LOCKHEED MARTIN CORPORATION (LMT) FY2025 Q1 P&L / Income Statement

LOCKHEED MARTIN CORPORATION (LMT) FY2025 Q1 P&L / Income Statement

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.