Stock Analysis
Lockheed Martin Corp.LMT
P/E 20.27×· 5Y range 13.14–38.49×· 51th percentile of history
Sector: Industrials · Industry: Guided Missiles & Space Vehicles & Parts
AnalystsHold28 analystsP/E 20.3× sits at the 51st percentile of its 5.086926762491444-year history.
Cash covers 20% of debt · FY 2025.
PMP Verdict
Mixed fundamentals, fairly valued
Strengths
- Quality90
- Profitability75
Risks
- Growth26
Mixed picture — no clear quality or value edge.
Market context
+3.7% today· Z 2.5σ· UBS analyst reiterated a bullish recommendation, fueling further upward momentum.
Bull Case
- ✓Altman Z 3.5 — safe-zone balance sheet
- ✓ROE 93.5% — efficient capital deployment
Why is LMT moving?
SectorUBS analyst reiterated a bullish recommendation, fueling further upward momentum.
Profile
Strong earnings quality and profitability; growth lags behind.
How is each axis scored?
- Valuation69/100 · Moderate
- P/E vs own history (51th pct)12/25
- FCF yield (6.9%)20/25
- P/S (1.7x)25/25
- EV/EBIT (15.7x)12/25
- Growth26/100 · Weak
- Revenue CAGR (2.9%)6/25
- Net income CAGR (-5.6%)0/25
- EPS CAGR 5Y (-2.0%)0/25
- Fwd implied growth (24.6%)20/25
- Profitability75/100 · Strong
- ROIC (31.3%)25/25
- ROE (93.5%)25/25
- Net margin (8.2%)13/25
- Operating margin (11.9%)12/25
- Financial Health67/100 · Moderate
- Altman Z (3.54)25/25
- Current ratio (1.09)12/25
- Interest coverage (8.0x)18/25
- Net cash / debt (D/A 27%)12/25
- Quality90/100 · Strong
- Piotroski F (6/9)15/25
- Beneish M (-2.70)25/25
- FCF conversion (139%)25/25
- Margin stability (σ 1.5%)25/25
- Moat62/100 · Moderate
- ROIC >12% years (10/10 yrs)25/25
- Median gross margin (12.6%)0/25
- FCF-positive years (10/10 yrs)25/25
- Worst-year net margin (worst 3.9%)12/25
About Lockheed Martin Corp.
Lockheed Martin is the world's largest defense contractor and has dominated the Western market for high-end fighter aircraft since it won the F-35 Joint Strike Fighter program in 2001. Show more
Aeronautics is Lockheed's largest segment, which derives upward of two-thirds of its revenue from the F-35. Lockheed's remaining segments are rotary and mission systems, mainly encompassing the Sikorsky helicopter business; missiles and fire control, which creates missiles and missile defense systems; and space systems, which produces satellites and receives equity income from the United Launch Alliance joint venture.
Headquarters: BETHESDA, MD · Employees: 123,000 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
69BP/E (TTM)20.2xB
Grade B: FairPrice / TTM EPS (own statements) — vs own 5Y history: 13.1x–38.5x · 51st pct
P/FCF13.6xA
Grade A: CheapPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield6.9%A
Grade A: ValueTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 2.7%–8.1% · 93rd pct
P/S (TTM)1.65xA
Grade A: CheapPrice / TTM Revenue (own statements) — vs own 5Y history: 1.4x–2.2x · 36th pct
EV/EBIT15.7xB
Grade B: FairEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 11.1x–29.2x · 47th pct
EV/Sales1.8xA
Grade A: CheapEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E16.2xB
Grade B: FairPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio18.94xD
Grade D: Very expensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio1.12B
Grade B: FairFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield2.59%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio50.5%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
75B+ROIC31.3%A
Grade A: MoatNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE93.5%A
Grade A: StrongReturn on Equity. Neg. equity = heavy buybacks
ROA10.4%A
Grade A: StrongReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin8.2%C
Grade C: AverageNet Income / Revenue
Operating Margin11.9%C
Grade C: AverageTTM EBIT / TTM Revenue
Gross Margin11.8%D
Grade D: LowGross Profit / Revenue
FCF Margin11.3%C
Grade C: AverageFCF / Revenue
True FCF Margin10.9%C
Grade C: AverageTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
26ERevenue CAGR2.9%D
Grade D: LowCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR-5.6%D
Grade D: LowCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)-2.0%D
Grade D: LowCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth24.6%C
Grade C: MedAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)-17.3%A
Grade A: BuybacksShare count change over 5Y
SBC / Net Income5.5%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue0.4%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
67BAltman Z-Score3.54A
Grade A: SafeBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio1.09xC
Grade C: OkCurrent Assets/Liabilities
Quick Ratio1.01xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage8.0xC
Grade C: OkEBIT/Interest. >10 Strong
Debt Repayment1.9yA
Grade A: FastYears to repay net debt via FCF
Net Debt/EBIT1.8xA
Grade A: LowLeverage. <2x Low, >4x High
Debt/Equity3.05xD
Grade D: HighDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.20xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
90A+Piotroski F-Score6/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.70A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion138.8%A
Grade A: StrongFCF / Net Income
Margin Stability1.5%A
Grade A: StableEBIT margin std deviation. Lower = stable
Capex / Revenue2.2%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover1.27xA
Grade A: HighRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Donovan John Filed | Donovan John | Grant / award | +97 | |
BURRITT DAVID B Filed | BURRITT DAVID B | Grant / award | +83 | |
Donovan John Filed | Donovan John | SellOpen market sale | -1742 | |
Donovan John Filed | Donovan John | SellOpen market sale | -631 | |
Donovan John Filed | Donovan John | SellOpen market sale | -469 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Donovan John Filed | Donovan John | SellOpen market sale | -212 | |
Donovan John Filed | Donovan John | SellOpen market sale | -204 | |
Donovan John Filed | Donovan John | SellOpen market sale | -120 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
62BROIC >12% Years10/10 yrsA
Grade A: DurableShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)12.6%D
Grade D: WeakMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years10/10 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor3.9%C
Grade C: ModerateWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$27.24
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$16.48
Cash & short-term investments per share (Finnhub)
Book Value / Share$38.12
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$20.53B
Total debt obligations (short + long term)
Cash & Equiv.$4.12B
Cash and short-term investments
Net Debt$16.41B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$6.72B
Shareholders' equity (book value)
Asset / Liability1.13xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$127.30B
Current Market Capitalization
Beta0.13B
Grade B: DefensivePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Lockheed Martin Corp. (LMT)
LMT is up 3.65% at the last close — UBS analyst reiterated a bullish recommendation, fueling further upward momentum.. Piotroski F-Score of 6/9 indicates mixed fundamentals for Lockheed Martin Corp.. Altman Z-Score of 3.54 sits comfortably in the safe zone (≥ 2.99), indicating low bankruptcy risk. Beneish M-Score of -2.70 suggests a low likelihood of earnings manipulation.
- Takes ~1.9 years to repay net debt from free cash flow.
- Return on equity of 93.5% is well above the market average.
- The stock currently yields 2.6% in dividends.
See how LMT ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all LMT moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 16 | Regular | 550.58 | +3.37% | 2.37 |
| Oct 16 | After-hours | 551.60 | +3.56% | 2.50 |
| Oct 14 | Regular | 522.52 | +3.67% | 3.97 |
| Oct 14 | After-hours | 522.12 | +3.59% | 3.89 |
| Oct 8 | Regular | 508.30 | +1.82% | 2.26 |
Frequently Asked Questions about LMT
What is the current Lockheed Martin Corp. (LMT) stock price?
LMT is trading at $552.09 at the last market close, up 3.65% on the session. PreMarketPrice tracks LMT pre-market, intraday and after-hours prices.
Is LMT stock a buy right now?
PreMarketPrice's quantitative model rates Lockheed Martin Corp.'s financial health at 67/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is LMT stock overvalued?
Lockheed Martin Corp. trades at a trailing P/E of 20.2 and our valuation score rates it 69/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Lockheed Martin Corp. report earnings?
No confirmed earnings date is currently scheduled for LMT. The Earnings section lists recent reports and updates as dates are announced.
What sector does Lockheed Martin Corp. operate in?
Lockheed Martin Corp. operates in the Industrials sector, within the Guided Missiles & Space Vehicles & Parts industry. The Related Stocks section lists sector peers for comparison.
What does Lockheed Martin Corp. do?
Lockheed Martin is the world's largest defense contractor and has dominated the Western market for high-end fighter aircraft since it won the F-35 Joint Strike Fighter program in 2001.
About Lockheed Martin Corp. (LMT) Stock
Lockheed Martin Corp. (LMT) is a US-listed stock operating in the Industrials sector, specifically the Guided Missiles & Space Vehicles & Parts industry. As of the latest update, Lockheed Martin Corp. is trading at $552.09, up 3.65% on the day with a market capitalization of $127.3 billion. The financial health score for LMT is 67/100, which indicates good financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for LMT stock.
LMT Stock Analysis & Key Metrics
On PreMarketPrice, you can track Lockheed Martin Corp. (LMT) across multiple dimensions:
- Pre-market price & movement: Real-time LMT stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for LMT with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Lockheed Martin Corp. across multiple reporting periods.
- Financial health score: A composite score of 67/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for LMT.
- Sector peers: Compare LMT against 6 other industrials stocks on key financial metrics.
Is LMT a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Lockheed Martin Corp. (LMT) as an investment. The financial health score of 67/100 suggests good financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Lockheed Martin Corp. (LMT) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.