(LMT) Lockheed Martin - Ratings and Ratios
Aircraft, Missiles, Helicopters, Satellites, Defense
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.74% |
| Yield on Cost 5y | 4.44% |
| Yield CAGR 5y | 6.35% |
| Payout Consistency | 96.3% |
| Payout Ratio | 57.1% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 21.4% |
| Value at Risk 5%th | 30.5% |
| Relative Tail Risk | -13.57% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.08 |
| Alpha | -3.77 |
| CAGR/Max DD | 0.11 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.444 |
| Beta | 0.185 |
| Beta Downside | 0.089 |
| Drawdowns 3y | |
|---|---|
| Max DD | 31.79% |
| Mean DD | 12.41% |
| Median DD | 10.17% |
Description: LMT Lockheed Martin December 02, 2025
Lockheed Martin (NYSE:LMT) is a global aerospace and defense integrator that designs, develops, manufactures, and sustains a broad portfolio of technology systems, products, and services for both government and commercial customers.
The firm operates through four primary segments: Aeronautics (fighter, transport, and unmanned aircraft); Missiles and Fire Control (air- and missile-defense, precision strike, and logistics); Rotary and Mission Systems (helicopters, naval platforms, radar, cyber, and training solutions); and Space (satellites, launch services, and classified national-security space capabilities).
Its customer base is dominated by the U.S. government, supplemented by international allies and foreign military sales routed through U.S. contracts, making defense appropriations the key revenue driver.
Originally founded in 1912 as the Lockheed Corporation, the company merged with Martin Marietta in 1995 to become Lockheed Martin and is headquartered in Bethesda, Maryland.
Key metrics: FY 2023 revenue reached $67 billion with a record backlog of roughly $150 billion, and net income was about $6.8 billion. The segment most sensitive to fiscal policy is Aeronautics, where the F-35 program alone accounts for ~30 % of total sales; a 3 % YoY increase in U.S. defense spending, driven by heightened geopolitical tensions, typically adds 1–2 % to LMT’s top line. For a deeper quantitative view, you might explore ValueRay’s analyst dashboard.
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) 68.00
| 1. Piotroski 4.50pt |
| 2. FCF Yield 3.49% |
| 3. FCF Margin 6.26% |
| 4. Debt/Equity 3.59 |
| 5. Debt/Ebitda 2.44 |
| 6. ROIC - WACC (= 12.64)% |
| 7. RoE 68.48% |
| 8. Rev. Trend 57.37% |
| 9. EPS Trend -33.99% |
What is the price of LMT shares?
Over the past week, the price has changed by +1.13%, over one month by +11.11%, over three months by -0.06% and over the past year by +3.94%.
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 | 524 | 7.4% |
| Analysts Target Price | 524 | 7.4% |
| ValueRay Target Price | 515.5 | 5.6% |
LMT Fundamental Data Overview December 29, 2025
P/E Trailing = 26.8798
P/E Forward = 16.3399
P/S = 1.5375
P/B = 18.0832
P/EG = 1.602
Beta = 0.241
Revenue TTM = 73.35b USD
EBIT TTM = 6.00b USD
EBITDA TTM = 7.68b USD
Long Term Debt = 20.52b USD (from longTermDebt, last quarter)
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 = 131.49b USD (112.77b + 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 131.49b)
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 131.49b / 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 = 22.52% (EBIT 6.00b / Capital Employed (Equity 6.13b + L.T.Debt 20.52b))
RoIC = 18.41% (NOPAT 5.01b / Invested Capital 27.23b)
WACC = 5.78% (E(112.77b)/V(134.96b) * Re(6.70%) + D(22.19b)/V(134.96b) * Rd(1.29%) * (1-Tc(0.16)))
Discount Rate = 6.70% (= 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: -33.99 | EPS CAGR: -1.08% | SUE: 0.30 | # QB: 0
Revenue Correlation: 57.37 | Revenue CAGR: 1.30% | SUE: 0.10 | # QB: 0
EPS next Quarter (2026-03-31): EPS=7.12 | Chg30d=+0.003 | Revisions Net=-2 | Analysts=7
EPS next Year (2026-12-31): EPS=29.21 | Chg30d=+0.096 | Revisions Net=+0 | Growth EPS=+31.4% | Growth Revenue=+4.3%
Additional Sources for LMT Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle