EBITDA, and 7.9% net.

What are the highest historical margins of LMT?

Lockheed Martin's highest recorded margins during the past 5 years were 13.5% gross in Dec 2021, 13.5% operating in Dec 2021, 15.5% EBITDA in Dec 2023, and 10.5% net in Jun 2023.

What are the lowest historical margins of LMT?

Across the 5-year period, LMT posted its lowest margins at 8.2% gross in Jun 2025, 8.2% operating in Jun 2025, 10.5% EBITDA in Sep 2025, and 5.7% net in Sep 2025.