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Saturday 17 October 2026 Export LMT’s income statement to Excel — free account

Lockheed Martin Corporation

LMT Industrials Aerospace & Defense

Lockheed Martin Corporation’s revenue for fiscal 2025 (year ended December 2025) was $75.0 billion, up 5.64% from fiscal 2024. In the quarter to June 2026, revenue grew 10.5%, EPS grew 446.6%, free cash flow grew 2,044.7% and total debt fell 5.08%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years, revenue growth for three.

552.09 19.45 +3.65%
Market cap
$122.9B
P/E
20.3×
Fwd P/E
17.5×
Dividend yield
2.50%
F-score
6/9
Altman Z
3.32
Beneish M
−2.24
Dividend safety
76/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Lockheed Martin Corporation (LMT) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, Lockheed Martin Corporation (LMT) trades at a EV/EBITDA of 13.3×. Over the past ten years it has ranged from 9.2× (March 2020) to 18.6× (March 2026); the current reading is higher than 66% of that period. That is below the Aerospace & Defense industry median of 18.1× and above the Industrials sector median of 12.6×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 13.8× (11.34%)
FY2024 15.6× 18.95%
FY2023 13.1× (8.04%)
FY2022 14.2× 39.09%
FY2021 10.2× (6.14%)
FY2020 10.9× (12.17%)
FY2019 12.4× 20.18%
FY2018 10.3× (20.37%)
FY2017 13.0× 3.90%
FY2016 12.5× (12.08%)

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 12.4× (28.52%)
Mar 2026 17.3× 25.33%
Dec 2025 13.8× (20.08%)
Sep 2025 17.3× 2.27%
42 more quarters

Against its own ten years

Low 9.2× High 18.6×
Ten-year median 12.7×
Current reading's percentile 66

EV/EBITDA against peers

Company EV/EBITDA
LMT Lockheed Martin Corporation 13.3×
NOC Northrop Grumman Corporation compare 14.0×
GD General Dynamics Corporation compare 14.6×
LHX L3Harris Technologies Inc compare 15.1×
TDG Transdigm Group Incorporated compare 19.0×
RTX RTX Corporation compare 19.6×
BA The Boeing Company compare 25.9×
GE GE Aerospace compare 25.9×
HWM Howmet Aerospace Inc. compare 32.8×
Aerospace & Defense industry median 18.1×
Industrials sector median 12.6×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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