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    Lockheed Martin Corporation (LMT)

    Official site

    INDUSTRIALS • AEROSPACE & DEFENSE • NYSE

    $532.87
    +10.64 (+2.04%)

    Market Cap: $120.53B

    Last updated: Oct 16, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    77%(30/39)
    Avg Surprise
    +3.30%
    Streak
    1 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$7.52
    Range$7.12 - $7.87
    16 analysts
    EPS RevisionsNo revisions (7d)
    0
    2
    30d
    EPS Estimate DriftChange to current
    90d ago$7.60-1.0%
    60d ago$7.57-0.6%
    30d ago$7.56-0.5%
    7d ago$7.55-0.3%
    Current$7.52
    Revenue Consensus
    $20.4B
    Range$19.8B - $20.9B
    18 analysts
    Period ending Dec 31, 2026
    EPS Consensus$9.01
    Range$8.58 - $9.49
    19 analysts
    Revenue Consensus
    $23.0B
    Range$21.8B - $23.5B
    21 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$9.01---
    Sep 26EST
    		-$7.52---
    Jun 26
    Reported Jul 23
    		$7.94$7.22+9.97%Beat+443.8%
    Mar 26
    Reported Apr 23
    		$6.44$6.69-3.74%Miss-11.5%
    Dec 25
    Reported Jan 29
    		$5.80$5.75+0.87%Beat+161.3%
    Sep 25
    Reported Oct 21
    		$6.95$6.36+9.28%Beat+2.2%
    Jun 25
    Reported Jul 22
    		$1.46N/A-77.26%Miss-79.5%
    Mar 25
    Reported Apr 22
    		$7.28$6.35+14.65%Beat+13.9%
    Dec 24
    Reported Jan 28
    		$2.22N/A-66.36%Miss-70.7%
    Sep 24
    Reported Oct 22
    		$6.80$6.48+4.94%Beat+1.0%
    Jun 24
    Reported Jul 23
    		$7.11$6.45+10.23%Beat+5.6%
    Mar 24
    Reported Apr 23
    		$6.39$5.85+9.23%Beat-3.3%
    Dec 23
    Reported Jan 23
    		$7.58$7.25+4.55%Beat-2.7%
    Sep 23
    Reported Oct 17
    		$6.73$6.65+1.20%Beat-2.0%
    Jun 23
    Reported Jul 18
    		$6.73$6.45+4.34%Beat+6.5%
    Mar 23
    Reported Apr 18
    		$6.61$6.04+9.44%Beat+2.6%
    Dec 22
    Reported Jan 24
    		$7.79$7.37+5.70%Beat+7.6%
    Sep 22
    Reported Oct 18
    		$6.87$6.72+2.23%Beat+210.9%
    Jun 22
    Reported Jul 19
    		$6.32$6.39-1.10%Miss-3.1%
    Mar 22
    Reported Apr 19
    		$6.44$6.17+4.38%Beat-1.8%
    Dec 21
    Reported Jan 25
    		$7.24$7.14+1.40%Beat+13.5%
    Sep 21
    Reported Oct 26
    		$2.21$1.99+11.06%Beat-63.5%
    Jun 21
    Reported Jul 26
    		$6.52$6.53-0.15%Miss+12.6%
    Mar 21
    Reported Apr 20
    		$6.56$6.31+3.96%Beat+7.9%
    Dec 20
    Reported Jan 26
    		$6.38$6.41-0.47%Miss+20.6%
    Sep 20
    Reported Oct 20
    		$6.05$6.09-0.66%Miss+6.9%
    Jun 20
    Reported Jul 21
    		$5.79$5.71+1.40%Beat+15.8%
    Mar 20
    Reported Apr 21
    		$6.08$5.81+4.65%Beat+1.5%
    Dec 19
    Reported Jan 28
    		$5.29$5.04+4.96%Beat+20.5%
    Sep 19
    Reported Oct 22
    		$5.66$5.05+12.08%Beat+10.1%
    Jun 19
    Reported Jul 23
    		$5.00$4.74+5.49%Beat+23.5%
    Mar 19
    Reported Apr 23
    		$5.99$4.37+37.07%Beat+49.0%
    Dec 18
    Reported Jan 29
    		$4.39$4.39+0.00%Beat+295.1%
    Sep 18
    Reported Oct 23
    		$5.14$4.31+19.26%Beat+58.6%
    Jun 18
    Reported Jul 24
    		$4.05$3.91+3.58%Beat+25.4%
    Mar 18
    Reported Apr 24
    		$4.02$3.36+19.64%Beat+54.0%
    Dec 17
    Reported Jan 29
    		$-2.25N/A+56.81%Beat-169.2%
    Sep 17
    Reported Oct 24
    		$3.24$3.27-0.92%Miss-
    Jun 17
    Reported Jul 18
    		$3.23$3.08+4.87%Beat-
    Mar 17
    Reported Apr 25
    		$2.61$2.74-4.74%Miss-
    Dec 16
    Reported Jan 24
    		$3.25$3.04+6.91%Beat-

    Dividends

    Dividend Metrics

    Forward Yield2.59%
    Forward Annual Dividend$13.80
    Payout Ratio30.62%
    FrequencyQuarterly
    Pay MonthsMar, Jun, Sep, Dec

    Growth

    3Y CAGR+5.40%
    5Y CAGR+6.38%
    LMT dividend history and ex-dividend datesRun LMT in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio19.64EV/EBITDA12.82x
    Price/FCF14.09xFCF Yield7.10%
    Profitability
    Profit Margin8.16%Operating Margin12.00%
    ROE89.20%ROIC26.62%
    Financial Health
    Debt/Equity2.34xInterest Coverage8.29x
    Current Ratio1.19xQuick Ratio1.01x
    Trading Statistics
    Beta0.10Avg Volume1.17M
    52-Week High$683.2752-Week Low$429.47

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$510.99
    SMA 20$515.70
    SMA 50$542.46
    SMA 200$560.09
    EMA 10$515.53
    EMA 20$518.21
    EMA 50$529.96
    EMA 200$535.95

    MACD

    Line: -5.69Signal: -8.97Hist: 3.28

    ADX

    ADX: 38.7+DI: 21.2-DI: 23.8

    Aroon & PSAR

    Aroon Up20.0
    Aroon Down80.0
    PSAR$498.76

    Bollinger Bands

    Upper Band$536.95
    Lower Band$494.45
    %B Position824%(Upper)
    Band Width0.90

    RSI (14-Day)

    Neutral
    56.8

    Momentum Oscillators

    Stoch %K66.1
    Stoch %D47.9
    Williams %R-3.7
    ROC (10d)5.4%
    Momentum27.36
    CCI (20d)109.3
    MFI (14d)50.1

    Volatility Measures

    ATR (14d)$11.34(2.1%)
    StdDev (20d)10.63
    Hist Vol22.4%(Moderate)

    Volume Flow

    VWAP$531.06
    OBV16.5M
    AD Line-585.1M
    CMF (20d)-0.002

    Volume Metrics

    Avg Vol (20d)1.2M
    Vol Ratio1.2x
    VWMA (20d)$517.62

    Pivot Points

    R3$542.61
    R2$532.84
    R1$527.54
    Pivot Point$517.77
    S1$512.47
    S2$502.70
    S3$497.40

    Advanced Oscillators

    TSI-15.24
    Ultimate Osc60.0
    KST-60.28

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$20.06B$18.02B$20.32B$18.61B$18.16B$17.96B$18.62B$17.10B$18.12B$17.20B$18.87B$16.88B
    Cost of Revenue$17.62B$15.94B$18.00B$16.37B$17.42B$15.64B$17.93B$14.99B$15.99B$15.20B$16.58B$14.83B
    Gross Profit$2.45B$2.08B$2.32B$2.24B$734.00M$2.32B$690.00M$2.12B$2.13B$1.99B$2.29B$2.05B
    Operating Expenses$-33,000,000$15.00M$-9,000,000$-40,000,000$-14,000,000$-49,000,000$-6,000,000$-23,000,000$-18,000,000$-36,000,000$2.00M$6.00M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$0$0$0$0$0$0$0$0$0$0$0$0
    Operating Income$2.48B$2.06B$2.33B$2.28B$748.00M$2.37B$696.00M$2.14B$2.15B$2.03B$2.29B$2.04B
    Interest Income$0$0$-578,000,000$-99,000,000$0$0$15.00M$16.00M$15.00M$16.00M$111.00M$111.00M
    Interest Expense$266.00M$269.00M$290.00M$286.00M$274.00M$268.00M$264.00M$256.00M$261.00M$255.00M$254.00M$237.00M
    Income Before Tax$2.18B$1.77B$1.53B$1.94B$417.00M$2.04B$519.00M$1.92B$1.95B$1.83B$2.15B$1.95B
    Income Tax Expense$342.00M$286.00M$187.00M$319.00M$75.00M$324.00M$-8,000,000$295.00M$307.00M$290.00M$279.00M$269.00M
    Net Income$1.84B$1.49B$1.34B$1.62B$342.00M$1.71B$527.00M$1.62B$1.64B$1.54B$1.87B$1.68B
    EBITDA$2.84B$2.44B$2.86B$2.75B$1.09B$2.70B$1.23B$2.55B$2.55B$2.42B$2.71B$2.43B
    EBIT$2.44B$2.04B$2.40B$2.32B$691.00M$2.30B$768.00M$2.16B$2.19B$2.07B$2.29B$2.08B
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $67.66B
    Gov Obligations / Revenue
    87.9%
    Obligations YoY
    13.7%
    Active Awards
    17,851
    New Awards (TTM)
    14,658
    Avg Remaining Term
    53.3 mo

    Top agency: Department of Defense at 98.7% of trailing twelve month obligations across 7 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    W31P4Q26C0013Department of DefenseDepartment of the Army$4.76BApr 9, 2026
    N0003025C0100Department of DefenseDepartment of the Navy$1.21BSep 12, 2025
    HQ085126FE030Department of DefenseMissile Defense Agency$511.68MMay 1, 2026
    W31P4Q26F0023Department of DefenseDepartment of the Army$447.19MMar 31, 2026
    HQ085325FE002Department of DefenseMissile Defense Agency$418.99MAug 15, 2025
    N0038326F0W00Department of DefenseDepartment of the Navy$328.69MOct 1, 2025
    N0001926F0191Department of DefenseDepartment of the Navy$233.55MApr 30, 2026
    N0001925C0009Department of DefenseDepartment of the Navy$233.00MSep 30, 2025
    W31P4Q26F0079Department of DefenseDepartment of the Army$184.00MApr 17, 2026
    FA854026FB015Department of DefenseDepartment of the Air Force$157.38MDec 31, 2025

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

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    LMT Valuation and Fair Value

    P/E
    19.6x
    Forward P/E
    16.2x
    EV/EBITDA
    12.8x
    P/FCF
    14.1x
    PEG
    1.0x
    P/B
    14.0x
    See GNG's fair value

    LMT Profitability: Margins, ROIC and FCF

    Gross margin
    11.8%
    Operating margin
    12.0%
    Net margin
    8.2%
    ROIC
    26.6%
    ROE
    89.2%
    FCF margin
    11.3%
    FCF yield
    7.1%

    LMT Competitors

    CompanyTicker
    Parker-Hannifin CorporationPH
    Trane Technologies plcTT
    The Boeing CompanyBA
    Quanta Services IncPWR
    Eaton Corporation PLCETN
    General Dynamics CorporationGD
    Union Pacific CorporationUNP
    Emerson Electric CompanyEMR

    Sector: Industrials

    LMT Analyst Ratings

    Consensus
    Hold
    Analysts
    21
    Strong Buy
    2
    Buy
    6
    Hold
    12
    Sell
    1
    Strong Sell
    0

    LMT Bull Case vs Bear Case

    Bull case

    • LMT earns a 26.6% return on invested capital.
    • LMT grew quarterly revenue 10.5% year over year.

    Bear case

    • LMT has a debt-to-equity ratio of 2.3x.

    LMT Earnings: Beat Rate and Next Report

    Beat rate
    5 of 8 quarters (62.5%)
    Average surprise
    -13.5%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $7.52
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 2 down

    LMT Dividend

    Forward yield
    2.6%
    Payout ratio
    30.6%
    3Y DPS growth
    5.4%
    5Y DPS growth
    6.4%
    Pay months
    Mar, Jun, Sep, Dec
    LMT dividend history

    Frequently Asked Questions About LMT

    What is LMT's current dividend yield?

    Lockheed Martin Corporation (LMT) has a forward dividend yield of 2.59%.

    Does LMT pay dividends?

    Yes, Lockheed Martin Corporation pays dividends with a forward dividend yield of 2.59%.

    What is LMT's P/E ratio?

    Lockheed Martin Corporation has a price-to-earnings (P/E) ratio of 19.64.

    What is LMT's market cap?

    Lockheed Martin Corporation (LMT) has a market capitalization of $120.53B with a current stock price of $532.87.

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