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Friday 6 November 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.

Revenue
+11.3%
EPS
+14.6%
Free cash flow
−10.4%
Total debt
−7.62%

Quarter to September 2026, against a year earlier

577.58 17.46 −2.93%
Market cap
$133.1B
P/E
20.4×
Fwd P/E
20.8×
Dividend yield
2.39%
F-score
6/9
Altman Z
3.32
Beneish M
−2.24
Dividend safety
76/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
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Lockheed Martin Corporation (LMT) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Lockheed Martin Corporation (LMT) trades at a P/B ratio of 13.2×. Over the past ten years it has ranged from 0.0× (June 2018) to 206× (September 2018); the current reading is higher than 22% of that period. That is above the Aerospace & Defense industry median of 2.7× and above the Industrials sector median of 2.2×.

P/B ratio, daily

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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
Sep 2026 11.7× (12.79%)
Jun 2026 13.4× (27.91%)
Mar 2026 18.6× 10.80%
Dec 2025 16.7× (10.59%)
43 more quarters

Against its own ten years

Low 0.0× High 206×
Ten-year median 18.6×
Current reading's percentile 21

P/B ratio against peers

Company P/B ratio
TDG Transdigm Group Incorporated compare n/m
HONA Honeywell Aerospace inc. compare n/m
GD General Dynamics Corporation compare 3.5×
RTX RTX Corporation compare 3.7×
NOC Northrop Grumman Corporation compare 4.0×
LMT Lockheed Martin Corporation 13.2×
HWM Howmet Aerospace Inc. compare 13.9×
GE GE Aerospace compare 18.3×
BA The Boeing Company compare 20.9×
Aerospace & Defense industry median 2.7×
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 →

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