Lockheed Historical Income Statement

LMT Stock

USD 464.61 4.28 0.91%

Historical analysis of Lockheed Martin income statement accounts such as Gross Profit of 4.5 B can show how well Lockheed Martin performed in making a profits. Evaluating Lockheed Martin income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Lockheed Martin's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Lockheed Martin latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Lockheed Martin is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lockheed Martin. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Lockheed Stock please use our How to Invest in Lockheed Martin guide.

About Lockheed Income Statement Analysis

Lockheed Martin Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Lockheed Martin shareholders. The income statement also shows Lockheed investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Lockheed Martin Income Statement Chart

At this time, Lockheed Martin's Income Before Tax is comparatively stable compared to the past year. Net Income is likely to gain to about 7.3 B in 2024, whereas Total Revenue is likely to drop slightly above 44.5 B in 2024.

Total Revenue Gross Profit Other Operating Expenses Operating Income Interest Income

Total Revenue

Total revenue comprises all receipts Lockheed Martin generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Lockheed Martin minus its cost of goods sold. It is profit before Lockheed Martin operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Lockheed Martin. It is also known as Lockheed Martin overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Lockheed Martin operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Lockheed Martin is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

Most accounts from Lockheed Martin's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Lockheed Martin current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lockheed Martin. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Lockheed Stock please use our How to Invest in Lockheed Martin guide.At this time, Lockheed Martin's Income Before Tax is comparatively stable compared to the past year. Net Income is likely to gain to about 7.3 B in 2024, whereas Total Revenue is likely to drop slightly above 44.5 B in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	569M	623M	916M	540.7M
Depreciation And Amortization	1.4B	1.4B	1.4B	1.1B

Interest Expense Depreciation And Amortization

Lockheed Martin income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Total Operating Expenses	Research Development	Selling General Administrative	Net Income From Continuing Ops	Non Operating Income Net Other	Discontinued Operations	Minority Interest	Tax Provision	Interest Income	Extraordinary Items	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.87	0.92	0.91	0.91	0.92	0.93	0.92	0.91	0.82	-0.67	0.8	-0.04	0.7	0.82	0.68	0.67	-0.1	-0.1	-0.73	0.07	0.73	-0.28	-0.01	0.58
Interest Expense	0.87		0.77	0.77	0.76	0.78	0.83	0.77	0.76	0.75	-0.52	0.73	-0.21	0.59	0.76	0.79	0.6	-0.34	-0.04	-0.66	0.12	0.91	-0.31	-0.29	0.49
Total Revenue	0.92	0.77		0.95	1.0	0.95	0.93	0.92	1.0	0.82	-0.62	0.78	0.0	0.82	0.7	0.51	0.74	-0.13	-0.31	-0.71	-0.02	0.56	-0.28	0.09	0.51
Gross Profit	0.91	0.77	0.95		0.93	1.0	0.95	0.95	0.93	0.83	-0.73	0.8	-0.02	0.78	0.8	0.61	0.8	-0.24	-0.3	-0.76	-0.08	0.61	-0.28	0.15	0.46
Other Operating Expenses	0.91	0.76	1.0	0.93		0.93	0.91	0.9	1.0	0.81	-0.59	0.77	0.0	0.82	0.67	0.48	0.72	-0.1	-0.31	-0.68	0.0	0.54	-0.28	0.08	0.51
Operating Income	0.92	0.78	0.95	1.0	0.93		0.96	0.96	0.93	0.82	-0.73	0.79	0.01	0.77	0.8	0.61	0.79	-0.24	-0.27	-0.74	-0.05	0.62	-0.28	0.16	0.45
Ebit	0.93	0.83	0.93	0.95	0.91	0.96		0.99	0.91	0.81	-0.6	0.8	0.04	0.67	0.72	0.58	0.73	-0.16	-0.05	-0.65	0.0	0.65	-0.18	0.13	0.4
Ebitda	0.92	0.77	0.92	0.95	0.9	0.96	0.99		0.9	0.79	-0.66	0.79	0.13	0.66	0.71	0.57	0.69	-0.16	-0.04	-0.63	0.01	0.62	-0.19	0.22	0.34
Cost Of Revenue	0.91	0.76	1.0	0.93	1.0	0.93	0.91	0.9		0.81	-0.59	0.77	0.0	0.82	0.67	0.48	0.72	-0.1	-0.31	-0.69	0.0	0.54	-0.28	0.08	0.51
Income Before Tax	0.82	0.75	0.82	0.83	0.81	0.82	0.81	0.79	0.81		-0.48	0.94	-0.3	0.87	0.71	0.68	0.77	-0.14	-0.31	-0.87	-0.07	0.7	-0.3	-0.29	0.68
Total Other Income Expense Net	-0.67	-0.52	-0.62	-0.73	-0.59	-0.73	-0.6	-0.66	-0.59	-0.48		-0.51	-0.11	-0.49	-0.75	-0.59	-0.48	0.45	0.18	0.55	0.14	-0.53	0.22	-0.31	-0.23
Net Income	0.8	0.73	0.78	0.8	0.77	0.79	0.8	0.79	0.77	0.94	-0.51		-0.44	0.82	0.67	0.62	0.83	-0.2	-0.13	-0.81	-0.33	0.69	0.01	-0.29	0.65
Income Tax Expense	-0.04	-0.21	0.0	-0.02	0.0	0.01	0.04	0.13	0.0	-0.3	-0.11	-0.44		-0.32	-0.2	-0.21	-0.49	0.11	0.15	0.44	0.62	-0.28	-0.35	0.76	-0.61
Total Operating Expenses	0.7	0.59	0.82	0.78	0.82	0.77	0.67	0.66	0.82	0.87	-0.49	0.82	-0.32		0.59	0.49	0.78	-0.22	-0.57	-0.8	-0.24	0.47	-0.26	-0.2	0.62
Research Development	0.82	0.76	0.7	0.8	0.67	0.8	0.72	0.71	0.67	0.71	-0.75	0.67	-0.2	0.59		0.87	0.71	-0.2	-0.28	-0.88	0.02	0.79	-0.42	-0.03	0.66
Selling General Administrative	0.68	0.79	0.51	0.61	0.48	0.61	0.58	0.57	0.48	0.68	-0.59	0.62	-0.21	0.49	0.87		0.52	-0.34	-0.18	-0.79	0.2	0.93	-0.51	-0.23	0.5
Net Income From Continuing Ops	0.67	0.6	0.74	0.8	0.72	0.79	0.73	0.69	0.72	0.77	-0.48	0.83	-0.49	0.78	0.71	0.52		-0.17	-0.36	-0.84	-0.46	0.51	0.02	-0.1	0.63
Non Operating Income Net Other	-0.1	-0.34	-0.13	-0.24	-0.1	-0.24	-0.16	-0.16	-0.1	-0.14	0.45	-0.2	0.11	-0.22	-0.2	-0.34	-0.17		0.17	0.11	0.25	-0.42	0.08	0.14	0.27
Discontinued Operations	-0.1	-0.04	-0.31	-0.3	-0.31	-0.27	-0.05	-0.04	-0.31	-0.31	0.18	-0.13	0.15	-0.57	-0.28	-0.18	-0.36	0.17		0.5	-0.03	-0.02	0.59	0.09	-0.33
Minority Interest	-0.73	-0.66	-0.71	-0.76	-0.68	-0.74	-0.65	-0.63	-0.69	-0.87	0.55	-0.81	0.44	-0.8	-0.88	-0.79	-0.84	0.11	0.5		0.11	-0.71	0.38	0.25	-0.82
Tax Provision	0.07	0.12	-0.02	-0.08	0.0	-0.05	0.0	0.01	0.0	-0.07	0.14	-0.33	0.62	-0.24	0.02	0.2	-0.46	0.25	-0.03	0.11		0.13	-0.76	0.11	-0.14
Interest Income	0.73	0.91	0.56	0.61	0.54	0.62	0.65	0.62	0.54	0.7	-0.53	0.69	-0.28	0.47	0.79	0.93	0.51	-0.42	-0.02	-0.71	0.13		-0.34	-0.37	0.49
Extraordinary Items	-0.28	-0.31	-0.28	-0.28	-0.28	-0.28	-0.18	-0.19	-0.28	-0.3	0.22	0.01	-0.35	-0.26	-0.42	-0.51	0.02	0.08	0.59	0.38	-0.76	-0.34		0.01	-0.17
Net Interest Income	-0.01	-0.29	0.09	0.15	0.08	0.16	0.13	0.22	0.08	-0.29	-0.31	-0.29	0.76	-0.2	-0.03	-0.23	-0.1	0.14	0.09	0.25	0.11	-0.37	0.01		-0.49
Reconciled Depreciation	0.58	0.49	0.51	0.46	0.51	0.45	0.4	0.34	0.51	0.68	-0.23	0.65	-0.61	0.62	0.66	0.5	0.63	0.27	-0.33	-0.82	-0.14	0.49	-0.17	-0.49

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Lockheed Martin Account Relationship Matchups

Lockheed Martin income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	1.2B	1.3B	1.4B	1.4B	1.4B	1.1B
Interest Expense	653M	591M	569M	623M	916M	540.7M
Total Revenue	59.8B	65.4B	67.0B	66.0B	67.6B	44.5B
Gross Profit	8.4B	8.7B	9.1B	8.3B	8.5B	4.5B
Other Operating Expenses	51.4B	56.8B	57.9B	57.6B	59.1B	40.0B
Operating Income	8.5B	8.6B	9.1B	8.3B	8.5B	4.6B
Ebit	7.9B	8.8B	8.1B	7.3B	8.5B	4.5B
Ebitda	9.1B	10.1B	9.5B	8.7B	8.5B	5.5B
Cost Of Revenue	51.4B	56.7B	58.0B	57.7B	59.1B	40.0B
Income Before Tax	7.2B	8.2B	7.6B	6.7B	8.1B	8.5B
Total Other Income Expense Net	(1.5B)	(1.3B)	(409M)	(1.6B)	(1.7B)	(429.5M)
Net Income	6.2B	6.8B	6.3B	5.7B	6.9B	7.3B
Income Tax Expense	1.0B	1.3B	1.2B	948M	(1.2B)	(1.1B)
Total Operating Expenses	(178M)	10M	(62M)	(61M)	(28M)	(29.4M)
Net Income Applicable To Common Shares	6.2B	6.8B	6.3B	5.7B	6.6B	3.6B
Net Income From Continuing Ops	6.2B	6.9B	6.3B	5.7B	7.0B	4.9B
Non Operating Income Net Other	(651M)	182M	288M	(74M)	(66.6M)	(69.9M)
Minority Interest	74M	55M	44M	23M	20.7M	19.7M
Tax Provision	1.0B	1.3B	1.2B	948M	1.2B	1.1B
Interest Income	653M	591M	569M	623M	716.5M	668.4M
Net Interest Income	(653M)	(591M)	(569M)	(623M)	(864M)	(907.2M)
Reconciled Depreciation	1.2B	1.3B	1.4B	1.4B	1.4B	1.4B

Pair Trading with Lockheed Martin

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lockheed Martin position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lockheed Martin will appreciate offsetting losses from the drop in the long position's value.

Moving together with Lockheed Stock

0.83	CW	Curtiss Wright	Pair Corr
0.89	GD	General Dynamics Financial Report 24th of July 2024	Pair Corr

Moving against Lockheed Stock

0.87	AZ	A2Z Smart Technologies	Pair Corr
0.61	PL	Planet Labs PBC Financial Report 13th of June 2024	Pair Corr
0.61	ESLT	Elbit Systems	Pair Corr
0.55	BA	Boeing Financial Report 24th of July 2024	Pair Corr

The ability to find closely correlated positions to Lockheed Martin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lockheed Martin when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lockheed Martin - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lockheed Martin to buy it.

The correlation of Lockheed Martin is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lockheed Martin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lockheed Martin moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Lockheed Martin can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Lockheed Stock Analysis

When running Lockheed Martin's price analysis, check to measure Lockheed Martin's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lockheed Martin is operating at the current time. Most of Lockheed Martin's value examination focuses on studying past and present price action to predict the probability of Lockheed Martin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lockheed Martin's price. Additionally, you may evaluate how the addition of Lockheed Martin to your portfolios can decrease your overall portfolio volatility.

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Lockheed Historical Income Statement

About Lockheed Income Statement Analysis

Lockheed Martin Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Interest Income

Lockheed Martin income statement Correlations

Lockheed Martin Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Lockheed Martin income statement Accounts

Pair Trading with Lockheed Martin

Moving together with Lockheed Stock

Moving against Lockheed Stock

Additional Tools for Lockheed Stock Analysis

COMMON DESTINATIONS

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COMPANY

Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Operating Income	+ 1.0	Gross Profit
Cost Of Revenue	+ 1.0	Other Operating Expenses
Ebitda	+ 0.99	Ebit
Ebit	+ 0.96	Operating Income

Minority Interest	- 0.88	Research Development
Minority Interest	- 0.87	Income Before Tax
Minority Interest	- 0.84	Net Income From Continuing Ops
Reconciled Depreciation	- 0.82	Minority Interest
Minority Interest	- 0.81	Net Income
Minority Interest	- 0.8	Total Operating Expenses