Financials Lockheed Martin Corporation

Equities

LMT

US5398301094

Aerospace & Defense

Real-time Estimate Cboe BZX Other stock markets 09:36:08 2024-12-09 am EST			5-day change	1st Jan Change
510.68 ^USD	-0.46%		-3.09%	+13.19%

Dec. 06	Trump's NASA pick a boon for SpaceX, but will face political challenges	RE
Dec. 06	NASA delays Artemis moon landing to 2027	RE

Projected Income Statement: Lockheed Martin Corporation

income-statement-evolution-chart LOCKHEED-MARTIN-CORPORATI

Fiscal Period: Dezember	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	59,812	65,398	67,044	65,984	67,571	71,237	74,103	76,830
Change	-	9.34%	2.52%	-1.58%	2.41%	5.43%	4.02%	3.68%
EBITDA ¹	9,734	9,934	10,487	9,752	9,937	9,865	10,319	10,825
Change	-	2.05%	5.57%	-7.01%	1.9%	-0.73%	4.6%	4.9%
EBIT ¹	8,545	8,644	9,123	8,348	8,507	8,387	8,761	9,177
Change	-	1.16%	5.54%	-8.5%	1.9%	-1.41%	4.46%	4.75%
Interest Paid ¹	-653	-591	-569	-623	-916	-1,032	-1,039	-984.6
Earnings before Tax (EBT) ¹	7,241	8,235	7,550	6,680	8,098	7,514	7,687	7,940
Change	-	13.73%	-8.32%	-11.52%	21.23%	-7.21%	2.3%	3.29%
Net income ¹	6,230	6,833	6,315	5,732	6,920	6,364	6,534	6,771
Change	-	9.68%	-7.58%	-9.23%	20.73%	-8.04%	2.68%	3.62%
Announcement Date	1/28/20	1/26/21	1/25/22	1/24/23	1/23/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	15,878	15,651	16,220	16,495	17,032	16,258	17,029	16,028	17,729	14,964	15,446	16,583	18,991	15,126	16,693	16,878	18,874	17,195	18,122	17,104	18,759	17,600	18,459	18,209	19,662	18,428	19,773	19,399
Change	-	-1.43%	3.64%	1.7%	3.26%	-4.54%	4.74%	-5.88%	10.61%	-15.6%	3.22%	7.36%	14.52%	-20.35%	10.36%	1.11%	11.83%	-8.9%	5.39%	-5.62%	9.67%	-6.18%	4.88%	-1.35%	7.97%	-6.27%	7.3%	-1.9%
EBITDA ¹	2,471	2,423	2,393	2,466	2,652	2,518	2,526	2,623	2,820	2,262	2,306	2,452	2,732	2,362	2,469	2,392	2,714	2,380	2,507	2,530	2,444	2,456	2,576	2,563	2,684	2,600	2,815	2,764
Change	-	-1.94%	-1.24%	3.05%	7.54%	-5.05%	0.32%	3.84%	7.51%	-19.79%	1.95%	6.33%	11.42%	-13.54%	4.53%	-3.12%	13.46%	-12.31%	5.34%	0.92%	-3.4%	0.49%	4.88%	-0.5%	4.71%	-3.1%	8.24%	-1.81%
EBIT ¹	2,149	2,122	2,086	2,147	2,289	2,182	2,192	2,294	2,455	1,933	1,963	2,159	2,293	2,037	2,135	2,042	2,293	2,029	2,148	2,140	2,072	2,057	2,209	2,187	2,246	2,195	2,380	2,337
Change	-	-1.26%	-1.7%	2.92%	6.61%	-4.67%	0.46%	4.65%	7.02%	-21.26%	1.55%	9.98%	6.21%	-11.16%	4.81%	-4.36%	12.29%	-11.51%	5.86%	-0.37%	-3.18%	-0.72%	7.41%	-1.01%	2.71%	-2.27%	8.41%	-1.79%
Charge d'intérêts ¹	-157	-148	-149	-145	-149	-140	-142	-141	-146	-135	-141	-145	-202	-202	-223	-237	-254	-255	-261	-256	-259.3	-260.8	-261	-262	-265	-	-	-
Earnings before Tax (EBT) ¹	1,832	2,030	1,962	2,056	2,187	2,211	2,170	679	2,490	2,061	330	2,099	2,190	1,994	2,006	1,953	2,145	1,835	1,948	1,918	1,818	1,809	1,961	1,941	1,931	1,814	1,996	1,989
Change	-	10.81%	-3.35%	4.79%	6.37%	1.1%	-1.85%	-68.71%	266.72%	-17.23%	-83.99%	536.06%	4.34%	-8.95%	0.6%	-2.64%	9.83%	-14.45%	6.16%	-1.54%	-5.24%	-0.47%	8.42%	-1.04%	-0.49%	-6.08%	10.02%	-0.37%
Net income ¹	1,498	1,717	1,626	1,698	1,792	1,837	1,815	614	2,049	1,733	309	1,778	1,912	1,689	1,681	1,684	1,866	1,545	1,641	1,623	1,554	1,547	1,674	1,667	1,663	1,638	1,786	1,751
Change	-	14.62%	-5.3%	4.43%	5.54%	2.51%	-1.2%	-66.17%	233.71%	-15.42%	-82.17%	475.4%	7.54%	-11.66%	-0.47%	0.18%	10.81%	-17.2%	6.21%	-1.1%	-4.27%	-0.43%	8.23%	-0.46%	-0.23%	-1.48%	9.03%	-1.99%
Announcement Date	1/28/20	4/21/20	7/21/20	10/20/20	1/26/21	4/20/21	7/26/21	10/26/21	1/25/22	4/19/22	7/19/22	10/18/22	1/24/23	4/18/23	7/18/23	10/17/23	1/23/24	4/23/24	7/23/24	10/22/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Lockheed Martin Corporation

balance-sheet-analysis-chart LOCKHEED-MARTIN-CORPORATI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	11,140	9,009	8,072	12,882	16,017	16,630	16,673	16,260
Change	-	-19.13%	-10.4%	59.59%	24.34%	3.83%	0.26%	-2.48%
Announcement Date	1/28/20	1/26/21	1/25/22	1/24/23	1/23/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Lockheed Martin Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	1,484	1,766	1,522	1,670	1,691	1,750	1,816	1,852
Change	-	19%	-13.82%	9.72%	1.26%	3.51%	3.78%	1.94%
Free Cash Flow (FCF) ¹	5,827	6,417	7,699	6,132	6,229	6,187	6,413	6,734
Change	-	10.13%	19.98%	-20.35%	1.58%	-0.68%	3.66%	4.99%
Announcement Date	1/28/20	1/26/21	1/25/22	1/24/23	1/23/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Lockheed Martin Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	16.27%	15.19%	15.64%	14.78%	14.71%	13.85%	13.93%	14.09%
EBIT Margin (%)	14.29%	13.22%	13.61%	12.65%	12.59%	11.77%	11.82%	11.94%
EBT Margin (%)	12.11%	12.59%	11.26%	10.12%	11.98%	10.55%	10.37%	10.33%
Net margin (%)	10.42%	10.45%	9.42%	8.69%	10.24%	8.93%	8.82%	8.81%
FCF margin (%)	9.74%	9.81%	11.48%	9.29%	9.22%	8.68%	8.65%	8.76%
FCF / Net Income (%)	93.53%	93.91%	121.92%	106.98%	90.01%	97.22%	98.15%	99.45%
Profitability
ROA	13.48%	14.02%	12.43%	11.05%	13.14%	11.88%	12.2%	12.78%
ROE	177.49%	150.69%	74.41%	71.32%	85.96%	93.77%	99.59%	102.24%
Financial Health
Leverage (Debt/EBITDA)	1.14x	0.91x	0.77x	1.32x	1.61x	1.69x	1.62x	1.5x
Debt / Free cash flow	1.91x	1.4x	1.05x	2.1x	2.57x	2.69x	2.6x	2.41x
Capital Intensity
CAPEX / Current Assets (%)	2.48%	2.7%	2.27%	2.53%	2.5%	2.46%	2.45%	2.41%
CAPEX / EBITDA (%)	15.25%	17.78%	14.51%	17.12%	17.02%	17.74%	17.6%	17.11%
CAPEX / FCF (%)	25.47%	27.52%	19.77%	27.23%	27.15%	28.29%	28.32%	27.5%
Items per share
Cash flow per share ¹	25.76	29.1	33.24	29.49	31.53	33.17	35.09	38.24
Change	-	12.96%	14.23%	-11.3%	6.93%	5.21%	5.79%	8.96%
Dividend per Share ¹	9	9.8	10.6	11.4	12.15	12.81	13.52	14.28
Change	-	8.89%	8.16%	7.55%	6.58%	5.41%	5.57%	5.65%
Book Value Per Share ¹	11.17	21.56	40.44	36.48	27.21	28.29	28.65	31.68
Change	-	93.05%	87.57%	-9.79%	-25.41%	3.98%	1.28%	10.56%
EPS ¹	21.95	24.3	22.76	21.66	27.55	26.63	28.05	29.7
Change	-	10.71%	-6.34%	-4.83%	27.19%	-3.33%	5.33%	5.89%
Nbr of stocks (in thousands)	282,071	279,784	275,786	262,074	248,099	237,035	237,035	237,035
Announcement Date	1/28/20	1/26/21	1/25/22	1/24/23	1/23/24	-	-	-