LMT

Lockheed Martin Corporation

Fundamental data last updated:May 13, 2026

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company profile

SECTOR

Industrials

industry

Aerospace & Defense

Exchange

NYSE

County of HQ

US

Next Earnings Date

07/28/2026

Business Summary

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. The Missiles and Fire Control segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; manned and unmanned ground vehicles; and energy management solutions. The Rotary and Mission Systems segment offers military and commercial helicopters, surface ships, sea and land-based missile defense systems, radar systems, sea and air-based mission and combat systems, command and control mission solutions, cyber solutions, and simulation and training solutions. The Space segment offers satellites; space transportation systems; strategic, advanced strike, and defensive missile 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-based systems to help its customers gather, analyze, and securely distribute critical intelligence data. It serves primarily serves the U.S. government, as well as foreign military sales contracted through the U.S. government. Lockheed Martin Corporation was founded in 1912 and is headquartered in Bethesda, Maryland.

 


VALUATION

P/E

24.57

Market Cap ($M USD)

$118.11B

Forward P/E

13.38

PEG

0.16

PRICE TO SALES

1.57

PRICE TO BOOK

15.73

EV / EBITDA

16.93

5-Year Average P/E

Free Cash Flow Yield

4.79%

DCF Value

$914.12

Graham Number

$123.61

Price to FCF

20.86

EV to FCF

24.18

Earnings Yield

4.07%

FCF Yield

4.79%

DIVIDEND

Yield

2.64%

Annual Payout

$13.50

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

$38.28

Next Year Revenue Growth Estimate

$9.27T

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

3.42

Return on Invested Capital (ROIC)

19.98%

Current Ratio

1.14

Quick Ratio

0.94

Net Debt to EBITDA

2.32

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

$635.11

Institutional Ownership %

1-Year Beta

0.10

Insider Buying % (6 Mo)

Distance to 52-Week High

35.09%

Distance to 52-Week Low

19.94%

EARNINGS SURPRISE %

-4.45%

50-DAY SMA

$597.79

200-DAY SMA

$526.35

⚠️ 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.