Pricing Log in Create free account
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) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, Lockheed Martin Corporation (LMT) trades at a P/B ratio of 14.5×. Over the past ten years it has ranged from 0.0× (June 2018) to 206× (September 2018); the current reading is higher than 25% of that period. That is above the Aerospace & Defense industry median of 2.6× and above the Industrials sector median of 2.2×.

P/B ratio, daily

Embed this chart

Annual newest first

Period P/B ratio Change
FY2025 16.7× (8.42%)
FY2024 18.3× 9.47%
FY2023 16.7× 22.91%
FY2022 13.6× 51.61%
FY2021 9.0× (45.55%)
FY2020 16.5× (52.46%)
FY2019 34.6× (32.64%)
FY2018 51.4× —
FY2017 0.0× —
FY2016 47.2× 116.98%

Quarterly newest first

Period P/B ratio Change
Jun 2026 13.4× (27.91%)
Mar 2026 18.6× 10.80%
Dec 2025 16.7× (10.59%)
Sep 2025 18.7× (7.62%)
42 more quarters

Against its own ten years

Low 0.0× High 206×
Ten-year median 18.7×
Current reading's percentile 24

P/B ratio against peers

Company P/B ratio
TDG Transdigm Group Incorporated compare n/m
LHX L3Harris Technologies Inc compare 2.3×
GD General Dynamics Corporation compare 3.5×
RTX RTX Corporation compare 3.8×
NOC Northrop Grumman Corporation compare 4.1×
LMT Lockheed Martin Corporation 14.5×
HWM Howmet Aerospace Inc. compare 15.4×
GE GE Aerospace compare 18.3×
BA The Boeing Company compare 24.6×
Aerospace & Defense industry median 2.6×
Industrials sector median 2.2×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

More on LMT