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Lockheed Martin (LMT)

Market Price (10/21/2025): $505.75 | Market Cap: $118.1 Bil
Sector: Industrials | Industry: Aerospace & Defense

Lockheed Martin (LMT)

Market Price (10/21/2025): $505.75
Market Cap: $118.1 Bil
Sector: Industrials
Industry: Aerospace & Defense

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.5%		 Weak multi-year price returns
2Y Excs Rtn is -33%, 3Y Excs Rtn is -48%		 
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 5.5%
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 -33%, 3Y Excs Rtn is -48%

Market Valuation & Key Metrics

LMTS&P 500
REVENUE GROWTHPOOR
Rev LTM ($ Bil)71.8
Rev Chg Q0.2%6.1%
Rev Chg LTM1.1%5.2%
Rev Chg 3Y Avg3.9%5.4%
PROFITABILITYPOOR
Op Inc LTM ($ Bil)5.9
Op Mgn LTM8.2%18.6%
CFO LTM ($ Bil)5.1
CFO/Rev LTM7.1%20.4%
Net Inc LTM ($ Bil)4.2
Net Inc Mgn5.9%12.7%
VALUATIONHIGH
P/S1.63.2
P/CFO23.315.9
P/FCF35.520.7
P/E28.124.0
STABILITYGOOD
Debt/Equity0.180.22
Cash/Assets0.020.07

LMT Stock

Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
LMT Return-6%3%40%-4%10%6%49%
Peers Return-15%12%11%3%2%27%42%
S&P 500 Return16%27%-19%24%23%15%106%

Monthly Win Rates [3]
LMT Win Rate50%50%67%42%58%44% 
Peers Win Rate45%45%43%35%45%58% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
LMT Max Drawdown-28%-9%-0%-17%-8%-14% 
Peers Max Drawdown-46%-7%-11%-16%-12%-8% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: RTX, BA, NOC, LHX, APEX. See LMT Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/20/2025 (YTD)

Downturns Compared

Unique KeyEventLMTS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-20.8%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven26.2%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven293 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-37.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven58.9%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven708 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-32.1%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven47.2%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven178 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-51.4%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven105.6%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1598 days1480 days


How Low Can It Go?

Lockheed Martin's stock fell -20.8% during the 2022 Inflation Shock from a high on 4/18/2023. A -20.8% loss requires a 26.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Interactive Breakdown

Lockheed Martin Interactive Breakdown Analysis

Better Bets than Lockheed Martin (LMT)

 LMTBetter Performance than LMT
MetricValueIndustry (Aerospace & Defense)
Rev Chg LTM1.1%GE (13.0%), RTX (15.4%), BA (2.4%), GD (11.9%), HWM (10.0%)
Rev Chg 3Y Avg3.9%RTX (8.7%), BA (7.8%), GD (9.4%), NOC (5.1%), HWM (14.1%)
Op Mgn LTM8.2%GE (19.1%), RTX (10.0%), GD (10.3%), NOC (9.8%), HWM (23.2%)
CFO/Rev LTM7.1%GE (15.8%), GD (10.0%), NOC (7.3%), HWM (18.2%), TDG (24.5%)
FCF/Rev LTM4.6%GE (13.2%), GD (8.2%), HWM (13.5%), TDG (22.2%), LHX (10.1%)
Total Yield5.5%GD (6.2%), TDG (8.4%), TXT (5.6%), HII (6.3%), NPK (6.2%)
 LMTBetter Performance than LMT
MetricValueAll Other Sectors
Rev Chg LTM1.1%NVDA (71.6%), AAPL (6.0%), MSFT (14.9%), GOOGL (13.1%), AMZN (10.9%)
Rev Chg 3Y Avg3.9%NVDA (92.0%), MSFT (12.5%), GOOGL (10.2%), AMZN (11.3%), META (13.0%)
Op Mgn LTM8.2%NVDA (58.1%), AAPL (31.9%), MSFT (45.6%), GOOGL (32.7%), AMZN (11.4%)
CFO/Rev LTM7.1%NVDA (46.6%), AAPL (26.6%), MSFT (48.3%), GOOGL (36.0%), AMZN (18.1%)
FCF/Rev LTM4.6%NVDA (43.6%), AAPL (23.5%), MSFT (25.4%), GOOGL (18.0%), META (30.7%)
Total Yield5.5%JPM (6.7%), XOM (9.9%), JNJ (7.5%), BABA (36.3%), BAC (7.0%)
 Best Bets In Industrials Sector
 LMTGATX VRSK ADT CPRT NDSN TDG PCTY CSL CSW PAYC
What You Pay           
P/E28.119.435.911.527.929.239.139.611.629.427.1
P/EBIT19.89.324.95.425.519.819.029.912.822.719.8
What You Get           
Rev Chg Q0.2%11.3%7.8%6.8%5.2%12.1%9.3%12.2%-0.1%16.6%10.5%
Rev Chg LTM1.1%11.7%7.6%6.6%9.7%4.5%12.8%7.0%4.4%12.3%10.2%
Rev Chg 3Y Avg3.9%9.8%10.0%2.6%9.9%3.6%18.2%22.7%5.2%11.3%17.6%
FCF/Rev 3Y Avg7.8%38.6%32.4%24.1%23.7%21.5%20.8%20.5%18.3%18.1%18.1%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 16%, alpha of 4.2%, and sharpe of 0.76

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1LMT Pays Out $38 Bil to Investors in 10 Years  
2Lockheed Martin Earnings Notes  
3Lockheed Martin Stock Jumped 7.0% in a Month, What Now?Return 
4GD, TDG Look Smarter Buy Than Lockheed Martin StockActionable 
5LMT At Support Zone: Bargain or Bear Trap?Actionable 
6Lockheed Martin vs T-Mobile US: Which Is A Better Investment?Counter-Intuitive Comparisons 
7Lockheed Martin vs United Rentals: Which Is A Better Investment?Counter-Intuitive Comparisons 
8How Does Lockheed Martin Stock Stack Up Against Its Peers?Peer Comparison 
9Better Bet Than LMT Stock: Pay Less Than Lockheed Martin To Get More From GD, UAL   
10Better Bet Than LMT Stock: Pay Less Than Lockheed Martin To Get More From AIR, GD   
11ARTICLES  
12How Will Lockheed Martin Stock React To Its Upcoming Earnings? October 16th, 2025
13Better Bet Than Lockheed Martin Stock: Pay Less To Get More From TDG, GD September 30th, 2025
14Better Bet Than Lockheed Martin Stock: Pay Less To Get More From GD August 29th, 2025
15LMT At Price Support Zone, Right Time To Buy? August 19th, 2025
16Better Bet Than Lockheed Martin Stock: Pay Less To Get More From AIR, GD August 9th, 2025
Title
0DASHBOARDS
1How Will Lockheed Martin Stock React To Its Upcoming Earnings?
2Better Bet Than Lockheed Martin Stock: Pay Less To Get More From TDG, GD
3Better Bet Than Lockheed Martin Stock: Pay Less To Get More From GD
4LMT At Price Support Zone, Right Time To Buy?
5Better Bet Than Lockheed Martin Stock: Pay Less To Get More From AIR, GD
6ARTICLES
7LMT Pays Out $38 Bil to Investors in 10 Years
8Lockheed Martin Earnings Notes
9Lockheed Martin Stock Jumped 7.0% in a Month, What Now?
10GD, TDG Look Smarter Buy Than Lockheed Martin Stock
11LMT At Support Zone: Bargain or Bear Trap?
12Lockheed Martin vs T-Mobile US: Which Is A Better Investment?
13Lockheed Martin vs United Rentals: Which Is A Better Investment?
14How Does Lockheed Martin Stock Stack Up Against Its Peers?
15Better Bet Than LMT Stock: Pay Less Than Lockheed Martin To Get More From GD, UAL 
16Better Bet Than LMT Stock: Pay Less Than Lockheed Martin To Get More From AIR, GD 

Trade Ideas

Select past ideas related to LMT. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
FCN_9302025_Dip_Buyer_ValueBuy09302025FCNFTI ConsultingDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-5.8%-5.8%-6.2%
ODFL_9122025_Monopoly_xInd_xCD_Getting_Cheaper09122025ODFLOld Dominion Freight LineMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-4.7%-4.7%-7.3%
EFX_8312025_Monopoly_xInd_xCD_Getting_Cheaper08312025EFXEquifaxMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-7.9%-7.9%-8.5%
UHAL_8312025_Monopoly_xInd_xCD_Getting_Cheaper08312025UHALU-HaulMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-3.6%-3.6%-5.6%
BWXT_8312025_Quality_Momentum_RoomToRun_10%08312025BWXTBWX TechnologiesQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		25.4%25.4%-1.2%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
FCN_9302025_Dip_Buyer_ValueBuy09302025FCNFTI ConsultingDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-5.8%-5.8%-6.2%
ODFL_9122025_Monopoly_xInd_xCD_Getting_Cheaper09122025ODFLOld Dominion Freight LineMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-4.7%-4.7%-7.3%
EFX_8312025_Monopoly_xInd_xCD_Getting_Cheaper08312025EFXEquifaxMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-7.9%-7.9%-8.5%
UHAL_8312025_Monopoly_xInd_xCD_Getting_Cheaper08312025UHALU-HaulMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-3.6%-3.6%-5.6%
BWXT_8312025_Quality_Momentum_RoomToRun_10%08312025BWXTBWX TechnologiesQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		25.4%25.4%-1.2%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1PRAXPraxis Precision Medicines234.5%127.5%
2NVTSNavitas Semiconductor71.5%379.0%
3BETRBetter Home & Finance60.2%812.4%
4KODKodiak Sciences52.6%77.9%
5CELCCelcuity48.9%439.2%
6SSIISS Innovations International47.6%26.5%
7CCOClear Channel Outdoor44.6%37.2%
8GRALGRAIL30.4%414.6%
9LBRTLiberty Energy28.9%-18.7%
10SANASana Biotechnology28.0%241.1%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1SOCSable Offshore-31.3%-44.1%
2ONDSOndas-28.1%203.5%
3OLMAOlema Pharmaceuticals-27.7%33.3%
4IONQIonQ-27.0%43.5%
5AIVApartment Investment & Management-26.6%-7.0%
6RCATRed Cat-24.8%-10.0%
7MNPRMonopar Therapeutics-24.4%250.7%
8LARLithium Argentina-23.1% 
9ASPIASP Isotopes-23.0%126.5%
10ALABAstera Labs-21.7%18.0%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1WOLFWolfspeed1245.3%350.5%
2QUREuniQure360.9%261.9%
3PRAXPraxis Precision Medicines314.7%127.5%
4NVTSNavitas Semiconductor143.9%379.0%
5CLPTClearPoint Neuro143.9%77.6%
6BETRBetter Home & Finance138.8%812.4%
7GRALGRAIL120.5%414.6%
8LACLithium Americas114.8%135.0%
9SESSES AI107.0%49.3%
10UAMYUnited States Antimony106.9%658.8%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1SOCSable Offshore-45.7%-44.1%
2FLYFirefly Aerospace-40.0% 
3ALABAstera Labs-36.3%18.0%
4UPWheels Up Experience-36.0%-3.0%
5PGYPagaya Technologies-31.7%211.2%
6KVYOKlaviyo-30.9%-41.0%
7USNAUsana Health Sciences-30.5%-42.4%
8VGVenture Global-29.9% 
9DOMODomo-28.4%82.6%
10MGNIMagnite-28.0%17.3%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1PRAXPraxis Precision Medicines234.5%127.5%
2NVTSNavitas Semiconductor71.5%379.0%
3BETRBetter Home & Finance60.2%812.4%
4KODKodiak Sciences52.6%77.9%
5CELCCelcuity48.9%439.2%
6SSIISS Innovations International47.6%26.5%
7CCOClear Channel Outdoor44.6%37.2%
8GRALGRAIL30.4%414.6%
9LBRTLiberty Energy28.9%-18.7%
10SANASana Biotechnology28.0%241.1%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1SOCSable Offshore-31.3%-44.1%
2ONDSOndas-28.1%203.5%
3OLMAOlema Pharmaceuticals-27.7%33.3%
4IONQIonQ-27.0%43.5%
5AIVApartment Investment & Management-26.6%-7.0%
6RCATRed Cat-24.8%-10.0%
7MNPRMonopar Therapeutics-24.4%250.7%
8LARLithium Argentina-23.1% 
9ASPIASP Isotopes-23.0%126.5%
10ALABAstera Labs-21.7%18.0%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Lockheed Martin

Financials

LMTRTXBANOCLHXAPEXMedian
NameLockheed.RTX Boeing Northrop.L3Harris.APEX Glo. 
Mkt Price505.90160.71216.82602.00290.56-290.56
Mkt Cap118.1215.4164.086.554.3-118.1
Rev LTM71,84483,59975,32740,50121,373-71,844
Op Inc LTM5,8578,320-9,3763,9762,366-3,976
FCF LTM3,3292,664-8,5441,3082,164-2,164
FCF 3Y Avg5,4284,292-2,1392,0651,828-2,065
CFO LTM5,0715,847-6,1842,9722,507-2,972
CFO 3Y Avg7,1887,404-2873,7172,208-3,717

Growth & Margins

LMTRTXBANOCLHXAPEXMedian
NameLockheed.RTX Boeing Northrop.L3Harris.APEX Glo. 
Rev Chg LTM1.1%15.4%2.4%-0.6%2.9%-2.4%
Rev Chg 3Y Avg3.9%8.7%7.8%5.1%8.4%-7.8%
Rev Chg Q0.2%9.4%34.9%1.3%2.4%-2.4%
QoQ Delta Rev Chg LTM0.0%2.3%8.5%0.3%0.6%-0.6%
Op Mgn LTM8.2%10.0%-12.4%9.8%11.1%-9.8%
Op Mgn 3Y Avg11.0%7.5%-6.5%8.8%10.4%-8.8%
QoQ Delta Op Mgn LTM-2.1%1.8%2.3%0.2%0.2%-0.2%
CFO/Rev LTM7.1%7.0%-8.2%7.3%11.7%-7.1%
CFO/Rev 3Y Avg10.3%9.9%-0.3%9.4%11.0%-9.9%
FCF/Rev LTM4.6%3.2%-11.3%3.2%10.1%-3.2%
FCF/Rev 3Y Avg7.8%5.8%-2.8%5.2%9.2%-5.8%

Valuation

LMTRTXBANOCLHXAPEXMedian
NameLockheed.RTX Boeing Northrop.L3Harris.APEX Glo. 
Mkt Cap118.1215.4164.086.554.3-118.1
P/S1.62.62.22.12.5-2.2
P/EBIT19.821.6-20.816.021.5-19.8
P/E28.135.1-15.421.932.0-28.1
P/CFO23.336.8-26.529.121.7-23.3
Total Yield5.5%4.4%-6.5%5.3%4.8%-4.8%
Dividend Yield2.0%1.6%0.0%0.7%1.6%-1.6%
FCF Yield 3Y Avg4.8%3.0%-1.5%3.1%4.4%-3.1%
D/E0.20.20.30.20.2-0.2
Net D/E0.20.20.20.20.2-0.2

Returns

LMTRTXBANOCLHXAPEXMedian
NameLockheed.RTX Boeing Northrop.L3Harris.APEX Glo. 
1M Rtn7.0%1.6%0.5%5.1%2.3%-2.3%
3M Rtn10.7%6.5%-5.5%17.3%10.9%-10.7%
6M Rtn12.0%28.6%36.1%14.3%37.0%-28.6%
12M Rtn-15.0%30.2%39.9%15.4%19.1%-19.1%
3Y Rtn20.6%94.6%53.4%21.0%25.4%-25.4%
1M Excs Rtn5.9%0.5%-0.5%4.0%1.3%-1.3%
3M Excs Rtn17.3%1.5%-11.8%0.5%3.6%-1.5%
6M Excs Rtn-18.6%-1.9%5.5%-16.3%6.4%--1.9%
12M Excs Rtn-30.4%14.6%24.7%-0.0%4.1%-4.1%
3Y Excs Rtn-48.5%19.5%-19.8%-57.4%-47.3%--47.3%

Comparison Analyses

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/29/20253/30/202512/31/20249/29/20246/30/20243/31/202412/31/20239/24/20236/25/20233/26/202312/31/20229/25/2022
Filing Date7/22/20254/22/20251/28/202510/22/20247/23/20244/23/20241/23/202410/17/20237/19/20234/18/20231/26/202310/18/2022
Key Financials Quarterly            
Total Revenue18,15517,96318,62217,10418,12217,19518,87416,87816,69315,12618,99116,583
Ebitda1,0902,7011,2422,5642,5682,4412,8202,5402,5632,5212,8312,537
Operating Income6492,3726962,1402,1632,0292,2932,0422,2462,0372,2932,159
Net Income3421,7125271,6231,6411,5451,8661,6841,6811,6891,9121,778
EPS1.467.302.236.836.876.427.616.756.656.637.446.73
Key Financials TTM            
Total Revenue TTM71,84471,81171,04371,29571,06969,64067,57167,68867,39366,14665,98464,722
Ebitda TTM7,5979,0758,81510,39310,36910,36410,44410,45510,4528,7038,7078,877
Operating Income TTM5,8577,3717,0288,6258,5278,6108,6188,6188,7358,4528,3488,539
Net Income TTM4,2045,5035,3366,6756,7366,7766,9206,9667,0605,6885,7325,869
Growth Rates Quarterly            
Total Revenue Growth0.2%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 Margin6.0%15.0%6.7%15.0%14.2%14.2%14.9%15.0%15.4%16.7%14.9%15.3%
Operating Income Margin3.6%13.2%3.7%12.5%11.9%11.8%12.1%12.1%13.5%13.5%12.1%13.0%
Net Income Margin1.9%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 Cash1,2931,8032,4833,1512,5232,7901,4423,5513,6732,4402,5472,430
Total Debt21,63820,30420,27019,32119,25719,41817,45917,38917,54515,60015,54711,480
Net Debt / (Cash)20,34518,50117,78716,17016,73416,62816,01713,83813,87213,16013,0009,050
Cash Flows Quarterly            
FCF from Operations2011,4091,0232,4381,8761,6352,3652,8911,1001,5641,9283,133
Cash Flows TTM            
FCF from Operations TTM5,0716,7466,9728,3148,7677,9917,9207,4837,7257,9567,80210,142
Returns to Shareholders Quarterly            
Dividends771796778749752780767747758784766739
Share Repurchases5007501,0008508501,0003,0001,7507505004,2061,338
Return on Invested Capital (ROIC) Quarterly            
ROIC10.5%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 TTM24.7%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

$ Mil20242023202220212020
Aeronautics27,77727,23626,96726,26623,693
Rotary and Mission Systems18,36418,07818,68415,99515,128
Space12,96311,91312,17411,88010,860
Missiles and Fire Control11,94111,94412,31111,25710,131
Intersegment sales-3,474-3,187-3,092  
Total67,57165,98467,04465,39859,812


Operating Income by Segment
$ Mil20242023202220212020
Aeronautics2,8252,8672,8002,8432,521
Rotary and Mission Systems1,8651,9062,0301,6151,421
Financial Accounting Standards (FAS) / Cost accounting standards (CAS) pension operating adjustment1,6601,7091,9601,8762,049
Missiles and Fire Control1,5411,6371,6501,5451,441
Space1,1581,0571,1841,1491,191
Impairment and severance charges-92-100   
Other, net-203-480-180-136111
Intangible asset amortization expense-247-248-285  
Severance and other charges  -36-27 
Stock-based compensation   -221-189
Total8,5078,3489,1238,6448,545


Assets by Segment
$ Mil20242023202220212020
Rotary and Mission Systems17,521  18,03518,751
Aeronautics13,167  9,9039,109
Corporate assets9,505  11,3558,794
Space6,560  6,4515,844
Missiles and Fire Control5,703  4,9665,030
Total52,456  50,71047,528


Price Behavior

LMT Betas & Captures as of 9/30/2025

 1M2M3M6M1Y3Y
Beta0.500.260.300.290.220.24
Up Beta2.130.361.690.430.430.40
Down Beta-0.380.02-0.440.230.050.16
Up Capture126%98%19%17%3%4%
Bmk +ve Days13233574144420
Stock +ve Days14294175133397
Down Capture-96%-73%-50%1%27%26%
Bmk -ve Days8192952107330
Stock -ve Days7132351118353

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

Short Interest

Short Interest: As Of Date9302025
Short Interest: Shares Quantity2,119,900
Short Interest: % Change Since 9152025-13.8%
Average Daily Volume1,355,864
Days-to-Cover Short Interest1.56
Basic Shares Quantity233,500,000
Short % of Basic Shares0.9%

Returns Analyses

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/22/2025-10.8%-8.5%-4.2%
4/22/20250.8%3.9%3.8%
1/28/2025-9.2%-9.6%-12.3%
10/22/2024-6.1%-9.7%-13.2%
7/23/20245.6%11.2%17.4%
4/23/2024-0.3%1.3%1.5%
1/23/2024-4.2%-6.7%-6.8%
10/17/20230.2%1.3%0.9%
...
SUMMARY STATS   
# Positive10911
# Negative141513
Median Positive2.1%4.2%4.5%
Median Negative-3.2%-5.0%-6.2%
Max Positive8.7%15.1%17.6%
Max Negative-11.8%-12.1%-13.2%

SEC Filings

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Report DateFiling DateFiling
6302025722202510-Q 6/29/2025
3312025422202510-Q 3/30/2025
12312024128202510-K 12/31/2024
93020241022202410-Q 9/29/2024
6302024723202410-Q 6/30/2024
3312024423202410-Q 3/31/2024
12312023123202410-K 12/31/2023
93020231017202310-Q 9/24/2023
6302023719202310-Q 6/25/2023
3312023418202310-Q 3/26/2023
12312022126202310-K 12/31/2022
93020221018202210-Q 9/25/2022
6302022719202210-Q 6/26/2022
3312022420202210-Q 3/27/2022
12312021125202210-K 12/31/2021
93020211026202110-Q 9/26/2021

Insider Activity

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External Quote Links


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