Lockheed Martin Corporation (LMT)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 6,220,000 | 7,846,000 | 7,881,000 | 7,939,000 | 8,098,000 | 8,143,000 | 8,289,000 | 6,613,000 | 6,680,000 | 6,980,000 | 5,560,000 | 7,400,000 | 7,550,000 | 7,247,000 | 8,624,000 | 8,416,000 | 8,235,000 | 7,880,000 | 7,605,000 | 7,326,000 |
| Revenue (ttm) | US$ in thousands | 71,043,000 | 71,295,000 | 71,069,000 | 69,640,000 | 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 |
| Pretax margin | 8.76% | 11.00% | 11.09% | 11.40% | 11.98% | 12.03% | 12.30% | 10.00% | 10.12% | 10.78% | 8.66% | 11.25% | 11.26% | 10.92% | 12.91% | 12.75% | 12.59% | 12.27% | 12.09% | 11.98% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $6,220,000K ÷ $71,043,000K
= 8.76%
Lockheed Martin Corporation's pretax margin, which reflects the company's ability to generate operating profits before accounting for taxes, has shown fluctuations over the period from March 31, 2020, to December 31, 2024.
Starting at a level of 11.98% on March 31, 2020, the pretax margin increased gradually, reaching a peak of 12.91% on June 30, 2021. However, there was a notable decline to 10.92% by September 30, 2021. The pretax margin continued to fluctuate, showing a downward trend until June 30, 2022, where it dropped to 8.66%.
From there on, there was a gradual recovery in the pretax margin, with improvement seen in the subsequent quarters. Notably, the pretax margin peaked again at 12.30% on June 30, 2023. However, by December 31, 2024, the pretax margin decreased significantly to 8.76%.
Overall, the pretax margin of Lockheed Martin Corporation has shown variability over the period, with fluctuations indicating potential challenges in maintaining consistent profitability levels. It is essential for stakeholders to monitor these trends closely to assess the company's financial performance and strategic initiatives in managing operating costs and profitability.