LOCKHEED MARTIN CORP (LMT) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:LMT • US5398301094
628.26 USD
-7.74 (-1.22%)
At close: Feb 3, 2026
630 USD
+1.74 (+0.28%)
After Hours: 2/3/2026, 8:04:00 PM
Overall LMT gets a fundamental rating of 5 out of 10. We evaluated LMT against 72 industry peers in the Aerospace & Defense industry. Both the profitability and the financial health of LMT get a neutral evaluation. Nothing too spectacular is happening here. LMT is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- LMT had positive earnings in the past year.
- In the past year LMT had a positive cash flow from operations.
- Each year in the past 5 years LMT has been profitable.
- LMT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- LMT's Return On Assets of 8.38% is amongst the best of the industry. LMT outperforms 88.89% of its industry peers.
- LMT has a Return On Equity of 74.65%. This is amongst the best in the industry. LMT outperforms 100.00% of its industry peers.
- With an excellent Return On Invested Capital value of 18.14%, LMT belongs to the best of the industry, outperforming 97.22% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for LMT is significantly above the industry average of 8.66%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.38% | ||
| ROE | 74.65% | ||
| ROIC | 18.14% |
ROA(3y)10.39%
ROA(5y)10.88%
ROE(3y)86.72%
ROE(5y)75.93%
ROIC(3y)18.43%
ROIC(5y)19.09%
1.3 Margins
- With a decent Profit Margin value of 6.69%, LMT is doing good in the industry, outperforming 65.28% of the companies in the same industry.
- In the last couple of years the Profit Margin of LMT has declined.
- LMT has a Operating Margin of 10.35%. This is in the better half of the industry: LMT outperforms 65.28% of its industry peers.
- In the last couple of years the Operating Margin of LMT has declined.
- With a Gross Margin value of 10.24%, LMT is not doing good in the industry: 76.39% of the companies in the same industry are doing better.
- LMT's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.35% | ||
| PM (TTM) | 6.69% | ||
| GM | 10.24% |
OM growth 3Y-6.42%
OM growth 5Y-4.83%
PM growth 3Y-8.36%
PM growth 5Y-8.54%
GM growth 3Y-6.95%
GM growth 5Y-5.06%
2. Health
2.1 Basic Checks
- LMT has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- The number of shares outstanding for LMT has been reduced compared to 1 year ago.
- The number of shares outstanding for LMT has been reduced compared to 5 years ago.
- LMT has a better debt/assets ratio than last year.
2.2 Solvency
- LMT has an Altman-Z score of 3.71. This indicates that LMT is financially healthy and has little risk of bankruptcy at the moment.
- LMT has a Altman-Z score (3.71) which is in line with its industry peers.
- LMT has a debt to FCF ratio of 3.14. This is a good value and a sign of high solvency as LMT would need 3.14 years to pay back of all of its debts.
- The Debt to FCF ratio of LMT (3.14) is better than 83.33% of its industry peers.
- LMT has a Debt/Equity ratio of 3.05. This is a high value indicating a heavy dependency on external financing.
- LMT has a Debt to Equity ratio of 3.05. This is amonst the worse of the industry: LMT underperforms 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.05 | ||
| Debt/FCF | 3.14 | ||
| Altman-Z | 3.71 |
ROIC/WACC1.77
WACC10.27%
2.3 Liquidity
- LMT has a Current Ratio of 1.09. This is a normal value and indicates that LMT is financially healthy and should not expect problems in meeting its short term obligations.
- LMT has a Current ratio of 1.09. This is amonst the worse of the industry: LMT underperforms 84.72% of its industry peers.
- A Quick Ratio of 0.94 indicates that LMT may have some problems paying its short term obligations.
- The Quick ratio of LMT (0.94) is worse than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.09 | ||
| Quick Ratio | 0.94 |
3. Growth
3.1 Past
- LMT shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.47%.
- LMT shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.04% yearly.
- Looking at the last year, LMT shows a small growth in Revenue. The Revenue has grown by 5.64% in the last year.
- Measured over the past years, LMT shows a small growth in Revenue. The Revenue has been growing by 2.79% on average per year.
EPS 1Y (TTM)4.47%
EPS 3Y10.07%
EPS 5Y3.04%
EPS Q2Q%-3.13%
Revenue 1Y (TTM)5.64%
Revenue growth 3Y4.38%
Revenue growth 5Y2.79%
Sales Q2Q%9.12%
3.2 Future
- LMT is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.38% yearly.
- Based on estimates for the next years, LMT will show a small growth in Revenue. The Revenue will grow by 1.58% on average per year.
EPS Next Y2.14%
EPS Next 2Y4.52%
EPS Next 3Y5.14%
EPS Next 5Y5.38%
Revenue Next Year4.36%
Revenue Next 2Y4.26%
Revenue Next 3Y3.21%
Revenue Next 5Y1.58%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- LMT is valuated rather expensively with a Price/Earnings ratio of 21.70.
- Based on the Price/Earnings ratio, LMT is valued cheaper than 94.44% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 28.18, LMT is valued a bit cheaper.
- LMT is valuated rather expensively with a Price/Forward Earnings ratio of 21.25.
- LMT's Price/Forward Earnings ratio is rather cheap when compared to the industry. LMT is cheaper than 91.67% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of LMT to the average of the S&P500 Index (25.51), we can say LMT is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.7 | ||
| Fwd PE | 21.25 |
4.2 Price Multiples
- 84.72% of the companies in the same industry are more expensive than LMT, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, LMT is valued cheaper than 95.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.05 | ||
| EV/EBITDA | 17.42 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates LMT does not grow enough to justify the current Price/Earnings ratio.
- LMT has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)10.16
PEG (5Y)7.13
EPS Next 2Y4.52%
EPS Next 3Y5.14%
5. Dividend
5.1 Amount
- LMT has a Yearly Dividend Yield of 2.18%.
- Compared to an average industry Dividend Yield of 0.34, LMT pays a better dividend. On top of this LMT pays more dividend than 98.61% of the companies listed in the same industry.
- LMT's Dividend Yield is comparable with the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.18% |
5.2 History
- The dividend of LMT is nicely growing with an annual growth rate of 6.46%!
- LMT has paid a dividend for at least 10 years, which is a reliable track record.
- As LMT did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)6.46%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
- 62.41% of the earnings are spent on dividend by LMT. This is not a sustainable payout ratio.
- The dividend of LMT is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP62.41%
EPS Next 2Y4.52%
EPS Next 3Y5.14%
628.26
-7.74 (-1.22%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)01-29 2026-01-29/bmo
Earnings (Next)04-20 2026-04-20/bmo
Inst Owners74.7%
Inst Owner Change-0.2%
Ins Owners0.05%
Ins Owner Change-2.08%
Market Cap145.38B
Revenue(TTM)75.05B
Net Income(TTM)5.02B
Analysts70.71
Price Target547.6 (-12.84%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.18% |
Yearly Dividend13.52
Dividend Growth(5Y)6.46%
DP62.41%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)18.59%
Min EPS beat(2)8.18%
Max EPS beat(2)28.99%
EPS beat(4)4
Avg EPS beat(4)15.75%
Min EPS beat(4)8.18%
Max EPS beat(4)28.99%
EPS beat(8)8
Avg EPS beat(8)11.8%
EPS beat(12)11
Avg EPS beat(12)9.29%
EPS beat(16)12
Avg EPS beat(16)4.96%
Revenue beat(2)1
Avg Revenue beat(2)0.32%
Min Revenue beat(2)-0.71%
Max Revenue beat(2)1.35%
Revenue beat(4)1
Avg Revenue beat(4)-0.67%
Min Revenue beat(4)-3.21%
Max Revenue beat(4)1.35%
Revenue beat(8)3
Avg Revenue beat(8)0.5%
Revenue beat(12)5
Avg Revenue beat(12)0.95%
Revenue beat(16)6
Avg Revenue beat(16)0.22%
PT rev (1m)2.06%
PT rev (3m)0.99%
EPS NQ rev (1m)-0.38%
EPS NQ rev (3m)-0.53%
EPS NY rev (1m)0.06%
EPS NY rev (3m)0.8%
Revenue NQ rev (1m)0.18%
Revenue NQ rev (3m)0.19%
Revenue NY rev (1m)0.11%
Revenue NY rev (3m)0.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.7 | ||
| Fwd PE | 21.25 | ||
| P/S | 1.94 | ||
| P/FCF | 21.05 | ||
| P/OCF | 16.99 | ||
| P/B | 21.63 | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.42 |
EPS(TTM)28.95
EY4.61%
EPS(NY)29.57
Fwd EY4.71%
FCF(TTM)29.85
FCFY4.75%
OCF(TTM)36.98
OCFY5.89%
SpS324.32
BVpS29.04
TBVpS-38.45
PEG (NY)10.16
PEG (5Y)7.13
Graham Number137.55
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.38% | ||
| ROE | 74.65% | ||
| ROCE | 21.28% | ||
| ROIC | 18.14% | ||
| ROICexc | 20.45% | ||
| ROICexgc | 39.5% | ||
| OM | 10.35% | ||
| PM (TTM) | 6.69% | ||
| GM | 10.24% | ||
| FCFM | 9.2% |
ROA(3y)10.39%
ROA(5y)10.88%
ROE(3y)86.72%
ROE(5y)75.93%
ROIC(3y)18.43%
ROIC(5y)19.09%
ROICexc(3y)19.89%
ROICexc(5y)20.7%
ROICexgc(3y)36.22%
ROICexgc(5y)36.88%
ROCE(3y)21.61%
ROCE(5y)22.39%
ROICexgc growth 3Y4.1%
ROICexgc growth 5Y1.14%
ROICexc growth 3Y-0.28%
ROICexc growth 5Y-1.44%
OM growth 3Y-6.42%
OM growth 5Y-4.83%
PM growth 3Y-8.36%
PM growth 5Y-8.54%
GM growth 3Y-6.95%
GM growth 5Y-5.06%
F-Score6
Asset Turnover1.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.05 | ||
| Debt/FCF | 3.14 | ||
| Debt/EBITDA | 2.17 | ||
| Cap/Depr | 97.75% | ||
| Cap/Sales | 2.2% | ||
| Interest Coverage | 7.77 | ||
| Cash Conversion | 90.49% | ||
| Profit Quality | 137.69% | ||
| Current Ratio | 1.09 | ||
| Quick Ratio | 0.94 | ||
| Altman-Z | 3.71 |
F-Score6
WACC10.27%
ROIC/WACC1.77
Cap/Depr(3y)108.03%
Cap/Depr(5y)110.92%
Cap/Sales(3y)2.36%
Cap/Sales(5y)2.37%
Profit Quality(3y)108.93%
Profit Quality(5y)111.14%
High Growth Momentum
Growth
EPS 1Y (TTM)4.47%
EPS 3Y10.07%
EPS 5Y3.04%
EPS Q2Q%-3.13%
EPS Next Y2.14%
EPS Next 2Y4.52%
EPS Next 3Y5.14%
EPS Next 5Y5.38%
Revenue 1Y (TTM)5.64%
Revenue growth 3Y4.38%
Revenue growth 5Y2.79%
Sales Q2Q%9.12%
Revenue Next Year4.36%
Revenue Next 2Y4.26%
Revenue Next 3Y3.21%
Revenue Next 5Y1.58%
EBIT growth 1Y10.29%
EBIT growth 3Y-2.31%
EBIT growth 5Y-2.17%
EBIT Next Year44.35%
EBIT Next 3Y14.73%
EBIT Next 5Y12.22%
FCF growth 1Y30.66%
FCF growth 3Y4.05%
FCF growth 5Y1.49%
OCF growth 1Y22.73%
OCF growth 3Y3.13%
OCF growth 5Y0.9%
LOCKHEED MARTIN CORP / LMT FAQ
Can you provide the ChartMill fundamental rating for LOCKHEED MARTIN CORP?
ChartMill assigns a fundamental rating of 5 / 10 to LMT.
Can you provide the valuation status for LOCKHEED MARTIN CORP?
ChartMill assigns a valuation rating of 5 / 10 to LOCKHEED MARTIN CORP (LMT). This can be considered as Fairly Valued.
Can you provide the profitability details for LOCKHEED MARTIN CORP?
LOCKHEED MARTIN CORP (LMT) has a profitability rating of 6 / 10.
How financially healthy is LOCKHEED MARTIN CORP?
The financial health rating of LOCKHEED MARTIN CORP (LMT) is 5 / 10.
What is the earnings growth outlook for LOCKHEED MARTIN CORP?
The Earnings per Share (EPS) of LOCKHEED MARTIN CORP (LMT) is expected to grow by 2.14% in the next year.