Lockheed Martin Corporation (LMT)
- Previous Close
482.23 - Open
484.37 - Bid --
- Ask --
- Day's Range
471.75 - 484.83 - 52 Week Range
418.88 - 618.95 - Volume
1,062,541 - Avg. Volume
1,563,111 - Market Cap (intraday)
112.001B - Beta (5Y Monthly) 0.29
- PE Ratio (TTM)
20.62 - EPS (TTM)
23.18 - Earnings Date Jul 21, 2025 - Jul 25, 2025
- Forward Dividend & Yield 13.20 (2.74%)
- Ex-Dividend Date Jun 2, 2025
- 1y Target Est
525.46
Lockheed Martin Corporation, an aerospace and defense company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. 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; ground vehicles; and energy management solutions. 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.
www.lockheedmartin.com121,000
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
Recent News: LMT
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Performance Overview: LMT
Trailing total returns as of 6/5/2025, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .
YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: LMT
View MoreValuation Measures
Market Cap
112.00B
Enterprise Value
130.50B
Trailing P/E
20.60
Forward P/E
17.51
PEG Ratio (5yr expected)
1.74
Price/Sales (ttm)
1.58
Price/Book (mrq)
16.76
Enterprise Value/Revenue
1.82
Enterprise Value/EBITDA
14.38
Financial Highlights
Profitability and Income Statement
Profit Margin
7.66%
Return on Assets (ttm)
8.32%
Return on Equity (ttm)
82.55%
Revenue (ttm)
71.81B
Net Income Avi to Common (ttm)
5.5B
Diluted EPS (ttm)
23.18
Balance Sheet and Cash Flow
Total Cash (mrq)
1.8B
Total Debt/Equity (mrq)
303.82%
Levered Free Cash Flow (ttm)
5.29B
Research Analysis: LMT
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View MoreThe Argus Sustainable Growth Theme Model Portfolio
Sustainable Impact Investing is gaining traction not only with Argus Research clients but also with the global investment community. As assets have flowed in over the past 40 years, Sustainable Investing has evolved. The discipline, originally known as Socially Responsible Investing, first focused on excluding companies that conducted business in South Africa, or participated in industries such as tobacco, alcohol, and firearms. In time, the list of industries to avoid increased to include soft drinks, fast food, and oil and gas, among numerous others. Performance of initial strategies lagged, and the approach has been modified. Now, instead of merely identifying industries to avoid, the discipline promotes "sustainable" business practices across all industries that can have an "impact" on global issues such as climate, hunger, poverty, disease, shelter, and workers' rights. Given the strategy's focus on leading management practices, we expect the growth curve for Sustainable Investing to again slope upward in the years ahead.
Healthy Outlook for Aerospace & Defense
Aerospace & Defense design and manufacturing is one of the core competencies of the U.S. economy, along with innovative technology, allocating capital, and pharmaceutical R&D. In our view, the sector is positioned for solid growth over the next few years. During 2025, global revenues for the total A&D industry are expected to grow by 6% from 2025 and reach $950 billion, as tracked by The Business Research Company. Looking ahead, forecasts call for the industry to grow at a CAGR of 5.8% and top $1.1 trillion by 2028. Drilling down, the recovering global airline industry bodes well for commercial aerospace demand over the next several years. Airline passenger levels and airline revenues are again growing at a healthy pace. As well, with international markets reopened, we believe that the industry will be able to recover a substantial amount of its pre-COVID-19 revenues and profitability into 2026. We also expect solid military spending over the next few years. According to the Office of the Undersecretary of Defense, military funding for FY 2024 tallied $817 billion. For FY 2025, the White House has requested a base defense budget of $850 billion, which represents 4% year-over-year growth. On top of the country's typical strong commitment to defense spending, the budget has been influenced by the ongoing Russian invasion of Ukraine, rising inflation, and other factors. We see the current geopolitical environment keeping this type of spending high for some time to come.
Argus Quick Note: Weekly Stock List for 05/19/2025: Tariff Impact on U.S. Companies
Director of Research Jim Kelleher, CFA, has surveyed the Argus analyst team about the impact of tariffs on companies in the Argus Universe of Coverage. The tariff environment is dynamic, to say the least. The White House has levied tariffs or threatened to levy tariffs, but often paused, postponed, or withdrawn pledged tariffs. Most recently, China and the U.S. agreed to reduce baseline tariffs to 10% for 90 days (30% in the U.S. reflecting a 20% fentanyl penalty). More than the tariffs themselves, the lack of a finished tariff infrastructure complicates business planning, staffing decisions, and capital investment. Within this dynamic environment, companies are focused on taking actions in areas they can control and planning proactively for a range of tariff scenarios. Companies are anticipating both direct and indirect tariff impacts. Direct impacts would include higher costs for imported finished goods and components, foregone sales as a result of reciprocal tariffs in other nations, and other factors. For example, a manufacturing company would face direct impacts as it pays higher prices for imported parts. Indirect impacts would include a slowing in business related to a broad softening in the economy. All companies likely will feel indirect impacts. A utility, for example, could begin to see a slowing in industrial and commercial kilowatt-hour sales, particularly in niches such as warehousing, trucking and rail, and other freight-related functions. We asked Argus analysts to survey their companies for their commentary on direct and indirect tariff impacts, as well as actions these companies are taking to mitigate the challenging trade environment. Nearly every company in Argus analyst coverage has issued commentary regarding tariffs, much as (five years ago) nearly every company in coverage had something to say about the then-developing COVID-19 pandemic. Below we offer a sampling of company responses to the unfolding tariff environment across a range of sectors and industries. We intend to update our survey on a regular basis at least until the tariff environment, in whatever shape or form, becomes a stable part of the U.S. economy.
Large Cap US Pick List - May 2025
This pick list highlights constituents of the Morningstar US Large Cap Index that we believe offer investors the best risk-adjusted return prospects. Stocks of large-cap companies where neither growth nor value characteristics predominate. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap.