(LMT) Lockheed Martin - Overview
Sector: Industrials | Industry: Aerospace & Defense | Exchange: NYSE (USA) | Market Cap: 122.946m USD | Total Return: 14.8% in 12m
Avg Turnover: 697M
EPS Trend: -82.0%
Qual. Beats: 0
Rev. Trend: 97.0%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Lockheed Martin Corporation (LMT) is a global aerospace and defense leader operating through four primary segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The company specializes in the development and sustainment of advanced technology systems, including combat aircraft, missile defense, satellites, and maritime mission systems.
The business model relies heavily on long-term government contracts, with the U.S. Department of Defense serving as the primary customer alongside international allies. This sector is characterized by high barriers to entry due to intensive research and development requirements and strict regulatory oversight regarding foreign military sales.
Investors can further evaluate these contract cycles and historical performance trends by exploring the data on ValueRay.
Founded in 1912 and headquartered in Bethesda, Maryland, the firm maintains a diverse portfolio ranging from tactical missiles and ground vehicles to classified national security space systems and cyber solutions.
- F-35 production volume and delivery schedules drive aeronautics segment revenue
- Rising global defense spending increases international demand for missile defense systems
- U.S. Department of Defense budgetary shifts impact long-term procurement contract stability
- Backlog expansion in tactical missiles and space systems secures future earnings visibility
- Supply chain disruptions and labor costs pressure operating margins across core segments
| Net Income: 4.79b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 0.76 > 1.0 |
| NWC/Revenue: 3.98% < 20% (prev 2.25%; Δ 1.73% < -1%) |
| CFO/TA 0.12 > 3% & CFO 7.37b > Net Income 4.79b |
| Net Debt (18.8b) to EBITDA (9.11b): 2.06 < 3 |
| Current Ratio: 1.14 > 1.5 & < 3 |
| Outstanding Shares: last quarter (231.1m) vs 12m ago -1.78% < -2% |
| Gross Margin: 9.83% > 18% (prev 0.10%; Δ 972.7% > 0.5%) |
| Asset Turnover: 129.6% > 50% (prev 126.7%; Δ 2.89% > 0%) |
| Interest Coverage Ratio: 6.63 > 6 (EBITDA TTM 9.11b / Interest Expense TTM 1.12b) |
| A: 0.05 (Total Current Assets 25.1b - Total Current Liabilities 22.1b) / Total Assets 59.2b |
| B: 0.25 (Retained Earnings 14.7b / Total Assets 59.2b) |
| C: 0.13 (EBIT TTM 7.42b / Avg Total Assets 58.0b) |
| D: 0.14 (Book Value of Equity 7.46b / Total Liabilities 51.7b) |
| Altman-Z'' = 2.15 = BBB |
| DSRI: 1.04 (Receivables 18.2b/16.7b, Revenue 75.1b/71.8b) |
| GMI: 1.04 (GM 9.83% / 10.23%) |
| AQI: 0.87 (AQ_t 0.39 / AQ_t-1 0.44) |
| SGI: 1.05 (Revenue 75.1b / 71.8b) |
| TATA: -0.04 (NI 4.79b - CFO 7.37b) / TA 59.2b) |
| Beneish M = -3.04 (Cap -4..+1) = AA |
As of May 27, 2026, the stock is trading at USD 532.90 with a total of 1,213,931 shares traded.
Over the past week, the price has changed by +0.87%,
over one month by +3.81%,
over three months by -16.51% and
over the past year by +14.81%.
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 | 630.1 | 18.2% |
P/E Trailing = 25.8228
P/E Forward = 17.3611
P/S = 1.637
P/B = 16.0951
P/EG = 1.1055
Revenue TTM = 75.1b USD
EBIT TTM = 7.42b USD
EBITDA TTM = 9.11b USD
Long Term Debt = 20.5b USD (from longTermDebt, last quarter)
Short Term Debt = 168.0m USD (from shortTermDebt, last quarter)
Debt = 20.7b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 18.8b USD (calculated: Debt 20.7b - CCE 1.89b)
Enterprise Value = 142b USD (123b + Debt 20.7b - CCE 1.89b)
Interest Coverage Ratio = 6.63 (Ebit TTM 7.42b / Interest Expense TTM 1.12b)
EV/FCF = 25.04x (Enterprise Value 142b / FCF TTM 5.66b)
FCF Yield = 3.99% (FCF TTM 5.66b / Enterprise Value 142b)
FCF Margin = 7.54% (FCF TTM 5.66b / Revenue TTM 75.1b)
Net Margin = 6.38% (Net Income TTM 4.79b / Revenue TTM 75.1b)
Gross Margin = 9.83% ((Revenue TTM 75.1b - Cost of Revenue TTM 67.7b) / Revenue TTM)
Gross Margin QoQ = 11.53% (prev 11.47%)
Tobins Q-Ratio = 2.39 (Enterprise Value 142b / Total Assets 59.2b)
Interest Expense / Debt = 5.41% (Interest Expense 1.12b / Debt 20.7b)
Taxrate = 16.12% (286.0m / 1.77b)
NOPAT = 6.23b (EBIT 7.42b * (1 - 16.12%))
Current Ratio = 1.14 (Total Current Assets 25.1b / Total Current Liabilities 22.1b)
Debt / Equity = 2.76 (Debt 20.7b / totalStockholderEquity, last quarter 7.49b)
Debt / EBITDA = 2.06 (Net Debt 18.8b / EBITDA 9.11b)
Debt / FCF = 3.32 (Net Debt 18.8b / FCF TTM 5.66b)
Total Stockholder Equity = 6.43b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.27% (Net Income 4.79b / Total Assets 59.2b)
RoE = 74.53% (Net Income TTM 4.79b / Total Stockholder Equity 6.43b)
RoCE = 27.53% (EBIT 7.42b / Capital Employed (Equity 6.43b + L.T.Debt 20.5b))
RoIC = 16.70% (NOPAT 6.23b / Invested Capital 37.3b)
WACC = 5.22% (E(123b)/V(144b) * Re(5.34%) + D(20.7b)/V(144b) * Rd(5.41%) * (1-Tc(0.16)))
Discount Rate = 5.34% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -100.00 | Cagr: -2.76%
[DCF] Terminal Value 77.75% ; FCFF base≈5.39b ; Y1≈6.11b ; Y5≈8.71b
[DCF] Fair Price = 488.7 (EV 131b - Net Debt 18.8b = Equity 113b / Shares 230.6m; r=8.35% [WACC [floored]]; 5y FCF grow 13.58% → 2.50% )
EPS Correlation: -81.96 | EPS CAGR: -14.47% | SUE: -0.10 | # QB: 0
Revenue Correlation: 96.97 | Revenue CAGR: 4.11% | SUE: -0.29 | # QB: 0
EPS current Quarter (2026-06-30): EPS=7.18 | Chg30d=-0.95% | Revisions=-22% | Analysts=17
EPS next Quarter (2026-09-30): EPS=7.58 | Chg30d=+1.36% | Revisions=+47% | Analysts=17
EPS current Year (2026-12-31): EPS=29.87 | Chg30d=-0.14% | Revisions=-11% | GrowthEPS=+39.0% | GrowthRev=+5.5%
EPS next Year (2027-12-31): EPS=32.10 | Chg30d=+0.24% | Revisions=+20% | GrowthEPS=+7.5% | GrowthRev=+5.3%
[Analyst] Revisions Ratio: +47%