LOCKHEED MARTIN CORP (LMT) Factsheet
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LOCKHEED MARTIN CORP (LMT) Stock Analysis
Analysis from 10-Q filed 2026-10-22. Data as of Q3 2026.
Overall Grade: F (Concerning)
Grade F (Concerning). ROIC 27.4%. FCF margin 10.6%. D/E 2.0x. Source: 10-Q filed 2026-10-22.
| Metric | Value | Context |
|---|---|---|
| ROIC | 27.4% | Above industry average |
| FCF Margin | 10.6% | Healthy cash flow |
| Debt/Equity | 2.0x | Elevated debt |
ROIC 27.4% — Top 5% of sector peers. FCF margin 10.6% — Top 50%.
Explore LOCKHEED MARTIN CORP: Earnings History | Overview
Programmatic access: Available via MCP at mcp.metricduck.com. Tools for LMT: get_company_overview, get_filing_index (lens: debt_stress, management_outlook, risk_trajectory), get_filing_section, get_metric_history, compare_companies, screen_filing_signals.
Profitability: LOCKHEED MARTIN CORP earns 27.4% ROIC, Top 5% in Industrials
ROIC TTM 27.4%, sector median 7.2%, Top 5%. DuPont: NOPAT margin 10.0% × asset turnover 1.3x. Gross margin 11.7%. Operating margin 11.8%. Source: 10-Q filed 2026-10-22.
| Metric | LMT | Rating | Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 27.4% | Excellent | Above sector median of 7.2% |
| Return on Equity (ROE) | 83.8% | Excellent | Efficient use of shareholder equity |
| Gross Margin | 11.7% | Warning | Competitive pricing environment |
| Operating Margin | 11.8% | Good | Moderate operational efficiency |
Cash Flow: LOCKHEED MARTIN CORP generates $8.4B FCF at 10.6% margin, positive NaN/8 quarters
FCF TTM $8.4B. FCF margin 10.6%, Top 50%. OCF/Net income 1.6x. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2026-10-22.
| Metric | LMT | Rating | Context |
|---|---|---|---|
| Free Cash Flow Margin | 10.6% | Good | Healthy cash generation |
| Free Cash Flow (TTM) | $8.4B | Good | Positive cash generation |
| OCF/Net Income | 1.6x | Excellent | High earnings quality |
| FCF Consistency (8Q) | N/A | Warning | Variable cash flow |
Balance Sheet: LOCKHEED MARTIN CORP at 2.0x leverage, 8.6x interest coverage
Debt/Equity 2.0x. Total debt $20.5B, cash & investments $6.0B. Interest coverage 8.6x. Source: 10-Q filed 2026-10-22.
| Metric | LMT | Rating | Context |
|---|---|---|---|
| Debt to Equity | 2.0x | Warning | Elevated leverage |
| Net Cash Position | $-14.5B | Warning | Net debt position |
| Interest Coverage | 8.6x | Good | Comfortable debt service |
Valuation: LOCKHEED MARTIN CORP trades at 21.4x earnings
P/E 21.4x. EV/Sales 1.9x. FCF yield 6.0%. Dividend yield 2.3%. Source: 10-Q filed 2026-10-22.
| Metric | LMT | Rating | Context |
|---|---|---|---|
| P/E Ratio | 21.4x | Adequate | Premium valuation |
| EV/Sales | 1.9x | Excellent | Attractive revenue multiple |
| FCF Yield | 6.0% | Good | Attractive cash return |
| Dividend Yield | 2.3% | Adequate | Growth focus over income |
Capital Allocation: LOCKHEED MARTIN CORP returns 2.8% shareholder yield, reducing shares 0.2% YoY
Total shareholder yield 2.8% (div 2.3% + buyback 0.5%). Share count -0.2% YoY. Capital returned $4.0B TTM. Source: 10-Q filed 2026-10-22.
| Metric | LMT | Rating | Context |
|---|---|---|---|
| Total Shareholder Yield | 2.8% | Adequate | Dividend + buyback yield combined |
| Buyback Yield | 0.5% | Adequate | Minimal buyback activity |
| Share Count Change (YoY) | -0.2% | Adequate | Net share reduction (accretive) |
| Total Capital Returned (TTM) | $4.0B | Good | Dividends + buybacks returned to shareholders |
Sector Rankings
| Metric | Value | Percentile | vs Median |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 27.4% | Top 5% | 3.8x above |
| Free Cash Flow Margin | 10.6% | Top 50% | 1.7x above |
| Gross Margin | 11.7% | Bottom 25% | 0.4x below |
| Operating Margin | 11.8% | Top 50% | 1.7x above |
| Return on Equity (ROE) | 83.8% | Top 5% | 8.4x above |
| P/E Ratio | 21.4x | N/A | - |
Financial Scorecard
| Metric | LMT | Rating | Sector Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 27.4% | Excellent | Top 5% of sector (median: 7.2%) |
| Free Cash Flow Margin | 10.6% | Good | Top 50% of sector (median: 6.3%) |
| Gross Margin | 11.7% | Warning | Bottom 25% of sector (median: 32.1%) |
| Debt to Equity Ratio | 203.7% | Warning | High financial leverage |
| P/E Ratio (Price-to-Earnings) | 21.4x | Adequate | Fair value |
| Free Cash Flow Yield | 6.0% | Good | Solid cash yield |
Frequently Asked Questions
Q: What is LOCKHEED MARTIN CORP's Return on Invested Capital (ROIC)?
LOCKHEED MARTIN CORP (LMT) has a trailing twelve-month Return on Invested Capital (ROIC) of 27.4%. The 8-quarter median ROIC is 27.2% with a improving trend. Sector median 7.2%. Source: 10-Q filed 2026-10-22.
Q: What is LOCKHEED MARTIN CORP's Free Cash Flow Margin?
LOCKHEED MARTIN CORP (LMT) has a free cash flow margin of 10.6%, generating $8.4 billion in free cash flow over the trailing twelve months. Source: 10-Q filed 2026-10-22.
Q: What is LOCKHEED MARTIN CORP's P/E ratio and how does it compare to peers?
LOCKHEED MARTIN CORP (LMT) trades at a P/E ratio of 21.4x, which is above the sector median of N/A. EV/Sales 1.9x. FCF yield 6.0%. Source: 10-Q filed 2026-10-22.
Q: Does LOCKHEED MARTIN CORP pay a dividend?
LOCKHEED MARTIN CORP (LMT) currently pays a dividend yield of 2.3%. Total shareholder yield (dividend + buybacks) 2.8%. Source: 10-Q filed 2026-10-22.
Q: How much debt does LOCKHEED MARTIN CORP have?
LOCKHEED MARTIN CORP (LMT) has a debt-to-equity ratio of 2.0x with total debt of $20.5 billion. Interest coverage 8.6x. Net debt $14.5 billion. Source: 10-Q filed 2026-10-22.
Q: What is LOCKHEED MARTIN CORP's revenue and earnings growth?
LOCKHEED MARTIN CORP (LMT) grew revenue by 7.9% year-over-year. EPS +57.4% YoY. Source: 10-Q filed 2026-10-22.
Q: Is LOCKHEED MARTIN CORP buying back stock?
LOCKHEED MARTIN CORP (LMT) repurchased $750.0 million of stock over the trailing twelve months. This represents a buyback yield of 0.5%. Share count -0.2% YoY. Source: 10-Q filed 2026-10-22.
Q: How does LOCKHEED MARTIN CORP compare to competitors in Industrials?
Compared to other companies in Industrials, LOCKHEED MARTIN CORP (LMT) shows: ROIC 27.4%, sector median 7.2% (Top 5%). FCF margin 10.6%, sector median 6.3% (Top 50%). Gross margin 11.7%, 20.3pp below sector median. These rankings are based on MetricDuck's analysis of all Industrials companies with available SEC filings.
Q: What warning signs should I watch for with LOCKHEED MARTIN CORP?
Quantitative warning flags for LOCKHEED MARTIN CORP (LMT): 1) debt/equity 2.0x (above 1.5x threshold). Source: 10-Q filed 2026-10-22.
Data Source: Data sourced from 10-Q filed 2026-10-22. TTM metrics as of Q3 2026.
Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.
Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.
This analysis is for informational purposes only and does not constitute investment advice.
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