Lockheed Martin Corporation LMT
- Market cap
- $120.7B
- P/E
- 19.1×
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Lockheed Martin Corporation (LMT) EV/EBITDA
As of 25 September 2026, Lockheed Martin Corporation (LMT) trades at a EV/EBITDA of 12.6×. Over the past ten years it has ranged from 9.2× (March 2020) to 18.6× (March 2026); the current reading is higher than 44% of that period. That is below the Aerospace & Defense industry median of 18.7× and in line with the Industrials sector median of 12.9×.
EV/EBITDA, daily
Annual
| 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
| 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 | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| RKLB Rocket Lab Corporation compare | n/m |
| LMT Lockheed Martin Corporation | 12.6× |
| NOC Northrop Grumman Corporation compare | 13.8× |
| GD General Dynamics Corporation compare | 14.3× |
| LHX L3Harris Technologies Inc compare | 14.6× |
| TDG Transdigm Group Incorporated compare | 18.7× |
| RTX RTX Corporation compare | 19.1× |
| BA The Boeing Company compare | 26.8× |
| HWM Howmet Aerospace Inc. compare | 34.5× |
| Aerospace & Defense industry median | 18.7× |
| Industrials sector median | 12.9× |
| 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)
More on LMT
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement