LMT
LOCKHEED MARTIN CORP
Industrials • CIK 0000936468
Loading...
Market Cap
$142.61B
P/E (TTM)
29.8x
Rev Growth (TTM)
+4.6%
Net Margin (TTM)
6.4%
FCF Yield (TTM)
4.0%
FCF Margin (TTM)
7.5%
Filings your agent reads
Primary-source SEC disclosures, read end-to-end — every figure traceable to its filing.
8-KMay 20262026-05-13source
10-QQ1 20262026-04-23source
8-KEarnings2026-04-23source
10-KFY 20252026-01-29source
8-KEarnings2026-01-29source
Point your agent at LMT and it navigates these the same way — citing each number back to the filing.
Cash Flow Health
Free Cash Flow6/8 positive
TTM$5.7B
Q1 '26
$-291M-111%
Q4 '25
$2.8B-18%
FCF Margin
TTM7.5%
Q1 '26-1.6%-112%
Sector: 4.8%Above Avg
OCF Margin9.8%
OCF/NI1.54x
CapEx Coverage4.3x
FCF Yield4.0%
FCF Growth (2Y)-3%
Cash Conversion Cycle
15 days
DSO: 16+DIO: 20−DPO: 21
Capital Allocation & Returns
Balanced
Total Shareholder YieldTTM
TTM3.8%
Div Yield2.2%
+Buyback (TTM)1.6%
Balancing returns with reinvestment
Dividend & Payout Metrics
Dividend Yield (TTM)2.2%
FCF Payout Ratio55.2%
Free Cash Flow (TTM)$5.7B
Stock Repurchases (TTM)$2.3B
Capital Return / FCF95.4%
Est. Dividends Paid (TTM)$3.1B
Shows how management rewards shareholders
Operational Efficiency & Returns
Return on Invested CapitalTTM
22.3%
Moderate
-0.0% YoY+0.9%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
8.4%
8Q: 10.0%
Asset Turnover
1.27x
8Q: 1.27x
Leverage (1+D/E)
3.76x
D/E: 2.76x
DuPont: 39.9% ≈ 22.3% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
8.28x
8Q:8.46x
-43.1%
Invested Cap Turn
3.10x
8Q:2.91x
+35.2%
CapEx Intensity
7.0%
8Q:7.0%
Asset-based ROIC formula
Valuation Analysis
Fair Value
Price-to-EarningsTTM
29.8x
Volatile
8Q: 84.2x-90%
Valuation Lenses
Earnings
29.8x
vs – sector
Cash Flow
28.6x
EV/FCF vs –
Growth-Adj
–PEG
N/A
Quality-Adj
1.3P/E per %ROIC
ROIC: 22.3%
Shareholder Returns
Dividend
2.2%
Buyback
1.6%
Total Yield
3.8%
Market Cap$142.61B
EV$161.79B
Multi-angle valuation analysis with sector context
Business Quality & Moat
Overall Quality Score
87/100
Exceptional
Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)
Returns on Capital
Return on Equity (ROE)Top 10%
75.7%
8Q:–
Return on Invested Capital (ROIC)Top 25%
22.3%
8Q:–
Flat
vs Sector:0.1%
DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)
NOPAT Margin: 8.4%
Asset Turnover: 1.27x
Earnings Quality
Cash Conversion
1.54x
OCF / Net Income ✓
FCF Consistency
–
Positive quarters
Competitive Moat Indicators
Pricing Power
Gross Margin9.8%
Capital Efficiency
Invested Capital Turnover3.10x
Working Capital
Cash Conversion Cycle15 days
Growth Quality & Momentum
Moderate Growth
Growth Quality Score
53/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%
Growth Rates
Revenue Growth YoY
4.6%
OpInc Growth YoY
-13.0%
EPS Growth YoY
-11.0%
FCF 3Y CAGR
-3.3%
Margin Quality & Sustainability
Moderate
Profitability Cascade
Gross
9.8%
Operating
9.9%
Above Avg in sector
Net
6.4%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
+1.2 pts
FCF: 7.5% | Net: 6.4%
Quality = stability + cash conversion + low dilution
Balance Sheet & Solvency
Leveraged
Net Debt / EBITDA
–Net Debt: $18.80B
Interest Coverage
–
Leverage Metrics
Debt-to-Equity
2.76x
Balance sheet risk & solvency analysis