Stocks · Industrials · Aerospace & Defense
Lockheed Martin Corporation LMT
$505.41 -0.02% Close, Oct 2, 2026 · NYSE · Market cap $116.64B
Strong growthInexpensive vs sectorLow risk
Next earnings report: Oct 22, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $27.13, up 52.8% year over year.
- The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
- Revenue over the last four quarters was $77.02B, up 7.2% from a year earlier, accelerating from 4.6% a quarter earlier.
PromtFinance scores
Each score is a percentile within the Industrials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth80Strong
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 48%
- EPS growth (TTM, YoY)Top 20%
- FCF growth (TTM, YoY)Top 11%
- Revenue growth, 3-year CAGRBottom 49%
- Revenue growth accelerationTop 38%
Quality75Positive
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 6%
- Gross marginBottom 13%
- Operating marginTop 30%
- Cash conversion (OCF / net income)Top 43%
- Accruals (lower is better)Top 29%
- Net debt / EBITDA (lower is better)Top 44%
- Interest coverTop 29%
Value85Strong
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 16%
- Free-cash-flow yieldTop 17%
- EBITDA / enterprise valueTop 35%
- Sales / enterprise valueTop 41%
- P/E vs own 5-year history (lower is better)Top 32%
Momentum32Weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 47%
- 6-month returnBottom 21%
- 1-year return vs S&P 500Bottom 45%
- Distance from 52-week highBottom 46%
- Trend checklist (0–4)Bottom 15%
Revisions35Weak
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 32%
- Consecutive EPS beatsBottom 39%
- Share of analysts rating BuyTop 48%
- Upside to consensus price targetBottom 45%
Stability91Exceptional
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 24%
- Maximum drawdown, 3 yearsTop 18%
- Beta vs S&P 500 (lower is better)Top 4%
- Net debt / EBITDA (lower is better)Top 44%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 4.6% | 7.2% | ↑ |
| EPS growth (YoY) | -10.8% | 52.8% | ↑ |
| Gross margin | 8.2% | 11.8% | ↑ |
| Operating margin | 8.3% | 11.9% | ↑ |
| FCF margin | 4.6% | 11.3% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 7.2% | 4.6% | ↑ | Bottom 48% |
| EPS growth (TTM, YoY) | 52.8% | -10.8% | ↑ | Top 20% |
| Gross margin | 11.8% | 8.2% | ↑ | Bottom 13% |
| Operating margin | 11.9% | 8.3% | ↑ | Top 30% |
| Net margin | 8.2% | 5.9% | ↑ | — |
| Free-cash-flow margin | 11.3% | 4.6% | ↑ | — |
| Return on invested capital | 20.1% | — | Top 6% | |
| Revenue growth, 3-year CAGR | 4.4% | — | Bottom 49% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.65×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -6.6%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.4%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -88.8 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 1.70×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 8.2×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 2.72%
- Net buyback yield (TTM)
- 1.50%
- Shareholder yield
- 4.22%
- Share count change, 1 year
- -1.4%
- Share count change, 3-year CAGR
- -3.0%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 28, 2026 (filed Jul 23, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 4 of 8
- Average EPS surprise, last 4
- -0.9%
- Average 2-day reaction, last 8
- -2.3%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $644.86
- Target vs current price
- +27.6%
- Analysts with a rating
- 37
- Share rating Buy or Strong Buy
- 59%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 23, 2026 | +10.0% | +10.5% | +10.7% | +14.5% | — |
| Apr 23, 2026 | -4.5% | -4.6% | -8.2% | -5.9% | -8.3% |
| Jan 29, 2026 | -18.0% | +4.2% | +0.9% | +7.4% | -14.0% |
| Oct 21, 2025 | +8.9% | -3.2% | -3.8% | -6.9% | +14.2% |
| Jul 22, 2025 | -77.6% | -10.8% | -8.5% | -4.3% | +9.7% |
| Apr 22, 2025 | +14.8% | +0.8% | +3.9% | +3.2% | +2.4% |
| Jan 28, 2025 | -66.4% | -9.2% | -9.6% | -11.0% | -8.0% |
| Oct 22, 2024 | +4.6% | -6.1% | -9.7% | -13.6% | -20.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 23, 2026 | $7.94 | $7.22 | +10.0% | $20.06B |
| Apr 23, 2026 | $6.44 | $6.74 | -4.5% | $18.02B |
| Jan 29, 2026 | $5.80 | $7.07 | -18.0% | $20.32B |
| Oct 21, 2025 | $6.95 | $6.38 | +8.9% | $18.61B |
| Jul 22, 2025 | $1.46 | $6.52 | -77.6% | $18.16B |
| Apr 22, 2025 | $7.28 | $6.34 | +14.8% | $17.96B |
| Jan 28, 2025 | $2.22 | $6.61 | -66.4% | $18.62B |
| Oct 22, 2024 | $6.80 | $6.50 | +4.6% | $17.10B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 18.6× | 20.1× | 38th | Top 16% |
| P/E (forward) | 16.6× | — | — | — |
| EV / EBITDA | 13.5× | — | — | Top 35% |
| EV / Sales | 1.73× | — | — | Top 41% |
| Free-cash-flow yield | 7.48% | — | — | Top 17% |
| Earnings yield | 5.37% | — | — | Top 16% |
P/E over the past five years
Range 14.4× – 29.0× since Jun 27, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +1.3%
- Earnings per share growth (TTM)
- +52.8%
- Change in P/E multiple
- -9.4%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- +0.3%
- 200-day average slope (20 days)
- +1.1%
- Distance from 50-day average
- -9.1%
- Distance from 200-day average
- -10.2%
- RSI (14)
- 30.8
- Relative volume
- 0.88×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 30.5%
- Volatility vs own 5-year history
- 86th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.30
- Correlation with S&P 500
- 0.16
- Current drawdown from 1-year high
- -25.3%
- Maximum drawdown, 3 years
- -33.2%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Oct 21, 2024 | Jul 22, 2025 | -33.2% | 186 days | 132 days (Jan 29, 2026) |
| Mar 2, 2026 | Jun 24, 2026 | -27.4% | 79 days | Not yet recovered |
| Apr 18, 2023 | Oct 5, 2023 | -20.8% | 118 days | 200 days (Jul 24, 2024) |
| Apr 13, 2022 | Sep 30, 2022 | -17.7% | 117 days | 19 days (Oct 27, 2022) |
| Oct 14, 2020 | Jan 29, 2021 | -17.6% | 73 days | 53 days (Apr 16, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $116.64B
- P/E (TTM)
- 18.6
- EPS, diluted (TTM)
- $27.13
- Revenue (TTM)
- $77.02B
- Dividend yield
- 2.73%
- 52-week range
- $437.25 – $692.00
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $67.04B | $65.98B | $67.57B | $71.04B | $75.06B |
| Gross profit | $9.06B | $8.29B | $8.48B | $6.93B | $7.62B |
| Operating income | $9.12B | $8.35B | $8.51B | $7.01B | $7.73B |
| Net income | $6.32B | $5.73B | $6.92B | $5.34B | $5.02B |
| EPS (diluted) | $22.77 | $21.66 | $27.55 | $22.31 | $21.49 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $17.10B | $18.62B | $17.96B | $18.16B | $18.61B | $20.33B | $18.02B | $20.06B |
| Net income | $1.62B | $527.0M | $1.71B | $342.0M | $1.62B | $1.34B | $1.49B | $1.84B |
| EPS (diluted) | $6.80 | $2.22 | $7.28 | $1.46 | $6.95 | $5.80 | $6.44 | $7.94 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $9.22B | $7.80B | $7.92B | $6.97B | $8.56B |
| Capital expenditure | -$1.52B | -$1.67B | -$1.69B | -$1.69B | -$1.65B |
| Free cash flow | $7.70B | $6.13B | $6.23B | $5.29B | $6.91B |
| Dividends paid | -$2.94B | -$3.02B | -$3.06B | -$3.06B | -$3.13B |
| Net share buybacks | -$4.09B | -$7.90B | -$6.00B | -$3.70B | -$3.00B |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $3.79B
- Total assets
- $62.45B
- Total liabilities
- $53.68B
- Total debt
- $20.54B
- Net debt
- $16.75B
- Shareholders’ equity
- $8.77B
As of Jun 28, 2026 (filed Jul 23, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 1, 2026 | $3.45 | Sep 25, 2026 |
| Jun 1, 2026 | $3.45 | Jun 26, 2026 |
| Mar 2, 2026 | $3.45 | Mar 27, 2026 |
| Dec 1, 2025 | $3.45 | Dec 30, 2025 |
| Sep 2, 2025 | $3.30 | Sep 26, 2025 |
| Jun 2, 2025 | $3.30 | Jun 27, 2025 |
| Mar 3, 2025 | $3.30 | Mar 28, 2025 |
| Dec 2, 2024 | $3.30 | Dec 27, 2024 |
Short interest
- Shares sold short
- 2,411,801
- Days to cover
- 2.14
- Change vs previous report
- -10.4%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jan 4, 1999
- 2-for-1
- Mar 16, 1995
- 163-for-100
- Sep 9, 1983
- 3-for-1