Lockheed Martin Corporation (LMT)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 8,479,000 | 8,486,000 | 8,558,000 | 8,424,000 | 8,287,000 | 8,407,000 | 8,589,000 | 8,784,000 | 9,061,000 | 8,853,000 | 8,687,000 | 8,749,000 | 8,654,000 | 8,563,000 | 8,490,000 | 8,270,000 | 8,367,000 | 8,186,000 | 8,044,000 | 7,804,000 |
| Revenue (ttm) | US$ in thousands | 67,571,000 | 67,688,000 | 67,393,000 | 66,146,000 | 65,984,000 | 64,722,000 | 64,167,000 | 65,750,000 | 67,044,000 | 66,347,000 | 66,814,000 | 66,005,000 | 65,398,000 | 64,244,000 | 62,920,000 | 61,127,000 | 59,812,000 | 58,345,000 | 57,492,000 | 56,463,000 |
| Gross profit margin | 12.55% | 12.54% | 12.70% | 12.74% | 12.56% | 12.99% | 13.39% | 13.36% | 13.52% | 13.34% | 13.00% | 13.26% | 13.23% | 13.33% | 13.49% | 13.53% | 13.99% | 14.03% | 13.99% | 13.82% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $8,479,000K ÷ $67,571,000K
= 12.55%
Lockheed Martin Corp.'s gross profit margin has shown some fluctuations over the past eight quarters. It ranged from 12.68% to 13.39% during this period. The gross profit margin represents the percentage of revenue that exceeds the cost of goods sold, and it reflects the efficiency of the company's production and pricing strategies. A higher gross profit margin indicates that the company is effectively managing its production costs relative to the selling price of its products and services.
The trend in Lockheed Martin's gross profit margin suggests some variability but remains relatively steady around the 12-13% range. A declining trend from 13.39% in June 2022 to 12.68% in December 2023 may be an area of concern, warranting further investigation into the factors contributing to this decline. It is important to analyze this metric in conjunction with other financial ratios and operational factors to gain a comprehensive understanding of the company's financial performance and efficiency in generating profits from its core business activities.
See also:
Lockheed Martin Corporation Gross Profit Margin (Quarterly Data)