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.
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Lockheed Martin Corporation (LMT) 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 | Free account |
Against its own ten years
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)
More on LMT
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement