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

LMT's Net Income Growth by Quarter and Year

Lockheed Martin's Net Income results by quarter and year




LMT Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 1,866.00 1,912.00 2,049.00 1,792.00
III Quarter September 1,684.00 1,778.00 614.00 1,698.00
II Quarter June 1,681.00 309.00 1,815.00 1,626.00
I Quarter March 1,689.00 1,733.00 1,837.00 1,717.00
FY   6,920.00 5,732.00 6,315.00 6,833.00



LMT Net Income fourth quarter 2023 Y/Y Growth Comment
Lockheed Martin Corporation reported decrease in Net Income in the fourth quarter 2023 by -2.41% to $ 1,866.00 millions, from the same quarter in 2022.
The decrease in the fourth quarter 2023 Lockheed Martin Corporation's Net Income compares unfavorably to the Company's average Net Income increase of 14.61%.

Among companies who have reported fourth quarter 2023 results in the Aerospace & Defense industry only one Company has achieved higher year on year Net Income results in the fourth quarter 2023. While Lockheed Martin Corporation' s Net Income decline of -2.41% ranks overall at the positon no. 38 in the fourth quarter 2023.




LMT Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -2.41 % -6.69 % 14.34 % 19.63 %
III Quarter September -5.29 % 189.58 % -63.84 % 5.6 %
II Quarter June 444.01 % -82.98 % 11.62 % 14.51 %
I Quarter March -2.54 % -5.66 % 6.99 % 0.76 %
FY   20.73 % -9.23 % -7.58 % 9.68 %

Financial Statements
Lockheed Martin's fourth quarter 2023 Net Income $ 1,866.00 millions LMT's Income Statement
Lockheed Martin's fourth quarter 2022 Net Income $ 1,912.00 millions Quarterly LMT's Income Statement
New: More LMT's historic Net Income Growth >>


LMT Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December 10.81 % 7.54 % 233.71 % 5.54 %
III Quarter September 0.18 % 475.4 % -66.17 % 4.43 %
II Quarter June -0.47 % -82.17 % -1.2 % -5.3 %
I Quarter March -11.66 % -15.42 % 2.51 % 14.62 %
FY (Year on Year)   20.73 % -9.23 % -7.58 % 9.68 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Aerospace & Defense Industry #2
Capital Goods Sector #6
Overall #38

Net Income Y/Y Growth Statistics
High Average Low
152.05 % 14.61 % -62.24 %
(Dec 31 2018)   (Dec 31 2017)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Aerospace & Defense Industry #2
Capital Goods Sector #6
Overall #38
Net Income Y/Y Growth Statistics
High Average Low
152.05 % 14.61 % -62.24 %
(Dec 31 2018)   (Dec 31 2017)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Lockheed Martin's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
475.4 % 12.05 % -82.17 %
(Sep 25 2022)  


LMT's IV. Quarter Q/Q Net Income Comment
Lockheed Martin Corporation achieved in the IV. Quarter 2023 below company average Net Income rise of 10.81% quarter on quarter, to $ 1,866.00 millions.

IV. Quarter 2023 Net Income Q/Q growth seem to be a mixed bag, even if lower than the average, yet it demonstrates real acceleration measured to the 7.54% in the same quarter a year ago.

Within Aerospace & Defense industry Lockheed Martin Corporation achieved highest sequential Net Income growth. While Lockheed Martin's Net Income growth quarter on quarter, overall rank is 146.


Net Income Q/Q Growth Company Ranking
Within: No.
Aerospace & Defense Industry #1
Capital Goods Sector #16
Overall #146
Net Income Q/Q Growth Company Ranking
Within: No.
Aerospace & Defense Industry #1
Capital Goods Sector #16
Overall #146
Net Income Q/Q Growth Statistics
High Average Low
475.4 % 12.05 % -82.17 %
(Sep 25 2022)  


LMT's IV. Quarter Q/Q Net Income Comment
Lockheed Martin Corporation achieved in the IV. Quarter 2023 below company average Net Income rise of 10.81% quarter on quarter, to $ 1,866.00 millions.

IV. Quarter 2023 LMT's performance were paradoxical, although lower than the ordinary, yet it demonstrates a quite acceleration relative to the 7.54% in the IV. Quarter a year ago Pablo Romero, an industry researcher wrote.

Within Aerospace & Defense industry Lockheed Martin Corporation achieved highest sequential Net Income growth. While Lockheed Martin's Net Income growth quarter on quarter, overall rank is 146.


Lockheed Martin's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 24 2023)
12 Months Ending
(Jun 25 2023)
12 Months Ending
(Mar 26 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 6,920.00 $ 6,966.00 $ 7,060.00 $ 5,688.00 $ 5,732.00
Y / Y Net Income Growth (TTM) 20.73 % 18.69 % 50.05 % -8.42 % -9.23 %
Year on Year Net Income Growth Overall Ranking # 45 # 31 # 51 # 43 # 1007
Seqeuential Net Income Change (TTM) -0.66 % -1.33 % 24.12 % -0.77 % -2.33 %
Seq. Net Income Growth (TTM) Overall Ranking # 38 # 16 # 48 # 35 # 817




Cumulative Net Income growth Comment
Lockheed Martin saw improvement in Net Income growth trend, posting cumulative 12 months Net Income growth of 20.73% year on year, to $ 6,920 millions if the fiscal year would have ended in Dec 31 2023.
Lockheed Martin's trailing twelve months Net Income growth was higher than company's average 14.61% and higher than 18.69% growth in Sep 24 2023. Company had also second best Net Income growth in Aerospace & Defense industry.

Among companies within the Capital Goods sector 6 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 31 to 45.

Net Income TTM Q/Q Growth Statistics
High Average Low
152.05 %
14.61 %
-62.24 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Aerospace & Defense Industry # 2
Capital Goods Sector # 7
Overall # 45

Net Income TTM Y/Y Growth Statistics
High Average Low
152.05 %
14.61 %
-62.24 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 6
S&P 500 # 38
Cumulative Net Income growth Comment
Lockheed Martin saw improvement in Net Income growth trend, posting cumulative 12 months Net Income growth of 20.73% year on year, to $ 6,920 millions if the fiscal year would have ended in Dec 31 2023.
Lockheed Martin's trailing twelve months Net Income growth was higher than company's average 14.61% and higher than 18.69% growth in Sep 24 2023. Company had also second best Net Income growth in Aerospace & Defense industry.

Among companies within the Capital Goods sector 6 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 31 to 45.

Net Income TTM Q/Q Growth Statistics
High Average Low
152.05 %
14.61 %
-62.24 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Aerospace & Defense Industry # 2
Capital Goods Sector # 7
Overall # 45

Net Income TTM Y/Y Growth Statistics
High Average Low
152.05 %
14.61 %
-62.24 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 6
S&P 500 # 38




Other Net Income Growth
Aerospace & Defense Industry Net Income Growth Trends and Statistics
Capital Goods Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
LMT's Net Income Growth Ratio versus Aerospace & Defense Industry, Capital Goods Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for LMT's Competitors
Net Income Growth for Lockheed Martin's Suppliers
Net Income Growth 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 Dividend Payout Ratio
LMT's Roa LMT's Inventory Turnover Ratio LMT's Growth Rates LMT's Dividend Comparisons



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