Lockheed Martin Corporation — LMT
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $458.35 | $106.06B | 25.5 | 16.3 | 13.9% | 9.1% | $13.80 3.0% | 17.1 |
Revenue & Net Income
| Date | Revenue | Net Income | EPS | Revenue Change | Net Income Change | EPS Change | |
|---|---|---|---|---|---|---|---|
| 0 | 2020-12-31 | $65.4B | $6.8B | $24.40 | N/A | N/A | N/A |
| 1 | 2021-12-31 | $67.0B | $6.3B | $22.85 | 2.5% | -7.6% | -6.4% |
| 2 | 2022-12-31 | $66.0B | $5.7B | $21.74 | -1.6% | -9.2% | -4.9% |
| 3 | 2023-12-31 | $67.6B | $6.9B | $27.65 | 2.4% | 20.7% | 27.2% |
| 4 | 2024-12-31 | $71.0B | $5.3B | $22.39 | 5.1% | -22.9% | -19.0% |
| 5 | TTM 2025-03-31 | $71.8B | $5.5B | $23.22 | 1.1% | 3.1% | 3.7% |
| 6 | Average | 1.9% | -3.2% | 0.1% |
EPS
Forecasts
Y/Y % Change
LMT Year-over-Year Growth
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Average | |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | 2.5% | -1.6% | 2.4% | 5.1% | 4.6% | 4.4% | 2.9% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 0 | 6 | 6 | |
| EPS Growth (%) | -7.6% | -9.2% | 20.7% | -22.9% | -4.0% | 33.8% | 1.8% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 0 | 7 | 7 |
Expenses
| Year | Revenue ($) | Cost of Revenue ($) | G&A ($) | SG&A ($) | Facilities / D&A ($) | Personnel ($) |
|---|---|---|---|---|---|---|
| 2021 | $67.0B | $56.6B | $1.4B | |||
| 2022 | $66.0B | $56.3B | $1.4B | |||
| 2023 | $67.6B | $57.7B | $1.4B | |||
| 2024 | $71.0B | $62.6B | $1.6B | |||
| TTM | $71.8B | $64.3B | $99.0M | $99.0M | $1.6B | $99.0M |
| Year | Revenue Change (%) | Cost of Revenue Change (%) | Facilities / D&A Change (%) |
|---|---|---|---|
| 2022 | -1.58 | -0.58 | 2.93 |
| 2023 | 2.41 | 2.43 | 1.85 |
| 2024 | 5.14 | 8.48 | 9.02 |
| TTM | 1.13 | 2.85 | 5.52 |
No unmapped expenses.
Segment Performance
SEGMENTS v2025-09-09 · 2025-11-10 08:24 UTC — Units: $B. Rows list fiscal years (last 3 + TTM) with revenue and operating income for each segment; the final row shows the TTM revenue mix (operating income columns display “—” where mix is not applicable).
| Year | Prod Rev | Prod OI | Services Rev | Services OI | Total Rev | Total OI |
|---|---|---|---|---|---|---|
| 2022 | 166.4B | 0.00B | 31.6B | 0.00B | 198B | 0.00B |
| 2023 | 168.8B | 0.00B | 33.9B | 0.00B | 202.7B | 0.00B |
| 2024 | 177.8B | 0.00B | 35.3B | 0.00B | 213.1B | 0.00B |
| TTM | 360B | 0.00B | 73.2B | 0.00B | 433.1B | 0.00B |
| % of Total (TTM) | 83.1% | — | 16.9% | — | 100% | — |
SEGMENTS v2025-09-09 · 2025-11-10 08:24 UTC — Units: $B. Rows list fiscal years (last 3 + TTM) with revenue and operating income for each segment; the final row shows the TTM revenue mix (operating income columns display “—” where mix is not applicable).
| Year | Aeronautics Rev | Aeronautics OI | Rotary And Mission Systems Rev | Rotary And Mission Systems OI | Missiles And Fire Control Rev | Missiles And Fire Control OI | Space Rev | Space OI | Total Rev | Total OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 216.1B | 2.87B | 131.1B | 1.91B | 91.2B | 1.64B | 92.6B | 1.06B | 531.1B | 7.47B |
| 2023 | 220.1B | 2.83B | 132B | 1.86B | 90.7B | 1.54B | 101.2B | 1.16B | 544B | 7.39B |
| 2024 | 229.3B | 2.52B | 140.4B | 1.92B | 102.3B | 0.41B | 100.2B | 1.23B | 572.2B | 6.08B |
| TTM | 460.9B | 4.51B | 274.6B | 3.28B | 213.9B | 2.38B | 205.7B | 2.63B | 1155.1B | 12.8B |
| % of Total (TTM) | 39.9% | — | 23.8% | — | 18.5% | — | 17.8% | — | 100% | — |
Balance Sheet
| Metric | Value | |
|---|---|---|
| 0 | Total Assets | $58,870M |
| 1 | Cash | $1,293M |
| 2 | Total Liabilities | $53,536M |
| 3 | Total Debt | $21,638M |
| 4 | Total Equity | $5,334M |
| 5 | Debt to Equity Ratio | 4.06 |
EPS & Dividend
Valuation
| Share Price | Treasury Yield | Estimates | Fair Value (P/E) | Fair Value (P/S) | Current P/S | Current P/E |
|---|---|---|---|---|---|---|
| $470.56 | 4.4% | Nicks Growth: 1% Nick's Expected Margin: 15% FINVIZ Growth: 13% |
Nicks: 7 Finviz: 23 |
Nick's: 1.064 | 1.5 | 20.3 |
| Basis | Year | Nicks Valuation | Nicks vs Share Price | Finviz Valuation | Finviz vs Share Price |
|---|---|---|---|---|---|
| $23.22 EPS | TTM | $164.72 | -65.0% | $530.59 | 12.8% |
| $27.27 EPS | 2025 | $193.46 | -58.9% | $623.14 | 32.4% |
| $29.75 EPS | 2026 | $211.05 | -55.1% | $679.81 | 44.5% |
Implied Growth
| Average | Median | Std Dev | Current | Percentile | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | |
| Timeframe | ||||||||||
| 1 Year | 13.63% | 9.36% | 14.01% | 9.41% | 1.21% | 0.52% | 13.91% | 9.10% | 46.3% | 27.8% |
| 3 Years | 13.63% | 9.36% | 14.01% | 9.41% | 1.21% | 0.52% | 13.91% | 9.10% | 46.3% | 27.8% |
| 5 Years | 13.63% | 9.36% | 14.01% | 9.41% | 1.21% | 0.52% | 13.91% | 9.10% | 46.3% | 27.8% |
| 10 Years | 13.63% | 9.36% | 14.01% | 9.41% | 1.21% | 0.52% | 13.91% | 9.10% | 46.3% | 27.8% |