Stock · LMT · Industrials
United States · Large Cap · listed since 1977 · Revenue 12 mo. $79.1B
Price as of 11/06/2026
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.
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 support for 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 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.
Original text from the data provider
Summary
53.3 of 100
Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.
Analysis
What the price requires
If free cash flow stays at €6.2B (2025), it supports €68.9B. The remaining €47.5B of the market value assume it grows 7.4% a year for 10 years and not at all afterwards.
Required FCF growth per year
7.4%
no growth afterwards
Price to operating cash flow 13.0×, within its usual range.
Middle half of 20 quarters: 12.8× to 16.2×, median 13.9×.
Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.
with respect to the priced-in expectation
with respect to the priced-in expectation
Since the last quarter
Q2 → Q3 2026
6 more unchanged: Revenue, 12 mo., FCF, 12 mo., Gross margin, EBIT margin, FCF margin, Shares outstanding
Derivation
Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.
Price as of 11/06/2026.
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Return on equity | 74.65% | 13.10% | Rank 98 |
| Return on capital (Greenblatt) | 65.09% | 19.33% | Rank 88 |
| EBIT margin | 10.30% | 11.28% | Rank 45 |
| FCF margin | 9.20% | 8.50% | Rank 55 |
| Gross margin | 10.15% | 28.98% | Rank 7 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Revenue growth, 1 year | 5.65% | 5.15% | Rank 54 |
| Earnings growth, 3 years per year | −0.04% | 8.01% | Rank 30 |
| Earnings growth, 5 years per year | −2.30% | 12.89% | Rank 11 |
| Sustainable growth (ROE × retained earnings) | 2.20% | 4.02% | Rank 25 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Earnings yield | 3.82% | 4.42% | Rank 40 |
| FCF yield | 5.32% | 3.98% | Rank 68 |
| EV/saleslower is better | 1.96 | 2.08 | Rank 54 |
| EV/EBITlower is better | 19.06 | 19.47 | Rank 53 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Share price, 1 year | 11.33% | −0.01% | Rank 72 |
| Share price, 6 months | 12.44% | −1.43% | Rank 77 |
| Share price, 3 months | 1.58% | 0.53% | Rank 54 |
| Distance from 52-week high | −16.20% | −16.36% | Rank 50 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Accruals (Sloan)lower is better | −2.71% | 1.39% | Rank 84 |
| Change in share countlower is better | −3.05% | −0.44% | Rank 85 |
| Dividend streak in years | 25 | 5 | Rank 93 |
| Price reaction to results, market-adjusted | 8.08% | 0.27% | Rank 92 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Equity ratio | 11.23% | 39.65% | Rank 5 |
| Net debt/EBITDAlower is better | 2.01 | 1.38 | Rank 35 |
| Debt to equitylower is better | 3.23 | 0.61 | Rank 4 |
| Volatility, 1 yearlower is better | 30.18% | 32.95% | Rank 59 |
Ten years in figures
| Year | Revenue, $B | EBIT margin | FCF, $B | Shares | Net debt, $B |
|---|---|---|---|---|---|
| 2016 | 47.3 | 12.5% | 4.1 | 303M | 12.4 |
| 2017 | 50.0 | 13.5% | 5.3 | 291M | 11.4 |
| 2018 | 53.8 | 13.6% | 1.9 | 287M | 13.3 |
| 2019 | 59.8 | 14.3% | 5.8 | 284M | 11.1 |
| 2020 | 65.4 | 13.2% | 6.4 | 281M | 9.0 |
| 2021 | 67.0 | 13.6% | 7.7 | 277M | 8.1 |
| 2022 | 66.0 | 12.7% | 6.1 | 265M | 12.9 |
| 2023 | 67.6 | 12.6% | 6.2 | 251M | 16.0 |
| 2024 | 71.0 | 9.9% | 5.3 | 239M | 17.8 |
| 2025 | 75.1 | 10.3% | 6.9 | 232M | 17.6 |
4 of 7 StockScorer Score rules met · How the score is built
Lockheed Martin Corporation mainly meets criteria in the Profitability category. Result from 18 strategies checked.
Lockheed Martin Corporation is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.
4 of 7 rules met
7 of 11 points
Detail data
Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.
With a free account, you can see the match across all strategies checked in one complete overview.
Selected fundamental metrics for Lockheed Martin Corporation.
| Metric | Stock | Sector |
|---|---|---|
| P/E ratio | 26.2 | 22.5 |
| P/B ratio | 19.6 | 2.9 |
| Return on equity (ROE) | 74.6% | 13.1% |
| Equity ratio | 11.2% | 39.7% |
| Debt-to-equity (D/E) | 3.23 | 0.61 |
| Dividend yield | 2.4% | 2.0% |
How comparable stocks in the same sector score in the StockScorer model.
| Symbol | Company | Rating |
|---|---|---|
| LMT | Lockheed Martin Corporationthis page | |
| BA | The Boeing Company | Low2.7 |
| GD | General Dynamics Corporation | Low4.5 |
| HWM | Howmet Aerospace Inc | Medium5.5 |
| NOC | Northrop Grumman Corporation | locked |
| TDG | Transdigm Group Incorporated | locked |
Signed up in 30 seconds, free.
Learn more about the metrics in the metrics glossary or all rated stocks in the stock overview.
How StockScorer rates every stock is explained on the methodology page.