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/research/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/research/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 2026-04-23, the biggest revenue drivers are: Aeronautics ($6.953B, -1.5% YoY); Rotary and Mission Systems ($3.991B, -7.8% YoY); Missiles and Fire Control ($3.649B, +8.2% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/LMT.

What are LMT's largest expenses?

LOCKHEED MARTIN CORP's latest 10-Q reports these as the largest expense items: Product operating costs ($13.398B, +0.9% YoY); Service operating costs ($2.784B, +5.5% YoY); Interest expense ($269M, +0.4% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 29, 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

65.0/100

Rank #601 of 2,879 stocksTOP 25%

View Industrials peers →

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

Revenue Growth

51.2/100

Profitability

53.8/100

Balance Sheet

83.5/100

Earnings Quality

25.4/100

Free Cash Flow

51.8/100

Institutional Flow

75.3/100

Revenue Scale

98.2/100

Dilution Risk

78.5/100

LMT Stock Analysis & AI Quality Score

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 65.0/100 on a 32-signal composite quality model, placing it at rank #601 of 2,879 stocks — the top 25% of the AI-ranked universe. LMT scores in the top quartile across revenue scale (98.2), balance sheet strength (83.5), institutional flow (75.3). Areas of concern include earnings quality (25.4), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), LOCKHEED MARTIN CORP reports quarterly revenue of $18.0B, net income of $1.5B, an operating margin of 11.5%. 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 8 and 75 since 2021, currently 65.0 — a declining long-term trajectory across 56 quarterly and live scoring snapshots.

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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

AI-extracted from LOCKHEED MARTIN CORP's 10-Q filed 2026-04-23 — Q1 2026 (quarter ended March 29, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Q1 sales of $18.0B declined 0.3% YoY as F-35 gains offset lower Aeronautics classified work; net earnings fell 13% to $1.5B due to unfavorable profit adjustments on F-16 and C-130 programs.

Biggest Revenue Drivers

Total revenue: $18.0B-0.3% YoY

Aeronautics$6.953B-1.5% YoY

Lower volume on classified programs and F-16 offset by higher F-35 sustainment sales.

Rotary and Mission Systems$3.991B-7.8% YoY

Lower volume on radar programs and CH-53K helicopter programs.

Missiles and Fire Control$3.649B+8.2% YoY

Production ramp-up on PAC-3, JASSM, LRASM and PrSM missile programs.

Space$3.428B+6.9% YoY

Higher volume on Fleet Ballistic Missile and Next Generation Interceptor programs.

Largest Expense Items

Product operating costs$13.398B+0.9% YoY

Higher costs at MFC and Space from production ramp-up, offset by lower volumes at RMS and Aeronautics.

Service operating costs$2.784B+5.5% YoY

Higher service costs at Aeronautics consistent with increased F-35 sustainment activity.

Interest expense$269M+0.4% YoY

Debt repayment of $1.0B during quarter offset interest changes.

Watch Items from the Filing

Aeronautics classified program cumulative losses of $1.8B remain accrued; additional losses possible if performance issues or scope increases arise during development and testing.
MFC classified program cumulative losses of $1.46B ($1.12B accrued in current liabilities); future phase options expected to each be at a loss, with potential for material additional losses.
Canadian Maritime Helicopter Program: $670M cumulative losses recognized, $605M contract assets remain; restructuring discussions ongoing, potentially risking contract termination.
Turkish Utility Helicopter Program: $130M cumulative losses; new reduced-scope contracts effective January 2026 dependent on U.S. export authorizations; exposure of up to $115M if licenses not obtained.
F-35 program represented 27% of total consolidated sales in Q1 2026 (up from 25% prior year), with 32 aircraft delivered and 336 aircraft remaining in backlog.

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

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

Revenue

Q1 2026

$18.0B

Net Income

Q1 2026

$1.5B

Free Cash Flow

Q1 2026

$-291.0M

Operating Margin

Q1 2026

11.5%

D/E Ratio

Q1 2026

2.76

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

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

AI Insight: LMT Financial Trends

Revenue growth stalled while debt surged 7.5% year-over-year; operating cash flow collapsed in Q1 2026 despite stable margins.

• Operating margin remained stable at 11.4–11.8% across 2025, but Q1 2026 margin compressed to 11.4% from Q4 2025's 11.5%.

• Total debt rose from $19.3B in Q3 2024 to $20.7B in Q1 2026, a 7.2% increase, while equity volatility widened.

• Q1 2026 operating cash flow collapsed to $220M from Q3 2025's $3.7B peak, a 94% sequential decline.

⚠ Net income swung wildly: Q2 2025 posted only $342M (1.9% margin), the lowest in 8 quarters; recovery incomplete.

⚠ Leverage rising (debt/equity ratio reached 2.77x in Q1 2026) while free cash conversion deteriorated sharply in latest quarter.

AI Insight: LMT Ratio Trends

Operating margin recovered to 11.5% in Q1 2026, but annualized ROIC fell to 29.3%—below the 31–35% range seen in the prior three quarters.

• OpMargin stabilized at 11.5% in Q1 2026 after Q4 2025's 11.5%, reversing Q2 2025's sharp 4.1% trough.

• ROIC declined from 31.5% (Q4 2025) to 29.3% (Q1 2026)—the lowest quarterly reading since Q2 2024's 33.8%.

• Leverage improved: D/E dropped to 2.76 in Q1 2026 from 3.40 in Q4 2025, matching TTM levels.

⚠ Quarterly ROIC volatility persists—swings from 10.2% to 35.2% signal uneven earnings or working capital timing.

⚠ TTM net profit margin compressed to 6.4% vs. 9.5% in Q1 2025—largest deterioration among profitability metrics.

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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
$19.7B32,555,588 sh
BlackRock, Inc.
$10.8B17,832,713 sh
VANGUARD CAPITAL MANAGEMENT LLC
$8.5B14,065,488 sh
CHARLES SCHWAB INVESTMENT MANAGEMENT INC
$4.3B7,152,449 sh
MORGAN STANLEY
$3.4B5,664,857 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$3.2B5,330,585 sh
GEODE CAPITAL MANAGEMENT, LLC
$3.1B5,072,402 sh
BANK OF AMERICA CORP /DE/
$1.6B2,695,689 sh
FMR LLC
$1.4B2,250,073 sh
Invesco Ltd.
$1.2B1,959,489 sh

Fund	Value	Shares
STATE STREET CORP	$19.7B	32,555,588
BlackRock, Inc.	$10.8B	17,832,713
VANGUARD CAPITAL MANAGEMENT LLC	$8.5B	14,065,488
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$4.3B	7,152,449
MORGAN STANLEY	$3.4B	5,664,857
VANGUARD PORTFOLIO MANAGEMENT LLC	$3.2B	5,330,585
GEODE CAPITAL MANAGEMENT, LLC	$3.1B	5,072,402
BANK OF AMERICA CORP /DE/	$1.6B	2,695,689
FMR LLC	$1.4B	2,250,073
Invesco Ltd.	$1.2B	1,959,489

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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.

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.