Lockheed Martin Corp
Research Lockheed Martin Corp (LMT) on Bullrun: valuation model: 3.1% undervalued, market cap USD 117.73B, P/E 18.9, dividend yield 2.7%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerLMT
- ExchangeNYSE
- CountryUnited States
- SectorIndustrials
- IndustryAerospace & Defense
- CurrencyUSD
- Valuation signal3.1% undervalued
- Market capUSD 117.73B
- P/E18.9
- Dividend yield2.7%
- Financial periodQ2 2026
- RevenueUSD 20.06B
- Net incomeUSD 1.84B
- Free cash flowUSD 2.92B
- Gross margin12.2%
Valuation Snapshot
Bullrun's latest valuation model marks Lockheed Martin Corp as 3.1% undervalued; latest market cap is USD 117.73B; P/E is 18.9; dividend yield is 2.7%.
Peer valuation comparison
Latest P/E is 18.87x versus a Industrials sector median of 21.18x (10.9% below).
Latest dividend yield is 2.7% versus a Industrials sector median of 2.27% (18.9% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 75.05B | USD 5.02B | USD 6.91B | 10.2% | 21.49 | USD 4.12B | USD 21.70B | USD 6.72B |
| FY2024 | USD 71.04B | USD 5.34B | USD 5.29B | 9.8% | 22.31 | USD 2.48B | USD 20.27B | USD 6.33B |
| FY2023 | USD 67.57B | USD 6.92B | USD 6.23B | 12.5% | 27.55 | USD 1.44B | USD 17.46B | USD 6.84B |
| FY2022 | USD 65.98B | USD 5.73B | USD 6.13B | 12.6% | 21.66 | USD 2.55B | USD 15.55B | USD 9.27B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-12 | USD 117.73B | 18.9 | 2.7% | 13.8 |
| 2025 | 2025-12-31 | USD 110.76B | 22.5 | 2.8% | 13.35 |
| 2024 | 2024-12-31 | USD 113.71B | 21.8 | 2.6% | 12.75 |
| 2023 | 2023-12-29 | USD 111.54B | 16.6 | 2.7% | 12.15 |
| 2022 | 2022-12-30 | USD 127.50B | 22.3 | 2.3% | 11.4 |
| 2021 | 2021-12-31 | USD 96.32B | 15.6 | 3.0% | 10.6 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 13.8 USD, yield 2.7%.
| Year | Dividends/share |
|---|---|
| FY2025 | 13.35 USD |
| FY2024 | 12.75 USD |
| FY2023 | 12.15 USD |
| FY2022 | 11.4 USD |
About Lockheed Martin Corp
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.
ETFs that hold Lockheed Martin Corp
Lockheed Martin Corp is one of the ten largest holdings of 15 ETFs that investors in Europe can buy. The 8 most traded of them:
| ETF | Weight | TER |
|---|---|---|
| Future of Defence UCITS ETF - Accumulating | 4.71% | 0.49% |
| iShares Global Aerospace & Defence UCITS ETF USD (Acc) | 4.66% | 0.35% |
| Global X Defence Tech UCITS ETF USD Accumulating | 8.92% | 0.50% |
| Invesco Defence Innovation UCITS ETF | 1.97% | 0.35% |
| Global X S&P 500 Covered Call UCITS ETF Inc | 4.30% | 0.45% |
| First Trust Indxx Global Aerospace & Defence UCITS ETF Class A USD Acc | 4.96% | 0.65% |
| Franklin Global Quality Dividend UCITS ETF | 2.11% | 0.30% |
| Global X DAX Covered Call UCITS ETF Euro Dist | 3.96% | 0.45% |
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Frequently asked questions
Is Lockheed Martin Corp overvalued or undervalued?
Bullrun's valuation model currently marks Lockheed Martin Corp as 3.1% undervalued.
What is Lockheed Martin Corp's market cap?
Lockheed Martin Corp's market capitalization is USD 117.73B.
What is Lockheed Martin Corp's P/E ratio?
Lockheed Martin Corp's price-to-earnings (P/E) ratio is 18.9.
Does Lockheed Martin Corp pay a dividend?
Lockheed Martin Corp has a dividend yield of 2.7%.
What does Lockheed Martin Corp do?
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.