Buyback Radar
Company reports

Lockheed Martin

LMT

Lockheed Martin has retired 49.4% of its shares since 2002, from 455,709,443 to 230,790,753.

49.4%retired since 2002
16.3%last 5 years
0.3%last 12 months
231Mshares today
Shares outstanding, 1999 to todaysplit adjusted, from SEC filings
a quarter gone 2010456M shares, 2002231M200020052010201520202025
1999, 398,164,9992026-07-20, 230,790,753
A share bought in 1999
1.7× more of Lockheed Martin today, without buying another share. It was one of 398,164,999 shares then. It is one of 230,790,753 now.
Every filing we read27 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
19992000-01-31398,164,99910-Kcover page
20002001-01-31432,147,71310-Kcover page
20012002-01-31443,385,91910-Kcover page
20022003-01-31455,709,44310-Kcover page
20032004-01-31447,252,53610-Kcover page
20042005-01-31441,141,33810-Kcover page
20052006-01-31436,911,54210-Kcover page
20062007-01-31422,481,65510-Kcover page
20072008-01-31408,122,75610-Kcover page
20082009-01-31395,271,60910-Kcover page
20092010-01-31375,428,68010-K
20102011-01-31349,855,17910-K
20112012-01-31325,105,50010-K
20122013-01-31322,583,33410-K
20132014-01-31321,430,27110-K
20142015-01-23315,583,84910-K
20152016-01-29305,487,34710-K
20162017-01-27290,315,66810-K
20172018-01-26285,570,74210-K/A
20182019-01-25282,562,53410-K
20192020-01-31281,937,36610-K
20202021-01-22280,103,43110-K
20212022-01-19272,326,92510-K
20222023-01-20255,297,29810-K
20232024-01-19241,643,30410-K
20242025-01-23235,385,90210-K
20252026-01-26230,080,24010-K

Source: all 10-K filings of Lockheed Martin on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

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Lockheed Martin buybacks, answered

Is Lockheed Martin buying back its stock?

Only enough to stand still. The share count is roughly flat over the last twelve months, at 230,790,753 as of July 20, 2026. Over five years the share count is down 16.3%.

How many shares has Lockheed Martin bought back?

Net of every new share it issued, Lockheed Martin has 224.9 million fewer shares than at its 2002 peak. That is 49.4% of the company.

How many shares does Lockheed Martin have outstanding?

230,790,753 shares, as of July 20, 2026, from the cover page of its latest 10-Q. At the 2002 peak it had 455,709,443.

What do Lockheed Martin's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Lockheed Martin stock in 2002 owns 2.0 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Lockheed Martin compare with other cannibal stocks?

Lockheed Martin ranks No. 63 of 251 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Target (50.2%), American Express (49.6%), Herbalife (49.2%), Amgen (48.4%).

Every answer is computed from Lockheed Martin's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

Tom GaynerMarkel Group65,213 shares, $33.2M, Q2 2026
Donald YacktmanYacktman Asset Management216,359 shares, $110.2M, Q2 2026

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Lockheed Martin in depth on Cannibal Stocks.

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