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Lockheed Martin Corporation

NYSE: LMT

Stock price

556.52 USD

(+0%) TODAY

Aerospace & Defense

Financial Performance

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5Y price score: 77

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The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.

A score of 100 indicates that the stock did as well as the S&P 500 Index.

A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.

10Y return: 164.8%

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    437.2

    52-week range

    692.0

    556.52

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    FCFF terminal growth rate
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    Your fair value & Margin of safety

    To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.

    Forecast:

    Valuation

    Free Cash Flow Yield

    Help
    FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

    6.8 %

    Dividend Yield TTM

    2.5 %

    Market cap $

    $ 128,440

    Price / Earnings TTM

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    P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

    20.5

    Price / Book TTM

    14.6

    PEG TTM

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    Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

    0

    Earnings growth and return

    LTM

    5YR

    10YR

    Total return (price & dividends)

    27.3 %

    71.9 %

    164.8 %

    Free cash flow per share growth

    2,071.6 %

    30.5 %

    125.2 %

    Earnings per share growth

    443.8 %

    (11.6) %

    87.5 %

    Founded: 1,995

    Employees: 121,000

    Business Summary: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.

    Fair Value Reference Estimate

    Latest Earnings Call Takeaways

    2026 Q2 (Jul 23, 2026)

    1) Strategic Overview and Leadership Insights
    - Lockheed Martin reported a strong Q2 2026, with a record backlog of $230 billion, reflecting a $64 billion increase YoY.
    - CEO James Taiclet emphasized the company's proactive strategy, including increased munitions capacity and open-architecture technology initiatives, which have positioned Lockheed to meet robust customer demand.
    - The company is focused on integrating advanced technologies, such as AI and automation, into production processes to enhance efficiency and scalability.
    - Lockheed is also expanding its international manufacturing footprint to meet co-production requirements and support allied nations.

    2) Financial Performance and Segment Results
    - Q2 2026 sales reached $20.1 billion, an 11% increase YoY, driven by munitions production and strong performance across all segments.
    - Operating profit rose to $2.2 billion, with earnings per share increasing to $7.94.
    - Free cash flow surged to $2.9 billion, a significant recovery from a negative $150 million in Q2 2025.
    - The company raised its full-year sales guidance to $79.75 billion - $81.75 billion, indicating an 8% increase YoY at the midpoint.

    Metric Q2 2026 Q2 2025 YoY Change
    Sales $20.1 billion $18.2 billion +11%
    Operating Profit $2.2 billion N/A N/A
    Earnings Per Share $7.94 N/A N/A
    Free Cash Flow $2.9 billion -$150 million N/A

    3) Operational Highlights and Product Developments
    - Significant contract wins included a $35 billion contract for missile defense and a $2.3 billion radar contract, showcasing Lockheed's diverse capabilities.
    - The company is advancing hypersonic weapon programs and has made progress on the F-16 and C-130 deliveries, with 2 F-16s and 7 C-130s delivered in the quarter.
    - Lockheed is innovating rapidly, exemplified by the Grizzly counter-UAS system, which went from concept to successful testing in 45 days.
    - The company is also enhancing partnerships, such as with General Motors Defense, to leverage commercial manufacturing efficiencies.

    4) Challenges and Headwinds
    - While the company is experiencing strong demand, there are ongoing risks associated with classified programs and technical investigations, particularly in the space segment.
    - The recent Vulcan launch anomaly has impacted ULA equity earnings, leading to a lowered profit outlook for the space segment.
    - The company is navigating the complexities of transitioning framework agreements to multiyear contracts, which requires careful management of delivery schedules and profit mechanisms.

    5) Guidance and Outlook
    - Lockheed Martin is optimistic about the second half of 2026, projecting high single-digit growth across all segments.
    - The company is committed to investing $8 billion - $9 billion in capital expenditures to scale munitions production efficiently.
    - The management's focus on maintaining a strong balance sheet and disciplined capital allocation is expected to support sustained growth and shareholder returns.
    - The transcript does not provide specific details on international sales growth or the impact of geopolitical factors on future contracts.

    Bottom line: Lockheed Martin's robust Q2 2026 performance, characterized by record backlog and strong cash flow, underpins its optimistic outlook for sustained growth. The company's proactive strategy in expanding production capabilities and leveraging advanced technologies positions it well to meet increasing defense demands, making it an attractive prospect for shareholders.

    Annual Reports, Presentations And IR Contacts

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    Lockheed Martin Corporation — Financial Overview, Stock Price, Market Cap

    Lockheed Martin Corporation is a company. Founded in 1995. As of August 26, 2026, the company's market capitalization is $128439807320 with a current stock price of $556.52.