LMT Stock Analysis: Lockheed Martin | NYSE
Aerospace & Defense | NYSE, USA | Market Cap: 117.609m USD | 12M Return: 2.6% | US5398301094 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 566M
EPS Trend: -58.9%
Qual. Beats: 0
Rev. Trend: 97.0%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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 U.S.-based aerospace and defense company that researches, designs, develops, manufactures, integrates, and sustains 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; Missiles and Fire Control (MFC); Rotary and Mission Systems (RMS); and Space, covering combat aircraft, missile defense systems, helicopters, naval platforms, satellites, and classified national security systems.
The companys primary customer base is the U.S. government, supplemented by international clients and foreign military sales (FMS) contracted through the U.S. government. As a large-cap defense prime contractor, Lockheed Martins business model is heavily reliant on long-term government contracts, which typically provide revenue visibility but expose the company to budget cycles and political risk.
Lockheed Martin was founded in 1912 and is headquartered in Bethesda, Maryland. The company was originally known as The Lockheed Corporation and adopted its current name in March 1995 following a merger.
- F-35 production deliveries accelerate Aeronautics backlog conversion
- DoD supplemental appropriations boost missile defense and munitions demand
- Fixed-price contract losses and pension costs pressure operating margins
| 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 (10.3b): 1.63 < 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: 7.71 > 6 (EBIT TTM 8.57b / 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: 0.14 (EBIT TTM 8.57b / Avg Total Assets 60.7b) |
| D: 0.16 (Book Value of Equity 8.77b / Total Liabilities 53.7b) |
| Altman-Z'' = 2.43 = 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 October 14, 2026, the stock is trading at USD 504.02 with a total of 860,316 shares traded. Over the past week, the price has changed by -1.20%, over one month by -4.79%, over three months by -2.60% and over the past year by +2.62%.
Current recommended Stop Loss: 490.90 (which is 2.6% or 1.2 ATR below the current price).
Lockheed Martin has received a consensus analysts rating of 3.57. Therefore, it is recommended to hold LMT.
- StrongBuy: 6
- Buy: 2
- Hold: 12
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 625.8 | 24.2% |
P/E Trailing = 18.7212
P/E Forward = 16.1551
P/S = 1.5271
P/B = 14.1636
P/EG = 1.0155
Revenue TTM = 77.0b USD
EBIT TTM = 8.57b USD
EBITDA TTM = 10.3b 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 = 134b USD (118b + Debt 20.5b - CCE 3.79b)
Interest Coverage Ratio = 7.71 (Ebit TTM 8.57b / Interest Expense TTM 1.11b)
EV/FCF = 15.39x (Enterprise Value 134b / FCF TTM 8.73b)
FCF Yield = 6.50% (FCF TTM 8.73b / Enterprise Value 134b)
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 = 2.15 (Enterprise Value 134b / Total Assets 62.5b)
Interest Expense / Debt = 5.41% (Interest Expense 1.11b / Debt 20.5b)
Taxrate = 15.28% (1.13b / 7.42b)
NOPAT = 7.26b (EBIT 8.57b * (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 = 1.63 (Net Debt 16.7b / EBITDA 10.3b)
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 = 30.79% (EBIT 8.57b / Capital Employed (Equity 7.29b + L.T.Debt 20.5b))
RoIC = 20.15% (NOPAT 7.26b / Invested Capital 36.0b)
WACC = 5.29% (E(118b)/V(138b) * Re(5.41%) + D(20.5b)/V(138b) * Rd(5.41%) * (1-Tc(0.15)))
Discount Rate = 5.41% (= 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=7.57 | Chg30d=+0.13% | Revisions=-40% | Analysts=17
EPS current Year (2026-12-31): EPS=30.45 | Chg30d=-0.03% | Revisions=+0% | GrowthEPS=+41.7% | GrowthRev=+7.9%
EPS next Year (2027-12-31): EPS=32.74 | Chg30d=+0.05% | Revisions=+40% | GrowthEPS=+7.5% | GrowthRev=+5.5%
[Analyst] Revisions Ratio: +0% (up=3, down=3)