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Lockheed Martin Corporation LMT SPX

Industrials · Aerospace & Defense · United States
https://www.lockheedmartin.com

Lockheed Martin Corporation, an aerospace and defense company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services in the United States, Europe, Asia, the Middle East, and internationally. The company operates through four segments: Aeronautics; Missiles and Fire Control (MFC); Rotary and Mission Systems (RMS); and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment provides air and missile defense systems; tactical missiles and precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; and ground vehicles. The RMS segment offers military and commercial helicopters, surface ships, sea and land-based missile defense systems, radar and laser systems, sea and air-based mission and combat systems, command and control mission solutions, cyber solutions, simulation and training solutions, and services and supports surface ships. The Space segment provides satellites; space transportation systems; strategic, advanced strike, and defensive systems; and classified systems and services in support of national security systems. This segment also provides network-enabled situational awareness and integrates space and ground global systems to help its customers gather, analyze, and securely distribute critical intelligence data. It serves primarily serves the U.S. government and international customers, as well as foreign military sales contracted through the U.S. government. The company was formerly known as The Lockheed Corporation and changed its name to Lockheed Martin Corporation in March 1995. Lockheed Martin Corporation was founded in 1912 and is based in Bethesda, Maryland.

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$530.45
+12.97% 1Y

Market & Price

Market Cap
$122.30B
Current Price
$530.45
High / Low (52W)
$676.70 / $402.57
Beta
0.10

Valuation

Stock P/E
25.71
Industry PE
28.38
Forward P/E
16.53
PEG Ratio
1.12
Book Value
$32.56
Price to Book
16.29
P/S
1.63
EV/EBITDA
17.65
Dividend Yield
2.60%

Profitability & Returns

ROCE
19.29%
ROE
67.64%
ROA
7.23%
Profit Margin
6.38%
Op Margin
11.00%
EPS (Latest Qtr)
$6.44
EPS (TTM)
$20.63

Balance Sheet & Liquidity

Debt/Equity
2.76
Quick Ratio
0.91
Current Ratio
1.14
Debt
$20.70B
Total Assets
$59.84B
Current Assets
$25.36B
Working Capital
$2.03B

Ownership

Promoter Holding
0.11%
Chg in Prom Hold
-
FII / Inst Holding
76.03%
Chg in FII Hold
0.01%

Financial Snapshot

Enterprise Value
$141.11B
Total Revenue (TTM)
$75.11B
EBITDA
$7.99B
Free Cash Flow
$3.99B
Operating Cash Flow
$7.37B
Shares Outstanding
230.56M
Gross Margin
9.91%
Payout Ratio
65.38%

Growth (CAGR)

Revenue 5Y
4.38%
Profit 5Y
-4.34%
Revenue (YoY)
0.30%
Earnings (YoY)
-11.50%

PROS

  • Strong return on equity of 67.6%.
  • Attractive dividend yield of 2.60%.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Earnings shrank at -4.3% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 LMT Lockheed Martin Corporation SPX 530.45 25.71 $122.30B 2.60% 19.29% 67.64% 4.38% -4.34%
2 CAT Caterpillar Inc. SPX 875.87 43.66 $403.42B 0.69% 19.42% 51.33% 4.38% 9.83%
3 GE GE Aerospace SPX 323.76 40.17 $338.27B 0.58% 11.89% 45.43% 16.32% 195.89%
4 GEV GE Vernova Inc. SPXAI 968.32 28.33 $260.21B 0.21% 6.30% 75.71% 8.68% 92.84%
5 RTX RTX Corporation SPX 179.66 33.64 $241.95B 1.54% 9.41% 11.57% 9.72% 9.01%
6 UNP Union Pacific Corporation SPX 262.64 21.60 $155.93B 2.10% 16.19% 40.69% -0.49% 0.66%
7 ETN Eaton Corporation plc SPXAI 400.60 39.20 $155.55B 1.10% 16.23% 20.84% 9.77% 18.41%
8 HON Honeywell International Inc. NDXSPX 237.86 38.00 $150.72B 2.00% 13.57% 24.26% 1.82% -1.62%
9 DE Deere & Company SPX 542.18 30.67 $146.45B 1.20% 12.82% 18.35% -4.50% -11.00%
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Quarterly Results

Figures in USD.

Metric Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue --------12.56B---13.40B----------------------17.96B18.16B18.61B20.32B18.02B
Cost of Revenue -----------------------------------15.64B17.42B16.37B18.00B15.94B
Gross Profit 1.37B1.10B-1.09B1.23B1.38B-1.41B1.66B1.60B-1.66B1.75B1.92B-2.19B1.99B2.06B-2.09B2.21B2.14B-2.19B2.15B2.30B1.91B1.96B2.12B2.05B2.09B2.05B1.99B2.13B2.12B2.32B734.00M2.24B2.32B2.08B
Operating Expenses ------------------------------------49.00M-14.00M-40.00M-9.00M15.00M
Operating Income 1.27B1.19B1.10B1.16B1.38B1.59B1.43B1.40B1.72B1.68B1.95B1.73B1.79B1.96B1.85B2.28B2.01B2.10B2.15B2.12B2.09B2.15B2.29B2.18B2.19B2.29B1.93B1.96B2.16B2.04B2.13B2.04B2.03B2.15B2.14B2.37B748.00M2.28B2.33B2.06B
EBITDA -----------------------------------2.70B1.09B2.65B2.28B2.44B
Interest Expense -----------------------------------268.00M274.00M286.00M290.00M269.00M
Pretax Income -----------------------------------2.04B417.00M1.94B1.53B1.77B
Tax Provision -----------------------------------324.00M75.00M319.00M187.00M286.00M
Net Income 929.00M865.00M933.00M898.00M1.02B2.40B988.00M789.00M955.00M963.00M-744.00M1.16B1.16B1.47B1.25B1.70B1.42B1.61B1.50B1.72B1.63B1.70B1.79B1.84B1.81B614.00M1.73B309.00M1.78B1.69B1.68B1.68B1.54B1.64B1.62B1.71B342.00M1.62B1.34B1.49B
Diluted EPS 2.942.773.012.913.327.933.352.693.283.32-2.604.024.055.144.395.995.005.665.296.085.796.056.386.566.522.216.441.166.716.616.636.736.396.856.807.281.466.955.806.44

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue ----------49.96B53.76B59.81B--65.98B67.57B71.04B75.05B
Cost of Revenue ---------------57.70B59.09B64.11B67.43B
Gross Profit 4.23B4.57B4.15B3.84B3.74B4.20B4.19B4.68B4.49B5.40B6.37B7.27B8.37B8.65B-8.29B8.48B6.93B7.62B
Operating Expenses ----------------61.00M-28.00M-83.00M-112.00M
Operating Income 4.53B5.05B4.37B4.11B4.02B4.43B4.50B5.01B4.71B5.89B6.74B7.33B8.54B8.64B-8.35B8.51B7.01B7.73B
EBITDA ---------------8.71B10.44B8.81B8.73B
Interest Expense ---------------623.00M916.00M1.04B1.12B
Pretax Income ---------------6.68B8.10B6.22B5.92B
Tax Provision ---------------948.00M1.18B884.00M905.00M
Net Income 3.03B3.22B2.97B2.88B2.65B2.75B2.98B3.61B3.60B5.17B1.96B5.05B6.23B6.83B-5.73B6.92B5.34B5.02B
Diluted EPS 7.107.867.647.817.818.369.1311.2111.4617.076.7517.5921.9524.30-21.6627.5522.3121.49
R&D Expense -698.00M717.00M639.00M585.00M616.00M697.00M733.00M817.00M988.00M1.20B1.30B1.30B1.30B1.50B1.70B1.50B1.60B2.00B

Compounded Sales Growth

5 Years:4.38%
1 Year:0.30%

Compounded Profit Growth

5 Years:-4.34%
1 Year:-11.50%

Stock Price Performance

1 Year:+12.97%
6 Months:+18.76%
3 Months:-18.97%
1 Month:+4.05%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2006Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --33.44B35.11B35.11B37.91B38.66B36.19B37.05B49.30B47.81B46.62B44.88B47.53B50.71B-52.88B52.46B55.62B59.84B
Current Assets ----------------20.99B20.52B21.85B25.36B
Cash & Equivalents 1.91B2.65B2.17B2.39B2.26B3.58B1.90B2.62B1.45B1.09B1.84B2.86B772.00M1.51B3.16B-2.55B1.44B2.48B4.12B
Inventory ----------------3.09B3.13B3.47B3.52B
Receivables ----------------2.50B2.13B2.35B3.90B
Total Liabilities --30.57B30.98B31.62B36.91B38.62B31.27B33.65B46.21B46.20B47.40B43.43B44.36B44.67B-43.61B45.62B49.28B53.12B
Current Liabilities --10.54B10.70B11.40B12.13B12.15B11.12B11.11B13.92B12.54B12.91B14.40B13.97B13.93B-15.89B16.94B19.42B23.34B
Long Term Debt --3.56B5.05B5.02B6.46B6.16B6.15B6.14B14.30B14.28B13.51B12.60B11.40B11.67B-15.43B17.29B19.63B20.53B
Total Debt ----------------15.55B17.46B20.27B21.70B
Total Equity 6.88B9.80B2.87B3.97B3.50B1.00B39.00M4.92B3.40B3.10B1.51B-850.00M1.39B3.13B6.01B-9.27B6.83B6.33B6.72B
Shares Outstanding ----------------254.00M242.00M235.00M230.00M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 4.24B4.42B3.49B3.80B4.25B1.56B4.55B3.87B5.10B5.19B6.48B3.14B7.31B8.18B-7.80B7.92B6.97B8.56B
Investing Cash Flow -1.21B-907.00M-1.83B-573.00M-788.00M-1.18B-1.12B-1.72B-9.73B-985.00M-1.15B-1.07B-1.24B-2.01B--1.79B-1.69B-1.79B-1.98B
Financing Cash Flow -2.30B-3.94B-1.43B-3.36B-2.14B-2.07B-2.71B-3.31B4.28B-3.46B-4.30B-4.15B-5.33B-4.53B--7.07B-7.33B-4.14B-4.94B
Capital Expenditure -940.00M-926.00M-852.00M-1.07B-987.00M-942.00M----------1.67B-1.69B-1.69B-1.65B
Free Cash Flow 3.30B3.50B2.63B2.73B3.27B619.00M---------6.13B6.23B5.29B6.91B
Net Change in Cash ----------------1.06B-1.10B1.04B1.64B
Share Buybacks 2.13B2.93B1.85B2.42B2.46B990.00M1.76B1.90B3.07B2.10B2.00B1.49B1.20B1.10B4.09B7.90B6.00B3.70B3.00B

Ratios (Annual)

Figures in %.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ----------12.8%13.5%14.0%--12.6%12.5%9.8%10.2%
Operating Margin % ----------13.5%13.6%14.3%--12.7%12.6%9.9%10.3%
Net Margin % ----------3.9%9.4%10.4%--8.7%10.2%7.5%6.7%
ROE % 30.9%112.3%75.0%82.3%265.2%7,038.5%60.6%106.3%116.4%342.4%-230.9%362.0%199.2%113.6%-61.9%101.2%84.3%74.6%
ROCE % -22.1%17.9%17.3%15.6%16.7%18.0%19.3%13.3%16.7%20.0%24.1%25.5%23.5%-22.6%24.0%19.4%21.2%

Shareholding Pattern

Insiders
0.11%
Institutions
76.03%
Public Float
76.11%

Top Institutional Holders

#Holder% HeldSharesValue
1 State Street Corporation 14.12% 32.56M $17.27B
2 Blackrock Inc. 7.73% 17.83M $9.46B
3 Vanguard Capital Management LLC 6.10% 14.07M $7.46B
4 Charles Schwab Investment Management, Inc. 3.10% 7.15M $3.79B
5 Morgan Stanley 2.46% 5.66M $3.00B
6 Vanguard Portfolio Management LLC 2.31% 5.33M $2.83B
7 Geode Capital Management, LLC 2.20% 5.07M $2.69B
8 Bank of America Corporation 1.17% 2.70M $1.43B
9 FMR, LLC 0.98% 2.25M $1.19B
10 Invesco Ltd. 0.85% 1.96M $1.04B

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