Lockheed Martin (LMT) Financial Forecast Calculator
Interactive 5-year forecast and DCF for Lockheed Martin. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from Lockheed Martin’s most recent SEC filings.
Assumptions
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Keep iterating on the Lockheed Martin forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.
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Frequently asked
What does Lockheed Martin do?+
Lockheed Martin is a global security and aerospace company that researches, designs, develops, manufactures, integrates, and sustains advanced technology systems. It serves as the largest defense contractor for the United States Government, which accounts for approximately 73% of its total consolidated net sales.
What are Lockheed Martin's main sources of revenue?+
Lockheed Martin's revenue is primarily driven by its Aeronautics segment, dominated by the F-35 Lightning II program, which accounted for 40.3% of FY2025 revenue. Other significant segments include Rotary and Mission Systems, Missiles and Fire Control, and Space, all serving long-term defense contracts.
What is the assumed revenue growth rate for Lockheed Martin in the financial model?+
The financial model projects Lockheed Martin's revenue to grow at an annual rate of approximately 3.1%. This growth is supported by the company's $194 billion backlog and long-term defense contract visibility.
What is the purpose of the Lockheed Martin financial model?+
The financial model projects Lockheed Martin's future cash flows and earnings to determine its intrinsic equity value. This analysis enables an equity research analyst to issue a buy, hold, or sell recommendation based on the company's robust backlog and long-term defense contract visibility.
Can I download an Excel financial model for Lockheed Martin?+
Yes, an Excel financial model for Lockheed Martin is available for download. This general corporate model forecasts the company's financials for the FY2026–FY2030 horizon.
How does Lockheed Martin manage its working capital?+
Lockheed Martin frequently operates with negative net working capital due to substantial contract liabilities, which include advance payments from the US Government. This structure effectively serves as a source of funding for the company's operations.
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