Lockheed Martin Corporation (LMT) Financial Analysis

In short

Lockheed Martin Corporation (LMT) has revenue up 5.6% to $75.0B and net income down 6.0% to $5.0B year on year. Its net margin is 6.7% and gross margin 10.2%, and it trades at 18.4× trailing earnings. Fisclear flags 1 high-severity risk, led by: Total liabilities are 89% of total assets — the balance sheet is heavily leveraged with limited equity cushion. How we calculate this

Compare: BA vs LMT · LMT vs RTX · LMT vs NOC · GD vs LMT

Valuation

Industrials

Live · Yahoo Finance

Price

$551.51

Market Cap

$127.3B

P/E (TTM)

20.3x

Price ÷ earnings per share

P/B

14.5x

Price ÷ book value

P/S (TTM)

1.7x

Price ÷ revenue per share

EV / EBITDA

14.9x

Beta

0.10

Low volatility vs market

Dividend Yield

2.61%

PEG Ratio

1.0x

P/E ÷ earnings growth rate

52-Week Range

$437.25$551.51 now$692.00

Decision Context

Market appears to be pricing in less growth than this company's historical average, suggesting potential upside if the trajectory continues. Quality and efficiency scores support the business case.

Based on filing period ending Jun 2026

FisclearScore is a quantitative model using public financial data and sector median benchmarks (refreshed monthly). Not financial advice. Always conduct independent due diligence.

LMT vs

Macro Context

Fed Funds Rate

3.75%

Accommodative

10-Year Treasury

4.99%

2026-09-01

Unemployment

4.2%

Near full employment

CPI Index

334.1

2026-08-01

M2 Money Supply

$23.3T

2026-08-01

The Federal Funds rate stands at 3.75% — a moderately elevated rate environment that raises borrowing costs across the economy; 10-year Treasury yields are at 4.99%, setting the benchmark for long-term corporate borrowing; Unemployment stands at 4.2%; Industrial production index is at 103.1; M2 money supply is $23.3T; CPI index stands at 334.1.

SWOT Analysis — LMT

Inflationary Boom

Macro lens (Inflationary Boom): Rising costs and tighter margins amplify financial risks in this regime.

✦

Strengths

Operating Cash Flow: $8.6B (+22.7% YoY) — Operating cash flow grew 23% — the business generated more cash from day-to-day operations.
Gross Profit: $7.6B (+9.9% YoY) — Gross profit rose 10% — the spread between revenue and direct costs improved.
Total Assets: $59.8B (+7.6% YoY) — Total assets grew 8% — the company's resource base expanded.
Revenue: $75.0B (+5.6% YoY) — Revenue grew 6% — the company sold more goods or services than the prior year.

◈

Weaknesses

Net Income: $5.0B (-6.0% YoY) — Profit fell 6% but remained positive.

◎

Opportunities

No clear opportunities identified at this time.

⚠

Threats

Total liabilities are 89% of total assets — the balance sheet is heavily leveraged with limited equity cushion.
Current ratio of 1.09x — thin liquidity buffer against short-term obligations.

Year-over-Year Changes

Operating Cash Flow

$8.6B

was $7.0B

+22.7%

Operating cash flow grew 23% — the business generated more cash from day-to-day operations.

Gross Profit

$7.6B

was $6.9B

+9.9%

Gross profit rose 10% — the spread between revenue and direct costs improved.

Total Assets

$59.8B

was $55.6B

+7.6%

Total assets grew 8% — the company's resource base expanded.

Net Income

$5.0B

was $5.3B

−6.0%

Profit fell 6% but remained positive.

Revenue

$75.0B

was $71.0B

+5.6%

Revenue grew 6% — the company sold more goods or services than the prior year.

Risk Flags

1 high · 1 medium · 0 low

⚠ High
Total liabilities are 89% of total assets — the balance sheet is heavily leveraged with limited equity cushion.
◈ Medium
Current ratio of 1.09x — thin liquidity buffer against short-term obligations.

Technical Signals

Daily closes · 1-year data

Lockheed Martin Corporation: common questions

Is Lockheed Martin Corporation profitable?

Yes. Lockheed Martin Corporation made a net profit of $5.0B in its latest fiscal year (fiscal 2025), a net margin of 6.7%.

Is Lockheed Martin Corporation's revenue growing?

Yes. Revenue grew 5.6% year on year, to $75.0B.

What is Lockheed Martin Corporation's P/E ratio?

Lockheed Martin Corporation trades at 20.3× its trailing twelve-month earnings. In other words, the share price is about 20 times the profit per share the company earned over the past year.

Does Lockheed Martin Corporation pay a dividend?

Yes. Lockheed Martin Corporation's forward dividend yield is 2.61%, the expected annual dividend as a share of the current share price.

What are the main risks for Lockheed Martin Corporation?

Fisclear's checks flag 2 medium- or high-severity risks. The most serious: Total liabilities are 89% of total assets — the balance sheet is heavily leveraged with limited equity cushion.

Answers are generated from the figures in this report (updated 9 Oct 2026). Information, not investment advice.