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Lockheed Martin Corporation logo
Lockheed Martin Corporation LMT
$ 551.51 0.52%
report update icon

Quarterly report 2026-Q2
added 07-23-2026

Lockheed Martin Corporation Financial Ratios 2025-2006 | LMT

Brief overview of Lockheed Martin Corporation's market valuation

The comparison uses the five latest available annual observations between 2021 and 2025.

The current valuation set is P/E 29.01x (median 20.47x), EV/EBITDA 13.04x (median 13.04x), P/S 1.94x (median 1.62x). On average, this basket is 19.8% above its own five-year medians. The market is pricing in elevated future expectations.

At the current P/E, inverse earnings yield is 3.4%, a useful bridge between price and business earnings.

End-period return metrics are ROE 74.6%, ROA 8.4%, ROCE 115%. Current resource returns are convincing and help explain a higher market valuation.

PEG is 8.11x. Price is well ahead of embedded growth, making market expectations demanding.

The cash return period is stable at 26 days initially and 18.3 days at the end.

Overall assessment

Lockheed Martin Corporation's profitability supports higher multiples, although much of the quality is already reflected in price.

Annual Financial Ratios Lockheed Martin Corporation

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006

P/E

 29.0 20.5 15.8 21.2 15.3 13.9 19.7 16.4 50.4 14.3 18.2 16.5 16.0 10.4 10.4 10.0 10.9 13.6 - -

P/S

 1.9 1.5 1.6 1.8 1.4 1.5 2.1 1.5 2.0 1.6 1.4 1.3 1.1 0.6 0.6 - - - - -

EPS

 21.6 22.4 27.6 21.7 22.9 24.4 22.1 17.7 6.8 17.3 11.6 11.4 9.3 8.5 7.9 7.9 7.7 8.1 7.3 -

EV (Enterprise Value)

 195 B 156 B 154 B 162 B 133 B 137 B 166 B 126 B 145 B 120 B 110 B 91.9 B 76.4 B 65.3 B 60.9 B 58.2 B 61 B 72 B -2.65 B -1.91 B

EBITDA per Share

 40.5 36 39.7 37 37.9 34.5 33.9 30 23.4 21.2 20.4 20.1 17.4 16.2 14 14.2 14 14.4 - -

EV/EBITDA

 20.7 18.2 15.5 16.7 13.0 10.0 14.0 11.3 16.6 13.9 12.6 10.1 9.2 6.3 6.5 11.3 11.3 12.5 -0.5 -

PEG

 8.11 14.2 2.67 2.11 1.21 1.22 0.8 0.11 -0.83 0.27 9.87 0.72 1.68 1.42 -6.41 - - - - -

P/B

 21.7 17.2 16.0 13.1 8.8 15.8 38.8 57.3 -165.6 47.1 21.1 17.6 9.7 732.1 27.5 8.2 7.8 15.2 - -

P/CF

 17.0 15.7 13.8 15.6 10.5 11.6 21.1 44.6 19.0 18.3 15.7 19.8 12.9 46.1 8.4 7.6 9.3 9.9 - -

ROE %

 74.65 84.26 101.24 61.86 57.62 113.17 196.47 348.24 -328.74 330.14 116.40 106.29 60.61 7038.46 265.23 82.30 74.96 112.29 30.93 -

ROA %

 8.38 9.59 13.19 10.84 12.41 13.47 13.11 11.24 4.30 11.09 7.34 9.75 8.24 7.10 7.00 8.20 8.47 9.62 - -

ROCE %

 115.03 110.74 124.46 90.09 83.25 143.16 24.93 24.18 16.37 14.58 15.12 20.70 18.28 16.01 14.37 117.39 110.11 176.23 46.17 -

Current Ratio

 1.1 1.1 1.1 1.2 1.3 1.1 1.2 1.1 1.4 1.2 1.2 1.1 1.2 1.1 1.2 1.1 1.1 1.1 - -

DSO

 15.2 11.5 12.5 12.4 10.7 12.0 69.8 80.9 61.5 63.4 63.8 47.1 46.9 50.8 47.6 - - - - -

DIO

 18.9 18.8 19.2 19.2 20.5 23.0 25.7 23.6 36.0 40.5 44.4 26.2 26.6 25.0 21.2 19.8 18.8 9.4 - -

DPO

 15.8 12.9 13.7 9.2 5.2 7.0 9.1 18.9 11.8 14.3 17.6 14.2 12.5 17.3 19.4 16.0 18.7 10.1 - -

Operating Cycle

 34.1 30.3 31.7 31.6 31.3 35.1 95.4 104.5 97.5 103.8 108.1 73.2 73.6 75.7 68.8 19.8 18.8 9.4 - -

Cash Conversion Cycle

 18.3 17.4 18.1 22.4 26.0 28.1 86.3 85.6 85.7 89.5 90.5 59.0 61.1 58.4 49.4 3.9 0.1 -0.6 - -

All numbers in USD currency

Quarterly Financial Ratios Lockheed Martin Corporation

2026-Q2 2026-Q1 2025-Q3 2025-Q2 2025-Q1 2024-Q3 2024-Q2 2024-Q1 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q3 2010-Q2 2010-Q1 2009-Q3 2009-Q2

EPS

 7.98 6.47 6.98 1.46 7.3 6.83 6.87 6.42 6.75 6.65 6.63 - 6.73 1.16 6.46 - 2.22 6.54 6.58 6.41 6.08 5.81 6.1 5.32 5.7 5.03 6.03 4.43 5.18 4.08 4.05 -2.6 3.35 3.31 2.72 3.39 8.02 3.37 2.95 3.05 2.8 2.98 2.78 2.87 2.81 2.81 2.92 1.53 2.72 2.68 2.37 1.76 2.25 2.41 2.06 2.12 2.12 2.16 1.52 1.59 2.25 1.46 2.09 1.9

EBITDA per Share

 14.2 10.7 - - 11.8 - - - - - - - 8.17 7.39 7.2 - 8.31 7.9 7.82 8.2 7.69 7.46 7.54 7.67 7.46 7.12 8.08 - 6.9 6.3 6.04 6.86 5.84 5.95 4.83 4.94 5.59 4.77 4.78 3.63 6.22 5.65 4.41 4.27 6.7 6.01 5.23 2.61 6.09 5.52 4.2 3.31 5.71 5.1 3.93 - 5.38 4.35 3.23 3.97 4.04 - - -

ROE %

 73.41 78.09 80.76 81.15 97.97 90.51 86.16 77.09 68.72 53.26 52.40 34.89 41.26 54.23 68.29 50.97 80.76 102.61 101.82 113.60 131.71 154.91 173.28 199.23 241.21 295.46 333.47 361.98 359.62 140.66 -55.12 -230.94 -253.08 18.71 198.64 350.89 315.63 185.06 147.48 116.40 112.87 111.05 107.20 106.29 89.63 81.26 72.58 60.61 1509.67 3356.02 5341.11 7038.46 5647.72 3853.55 1925.11 265.23 211.58 163.74 103.20 75.63 87.08 13.58 25.38 26.03

ROA %

 8.72 8.80 9.21 9.50 11.73 11.69 11.85 12.29 10.08 7.11 10.47 7.38 8.56 8.63 11.64 8.28 11.81 13.98 13.70 13.47 13.09 13.13 12.91 13.11 12.75 12.65 12.25 11.24 6.86 5.64 5.10 4.21 7.87 10.82 10.90 11.09 10.92 7.66 7.42 7.32 7.87 8.51 9.02 9.75 8.66 8.68 8.65 8.24 8.36 7.83 7.48 7.10 7.43 7.40 7.33 7.00 6.81 7.24 6.79 7.62 8.12 1.51 2.23 2.11

ROCE %

 106.73 113.95 116.13 114.02 130.51 117.04 110.42 96.75 84.28 79.44 75.66 54.54 78.36 93.93 96.66 77.34 115.39 127.27 128.34 143.71 174.38 206.00 235.53 273.27 337.32 410.83 475.38 526.11 164.03 -174.08 -504.73 -793.41 -469.61 -167.22 125.66 367.24 308.25 241.64 191.75 152.15 156.10 158.55 159.39 164.47 141.96 126.52 110.97 91.60 2795.16 5685.04 8715.06 11369.23 8759.21 5947.22 2990.61 401.60 313.80 240.80 165.38 112.02 127.73 24.38 34.55 38.40

Current Ratio

 1.2 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.2 - 1.2 1.2 1.3 1.3 1.2 1.3 1.2 1.1 1.3 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.2 1.2 1.2 1.2 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.1 1.1 1.1 1.1 1.1

DSO

 12.9 15.6 17.5 13.4 10.6 13.5 13.1 12.4 6.5 7.1 15.3 - 16.2 17.5 13.7 - 13.9 12.2 11.1 10.6 10.9 11.1 12.6 13.4 14.1 14.8 15.2 15.5 15.6 16.6 18.5 13.7 17.0 16.3 42.6 54.4 64.8 64.7 68.0 57.5 69.5 63.2 62.9 42.8 48.3 47.5 50.2 46.2 46.9 46.7 51.1 49.5 50.5 50.2 51.0 45.3 45.7 47.9 53.0 - - - - -

DIO

 22.4 22.9 20.8 19.1 19.9 19.3 18.2 9.8 - - - - - - 10.4 - - - 11.5 - - - 12.2 - - - 11.3 - - - 13.2 - - - - - - - - - - - - - - - - - - - - - - 10.1 21.6 - 16.5 19.3 20.3 19.2 21.2 21.4 17.8 -

DPO

 24.9 24.4 20.9 19.6 20.5 19.8 19.4 22.0 11.7 10.2 18.8 - 15.6 16.6 11.8 - 10.4 7.3 5.4 - 5.6 5.7 7.3 - 8.9 9.4 13.8 - 17.7 18.8 17.7 - 12.5 12.3 14.5 - 14.8 14.6 16.7 - 18.9 17.5 18.2 - 14.6 14.4 14.6 - 12.5 12.5 15.6 - 17.1 17.3 19.1 - 18.6 19.5 21.5 19.9 19.9 21.1 10.2 -

Operating Cycle

 - 38.5 38.3 32.5 30.5 32.8 31.2 12.4 - - 15.3 - 16.2 17.5 24.1 - 13.9 12.2 22.6 10.6 10.9 11.1 24.8 13.4 14.1 14.8 26.5 15.5 15.6 16.6 31.6 13.7 17.0 16.3 42.6 54.4 64.8 64.7 68.0 57.5 69.5 63.2 62.9 42.8 48.3 47.5 50.2 46.2 46.9 46.7 51.1 49.5 50.5 60.3 72.6 45.3 62.1 67.2 - - - - - -

Cash Conversion Cycle

 - 14.1 17.4 12.9 10.0 13.0 11.8 -9.7 - - -3.4 - 0.6 0.9 12.3 - 3.5 4.9 17.2 10.6 5.3 5.4 17.5 13.4 5.1 5.4 12.7 15.5 -2.1 -2.2 13.9 13.7 4.5 4.0 28.1 54.4 50.0 50.1 51.3 57.5 50.5 45.6 44.7 42.8 33.8 33.1 35.6 46.2 34.4 34.1 35.5 49.5 33.3 43.0 53.5 45.3 43.5 47.8 - - - - - -

All numbers in USD currency

Multiples are an important financial analysis tool for the company Lockheed Martin Corporation, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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