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LMT

Lockheed Martin Corporation

LMT

NYSE·Industrials·Aerospace & Defense·Mkt cap $120.3B

$543.83

▲ +4.22%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$410.11 - $692.00

P/E

26.34

Fwd P/E

16.98

Beta

0.11

Div Yield

2.62%

Avg Vol

1.4M

Shares Out

230.6M

Mkt Cap

$120.3B

Price action

Price chart

Up 12.8% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

4 reasons

  • Established government relationships
  • Advanced technological capabilities
  • Diversified defense and aerospace portfolio
  • Long-term defense contract stability
▼

Bear Case

1 risk

  • Low volatility (beta 0.1).

Growth

Moderate growth ahead

Increasing global military modernization

Value

Deep value opportunity - significant discount to Defense Prime Contractors peers

Momentum

Weak

-16.2% over 3m

Quality

Thin

Strong fundamentals

Dividend

Solid

2.62% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 20, 2026

“
Q2 26 RECAP

APR 23, 2026

Reported EPS of $6.44 vs $6.74 consensus (-4.5% surprise). Revenue of $18.0B vs $18.2B expected (-1.1%).

EPS miss
Revenue miss

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-4.5%

Next: Apr 20, 2026

Revenue trend · last 8Q

—

—

-1%

+4%

+0%

+9%

+9%

+0%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$18.1B

$17.1B

$18.6B

$18.0B

$18.2B

$18.6B

$20.3B

$18.0B

Margins · last 8Q

Gross

11.5%

Operating

11.4%

Profit

8.3%

View full earnings history →

Wall Street consensus

9 analysts · 33% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

3

33%

Hold

5

56%

Sell

1

11%

Median Price Target

$624.00

▲ +14.7% vs $543.83

Low $575.00
Median $624.00
High $700.00

Latest: Citi · Jul 1, 2026

4 analysts covering

View full analyst page →

vs Industry

How LMT stacks vs Aerospace & Defense

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.