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Lockheed Martin Corporation  (LMT)
Other Ticker:  
 
    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods


Lockheed Martin's Effective Tax Rate by quarter

Trends, Rankings, Statistics



LMT Effective Tax Rate (Dec 31 2023)
IV. Quarter
(Sep 24 2023)
III. Quarter
(Jun 25 2023)
II. Quarter
(Mar 26 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Pre-Tax Income Change -2.05 % -6.96 % 507.88 % -3.25 % -12.05 %
Seq. Pre-Tax Income Change 9.83 % -2.64 % 0.6 % -8.95 % 4.34 %
Pre-Tax Income In Millions $2,145.00 $1,953.00 $2,006.00 $1,994.00 $2,190.00
Effective Tax Rate 13.01 % 13.77 % 16.2 % 15.3 % 12.69 %
Effective Tax Rate Total Ranking # 271 # 409 # 498 # 414 # 453
Income taxes expenses / -benefit In Millions $279.00 $269.00 $325.00 $305.00 $278.00
Y / Y Income taxes expenses / -benefit Change 0.36 % -16.2 % 1447.62 % -7.01 % -36.96 %
Seq. Income taxes expenses / -benefit Change 3.72 % -17.23 % 6.56 % 9.71 % -13.4 %


Commenting fourth Quarter 2023 Effective Tax Rate
Company's effective tax rate in IV. Quarter decreased compare to previous quarter to 13.01 %, below company's average Effective Tax Rate.

Looking into IV. Quarter results within Aerospace & Defense industry only one company achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has impoved so far to 271, from total ranking in previous quarter at 409.

LMT's Effective Tax Rate fourth quarter 2023 Company Ranking
Within: No.
Aerospace & Defense Industry # 2
Capital Goods Sector # 21
Overall # 271

LMT's Effective Tax Rate Statistics
High Average Low
142.26 % 27.06 % 6.36 %
(Dec 31 2017)   (Jun 26 2022)




Other Effective Tax Rate Profitability Ratios
LMT's Cumulative Effective Tax Rate
Aerospace & Defense Industry Effective Tax Rate Trends and Statistics
Capital Goods Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
LMT's Effective Tax Rate Profitability versus Aerospace & Defense Industry, Capital Goods Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for LMT's Competitors
Effective Tax Rate Profit Margin for Lockheed Martin's Suppliers
Effective Tax Rate Profit Margin for LMT's Customers

You may also want to know
LMT's Annual Growth Rates LMT's Profitability Ratios LMT's Asset Turnover Ratio LMT's Dividend Growth
LMT's Roe LMT's Valuation Ratios LMT's Financial Strength Ratios LMT's Income taxes expenses / -benefit Growth
LMT's Roa LMT's Inventory Turnover Ratio LMT's Growth Rates LMT's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Dec 31 2023, within Aerospace & Defense Industry Effective Tax RateDec 31 2023 MRQ Income taxes expenses / -benefitDec 31 2023 MRQ Pre-Tax Income
Kratos Defense and Security Solutions inc   26.32 %$ 2.000 $ 7.600 
Park Aerospace Corp   26.01 %$ 0.423 $ 1.626 
Aar Corp  24.92 %$ 7.900 $ 31.700 
Nextracker Inc   23.28 %$ 38.818 $ 166.779 
Leonardo Drs Inc   22.11 %$ 21.000 $ 95.000 
Spirit Aerosystems Holdings inc   22.06 %$ 21.400 $ 97.000 
Transdigm Group Incorporated  21.72 %$ 106.000 $ 488.000 
Textron Inc   13.48 %$ 31.000 $ 230.000 
National Presto Industries Inc  13.38 %$ 2.032 $ 15.191 
Lockheed Martin Corporation  13.01 %$ 279.000 $ 2,145.000 
Kaman Corporation  11.76 %$ 0.166 $ 1.411 




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