Lockheed Martin Corporation — LMT
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $461.20 | $107.68B | 25.9 | 16.4 | 14.1% | 9.2% | $13.20 289.0% | 20.1 |
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 | $23.22 | 1.1% | 3.1% | 3.7% |
| 6 | Average | 1.9% | -3.2% | 0.1% |
EPS
Forecasts
Y/Y % Change
LMT Year-over-Year Growth
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Average | |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | 2.5% | -1.6% | 2.4% | 5.1% | 4.6% | 3.9% | 2.8% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 0 | 6 | 6 | |
| EPS Growth (%) | -7.6% | -9.2% | 20.7% | -22.9% | -2.0% | 31.3% | 1.7% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 0 | 9 | 9 |
Expenses
| Year | Revenue ($) | 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 · 2025-09-05 15:02 UTC — Values are shown in a single scale for this table: $B. TTM values are bold. “% of Total (TTM)” shows revenue mix.
| Segment | 2022 Rev ($B) | 2022 OI ($B) | 2023 Rev ($B) | 2023 OI ($B) | 2024 Rev ($B) | 2024 OI ($B) | TTM Rev ($B) | TTM OI ($B) | % of Total (TTM) |
|---|---|---|---|---|---|---|---|---|---|
| Product | 166B | 0.00B | 169B | 0.00B | 178B | 0.00B | 314B | 0.00B | 83.4% |
| Service | 31.6B | 0.00B | 33.9B | 0.00B | 35.3B | 0.00B | 62.4B | 0.00B | 16.6% |
SEGMENTS v2025-09-09 · 2025-09-05 15:02 UTC — Values are shown in a single scale for this table: $B. TTM values are bold. “% of Total (TTM)” shows revenue mix.
| Segment | 2022 Rev ($B) | 2022 OI ($B) | 2023 Rev ($B) | 2023 OI ($B) | 2024 Rev ($B) | 2024 OI ($B) | TTM Rev ($B) | TTM OI ($B) | % of Total (TTM) |
|---|---|---|---|---|---|---|---|---|---|
| Aeronautics | 216B | 2.87B | 220B | 2.83B | 229B | 2.52B | 404B | 3.05B | 40.3% |
| Rotary And Mission Systems | 131B | 1.91B | 132B | 1.86B | 140B | 1.92B | 237B | 2.10B | 23.6% |
| Missiles And Fire Control | 91.2B | 1.64B | 90.7B | 1.54B | 102B | 0.41B | 184B | 1.84B | 18.3% |
| Space | 92.6B | 1.06B | 101B | 1.16B | 100B | 1.23B | 179B | 2.33B | 17.8% |
Balance Sheet
| Metric | Value | |
|---|---|---|
| 0 | Total Assets | $56,669M |
| 1 | Cash | $1,803M |
| 2 | Total Liabilities | $49,986M |
| 3 | Total Debt | $20,304M |
| 4 | Total Equity | $6,683M |
| 5 | Debt to Equity Ratio | 3.04 |
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 | 12.81% | 9.06% | 13.31% | 9.16% | 1.06% | 0.45% | 13.85% | 9.15% | 79.3% | 48.3% |
| 3 Years | 12.81% | 9.06% | 13.31% | 9.16% | 1.06% | 0.45% | 13.85% | 9.15% | 79.3% | 48.3% |
| 5 Years | 12.81% | 9.06% | 13.31% | 9.16% | 1.06% | 0.45% | 13.85% | 9.15% | 79.3% | 48.3% |
| 10 Years | 12.81% | 9.06% | 13.31% | 9.16% | 1.06% | 0.45% | 13.85% | 9.15% | 79.3% | 48.3% |