Lockheed Martin Corporation
LMTNYSE
$586.39
Last price · USD
- Market cap
- $136.0B
- P/E
- 27.3x
- EV / EBITDA
- 17.6x
- P/S
- 1.8x
- FCF yield
- 5.1%
- Div. yield
- 2.30%
Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.
Revenue
$75.06B
+5.7%
4Y CAGR +2.9%
Gross profit
$7.62B
+9.9%
4Y CAGR -4.2%
Operating income
$7.73B
+10.2%
4Y CAGR -4.1%
Net income
$5.02B
-6.0%
4Y CAGR -5.6%
EPS (diluted)
$21.49
-3.7%
4Y CAGR -1.4%
Free cash flow
$6.91B
+30.7%
4Y CAGR -2.7%
Revenue & net income
Fiscal 2021–2025 · USD
RevenueNet income
Valuation
At $586.39 · FY2025 fundamentals
- Market cap
- $136.0B
- Enterprise value
- $153.6B
- P/E
- 27.3x
- P/S
- 1.8x
- P/B
- 20.2x
- EV / EBITDA
- 17.6x
- EV / Sales
- 2.0x
- Earnings yield
- 3.7%
- FCF yield
- 5.1%
- Shareholder yield
- 4.5%
Profitability
Margins as a share of revenue
| Metric | Latest | 4Y ago | Trend |
|---|---|---|---|
| Gross margin | 10.2%-3.4pp | 13.5% | |
| Operating margin | 10.3%-3.3pp | 13.6% | |
| EBITDA margin | 11.6%-2.5pp | 14.1% | |
| Net margin | 6.7%-2.7pp | 9.4% | |
| FCF margin | 9.2%-2.3pp | 11.5% |
Returns & financial health
FY2025 with 4-year trend
| Metric | Latest | 4Y ago | Trend |
|---|---|---|---|
| Return on equity | 74.6% | 57.6% | |
| Return on invested capital | 27.0% | 40.1% | |
| Return on assets | 8.4% | 12.4% | |
| Debt / equity | 3.23x | 1.07x | |
| Net debt / EBITDA | 2.01x | 0.85x | |
| Current ratio | 1.09x | 1.42x |
Cash & equivalents
$4.12B
Total debt
$21.70B
Capital allocation
How LMT used its cash in FY2025
- Operating cash flow
- $8.56B
- Capital expenditure
- $1.65B
- Dividends paid
- $3.13B
- Share repurchases
- $3.00B
- Stock-based compensation
- $304M
- Diluted shares
- 231.9M
- Share count change (4Y)
- -16.4%
Analyst estimates
Consensus for upcoming fiscal years
| Fiscal year | Revenue | Growth | EPS | Growth |
|---|---|---|---|---|
| FY2025 actual | $75.06B | $21.49 | ||
| FY2026E12 analysts | $81.05B | +8.0% | $30.50 | +41.9% |
| FY2027E15 analysts | $86.34B | +6.5% | $32.95 | +8.1% |
| FY2028E14 analysts | $91.82B | +6.3% | $35.30 | +7.1% |
About Lockheed Martin Corporation
Industrials · Aerospace & Defense
Lockheed Martin Corporation stands as a prominent global security and aerospace enterprise, specializing in the comprehensive lifecycle of advanced technological systems. Its expertise spans the research, design, development, manufacturing, integration, and ongoing sustainment of cutting-edge products and services across the world. The company's diverse operations are structured into four key segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.
lockheedmartin.com- Sector
- Industrials
- Industry
- Aerospace & Defense
- CEO
- James D. Taiclet Jr.
- Employees
- 123,000
- Headquarters
- Bethesda, MD, US
- IPO date
- 1977-01-03
Lockheed Martin Corporation (LMT) — frequently asked questions
Answered from the company's SEC filings
Lockheed Martin Corporation stands as a prominent global security and aerospace enterprise, specializing in the comprehensive lifecycle of advanced technological systems. Its expertise spans the research, design, development, manufacturing, integration, and ongoing sustainment of cutting-edge products and services across the world.
Explore the full income statement, balance sheet and cash flow statement. Not investment advice.