Key Insights on Gross Profit: Lockheed Martin Corporation vs Quanta Services, Inc.

A Tale of Two Giants: Lockheed Martin vs. Quanta Services

In the ever-evolving landscape of the defense and infrastructure sectors, Lockheed Martin Corporation and Quanta Services, Inc. stand as titans. Over the past decade, Lockheed Martin has consistently demonstrated robust growth, with its gross profit peaking in 2021 at approximately 9 billion USD, a remarkable 70% increase from 2014. Meanwhile, Quanta Services has shown impressive strides, with its gross profit nearly tripling from 2014 to 2023, reaching close to 3 billion USD.

Despite Lockheed Martin's temporary dip in 2024, its average gross profit over the years remains significantly higher than Quanta's, underscoring its dominance in the defense sector. However, Quanta's consistent upward trajectory highlights its growing influence in infrastructure services. This comparison not only showcases the financial health of these corporations but also reflects broader industry trends and economic shifts over the past decade.

Key Insights

• Lockheed Martin's gross profit peaked in 2021.
• Quanta Services' gross profit nearly tripled from 2014 to 2023.
• Missing data for Quanta in 2024 suggests potential for future growth analysis.