Lockheed Martin (LMT) FY2025 10-K Annual Report
Lockheed Martin (LMT) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Jan 29, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Lockheed Martin FY2025 10-K Analysis
Business Overview
- • Core business model: Global aerospace and defense technology company providing integrated solutions across Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space
- • Strategic shift: Rapid transformation to increase production capacity and integrate AI, autonomy, open-architecture, and advanced networking for more agile defense forces
Management Discussion & Analysis
- • Insufficient data provided to summarize revenue, profitability, segment performance, cash flow, or outlook
Risk Factors
- • Regulatory tax risk from 2025 One Big Beautiful Bill Act and IRS audit adjustments resolved in Q4 2025, impacting 2018-2022 tax returns and effective tax rate 15.3% in 2025
- • Geopolitical exposure from 36% international Aeronautics sales, with F-35 partners including 7 countries and 12 FMS customers, plus significant international missile defense orders
Lockheed Martin FY2025 Key Financial MetricsXBRL
Revenue
$75.0B
▲ +5.6% YoY
Net Income
$5.0B
▼ -6.0% YoY
Gross Margin
10.2%
▲ +40bp YoY
Operating Margin
10.3%
▲ +43bp YoY
Net Margin
6.7%
▼ -83bp YoY
ROE
74.6%
▼ -961bp YoY
Total Assets
$59.8B
▲ +7.6% YoY
EPS (Diluted)
$21.49
▼ -3.7% YoY
Operating Cash Flow
$8.6B
▲ +22.7% YoY
Source: XBRL data from Lockheed Martin FY2025 10-K filing on SEC EDGAR. All figures in USD.
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