Stock AnalizLockheed Martin Corp. LMT
Military/Government/Technical · data as of November 13, 2026
Lockheed Martin Corp. (LMT) is a industrial company listed in the US with a market value of about $137.7B. In the twelve months to September 27, 2026 it had revenue of $79.1B and net income of $6.5B, a net margin of 8.2%.
Its overall Stock Analiz score is 3.0 out of 5 (average). The strongest part is shareholder returns (5/5); the weakest is future growth (0/5).
Key numbers: a P/E of 21.2, a price to free cash flow of 16.4, 5-year revenue growth of 3% a year, a 5-year average ROIC of 26%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 36% above the current price.
Score: 3.0 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- 5-year average ROIC above 12%
- Profitable 5 years in a row
- ROE above 15%
- Positive free cash flow
Checks not passed
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $79.1B | $75.0B | $71.0B | $67.6B | $66.0B | $67.0B | $65.4B | $59.8B | $53.8B | $51.0B | $47.3B |
| Net income | $6.5B | $5.0B | $5.3B | $6.9B | $5.7B | $6.3B | $6.8B | $6.2B | $5.0B | $2.0B | $5.2B |
| Free cash flow | $8.4B | $6.9B | $5.3B | $6.2B | $6.1B | $7.7B | $6.4B | $5.8B | $1.9B | $5.3B | $4.1B |
| EPS (diluted) | $28.15 | $21.49 | $22.31 | $27.55 | $21.66 | $22.76 | $24.30 | $21.95 | $17.59 | $6.75 | $17.07 |
| Net margin | 8.2% | 6.7% | 7.5% | 10.2% | 8.7% | 9.4% | 10.4% | 10.4% | 9.4% | 3.9% | 10.9% |
| ROIC | — | 22.2% | 21.7% | 28.5% | 27.5% | 31.7% | 37.5% | 43.5% | 40.9% | 39.7% | 28.7% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 22 analysts is $660.86, 11% above the current price; targets range from $498.00 to $835.00; the consensus rating is “Buy”; expected EPS is $30.62 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Lockheed Martin’s P/E ratio?
About 21.2, based on the last twelve months of diluted earnings per share (forward P/E about 18.5).
Is Lockheed Martin stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 36% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Lockheed Martin pay a dividend?
Yes. The dividend yield is about 2.36%, and it has paid dividends for 10 years in our data.
Is Lockheed Martin a good stock to buy?
We do not give buy or sell advice. Lockheed Martin scores 3.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.