# LOCKHEED MARTIN CORPORATION (LMT) FY2025 Annual P&L / Income Statement - Company: LOCKHEED MARTIN CORPORATION (LMT) - Period: 2025-01-01 to 2025-12-31 - Filing: FY2025 10-K, filed 2026-01-29, accession number 0001628280-26-004195 - Page: https://plicit.ai/financials/lmt/fy2025-annual-income-statement - Chart image: https://plicit.ai/charts/lmt-fy2025-annual-income-statement-sankey.png ## Chart details: Revenue by Product and Service Income statement for 2025-01-01 through 2025-12-31. View: Product and service. Revenue and costs use their disclosed categories. - **Total sales**: 75,048,000,000 US dollars - **Total operating costs and expenses**: 67,429,000,000 US dollars - **Gross profit**: 7,619,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: negative 112,000,000 US dollars - **Operating profit**: 7,731,000,000 US dollars - **Other income (expense), net (calculated)**: negative 1,809,000,000 US dollars - **Earnings before income taxes**: 5,922,000,000 US dollars - **Income tax expense**: 905,000,000 US dollars - **Net earnings**: 5,017,000,000 US dollars - **Products revenue**: 62,654,000,000 US dollars - **Services revenue**: 12,394,000,000 US dollars - **Products cost of revenue**: 57,020,000,000 US dollars - **Services cost of revenue**: 11,339,000,000 US dollars - **Impairment and other charges**: 66,000,000 US dollars - **Other unallocated, net**: negative 996,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other income, net**: negative 112,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Geography - Page: https://plicit.ai/financials/lmt/fy2025-annual-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/lmt-fy2025-annual-revenue-by-geography-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total sales**: 75,048,000,000 US dollars - **Total operating costs and expenses**: 67,429,000,000 US dollars - **Gross profit**: 7,619,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: negative 112,000,000 US dollars - **Operating profit**: 7,731,000,000 US dollars - **Other income (expense), net (calculated)**: negative 1,809,000,000 US dollars - **Earnings before income taxes**: 5,922,000,000 US dollars - **Income tax expense**: 905,000,000 US dollars - **Net earnings**: 5,017,000,000 US dollars - **UNITED STATES**: 53,705,000,000 US dollars - **Europe**: 8,805,000,000 US dollars - **Asia Pacific**: 7,815,000,000 US dollars - **Middle East**: 2,864,000,000 US dollars - **Other**: 1,859,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other income, net**: negative 112,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Basis of Pricing - Page: https://plicit.ai/financials/lmt/fy2025-annual-income-statement/revenue-by-basis-of-pricing - Chart image: https://plicit.ai/charts/lmt-fy2025-annual-revenue-by-basis-of-pricing-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Contract with Customer, Basis of Pricing. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total sales**: 75,048,000,000 US dollars - **Total operating costs and expenses**: 67,429,000,000 US dollars - **Gross profit**: 7,619,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: negative 112,000,000 US dollars - **Operating profit**: 7,731,000,000 US dollars - **Other income (expense), net (calculated)**: negative 1,809,000,000 US dollars - **Earnings before income taxes**: 5,922,000,000 US dollars - **Income tax expense**: 905,000,000 US dollars - **Net earnings**: 5,017,000,000 US dollars - **Fixed-price**: 45,200,000,000 US dollars - **Cost-reimbursable**: 29,848,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other income, net**: negative 112,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/lmt/fy2025-annual-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/lmt-fy2025-annual-revenue-by-business-segment-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total sales**: 75,048,000,000 US dollars - **Total operating costs and expenses**: 67,429,000,000 US dollars - **Gross profit**: 7,619,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: negative 112,000,000 US dollars - **Operating profit**: 7,731,000,000 US dollars - **Other income (expense), net (calculated)**: negative 1,809,000,000 US dollars - **Earnings before income taxes**: 5,922,000,000 US dollars - **Income tax expense**: 905,000,000 US dollars - **Net earnings**: 5,017,000,000 US dollars - **Aeronautics**: 30,257,000,000 US dollars - **Missiles and Fire Control**: 14,450,000,000 US dollars - **Rotary and Mission Systems**: 17,312,000,000 US dollars - **Space**: 13,029,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other income, net**: negative 112,000,000 US dollars - **Aeronautics costs (calculated)**: 28,171,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Missiles and Fire Control costs (calculated)**: 12,461,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Rotary and Mission Systems costs (calculated)**: 15,989,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Space costs (calculated)**: 11,684,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Reconciling items (calculated)**: negative 988,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Customer - Page: https://plicit.ai/financials/lmt/fy2025-annual-income-statement/revenue-by-customer - Chart image: https://plicit.ai/charts/lmt-fy2025-annual-revenue-by-customer-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Customer. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total sales**: 75,048,000,000 US dollars - **Total operating costs and expenses**: 67,429,000,000 US dollars - **Gross profit**: 7,619,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: negative 112,000,000 US dollars - **Operating profit**: 7,731,000,000 US dollars - **Other income (expense), net (calculated)**: negative 1,809,000,000 US dollars - **Earnings before income taxes**: 5,922,000,000 US dollars - **Income tax expense**: 905,000,000 US dollars - **Net earnings**: 5,017,000,000 US dollars - **U.S. Government**: 53,412,000,000 US dollars - **International**: 21,343,000,000 US dollars - **U.S. commercial and other**: 293,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other income, net**: negative 112,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.