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LMT · NYSE

Lockheed Martin Corporation

Aerospace & Defense · United States

USD 533.38-0.9% daily changeQuote 2026-09-18 · USD
Market cap (USD)
US$123.10B
Trailing P/E
19.68x
Forward P/E
16.28x
Quarterly revenue growth
10.5%
Trailing net margin
8.2%
Indicated dividend yield
2.6%

Snapshot 2026-09-20 · Latest financial period 2026-06-28 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-10-20 (provider estimate, not issuer-confirmed).

Company background

Lockheed Martin Corporation, an aerospace and defense company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services in the United States, Europe, Asia, the Middle East, and internationally. The company operates through four segments: Aeronautics; Missiles and Fire Control (MFC); Rotary and Mission Systems (RMS); and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment provides air and missile defense systems; tactical missiles and precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; and ground vehicles. The RMS segment offers military and commercial helicopters, surface ships, sea- and land-based missile defense systems, radar and laser systems, sea- and air-based mission and combat systems, command and control mission solutions, cyber solutions, simulation and training solutions, and services and support for surface ships. The Space segment provides satellites; space transportation systems; strategic, advanced strike, and defensive 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 global systems to help its customers gather, analyze, and securely distribute critical intelligence data. It primarily serves the U.S. government and international customers, as well as foreign military sales contracted through the U.S. government. The company was formerly known as The Lockheed Corporation and changed its name to Lockheed Martin Corporation in March 1995. Lockheed Martin Corporation was founded in 1912 and is based in Bethesda, Maryland.

Company website

Q2 2026

Go beyond the headline.

Lockheed Martin Stock: The +444% EPS Beat Is a MIRAGE — Why LMT Is Still a BUY (Q2 2026)

Published 2026-07-23

Comparable businesses

LMT peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

No suitable peers with fresh, comparable size data are available. We have not substituted unrelated companies.

Market metrics · missing or inapplicable values shown as —
MetricLMTLockheed Martin CorporationSnapshot 2026-09-20Financial period: 2026-06-28
Market capMarket value, converted to USDUS$123.10B
Forward P/EProvider forward earnings estimate16.28x
EV / EBITDAEnterprise value / trailing EBITDA14.45x
Revenue growthLatest quarter vs prior-year quarter10.5%
Operating marginLatest reported quarter12.0%
Free cash flow yieldTrailing cash flow / market cap4.5%
Net debt / EBITDANet debt / trailing EBITDA1.73x
Debt / equityTotal debt / positive book equity2.34x
Trailing P/ETrailing twelve-month earnings19.68x
Price / bookPrice / positive book equity per share13.99x
EV / salesEnterprise value / trailing revenue1.82x
Earnings growthLatest quarter vs prior-year quarter443.8%
Gross marginTrailing twelve months11.8%
Net marginTrailing twelve months8.2%
Return on equityProvider trailing return; positive equity only89.2%
Free cash flow marginTrailing free cash flow / revenue7.2%
Dividend yieldIndicated annual dividend / price2.6%
Earnings payoutProvider trailing dividend payout50.3%
Current ratioCurrent assets / current liabilities1.19x
BetaProvider historical market sensitivity0.10

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

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Valuation & price history

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Price history

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Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for LMT

All available reporting periods
Q2 20262026-07-23
Deep Dive2026-04-24
Q1 20262026-04-24

LMT Q1 2026 earnings analysis

Presentation · 2026-04-24 · YouTube

Deep Dive2026-04-24
Q4 20252026-04-15

LMT Stock: $20.3B Revenue — Q4 2025 Earnings Analysis

Presentation · 2026-04-15 · YouTube

LMT Stock: $20.3B Revenue — Q4 2025 Earnings Analysis

Presentation · 2026-04-15 · YouTube

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.