# LOCKHEED MARTIN CORPORATION (LMT) FY2025 Q1 P&L / Income Statement - Company: LOCKHEED MARTIN CORPORATION (LMT) - Period: 2025-01-01 to 2025-03-30 - Filing: Q1 FY2025 10-Q, filed 2025-04-22, accession number 0000936468-25-000035 - Page: https://plicit.ai/financials/lmt/fy2025-q1-income-statement - Chart image: https://plicit.ai/charts/lmt-fy2025-q1-income-statement-sankey.png ## Chart details: Revenue by Product and Service Income statement for 2025-01-01 through 2025-03-30. View: Product and service. Revenue and costs use their disclosed categories. - **Total sales**: 17,963,000,000 US dollars - **Total operating costs and expenses**: 15,640,000,000 US dollars - **Gross profit**: 2,323,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: negative 49,000,000 US dollars - **Operating profit**: 2,372,000,000 US dollars - **Other income (expense), net (calculated)**: negative 336,000,000 US dollars - **Earnings before income taxes**: 2,036,000,000 US dollars - **Income tax expense**: 324,000,000 US dollars - **Net earnings**: 1,712,000,000 US dollars - **Products revenue**: 14,936,000,000 US dollars - **Services revenue**: 3,027,000,000 US dollars - **Products cost of revenue**: 13,284,000,000 US dollars - **Services cost of revenue**: 2,640,000,000 US dollars - **Other unallocated, net**: negative 284,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other income, net**: negative 49,000,000 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-q1-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/lmt-fy2025-q1-revenue-by-geography-sankey.png Income statement for 2025-01-01 through 2025-03-30. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total sales**: 17,963,000,000 US dollars - **Total operating costs and expenses**: 15,640,000,000 US dollars - **Gross profit**: 2,323,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: negative 49,000,000 US dollars - **Operating profit**: 2,372,000,000 US dollars - **Other income (expense), net (calculated)**: negative 336,000,000 US dollars - **Earnings before income taxes**: 2,036,000,000 US dollars - **Income tax expense**: 324,000,000 US dollars - **Net earnings**: 1,712,000,000 US dollars - **UNITED STATES**: 13,041,000,000 US dollars - **Europe**: 1,968,000,000 US dollars - **Asia Pacific**: 1,744,000,000 US dollars - **Middle East**: 704,000,000 US dollars - **Other**: 506,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other income, net**: negative 49,000,000 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-q1-income-statement/revenue-by-basis-of-pricing - Chart image: https://plicit.ai/charts/lmt-fy2025-q1-revenue-by-basis-of-pricing-sankey.png Income statement for 2025-01-01 through 2025-03-30. View: Contract with Customer, Basis of Pricing. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total sales**: 17,963,000,000 US dollars - **Total operating costs and expenses**: 15,640,000,000 US dollars - **Gross profit**: 2,323,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: negative 49,000,000 US dollars - **Operating profit**: 2,372,000,000 US dollars - **Other income (expense), net (calculated)**: negative 336,000,000 US dollars - **Earnings before income taxes**: 2,036,000,000 US dollars - **Income tax expense**: 324,000,000 US dollars - **Net earnings**: 1,712,000,000 US dollars - **Fixed-price**: 10,755,000,000 US dollars - **Cost-reimbursable**: 7,208,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other income, net**: negative 49,000,000 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-q1-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/lmt-fy2025-q1-revenue-by-business-segment-sankey.png Income statement for 2025-01-01 through 2025-03-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total sales**: 17,963,000,000 US dollars - **Total operating costs and expenses**: 15,640,000,000 US dollars - **Gross profit**: 2,323,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: negative 49,000,000 US dollars - **Operating profit**: 2,372,000,000 US dollars - **Other income (expense), net (calculated)**: negative 336,000,000 US dollars - **Earnings before income taxes**: 2,036,000,000 US dollars - **Income tax expense**: 324,000,000 US dollars - **Net earnings**: 1,712,000,000 US dollars - **Aeronautics**: 7,057,000,000 US dollars - **Missiles and Fire Control**: 3,373,000,000 US dollars - **Rotary and Mission Systems**: 4,328,000,000 US dollars - **Space**: 3,205,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other income, net**: negative 49,000,000 US dollars - **Aeronautics costs (calculated)**: 6,337,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Missiles and Fire Control costs (calculated)**: 2,908,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Rotary and Mission Systems costs (calculated)**: 3,807,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Space costs (calculated)**: 2,826,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Reconciling items (calculated)**: negative 287,000,000 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 Business Segment by Customer - Page: https://plicit.ai/financials/lmt/fy2025-q1-income-statement/revenue-by-business-segment-by-customer - Chart image: https://plicit.ai/charts/lmt-fy2025-q1-revenue-by-business-segment-by-customer-sankey.png Income statement for 2025-01-01 through 2025-03-30. View: Business segment by customer. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total sales**: 17,963,000,000 US dollars - **Total operating costs and expenses**: 15,640,000,000 US dollars - **Gross profit**: 2,323,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: negative 49,000,000 US dollars - **Operating profit**: 2,372,000,000 US dollars - **Other income (expense), net (calculated)**: negative 336,000,000 US dollars - **Earnings before income taxes**: 2,036,000,000 US dollars - **Income tax expense**: 324,000,000 US dollars - **Net earnings**: 1,712,000,000 US dollars - **Aeronautics - International**: 2,405,000,000 US dollars - **Aeronautics - U S Government**: 4,642,000,000 US dollars - **Aeronautics - U.S. commercial and other**: 10,000,000 US dollars - **Missiles and Fire Control - International**: 978,000,000 US dollars - **Missiles and Fire Control - U S Government**: 2,391,000,000 US dollars - **Missiles and Fire Control - U.S. commercial and other**: 4,000,000 US dollars - **Rotary and Mission Systems - International**: 1,468,000,000 US dollars - **Rotary and Mission Systems - U S Government**: 2,787,000,000 US dollars - **Rotary and Mission Systems - U.S. commercial and other**: 73,000,000 US dollars - **Space - International**: 71,000,000 US dollars - **Space - U S Government**: 3,129,000,000 US dollars - **Space - U.S. commercial and other**: 5,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other income, net**: negative 49,000,000 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 Customer - Page: https://plicit.ai/financials/lmt/fy2025-q1-income-statement/revenue-by-customer - Chart image: https://plicit.ai/charts/lmt-fy2025-q1-revenue-by-customer-sankey.png Income statement for 2025-01-01 through 2025-03-30. View: Customer. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total sales**: 17,963,000,000 US dollars - **Total operating costs and expenses**: 15,640,000,000 US dollars - **Gross profit**: 2,323,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: negative 49,000,000 US dollars - **Operating profit**: 2,372,000,000 US dollars - **Other income (expense), net (calculated)**: negative 336,000,000 US dollars - **Earnings before income taxes**: 2,036,000,000 US dollars - **Income tax expense**: 324,000,000 US dollars - **Net earnings**: 1,712,000,000 US dollars - **International**: 4,922,000,000 US dollars - **U.S. commercial and other**: 92,000,000 US dollars - **U S Government**: 12,949,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other income, net**: negative 49,000,000 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 by Product and Service - Page: https://plicit.ai/financials/lmt/fy2025-q1-income-statement/revenue-by-business-segment-by-product-and-service - Chart image: https://plicit.ai/charts/lmt-fy2025-q1-revenue-by-business-segment-by-product-and-service-sankey.png Income statement for 2025-01-01 through 2025-03-30. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total sales**: 17,963,000,000 US dollars - **Total operating costs and expenses**: 15,640,000,000 US dollars - **Gross profit**: 2,323,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: negative 49,000,000 US dollars - **Operating profit**: 2,372,000,000 US dollars - **Other income (expense), net (calculated)**: negative 336,000,000 US dollars - **Earnings before income taxes**: 2,036,000,000 US dollars - **Income tax expense**: 324,000,000 US dollars - **Net earnings**: 1,712,000,000 US dollars - **Aeronautics - Products**: 5,746,000,000 US dollars - **Aeronautics - Services**: 1,311,000,000 US dollars - **Missiles and Fire Control - Products**: 3,017,000,000 US dollars - **Missiles and Fire Control - Services**: 356,000,000 US dollars - **Rotary and Mission Systems - Products**: 3,496,000,000 US dollars - **Rotary and Mission Systems - Services**: 832,000,000 US dollars - **Space - Products**: 2,677,000,000 US dollars - **Space - Services**: 528,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other income, net**: negative 49,000,000 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 by Basis of Pricing - Page: https://plicit.ai/financials/lmt/fy2025-q1-income-statement/revenue-by-business-segment-by-basis-of-pricing - Chart image: https://plicit.ai/charts/lmt-fy2025-q1-revenue-by-business-segment-by-basis-of-pricing-sankey.png Income statement for 2025-01-01 through 2025-03-30. View: Segments by Contract with Customer, Basis of Pricing. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total sales**: 17,963,000,000 US dollars - **Total operating costs and expenses**: 15,640,000,000 US dollars - **Gross profit**: 2,323,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: negative 49,000,000 US dollars - **Operating profit**: 2,372,000,000 US dollars - **Other income (expense), net (calculated)**: negative 336,000,000 US dollars - **Earnings before income taxes**: 2,036,000,000 US dollars - **Income tax expense**: 324,000,000 US dollars - **Net earnings**: 1,712,000,000 US dollars - **Aeronautics - Cost-reimbursable**: 2,344,000,000 US dollars - **Aeronautics - Fixed-price**: 4,713,000,000 US dollars - **Missiles and Fire Control - Cost-reimbursable**: 933,000,000 US dollars - **Missiles and Fire Control - Fixed-price**: 2,440,000,000 US dollars - **Rotary and Mission Systems - Cost-reimbursable**: 1,668,000,000 US dollars - **Rotary and Mission Systems - Fixed-price**: 2,660,000,000 US dollars - **Space - Cost-reimbursable**: 2,263,000,000 US dollars - **Space - Fixed-price**: 942,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other income, net**: negative 49,000,000 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 by Geography - Page: https://plicit.ai/financials/lmt/fy2025-q1-income-statement/revenue-by-business-segment-by-geography - Chart image: https://plicit.ai/charts/lmt-fy2025-q1-revenue-by-business-segment-by-geography-sankey.png Income statement for 2025-01-01 through 2025-03-30. View: Segments by Geographical. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total sales**: 17,963,000,000 US dollars - **Total operating costs and expenses**: 15,640,000,000 US dollars - **Gross profit**: 2,323,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: negative 49,000,000 US dollars - **Operating profit**: 2,372,000,000 US dollars - **Other income (expense), net (calculated)**: negative 336,000,000 US dollars - **Earnings before income taxes**: 2,036,000,000 US dollars - **Income tax expense**: 324,000,000 US dollars - **Net earnings**: 1,712,000,000 US dollars - **Aeronautics - UNITED STATES**: 4,652,000,000 US dollars - **Aeronautics - Other**: 170,000,000 US dollars - **Aeronautics - Asia Pacific**: 840,000,000 US dollars - **Aeronautics - Europe**: 1,247,000,000 US dollars - **Aeronautics - Middle East**: 148,000,000 US dollars - **Missiles and Fire Control - UNITED STATES**: 2,395,000,000 US dollars - **Missiles and Fire Control - Other**: 17,000,000 US dollars - **Missiles and Fire Control - Asia Pacific**: 224,000,000 US dollars - **Missiles and Fire Control - Europe**: 395,000,000 US dollars - **Missiles and Fire Control - Middle East**: 342,000,000 US dollars - **Rotary and Mission Systems - UNITED STATES**: 2,860,000,000 US dollars - **Rotary and Mission Systems - Other**: 319,000,000 US dollars - **Rotary and Mission Systems - Asia Pacific**: 633,000,000 US dollars - **Rotary and Mission Systems - Europe**: 304,000,000 US dollars - **Rotary and Mission Systems - Middle East**: 212,000,000 US dollars - **Space - UNITED STATES**: 3,134,000,000 US dollars - **Space - Other**: 0 US dollars - **Space - Asia Pacific**: 47,000,000 US dollars - **Space - Europe**: 22,000,000 US dollars - **Space - Middle East**: 2,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other income, net**: negative 49,000,000 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.