Lockheed Martin (LMT) Revenue & Revenue Breakdown

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Lockheed Martin Revenue Highlights

Latest Revenue (Y)

$67.57B

Latest Revenue (Q)

$17.10B

Main Segment (Y)

Product

Main Geography (Y)

Europe

Lockheed Martin Revenue by Period

Lockheed Martin Revenue by Year

Date	Revenue	Change
2023-12-31	$67.57B	2.41%
2022-12-31	$65.98B	-1.58%
2021-12-31	$67.04B	2.52%
2020-12-31	$65.40B	9.34%
2019-12-31	$59.81B	11.25%
2018-12-31	$53.76B	5.32%
2017-12-31	$51.05B	8.04%
2016-12-31	$47.25B	2.42%
2015-12-31	$46.13B	1.17%
2014-12-31	$45.60B	0.53%
2013-12-31	$45.36B	-3.87%
2012-12-31	$47.18B	1.47%
2011-12-31	$46.50B	1.52%
2010-12-31	$45.80B	1.36%
2009-12-31	$45.19B	5.75%
2008-12-31	$42.73B	2.08%
2007-12-31	$41.86B	5.66%
2006-12-31	$39.62B	6.47%
2005-12-31	$37.21B	4.75%
2004-12-31	$35.53B	11.63%
2003-12-31	$31.82B	19.74%
2002-12-31	$26.58B	10.79%
2001-12-31	$23.99B	-5.29%
2000-12-31	$25.33B	-0.79%
1999-12-31	$25.53B	-2.80%
1998-12-31	$26.27B	-6.42%
1997-12-31	$28.07B	4.44%
1996-12-31	$26.88B	17.60%
1995-12-31	$22.85B	-0.23%
1994-12-31	$22.91B	2.27%
1993-12-31	$22.40B	-

Lockheed Martin generated $67.57B in revenue during NA 2023, up 2.41% compared to the previous quarter, and up 125.69% compared to the same period a year ago.

Lockheed Martin Revenue by Quarter

Date	Revenue	Change
2024-09-29	$17.10B	-5.62%
2024-06-30	$18.12B	5.39%
2024-03-31	$17.20B	-8.90%
2023-12-31	$18.87B	11.83%
2023-09-24	$16.88B	1.11%
2023-06-25	$16.69B	10.36%
2023-03-26	$15.13B	-20.35%
2022-12-31	$18.99B	14.52%
2022-09-25	$16.58B	7.36%
2022-06-26	$15.45B	3.22%
2022-03-27	$14.96B	-15.60%
2021-12-31	$17.73B	10.61%
2021-09-26	$16.03B	-5.88%
2021-06-27	$17.03B	4.74%
2021-03-28	$16.26B	-4.54%
2020-12-31	$17.03B	3.26%
2020-09-27	$16.50B	1.70%
2020-06-28	$16.22B	3.64%
2020-03-29	$15.65B	-1.43%
2019-12-31	$15.88B	4.66%
2019-09-29	$15.17B	5.16%
2019-06-30	$14.43B	0.63%
2019-03-31	$14.34B	-0.52%
2018-12-31	$14.41B	0.65%
2018-09-30	$14.32B	6.87%
2018-06-24	$13.40B	15.15%
2018-03-25	$11.63B	-23.14%
2017-12-31	$15.14B	24.39%
2017-09-24	$12.17B	-4.07%
2017-06-25	$12.69B	14.72%
2017-03-26	$11.06B	-19.60%
2016-12-31	$13.75B	19.05%
2016-09-25	$11.55B	-10.55%
2016-06-26	$12.91B	10.36%
2016-03-27	$11.70B	-9.41%
2015-12-31	$12.92B	12.70%
2015-09-27	$11.46B	-1.56%
2015-06-28	$11.64B	15.15%
2015-03-29	$10.11B	-19.31%
2014-12-31	$12.53B	12.74%
2014-09-28	$11.11B	-1.70%
2014-06-29	$11.31B	6.16%
2014-03-30	$10.65B	-7.66%
2013-12-31	$11.53B	1.64%
2013-09-29	$11.35B	-0.53%
2013-06-30	$11.41B	3.05%
2013-03-31	$11.07B	-8.50%
2012-12-31	$12.10B	1.94%
2012-09-30	$11.87B	-0.44%
2012-06-24	$11.92B	5.56%
2012-03-25	$11.29B	-7.52%
2011-12-31	$12.21B	0.76%
2011-09-25	$12.12B	4.92%
2011-06-26	$11.55B	8.63%
2011-03-27	$10.63B	-16.89%
2010-12-31	$12.79B	12.47%
2010-09-26	$11.38B	-0.59%
2010-06-27	$11.44B	7.57%
2010-03-28	$10.64B	-15.07%
2009-12-31	$12.52B	13.28%
2009-09-27	$11.06B	-1.60%
2009-06-28	$11.24B	8.32%
2009-03-29	$10.37B	-6.82%
2008-12-31	$11.13B	5.25%
2008-09-28	$10.58B	-4.19%
2008-06-29	$11.04B	10.58%
2008-03-30	$9.98B	-

Lockheed Martin generated $17.10B in revenue during Q3 2024, up -5.62% compared to the previous quarter, and up 102.46% compared to the same period a year ago.

Lockheed Martin Revenue Breakdown

Lockheed Martin Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Product	$56.27B	$50.05B	-	-	-
Service	$11.31B	$9.76B	-	-	-
Rotary and Mission Systems	-	$16.15B	$15.99B	-	-
Aeronautics	-	$26.99B	$26.27B	-	-
Missiles And Fire Control	-	$11.32B	$11.26B	-	-
Space	-	$11.53B	$11.88B	-	-
Atomic Weapons Establishment	-	-	$885.00M	-	-

Lockheed Martin's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product (83.27%), and Service (16.73%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Aeronautics	$6.49B	$7.28B	$6.84B	$7.61B	$6.88B	$6.27B	$7.63B	$7.09B	$5.86B	$6.40B	$7.13B	$6.67B	$6.39B	$6.71B	$6.68B	$6.50B	$6.37B	$6.38B	-	-
Space	$3.08B	$3.19B	$3.27B	$3.38B	$3.17B	$2.96B	$3.27B	$2.88B	$2.83B	$2.56B	$2.92B	$3.18B	$3.02B	$3.24B	$2.85B	$2.88B	$2.92B	$2.84B	-	-
Missiles And Fire Control	$3.17B	$3.10B	$2.99B	$3.17B	$2.75B	$2.39B	$3.29B	$2.83B	$2.75B	$2.45B	$3.22B	$2.94B	$2.75B	$2.87B	$2.97B	$2.80B	$2.62B	$2.77B	-	-
Rotary and Mission Systems	$4.37B	$4.55B	$4.09B	$4.71B	$3.90B	$3.51B	$4.80B	$3.78B	$4.01B	$3.55B	$4.46B	$4.24B	$4.11B	$4.21B	$4.00B	$4.04B	$3.75B	$3.89B	-	-
Product	-	-	-	$42.25B	$14.01B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service	-	-	-	$8.44B	$2.86B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Atomic Weapons Establishment	-	-	-	-	-	-	-	-	-	-	-	-	$350.00M	-	-	-	-	-	-	-

Lockheed Martin's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Aeronautics (37.93%), Rotary and Mission Systems (25.53%), Missiles And Fire Control (18.56%), and Space (17.98%).

Lockheed Martin Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23
Middle East	$3.55B
Other Region	$1.23B
Europe	$7.01B
Asia Pacific	$5.85B

Lockheed Martin's latest annual revenue breakdown by geography, as of Dec 23: Europe (39.74%), Asia Pacific (33.16%), Middle East (20.14%), and Other Region (6.96%).

Quarterly Revenue by Country

Country	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Sep 21	Mar 18
Middle East	$729.00M	$845.00M	$739.00M	$1.01B	$880.00M	$1.14B	$7.00M
Asia Pacific	$1.50B	$1.64B	$1.41B	$1.67B	$1.47B	$1.37B	$23.00M
Europe	$1.71B	$1.78B	$1.74B	$2.21B	$1.66B	$1.38B	$426.00M
Other Region	$398.00M	$403.00M	$315.00M	$319.00M	$315.00M	$261.00M	-
UNITED STATES	-	-	-	-	-	-	$1.88B

Lockheed Martin's latest quarterly revenue breakdown by geography, as of Sep 24: Europe (39.37%), Asia Pacific (34.65%), Middle East (16.80%), and Other Region (9.17%).

Lockheed Martin Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
BA	Boeing Company	$77.79B	$17.84B
RTX	RTX	$68.92B	$20.09B
LMT	Lockheed Martin	$67.57B	$17.10B
GD	General Dynamics	$42.27B	-
NOC	Northrop Grumman	$39.29B	$10.00B
LHX	L3Harris	$19.42B	$5.29B
HII	Huntington Ingalls Industries	$11.45B	$2.75B
SPCE	Virgin Galactic	$6.80M	$402.00K

LMT Revenue FAQ

What is Lockheed Martin’s yearly revenue?

Lockheed Martin's yearly revenue for 2023 was $67.57B, representing an increase of 2.41% compared to 2022. The company's yearly revenue for 2022 was $65.98B, representing a decrease of -1.58% compared to 2021. LMT's yearly revenue for 2021 was $67.04B, representing an increase of 2.52% compared to 2020.

What is Lockheed Martin’s quarterly revenue?

Lockheed Martin's quarterly revenue for Q3 2024 was $17.1B, a -5.62% decrease from the previous quarter (Q2 2024), and a 1.34% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $18.12B, a 5.39% increase from the previous quarter (Q1 2024), and a 8.56% increase year-over-year (Q2 2023). LMT's quarterly revenue for Q1 2024 was $17.2B, a -8.90% decrease from the previous quarter (Q4 2023), and a 13.68% increase year-over-year (Q1 2023).

What is Lockheed Martin’s revenue growth rate?

Lockheed Martin's revenue growth rate for the last 3 years (2021-2023) was 0.79%, and for the last 5 years (2019-2023) was 12.97%.

What are Lockheed Martin’s revenue streams?

Lockheed Martin's revenue streams in c 23 are Product, and Service. Product generated $56.26B in revenue, accounting 83.27% of the company's total revenue, up 12.41% year-over-year. Service generated $11.31B in revenue, accounting 16.73% of the company's total revenue, up 15.85% year-over-year.

What is Lockheed Martin’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Lockheed Martin was Product. This segment made a revenue of $56.26B, representing 83.27% of the company's total revenue.