Lockheed Martin Corporation (LMT)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 5,336,000 | 6,920,000 | 5,732,000 | 6,315,000 | 6,833,000 |
| Revenue | US$ in thousands | 71,043,000 | 67,571,000 | 65,984,000 | 67,044,000 | 65,398,000 |
| Net profit margin | 7.51% | 10.24% | 8.69% | 9.42% | 10.45% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $5,336,000K ÷ $71,043,000K
= 7.51%
Lockheed Martin Corporation's net profit margin has shown some fluctuations over the period from December 31, 2020, to December 31, 2024.
In December 31, 2020, the net profit margin stood at 10.45%, indicating that the company was able to generate a net profit of 10.45% for every dollar of revenue earned. However, by December 31, 2021, the net profit margin decreased to 9.42%, suggesting a slight decline in profitability.
The trend continued, with the net profit margin further dropping to 8.69% by December 31, 2022. This decline may indicate potential challenges in controlling costs or maintaining revenue levels relative to expenses during this period.
Nevertheless, Lockheed Martin Corporation was able to improve its profitability by December 31, 2023, with a net profit margin of 10.24%, showing a positive turnaround in the company's financial performance.
However, this improvement was short-lived as the net profit margin decreased significantly to 7.51% by December 31, 2024. This drop may raise concerns about the company's ability to manage costs effectively and generate profits in the future.
Overall, Lockheed Martin Corporation's net profit margin has displayed varying trends over the analyzed period, reflecting changes in the company's operational efficiency and financial health.