Lockheed Martin reported its financial results for the third quarter of 2025, showing growth in various key metrics compared to the same period in 2024.
Sales for the third quarter of 2025 were $18.6 billion, up from $17.1 billion in the third quarter of 2024, indicating a 9% increase.
Net earnings for the third quarter of 2025 were $1.6 billion, or $6.95 per share, compared to $1.6 billion, or $6.80 per share, in the third quarter of 2024, showing a slight increase in both the absolute amount and earnings per share.
Cash from operations also saw a significant increase, reaching $3.7 billion in the third quarter of 2025, compared to $2.4 billion in the third quarter of 2024, marking a 54% rise.
Free cash flow followed a similar trend, amounting to $3.3 billion in the third quarter of 2025, up from $2.1 billion in the third quarter of 2024, indicating a substantial 59% increase.
The company also noted a record backlog of $179 billion, reflecting continued strong demand for its products and services and underpinning its long-term growth prospects.
In terms of capital deployment, Lockheed Martin returned $1.8 billion of cash to shareholders through dividends and share repurchases. The company also increased its share repurchase authority by $2 billion, bringing the total authorization to $9 billion, and raised its quarterly dividend by 5% to $3.45 per share.
Following these announcements, the company's shares moved 2.17%, and are now trading at a price of $505.90. For the full picture, make sure to review LOCKHEED MARTIN CORP's 8-K report.
