Lockheed Martin (LMT) revenue breakdown
By segment, Aeronautics is the largest at 40% of fiscal 2025 revenue; MFC grew fastest, 9% a year over 9 years.
By product, Products is the largest at 83% of fiscal 2025 revenue; Services grew fastest, 6% a year over 9 years.
Revenue by segment
Fiscal years, as Lockheed Martin reports them in its 10-K filings; fiscal 2025 total $75.0B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aeronautics | $17.3B | $19.4B | $21.2B | $23.7B | $26.3B | $26.7B | $27.0B | $27.5B | $28.6B | $30.3B | 40% |
| RMS | $13.6B | $13.7B | $14.2B | $15.1B | $16.0B | $16.8B | $16.1B | $16.2B | $17.3B | $17.3B | 23% |
| MFC | $6.8B | $7.3B | $8.5B | $10.1B | $11.3B | $11.7B | $11.3B | $11.3B | $12.7B | $14.4B | 19% |
| Space | $9.6B | $9.6B | $9.8B | $10.9B | $11.9B | $11.8B | $11.5B | $12.6B | $12.5B | $13.0B | 17% |
Revenue by product
Fiscal years, as Lockheed Martin reports them in its 10-K filings; fiscal 2025 total $75.0B.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Products | $40.1B | $42.5B | $45.0B | $50.1B | $54.9B | $56.4B | $55.5B | $56.3B | $59.3B | $62.7B | 83% |
| Services | $7.2B | $7.5B | $8.8B | $9.8B | $10.5B | $10.6B | $10.5B | $11.3B | $11.8B | $12.4B | 17% |
Revenue by region
Fiscal years, as Lockheed Martin reports them in its 10-K filings; fiscal 2025 total $75.0B.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $34.6B | $35.6B | $38.6B | $43.3B | $49.0B | $48.6B | $49.1B | $49.9B | $52.5B | $53.7B | 72% |
| Europe | $3.8B | $4.8B | $5.4B | $5.9B | $6.3B | $6.8B | $6.3B | $7.0B | $7.7B | $8.8B | 12% |
| Asia Pacific | $3.7B | $4.8B | $5.3B | $5.8B | $5.2B | $6.1B | $5.5B | $5.9B | $6.2B | $7.8B | 10% |
| Middle East | $3.7B | $3.8B | $3.6B | $3.9B | $3.9B | $4.3B | $3.8B | $3.6B | $3.1B | $2.9B | 4% |
| Other | $1.5B | $959M | $871M | $833M | $936M | $1.3B | $1.4B | $1.2B | $1.5B | $1.9B | 2% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for LMT.
Open LMT in InvestinglyQuestions
Where does Lockheed Martin make its money?
In fiscal 2025, by segment: Aeronautics $30.3B, RMS $17.3B, MFC $14.4B, Space $13.0B.
From Lockheed Martin's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.