LMT
LOCKHEED MARTIN CORP
Industrials • NYSE • CIK 0000936468
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Market Cap
$117.53B
P/E (TTM)
18.7x
Rev Growth (TTM)
+7.2%
Net Margin (TTM)
8.2%
FCF Yield (TTM)
7.4%
FCF Margin (TTM)
11.3%
Figures as of June 28, 2026
Filings
Primary-source SEC disclosures, read end-to-end — every figure traceable to its filing.
8-KAug 20262026-08-27source
10-Q2026 Q22026-07-23source
8-KEarnings2026-07-23source
8-KMay 20262026-05-12source
10-Q2026 Q12026-04-23source
What your agent reads
Investor Relations
Company-published material — management’s own words, not SEC-audited. Each source below is labeled so your agent knows what to verify.
Company-published, not SEC-audited
Earnings
Q2
2 months ago
8-K releaseRevenue
$20.06B
+10.5%
Net Income
$1.84B
+436.8%
EPS
$7.94
+443.8%
Most recent quarterly earnings snapshot
Cash Flow Health
Free Cash Flow6/8 positive
TTM$8.7B
Q2 '26
$2.9B+1102%
Q1 '26
$-291.0M-111%
FCF Margin
TTM11.3%
Q2 '2614.5%+1000%
Sector: 6.1%Top 25%
OCF Margin
13.5%
OCF/NI1.65x
CapEx Coverage
6.2x
FCF Yield7.4%
FCF Growth (3Y)+13%
Cash Conversion Cycle
15 days
DSO: 16+DIO: 21−DPO: 22
Cash flow trends & capital efficiency
Capital Allocation
Total Shareholder YieldTTM
TTM4.2%
Div Yield2.7%
+Buyback (TTM)1.5%
Dividend & Payout Metrics
Dividend Yield (TTM)2.7%
FCF Payout Ratio36.1%
Free Cash Flow (TTM)$8.7B
Stock Repurchases (TTM)$1.8B
Capital Return / FCF56.1%
Shares Outstanding (YoY)-1.1%↓ Buyback
Est. Dividends Paid (TTM)$3.2B
Shows how management rewards shareholders
Valuation Metrics
Price-to-EarningsTTM
18.7x
Volatile
8Q: 20.9x-1933%
Valuation Lenses
Earnings
18.7x
vs – sector
Cash Flow
15.4x
EV/FCF vs –
Growth-Adj
0.4xPEG
Undervalued for growth
Quality-Adj
0.7P/E per %ROIC
ROIC: 27.3%
Shareholder Returns
Dividend
2.7%
Buyback
1.5%
Total Yield
4.2%
Market Cap$117.53B
EV$134.28B
Multi-angle valuation analysis with sector context
Margins & Efficiency
ROIC 75th pctile
Profitability Cascade
Gross
11.8%
Operating
11.9%
Above Avg in sector
Net
8.2%
Margins Unknown
Return on Invested CapitalTTM
27.3%
Moderate
+0.1% YoY8Q: 27.3%+7.8%
P25MedianP75
75th pctl (med: 7.2%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
10.1%
8Q: 10.2%
Asset Turnover
1.28x
8Q: 1.27x
Leverage (1+D/E)
3.34x
D/E: 2.34x
DuPont: 43.2% ≈ 27.3% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
7.92x
8Q:8.30x
-97.5%
Invested Cap Turn
3.00x
8Q:2.91x
+15.0%
CapEx Intensity
6.5%
8Q:7.0%
FCF vs Net Margin Gap+3.2 pts
Margin trends, ROIC, and capital efficiency
Balance Sheet & Solvency
D/E 2.34x
Net Debt / EBITDA
–Net Debt: $16.75B
Interest Coverage
8.2x
+Strong interest coverage: 8.2x
Leverage Metrics
Debt-to-Equity
2.34x
Balance sheet risk & solvency analysis
Related Research
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