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.
Lockheed Martin Corporation key metrics & ratios
Annual · USD millions except per-share data · 36 lines
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | CAGR | |
|---|---|---|---|---|---|---|---|
| Growth (year over year) | |||||||
| Revenue growth | 5.7% | 5.1% | 2.4% | -1.6% | — | — | |
| Operating income growth | 10.2% | -17.6% | 1.9% | -8.5% | — | — | |
| Net income growth | -6.0% | -22.9% | 20.7% | -9.2% | — | — | |
| EPS (diluted) growth | -3.7% | -19.0% | 27.2% | -4.9% | — | — | |
| Free cash flow growth | 30.7% | -15.1% | 1.6% | -20.4% | — | — | |
| Margins | |||||||
| Gross margin | 10.2% | 9.8% | 12.5% | 12.6% | 13.5% | — | |
| Operating margin | 10.3% | 9.9% | 12.6% | 12.7% | 13.6% | — | |
| EBITDA margin | 11.6% | 12.4% | 15.5% | 13.2% | 14.1% | — | |
| Net margin | 6.7% | 7.5% | 10.2% | 8.7% | 9.4% | — | |
| FCF margin | 9.2% | 7.4% | 9.2% | 9.3% | 11.5% | — | |
| Returns on capital | |||||||
| Return on equity | 74.6% | 84.3% | 101.2% | 61.9% | 57.6% | — | |
| Return on assets | 8.4% | 9.6% | 13.2% | 10.8% | 12.4% | — | |
| Return on invested capital | 27.0% | 24.9% | 31.8% | 32.2% | 40.1% | — | |
| Leverage & liquidity | |||||||
| Debt / equity | 3.23x | 3.20x | 2.55x | 1.68x | 1.07x | — | |
| Net debt / EBITDA | 2.01x | 2.02x | 1.53x | 1.49x | 0.85x | — | |
| Current ratio | 1.09x | 1.13x | 1.21x | 1.32x | 1.42x | — | |
| Interest coverage | 6.92x | 6.77x | 9.29x | 13.40x | 16.03x | — | |
| Profitability & operating | |||||||
| EBIT | 7,040 | 7,256 | 9,014 | 7,303 | 8,119 | -3.5% | |
| EBITDA | 8,727 | 8,815 | 10,444 | 8,707 | 9,483 | -2.1% | |
| Operating income | 7,731 | 7,013 | 8,507 | 8,348 | 9,123 | -4.1% | |
| Income before tax | 5,922 | 6,220 | 8,098 | 6,680 | 7,550 | -5.9% | |
| Net income | 5,017 | 5,336 | 6,920 | 5,732 | 6,315 | -5.6% | |
| Earnings per share | |||||||
| EPS (basic) | $21.56 | $22.39 | $27.65 | $21.74 | $22.85 | -1.4% | |
| EPS (diluted) | $21.49 | $22.31 | $27.55 | $21.66 | $22.77 | -1.4% | |
| Share count (millions) | |||||||
| Weighted avg shares outstanding | 231 | 238 | 250 | 264 | 276 | -4.4% | |
| Weighted avg shares outstanding (diluted) | 232 | 239 | 251 | 265 | 277 | -4.4% | |
| Balance sheet highlights | |||||||
| Net debt | 17,579 | 17,787 | 16,017 | 13,000 | 8,072 | +21.5% | |
| Total debt | 21,700 | 20,270 | 17,459 | 15,547 | 11,676 | +16.8% | |
| Total investments | 3,258 | 3,073 | 3,114 | 2,903 | 3,434 | -1.3% | |
| Total stockholders' equity | 6,721 | 6,333 | 6,835 | 9,266 | 10,959 | -11.5% | |
| Total assets | 59,840 | 55,617 | 52,456 | 52,880 | 50,873 | +4.1% | |
| Cash flow highlights | |||||||
| Free cash flow | 6,908 | 5,287 | 6,229 | 6,132 | 7,699 | -2.7% | |
| Operating cash flow | 8,557 | 6,972 | 7,920 | 7,802 | 9,221 | -1.9% | |
| Capital expenditure | (1,649) | (1,685) | (1,691) | (1,670) | (1,522) | — | |
| Net cash from operating activities | 8,557 | 6,972 | 7,920 | 7,802 | 9,221 | -1.9% | |
| Additional fields | |||||||
| Accrued Expenses | 3,184 | 3,125 | 3,133 | 3,075 | 3,108 | +0.6% | |