Lockheed Martin (LMT) Tops Q4 EPS by 5c, Beats on Revenue; Offers FY26 Guidance

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Lockheed Martin Reports Fourth Quarter and Full Year 2025 Financial Results

January 29, 2026 7:20 AM EST

2025 sales increased 6% to $75.0 billionNet earnings of $5.0 billion, or $21.49 per share, in 2025, including a pension settlement charge of $479 million ($377 million, or $1.63 per share, after-tax)Cash from operations of $8.6 billion and free cash flow of $6.9 billion in 2025 after a pension contribution of $860 million fulfilling 2026 obligationRecord backlog of $194 billion at end of 20252026 financial outlook provided

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