(LMT) Lockheed Martin - Ratings and Ratios
Aircraft, Missiles, Helicopters, Satellites, Radars
LMT EPS (Earnings per Share)
LMT Revenue
Description: LMT Lockheed Martin September 25, 2025
Lockheed Martin (NYSE:LMT) is a global aerospace and defense integrator that designs, builds, and sustains a wide range of technology systems for government and commercial customers. Its operations are organized into four segments: Aeronautics (fighter jets, air-mobility platforms, UAVs), Missiles & Fire Control (air-defense, precision-strike weapons, logistics and energy-management solutions), Rotary & Mission Systems (helicopters, naval combat systems, cyber-and simulation services) and Space (satellites, launch vehicles, classified national-security space capabilities).
In fiscal 2023 the company reported revenue of roughly $67 billion, a free-cash-flow generation of $6 billion and an operating margin near 10 %. Backlog-orders yet to be fulfilled-stood at about $150 billion, underscoring the long-term, high-barrier nature of defense contracts. R&D spending remained steady at ~2.5 % of revenue (~$1.7 billion), reflecting continued investment in next-generation platforms such as the F-35, hypersonic weapons, and the Orion space capsule.
Key economic drivers for Lockheed Martin include the U.S. defense budget, which is projected by the Congressional Budget Office to grow at an average 1.5 % annual rate through 2030, and heightened geopolitical tensions that boost demand for air-defense and space-based ISR capabilities. The commercial space launch market is expanding at a CAGR of roughly 15 % (2024-2029), providing upside for the company’s Space segment, while the “Buy American” procurement policies in major allied nations create additional export opportunities for its aeronautics and missile systems.
For a deeper, data-driven view of how these trends translate into valuation metrics, you may find it worthwhile to explore the analyst tools on ValueRay.
LMT Stock Overview
| Market Cap in USD | 112,934m |
| Sub-Industry | Aerospace & Defense |
| IPO / Inception | 1977-01-03 |
LMT Stock Ratings
| Growth Rating | 11.0% |
| Fundamental | 66.6% |
| Dividend Rating | 67.3% |
| Return 12m vs S&P 500 | -23.8% |
| Analyst Rating | 3.71 of 5 |
LMT Dividends
| Dividend Yield 12m | 3.43% |
| Yield on Cost 5y | 5.18% |
| Annual Growth 5y | 6.80% |
| Payout Consistency | 98.4% |
| Payout Ratio | 43.7% |
LMT Growth Ratios
| Growth Correlation 3m | 94.7% |
| Growth Correlation 12m | -25.2% |
| Growth Correlation 5y | 86.5% |
| CAGR 5y | 2.78% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.09 |
| CAGR/Mean DD 3y (Pain Ratio) | 0.24 |
| Sharpe Ratio 12m | 0.21 |
| Alpha | -21.35 |
| Beta | 0.274 |
| Volatility | 22.50% |
| Current Volume | 1368.4k |
| Average Volume 20d | 1312.7k |
| Stop Loss | 470.8 (-3%) |
| Signal | -0.76 |
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income (4.20b TTM) > 0 and > 6% of Revenue (6% = 4.40b TTM) |
| FCFTA 0.08 (>2.0%) and ΔFCFTA -4.10pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 4.04% (prev 7.58%; Δ -3.54pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.11 (>3.0%) and CFO 6.36b > Net Income 4.20b (YES >=105%, WARN >=100%) |
| Net Debt (18.72b) to EBITDA (7.68b) ratio: 2.44 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.13 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (232.8m) change vs 12m ago -2.43% (target <= -2.0% for YES) |
| Gross Margin 8.16% (prev 12.17%; Δ -4.01pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 126.7% (prev 128.4%; Δ -1.73pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 5.50 (EBITDA TTM 7.68b / Interest Expense TTM 1.09b) >= 6 (WARN >= 3) |
Altman Z'' 1.90
| (A) 0.05 = (Total Current Assets 25.94b - Total Current Liabilities 22.97b) / Total Assets 60.28b |
| (B) 0.23 = Retained Earnings (Balance) 14.05b / Total Assets 60.28b |
| (C) 0.10 = EBIT TTM 6.00b / Avg Total Assets 57.90b |
| (D) 0.11 = Book Value of Equity 6.18b / Total Liabilities 54.09b |
| Total Rating: 1.90 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 66.64
| 1. Piotroski 4.50pt = -0.50 |
| 2. FCF Yield 3.49% = 1.74 |
| 3. FCF Margin 6.26% = 1.57 |
| 4. Debt/Equity 3.59 = -1.58 |
| 5. Debt/Ebitda 2.44 = -0.84 |
| 6. ROIC - WACC (= 12.63)% = 12.50 |
| 7. RoE 68.48% = 2.50 |
| 8. Rev. Trend 41.66% = 3.12 |
| 9. EPS Trend -37.54% = -1.88 |
What is the price of LMT shares?
Over the past week, the price has changed by -4.05%, over one month by -0.42%, over three months by +16.05% and over the past year by -10.10%.
Is Lockheed Martin a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of LMT is around 467.75 USD . This means that LMT is currently overvalued and has a potential downside of -3.64%.
Is LMT a buy, sell or hold?
- Strong Buy: 7
- Buy: 4
- Hold: 12
- Sell: 1
- Strong Sell: 0
What are the forecasts/targets for the LMT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 520.9 | 7.3% |
| Analysts Target Price | 520.9 | 7.3% |
| ValueRay Target Price | 510 | 5.1% |
LMT Fundamental Data Overview October 26, 2025
P/E Trailing = 27.1786
P/E Forward = 16.7504
P/S = 1.5397
P/B = 21.8566
P/EG = 1.6597
Beta = 0.274
Revenue TTM = 73.35b USD
EBIT TTM = 6.00b USD
EBITDA TTM = 7.68b USD
Long Term Debt = 19.63b USD (from longTermDebt, last fiscal year)
Short Term Debt = 1.67b USD (from shortTermDebt, last quarter)
Debt = 22.19b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 18.72b USD (from netDebt column, last quarter)
Enterprise Value = 131.65b USD (112.93b + Debt 22.19b - CCE 3.47b)
Interest Coverage Ratio = 5.50 (Ebit TTM 6.00b / Interest Expense TTM 1.09b)
FCF Yield = 3.49% (FCF TTM 4.59b / Enterprise Value 131.65b)
FCF Margin = 6.26% (FCF TTM 4.59b / Revenue TTM 73.35b)
Net Margin = 5.73% (Net Income TTM 4.20b / Revenue TTM 73.35b)
Gross Margin = 8.16% ((Revenue TTM 73.35b - Cost of Revenue TTM 67.36b) / Revenue TTM)
Gross Margin QoQ = 12.04% (prev 4.04%)
Tobins Q-Ratio = 2.18 (Enterprise Value 131.65b / Total Assets 60.28b)
Interest Expense / Debt = 1.29% (Interest Expense 286.0m / Debt 22.19b)
Taxrate = 16.46% (319.0m / 1.94b)
NOPAT = 5.01b (EBIT 6.00b * (1 - 16.46%))
Current Ratio = 1.13 (Total Current Assets 25.94b / Total Current Liabilities 22.97b)
Debt / Equity = 3.59 (Debt 22.19b / totalStockholderEquity, last quarter 6.18b)
Debt / EBITDA = 2.44 (Net Debt 18.72b / EBITDA 7.68b)
Debt / FCF = 4.08 (Net Debt 18.72b / FCF TTM 4.59b)
Total Stockholder Equity = 6.13b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.97% (Net Income 4.20b / Total Assets 60.28b)
RoE = 68.48% (Net Income TTM 4.20b / Total Stockholder Equity 6.13b)
RoCE = 23.30% (EBIT 6.00b / Capital Employed (Equity 6.13b + L.T.Debt 19.63b))
RoIC = 18.67% (NOPAT 5.01b / Invested Capital 26.85b)
WACC = 6.04% (E(112.93b)/V(135.12b) * Re(7.02%) + D(22.19b)/V(135.12b) * Rd(1.29%) * (1-Tc(0.16)))
Discount Rate = 7.02% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -100.0 | Cagr: -2.74%
[DCF Debug] Terminal Value 75.84% ; FCFE base≈5.36b ; Y1≈4.60b ; Y5≈3.59b
Fair Price DCF = 283.4 (DCF Value 65.59b / Shares Outstanding 231.4m; 5y FCF grow -17.27% → 3.0% )
EPS Correlation: -37.54 | EPS CAGR: -4.06% | SUE: 0.30 | # QB: 0
Revenue Correlation: 41.66 | Revenue CAGR: -0.74% | SUE: 0.10 | # QB: 0
Additional Sources for LMT Stock
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Fund Manager Positions: Dataroma | Stockcircle