Lockheed Martin Corporation (LMT)
Profitability ratios
Return on sales
| 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 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% |
| Operating profit margin | 12.59% | 12.57% | 12.80% | 12.78% | 12.65% | 13.15% | 13.47% | 13.50% | 13.61% | 13.50% | 13.19% | 13.19% | 13.22% | 13.24% | 13.45% | 13.72% | 14.29% | 14.13% | 14.10% | 13.98% |
| Pretax margin | 11.98% | 12.03% | 12.30% | 10.00% | 10.12% | 10.78% | 8.66% | 11.25% | 11.26% | 10.92% | 12.83% | 12.67% | 12.51% | 12.18% | 12.09% | 11.98% | 12.11% | 11.81% | 11.63% | 11.38% |
| Net profit margin | 10.24% | 10.29% | 10.48% | 8.60% | 8.69% | 9.07% | 7.33% | 9.45% | 9.42% | 9.13% | 10.69% | 10.53% | 10.45% | 10.18% | 10.25% | 10.21% | 10.42% | 10.26% | 10.18% | 9.91% |
Lockheed Martin Corp.'s profitability ratios, as indicated by its gross profit margin, operating profit margin, pretax margin, and net profit margin, demonstrate the company's ability to generate profits from its operations. The gross profit margin has remained relatively stable around 12.68% to 13.39% over the past eight quarters, indicating effective cost management and pricing strategies. The operating profit margin, which measures the company's ability to control operating expenses, has also been consistent at around 12.68% to 13.39%.
The pretax margin reflects the company's ability to generate profits before accounting for taxes and has shown some variation, ranging from 8.66% to 12.30% over the same period. This may be attributed to changes in tax laws or other non-operating factors influencing the company's pre-tax profitability.
Furthermore, the net profit margin, which measures the company's bottom-line profitability after accounting for all expenses including taxes, has also exhibited variation, ranging from 7.33% to 10.48%. It is notable that the net profit margin has generally been in the range of 8.60% to 10.48%, indicating the company's ability to maintain a reasonable level of profitability after all expenses.
Overall, Lockheed Martin Corp. has demonstrated consistent gross and operating profitability, while variations in pretax and net profit margins may be indicative of external factors or changes in the company's tax environment.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 16.22% | 15.01% | 15.14% | 15.47% | 15.79% | 16.36% | 16.70% | 17.23% | 17.93% | 17.28% | 16.91% | 16.92% | 17.05% | 16.75% | 17.06% | 17.02% | 17.98% | 16.74% | 16.94% | 16.55% |
| Return on assets (ROA) | 13.19% | 12.29% | 12.39% | 10.41% | 10.84% | 11.28% | 9.09% | 12.06% | 12.41% | 11.69% | 13.71% | 13.52% | 13.47% | 12.88% | 13.00% | 12.68% | 13.11% | 12.15% | 12.23% | 11.73% |
| Return on total capital | 37.36% | 34.00% | 34.19% | 29.06% | 29.57% | 32.19% | 26.53% | 37.66% | 35.88% | 36.71% | 50.28% | 49.77% | 49.60% | 50.66% | 51.62% | 53.45% | 54.33% | 45.69% | 47.58% | 47.11% |
| Return on equity (ROE) | 101.24% | 75.11% | 76.41% | 58.97% | 61.86% | 49.05% | 41.16% | 62.10% | 57.62% | 62.90% | 109.51% | 110.16% | 113.60% | 132.02% | 171.93% | 181.17% | 199.23% | 153.74% | 205.26% | 226.90% |
Lockheed Martin Corp.'s profitability ratios indicate a strong performance over the past eight quarters. The operating return on assets (Operating ROA) has remained consistently high, ranging from 15.15% to 16.59%, with a notable peak of 17.05% in the first quarter of 2022. This signifies the company's ability to generate profits from its assets before interest and taxes.
The return on assets (ROA) has also shown a generally positive trend, fluctuating between 10.41% and 13.19%. This indicates the company's efficiency in utilizing its assets to generate profits for its stakeholders.
The return on total capital has demonstrated strong performance ranging from 32.63% to 41.03% over the eight quarters, indicative of the company's ability to deliver significant returns relative to its total capital base.
Furthermore, the return on equity (ROE) has been exceptional, achieving levels as high as 101.24% in the fourth quarter of 2023. This suggests that the company has been generating substantial profits in relation to shareholders' equity.
Overall, the profitability ratios reflect Lockheed Martin Corp.'s consistent ability to generate profits from its assets and capital, highlighting its strong financial performance.
See also:
Lockheed Martin Corporation Profitability Ratios (Quarterly Data)