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Lockheed Martin Corporation LMT
Industrials - Aerospace & Defense - NYSE - US
Watchlist
$ 474.36
-0.71 %
$ 111 B
Market Cap
20.17
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one LMT stock under the worst case scenario is HIDDEN Compared to the current market price of 474 USD, Lockheed Martin Corporation is HIDDEN

LMT Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one LMT stock under the base case scenario is HIDDEN Compared to the current market price of 474 USD, Lockheed Martin Corporation is HIDDEN

LMT Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one LMT stock under the best case scenario is HIDDEN Compared to the current market price of 474 USD, Lockheed Martin Corporation is HIDDEN

LMT Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart LMT

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1M 2%
6M -12%
1Y 4%
3Y 21%
5Y 50%
All
$560.0$560.0$540.0$540.0$520.0$520.0$500.0$500.0$480.0$480.0$460.0$460.0$440.0$440.0$420.0$420.015 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '25
FINANCIALS
71 B REVENUE
5.14%
Growth Rates
1Year 5.14%
3Years 1.95%
5Years 3.50%
7Years 4.83%
10Years 4.53%
7.01 B OPERATING INCOME
-17.56%
Growth Rates
1Year -17.56%
3Years -8.39%
5Years -3.87%
7Years 2.45%
10Years 2.29%
5.34 B NET INCOME
-22.89%
Growth Rates
1Year -22.89%
3Years -5.46%
5Years -3.05%
7Years 15.03%
10Years 3.97%
6.97 B OPERATING CASH FLOW
-11.97%
Growth Rates
1Year -11.97%
3Years -8.90%
5Years -0.95%
7Years 1.06%
10Years 6.07%
-1.79 B INVESTING CASH FLOW
-5.79%
Growth Rates
1Year -5.79%
3Years -15.57%
5Years -7.63%
7Years -6.58%
10Years -0.39%
-4.14 B FINANCING CASH FLOW
43.54%
Growth Rates
1Year 43.54%
3Years 18.39%
5Years 4.93%
7Years 0.56%
10Years -2.25%
18 B REVENUE
-3.54%
Growth Rates
1Year 5.14%
3Years 1.95%
5Years 3.50%
7Years 4.83%
10Years 4.53%
2.37 B OPERATING INCOME
240.80%
Growth Rates
1Year -17.56%
3Years -8.39%
5Years -3.87%
7Years 2.45%
10Years 2.29%
1.71 B NET INCOME
224.86%
Growth Rates
1Year -22.89%
3Years -5.46%
5Years -3.05%
7Years 15.03%
10Years 3.97%
1.41 B OPERATING CASH FLOW
37.73%
Growth Rates
1Year -11.97%
3Years -8.90%
5Years -0.95%
7Years 1.06%
10Years 6.07%
-430 M INVESTING CASH FLOW
48.69%
Growth Rates
1Year -5.79%
3Years -15.57%
5Years -7.63%
7Years -6.58%
10Years -0.39%
-1.66 B FINANCING CASH FLOW
-94.49%
Growth Rates
1Year 43.54%
3Years 18.39%
5Years 4.93%
7Years 0.56%
10Years -2.25%
Balance Sheet Lockheed Martin Corporation
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Current Assets 21.8 B
Cash & Short-Term Investments 2.48 B
Receivables 15.3 B
Other Current Assets 4.06 B
Non-Current Assets 33.8 B
Long-Term Investments 0
PP&E 8.73 B
Other Non-Current Assets 25 B
4.46 %27.52 %7.30 %15.69 %45.03 %Total Assets$55.6b
Current Liabilities 19.4 B
Accounts Payable 2.22 B
Short-Term Debt 643 M
Other Current Liabilities 16.6 B
Non-Current Liabilities 29.9 B
Long-Term Debt 19.6 B
Other Non-Current Liabilities 10.2 B
4.51 %33.59 %39.82 %20.77 %Total Liabilities$49.3b
EFFICIENCY
Earnings Waterfall Lockheed Martin Corporation
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Revenue 71 B
Cost Of Revenue 64.1 B
Gross Profit 6.93 B
Operating Expenses -83 M
Operating Income 7.01 B
Other Expenses 1.68 B
Net Income 5.34 B
80b80b70b70b60b60b50b50b40b40b30b30b20b20b10b10b0071b(64b)7b83m7b(2b)5bRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
9.75% GROSS MARGIN
9.75%
Averages
1Year 9.75%
3Years 11.62%
5Years 12.32%
7Years 12.76%
10Years 12.26%
9.87% OPERATING MARGIN
9.87%
Averages
1Year 9.87%
3Years 11.70%
5Years 12.39%
7Years 12.84%
10Years 12.50%
7.51% NET MARGIN
7.51%
Averages
1Year 7.51%
3Years 8.81%
5Years 9.26%
7Years 9.44%
10Years 8.91%
84.26% ROE
84.26%
Averages
1Year 84.26%
3Years 82.45%
5Years 83.72%
7Years 139.97%
10Years 115.40%
9.59% ROA
9.59%
Averages
1Year 9.59%
3Years 11.21%
5Years 11.90%
7Years 11.98%
10Years 10.66%
16.33% ROIC
16.33%
Averages
1Year 16.33%
3Years 18.67%
5Years 19.22%
7Years 19.58%
10Years 16.62%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Lockheed Martin Corporation
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8b8b7b7b6b6b5b5b4b4b3b3b2b2b1b1b0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 5.34 B
Depreciation & Amortization 1.56 B
Capital Expenditures -1.68 B
Stock-Based Compensation 277 M
Change in Working Capital 0
Others 388 M
Free Cash Flow 5.29 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Lockheed Martin Corporation
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Wall Street analysts predict an average 1-year price target for LMT of $582 , with forecasts ranging from a low of $434 to a high of $704 .
LMT Lowest Price Target Wall Street Target
434 USD -8.51%
LMT Average Price Target Wall Street Target
582 USD 22.68%
LMT Highest Price Target Wall Street Target
704 USD 48.41%
Price
Max Price Target
Min Price Target
Average Price Target
750750700700650650600600550550500500450450400400Jun '24Jun '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
0.76% DIVIDEND YIELD
3.3 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
14.0014.0012.0012.0010.0010.008.008.006.006.004.004.002.002.000.000.001.51.651.8222.22.42.62.833.153.31.51.651.8222.22.42.62.833.151.51.651.8222.22.42.62.833.151.656.151.826.7727.462.28.202.49.002.69.802.810.60311.403.1512.153.312.753.302015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 7
6. Ownership
Insider Ownership Lockheed Martin Corporation
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Sold
0-3 MONTHS
3.85 M USD 3
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
3.82 M USD 2
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Lockheed Martin CFO to Speak at the Bank of America Industrials, Transportation & Airlines Key Leaders Conference 2025 BETHESDA, Md. , May 7, 2025 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) CFO Evan Scott will participate in a fireside chat at the Bank of America Industrials, Transportation & Airlines Key Leaders Conference 2025 on Wednesday, May 14 at 1:25 p.m. prnewswire.com - 1 week ago
I Prefer Lockheed Martin Over RTX Amid Military Expenditure Surge Since my last analysis, two key catalysts have been evolving around LMT and RTX stock. The unprecedented rise in global military expenditure and the efforts from DOGE (Department of Government Efficiency) could generate mixed impacts. The positives can more than offset the negatives in my model, leading me to have an overall bullish view toward leading defense companies such as LMT and RTX. seekingalpha.com - 1 week ago
Trump pick for D.C. federal prosecutor opposed by key Republican A key Republican senator said he would not support the nomination of Ed Martin, President Donald Trump's pick to be the U.S. Attorney for the District of Columbia. The decision by Sen. cnbc.com - 1 week ago
Final Trades: Rockwell Automation, Alerian MLP, Lockheed Martin and Stryker The Investment Committee kick off the week with their top picks. Don't miss it! youtube.com - 2 weeks ago
What $1 Trillion for Defense Spending Means for Lockheed and Northrop Grumman Stocks President Donald Trump wants to spend a record amount of money on national defense in fiscal 2026. barrons.com - 2 weeks ago
Why Lockheed Martin Stock Popped, Then Dropped Today Lockheed Martin (LMT -1.82%) is riding the market roller coaster on Friday. fool.com - 2 weeks ago
Lockheed Martin Completes Orion Development for Artemis II Mission to the Moon Upgraded Spacecraft Delivered, Preparations for 2026 Launch Underway DENVER , May 1, 2025 /PRNewswire/ -- Lockheed Martin [NYSE: LMT] has completed assembly and testing of NASA's Orion Artemis II spacecraft, transferring possession to NASA's Exploration Ground Systems (EGS) team today. This milestone is a significant step for NASA and the Artemis industry team, as they prepare to launch a crew of four astronauts to further the agency's mission in establishing a human presence on the Moon for exploration and scientific discovery. prnewswire.com - 2 weeks ago
Lockheed vs. General Dynamics: Which Defense Stock Should You Buy Now? LMT offers a stronger return on equity and better valuation metrics, while GD, despite strong recent earnings, faces greater solvency concerns. zacks.com - 2 weeks ago
Rheinmetall, Lockheed Martin extend cooperation Germany's Rheinmetall and U.S. firm Lockheed Martin have agreed to expand their cooperation and extended a memorandum of understanding signed in 2024, they said in a joint statement on Wednesday. reuters.com - 2 weeks ago
Aerospace and Defense Stocks Take Flight After Strong Earnings Earnings for Q1 2025 are rolling out. Some companies in an unexpected industry posted strong results. marketbeat.com - 2 weeks ago
Defense Stocks Northrop Grumman and RTX Are Tanking. Is Lockheed Martin a Better Buy for Passive Income? Northrop Grumman and RTX  fell 12.2% and 8.8%, respectively, on April 22 compared to a 1.9% gain for Lockheed Martin (LMT -0.19%). fool.com - 2 weeks ago
Best Defense Stocks in 2025 Some investors downplay the link between politics and investing, and sometimes Capitol Hill events have little impact. But if it were all irrelevant, why would so many members of Congress trade stocks based on the information they receive? marketbeat.com - 3 weeks ago
8. Profile Summary

Lockheed Martin Corporation LMT

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COUNTRY US
INDUSTRY Aerospace & Defense
MARKET CAP $ 111 B
Dividend Yield 0.76%
Description Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The Missiles and Fire Control segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; manned and unmanned ground vehicles; and energy management solutions. The Rotary and Mission Systems segment offers military and commercial helicopters, surface ships, sea and land-based missile defense systems, radar systems, sea and air-based mission and combat systems, command and control mission solutions, cyber solutions, and simulation and training solutions. The Space segment offers satellites; space transportation systems; strategic, advanced strike, and defensive missile systems; and classified systems and services in support of national security systems. This segment also provides network-enabled situational awareness and integrates space and ground-based systems to help its customers gather, analyze, and securely distribute critical intelligence data. It serves primarily serves the U.S. government, as well as foreign military sales contracted through the U.S. government. Lockheed Martin Corporation was founded in 1912 and is headquartered in Bethesda, Maryland.
Contact 6801 Rockledge Drive, Bethesda, MD, 20817 https://www.lockheedmartin.com
IPO Date Jan. 3, 1977
Employees 121000
Officers Mr. James D. Taiclet Jr. Chairman, President & Chief Executive Officer Mr. John G. Clark Senior Vice President of Technology & Strategic Innovation Mr. Frank A. St. John Chief Operating Officer Ms. Stephanie C. Hill President of Rotary & Mission Systems Mr. Robert M. Lightfoot Jr. President of Space Mr. H. Edward Paul III Chief Accounting Officer, Vice President & Controller Mr. Kevin James O'Connor J.D. Senior Vice President, General Counsel & Corporate Secretary Ms. Maria Demaree Senior Vice President of Enterprise Business & Digital Transformation and Chief information Officer Mr. Evan T. Scott Senior Vice President & Chief Financial Officer Ms. Maria A. Ricciardone Vice President, Treasurer & Investor Relations