LMT Lockheed Martin

FY2025 10-K
Filed: Jan 29, 2026
Industrials
Guided Missiles & Space Vehicles & PartsSEC EDGAR

Lockheed Martin (LMT) filed its fiscal year 2025 10-K annual report with the SEC on Jan 29, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

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
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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
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Financial Summary
XBRL

Revenue

$75.0B

Net Income

$5.0B

Gross Margin

10.2%

Operating Margin

10.3%

Net Margin

6.7%

ROE

74.6%

Total Assets

$59.8B

EPS (Diluted)

$21.49

Operating Cash Flow

$8.6B

Source: XBRL data from Lockheed Martin FY2025 10-K filing on SEC EDGAR. All figures in USD.

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