LMT

Lockheed Martin Corporation

Fundamental data last updated:September 1, 2026

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company profile

SECTOR

Industrials

industry

Aerospace & Defense

Exchange

NYSE

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

Lockheed Martin Corporation stands as a prominent global security and aerospace enterprise, specializing in the comprehensive lifecycle of advanced technological systems. Its expertise spans the research, design, development, manufacturing, integration, and ongoing sustainment of cutting-edge products and services across the world. The company's diverse operations are structured into four key segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics division is responsible for creating and producing leading-edge combat and air mobility aircraft, alongside unmanned aerial vehicles and their related innovations. The Missiles and Fire Control segment delivers sophisticated air and missile defense systems; tactical and precision air-to-ground weapon systems; comprehensive logistics; advanced fire control; mission operations, readiness, engineering support, and integration services; both crewed and uncrewed ground vehicles; and energy management solutions. Within the Rotary and Mission Systems segment, the portfolio includes military and commercial helicopters, naval surface ships, land and sea-based missile defense systems, advanced radar technologies, maritime and airborne mission and combat systems, intricate command and control solutions, cybersecurity services, and simulation and training platforms. The Space division focuses on satellites, space transportation systems, strategic, advanced strike, and defensive missile systems, as well as classified systems and services vital for national security. This segment further enhances situational awareness through network enablement, integrating space and ground-based systems to empower customers in gathering, analyzing, and securely distributing crucial intelligence data. Lockheed Martin primarily serves the United States government, alongside fulfilling foreign military sales facilitated through U.S. government contracts. Established in 1912, the corporation maintains its headquarters in Bethesda, Maryland.

 


VALUATION

P/E

25.81

Market Cap ($M USD)

$124.04B

Forward P/E

13.80

PEG

0.16

PRICE TO SALES

1.65

PRICE TO BOOK

16.52

EV / EBITDA

16.87

5-Year Average P/E

Free Cash Flow Yield

4.56%

DCF Value

$873.81

Graham Number

$123.61

Price to FCF

21.91

EV to FCF

25.23

Earnings Yield

3.88%

FCF Yield

4.56%

DIVIDEND

Yield

2.54%

Annual Payout

$13.65

Payout Ratio

65.74%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$20.85

Next Year EPS Growth Estimate

$38.98

Next Year Revenue Growth Estimate

$93.89B

Return on Equity (ROE)

74.53%

FREE CASH FLOW

Operating Margin

9.88%

Debt-to-Equity

3.23

Piotroski F-Score

6

Altman Z-Score

3.51

Return on Invested Capital (ROIC)

19.98%

Current Ratio

1.14

Quick Ratio

0.94

Net Debt to EBITDA

2.22

Interest Coverage

6.63

Gross Profit margin

9.82%

FCF PER SHARE

$24.63

REVENUE PER SHARE

$326.73

Gainseekers Quantitative Analysis

Summary

Lockheed Martin’s valuation presents a compelling opportunity for deep value investors. Recent pricing indicated it traded significantly below its DCF Value, suggesting the market may be undervaluing its future cash flows. The Forward P/E ratio is notably lower than the current P/E, hinting at expected earnings growth. With an Altman Z-score of 3.41, the company is financially stable, and its Earnings Yield, though modest, aligns with a robust Return on Equity of 74.53%. This combination of metrics underscores a solid financial foundation and potential for growth.

AI Exposure / Tech Reliance

Operating in the Aerospace & Defense industry, Lockheed Martin is strategically positioned to leverage AI and modern tech advancements. The sector's focus on innovation and defense technology ensures resilience against disruptive shifts. This positioning allows the company to capitalize on emerging tech trends, enhancing its competitive edge.

The Bull Case

For value investors, Lockheed Martin offers a compelling narrative. The ROIC of 19.98% reflects exceptional capital efficiency, while a Piotroski F-Score of 6 indicates decent financial health. Despite a modest FCF Yield, the company's ability to generate consistent free cash flow supports its dividend and growth initiatives. Its operating margin of 9.88% showcases pricing power, vital in maintaining profitability amidst industry competition.

The Bear Case

However, the stock is not without its risks. The Price/Book ratio of 15.64 and Price/Sales of 1.56 suggest a premium valuation, potentially overextending its intrinsic value. The Debt/Equity ratio of 3.23 raises concerns about leverage, despite manageable interest coverage. Additionally, trading below its 50-Day SMA indicates potential technical weakness, warranting caution for momentum investors.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$632.89

Institutional Ownership %

1-Year Beta

0.11

Insider Buying % (6 Mo)

Distance to 52-Week High

28.62%

Distance to 52-Week Low

23.77%

EARNINGS SURPRISE %

-4.45%

50-DAY SMA

$520.03

200-DAY SMA

$540.83

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.