Symbols / LMT $636.33 -1.37%
LMT Chart
About
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 supports 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 serves 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.
Fundamentals
Scroll to Statements| Sector | Industrials | Industry | Aerospace & Defense | Market Cap | 147.25B |
| Enterprise Value | 167.10B | Income | 5.02B | Sales | 75.05B |
| Book/sh | 29.35 | Cash/sh | 17.91 | Dividend Yield | 209.00% |
| Payout | 62.12% | Employees | 123000 | IPO | — |
| P/E | 29.61 | Forward P/E | 19.91 | PEG | — |
| P/S | 1.96 | P/B | 21.68 | P/C | — |
| EV/EBITDA | 20.17 | EV/Sales | 2.23 | Quick Ratio | 0.90 |
| Current Ratio | 1.09 | Debt/Eq | 338.80 | LT Debt/Eq | — |
| EPS (ttm) | 21.49 | EPS next Y | 31.97 | EPS Growth | 161.00% |
| Revenue Growth | 9.10% | Earnings | 2026-04-21 | ROA | 7.57% |
| ROE | 76.87% | ROIC | — | Gross Margin | 10.24% |
| Oper. Margin | 9.01% | Profit Margin | 6.69% | Shs Outstand | 230.08M |
| Shs Float | 196.03M | Short Float | 1.42% | Short Ratio | 1.61 |
| Short Interest | — | 52W High | 692.00 | 52W Low | 410.11 |
| Beta | 0.20 | Avg Volume | 1.78M | Volume | 1.39M |
| Target Price | $657.58 | Recom | Hold | Prev Close | $645.20 |
| Price | $636.33 | Change | -1.37% |
Valuation Models
Price estimates from analyst targets and simple models.
Ratings
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-02-05 | main | Citigroup | Neutral → Neutral | $673 |
| 2026-02-02 | main | UBS | Neutral → Neutral | $663 |
| 2026-02-02 | main | Jefferies | Hold → Hold | $630 |
| 2026-02-02 | main | Goldman Sachs | Sell → Sell | $517 |
| 2026-01-30 | main | TD Cowen | Hold → Hold | $670 |
| 2026-01-30 | main | RBC Capital | Sector Perform → Sector Perform | $650 |
| 2026-01-15 | main | UBS | Neutral → Neutral | $580 |
| 2026-01-13 | main | Citigroup | Neutral → Neutral | $592 |
| 2026-01-12 | main | Jefferies | Hold → Hold | $540 |
| 2026-01-09 | up | Truist Securities | Hold → Buy | $605 |
| 2025-12-19 | down | JP Morgan | Overweight → Neutral | $515 |
| 2025-12-16 | down | Morgan Stanley | Overweight → Equal-Weight | $543 |
| 2025-12-12 | init | Citigroup | — → Neutral | $505 |
| 2025-10-22 | main | UBS | Neutral → Neutral | $513 |
| 2025-10-20 | main | Bernstein | Market Perform → Market Perform | $545 |
| 2025-10-15 | main | Truist Securities | Hold → Hold | $500 |
| 2025-10-15 | main | Morgan Stanley | Overweight → Overweight | $630 |
| 2025-10-09 | main | Susquehanna | Positive → Positive | $590 |
| 2025-10-06 | main | Baird | Outperform → Outperform | $550 |
| 2025-08-21 | main | B of A Securities | Neutral → Neutral | $480 |
News
RSS: Latest LMT news- Lockheed Martin stock rises as outlook beats earnings - qz.com ue, 17 Mar 2026 16
- Better Defense Stock: Lockheed Martin vs. RTX - The Motley Fool ue, 17 Mar 2026 19
- Lockheed Martin (NYSE:LMT) Shares Down 1.4% - Time to Sell? - MarketBeat ue, 17 Mar 2026 21
- War isn’t moving defense stocks the way you’d expect: WSJ (LMT:NYSE) - Seeking Alpha ue, 17 Mar 2026 12
- Better Defense Stock: Lockheed Martin vs. RTX - The Globe and Mail ue, 17 Mar 2026 18
- LMT SEC Filings - Lockheed Martin 10-K, 10-Q, 8-K Forms - Stock Titan ue, 17 Mar 2026 04
- $LMT stock is down 3% today. Here's what we see in our data. - Quiver Quantitative hu, 05 Mar 2026 08
- Comparing Defense Stocks: Lockheed Martin vs. RTX - Intellectia AI ue, 17 Mar 2026 19
- Lockheed Martin, RTX Land F-35 Contracts, U.S. To Quadruple Some Defense Production - Investor's Business Daily Fri, 06 Mar 2026 08
- Why Lockheed Martin Stock Jumped 40%? - Trefis Wed, 11 Mar 2026 16
- LMT Stock Surges 43.6% in 3 Month: Time to Hold or Book Profits? - Yahoo Finance Mon, 09 Mar 2026 07
- How Lockheed and Other Defense Stocks Stand to Gain—and Lose—From the U.S. Strikes on Iran - Barron's Mon, 02 Mar 2026 08
- Is LMT Expanding F-35 Capabilities to Strengthen Air Dominance? - Zacks Investment Research hu, 12 Mar 2026 14
- LRT Capital Management LLC Buys New Shares in Lockheed Martin Corporation $LMT - MarketBeat ue, 17 Mar 2026 10
- Why Lockheed Martin Stock Climbed Today - The Motley Fool hu, 29 Jan 2026 08
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 4620 | 3000551.0 | — | Sale at price 649.47 per share. | CAHILL TIMOTHY S | Officer | — | 2026-03-11 00:00:00 | D |
| 1 | 2840 | 1868947.0 | — | Sale at price 658.08 per share. | ULMER GREGORY M | Officer | — | 2026-02-27 00:00:00 | D |
| 2 | 5285 | nan | — | — | O'CONNOR KEVIN J | General Counsel | — | 2026-02-26 00:00:00 | D |
| 3 | 2410 | 1592149.0 | — | Sale at price 660.62 - 666.05 per share. | HILL STEPHANIE C | Officer | — | 2026-02-24 00:00:00 | D |
| 4 | 7842 | — | — | Stock Award(Grant) at price 0.00 per share. | TAICLET JAMES D JR | Chief Executive Officer | — | 2026-02-20 00:00:00 | D |
| 5 | 2059 | — | — | Stock Award(Grant) at price 0.00 per share. | HILL STEPHANIE C | Officer | — | 2026-02-20 00:00:00 | D |
| 6 | 3063 | — | — | Stock Award(Grant) at price 0.00 per share. | ST JOHN FRANK A | Chief Operating Officer | — | 2026-02-20 00:00:00 | D |
| 7 | 2059 | — | — | Stock Award(Grant) at price 0.00 per share. | ULMER GREGORY M | Officer | — | 2026-02-20 00:00:00 | D |
| 8 | 2059 | — | — | Stock Award(Grant) at price 0.00 per share. | LIGHTFOOT ROBERT M JR | Officer | — | 2026-02-20 00:00:00 | D |
| 9 | 209 | — | — | Stock Award(Grant) at price 0.00 per share. | PAUL HARRY EDWARD III | Officer | — | 2026-02-20 00:00:00 | D |
Financials
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 0.00 | 0.00 | 0.00 | 0.00 |
| TaxRateForCalcs | 0.15 | 0.14 | 0.14 | 0.14 |
| NormalizedEBITDA | 8.73B | 8.81B | 10.44B | 8.71B |
| NetIncomeFromContinuingOperationNetMinorityInterest | 5.02B | 5.34B | 6.92B | 5.73B |
| ReconciledDepreciation | 1.69B | 1.56B | 1.43B | 1.40B |
| ReconciledCostOfRevenue | 67.43B | 64.11B | 59.09B | 57.70B |
| EBITDA | 8.73B | 8.81B | 10.44B | 8.71B |
| EBIT | 7.04B | 7.26B | 9.01B | 7.30B |
| NetInterestIncome | -1.12B | -1.04B | -916.00M | -623.00M |
| InterestExpense | 1.12B | 1.04B | 916.00M | 623.00M |
| NormalizedIncome | 5.02B | 5.34B | 6.92B | 5.73B |
| NetIncomeFromContinuingAndDiscontinuedOperation | 5.02B | 5.34B | 6.92B | 5.73B |
| TotalExpenses | 67.32B | 64.03B | 59.06B | 57.64B |
| TotalOperatingIncomeAsReported | 7.73B | 7.01B | 8.51B | 8.35B |
| DilutedAverageShares | 233.50M | 239.20M | 251.20M | 264.60M |
| BasicAverageShares | 232.70M | 238.30M | 250.30M | 263.70M |
| DilutedEPS | 21.49 | 22.31 | 27.55 | 21.66 |
| BasicEPS | 21.56 | 22.39 | 27.65 | 21.74 |
| DilutedNIAvailtoComStockholders | 5.02B | 5.34B | 6.92B | 5.73B |
| NetIncomeCommonStockholders | 5.02B | 5.34B | 6.92B | 5.73B |
| NetIncome | 5.02B | 5.34B | 6.92B | 5.73B |
| NetIncomeIncludingNoncontrollingInterests | 5.02B | 5.34B | 6.92B | 5.73B |
| NetIncomeDiscontinuousOperations | 0.00 | 0.00 | ||
| NetIncomeContinuousOperations | 5.02B | 5.34B | 6.92B | 5.73B |
| TaxProvision | 905.00M | 884.00M | 1.18B | 948.00M |
| PretaxIncome | 5.92B | 6.22B | 8.10B | 6.68B |
| OtherIncomeExpense | -691.00M | 243.00M | 507.00M | -1.04B |
| OtherNonOperatingIncomeExpenses | -691.00M | 243.00M | 507.00M | -1.04B |
| NetNonOperatingInterestIncomeExpense | -1.12B | -1.04B | -916.00M | -623.00M |
| InterestExpenseNonOperating | 1.12B | 1.04B | 916.00M | 623.00M |
| OperatingIncome | 7.73B | 7.01B | 8.51B | 8.35B |
| OperatingExpense | -112.00M | -83.00M | -28.00M | -61.00M |
| OtherOperatingExpenses | -112.00M | -83.00M | -28.00M | -61.00M |
| GrossProfit | 7.62B | 6.93B | 8.48B | 8.29B |
| CostOfRevenue | 67.43B | 64.11B | 59.09B | 57.70B |
| TotalRevenue | 75.05B | 71.04B | 67.57B | 65.98B |
| OperatingRevenue | 75.05B | 71.04B | 67.57B | 65.98B |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|---|
| TreasurySharesNumber | 1.00M | 1.00M | 2.00M | |
| OrdinarySharesNumber | 229.00M | 234.00M | 240.00M | 254.00M |
| ShareIssued | 230.00M | 235.00M | 242.00M | 254.00M |
| NetDebt | 17.58B | 17.79B | 16.02B | 13.00B |
| TotalDebt | 21.70B | 20.27B | 17.46B | 15.55B |
| TangibleBookValue | -8.90B | -8.62B | -6.18B | -3.97B |
| InvestedCapital | 28.42B | 26.60B | 24.29B | 24.81B |
| WorkingCapital | 2.03B | 2.43B | 3.58B | 5.10B |
| NetTangibleAssets | -8.90B | -8.62B | -6.18B | -3.97B |
| CommonStockEquity | 6.72B | 6.33B | 6.83B | 9.27B |
| TotalCapitalization | 27.25B | 25.96B | 24.13B | 24.70B |
| TotalEquityGrossMinorityInterest | 6.72B | 6.33B | 6.83B | 9.27B |
| MinorityInterest | 0.00 | |||
| StockholdersEquity | 6.72B | 6.33B | 6.83B | 9.27B |
| GainsLossesNotAffectingRetainedEarnings | -7.54B | -8.45B | -8.80B | -8.02B |
| OtherEquityAdjustments | -7.54B | -8.45B | -8.80B | -8.02B |
| RetainedEarnings | 14.03B | 14.55B | 15.40B | 16.94B |
| AdditionalPaidInCapital | 0.00 | 0.00 | 0.00 | 92.00M |
| CapitalStock | 229.00M | 234.00M | 240.00M | 254.00M |
| CommonStock | 229.00M | 234.00M | 240.00M | 254.00M |
| TotalLiabilitiesNetMinorityInterest | 53.12B | 49.28B | 45.62B | 43.61B |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 29.78B | 29.86B | 28.68B | 27.73B |
| OtherNonCurrentLiabilities | 5.34B | 5.45B | 5.23B | 6.83B |
| EmployeeBenefits | 3.92B | 4.79B | 6.16B | 5.47B |
| NonCurrentPensionAndOtherPostretirementBenefitPlans | 3.92B | 4.79B | 6.16B | 5.47B |
| LongTermDebtAndCapitalLeaseObligation | 20.53B | 19.63B | 17.29B | 15.43B |
| LongTermDebt | 20.53B | 19.63B | 17.29B | 15.43B |
| CurrentLiabilities | 23.34B | 19.42B | 16.94B | 15.89B |
| OtherCurrentLiabilities | 3.91B | 3.63B | 2.13B | 2.09B |
| CurrentDeferredLiabilities | 11.44B | 9.79B | 9.19B | 8.49B |
| CurrentDeferredRevenue | 11.44B | 9.79B | 9.19B | 8.49B |
| CurrentDebtAndCapitalLeaseObligation | 1.17B | 643.00M | 168.00M | 118.00M |
| CurrentDebt | 1.17B | 643.00M | 168.00M | 118.00M |
| OtherCurrentBorrowings | 1.17B | 643.00M | 168.00M | 118.00M |
| PayablesAndAccruedExpenses | 6.81B | 5.35B | 5.45B | 5.19B |
| CurrentAccruedExpenses | 3.18B | 3.12B | 3.13B | 3.08B |
| Payables | 3.63B | 2.22B | 2.31B | 2.12B |
| TotalTaxPayable | 3.11B | |||
| AccountsPayable | 3.63B | 2.22B | 2.31B | 2.12B |
| TotalAssets | 59.84B | 55.62B | 52.46B | 52.88B |
| TotalNonCurrentAssets | 34.48B | 33.77B | 31.93B | 31.89B |
| OtherNonCurrentAssets | 7.01B | 6.54B | 7.60B | 6.93B |
| NonCurrentDeferredAssets | 2.98B | 3.56B | 2.95B | 3.74B |
| NonCurrentDeferredTaxesAssets | 2.98B | 3.56B | 2.95B | 3.74B |
| GoodwillAndOtherIntangibleAssets | 15.62B | 14.95B | 13.01B | 13.24B |
| OtherIntangibleAssets | 4.30B | 3.88B | 2.21B | 2.46B |
| Goodwill | 11.31B | 11.07B | 10.80B | 10.78B |
| NetPPE | 8.88B | 8.73B | 8.37B | 7.97B |
| AccumulatedDepreciation | -14.23B | -13.49B | -12.81B | -12.16B |
| GrossPPE | 23.10B | 22.22B | 21.18B | 20.14B |
| ConstructionInProgress | 1.81B | 2.05B | 2.08B | 2.04B |
| MachineryFurnitureEquipment | 10.94B | 10.40B | 9.91B | 9.40B |
| BuildingsAndImprovements | 10.21B | 9.62B | 9.05B | 8.55B |
| LandAndImprovements | 147.00M | 143.00M | 144.00M | 147.00M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 25.36B | 21.85B | 20.52B | 20.99B |
| OtherCurrentAssets | 815.00M | 584.00M | 632.00M | 533.00M |
| Inventory | 3.52B | 3.47B | 3.13B | 3.09B |
| FinishedGoods | 198.00M | 196.00M | 188.00M | 192.00M |
| WorkInProcess | 2.67B | 2.62B | 2.34B | 2.30B |
| RawMaterials | 659.00M | 661.00M | 606.00M | 599.00M |
| Receivables | 16.90B | 15.31B | 15.31B | 14.82B |
| OtherReceivables | 13.00B | 12.96B | 13.18B | 12.32B |
| AccountsReceivable | 3.90B | 2.35B | 2.13B | 2.50B |
| CashCashEquivalentsAndShortTermInvestments | 4.12B | 2.48B | 1.44B | 2.55B |
| CashAndCashEquivalents | 4.12B | 2.48B | 1.44B | 2.55B |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| FreeCashFlow | 6.91B | 5.29B | 6.23B | 6.13B |
| RepurchaseOfCapitalStock | -3.00B | -3.70B | -6.00B | -7.90B |
| RepaymentOfDebt | -642.00M | -168.00M | -115.00M | -2.25B |
| IssuanceOfDebt | 1.99B | 2.97B | 1.98B | 6.21B |
| CapitalExpenditure | -1.65B | -1.69B | -1.69B | -1.67B |
| EndCashPosition | 4.12B | 2.48B | 1.44B | 2.55B |
| BeginningCashPosition | 2.48B | 1.44B | 2.55B | 3.60B |
| ChangesInCash | 1.64B | 1.04B | -1.10B | -1.06B |
| FinancingCashFlow | -4.94B | -4.14B | -7.33B | -7.07B |
| CashFlowFromContinuingFinancingActivities | -4.94B | -4.14B | -7.33B | -7.07B |
| NetOtherFinancingCharges | -154.00M | -182.00M | -135.00M | -115.00M |
| CashDividendsPaid | -3.13B | -3.06B | -3.06B | -3.02B |
| NetCommonStockIssuance | -3.00B | -3.70B | -6.00B | -7.90B |
| CommonStockPayments | -3.00B | -3.70B | -6.00B | -7.90B |
| NetIssuancePaymentsOfDebt | 1.34B | 2.80B | 1.86B | 3.96B |
| NetShortTermDebtIssuance | 0.00 | |||
| ShortTermDebtPayments | 0.00 | |||
| NetLongTermDebtIssuance | 1.34B | 2.80B | 1.86B | 3.96B |
| LongTermDebtPayments | -642.00M | -168.00M | -115.00M | -2.25B |
| LongTermDebtIssuance | 1.99B | 2.97B | 1.98B | 6.21B |
| InvestingCashFlow | -1.98B | -1.79B | -1.69B | -1.79B |
| CashFlowFromContinuingInvestingActivities | -1.98B | -1.79B | -1.69B | -1.79B |
| NetOtherInvestingChanges | -328.00M | -107.00M | -3.00M | -119.00M |
| NetBusinessPurchaseAndSale | 0.00 | |||
| PurchaseOfBusiness | 0.00 | |||
| CapitalExpenditureReported | -1.65B | -1.69B | -1.69B | -1.67B |
| OperatingCashFlow | 8.56B | 6.97B | 7.92B | 7.80B |
| CashFlowFromContinuingOperatingActivities | 8.56B | 6.97B | 7.92B | 7.80B |
| ChangeInWorkingCapital | 186.00M | -163.00M | 184.00M | -585.00M |
| ChangeInOtherWorkingCapital | 1.22B | 605.00M | 702.00M | 381.00M |
| ChangeInPayablesAndAccruedExpense | 1.09B | 38.00M | 18.00M | 1.42B |
| ChangeInPayable | 1.09B | 38.00M | 18.00M | 1.42B |
| ChangeInAccountPayable | 1.34B | -93.00M | 151.00M | 1.27B |
| ChangeInTaxPayable | -255.00M | 131.00M | -133.00M | 148.00M |
| ChangeInIncomeTaxPayable | -255.00M | 131.00M | -133.00M | 148.00M |
| ChangeInInventory | -286.00M | -478.00M | -44.00M | -107.00M |
| ChangeInReceivables | -1.83B | -328.00M | -492.00M | -2.28B |
| ChangesInAccountReceivables | -1.55B | -219.00M | 373.00M | -542.00M |
| OtherNonCashItems | 446.00M | 464.00M | -473.00M | 200.00M |
| StockBasedCompensation | 304.00M | 277.00M | 265.00M | 238.00M |
| AssetImpairmentCharge | 66.00M | 87.00M | 92.00M | 100.00M |
| DeferredTax | 372.00M | -588.00M | -498.00M | -757.00M |
| DeferredIncomeTax | 372.00M | -588.00M | -498.00M | -757.00M |
| DepreciationAmortizationDepletion | 1.69B | 1.56B | 1.43B | 1.40B |
| DepreciationAndAmortization | 1.69B | 1.56B | 1.43B | 1.40B |
| AmortizationCashFlow | 593.00M | 510.00M | 501.00M | 460.00M |
| AmortizationOfIntangibles | 593.00M | 510.00M | 501.00M | 460.00M |
| Depreciation | 967.00M | 920.00M | 903.00M | 904.00M |
| OperatingGainsLosses | 479.00M | 92.00M | 1.47B | 1.70B |
| PensionAndEmployeeBenefitExpense | 479.00M | 0.00 | 0.00 | 1.47B |
| GainLossOnSaleOfPPE | 0.00 | |||
| NetIncomeFromContinuingOperations | 5.02B | 5.34B | 6.92B | 5.73B |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for LMT
| Date | User | Broker | Pattern | Type | Position Size | Entry Price | Trade P&L | Status |
|---|