LMT
Lockheed Martin
$493.60
▼ 3.4%Updated Today 7:15 PM ET
▲ Up 9.0% over the last 12 months
Market Cap
$117.81B
P/E
24.56x
Forward P/E (est.)
27.53x
ROE
74.5%
Revenue Growth
4.6%
EPS Growth
-10.8%
Profit Margin
6.4%
FCF Yield
6.2%
Debt / Equity
3.23x
ROIC
21.0%
Interest Coverage
8.44x
Current Ratio
1.14x
Dividend Yield
2.6%
Implied Growth (rev. DCF)
3.0%
Rating Score
45/100
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what LMT's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. LMT trades near $493.60, below its 50-day average ($537.43) and 200-day average ($538.43). Price below both averages is a downtrend — momentum is against buyers for now.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 42 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. LMT's is $13.63 (~2.8% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month LMT found buyers near $505.18 (support) and sellers near $550.99 (resistance); its 52-week range is $410.11–$692.00. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 3.0× the 20-day average — heavier than usual, which adds conviction to the move. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
Lockheed Martin (LMT) is a large-cap company in the Aerospace & Defense industry, part of the Industrials sector of the S&P 500, with a market value around $117.81B.
In its latest reported year it generated about $75.05B in revenue and $5.02B in net profit.
Our model rates LMT Neutral (45/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
4Y CAGR
2.9%
Revenue moved from $67.04B in 2021 to $75.05B in 2025, a 2.9% compound annual growth rate. The most recent year was roughly flat (4.6%) year over year. Slower, mature growth is common for established businesses.
Gross Margin
10.2%
Operating Margin
10.3%
Net Margin
6.7%
ROE
74.5%
Lockheed Martin keeps about 6.4% of each sales dollar as net profit, with a 10.2% gross margin and 10.3% operating margin. Return on equity is 74.5% and return on invested capital about 21.0%. Margins are moderate — typical of a competitive but profitable business.
Total Debt
$21.70B
Net Debt
$19.81B
Net Debt / EBITDA
2.56x
Debt / Equity
3.23x
Leverage: debt-to-equity is 3.2x, and operating profit covers interest about 8.4x, with a current ratio of 1.1x. That is elevated leverage, which raises risk if earnings or rates move against it. It carries roughly $21.70B of total debt against $1.89B of cash.
Operating CF
$8.56B
Free Cash Flow
$6.91B
FCF Margin
9.2%
In the latest year Lockheed Martin produced about $8.56B of operating cash flow and $6.91B of free cash flow after capital spending. That is a free-cash-flow yield of about 6.2% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
P/E
24.56x
P/S
1.65x
P/B
15.88x
EV / EBITDA
15.22x
LMT trades at 24.6x trailing earnings (about 27.5x on estimated forward earnings), 1.6x sales, and 15.9x book value. Reverse-engineering today's price implies the market expects roughly 3.0% long-term free-cash-flow growth. That is a fairly typical valuation for a profitable company.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.
How LMT stacks up against its Industrials peers — valuation, profitability, and growth versus the sector median.
In the Industrials sector (80 S&P 500 companies), LMT ranks #56 of 80 by our overall rating. It trades at a discount versus the sector on earnings (24.6x P/E vs. 30x median) with a higher return on equity (74.5% vs. 24.7%) and slower revenue growth (4.6% vs. 5.0%).
P/E vs sector
24.6x
median 30x
ROE vs sector
74.5%
median 24.7%
Growth vs sector
4.6%
median 5.0%
Sector rank
#56
of 80 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Industrials companies by sub-industry and size. Sector median is across all 80 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$436.20 – $727.00
vs. $493.60 today · expected CAGR -2% – 8%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $78.80B | $82.74B | $86.88B | $91.22B | $95.78B |
| Net income | $5.52B | $5.79B | $6.08B | $6.39B | $6.70B |
| EPS | $23.92 | $25.12 | $26.38 | $27.70 | $29.08 |
| Share price (low) | $358.86 | $376.80 | $395.64 | $415.43 | $436.20 |
| Share price (high) | $598.10 | $628.01 | $659.41 | $692.38 | $727.00 |
| CAGR (low–high) | -27% / 21% | -13% / 13% | -7% / 10% | -4% / 9% | -2% / 8% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for LMT:
- Strong return on equity (74.5%) shows capital is put to work well.
- Healthy free-cash-flow yield (~6.2%) funds buybacks and dividends.
- Pays a 2.6% dividend on top of any price gains.
The case against LMT:
- Elevated leverage (debt/equity 3.2x) adds financial risk.
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Balance-sheet risk — debt/equity of 3.2x magnifies the impact of higher rates or weaker earnings.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: Lockheed Martin is a large-cap industrials business growing at a mature pace, with modest profitability, and a heavier debt load to watch. It trades at 24.6x earnings, which our model scores Neutral (45/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.