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Lockheed Martin Corporation (LMT)

636.95 -6.64 (-1.03%)
At close: October 30 at 4:00:02 PM EDT
636.00 -0.95 (-0.15%)
After hours: October 30 at 7:13:22 PM EDT
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Dividend
LMT announced a cash dividend of $3.60 with an ex-date of Dec. 1, 2026
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Lockheed Martin closed its $3.45 billion Ultra Maritime acquisition and entered November with a record $292 billion backlog. Recent coverage emphasizes stronger missile demand, higher cash-flow guidance, and expansion in hypersonic weapons, while also noting valuation, execution, balance-sheet, and contract-risk concerns.

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  • Previous Close 643.59
  • Open 649.94
  • Bid 635.95 x 4000
  • Ask 637.25 x 12000
  • Day's Range 636.28 - 657.00
  • 52 Week Range 437.25 - 692.00
  • Volume 1,871,145
  • Avg. Volume 1,234,262
  • Market Cap (intraday) 147.138B
  • Beta (5Y Monthly) 0.09
  • PE Ratio (TTM) 22.62
  • EPS (TTM) 28.16
  • Earnings Date (est.) Jan 26, 2027
  • Forward Dividend & Yield 14.40 (2.26%)
  • 1y Target Est 652.57
  • Morningstar Rating
    Rating available with Stock Picks access

Lockheed Martin Corporation, an aerospace and defense company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services in the United States, Europe, Asia, the Middle East, and internationally. The company operates through four segments: Aeronautics; Missiles and Fire Control (MFC); Rotary and Mission Systems (RMS); and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment provides air and missile defense systems; tactical missiles and precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; and ground vehicles. The RMS segment offers military and commercial helicopters, surface ships, sea- and land-based missile defense systems, radar and laser systems, sea- and air-based mission and combat systems, command and control mission solutions, cyber solutions, simulation and training solutions, and services and support for surface ships. The Space segment provides satellites; space transportation systems; strategic, advanced strike, and defensive systems; and classified systems and services in support of national security systems. This segment also provides network-enabled situational awareness; and integrates space and ground global systems to help its customers gather, analyze, and securely distribute critical intelligence data. It primarily serves the U.S. government and international customers, as well as foreign military sales contracted through the U.S. government. The company was formerly known as The Lockheed Corporation and changed its name to Lockheed Martin Corporation in March 1995. Lockheed Martin Corporation was founded in 1912 and is based in Bethesda, Maryland.

www.lockheedmartin.com

123,000

Full Time Employees

December 31

Fiscal Year Ends

Performance Overview

Trailing total returns as of 10/30/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

LMT
34.08%
S&P 500 (^GSPC)
10.73%

1-Year Return

LMT
33.42%
S&P 500 (^GSPC)
11.11%

3-Year Return

LMT
54.76%
S&P 500 (^GSPC)
81.91%

5-Year Return

LMT
119.10%
S&P 500 (^GSPC)
64.59%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized
 

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q3 FY26
Revenue 20.71B
Earnings 1.84B
Profit Margin 8.91%

Q4

FY25

Q1

FY26

Q2

FY26

Q3

FY26

0
5B
10B
15B
20B
7.0%
7.5%
8.0%
8.5%
9.0%
 

Analyst Insights

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Top Analyst

Citigroup
59/100
Latest Rating
Buy
 

Analyst Price Targets

498.00 Low
652.57 Average
636.95 Current
835.00 High
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Latest Rating

Date 10/26/2026
Analyst JP Morgan
Rating Action Maintains
Rating Neutral
Price Action Raises
Price Target 620 -> 665
 

Statistics

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Valuation Measures

Annual
As of 10/30/2026
  • Market Cap

    147.14B

  • Enterprise Value

    161.68B

  • Trailing P/E

    22.62

  • Forward P/E

    19.30

  • PEG Ratio (current)

    4.23

  • Price/Sales (ttm)

    1.86

  • Price/Book (mrq)

    14.61

  • Enterprise Value/Revenue

    2.04

  • Enterprise Value/EBITDA

    15.50

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    8.23%

  • Return on Assets (ttm)

    8.58%

  • Return on Equity (ttm)

    80.19%

  • Revenue (ttm)

    79.12B

  • Net Income Avi to Common (ttm)

    6.51B

  • Diluted EPS (ttm)

    28.16

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    5.96B

  • Total Debt/Equity (mrq)

    203.70%

  • Levered Free Cash Flow (ttm)

    5.65B

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Company Insights

Fair Value

636.95 Current
 

Dividend Score

0 Low
Sector Avg.
100 High
 

Hiring Score

0 Low
Sector Avg.
100 High
 

Insider Sentiment Score

0 Low
Sector Avg.
100 High
 

Research Reports

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  • Strong demand and product innovations fuel growth

    Lockheed Martin provides advanced technology systems, products, and services to the U.S. government and international defense customers. The company is organized into four businesses: Aeronautics, Missiles and Fire Control, Rotary & Mission Systems, and Space Systems. The shares are a component of the S&P 500. Headquartered in Maryland, the company has about 122,000 employees.

     
  • The major indices were under pressure on Thursday, with all

    The major indices were under pressure on Thursday, with all but the small-cap-oriented Russell 2000 lower. The Nasdaq led the way down, off 1.38% as high-profile names in Techland more often than not reported earnings or offered outlooks (or both) that raised concerns. Meanwhile, crude oil remains at about $103 per barrel and the midterm elections are right around the corner. All in all, uncertainty is the order of the day at the moment.

     
  • Lockheed Martin Earnings: New Long-Term Contracts Increase Confidence; Shares Around 13% Undervalued

    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. 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, 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.

     
  • Lockheed Martin Earnings: New Long-Term Contracts Increase Confidence; Shares Around 13% Undervalued

    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. 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, 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.

     

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