Lockheed Martin
LMT stock analysis · Industrials · Aerospace & Defense
As of · fund-implied per-share value
Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.
View SEC fund filing ↗Price × SEC outstanding shares. Shares measured 2026-04-20. Approximate; share and price dates can differ.
View share-count filing ↗DCF value
Equity cash-flow scenario · SEC outstanding shares at 2026-04-20 · -10.7% versus input cap
How this is calculated ↗Reverse DCF
Annual basis · read assumptions below
How this is calculated ↗Relative valuation
11 industry peers · median 35.9×
How this is calculated ↗Historical multiples
7 annual observations · snapshot P/E 23.4× · 23.4% versus history
How this is calculated ↗Free cash flow yield
Annual basis · read assumptions below
How this is calculated ↗ROIC / quality
Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation) · short-term borrowing coverage incomplete
How this is calculated ↗Value composite
Annual basis · read assumptions below
How this is calculated ↗12–1 price momentum
Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.
How this is calculated ↗Asset growth
Annual basis · read assumptions below
How this is calculated ↗Net payout yield
Requires reported dividends, repurchases and issuance; missing values are not zero.
How this is calculated ↗Accrual quality
Parent-earnings fallback versus consolidated cash flow · scope limitation
How this is calculated ↗Fundamental momentum
Annual basis · read assumptions below
How this is calculated ↗Follow the cash
ANNUAL · USDOperating cash flow and reinvestment over time
Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.
Make the assumptions yours
How sensitive is the valuation?
| Return / Growth | 3.0% | 5.0% | 7.0% |
|---|---|---|---|
| 8.0% | $570.79 | $622.79 | $678.69 |
| 10.0% | $418.27 | $455.07 | $494.59 |
| 12.0% | $329.98 | $358.06 | $388.17 |
Annual financial history
Open SEC filings ↗| Fiscal year-end | Revenue | Net income | Operating cash flow | Capital expenditure | Assets |
|---|---|---|---|---|---|
| 2025-12-31 | 75B | 5B | 8.6B | 1.6B | 59.8B |
| 2024-12-31 | 71B | 5.3B | 7B | 1.7B | 55.6B |
| 2023-12-31 | 67.6B | 6.9B | 7.9B | 1.7B | 52.5B |
| 2022-12-31 | 66B | 5.7B | 7.8B | 1.7B | 52.9B |
| 2021-12-31 | 67B | 6.3B | 9.2B | 1.5B | 50.9B |
| 2020-12-31 | 65.4B | 6.8B | 8.2B | 1.8B | 50.7B |
| 2019-12-31 | 59.8B | 6.2B | 7.3B | 1.5B | 47.5B |
| 2018-12-31 | 53.8B | 5B | 3.1B | 1.3B | 44.9B |
USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.
Trace the inputs
MODEL ANNUAL PERIOD| Input | Value | SEC tag / source | Filed |
|---|---|---|---|
| revenue | 75B | Revenues | 2026-01-29 |
| netIncome | 5B | NetIncomeLoss Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income. | 2026-01-29 |
| Parent/common earnings proxy | 5B | NetIncomeLoss | 2026-01-29 |
| cfo | 8.6B | NetCashProvidedByUsedInOperatingActivities | 2026-01-29 |
| capex | 1.6B | PaymentsToAcquireProductiveAssets | 2026-01-29 |
| operatingIncome | 7.7B | OperatingIncomeLoss | 2026-01-29 |
| assets | 59.8B | Assets | 2026-01-29 |
| equity | 6.7B | StockholdersEquity Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income. | 2026-01-29 |
| Parent book equity proxy | 6.7B | StockholdersEquity | 2026-01-29 |
| debt | 21.7B | LongTermDebt | 2026-01-29 |
| shortDebt | — | Not reported under a supported tag | — |
| cash | 4.1B | CashAndCashEquivalentsAtCarryingValue | 2026-01-29 |
| shares | 233.5M | WeightedAverageNumberOfDilutedSharesOutstanding | 2026-01-29 |
| dividends | 3.1B | PaymentsOfDividendsCommonStock | 2026-01-29 |
| buybacks | 3B | PaymentsForRepurchaseOfCommonStock | 2026-01-29 |
| issuance | — | Not reported under a supported tag | — |