LMT— Lockheed Martin Corporation
NYSEIndustrials · Aerospace & Defense
Lockheed Martin Corporation (LMT) stock trades at $503.67, up 2.04% on the day. With a market capitalization of $116.13 billion, LMT is a large-cap industrials stock. It trades at a price-to-earnings (P/E) ratio of 24.4, a forward P/E of 15.7 and earnings per share (EPS) of $20.65. Over the most recent period the company reported 0% year-over-year revenue growth and a net profit margin of 6.4%. Below you'll find LMT's full fundamentals, fair-value estimates, dividend history, earnings and our buy, hold or avoid verdict for 2026.
Price & Performance
Performance
Analysis & Verdict
Lockheed Martin Corporation (LMT) Stock Analysis 2026
Rule-based · Updated daily · Not financial advice
Lockheed Martin Corporation (LMT) operates in the Aerospace & Defense space within the Industrials sector. With a market cap of $116.1B, it qualifies as a mid-cap company. Growth is moderate and the business remains profitable, offering a balanced risk/reward profile compared to high-multiple peers.
- Forward P/E (15.7×) is lower than trailing P/E (24.4×) — analysts expect earnings to improve
- ROE of 67.6% shows management efficiently converts equity into profit
- Dividend yield of 2.74% provides consistent income on top of price appreciation
- Low beta of 0.11 — less volatile than the market, suitable for conservative portfolios
- Earnings fell 12% YoY — profitability is under pressure
- High debt-to-equity of 276.37× increases financial risk, especially with elevated interest rates
Verdict
Buy / Hold
More positives than negatives. Fundamentals support holding while monitoring key risks.
AI Insight
Powered by ClaudeAI-generated analysis for informational purposes only. Not financial advice.
Fair Value Estimates
Current price: $503.67
Graham Number
√(22.5 × EPS × Book Value)
$123.00
Benjamin Graham's intrinsic value formula. Assumes a fair stock trades at no more than 22.5× the product of EPS and book value per share.
Bazin Ceiling Price
Avg. Annual DPS (5Y) ÷ 6%
$200.83
Décio Bazin's dividend-based ceiling. The max price you should pay so that dividends alone deliver at least 6% annual yield on your cost basis.
These are simplified estimates. Not financial advice.
Buy & Hold Checklist
Quality criteria for long-term holding
8/10
80% score
Pays dividends
15Y hist.15+ years of dividend history
Dividend consistency (5Y+)
15 yrsUninterrupted dividend payments for at least 5 years
ROE above 10%
67.6%Return on equity — measures how efficiently capital is used
Positive profit margin
6.4%Net profit margin must be positive — company earns more than it spends
Revenue growth (annual)
+0.3%Annual revenue must be growing compared to the prior year
Earnings growth (annual)
-11.5%Annual earnings must be growing compared to the prior year
Debt/Equity below 2×
276.37×Low financial leverage reduces risk of distress
Current ratio above 1
1.14×Short-term assets must cover short-term liabilities
Daily liquidity above $5M
$689M/dayHigh trading volume ensures easy entry and exit
Dividend yield above 0%
2.74%Stock must distribute income to shareholders
Financials
Revenue & Results
Key Statistics
Earnings
Next Earnings
Jul 21, 2026
27
days
EPS (TTM)
$20.65
P/E (TTM)
24.4
Fwd P/E
15.7
SEC Filings & Reported Financials
Earnings History
SEC EDGAR · official filings
SEC Filings
Official EDGAR documents
Insider Transactions
SEC Form 4 · officers, directors & 10% owners
Dividends & Income
Dividends
Current DY
2.74%
5Y Avg Annual
$11.3100
Last Payment
$3.4500
Ex-Date
06/01/2026
Annual dividends paid per share
| Ex-Date | Payment | Amount | Est. DY |
|---|---|---|---|
Latest06/01/2026 | 06/26/2026 | $3.4500 | 2.74% |
03/02/2026 | 03/27/2026 | $3.4500 | 2.74% |
12/01/2025 | 12/26/2025 | $3.4500 | 2.74% |
09/02/2025 | 09/27/2025 | $3.3000 | 2.62% |
06/02/2025 | 06/27/2025 | $3.3000 | 2.62% |
03/03/2025 | 03/28/2025 | $3.3000 | 2.62% |
12/02/2024 | 12/27/2024 | $3.3000 | 2.62% |
09/03/2024 | 09/28/2024 | $3.1500 | 2.50% |
Magic Number
Shares needed to self-fund your next purchase
$503.67
Price
$3.4500
Last div. (quarterly)
146
shares
Own 146 LMT shares ($73,535.82) and each quarterly dividend pays for 1 new share — the snowball runs on its own.
Investment target
$73,535.82
New shares / year
+4 shares
Tools & Simulators
If You Had Invested…
Hypothetical return based on historical prices
* Dividend reinvestment calculated at ex-date price. For informational purposes only.
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About Lockheed Martin Corporation
Lockheed Martin Corporation, an aerospace and defense company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services in the United States, Europe, Asia, the Middle East, and internationally. The company operates through four segments: Aeronautics; Missiles and Fire Control (MFC); Rotary and Mission Systems (RMS); and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment provides air and missile defense systems; tactical missiles and precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; and ground vehicles. The RMS segment offers military and commercial helicopters, surface ships, sea and land-based missile defense systems, radar and laser systems, sea and air-based mission and combat systems, command and control mission solutions, cyber solutions, simulation and training solutions, and services and supports surface ships. The Space segment provides satellites; space transportation systems; strategic, advanced strike, and defensive 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 global systems to help its customers gather, analyze, and securely distribute critical intelligence data. It serves primarily serves the U.S. government and international customers, as well as foreign military sales contracted through the U.S. government. The company was formerly known as The Lockheed Corporation and changed its name to Lockheed Martin Corporation in March 1995. Lockheed Martin Corporation was founded in 1912 and is based in Bethesda, Maryland.
Sector
Industrials
Industry
Aerospace & Defense
Location
Bethesda, United States
Employees
123,000
LMT — Frequently Asked Questions
Is Lockheed Martin Corporation (LMT) a good stock to buy in 2026?
Lockheed Martin Corporation (LMT) shows strengths such as a 68% return on equity, while risks include high leverage (debt/equity of 276.4). Whether LMT is a good buy in 2026 depends on your time horizon and risk tolerance — review the full bull case, bear case and fair-value estimates above. This is informational analysis, not financial advice.
What is LMT's stock price today?
Lockheed Martin Corporation (LMT) trades at $503.67, up 2.04% on the session. Prices on this page update throughout the trading day.
Does LMT pay a dividend?
Yes. Lockheed Martin Corporation pays an annual dividend of $13.80 per share, a dividend yield of 2.74%. The most recent ex-dividend date was June 1, 2026. Its payout ratio is about 65% of earnings.
Is LMT overvalued?
With a P/E ratio of 24.4×, LMT trades at a roughly market-average valuation for the industrials sector. Its PEG ratio is 1.04. See the Fair Value Estimates section above for Graham Number and dividend-based price targets.
What is LMT's market cap?
Lockheed Martin Corporation (LMT) has a market capitalization of $116.13 billion, classifying it as a large-cap stock in the Industrials sector.
Disclaimer: This page — including any buy/hold/avoid view, fair value or price estimate — is generated from market data for informational and educational purposes only and does not constitute financial, investment or trading advice. Data may be delayed or inaccurate. Always do your own research and consult a licensed financial advisor before making any investment decision.