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

Lockheed Martin Corporation (LMT) P/S ratio

Alert me on P/S ratio

As of 16 October 2026, Lockheed Martin Corporation (LMT) trades at a P/S ratio of 1.7×. Over the past ten years it has ranged from 1.3× (March 2020) to 2.1× (March 2026); the current reading is higher than 45% of that period. That is below the Aerospace & Defense industry median of 3.6× and above the Industrials sector median of 1.5×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 1.5× (7.99%)
FY2024 1.6× (3.53%)
FY2023 1.7× (11.47%)
FY2022 1.9× 30.25%
FY2021 1.5× (3.59%)
FY2020 1.5× (17.21%)
FY2019 1.8× 32.49%
FY2018 1.4× (24.49%)
FY2017 1.8× 14.46%
FY2016 1.6× (3.56%)

Quarterly newest first

Period P/S ratio Change
Jun 2026 1.5× (17.69%)
Mar 2026 1.9× 23.36%
Dec 2025 1.5× (4.98%)
Sep 2025 1.6× 4.85%
42 more quarters

Against its own ten years

Low 1.3× High 2.1×
Ten-year median 1.7×
Current reading's percentile 42

P/S ratio against peers

Company P/S ratio
BA The Boeing Company compare 1.6×
LMT Lockheed Martin Corporation 1.7×
GD General Dynamics Corporation compare 1.7×
NOC Northrop Grumman Corporation compare 1.7×
LHX L3Harris Technologies Inc compare 2.0×
RTX RTX Corporation compare 2.8×
GE GE Aerospace compare 6.5×
TDG Transdigm Group Incorporated compare 6.5×
HWM Howmet Aerospace Inc. compare 9.7×
Aerospace & Defense industry median 3.6×
Industrials sector median 1.5×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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