Lockheed Martin Corporation (LMT)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 6,930,000 | 8,479,000 | 8,287,000 | 9,061,000 | 8,654,000 |
| Revenue | US$ in thousands | 71,043,000 | 67,571,000 | 65,984,000 | 67,044,000 | 65,398,000 |
| Gross profit margin | 9.75% | 12.55% | 12.56% | 13.52% | 13.23% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $6,930,000K ÷ $71,043,000K
= 9.75%
Lockheed Martin Corporation's gross profit margin has shown some fluctuations over the years based on the provided data.
As of December 31, 2020, the gross profit margin was 13.23%, which slightly increased to 13.52% by December 31, 2021. However, there was a decrease in the gross profit margin to 12.56% by December 31, 2022, and a slight further decrease to 12.55% by December 31, 2023.
The most significant drop occurred by December 31, 2024, where the gross profit margin decreased to 9.75%. This decline could indicate a decrease in profitability or an increase in the cost of goods sold for Lockheed Martin Corporation during that period.
Overall, it is essential for investors and stakeholders to monitor Lockheed Martin Corporation's gross profit margin closely to understand the company's ability to generate profits from its core business operations and to assess its cost management strategies.