Symbols / LMT Stock $517.97 +1.60% Lockheed Martin Corporation

Industrials • Aerospace & Defense • United States • NYQ
LMT (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Industrials
Industry Aerospace & Defense
CEO Mr. James D. Taiclet Jr.
Exch · Country NYQ · United States
Market Cap 119.43B
Enterprise Value 138.23B
Income 4.79B
Sales 75.11B
FCF (ttm) 3.99B
Book/sh 32.56
Cash/sh 8.21
Employees 123,000
Insider 10d —
IPO —
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 65.38%
P/E 25.06
Forward P/E 16.14
PEG 1.08
P/S 1.59
P/B 15.91
P/C —
EV/EBITDA 17.29
EV/Sales 1.84
Quick Ratio 0.91
Current Ratio 1.14
Debt/Eq 276.37
LT Debt/Eq —
EPS (ttm) 20.67
EPS next Y 32.10
EPS Growth -11.50%
Revenue Growth 0.30%
EPS Gr Q/Q -13.10%
Rev Gr Q/Q —
Earnings (next) 2026-07-21
Earnings (prior) 2026-04-23
ROA 7.23%
ROE 67.64%
ROIC —
Gross Margin 9.91%
Oper. Margin 11.00%
Profit Margin 6.38%
Shs Outstand 230.56M
Shs Float 196.52M
Insider Own 0.09%
Instit Own 74.93%
Short Float 1.29%
Short Ratio 1.81
Short Interest 2.50M
52W High 692.00
vs 52W High -25.15%
52W Low 410.11
vs 52W Low 26.30%
Beta 0.24
Impl. Vol. 0.39%
Rel Volume 0.72
Avg Volume 1.62M
Volume 1.16M
Target (mean) $641.35
Tgt Median $651.50
Tgt Low $511.00
Tgt High $756.00
# Analysts 20
Recom Hold
Prev Close $509.81
Price $517.97
Change 1.60%
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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$641.35
Mean price target
2. Current target
$517.97
Latest analyst target
3. DCF / Fair value
$311.27
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$517.97
Low
$511.00
High
$756.00
Mean
$641.35

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-24 main Morgan Stanley Equal-Weight → Equal-Weight $653
2026-04-24 main RBC Capital Sector Perform → Sector Perform $575
2026-04-24 main Susquehanna Positive → Positive $700
2026-04-07 main Jefferies Hold → Hold $640
2026-04-02 main Citigroup Neutral → Neutral $675
2026-04-01 init Wells Fargo — → Equal-Weight $650
2026-03-18 main Susquehanna Positive → Positive $740
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
News
RSS: Latest LMT news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-01 HOLLUB VICKI A. Director — 415 — —
2026-03-11 CAHILL TIMOTHY S Officer — 4,620 $649.47 $3,000,551
2026-02-27 ULMER GREGORY M Officer — 2,840 $658.08 $1,868,947
2026-02-26 O'CONNOR KEVIN J General Counsel — 5,285 — —
2026-02-24 HILL STEPHANIE C Officer — 2,410 $660.62 $1,592,149
2026-02-20 PAUL HARRY EDWARD III Officer — 886 — —
2026-02-20 SCOTT EVAN T. Chief Financial Officer — 209 $0.00 $0
2026-02-20 SCOTT EVAN T. Chief Financial Officer — 886 — —
2026-02-20 CAHILL TIMOTHY S Officer — 2,059 $0.00 $0
2026-02-20 CAHILL TIMOTHY S Officer — 2,533 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
75,048.00
+5.64%
71,043.00
+5.14%
67,571.00
+2.41%
65,984.00
Operating Revenue
75,048.00
+5.64%
71,043.00
+5.14%
67,571.00
+2.41%
65,984.00
Cost Of Revenue
67,429.00
+5.17%
64,113.00
+8.50%
59,092.00
+2.42%
57,697.00
Reconciled Cost Of Revenue
67,429.00
+5.17%
64,113.00
+8.50%
59,092.00
+2.42%
57,697.00
Gross Profit
7,619.00
+9.94%
6,930.00
-18.27%
8,479.00
+2.32%
8,287.00
Operating Expense
-112.00
-34.94%
-83.00
-196.43%
-28.00
+54.10%
-61.00
Other Operating Expenses
-112.00
-34.94%
-83.00
-196.43%
-28.00
+54.10%
-61.00
Total Expenses
67,317.00
+5.13%
64,030.00
+8.41%
59,064.00
+2.48%
57,636.00
Operating Income
7,731.00
+10.24%
7,013.00
-17.56%
8,507.00
+1.90%
8,348.00
Total Operating Income As Reported
7,731.00
+10.24%
7,013.00
-17.56%
8,507.00
+1.90%
8,348.00
EBITDA
8,727.00
-1.00%
8,815.00
-15.60%
10,444.00
+19.95%
8,707.00
Normalized EBITDA
8,727.00
-1.00%
8,815.00
-15.60%
10,444.00
+19.95%
8,707.00
Reconciled Depreciation
1,687.00
+8.21%
1,559.00
+9.02%
1,430.00
+1.85%
1,404.00
EBIT
7,040.00
-2.98%
7,256.00
-19.50%
9,014.00
+23.43%
7,303.00
Net Income
5,017.00
-5.98%
5,336.00
-22.89%
6,920.00
+20.73%
5,732.00
Pretax Income
5,922.00
-4.79%
6,220.00
-23.19%
8,098.00
+21.23%
6,680.00
Net Non Operating Interest Income Expense
-1,118.00
-7.92%
-1,036.00
-13.10%
-916.00
-47.03%
-623.00
Interest Expense Non Operating
1,118.00
+7.92%
1,036.00
+13.10%
916.00
+47.03%
623.00
Net Interest Income
-1,118.00
-7.92%
-1,036.00
-13.10%
-916.00
-47.03%
-623.00
Interest Expense
1,118.00
+7.92%
1,036.00
+13.10%
916.00
+47.03%
623.00
Other Income Expense
-691.00
-384.36%
243.00
-52.07%
507.00
+148.52%
-1,045.00
Other Non Operating Income Expenses
-691.00
-384.36%
243.00
-52.07%
507.00
+148.52%
-1,045.00
Tax Provision
905.00
+2.38%
884.00
-24.96%
1,178.00
+24.26%
948.00
Tax Rate For Calcs
0.00
+7.53%
0.00
-1.98%
0.00
+2.17%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
5,017.00
-5.98%
5,336.00
-22.89%
6,920.00
+20.73%
5,732.00
Net Income From Continuing Operation Net Minority Interest
5,017.00
-5.98%
5,336.00
-22.89%
6,920.00
+20.73%
5,732.00
Net Income From Continuing And Discontinued Operation
5,017.00
-5.98%
5,336.00
-22.89%
6,920.00
+20.73%
5,732.00
Net Income Continuous Operations
5,017.00
-5.98%
5,336.00
-22.89%
6,920.00
+20.73%
5,732.00
Net Income Discontinuous Operations
—
—
—
0.00
Normalized Income
5,017.00
-5.98%
5,336.00
-22.89%
6,920.00
+20.73%
5,732.00
Net Income Common Stockholders
5,017.00
-5.98%
5,336.00
-22.89%
6,920.00
+20.73%
5,732.00
Diluted EPS
21.49
-3.68%
22.31
-19.02%
27.55
+27.19%
21.66
Basic EPS
21.56
-3.71%
22.39
-19.02%
27.65
+27.18%
21.74
Basic Average Shares
232.70
-2.35%
238.30
-4.79%
250.30
-5.08%
263.70
Diluted Average Shares
233.50
-2.38%
239.20
-4.78%
251.20
-5.06%
264.60
Diluted NI Availto Com Stockholders
5,017.00
-5.98%
5,336.00
-22.89%
6,920.00
+20.73%
5,732.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Total Assets
59,840.00
+7.59%
55,617.00
+6.03%
52,456.00
Current Assets
25,362.00
+16.08%
21,849.00
+6.47%
20,521.00
Cash Cash Equivalents And Short Term Investments
4,121.00
+65.97%
2,483.00
+72.19%
1,442.00
Cash And Cash Equivalents
4,121.00
+65.97%
2,483.00
+72.19%
1,442.00
Receivables
16,902.00
+10.41%
15,308.00
-0.05%
15,315.00
Accounts Receivable
3,901.00
+65.93%
2,351.00
+10.27%
2,132.00
Other Receivables
13,001.00
+0.34%
12,957.00
-1.71%
13,183.00
Inventory
3,524.00
+1.44%
3,474.00
+10.92%
3,132.00
Raw Materials
659.00
-0.30%
661.00
+9.08%
606.00
Work In Process
2,667.00
+1.91%
2,617.00
+11.93%
2,338.00
Finished Goods
198.00
+1.02%
196.00
+4.26%
188.00
Other Current Assets
815.00
+39.55%
584.00
-7.59%
632.00
Total Non Current Assets
34,478.00
+2.10%
33,768.00
+5.74%
31,935.00
Net PPE
8,875.00
+1.71%
8,726.00
+4.25%
8,370.00
Gross PPE
23,103.00
+3.98%
22,219.00
+4.90%
21,182.00
Accumulated Depreciation
-14,228.00
-5.45%
-13,493.00
-5.32%
-12,812.00
Properties
0.00
0.00
0.00
Land And Improvements
147.00
+2.80%
143.00
-0.69%
144.00
Buildings And Improvements
10,209.00
+6.08%
9,624.00
+6.35%
9,049.00
Machinery Furniture Equipment
10,941.00
+5.21%
10,399.00
+4.96%
9,908.00
Construction In Progress
1,806.00
-12.03%
2,053.00
-1.35%
2,081.00
Goodwill And Other Intangible Assets
15,618.00
+4.48%
14,948.00
+14.89%
13,011.00
Goodwill
11,314.00
+2.23%
11,067.00
+2.48%
10,799.00
Other Intangible Assets
4,304.00
+10.90%
3,881.00
+75.45%
2,212.00
Non Current Deferred Assets
2,975.00
-16.36%
3,557.00
+20.45%
2,953.00
Non Current Deferred Taxes Assets
2,975.00
-16.36%
3,557.00
+20.45%
2,953.00
Other Non Current Assets
7,010.00
+7.24%
6,537.00
-14.00%
7,601.00
Total Liabilities Net Minority Interest
53,119.00
+7.78%
49,284.00
+8.03%
45,621.00
Current Liabilities
23,335.00
+20.16%
19,420.00
+14.66%
16,937.00
Payables And Accrued Expenses
6,814.00
+27.44%
5,347.00
-1.80%
5,445.00
Payables
3,630.00
+63.37%
2,222.00
-3.89%
2,312.00
Accounts Payable
3,630.00
+63.37%
2,222.00
-3.89%
2,312.00
Current Accrued Expenses
3,184.00
+1.89%
3,125.00
-0.26%
3,133.00
Employee Benefits
3,915.00
-18.28%
4,791.00
-22.25%
6,162.00
Total Tax Payable
—
—
—
Current Debt And Capital Lease Obligation
1,168.00
+81.65%
643.00
+282.74%
168.00
Current Debt
1,168.00
+81.65%
643.00
+282.74%
168.00
Other Current Borrowings
1,168.00
+81.65%
643.00
+282.74%
168.00
Current Deferred Liabilities
11,440.00
+16.79%
9,795.00
+6.58%
9,190.00
Current Deferred Revenue
11,440.00
+16.79%
9,795.00
+6.58%
9,190.00
Other Current Liabilities
3,913.00
+7.65%
3,635.00
+70.34%
2,134.00
Total Non Current Liabilities Net Minority Interest
29,784.00
-0.27%
29,864.00
+4.11%
28,684.00
Long Term Debt And Capital Lease Obligation
20,532.00
+4.61%
19,627.00
+13.51%
17,291.00
Long Term Debt
20,532.00
+4.61%
19,627.00
+13.51%
17,291.00
Non Current Pension And Other Postretirement Benefit Plans
3,915.00
-18.28%
4,791.00
-22.25%
6,162.00
Other Non Current Liabilities
5,337.00
-2.00%
5,446.00
+4.11%
5,231.00
Stockholders Equity
6,721.00
+6.13%
6,333.00
-7.34%
6,835.00
Common Stock Equity
6,721.00
+6.13%
6,333.00
-7.34%
6,835.00
Capital Stock
229.00
-2.14%
234.00
-2.50%
240.00
Common Stock
229.00
-2.14%
234.00
-2.50%
240.00
Share Issued
230.00
-2.13%
235.00
-2.89%
242.00
Ordinary Shares Number
229.00
-2.14%
234.00
-2.50%
240.00
Treasury Shares Number
1.00
+0.00%
1.00
-50.00%
2.00
Additional Paid In Capital
0.00
0.00
0.00
Retained Earnings
14,034.00
-3.55%
14,551.00
-5.50%
15,398.00
Gains Losses Not Affecting Retained Earnings
-7,542.00
+10.77%
-8,452.00
+3.99%
-8,803.00
Minority Interest
—
—
—
Other Equity Adjustments
-7,542.00
+10.77%
-8,452.00
+3.99%
-8,803.00
Total Equity Gross Minority Interest
6,721.00
+6.13%
6,333.00
-7.34%
6,835.00
Total Capitalization
27,253.00
+4.98%
25,960.00
+7.60%
24,126.00
Working Capital
2,027.00
-16.55%
2,429.00
-32.23%
3,584.00
Invested Capital
28,421.00
+6.83%
26,603.00
+9.50%
24,294.00
Total Debt
21,700.00
+7.05%
20,270.00
+16.10%
17,459.00
Net Debt
17,579.00
-1.17%
17,787.00
+11.05%
16,017.00
Net Tangible Assets
-8,897.00
-3.27%
-8,615.00
-39.49%
-6,176.00
Tangible Book Value
-8,897.00
-3.27%
-8,615.00
-39.49%
-6,176.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
8,557.00
+22.73%
6,972.00
-11.97%
7,920.00
+1.51%
7,802.00
Cash Flow From Continuing Operating Activities
8,557.00
+22.73%
6,972.00
-11.97%
7,920.00
+1.51%
7,802.00
Net Income From Continuing Operations
5,017.00
-5.98%
5,336.00
-22.89%
6,920.00
+20.73%
5,732.00
Depreciation Amortization Depletion
1,687.00
+8.21%
1,559.00
+9.02%
1,430.00
+1.85%
1,404.00
Depreciation
—
967.00
+5.11%
920.00
+1.88%
903.00
Amortization Cash Flow
—
593.00
+16.27%
510.00
+1.80%
501.00
Depreciation And Amortization
1,687.00
+8.21%
1,559.00
+9.02%
1,430.00
+1.85%
1,404.00
Amortization Of Intangibles
—
593.00
+16.27%
510.00
+1.80%
501.00
Other Non Cash Items
446.00
-3.88%
464.00
+198.10%
-473.00
-336.50%
200.00
Pension And Employee Benefit Expense
479.00
0.00
0.00
-100.00%
1,470.00
Stock Based Compensation
304.00
+9.75%
277.00
+4.53%
265.00
+11.34%
238.00
Asset Impairment Charge
66.00
-24.14%
87.00
-5.43%
92.00
-8.00%
100.00
Deferred Tax
372.00
+163.27%
-588.00
-18.07%
-498.00
+34.21%
-757.00
Deferred Income Tax
372.00
+163.27%
-588.00
-18.07%
-498.00
+34.21%
-757.00
Operating Gains Losses
479.00
—
92.00
-93.74%
1,470.00
Gain Loss On Sale Of PPE
—
—
—
—
Change In Working Capital
186.00
+214.11%
-163.00
-188.59%
184.00
+131.45%
-585.00
Change In Receivables
-1,833.00
-458.84%
-328.00
+33.33%
-492.00
+78.43%
-2,281.00
Changes In Account Receivables
-1,550.00
-607.76%
-219.00
-158.71%
373.00
+168.82%
-542.00
Change In Inventory
-286.00
+40.17%
-478.00
-986.36%
-44.00
+58.88%
-107.00
Change In Payables And Accrued Expense
1,086.00
+2757.89%
38.00
+111.11%
18.00
-98.73%
1,422.00
Change In Payable
1,086.00
+2757.89%
38.00
+111.11%
18.00
-98.73%
1,422.00
Change In Account Payable
1,341.00
+1541.94%
-93.00
-161.59%
151.00
-88.15%
1,274.00
Change In Other Working Capital
1,219.00
+101.49%
605.00
-13.82%
702.00
+84.25%
381.00
Investing Cash Flow
-1,977.00
-10.32%
-1,792.00
-5.79%
-1,694.00
+5.31%
-1,789.00
Cash Flow From Continuing Investing Activities
-1,977.00
-10.32%
-1,792.00
-5.79%
-1,694.00
+5.31%
-1,789.00
Capital Expenditure
-1,649.00
+2.14%
-1,685.00
+0.35%
-1,691.00
-1.26%
-1,670.00
Capital Expenditure Reported
-1,649.00
+2.14%
-1,685.00
+0.35%
-1,691.00
-1.26%
-1,670.00
Net Business Purchase And Sale
—
—
—
—
Purchase Of Business
—
—
—
—
Net Other Investing Changes
-328.00
-206.54%
-107.00
-3466.67%
-3.00
+97.48%
-119.00
Financing Cash Flow
-4,942.00
-19.40%
-4,139.00
+43.54%
-7,331.00
-3.69%
-7,070.00
Cash Flow From Continuing Financing Activities
-4,942.00
-19.40%
-4,139.00
+43.54%
-7,331.00
-3.69%
-7,070.00
Net Issuance Payments Of Debt
1,343.00
-52.07%
2,802.00
+50.65%
1,860.00
-53.04%
3,961.00
Issuance Of Debt
1,985.00
-33.16%
2,970.00
+50.38%
1,975.00
-68.20%
6,211.00
Repayment Of Debt
-642.00
-282.14%
-168.00
-46.09%
-115.00
+94.89%
-2,250.00
Long Term Debt Issuance
1,985.00
-33.16%
2,970.00
+50.38%
1,975.00
-68.20%
6,211.00
Long Term Debt Payments
-642.00
-282.14%
-168.00
-46.09%
-115.00
+94.89%
-2,250.00
Net Long Term Debt Issuance
1,343.00
-52.07%
2,802.00
+50.65%
1,860.00
-53.04%
3,961.00
Short Term Debt Payments
—
—
—
—
Net Short Term Debt Issuance
—
—
—
—
Net Common Stock Issuance
-3,000.00
+18.92%
-3,700.00
+38.33%
-6,000.00
+24.05%
-7,900.00
Common Stock Payments
-3,000.00
+18.92%
-3,700.00
+38.33%
-6,000.00
+24.05%
-7,900.00
Cash Dividends Paid
-3,131.00
-2.35%
-3,059.00
-0.10%
-3,056.00
-1.33%
-3,016.00
Repurchase Of Capital Stock
-3,000.00
+18.92%
-3,700.00
+38.33%
-6,000.00
+24.05%
-7,900.00
Net Other Financing Charges
-154.00
+15.38%
-182.00
-34.81%
-135.00
-17.39%
-115.00
Changes In Cash
1,638.00
+57.35%
1,041.00
+194.21%
-1,105.00
-4.54%
-1,057.00
Beginning Cash Position
2,483.00
+72.19%
1,442.00
-43.38%
2,547.00
-29.33%
3,604.00
End Cash Position
4,121.00
+65.97%
2,483.00
+72.19%
1,442.00
-43.38%
2,547.00
Free Cash Flow
6,908.00
+30.66%
5,287.00
-15.12%
6,229.00
+1.58%
6,132.00
Change In Income Tax Payable
-255.00
-294.66%
131.00
+198.50%
-133.00
-189.86%
148.00
Change In Tax Payable
-255.00
-294.66%
131.00
+198.50%
-133.00
-189.86%
148.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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