Inside the research
Lockheed Martin Corporation
LMT Research profile · latest available data
Price overview
$519.56
▼ -4.14 (-0.8%)
| 52w hi | $668.17 |
|---|---|
| 52w lo | $431.38 |
| Vol | 1.13M |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.00
| Short | +0.07 |
|---|---|
| Medium | -0.10 |
| Long | +0.08 |
computed 2026-09-27
Key fundamentals
Lockheed Martin Corporation
Industrials · Aerospace & Defense
| Market cap | $119.91B |
|---|---|
| Enterprise value | $136.66B |
| Trailing P/E | 19.16x |
| Forward P/E | 15.86x |
| EV / EBITDA | 14.12x |
| P / S (ttm) | 1.56x |
| Profit margin | 8.2% |
| Return on equity | 89.2% |
| Revenue growth | +10.5% |
| Earnings growth | +443.8% |
| Debt / equity | 234.24 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.33 | |
| Sector | -0.07 | |
| Technical | -0.00 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
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.
Risk Metrics
| Beta vs SPX | 0.16 |
|---|---|
| Corr SPX | 0.10 |
| Annual vol | 27.6% |
| Annual ret | -1.0% |
| Sharpe | -0.04 |
| Max DD | -33.2% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $637.60 |
|---|---|
| High / Low | $756.00 / $511.00 |
| Median | $645.00 |
| Analysts | 20 |
| Strong Buy | 2 | |
|---|---|---|
| Buy | 5 | |
| Hold | 14 | |
| Sell | 1 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-04-24 | Susquehanna | → Positive |
| 2026-04-24 | RBC Capital | → Sector Perform |
| 2026-04-24 | Morgan Stanley | → Equal-Weight |
| 2026-04-07 | Jefferies | → Hold |
| 2026-04-02 | Citigroup | → Neutral |
| 2026-04-01 | Wells Fargo | → Equal-Weight |
Officers & Board
| Director | Vincent R. Stewart since 2022 |
|---|---|
| Director | John Donovan since 2021 |
| Director | Patricia Yarrington since 2021 |
| CEO | James D. Taiclet since 2020 |
| Director | Joseph F. Dunford, Jr. since 2020 |
| Director | Debra Reed since 2019 |
| Director | Vicki Hollub since 2018 |
| Director | James D. Taiclet since 2018 |
| Director | Jeh C. Johnson since 2018 |
| Director | Ilene S. Gordon since 2016 |
| Director | Bruce A. Carlson since 2015 |
| Director | Daniel Akerson since 2014 |
| Director | Thomas J. Falk since 2010 |
| Director | David Burritt since 2008 |
| Director | James Oren Ellis, Jr. since 2004 |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-23 | Earnings Release, Exhibits | read |
| 2026-05-13 | Shareholder Vote | read |
| 2026-04-23 | Earnings Release, Exhibits | read |
| 2026-01-29 | Earnings Release, Exhibits | read |
| 2025-12-18 | Other Material Event | read |
| 2025-12-09 | Material Agreement, Exhibits | read |
| 2025-10-21 | Earnings Release, Exhibits | read |
| 2025-08-29 | Material Agreement, Exhibits | read |
| 2025-07-28 | Other Material Event, Exhibits | read |
| 2025-07-22 | Earnings Release, Exhibits | read |
| 2025-05-09 | Shareholder Vote | read |
| 2025-04-22 | Earnings Release, Exhibits | read |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 10 |
| Top-5 share | 98.7% |
| HHI | 6,930 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $16.80B | 32.98M |
| Citadel Advisors | $979.30M | 1.92M |
| Fidelity / FMR LLC | $849.66M | 1.67M |
| AQR Capital Management | $701.49M | 1.38M |
| Capital Research / Capital World | $671.79M | 1.32M |
| Renaissance Technologies | $152.08M | 298.52K |
| Millennium Management | $92.59M | 181.74K |
| Bridgewater Associates | $19.72M | 38.72K |
| Ark Invest | $7.54M | 14.81K |
| T. Rowe Price Group | $154.07K | 302.43K |
As of 2026-06-30
Connections
Dividends
| Yield (TTM) | 1.33% |
|---|---|
| $ / share (TTM) | $6.90 |
| 5y CAGR | +6.4% |
Annual dividend per share
| 2021 | $10.60 |
|---|---|
| 2022 | $11.40 |
| 2023 | $12.15 |
| 2024 | $12.75 |
| 2025 | $13.35 |
| 2026 | $3.45 |
Federal Contracts
| Amount | Agency | Description |
|---|---|---|
| $48.07B | Department of Energy | — |
| $35.14B | Department of Defense | LRIP LOT 12 ADVANCE ACQUISITION CONTRACT |
| $34.17B | Department of Defense | 200204!008532!1700!AF600 !NAVAL AIR SYSTEMS COMMAND !N0001902C3002 !A!N! |
| $30.12B | Department of Defense | THE PURPOSE OF THIS MODIFICATION IS TO AWARD F-35A LRIP 15 USAF AIRCRAFT* LONG |
| $24.50B | Department of Defense | THE PURPOSE OF THIS CONTRACT IS TO AWARD LONG LEAD FUNDING FOR F-35A, F-35B, AND |
| $20.65B | Department of Energy | MANAGEMENT AND OPERATION OF Y-12 PLANT AND OTHER PROGRAMS |
| $15.53B | National Aeronautics and Space Administration | TAS::80 0124::TAS DESIGN, DEVELOPMENT, TEST&EVALUATION OF PROJECT ORION |
| $12.27B | Department of Defense | LRIP 11 AAC |
SEC Filings
The Long Run
FY 2009–2025 · 17 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $75.05B | +3.7% | |
| Gross profit | $6.93B | +2.5% | |
| Operating income | $8.51B | +4.1% | |
| Net income | $5.02B | +3.2% | |
| Cash from ops | $8.56B | +4.5% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $524.12 | $528.00 | $516.49 | $519.56 | 1.13M |
| Sep 24 | $523.76 | $531.00 | $523.32 | $523.70 | 833.10K |
| Sep 23 | $524.57 | $534.93 | $523.21 | $524.68 | 1.13M |
| Sep 22 | $536.87 | $537.00 | $515.60 | $522.34 | 1.43M |
| Sep 21 | $532.30 | $537.82 | $530.01 | $535.40 | 965.90K |
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