Lockheed Martin Corporation has reported its financial results for the fourth quarter and full year of 2025. The company's sales for 2025 increased by 6% to $75.0 billion compared to the previous year. Net earnings for 2025 were $5.0 billion, or $21.49 per share. The company also achieved a cash flow from operations of $8.6 billion and free cash flow of $6.9 billion in 2025.
During the fourth quarter of 2025, Lockheed Martin reported sales of $20.3 billion, compared to $18.6 billion in the fourth quarter of 2024. Net earnings in the fourth quarter of 2025 were $1.3 billion, or $5.80 per share, compared to $527 million, or $2.22 per share in the fourth quarter of 2024.
The company's cash flow from operations increased to $3.2 billion in the fourth quarter of 2025 from $1.0 billion in the fourth quarter of 2024. Free cash flow also saw a significant increase to $2.8 billion in the fourth quarter of 2025, after a pension contribution of $860 million, compared to $441 million in the fourth quarter of 2024.
Lockheed Martin's backlog stood at a record $194 billion at the end of 2025, indicating strong demand for the company's capabilities. Looking ahead to 2026, the company provided a financial outlook, expecting sales and reported segment operating profit growth of approximately 5% and 25% year-over-year, respectively. Free cash flow for 2026 is expected to be between $6.5 to $6.8 billion, showing an increase compared to prior expectations.
The company's business segment operating profit for the year ended December 31, 2025, was $6.743 billion, compared to $6.083 billion in 2024. Similarly, free cash flow for the same period was $6.908 billion, a notable increase from $5.287 billion in 2024.
Today the company's shares have moved 0.79% to a price of $582.43. For the full picture, make sure to review LOCKHEED MARTIN CORP's 8-K report.
