NYSE: LMT
Lockheed Martin Corporation
Industrials · Aerospace & Defense
Market Cap
$117.81B
52w High
$692.00
52w Low
$410.11
P/E
24.64
Volume
2.08M
Outstanding Shares
230.56M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 9.04% over the last year. Revenue grew 4.6% over the trailing twelve months. Operating margin moved from 10.24% to 9.88%. Free cash flow grew 13.58% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 9.88%. A decisive move in revenue — currently up 4.6% — would be the clearest signal to resolve the ambiguity.
Company profile
Lockheed Martin Corporation stands as a prominent global security and aerospace enterprise, specializing in the comprehensive lifecycle of advanced technological systems.
Valuation
Stock splits
Every 1 shares became 2
Every 100 shares became 163
Every 1 shares became 3
Profitability & growth
Analyst consensus
20
Buy
16
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 28, 2026
Q3 FY26 · EPS est $7.22 · Revenue est $19.37B
View
Dividends
$13.65/shareQuarterlyDividend Aristocrat · 25yrAdequateLMT pays a dividend with a 2.67% dividend yield, 25 consecutive years of growth, growing at 6% annually, covered 2.2× by free cash flow.
Dividend Yield
2.67%
Annual Div / Share
$13.65
5yr CAGR
+6%
Doubles every ~11.9yr
Payout Ratio
65.74%
Adequate
Dividend Growth Rate
3yr CAGR
+4.97%
5yr CAGR
+6%
10yr CAGR
+7.78%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$2/mo
In 5 yrs
$3/mo
In 10 yrs
$4/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$27/yr $2/mo | $36/yr+34% $3/mo | $48/yr+79% $4/mo |
Yield-on-cost grows from 2.67% → 4.78% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
LMT has raised its dividend for 25 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 2.2× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 6% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.