Friday 6 November 2026 Export LMT’s income statement to Excel — free account

Lockheed Martin Corporation

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%

Follow LMT

Alert me

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 Segments Valuation Filings

Lockheed Martin Corporation (LMT) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Lockheed Martin Corporation (LMT) trades at a P/E ratio of 20.4×. Over the past ten years it has ranged from 12.5× (March 2020) to 52.2× (February 2018); the current reading is higher than 66% of that period. That is below the Aerospace & Defense industry median of 28.5× and below the Industrials sector median of 23.3×.

Embed this chart

Code for your page

<iframe src="https://stockrow.com/embed/LMT/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Lockheed Martin Corporation P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/LMT/metrics/pe-ratio">Lockheed Martin Corporation (LMT) P/E ratio — stockrow.com</a></p>

Period	P/E ratio	Change
FY2025	22.4×	3.18%
FY2024	21.7×	31.75%
FY2023	16.5×	(24.70%)
FY2022	21.9×	40.83%
FY2021	15.6×	6.96%
FY2020	14.5×	(17.50%)
FY2019	17.6×	19.48%
FY2018	14.8×	(67.94%)
FY2017	46.0×	216.01%
FY2016	14.6×	(22.12%)

Period	P/E ratio	Change
Sep 2026	18.0×	(3.65%)
Jun 2026	18.7×	(35.88%)
Mar 2026	29.2×	29.96%
Dec 2025	22.4×	(19.25%)
43 more quarters	Free account

Against its own ten years

Low 12.5× High 52.2×

Ten-year median 18.4×

Current reading's percentile 63

Company	P/E ratio
NOC Northrop Grumman Corporation compare	16.5×
BA The Boeing Company compare	17.9×
LMT Lockheed Martin Corporation	20.4×
GD General Dynamics Corporation compare	20.7×
RTX RTX Corporation compare	30.9×
GE GE Aerospace compare	36.0×
TDG Transdigm Group Incorporated compare	36.1×
HWM Howmet Aerospace Inc. compare	39.3×
HONA Honeywell Aerospace inc. compare	—
Aerospace & Defense industry median	28.5×
Industrials sector median	23.3×
Market median	17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

Lockheed Martin Corporation (LMT) P/E ratio

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on LMT

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on LMT

Stockrow Weekly