Lockheed Martin Corp. (NYSE:LMT) on Thursday reported its fourth quarter and full year 2025 results, posting higher revenue year over year while reporting an earnings miss for the quarter.
Fourth-quarter sales rose to $20.321 billion from $18.622 billion a year earlier. Net earnings were $1.344 billion, or $5.80 per diluted share, compared with $527 million, or $2.22 per share, in the prior-year quarter.
Fourth-quarter GAAP EPS of $5.80 missed an analyst estimate of $5.86, while revenue of $20.321 billion beat an estimate of $19.849 billion.
Cash from operations in the quarter was $3.219 billion, compared with $1.023 billion a year earlier. Free cash flow was $2.756 billion, compared with $441 million in the fourth quarter of 2024, “after a pension contribution of $860 million.”
In the quarter, Aeronautics sales rose 6% year over year to $8.524 billion, with operating profit of $782 million and an operating margin of 9.2%. Missiles and Fire Control posted an 18% increase in sales to $4.020 billion, generating an operating profit of $535 million and a margin of 13.3%.
Rotary and Mission Systems reported sales of $4.616 billion, up 8% year over year, with operating profit of $468 million and a 10.1% margin. Space sales increased 8% to $3.161 billion, while operating profit was $273 million and the operating …