Lockheed Martin Corporation (LMT) AI Stock Analysis

Lockheed Martin Corporation researches, designs, develops, manufactures, integrates, and sustains advanced technology systems, products, and services across four operating segments. Its Aeronautics segment builds combat aircraft, air mobility aircraft, and unmanned air vehicles. The Missiles and Fire Control segment provides air and missile defense systems, tactical missiles, precision strike weapons, and logistics support. Rotary and Mission Systems delivers military and commercial helicopters, surface ships, naval and land missile defense, radar systems, cyber solutions, and simulation training. The Space segment designs and manufactures satellites, space transportation systems, and strategic defense systems.

Between FY2020 and FY2025, Lockheed Martin delivered a revenue compound annual growth rate of 2.8%. Annual revenue rose from $67.04B in FY2021 to $75.06B in FY2025, despite a 1.6% decline in FY2022. Net income decreased from $6.32B in FY2021 to $5.02B in FY2025, with operating margin compressing from 13.6% to 10.3%. Over the trailing twelve months, revenue reached $77.01B with an operating margin of 12.0% and a net profit margin of 8.2%. In the latest quarter ending June 30, 2026, quarterly revenue grew 10.5% year-over-year, while quarterly earnings expanded by 443.8%.

As of June 30, 2026, Lockheed Martin held $3.79B in cash and short-term investments against $20.54B in total debt, resulting in net debt of $16.75B. The company recorded a current ratio of 1.19 and a debt-to-equity ratio of 2.34 on shareholders' equity of $8.77B. In FY2025, operating cash flow stood at $8.56B and free cash flow reached $6.91B. Capital allocation during FY2025 included $1.65B in capital expenditures, $3.00B deployed to share buybacks, and $3.13B paid in dividends, contributing to a 15.7% reduction in share count over five years.

Lockheed Martin trades at a trailing P/E of 20.3x and a forward P/E of 16.2x, both below the median of its S&P 500 Industrials peers of 28.5x and 20.7x, respectively. Its enterprise value-to-EBITDA multiple is 13.8x compared to the peer median of 17.7x, and its price-to-sales multiple is 1.7x against the peer median of 3.3x. The stock has a PEG ratio of 1.02 and a price-to-book ratio of 14.2x. Over the past year, Lockheed Martin gained 14.8%, trailing the S&P 500 return of 16.8%, while its five-year return of 72.6% sits below the S&P 500 return of 83.0%.

Lockheed Martin pays a quarterly dividend with a forward annualized payout of $14.40 per share, representing a 2.61% dividend yield. The dividend is supported by a payout ratio of 50.9%. The company has paid dividends for 43 consecutive years and achieved a five-year annualized dividend growth rate of 6.4%. Its last ex-dividend date is recorded as December 1, 2026.

Wall Street coverage includes 8 Strong Buy, 2 Buy, 12 Hold, 0 Sell, and 1 Strong Sell ratings. The mean price target is $618.86, representing a 12.1% upside from the last close of $552.09. For the current fiscal year ending December 31, 2026, analysts estimate EPS of $30.42 on revenue of $80.99B. For the next fiscal year, 19 analysts project EPS of $32.73 and revenue of $85.60B. Lockheed Martin has beaten EPS estimates in 3 of the last 4 quarters, with its next earnings date scheduled for October 22, 2026.

This page is an AI-written research summary of Lockheed Martin Corporation (LMT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: LMT income statement, LMT balance sheet, LMT key metrics, LMT analyst forecast, LMT chart. See the LMT stock overview for the latest quote and news.