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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.

Revenue
+10.5%
EPS
+446.6%
Free cash flow
+2,044.7%
Total debt
−5.08%

Quarter to June 2026, against a year earlier

636.95 6.64 −1.03%
Market cap
$148.7B
P/E
23.4×
Fwd P/E
20.8×
Dividend yield
2.16%
F-score
6/9
Altman Z
3.32
Beneish M
−2.24
Dividend safety
76/100
Overview Business Profile
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

Lockheed Martin Corporation (LMT) EV/EBITDA

Alert me on EV/EBITDA

As of 30 October 2026, Lockheed Martin Corporation (LMT) trades at a EV/EBITDA of 15.1×. Over the past ten years it has ranged from 9.2× (March 2020) to 18.6× (March 2026); the current reading is higher than 87% of that period. That is below the Aerospace & Defense industry median of 18.9× and above the Industrials sector median of 13.1×.

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 87

EV/EBITDA against peers

Company EV/EBITDA
NOC Northrop Grumman Corporation compare 15.0×
LMT Lockheed Martin Corporation 15.1×
GD General Dynamics Corporation compare 15.7×
LHX L3Harris Technologies Inc compare 16.6×
TDG Transdigm Group Incorporated compare 19.1×
RTX RTX Corporation compare 20.1×
BA The Boeing Company compare 23.7×
GE GE Aerospace compare 24.9×
HWM Howmet Aerospace Inc. compare 29.8×
Aerospace & Defense industry median 18.9×
Industrials sector median 13.1×
Market median 11.2×

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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