Lockheed Martin Corporation (LMT)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 8,507,000 | 8,348,000 | 9,123,000 | 8,644,000 | 8,545,000 |
| Revenue | US$ in thousands | 67,571,000 | 65,984,000 | 67,044,000 | 65,398,000 | 59,812,000 |
| Operating profit margin | 12.59% | 12.65% | 13.61% | 13.22% | 14.29% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $8,507,000K ÷ $67,571,000K
= 12.59%
Lockheed Martin Corp.'s operating profit margin has shown some fluctuations over the past five years. In 2019 and 2021, the operating profit margin was relatively high at 13.99% and 13.57% respectively, indicating strong operational efficiency. However, in 2020 and 2022, the operating profit margin dipped slightly to 13.27% and 12.71% respectively. Notably, in 2023, the operating profit margin saw a marginal decrease to 12.68%. This downward trend may suggest potential challenges in managing operating expenses or generating revenues, which could be a point of concern for investors and stakeholders. Further analysis of the company's cost structure and revenue generation may provide insight into the factors contributing to these fluctuations in operating profit margin.