Stock Analysis on Net
Stock Analysis on Net

Lockheed Martin Corp. (NYSE:LMT)

Common-Size Income Statement 
Quarterly Data

Lockheed Martin Corp., common-size consolidated income statement (quarterly data)

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3 months ended: Sep 29, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 24, 2023 Jun 25, 2023 Mar 26, 2023 Dec 31, 2022 Sep 25, 2022 Jun 26, 2022 Mar 27, 2022 Dec 31, 2021 Sep 26, 2021 Jun 27, 2021 Mar 28, 2021 Dec 31, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019
Products 84.61 83.37 82.56 84.60 83.03 82.42 82.81 85.30 84.49 82.62 83.49 84.32 84.07 83.73 84.59 84.08 84.08 83.67 84.12 84.09 83.90 83.20 83.50
Services 15.39 16.63 17.44 15.40 16.97 17.58 17.19 14.70 15.51 17.38 16.51 15.68 15.93 16.27 15.41 15.92 15.92 16.33 15.88 15.91 16.10 16.80 16.50
Net sales 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Products -75.80 -74.61 -74.93 -75.48 -74.48 -73.31 -73.72 -76.22 -75.66 -73.77 -74.59 -74.95 -73.86 -75.55 -75.54 -75.11 -74.99 -74.55 -75.02 -75.27 -74.74 -73.99 -74.11
Services -13.28 -14.25 -15.14 -13.73 -14.87 -15.83 -15.10 -13.16 -13.53 -15.29 -14.53 -13.89 -14.55 -14.32 -13.72 -14.42 -14.33 -14.42 -14.14 -14.35 -14.57 -15.21 -14.28
Impairment and severance charges 0.00 -0.48 0.00 -0.49 0.00 0.00 0.00 -0.53 0.00 0.00 0.00 0.00 0.00 0.00 -0.22 -0.16 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other unallocated, net 1.46 1.09 1.66 1.85 1.49 1.66 2.35 2.03 1.97 1.73 1.88 2.50 2.77 2.50 2.92 2.68 2.27 2.61 2.52 2.99 2.91 3.01 3.66
Cost of sales -87.62% -88.25% -88.41% -87.84% -87.87% -87.48% -86.47% -87.88% -87.22% -87.34% -87.24% -86.34% -85.64% -87.37% -86.55% -87.00% -87.05% -86.36% -86.64% -86.63% -86.40% -86.19% -84.74%
Gross profit 12.38% 11.75% 11.59% 12.16% 12.13% 12.52% 13.53% 12.12% 12.78% 12.66% 12.76% 13.66% 14.36% 12.63% 13.45% 13.00% 12.95% 13.64% 13.36% 13.37% 13.60% 13.81% 15.26%
Other income (expense), net 0.13 0.10 0.21 -0.01 -0.04 0.27 -0.06 -0.05 0.24 0.05 0.16 0.19 -0.05 0.24 -0.02 0.44 0.07 -0.78 0.20 0.16 0.28 0.10 0.66
Operating profit 12.51% 11.85% 11.80% 12.15% 12.10% 12.79% 13.47% 12.07% 13.02% 12.71% 12.92% 13.85% 14.31% 12.87% 13.42% 13.44% 13.02% 12.86% 13.56% 13.53% 13.88% 13.92% 15.92%
Interest expense -1.50 -1.44 -1.48 -1.35 -1.40 -1.34 -1.34 -1.06 -0.87 -0.91 -0.90 -0.82 -0.88 -0.83 -0.86 -0.87 -0.88 -0.92 -0.95 -0.99 -1.07 -1.13 -1.19
Non-service FAS pension income (expense) 0.09 0.08 0.09 0.59 0.66 0.66 0.73 0.57 0.67 -8.62 0.94 0.52 -9.81 0.55 0.57 0.97 0.33 0.00 0.00 0.00 0.00 0.00 0.00
Other non-operating income (expense), net 0.11 0.25 0.26 -0.03 0.22 -0.10 0.32 -0.05 -0.16 -1.04 0.82 0.50 0.61 0.15 0.47 -0.69 0.00 0.15 0.36 -1.01 -1.07 -1.12 -1.16
Earnings from continuing operations before income taxes 11.21% 10.75% 10.67% 11.36% 11.57% 12.02% 13.18% 11.53% 12.66% 2.14% 13.77% 14.04% 4.24% 12.74% 13.60% 12.84% 12.46% 12.10% 12.97% 11.54% 11.74% 11.67% 13.57%
Income tax expense -1.72 -1.69 -1.69 -1.48 -1.59 -1.95 -2.02 -1.46 -1.94 -0.14 -2.19 -2.49 -0.41 -2.08 -2.30 -2.32 -1.84 -2.07 -2.00 -2.10 -1.14 -1.82 -1.68
Net earnings from continuing operations 9.49% 9.06% 8.99% 9.89% 9.98% 10.07% 11.17% 10.07% 10.72% 2.00% 11.58% 11.56% 3.83% 10.66% 11.30% 10.52% 10.63% 10.02% 10.97% 9.43% 10.60% 9.84% 11.89%
Net loss from discontinued operations 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.33 0.00 0.00 0.00 0.00 0.00 0.00
Net earnings 9.49% 9.06% 8.99% 9.89% 9.98% 10.07% 11.17% 10.07% 10.72% 2.00% 11.58% 11.56% 3.83% 10.66% 11.30% 10.52% 10.29% 10.02% 10.97% 9.43% 10.60% 9.84% 11.89%

Based on: 10-Q (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-24), 10-Q (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-25), 10-Q (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-26), 10-Q (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Income statement item Description The company
Operating profit The net result for the period of deducting operating expenses from operating revenues. Lockheed Martin Corp. operating profit as a percentage of net sales increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Earnings from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Lockheed Martin Corp. earnings from continuing operations before income taxes as a percentage of net sales increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Net earnings The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Lockheed Martin Corp. net earnings as a percentage of net sales increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.