What is the 13F Pro Quality Score for LMT?

13F Pro ranks LOCKHEED MARTIN CORP (LMT) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View LMT's current score at https://13fpro.ai/company/LMT (free sign-up required for the full ranking).

Which hedge funds own the most LMT stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of LMT include STATE STREET, BlackRock,, VANGUARD CAPITAL MANAGEMENT. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/LMT as soon as new 13F filings post.

Where does 13F Pro source LMT data?

All LOCKHEED MARTIN CORP fundamentals and ownership data come directly from SEC EDGAR. LOCKHEED MARTIN CORP files with the SEC under CIK 936468. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is LMT in?

LOCKHEED MARTIN CORP (LMT) is classified in the Industrials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/industrials.

What drives LMT's revenue?

Per LOCKHEED MARTIN CORP's latest 10-Q filed with the SEC on 2026-07-23, the biggest revenue drivers are: Aeronautics ($8,112M, +9% YoY); F-35 program (~28% of total consolidated sales); Rotary and Mission Systems ($4,354M, +9% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/LMT.

What are LMT's largest expenses?

LOCKHEED MARTIN CORP's latest 10-Q reports these as the largest expense items: Product operating costs ($15,063M, +4% YoY); Service operating costs ($2,862M, -9% YoY); Interest expense ($266M). Sourced directly from SEC EDGAR filing text for Q2 2026 (quarter ended June 28, 2026).

How often is LMT research updated on 13F Pro?

LMT's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

LOCKHEED MARTIN CORP(LMT)Stock Analysis

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13F Pro Quality Score

65.6/100

Rank #469 of 2,961 stocksTOP 25%

View Industrials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

45.7/100

Profitability

64.5/100

Balance Sheet

86.1/100

Earnings Quality

62.0/100

Free Cash Flow

58.4/100

Institutional Flow

56.5/100

Revenue Scale

98.0/100

Dilution Risk

78.5/100

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Why LMT Scores 66/100

exact factor attribution · 2026-09-11

LMT's composite is driven by scale and capital efficiency. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Scale

+7.2 pts

98th pct

Capital efficiency

+3.6 pts

86th pct

Profitability

+2.2 pts

65th pct

Shareholder dilution

+1.4 pts

79th pct

Free cash flow

+1.3 pts

58th pct

Earnings quality

+1.2 pts

62th pct

Institutional flow

+0.3 pts

57th pct

Earnings growth

-0.7 pts

36th pct

Revenue growth

-0.9 pts

46th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

LMT Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for LOCKHEED MARTIN CORP (LMT), a Industrials sector company. 13F Pro's AI-powered ranking engine scores LMT at 65.6/100 on a 32-signal composite quality model, placing it at rank #469 of 2,961 stocks — the top 25% of the AI-ranked universe. LMT scores in the top quartile across revenue scale (98.0), balance sheet strength (86.1). Based on the latest XBRL financial filings (Q2 2026), LOCKHEED MARTIN CORP reports quarterly revenue of $20.1B, net income of $1.8B, an operating margin of 12.4%. Top institutional holders of LMT by reported 13-F value include STATE STREET, BlackRock, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. LMT trades on the NYSE exchange and files with the SEC under CIK 936468. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate LMT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for LOCKHEED MARTIN CORP directly from SEC EDGAR. LOCKHEED MARTIN CORP's 13F Pro composite quality score has ranged between 52 and 75 since 2021, currently 65.6 — a declining long-term trajectory across 68 quarterly and live scoring snapshots.

✦

Fun facts about LOCKHEED MARTIN CORP

Quirks, history, and lore behind LMT — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. industrial company · mega-cap · listed on the NYSE · headquartered in Maryland.
2
The Numbers
Revenue of roughly $70 billion a year, with the U.S. government accounting for more than 70% of sales — your tax dollars, literally, at work.
3
The History
Born from a 1995 merger of two storied American aerospace giants, it traces its roots back to a California garage in 1912 and a WWII-era company famous for bombers.
4
The Secret
It runs a legendary classified research division nicknamed the 'Skunk Works,' responsible for some of the most secretive aircraft ever built — things you're still not allowed to know about.
5
The Lore
It built the SR-71 Blackbird — still the fastest air-breathing aircraft ever flown — and is the prime contractor for the F-35, the most expensive weapons program in human history.
6
The Giveaway
If it flies, floats, or fights for the U.S. military, there's a good chance this Bethesda-based defense titan built it — from stealth fighters to satellites to missile defense systems.

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What's Driving LMT's Business? Latest 10-Q Breakdown

✓ 53/53 datapoints verified

AI-extracted from LOCKHEED MARTIN CORP's 10-Q filed 2026-07-23 — Q2 2026 (quarter ended June 28, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Sales reached $20.1B and net earnings $1.8B ($7.94 per share) versus $342M, as prior-year reach-forward losses of $950M at Aeronautics and $570M at RMS did not recur.

Biggest Revenue Drivers

Aeronautics$8,112M+9% YoY

Higher F-35 production volume ($475M) plus $360M sales impact of the 2025 classified-contract reach-forward loss, partly offset by lower F-16/C-130 sustainment.

Rotary and Mission Systems$4,354M+9% YoY

$255M from the sales impact of 2025 CMHP and TUHP reach-forward losses and $115M on undersea combat systems and River Class Destroyer.

Biggest Revenue Drivers

Total revenue: $20.1B

Aeronautics$8,112M+9% YoY

Higher F-35 production volume ($475M) plus $360M sales impact of the 2025 classified-contract reach-forward loss, partly offset by lower F-16/C-130 sustainment.

Within Aeronautics

F-35 program~28% of total consolidated sales

19 F-35 aircraft delivered in the quarter; backlog of 317 aircraft.

Rotary and Mission Systems$4,354M+9% YoY

$255M from the sales impact of 2025 CMHP and TUHP reach-forward losses and $115M on undersea combat systems and River Class Destroyer.

Missiles and Fire Control$4,101M+19% YoY

$560M higher on integrated air and missile defense production ramps (PAC-3 and THAAD) and $100M on tactical and strike missiles (PrSM).

Space$3,496M+6% YoY

Higher sales of $190M on strategic and missile defense programs due to increased volume (Fleet Ballistic Missile and Next Generation Interceptor).

Largest Expense Items

Product operating costs$15,063M+4% YoY

Higher costs of $515M at MFC, $165M at RMS and $155M at Space on production ramp-up, offset by $240M lower at Aeronautics.

Service operating costs$2,862M-9% YoY

Lower service costs of approximately $410M at RMS, partially offset by approximately $75M higher at Aeronautics.

Interest expense$266M

Down from $274M; $1.2B of long-term notes repaid at scheduled maturity year-to-date.

Non-service FAS pension expense$80M

Down from $99M; FAS/CAS pension operating adjustment was a favorable $422M versus $379M.

Margins: Product costs fell to 89.8% of product sales from 95.5%, and service costs to 87.3% from 104.1%, lifting gross profit to $2,446M from $734M. Net favorable profit booking rate adjustments were $375M versus negative $1,045M.

Watch Items from the Filing

Aeronautics classified program cumulative losses remain approximately $1.8B, with $427M still accrued; management says additional losses could be material if performance or scope issues arise.
MFC classified program cumulative losses remain approximately $1.5B, $1.1B accrued; remaining unexercised fixed-price options are considered probable of exercise and expected to be performed at a loss.
Backlog reached $230.4B, up $36.8B in six months, primarily from an undefinitized contractual action for the THAAD program at MFC.
Guarantee of up to $500M of United Launch Alliance borrowings ($64M fair value recognized) after Vulcan Centaur performance challenges; further support and impairment losses possible.
F-35 represented approximately 28% of total consolidated sales; announced $3.45B Ultra Maritime acquisition to be funded with cash and additional financing, closing expected fourth quarter 2026.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$20.1B

Net Income

Q2 2026

$1.8B

Free Cash Flow

Q2 2026

$2.9B

Operating Margin

Q2 2026

12.4%

ROIC

Q2 2026

33.8%

D/E Ratio

Q2 2026

2.34

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+5.6% YoY

$75.05BFY 2025

FY22 $65.98BFY23 $67.57BFY24 $71.04BFY25 $75.05B

Net Income

-6.0% YoY

$5.02BFY 2025

FY22 $5.73BFY23 $6.92BFY24 $5.34BFY25 $5.02B

Operating Income

+10.2% YoY

$7.73BFY 2025

FY22 $8.35BFY23 $8.51BFY24 $7.01BFY25 $7.73B

EPS (Diluted)

-3.7% YoY

$21.49FY 2025

FY22 $21.66FY23 $27.55FY24 $22.31FY25 $21.49

Total Assets

+7.6% YoY

$59.84BFY 2025

FY22 $52.88BFY23 $52.46BFY24 $55.62BFY25 $59.84B

Total Debt

+9.3% YoY

$22.87BFY 2025

FY22 $15.66BFY23 $17.63BFY24 $20.91BFY25 $22.87B

Op. Cash Flow

+22.7% YoY

$8.56BFY 2025

FY22 $7.80BFY23 $7.92BFY24 $6.97BFY25 $8.56B

Free Cash Flow

+30.7% YoY

$6.91BFY 2025

FY22 $6.13BFY23 $6.23BFY24 $5.29BFY25 $6.91B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$75.05B +5.6%	$71.04B +5.1%	$67.57B +2.4%	$65.98B -1.6%	$67.04B +2.5%	$65.40B
Net Income	$5.02B -6.0%	$5.34B -22.9%	$6.92B +20.7%	$5.73B -9.2%	$6.32B -7.6%	$6.83B
Operating Income	$7.73B +10.2%	$7.01B -17.6%	$8.51B +1.9%	$8.35B -8.5%	$9.12B +5.5%	$8.64B
EPS (Diluted)	$21.49 -3.7%	$22.31 -19.0%	$27.55 +27.2%	$21.66 -4.8%	$22.76 -6.3%	$24.30
Total Assets	$59.84B +7.6%	$55.62B +6.0%	$52.46B -0.8%	$52.88B +3.9%	$50.87B +0.3%	$50.71B
Total Debt	$22.87B +9.3%	$20.91B +18.6%	$17.63B +12.5%	$15.66B +34.0%	$11.69B -11.2%	$13.17B
Operating Cash Flow	$8.56B +22.7%	$6.97B -12.0%	$7.92B +1.5%	$7.80B -15.4%	$9.22B +12.7%	$8.18B
Free Cash Flow	$6.91B +30.7%	$5.29B -15.1%	$6.23B +1.6%	$6.13B -20.4%	$7.70B +20.0%	$6.42B

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Available Research

13F Pro tracks comprehensive data for LOCKHEED MARTIN CORP including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of LMT

STATE STREET CORP
$16.8B32,975,170 sh
BlackRock, Inc.
$9.6B18,877,978 sh
VANGUARD CAPITAL MANAGEMENT LLC
$7.2B14,158,758 sh
CHARLES SCHWAB INVESTMENT MANAGEMENT INC
$4.0B7,806,000 sh
MORGAN STANLEY
$2.9B5,706,408 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$2.8B5,559,369 sh
GEODE CAPITAL MANAGEMENT, LLC
$2.7B5,216,758 sh
Invesco Ltd.
$1.2B2,426,642 sh
BANK OF AMERICA CORP /DE/
$1.2B2,284,661 sh
Sanders Capital, LLC
$1.1B2,093,533 sh

Fund	Value	Shares
STATE STREET CORP	$16.8B	32,975,170
BlackRock, Inc.	$9.6B	18,877,978
VANGUARD CAPITAL MANAGEMENT LLC	$7.2B	14,158,758
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$4.0B	7,806,000
MORGAN STANLEY	$2.9B	5,706,408
VANGUARD PORTFOLIO MANAGEMENT LLC	$2.8B	5,559,369
GEODE CAPITAL MANAGEMENT, LLC	$2.7B	5,216,758
Invesco Ltd.	$1.2B	2,426,642
BANK OF AMERICA CORP /DE/	$1.2B	2,284,661
Sanders Capital, LLC	$1.1B	2,093,533

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Is LMT a good stock to buy?

13F Pro's AI-powered analysis of LOCKHEED MARTIN CORP (LMT) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for LMT are available on the LMT stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. LMT is classified as a large company.

Which hedge funds own LMT?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling LMT. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of LOCKHEED MARTIN CORP's investment landscape.