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Lockheed (LMT) Reports Q3 Earnings: What Key Metrics Have to Say

By Zacks Equity Research | October 21, 2025, 9:30 AM

Lockheed Martin (LMT) reported $18.61 billion in revenue for the quarter ended September 2025, representing a year-over-year increase of 8.8%. EPS of $6.95 for the same period compares to $6.84 a year ago.

The reported revenue represents a surprise of +0.28% over the Zacks Consensus Estimate of $18.56 billion. With the consensus EPS estimate being $6.33, the EPS surprise was +9.79%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Lockheed performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Sales- Aeronautics: $7.26 billion compared to the $7 billion average estimate based on five analysts. The reported number represents a change of +11.9% year over year.
  • Sales- Rotary and Mission Systems: $4.37 billion compared to the $4.72 billion average estimate based on five analysts. The reported number represents a change of +0.1% year over year.
  • Sales- Missiles and Fire Control: $3.62 billion compared to the $3.55 billion average estimate based on five analysts. The reported number represents a change of +14.1% year over year.
  • Sales- Space: $3.36 billion versus $3.25 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +9.1% change.
  • Operating profit (loss)- Aeronautics: $682 million versus the five-analyst average estimate of $680.69 million.
  • Operating profit (loss)- Space: $331 million compared to the $287.26 million average estimate based on five analysts.
  • Operating profit (loss)- Rotary and Mission Systems: $506 million compared to the $473.63 million average estimate based on five analysts.
  • Operating profit (loss)- Missiles and Fire Control: $510 million versus $520.99 million estimated by five analysts on average.

View all Key Company Metrics for Lockheed here>>>

Shares of Lockheed have returned +5.3% over the past month versus the Zacks S&P 500 composite's +1.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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