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528.31 USD
P/E
25.19
EPS
20.66
Yield
2.62%
Safety Score
85
P/B
15.98
ROE
67.64
Beta
0.10
Target Price
637.60 USD
Lockheed Martin Corporation logo

Lockheed Martin Corporation

🧾 Earnings Recap – Q3 2025

Lockheed Martin reported strong Q3 2025 results, achieving a record backlog of $179 billion, driven by substantial contract wins and 9% year-over-year sales growth.

  • Secured $30 billion in multi-year awards including PAC-3 and JASSM, highlighting sustained demand for missile defense systems.
  • Generated over $3 billion in free cash flow, enabling a 5% quarterly dividend increase and enhanced share repurchase authorization.
  • Updated 2025 financial outlook anticipates mid-single-digit sales growth and $6.6 billion in free cash flow.
  • Record-high backlog includes $11 billion contract for F-35 Lot 18 and 19, reinforcing the company’s position in key defense markets.
  • Continued focus on operational execution aims to enhance program performance and mitigate production risks.
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Key Metrics
Earnings dateJuly 28, 2026
P/E25.19
EPS20.66
Book Value32.56
Price to Book15.98
Debt/Equity276.37
% Insiders0.091%
Growth
Revenue Growth0.00%
Earnings Growth-0.12%
Estimates
Forward P/E16.22
Forward EPS32.08
Target Mean Price637.60
Dividend
Dividend Yield2.62%
Annual dividends13.50 USD
Ex-Div. DateJune 1, 2026
Payout65.74%
5y avg Yield2.64%

DCF Valuation

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DCF Result

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Lockheed Martin Corporation Logo Lockheed Martin Corporation Analysis (LMT)

United States Industrials Official Website Stock

Is Lockheed Martin Corporation a good investment? Lockheed Martin Corporation (LMT) is currently trading at 528.31 USD. Market analysts have a consensus price target of 637.60 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 25.19. This valuation is generally in line with the broader market.

Earnings Schedule: Lockheed Martin Corporation is expected to release its next earnings report on July 28, 2026. The market consensus estimate for Forward EPS is 32.08.

For income investors, Lockheed Martin Corporation pays a dividend yield of 2.62%. With a payout ratio of 66%, the dividend appears sustainable.

Investor FAQ

Does Lockheed Martin Corporation pay a dividend?

Yes, it pays an annual dividend of 13.50 USD (2.62% yield).

What asset class is Lockheed Martin Corporation?

Lockheed Martin Corporation is classified as a Stock. You can compare it against 4 other assets in the "Related Symbols" list on this page.

When is the next earnings date?

The next earnings date is projected to be July 28, 2026. The company currently has a trailing EPS of 20.66.

Company Profile

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.

Exchange Ticker
NYQ (United States) LMT
GER (Germany) LOM.DE
MEX (Mexico) LMT.MX
LSE (United Kingdom) 0R3E.L
Dividend Yield

2.62% (5y avg: 2.64%)

Annual Dividends

13.50 USD

Next ex. div date

June 1, 2026

Payout Ratio

65.74%

Historical Dividends
Year Total Dividends
2027 3.69 USD
2026 14.09 USD
2025 13.35 USD
2024 12.75 USD
2023 12.15 USD
2022 11.40 USD
2021 10.60 USD
2020 9.80 USD
2019 9.00 USD
2018 8.20 USD
2017 7.46 USD
2016 6.77 USD
2015 6.15 USD
2014 5.49 USD
2013 4.78 USD
2012 4.15 USD
2011 3.25 USD
2010 2.64 USD
2009 2.34 USD
2008 1.83 USD
2007 1.47 USD
2006 1.25 USD
2005 1.05 USD
2004 0.91 USD
2003 0.57 USD
2002 0.44 USD
2001 0.44 USD
2000 0.44 USD
1999 0.88 USD
1998 0.82 USD
1997 0.80 USD
1996 0.80 USD
1995 0.70 USD
1994 0.69 USD
1993 0.65 USD
1992 0.64 USD
1991 0.60 USD
1990 0.55 USD
1989 0.54 USD
1988 0.48 USD
1987 0.40 USD
1986 0.29 USD
1985 0.23 USD
1984 0.14 USD
1969 0.17 USD
1968 0.22 USD
1967 0.22 USD
1966 0.22 USD
1965 0.15 USD
1964 0.16 USD
1963 0.13 USD
1962 0.09 USD

Yearly aggregated dividends

Dividends

Lockheed Martin Corporation
Jun 26, 2026 Upcoming
Dividend
3.45 USD
Lockheed Martin Corporation
Mar 27, 2026 Paid
Dividend
3.45 USD
Lockheed Martin Corporation
Dec 30, 2025 Paid
Dividend
3.45 USD
Lockheed Martin Corporation
Sep 26, 2025 Paid
Dividend
3.3 USD
Lockheed Martin Corporation
Jun 27, 2025 Paid
Dividend
3.3 USD

Historical Split Corporate Actions

Split Date Split Ratio to 1
Jan. 4, 1999 2.000000
March 16, 1995 1.630000
Sept. 9, 1983 3.000000
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