Lockheed Martin Corporation LMT

519.56 (4.14) (0.79%) as of 25 Sep
Market cap
$120.7B
P/E
19.1×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

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

Against its own ten years

Low 9.2× High 18.6×
Ten-year median 12.7×
Current reading's percentile 44

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)

The full definition of EV/EBITDA →

More on LMT