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545.91 USD
Add to portfolio
P/E
24.33
EPS
20.64
Yield
2.63%
Safety Score
85
P/B
15.42
ROE
67.64
Beta
0.11
Target Price
624.11 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/E24.33
EPS20.64
Book Value32.56
Price to Book15.42
Debt/Equity276.37
% Insiders0.102%
Growth
Revenue Growth0.00%
Earnings Growth-0.12%
Estimates
Forward P/E15.65
Forward EPS32.09
Target Mean Price624.11
Dividend
Dividend Yield2.63%
Annual dividends13.65 USD
Ex-Div. DateJune 1, 2026
Payout65.74%
5y avg Yield2.64%

DCF Valuation

Tweak assumptions to recompute fair value for Lockheed Martin Corporation (LMT)
Currency: USD
DCF Assumptions
Decimal (e.g., 0.10 = 10%). Range allows declines (−50%) to strong growth (+50%).
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Decimal (e.g., 0.04 = 4%).
Decimal (e.g., 0.20 = 20%).
Percent number (e.g., 3 = 3%).
Percent number (e.g., 10 = 10%).
Percent number (e.g., 5 = 5%).
DCF Result
Fair Value (DCF)
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Current Price
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Terminal PV
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Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

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 545.91 USD. Market analysts have a consensus price target of 624.11 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 24.33. 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 32.09.

For income investors, Lockheed Martin Corporation pays a dividend yield of 2.63%. 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 13.65 USD (2.63% 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 20.64.

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 support for 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 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
Trades
Dividend Yield
2.63%
5y avg 2.64%
Annual Dividends
13.65USD
Next Ex. Div Date
June 1, 2026
Payout Ratio
65.74%
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
▸2027
7.39 USD
June 30, 2027 (estimated) 3.6930
March 31, 2027 (estimated) 3.6930
▸2026
14.09 USD
Dec. 31, 2026 (estimated) 3.6621
Sept. 30, 2026 (estimated) 3.5324
June 26, 2026 3.4500
March 27, 2026 3.4500
▸2025
13.35 USD
Dec. 30, 2025 3.4500
Sept. 26, 2025 3.3000
June 27, 2025 3.3000
March 28, 2025 3.3000
▸2024
12.75 USD
Dec. 27, 2024 3.3000
Sept. 27, 2024 3.1500
June 28, 2024 3.1500
March 29, 2024 3.1500
▸2023
12.15 USD
Dec. 29, 2023 3.1500
Sept. 22, 2023 3.0000
June 23, 2023 3.0000
March 24, 2023 3.0000
▸2022
11.40 USD
Dec. 30, 2022 3.0000
Sept. 23, 2022 2.8000
June 24, 2022 2.8000
March 25, 2022 2.8000
▸2021
10.60 USD
Dec. 27, 2021 2.8000
Sept. 24, 2021 2.6000
June 25, 2021 2.6000
March 26, 2021 2.6000
▸2020
9.80 USD
Dec. 24, 2020 2.6000
Sept. 25, 2020 2.4000
June 26, 2020 2.4000
March 27, 2020 2.4000
▸2019
9.00 USD
Dec. 27, 2019 2.4000
Sept. 27, 2019 2.2000
June 28, 2019 2.2000
March 29, 2019 2.2000
▸2018
8.20 USD
Dec. 28, 2018 2.2000
Sept. 28, 2018 2.0000
June 22, 2018 2.0000
March 23, 2018 2.0000
▸2017
7.46 USD
Dec. 29, 2017 2.0000
Sept. 22, 2017 1.8200
June 23, 2017 1.8200
March 24, 2017 1.8200
▸2016
6.77 USD
Dec. 30, 2016 1.8200
Sept. 23, 2016 1.6500
June 24, 2016 1.6500
March 24, 2016 1.6500
▸2015
6.15 USD
Dec. 24, 2015 1.6500
Sept. 25, 2015 1.5000
June 26, 2015 1.5000
March 27, 2015 1.5000
▸2014
5.49 USD
Dec. 26, 2014 1.5000
Sept. 26, 2014 1.3300
June 27, 2014 1.3300
March 28, 2014 1.3300
▸2013
4.78 USD
Dec. 27, 2013 1.3300
Sept. 27, 2013 1.1500
June 28, 2013 1.1500
March 29, 2013 1.1500
▸2012
4.15 USD
Dec. 28, 2012 1.1500
Sept. 28, 2012 1.0000
June 22, 2012 1.0000
March 23, 2012 1.0000
▸2011
3.25 USD
Dec. 30, 2011 1.0000
Sept. 23, 2011 0.7500
June 24, 2011 0.7500
March 25, 2011 0.7500
▸2010
2.64 USD
Dec. 31, 2010 0.7500
Sept. 24, 2010 0.6300
June 25, 2010 0.6300
March 26, 2010 0.6300
▸2009
2.34 USD
Dec. 31, 2009 0.6300
Sept. 25, 2009 0.5700
June 26, 2009 0.5700
March 27, 2009 0.5700
▸2008
1.83 USD
Dec. 26, 2008 0.5700
Sept. 26, 2008 0.4200
June 27, 2008 0.4200
March 28, 2008 0.4200
▸2007
1.47 USD
Dec. 28, 2007 0.4200
Sept. 28, 2007 0.3500
June 22, 2007 0.3500
March 30, 2007 0.3500
▸2006
1.25 USD
Dec. 29, 2006 0.3500
Sept. 29, 2006 0.3000
June 30, 2006 0.3000
March 31, 2006 0.3000
▸2005
1.05 USD
Dec. 30, 2005 0.3000
Sept. 30, 2005 0.2500
June 30, 2005 0.2500
March 31, 2005 0.2500
▸2004
0.91 USD
Dec. 30, 2004 0.2500
Sept. 30, 2004 0.2200
June 30, 2004 0.2200
March 31, 2004 0.2200
▸2003
0.57 USD
Dec. 31, 2003 0.2200
Sept. 30, 2003 0.1200
June 30, 2003 0.1200
March 31, 2003 0.1100
▸2002
0.44 USD
Dec. 31, 2002 0.1100
Sept. 30, 2002 0.1100
June 28, 2002 0.1100
March 29, 2002 0.1100
▸2001
0.44 USD
Dec. 31, 2001 0.1100
Sept. 28, 2001 0.1100
June 29, 2001 0.1100
March 30, 2001 0.1100
▸2000
0.44 USD
Dec. 29, 2000 0.1100
Sept. 29, 2000 0.1100
June 30, 2000 0.1100
March 31, 2000 0.1100
▸1999
0.88 USD
Dec. 31, 1999 0.2200
Sept. 30, 1999 0.2200
June 30, 1999 0.2200
March 31, 1999 0.2200
▸1998
0.82 USD
Dec. 31, 1998 0.2200
Sept. 30, 1998 0.2000
June 30, 1998 0.2000
March 31, 1998 0.2000
▸1997
0.80 USD
Dec. 31, 1997 0.2000
Sept. 30, 1997 0.2000
June 30, 1997 0.2000
March 31, 1997 0.2000
▸1996
0.80 USD
Dec. 31, 1996 0.2000
Sept. 30, 1996 0.2000
June 28, 1996 0.2000
March 29, 1996 0.2000
▸1995
0.70 USD
Dec. 29, 1995 0.1750
Sept. 29, 1995 0.1750
June 30, 1995 0.1750
Feb. 13, 1995 0.1748
▸1994
0.69 USD
Nov. 15, 1994 0.1748
Aug. 16, 1994 0.1748
May 17, 1994 0.1748
Feb. 14, 1994 0.1626
▸1993
0.65 USD
Nov. 16, 1993 0.1626
Aug. 17, 1993 0.1626
May 17, 1993 0.1626
Feb. 8, 1993 0.1626
▸1992
0.64 USD
Nov. 17, 1992 0.1626
Aug. 18, 1992 0.1626
May 12, 1992 0.1626
Feb. 10, 1992 0.1534
▸1991
0.60 USD
Nov. 12, 1991 0.1534
Aug. 14, 1991 0.1534
May 15, 1991 0.1534
Feb. 12, 1991 0.1380
▸1990
0.55 USD
Nov. 13, 1990 0.1380
Aug. 14, 1990 0.1380
May 16, 1990 0.1380
Feb. 13, 1990 0.1380
▸1989
0.54 USD
Nov. 14, 1989 0.1380
Aug. 15, 1989 0.1380
May 17, 1989 0.1380
Feb. 14, 1989 0.1227
▸1988
0.48 USD
Nov. 15, 1988 0.1227
Aug. 11, 1988 0.1227
May 18, 1988 0.1227
Feb. 10, 1988 0.1074
▸1987
0.40 USD
Nov. 12, 1987 0.1074
Aug. 13, 1987 0.1074
May 19, 1987 0.1074
Feb. 11, 1987 0.0767
▸1986
0.29 USD
Nov. 13, 1986 0.0767
Aug. 14, 1986 0.0767
May 20, 1986 0.0767
Feb. 10, 1986 0.0614
▸1985
0.23 USD
Nov. 13, 1985 0.0614
Aug. 14, 1985 0.0614
May 21, 1985 0.0614
Feb. 8, 1985 0.0460
▸1984
0.14 USD
Nov. 13, 1984 0.0460
Aug. 14, 1984 0.0460
May 22, 1984 0.0460
▸1969
0.17 USD
Nov. 7, 1969 0.0307
Aug. 11, 1969 0.0307
May 12, 1969 0.0562
Feb. 7, 1969 0.0562
▸1968
0.22 USD
Nov. 8, 1968 0.0562
Aug. 12, 1968 0.0562
May 13, 1968 0.0562
Feb. 9, 1968 0.0562
▸1967
0.22 USD
Nov. 14, 1967 0.0562
Aug. 14, 1967 0.0562
May 16, 1967 0.0562
Feb. 14, 1967 0.0562
▸1966
0.22 USD
Nov. 15, 1966 0.0562
Aug. 16, 1966 0.0562
May 17, 1966 0.0562
Feb. 15, 1966 0.0562
▸1965
0.15 USD
Aug. 17, 1965 0.0511
May 18, 1965 0.0511
Feb. 16, 1965 0.0511
▸1964
0.16 USD
Nov. 17, 1964 0.0409
Aug. 18, 1964 0.0409
May 19, 1964 0.0409
Feb. 17, 1964 0.0409
▸1963
0.13 USD
Nov. 15, 1963 0.0358
Aug. 27, 1963 0.0358
May 21, 1963 0.0383
Feb. 15, 1963 0.0230
▸1962
0.09 USD
Nov. 14, 1962 0.0230
Aug. 14, 1962 0.0230
May 15, 1962 0.0230
Feb. 13, 1962 0.0230
Upcoming Dividends
Name Payment Date Status Amount
Lockheed Martin Corporation Jun 26, 2026 3.45 USD
Lockheed Martin Corporation Mar 27, 2026 3.45 USD
Lockheed Martin Corporation Dec 30, 2025 3.45 USD
Lockheed Martin Corporation Sep 26, 2025 3.3 USD
Stock Splits
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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