Lockheed Martin Corporation vs Jacobs Engineering Group Inc.: A Gross Profit Performance Breakdown

A Decade of Gross Profit Performance: Lockheed Martin vs. Jacobs Engineering

In the competitive landscape of the defense and engineering sectors, Lockheed Martin Corporation and Jacobs Engineering Group Inc. have showcased distinct trajectories in gross profit over the past decade. From 2014 to 2023, Lockheed Martin consistently outperformed Jacobs Engineering, with an average gross profit nearly three times higher. Notably, Lockheed Martin's peak performance in 2021 saw a gross profit of approximately $9 billion, marking a 69% increase from 2014. Meanwhile, Jacobs Engineering experienced a steady climb, peaking in 2023 with a 67% increase from its 2014 figures. However, 2024 projections indicate a decline for both companies, with Lockheed Martin dropping to $6.93 billion and Jacobs Engineering to $2.83 billion. This data highlights the dynamic nature of these industries and the challenges they face in maintaining growth amidst fluctuating market conditions.