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Lockheed Martin
🇺🇸 NYSE:LMT
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Dec 31, 2024

Lockheed Martin Q4 2024 Earnings Report

Lockheed Martin's Q4 2024 financial performance was reported, revealing a mix of growth and challenges.

Key Takeaways

Lockheed Martin reported Q4 2024 net sales of $18.6 billion, a slight decrease compared to Q4 2023. Net earnings were $527 million, or $2.22 per share, impacted by losses from classified programs. The company's full-year net sales increased by 5% to $71.0 billion, with a record year-end backlog of $176.0 billion.

Net sales for Q4 2024 reached $18.6 billion, slightly lower than the previous year.

Q4 2024 earnings per share (EPS) was $2.22, influenced by losses from classified programs.

Full year 2024 net sales increased by 5% to $71.0 billion.

The company achieved a record year-end backlog of $176.0 billion.

Total Revenue
$18.6B
Previous year: $18.9B
-1.3%
EPS
$7.67
Previous year: $7.9
-2.9%
Gross Profit
$690M
Previous year: $2.3B
-69.9%
Cash and Equivalents
$2.48B
Previous year: $1.44B
+72.2%
Free Cash Flow
$441M
Previous year: $1.66B
-73.4%
Total Assets
$55.6B
Previous year: $52.5B
+6.0%

Lockheed Martin

Lockheed Martin

Lockheed Martin Revenue by Segment

Forward Guidance

Lockheed Martin provided its 2025 financial outlook, anticipating net sales between $73.75 billion and $74.75 billion and diluted earnings per share between $27.00 and $27.30.

Positive Outlook

  • Net sales are projected to be between $73.75 billion and $74.75 billion.
  • Business segment operating profit is expected to be between $8.1 billion and $8.2 billion.
  • Diluted earnings per share are forecasted to be between $27.00 and $27.30.
  • Cash from operations is anticipated to be between $8.5 billion and $8.7 billion.
  • Free cash flow is projected to be between $6.6 billion and $6.8 billion.

Challenges Ahead

  • The financial outlook does not include any future gains or losses related to changes in valuations of the company's net assets and liabilities for deferred compensation plans or early-stage company investments.
  • The financial outlook assumes that fiscal year 2025 appropriations bills are adopted in a timely manner.
  • The financial outlook assumes that the company’s programs remain funded.
  • The financial outlook assumes that the U.S. Government does not shutdown.
  • The financial outlook assumes that the U.S. Government does not continue to operate under a continuing resolution for the remainder of 2025.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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