LMT Stock Analysis: Lockheed Martin | NYSE
Aerospace & Defense | NYSE, USA | Market Cap: 134.491m USD | 12M Return: 42.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 607M
EPS Trend: -58.9%
Qual. Beats: 0
Rev. Trend: 97.0%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Lockheed Martin Corporation (NYSE: LMT) is a major U.S. aerospace and defense contractor engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services for customers across the United States, Europe, Asia, the Middle East, and other international markets.
The company operates through four business segments: Aeronautics (combat and air mobility aircraft, unmanned aerial vehicles, and related technologies); Missiles and Fire Control (air and missile defense systems, tactical missiles, precision strike weapons, fire control, mission operations support, and ground vehicles); Rotary and Mission Systems (military and commercial helicopters, surface ships, radar and laser systems, command and control, cyber solutions, and simulation and training); and Space (satellites, space transportation, strategic and defensive systems, and classified national security programs).
Lockheed Martin derives the majority of its revenue from long-term contracts with the U.S. government, including the Department of Defense, intelligence agencies, and NASA, with additional international sales routed through the U.S. Foreign Military Sales (FMS) program. The FMS framework is the standard mechanism by which allied governments procure U.S. defense equipment, making U.S. defense primes direct beneficiaries of allied defense budgets and a key channel for international revenue.
Founded in 1912 and headquartered in Bethesda, Maryland, the company was originally known as The Lockheed Corporation before adopting its current name in March 1995. It is classified within the GICS Industrials sector, Aerospace & Defense sub-industry.
- F-35 production and international orders expand Aeronautics backlog
- Global conflicts accelerate missile defense and precision weapons demand
- Record defense budget sustains Space and classified program revenue
| Net Income: 6.29b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA 8.32 > 1.0 |
| NWC/Revenue: 5.96% < 20% (prev -0.51%; Δ 6.47% < -1%) |
| CFO/TA 0.17 > 3% & CFO 10.4b > Net Income 6.29b |
| Net Debt (16.7b) to EBITDA (10.8b): 1.54 < 3 |
| Current Ratio: 1.19 > 1.5 & < 3 |
| Outstanding Shares: last quarter (231.1m) vs 12m ago -1.37% < -2% |
| Gross Margin: 11.81% > 18% (prev 8.16%; Δ 3.65% > 0.5%) |
| Asset Turnover: 127.0% > 50% (prev 122.0%; Δ 4.94% > 0%) |
| Interest Coverage Ratio: 8.24 > 6 (EBIT TTM 9.15b / Interest Expense TTM 1.11b) |
| A: 0.07 (Total Current Assets 28.4b - Total Current Liabilities 23.8b) / Total Assets 62.5b |
| B: 0.25 (Retained Earnings 15.8b / Total Assets 62.5b) |
| C: 0.15 (EBIT TTM 9.15b / Avg Total Assets 60.7b) |
| D: 0.16 (Book Value of Equity 8.77b / Total Liabilities 53.7b) |
| Altman-Z'' = 2.49 = A |
| DSRI: 0.17 (Receivables 3.36b/18.2b, Revenue 77.0b/71.8b) |
| GMI: 0.69 (GM 8.16% / 11.81%) |
| AQI: 0.81 (AQ_t 0.36 / AQ_t-1 0.45) |
| SGI: 1.07 (Revenue 77.0b / 71.8b) |
| TATA: -0.07 (NI 6.29b - CFO 10.4b) / TA 62.5b) |
| Beneish M = -4.05 (Cap -4..+1) = AAA |
As of August 05, 2026, the stock is trading at USD 589.33 with a total of 1,180,421 shares traded. Over the past week, the price has changed by +1.38%, over one month by +9.54%, over three months by +14.48% and over the past year by +42.85%.
Current recommended Stop Loss: 568.20 (which is 3.6% or 1.3 ATR below the current price).
Lockheed Martin has received a consensus analysts rating of 3.71. Therefore, it is recommended to hold LMT.
- StrongBuy: 7
- Buy: 4
- Hold: 12
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 628.2 | 6.6% |
P/E Trailing = 21.5033
P/E Forward = 18.9036
P/S = 1.7463
P/B = 15.1117
P/EG = 1.1881
Revenue TTM = 77.0b USD
EBIT TTM = 9.15b USD
EBITDA TTM = 10.8b USD
Long Term Debt = 20.5b USD (from longTermDebt, last quarter)
Short Term Debt = 1.17b USD (from shortTermDebt, last fiscal year)
Debt = 20.5b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 16.7b USD (calculated: Debt 20.5b - CCE 3.79b)
Enterprise Value = 151b USD (134b + Debt 20.5b - CCE 3.79b)
Interest Coverage Ratio = 8.24 (Ebit TTM 9.15b / Interest Expense TTM 1.11b)
EV/FCF = 17.33x (Enterprise Value 151b / FCF TTM 8.73b)
FCF Yield = 5.77% (FCF TTM 8.73b / Enterprise Value 151b)
FCF Margin = 11.33% (FCF TTM 8.73b / Revenue TTM 77.0b)
Net Margin = 8.16% (Net Income TTM 6.29b / Revenue TTM 77.0b)
Gross Margin = 11.81% ((Revenue TTM 77.0b - Cost of Revenue TTM 67.9b) / Revenue TTM)
Gross Margin QoQ = 12.19% (prev 11.53%)
Tobins Q-Ratio = 2.42 (Enterprise Value 151b / Total Assets 62.5b)
Interest Expense / Debt = 5.41% (Interest Expense 1.11b / Debt 20.5b)
Taxrate = 15.28% (1.13b / 7.42b)
NOPAT = 7.75b (EBIT 9.15b * (1 - 15.28%))
Current Ratio = 1.19 (Total Current Assets 28.4b / Total Current Liabilities 23.8b)
Debt / Equity = 2.34 (Debt 20.5b / totalStockholderEquity, last quarter 8.77b)
Debt / EBITDA = 1.54 (Net Debt 16.7b / EBITDA 10.8b)
Debt / FCF = 1.92 (Net Debt 16.7b / FCF TTM 8.73b)
Total Stockholder Equity = 7.29b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.36% (Net Income 6.29b / Total Assets 62.5b)
RoE = 86.24% (Net Income TTM 6.29b / Total Stockholder Equity 7.29b)
RoCE = 32.89% (EBIT 9.15b / Capital Employed (Equity 7.29b + L.T.Debt 20.5b))
RoIC = 21.53% (NOPAT 7.75b / Invested Capital 36.0b)
WACC = 5.45% (E(134b)/V(155b) * Re(5.58%) + D(20.5b)/V(155b) * Rd(5.41%) * (1-Tc(0.15)))
Discount Rate = 5.58% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -98.61 | Cagr: -1.96%
[DCF] Terminal Value 77.97% ; FCFF base≈6.57b ; Y1≈7.53b ; Y5≈11.1b
[DCF] Fair Price = 650.1 (EV 167b - Net Debt 16.7b = Equity 150b / Shares 230.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -58.88 | EPS CAGR: -10.76% | SUE: 0.30 | # QB: 0
Revenue Correlation: 96.96 | Revenue CAGR: 4.42% | SUE: 1.48 | # QB: 1
EPS current Quarter (2026-09-30): EPS=7.47 | Chg30d=-1.43% | Revisions=+17% | Analysts=18
EPS current Year (2026-12-31): EPS=30.42 | Chg30d=+1.77% | Revisions=+0% | GrowthEPS=+41.5% | GrowthRev=+7.8%
EPS next Year (2027-12-31): EPS=32.65 | Chg30d=+1.68% | Revisions=+0% | GrowthEPS=+7.3% | GrowthRev=+5.3%
[Analyst] Revisions Ratio: +10% (up=4, down=3)