2021 was a year of mixed fortunes for defense manufacturer Lockheed Martin. Net income dropped 8% to $6.3 billion, as earnings took a hit when the company had to fund a pension settlement charge of $1.7 billion during the third quarter. But Lockheed Martin was still able to bump up net sales for the year by 2.5%, largely driven by deliveries of 142 F-35 combat aircraft, up from 120 the previous year. The F-35 accounts for around one-quarter of the company’s revenue.
Courtesy of Lockheed Martin

Company Information

As of 3/29/23
Country
U.S.
Headquarters
Bethesda, Md.
Industry
Aerospace & Defense
CEO
James D. Taiclet Jr.
Company Type
Public
Ticker
LMT
Revenues ($M)
$65,984
Profits ($M)
$5,732
Market Value ($M)
$122,415
Employees
116,000
Figures are for fiscal year ended Dec. 31, 2022. Market value as of March 8, 2023. Sources: S&P Global; Bloomberg.

Key Financials (Last Fiscal Year)

$ millions
% change
Revenues ($M)
$67,044
2.5%
Profits ($M)
$6,315
-7.6%
Assets ($M)
$50,873
-
Total Stockholder Equity ($M)
$10,959
-

Profit Ratios

Profit as % of Revenues
9.4%
Profits as % of Assets
12.4%
Profits as % of Stockholder Equity
57.6%

Earnings Per Share (Last Fiscal Year)

Earnings Per Share ($)
2,276
EPS % Change (from 2020)
-6.3%
EPS % Change (5 year annual rate)
5.4%
EPS % Change (10 year annual rate)
11.3%

Total Return

Total Return to Investors (2021)
3.1%
Total Return to Investors (5 year, annualized)
10.2%
Total Return to Investors (10 year, annualized)
19.6%

Lockheed Martin Rank History

Historical Data

YearRevenues ($M)Profits ($M)Assets ($M)Total Stockholder Equity ($M)
2021$65,3989.3%$6,8339.7%$50,710$6,015
2020$59,81211.3%$6,23023.5%$47,528$3,127
2019$53,7625.3%$5,046152.0%$44,876$1,394
2018$51,0480.8%$2,002-62.2%$46,521$-683
2017$50,6589.8%$5,30247.1%$47,806$1,511
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