Lockheed Martin (LMT), a leading aerospace and defense contractor, will release its fourth-quarter fiscal 2025 results before the market opens on Thursday, January 29. Investors should track Lockheed Martin’s key performance indicators (KPIs) as they reveal past results and shape future expectations.
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A KPI is a quantifiable metric like revenue growth, margins, or daily active users that provides insight into trends, efficiency, and potential challenges such as market changes or resource inefficiencies.
LMT’s Prime KPI: Program Backlog
Lockheed Martin’s program backlog reflects future revenue potential from secured contracts and its ability to win new orders exceeding current sales. Breaking it down by business segment highlights areas of strongest demand.
In Q3FY25, LMT’s total backlog reached $179.08 billion, driven by strong international demand for the F-35 and anticipated awards in key programs like JASSM, LARASM, and PAC-3.
Missiles and Fire Control and Space segments show robust growth from international demand and missile defense programs. Aeronautics benefits from steady F-35 orders despite classified program challenges. Rotary and Mission Systems faces headwinds from legacy program losses, but overall defense priorities remain strong. The company expects significant awards in the second half of the year, potentially driving a record backlog.
Is LMT a Good Stock to Buy?
Wall Street analysts expect Lockheed Martin to post earnings of $5.81 per share on revenue of $19.86 billion, representing solid growth over Q4FY24 figures.
On TipRanks, Lockheed Martin has a Hold consensus rating based on four Buys, eight Holds, and one Sell rating. The average Lockheed Martin price target of $575.38 implies 3.3% downside potential from current levels. Over the past year, LMT shares have surged over 30%.
