Tearsheet

Lockheed Martin (LMT)

Market Price (9/16/2025): $473.25 | Market Cap: $110.5 Bil
Sector: Industrials | Industry: Aerospace & Defense

Lockheed Martin (LMT)

Market Price (9/16/2025): $473.25
Market Cap: $110.5 Bil
Sector: Industrials
Industry: Aerospace & Defense

Investment Highlights

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.9%, Dividend Yield is 2.1%	Weak multi-year price returns 2Y Excs Rtn is -29%, 3Y Excs Rtn is -43%
1	Attractive cash flow generation CFO LTM is 5.1 Bil, FCF LTM is 3.3 Bil
2	Low stock price volatility Vol 12M is 27%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.9%, Dividend Yield is 2.1%
1	Attractive cash flow generation CFO LTM is 5.1 Bil, FCF LTM is 3.3 Bil
2	Low stock price volatility Vol 12M is 27%
3	Weak multi-year price returns 2Y Excs Rtn is -29%, 3Y Excs Rtn is -43%

Market Valuation

	9/16/25	2024	2023	2022	2021
Share Price CYE	$473.25	$475.61	$432.29	$451.75	$321.59
Market Cap CYE ($ Bil)	110.5	112.3	105.7	116.0	87.8
Total Debt ($ Bil)	21.6	20.3	17.5	15.5	11.7
Total Cash ($ Bil)	1.3	2.5	1.4	2.5	3.6
Enterprise Value ($ Bil)	130.8	132.6	123.2	131.5	99.5
Valuation Ratios
P/S TTM	1.5	1.6	1.7	1.9	1.5
P/EBIT TTM	18.6	16.0	12.6	17.6	12.1
P/E TTM	26.3	21.7	16.4	22.4	15.6
Sector Ratios
P/S TTM (Sector)	1.6	1.4	1.4	1.1	1.6
P/EBIT TTM (Sector)	11.4	10.2	10.0	8.3	12.1
P/E TTM (Sector)	16.6	13.7	14.0	11.2	15.6

	9/16/25	2024	2023
Share Price CYE	$473.25	$475.61	$432.29
Market Cap CYE ($ Bil)	110.5	112.3	105.7
Total Debt ($ Bil)	21.6	20.3	17.5
Total Cash ($ Bil)	1.3	2.5	1.4
Enterprise Value ($ Bil)	130.8	132.6	123.2
Valuation Ratios
P/S TTM	1.5	1.6	1.7
P/EBIT TTM	18.6	16.0	12.6
P/E TTM	26.3	21.7	16.4
Sector Ratios
P/S TTM (Sector)	1.6	1.4	1.4
P/EBIT TTM (Sector)	11.4	10.2	10.0
P/E TTM (Sector)	16.6	13.7	14.0

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
LMT Return	-6%	3%	40%	-4%	10%	-0%	41%
Peers Return	-13%	14%	9%	21%	15%	39%	111%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: RTX, BA, NOC, LHX, GE. See LMT Returns vs. Peers.
[3] 2025 data is for the year up to 9/15/2025 (YTD)

Interactive Breakdown

Lockheed Martin Interactive Breakdown Analysis

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Lockheed Martin Earnings Notes
2	Better Bet Than LMT Stock: Pay Less Than Lockheed Martin To Get More From GD, AIR	Actionable
3	LMT At Support Zone: Bargain or Bear Trap?	Actionable
4	Lockheed Martin vs T-Mobile US: Which Is A Better Investment?	Counter-Intuitive Comparisons
5	Lockheed Martin vs United Rentals: Which Is A Better Investment?	Counter-Intuitive Comparisons
6	How Does LMT Stack Up Against Its Peers?	Peer Comparison
7	Better Bet Than LMT Stock: Pay Less Than Lockheed Martin To Get More From GD, UAL
8	Better Bet Than LMT Stock: Pay Less Than Lockheed Martin To Get More From AIR, GD
9	Better Bet Than LMT Stock: Pay Less Than Lockheed Martin To Get More From AIR, GD, VVX	Actionable
10	LMT Climbed 9.0% In A Month. How Confident Are You In The Stock?	Return
11	ARTICLES
12	Better Bet Than Lockheed Martin Stock: Pay Less To Get More From GD		August 29th, 2025
13	LMT At Price Support Zone, Right Time To Buy?		August 19th, 2025
14	Better Bet Than Lockheed Martin Stock: Pay Less To Get More From AIR, GD		August 9th, 2025
15	After NOC’s 18% Climb in a Month, LMT Looks Like the Stronger Long-Term Play		August 2nd, 2025
16	NOC’s 9.4% Single Day Rise Brings Valuations Into Focus – Is LMT a Better Deal?		July 23rd, 2025

	Title
0	DASHBOARDS
1	Better Bet Than Lockheed Martin Stock: Pay Less To Get More From GD
2	LMT At Price Support Zone, Right Time To Buy?
3	Better Bet Than Lockheed Martin Stock: Pay Less To Get More From AIR, GD
4	After NOC’s 18% Climb in a Month, LMT Looks Like the Stronger Long-Term Play
5	NOC’s 9.4% Single Day Rise Brings Valuations Into Focus – Is LMT a Better Deal?
6	ARTICLES
7	Lockheed Martin Earnings Notes
8	Better Bet Than LMT Stock: Pay Less Than Lockheed Martin To Get More From GD, AIR
9	LMT At Support Zone: Bargain or Bear Trap?
10	Lockheed Martin vs T-Mobile US: Which Is A Better Investment?
11	Lockheed Martin vs United Rentals: Which Is A Better Investment?
12	How Does LMT Stack Up Against Its Peers?
13	Better Bet Than LMT Stock: Pay Less Than Lockheed Martin To Get More From GD, UAL
14	Better Bet Than LMT Stock: Pay Less Than Lockheed Martin To Get More From AIR, GD
15	Better Bet Than LMT Stock: Pay Less Than Lockheed Martin To Get More From AIR, GD, VVX
16	LMT Climbed 9.0% In A Month. How Confident Are You In The Stock?

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	18947.6%	1080.3%
2	VCIG	VCI Global	2528.6%	-66.8%
3	BDSX	Biodesix	1926.1%	-75.2%
4	CLSD	Clearside Biomedical	1136.3%	-72.3%
5	SDOT	Sadot	1033.9%	-78.2%
6	CHEK	Check-Cap	184.2%	114.2%
7	ATCH	AtlasClear	153.8%	-89.7%
8	HSDT	Helius Medical Technologies	141.7%	-96.4%
9	MTVA	MetaVia	115.5%	-26.1%
10	IHT	InnSuites Hospitality Trust	66.0%	54.9%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	ATYR	aTyr Pharma	-83.2%	-72.0%
2	NAKA	Kindly MD	-55.4%
3	REX	REX American Resources	-49.8%	-26.7%
4	FAAS	DigiAsia	-39.2%	-83.2%
5	EVTV	Envirotech Vehicles	-32.8%	-77.4%
6	WLDS	Wearable Devices	-30.0%	-24.4%
7	ZONE	CleanCore Solutions	-29.5%	107.8%
8	CGTX	Cognition Therapeutics	-29.0%	119.6%
9	SIDU	Sidus Space	-28.7%	-80.8%
10	BNGO	Bionano Genomics	-28.6%	-84.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	NXTT	Next Technology	18985.5%	1080.3%
2	BDSX	Biodesix	1658.4%	-75.2%
3	VCIG	VCI Global	1460.0%	-66.8%
4	CLSD	Clearside Biomedical	1075.2%	-72.3%
5	SDOT	Sadot	806.7%	-78.2%
6	WLDS	Wearable Devices	539.8%	-24.4%
7	QMMM	QMMM	536.6%	5505.5%
8	ATCH	AtlasClear	382.9%	-89.7%
9	OPI	Office Properties Income Trust	274.5%	-8.3%
10	CWD	CaliberCos	246.5%	-46.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-83.7%
2	ATYR	aTyr Pharma	-81.4%	-72.0%
3	LGCL	Lucas GC	-73.2%	-78.3%
4	NAKA	Kindly MD	-72.8%
5	OCTO	Eightco	-67.8%	562.1%
6	YYGH	YY	-67.0%	-78.2%
7	SNTG	Sentage	-58.1%	57.5%
8	REX	REX American Resources	-50.7%	-26.7%
9	BINI	Bollinger Innovations	-49.2%	-100.0%
10	SLXN	Silexion Therapeutics	-49.2%	-88.0%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11963.5%	11963.5%
2	GIBO	GIBO	7309.3%
3	CHSN	Chanson International	5551.3%	-99.3%
4	LNZA	LanzaTech Global	5145.9%	-85.7%
5	QMMM	QMMM	2490.3%	5505.5%
6	NXTT	Next Technology	2167.7%	1080.3%
7	VTAK	Catheter Precision	1543.9%	-70.5%
8	CURX	Curanex Pharmaceuticals	1282.0%	1282.0%
9	VCIG	VCI Global	1278.3%	-66.8%
10	OCTO	Eightco	800.6%	562.1%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	CJET	Chijet Motor	-93.3%	-95.1%
2	ELPW	Elong Power	-92.4%	-76.5%
3	STFS	Star Fashion Culture	-92.1%	-97.9%
4	ETS	Elite Express	-92.0%	-92.0%
5	NAKA	Kindly MD	-91.7%
6	BINI	Bollinger Innovations	-90.5%	-100.0%
7	FLYE	Fly-E	-89.8%	-81.2%
8	JEM	707 Cayman	-89.8%	-98.3%
9	NUTR	NusaTrip	-86.7%	-86.7%
10	CUPR	Cuprina	-84.9%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	18947.6%	1080.3%
2	VCIG	VCI Global	2528.6%	-66.8%
3	BDSX	Biodesix	1926.1%	-75.2%
4	CLSD	Clearside Biomedical	1136.3%	-72.3%
5	SDOT	Sadot	1033.9%	-78.2%
6	CHEK	Check-Cap	184.2%	114.2%
7	ATCH	AtlasClear	153.8%	-89.7%
8	HSDT	Helius Medical Technologies	141.7%	-96.4%
9	MTVA	MetaVia	115.5%	-26.1%
10	IHT	InnSuites Hospitality Trust	66.0%	54.9%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	ATYR	aTyr Pharma	-83.2%	-72.0%
2	NAKA	Kindly MD	-55.4%
3	REX	REX American Resources	-49.8%	-26.7%
4	FAAS	DigiAsia	-39.2%	-83.2%
5	EVTV	Envirotech Vehicles	-32.8%	-77.4%
6	WLDS	Wearable Devices	-30.0%	-24.4%
7	ZONE	CleanCore Solutions	-29.5%	107.8%
8	CGTX	Cognition Therapeutics	-29.0%	119.6%
9	SIDU	Sidus Space	-28.7%	-80.8%
10	BNGO	Bionano Genomics	-28.6%	-84.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	NXTT	Next Technology	18985.5%	1080.3%
2	BDSX	Biodesix	1658.4%	-75.2%
3	VCIG	VCI Global	1460.0%	-66.8%
4	CLSD	Clearside Biomedical	1075.2%	-72.3%
5	SDOT	Sadot	806.7%	-78.2%
6	WLDS	Wearable Devices	539.8%	-24.4%
7	QMMM	QMMM	536.6%	5505.5%
8	ATCH	AtlasClear	382.9%	-89.7%
9	OPI	Office Properties Income Trust	274.5%	-8.3%
10	CWD	CaliberCos	246.5%	-46.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-83.7%
2	ATYR	aTyr Pharma	-81.4%	-72.0%
3	LGCL	Lucas GC	-73.2%	-78.3%
4	NAKA	Kindly MD	-72.8%
5	OCTO	Eightco	-67.8%	562.1%
6	YYGH	YY	-67.0%	-78.2%
7	SNTG	Sentage	-58.1%	57.5%
8	REX	REX American Resources	-50.7%	-26.7%
9	BINI	Bollinger Innovations	-49.2%	-100.0%
10	SLXN	Silexion Therapeutics	-49.2%	-88.0%

Peer Comparisons for Lockheed Martin

Financials

	LMT	RTX	BA	NOC	LHX	GE	Median
Name	Lockheed.	RTX	Boeing	Northrop.	L3Harris.	GE Aeros.
Mkt Price	473.25	158.37	215.75	574.54	281.89	286.78	284.33
Mkt Cap	110.5	212.3	163.2	82.6	52.7	304.8	136.9
Rev LTM	71,844	83,599	75,327	40,501	21,373	41,609	56,726
Op Inc LTM	5,857	8,320	-9,376	3,976	2,366	7,948	4,916
FCF LTM	3,329	2,664	-8,544	1,308	2,164	5,492	2,414
FCF 3Y Avg	5,428	4,292	-2,139	2,065	1,828	5,482	3,178
CFO LTM	5,071	5,847	-6,184	2,972	2,507	6,560	4,022
CFO 3Y Avg	7,188	7,404	-287	3,717	2,208	6,526	5,122

Growth & Margins

	LMT	RTX	BA	NOC	LHX	GE	Median
Name	Lockheed.	RTX	Boeing	Northrop.	L3Harris.	GE Aeros.
Rev Chg LTM	1.1%	15.4%	2.4%	-0.6%	2.9%	13.0%	2.7%
Rev Chg 3Y Avg	3.9%	8.7%	7.8%	5.1%	8.4%	3.4%	6.5%
Rev Chg Q	0.2%	9.4%	34.9%	1.3%	2.4%	21.2%	5.9%
QoQ Delta Rev Chg LTM	0.0%	2.3%	8.5%	0.3%	0.6%	4.9%	1.4%
Op Mgn LTM	8.2%	10.0%	-12.4%	9.8%	11.1%	19.1%	9.9%
Op Mgn 3Y Avg	11.0%	7.5%	-6.5%	8.8%	10.4%	18.4%	9.6%
QoQ Delta Op Mgn LTM	-2.1%	1.8%	2.3%	0.2%	0.2%	0.3%	0.2%
CFO/Rev LTM	7.1%	7.0%	-8.2%	7.3%	11.7%	15.8%	7.2%
CFO/Rev 3Y Avg	10.3%	9.9%	-0.3%	9.4%	11.0%	19.5%	10.1%
FCF/Rev LTM	4.6%	3.2%	-11.3%	3.2%	10.1%	13.2%	3.9%
FCF/Rev 3Y Avg	7.8%	5.8%	-2.8%	5.2%	9.2%	16.3%	6.8%

Valuation

	LMT	RTX	BA	NOC	LHX	GE	Median
Name	Lockheed.	RTX	Boeing	Northrop.	L3Harris.	GE Aeros.
Mkt Cap	110.5	212.3	163.2	82.6	52.7	304.8	136.9
P/S	1.5	2.5	2.2	2.0	2.5	7.3	2.3
P/EBIT	18.6	21.3	-20.7	15.3	20.8	31.5	19.7
P/E	26.3	34.5	-15.3	20.9	31.1	39.3	28.7
P/CFO	21.8	36.3	-26.4	27.8	21.0	46.5	24.8
Total Yield	5.9%	4.5%	-6.5%	5.5%	4.9%	2.5%	4.7%
Dividend Yield	2.1%	1.6%	0.0%	0.7%	1.7%	0.0%	1.2%
FCF Yield 3Y Avg	4.8%	3.0%	-1.5%	3.1%	4.4%	3.6%	3.3%
D/E	0.2	0.2	0.3	0.2	0.2	0.1	0.2
Net D/E	0.2	0.2	0.2	0.2	0.2	0.0	0.2

Returns

	LMT	RTX	BA	NOC	LHX	GE	Median
Name	Lockheed.	RTX	Boeing	Northrop.	L3Harris.	GE Aeros.
1M Rtn	8.9%	2.8%	-8.3%	-1.2%	4.7%	7.1%	3.7%
3M Rtn	2.1%	8.6%	7.0%	15.9%	14.3%	21.4%	11.4%
6M Rtn	2.6%	21.1%	33.3%	18.2%	33.6%	42.2%	27.2%
12M Rtn	-14.6%	35.6%	37.6%	12.5%	25.1%	61.9%	30.4%
3Y Rtn	23.8%	99.3%	49.5%	24.4%	30.7%	597.6%	40.1%
1M Excs Rtn	6.7%	-0.1%	-9.7%	-3.5%	2.2%	4.1%	1.0%
3M Excs Rtn	-12.7%	-1.5%	-3.0%	0.9%	-0.5%	10.7%	-1.0%
6M Excs Rtn	-14.4%	5.7%	16.0%	2.2%	17.5%	28.4%	10.8%
12M Excs Rtn	-33.3%	16.3%	14.6%	-5.8%	7.5%	54.4%	11.1%
3Y Excs Rtn	-42.9%	31.0%	-28.4%	-41.9%	-36.5%	462.7%	-32.4%

Comparison Analyses

	Title
0	How Does LMT Stack Up Against Its Peers?
1	LMT or GD - With 21% Return Forecast, GD Probably Deserves Your Money
2	SBUX Could Deliver 17% Returns And Outperform LMT
3	LMT or RTX - With 17% Return Forecast, RTX Probably Deserves Your Money
4	Lockheed Martin vs. Northrop Grumman: Both Seem Similar Bets
5	TXT Could Deliver 14% Returns And Outperform LMT
6	With 37% Gains On The Table, BA May Outshine LMT
7	Lockheed Martin vs. The Boeing Company: With Return Forecast Of 16%, Lockheed Martin Is A Better Bet
8	Lockheed Martin vs. Tesla: With Return Forecast Of 33%, Tesla Is A Better Bet
9	Lockheed Martin vs. AbbVie: With Return Forecast Of 21%, AbbVie Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End		12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date		1/28/2025	1/23/2024	1/26/2023	1/25/2022	1/28/2021	2/7/2020
Key Financials
Total Revenue	71,844	71,043	67,571	65,984	67,044	65,398	59,812
Ebitda	7,597	8,815	10,444	8,707	9,483	10,116	9,083
Operating Income	5,857	7,013	8,507	8,348	9,123	8,644	8,545
Net Income	4,204	5,336	6,920	5,732	6,315	6,833	6,230
EPS	17.82	22.39	27.65	21.74	22.85	24.40	22.09
Growth Rates
Total Revenue Growth	1.1%	5.1%	2.4%	-1.6%	2.5%	9.3%	11.3%
EBITDA Growth	-26.7%	-15.6%	19.9%	-8.2%	-6.3%	11.4%	18.5%
Operating Income Growth	-31.3%	-17.6%	1.9%	-8.5%	5.5%	1.2%	16.5%
Net Income Growth	-37.6%	-22.9%	20.7%	-9.2%	-7.6%	9.7%	23.5%
Margins
EBITDA Margin	10.6%	12.4%	15.5%	13.2%	14.1%	15.5%	15.2%
Operating Income Margin	8.2%	9.9%	12.6%	12.7%	13.6%	13.2%	14.3%
Net Income Margin	5.9%	7.5%	10.2%	8.7%	9.4%	10.4%	10.4%
Cash & Debt
Total Cash	1,293	2,483	1,442	2,547	3,604	3,160	1,514
Total Debt	21,638	20,270	17,459	15,547	11,670	12,169	12,654
Net Debt / (Cash)	20,345	17,787	16,017	13,000	8,066	9,009	11,140
Cash Flows
Net Cash from Operations	5,071	6,972	7,920	7,802	9,221	8,183	7,311
Free Cash from Operations	3,329	5,287	6,229	6,132	7,699	6,417	5,827
Returns to Shareholders
Dividends	3,094	3,059	3,056	3,016	2,940	2,764	2,556
Share Repurchases	3,100	3,700	6,000	7,900	4,087	1,100	1,200

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/29/2025	3/30/2025	12/31/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	9/24/2023	6/25/2023	3/26/2023	12/31/2022	9/25/2022
Filing Date	7/22/2025	4/22/2025	1/28/2025	10/22/2024	7/23/2024	4/23/2024	1/23/2024	10/17/2023	7/19/2023	4/18/2023	1/26/2023	10/18/2022
Key Financials Quarterly
Total Revenue	18,155	17,963	18,622	17,104	18,122	17,195	18,874	16,878	16,693	15,126	18,991	16,583
Ebitda	1,090	2,701	1,242	2,564	2,568	2,441	2,820	2,540	2,563	2,521	2,831	2,537
Operating Income	649	2,372	696	2,140	2,163	2,029	2,293	2,042	2,246	2,037	2,293	2,159
Net Income	342	1,712	527	1,623	1,641	1,545	1,866	1,684	1,681	1,689	1,912	1,778
EPS	1.46	7.30	2.23	6.83	6.87	6.42	7.61	6.75	6.65	6.63	7.44	6.73
Key Financials TTM
Total Revenue TTM	71,844	71,811	71,043	71,295	71,069	69,640	67,571	67,688	67,393	66,146	65,984	64,722
Ebitda TTM	7,597	9,075	8,815	10,393	10,369	10,364	10,444	10,455	10,452	8,703	8,707	8,877
Operating Income TTM	5,857	7,371	7,028	8,625	8,527	8,610	8,618	8,618	8,735	8,452	8,348	8,539
Net Income TTM	4,204	5,503	5,336	6,675	6,736	6,776	6,920	6,966	7,060	5,688	5,732	5,869
Growth Rates Quarterly
Total Revenue Growth	0.2%	4.5%	-1.3%	1.3%	8.6%	13.7%	-0.6%	1.8%	8.1%	1.1%	7.1%	3.5%
EBITDA Growth	-57.6%	10.7%	-56.0%	0.9%	0.2%	-3.2%	-0.4%	0.1%	214.9%	-0.2%	-5.7%	120.8%
Operating Income Growth	-70.0%	16.9%	-69.6%	4.8%	-3.7%	-0.4%	0.0%	-5.4%	14.4%	5.4%	-7.7%	-6.2%
Net Income Growth	-79.2%	10.8%	-71.8%	-3.6%	-2.4%	-8.5%	-2.4%	-5.3%	444.0%	-2.5%	-6.7%	189.6%
Margins Quarterly
EBITDA Margin	6.0%	15.0%	6.7%	15.0%	14.2%	14.2%	14.9%	15.0%	15.4%	16.7%	14.9%	15.3%
Operating Income Margin	3.6%	13.2%	3.7%	12.5%	11.9%	11.8%	12.1%	12.1%	13.5%	13.5%	12.1%	13.0%
Net Income Margin	1.9%	9.5%	2.8%	9.5%	9.1%	9.0%	9.9%	10.0%	10.1%	11.2%	10.1%	10.7%
Cash & Debt
Total Cash	1,293	1,803	2,483	3,151	2,523	2,790	1,442	3,551	3,673	2,440	2,547	2,430
Total Debt	21,638	20,304	20,270	19,321	19,257	19,418	17,459	17,389	17,545	15,600	15,547	11,480
Net Debt / (Cash)	20,345	18,501	17,787	16,170	16,734	16,628	16,017	13,838	13,872	13,160	13,000	9,050
Cash Flows Quarterly
FCF from Operations	201	1,409	1,023	2,438	1,876	1,635	2,365	2,891	1,100	1,564	1,928	3,133
Cash Flows TTM
FCF from Operations TTM	5,071	6,746	6,972	8,314	8,767	7,991	7,920	7,483	7,725	7,956	7,802	10,142
Returns to Shareholders Quarterly
Dividends	771	796	778	749	752	780	767	747	758	784	766	739
Share Repurchases	500	750	1,000	850	850	1,000	3,000	1,750	750	500	4,206	1,338
Return on Invested Capital (ROIC) Quarterly
ROIC	10.5%	43.1%	15.7%	44.8%	43.6%	41.1%	49.8%	50.9%	54.3%	52.4%	61.6%	80.8%
Return on Invested Capital (ROIC) TTM
ROIC TTM	24.7%	34.1%	33.9%	45.4%	43.6%	44.2%	46.0%	53.3%	53.6%	55.2%	55.1%	79.3%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Aeronautics	27,777	27,236	26,967	26,266	23,693
Rotary and Mission Systems	18,364	18,078	18,684	15,995	15,128
Space	12,963	11,913	12,174	11,880	10,860
Missiles and Fire Control	11,941	11,944	12,311	11,257	10,131
Intersegment sales	-3,474	-3,187	-3,092
Total	67,571	65,984	67,044	65,398	59,812

Operating Income by Segment

$ Mil	2024	2023	2022	2021	2020
Aeronautics	2,825	2,867	2,800	2,843	2,521
Rotary and Mission Systems	1,865	1,906	2,030	1,615	1,421
Financial Accounting Standards (FAS) / Cost accounting standards (CAS) pension operating adjustment	1,660	1,709	1,960	1,876	2,049
Missiles and Fire Control	1,541	1,637	1,650	1,545	1,441
Space	1,158	1,057	1,184	1,149	1,191
Impairment and severance charges	-92	-100
Other, net	-203	-480	-180	-136	111
Intangible asset amortization expense	-247	-248	-285
Severance and other charges			-36	-27
Stock-based compensation				-221	-189
Total	8,507	8,348	9,123	8,644	8,545

Assets by Segment

$ Mil	2024	2021	2020
Rotary and Mission Systems	17,521	18,035	18,751
Aeronautics	13,167	9,903	9,109
Corporate assets	9,505	11,355	8,794
Space	6,560	6,451	5,844
Missiles and Fire Control	5,703	4,966	5,030
Total	52,456	50,710	47,528

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$473.25
Market Cap ($ Bil)	110.5
First Trading Date	01/03/1977
Distance from 52W High	-20.8%
	50 Days	200 Days
DMA Price	$444.16	$458.24
DMA Trend	down	down
Distance from DMA	6.5%	3.3%
	3M	1YR
Volatility	27.6%	26.9%
Downside Capture	-0.17	0.15
Upside Capture	-14.20	0.19
Correlation (SPY)	-2.9%	16.0%

LMT Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.18	0.33	-0.20	0.25	0.21	0.25
Up Beta	0.07	1.52	0.63	0.44	0.43	0.39
Down Beta	0.08	-0.36	-1.58	0.13	0.04	0.21
Up Capture	74%	-21%	-25%	8%	-0%	4%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	15	26	37	73	128	392
Down Capture	-57%	-3%	-4%	9%	30%	38%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	6	15	25	52	120	357

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	2,089,408
Short Interest: % Change Since 8152025	-23.7%
Average Daily Volume	1,369,205
Days-to-Cover Short Interest	1.53
Basic Shares Quantity	233,500,000
Short % of Basic Shares	0.9%

Returns Analyses

	Title
0	LMT Climbed 9.0% In A Month. How Confident Are You In The Stock?
1	LMT Up 7.3% In A Month. Do You Buy Or Wait?
2	Lockheed Martin During 2008 Recession vs. 2022 Inflation Shock: LMT Stock Is Now 10% Higher Than Its Pre-Shock High
3	Lockheed Martin (LMT) Stock Has 54% Chance Of Rise In The Next One Month
4	Lockheed Martin Stock Return Comparison
5	Lockheed Martin Total Shareholder Return (TSR): -4.3% in 2023 and 11.4% 3-yr returns (above peer average)

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
7/22/2025	-10.8%	-8.5%	-4.2%
4/22/2025	0.8%	3.9%	3.8%
1/28/2025	-9.2%	-9.6%	-12.3%
10/22/2024	-6.1%	-9.7%	-13.2%
7/23/2024	5.6%	11.2%	17.4%
4/23/2024	-0.3%	1.3%	1.5%
1/23/2024	-4.2%	-6.7%	-6.8%
10/17/2023	0.2%	1.3%	0.9%
...
SUMMARY STATS
# Positive	10	9	11
# Negative	14	15	13
Median Positive	2.1%	4.2%	4.5%
Median Negative	-3.2%	-5.0%	-6.2%
Max Positive	8.7%	15.1%	17.6%
Max Negative	-11.8%	-12.1%	-13.2%

	Forward Returns
7/22/2025	-10.8%	-8.5%	-4.2%
4/22/2025	0.8%	3.9%	3.8%
1/28/2025	-9.2%	-9.6%	-12.3%
10/22/2024	-6.1%	-9.7%	-13.2%
7/23/2024	5.6%	11.2%	17.4%
4/23/2024	-0.3%	1.3%	1.5%
1/23/2024	-4.2%	-6.7%	-6.8%
10/17/2023	0.2%	1.3%	0.9%
7/18/2023	-3.0%	-2.8%	-5.6%
4/18/2023	2.4%	-1.8%	-8.6%
1/24/2023	1.8%	4.4%	8.7%
10/18/2022	8.7%	15.1%	17.6%
7/19/2022	0.8%	3.2%	13.7%
4/19/2022	-1.6%	-5.3%	-5.7%
1/25/2022	3.7%	4.2%	4.2%
10/26/2021	-11.8%	-12.1%	-8.3%
7/26/2021	-3.3%	-2.4%	-6.2%
4/20/2021	-1.1%	-5.0%	-1.2%
1/26/2021	-3.7%	-5.7%	0.9%
10/20/2020	-3.0%	-4.0%	-2.0%
7/21/2020	2.6%	4.5%	6.8%
4/21/2020	-2.5%	-1.2%	-3.1%
1/28/2020	1.1%	-2.0%	-7.3%
10/22/2019	-0.1%	-0.6%	4.5%
SUMMARY STATS
# Positive	10	9	11
# Negative	14	15	13
Median Positive	2.1%	4.2%	4.5%
Median Negative	-3.2%	-5.0%	-6.2%
Max Positive	8.7%	15.1%	17.6%
Max Negative	-11.8%	-12.1%	-13.2%

SEC Filings

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Report Date	Filing Date	Filing
6302025	7222025	10-Q 6/29/2025
3312025	4222025	10-Q 3/30/2025
12312024	1282025	10-K 12/31/2024
9302024	10222024	10-Q 9/29/2024
6302024	7232024	10-Q 6/30/2024
3312024	4232024	10-Q 3/31/2024
12312023	1232024	10-K 12/31/2023
9302023	10172023	10-Q 9/24/2023
6302023	7192023	10-Q 6/25/2023
3312023	4182023	10-Q 3/26/2023
12312022	1262023	10-K 12/31/2022
9302022	10182022	10-Q 9/25/2022
6302022	7192022	10-Q 6/26/2022
3312022	4202022	10-Q 3/27/2022
12312021	1252022	10-K 12/31/2021
9302021	10262021	10-Q 9/26/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Paul Harry Edward III	Vice President & Controller	2282025	Sell	442.61	707	312,923	1,008,380	Form
1	Lightfoot Robert M JR	President Space	2282025	Sell	442.42	3,213	1,421,506	884,847	Form
2	Hill Stephanie C.	Pres. Rotary & Mission Systems	2282025	Sell	442.51	4,791	2,120,042	4,129,571	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
LMT Return	-6%	3%	40%	-4%	10%	-0%	41%
Peers Return	-13%	14%	9%	21%	15%	39%	111%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%
Monthly Win Rates [3]
LMT Win Rate	50%	50%	67%	42%	58%	38%
Peers Win Rate	47%	53%	53%	52%	60%	75%
S&P 500 Win Rate	58%	75%	42%	67%	75%	62%
Max Drawdowns [4]
LMT Max Drawdown	-28%	-9%	-0%	-17%	-8%	-14%
Peers Max Drawdown	-43%	-8%	-18%	-16%	-13%	-8%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

Lockheed Martin (LMT)

Market Price (9/16/2025): $473.25 | Market Cap: $110.5 BilSector: Industrials | Industry: Aerospace & Defense

Lockheed Martin (LMT)

Market Price (9/16/2025): $473.25Market Cap: $110.5 BilSector: IndustrialsIndustry: Aerospace & Defense

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Market Price (9/16/2025): $473.25 | Market Cap: $110.5 Bil
Sector: Industrials | Industry: Aerospace & Defense

Market Price (9/16/2025): $473.25
Market Cap: $110.5 Bil
Sector: Industrials
Industry: Aerospace & Defense