LMT
Lockheed Martin Corporation
Aerospace & Defense
Market Cap$118.09B
5Y Perf.+31.9%
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Stock Comparison
LMT vs RTX
Revenue, margins, valuation, and 5-year total return — side by side.
RTX
RTX Corporation
Aerospace & Defense
Market Cap$238.07B
5Y Perf.+174.0%
LMT vs RTX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | LMT | RTX |
|---|---|---|
| Industry | Aerospace & Defense | Aerospace & Defense |
| Market Cap | $118.09B | $238.07B |
| Revenue (TTM) | $75.11B | $90.37B |
| Net Income (TTM) | $4.79B | $7.26B |
| Gross Margin | 9.8% | 20.2% |
| Operating Margin | 9.9% | 10.4% |
| Forward P/E | 17.1x | 25.5x |
| Total Debt | $21.70B | $39.51B |
| Cash & Equiv. | $4.12B | $7.43B |
LMT vs RTX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
LMT
RTX
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Lockheed Martin Cor… (LMT) | 100 | 131.9 | +31.9% |
| RTX Corporation (RTX) | 100 | 274.0 | +174.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: LMT vs RTX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: LMT leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and capital preservation and lower volatility. RTX Corporation is the stronger pick specifically for growth and revenue expansion and profitability and margin quality. As sector peers, any of these can serve as alternatives in the same allocation.
LMT
Lockheed Martin Corporation
The Income Pick
LMT carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 23 yrs, beta 0.12, yield 2.6%
- Lower volatility, beta 0.12, current ratio 1.09x
- Beta 0.12, yield 2.6%, current ratio 1.09x
Best for: income & stability and sleep-well-at-night
RTX
RTX Corporation
The Growth Play
RTX is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 9.7%, EPS growth 39.7%, 3Y rev CAGR 9.7%
- 234.7% 10Y total return vs LMT's 156.2%
- 9.7% revenue growth vs LMT's 5.7%
Best for: growth exposure and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | RTX | 9.7% revenue growth vs LMT's 5.7% |
| Value | LMT | Lower P/E (17.1x vs 25.5x) |
| Quality / Margins | RTX | 8.0% margin vs LMT's 6.4% |
| Stability / Safety | LMT | Beta 0.12 vs RTX's 0.51 |
| Dividends | LMT | 2.6% yield, 23-year raise streak, vs RTX's 1.5% |
| Momentum (1Y) | RTX | +40.8% vs LMT's +11.6% |
| Efficiency (ROA) | LMT | 8.0% ROA vs RTX's 4.3%, ROIC 23.9% vs 6.7% |
LMT vs RTX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
LMT vs RTX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLLMTLAGGINGRTX
RTXRTX Corporation
2leads
LMTLockheed Martin Corpo…
3leads
6 Total Categories
CATEGORYLEADERvs RTXMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
RTX6/6
Valuation MetricsMultiples, price ratios, and targets
LMT5/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
LMT7/9
Total Returns1Y, 3Y, 5Y total returns with dividends
RTX5/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
LMT2/2
Income & Cash Flow (Last 12 Months)
RTX leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
RTX and LMT operate at a comparable scale, with $90.4B and $75.1B in trailing revenue. Profitability is closely matched — net margins range from 8.0% (RTX) to 6.4% (LMT). On growth, RTX holds the edge at +8.7% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | LMTLockheed Martin C… | RTXRTX Corporation |
|---|---|---|
| RevenueTrailing 12 months | $75.1B | $90.4B |
| EBITDAEarnings before interest/tax | $8.7B | $13.8B |
| Net IncomeAfter-tax profit | $4.8B | $7.3B |
| Free Cash FlowCash after capex | $5.7B | $8.4B |
| Gross MarginGross profit ÷ Revenue | +9.8% | +20.2% |
| Operating MarginEBIT ÷ Revenue | +9.9% | +10.4% |
| Net MarginNet income ÷ Revenue | +6.4% | +8.0% |
| FCF MarginFCF ÷ Revenue | +7.5% | +9.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +0.3% | +8.7% |
| EPS Growth (YoY)Latest quarter vs prior year | -11.5% | +32.5% |
RTX leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
LMT leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 23.8x trailing earnings, LMT trades at a 33% valuation discount to RTX's 35.6x P/E. On an enterprise value basis, LMT's 16.1x EV/EBITDA is more attractive than RTX's 21.0x.
| Metric | LMTLockheed Martin C… | RTXRTX Corporation |
|---|---|---|
| Market CapShares × price | $118.1B | $238.1B |
| Enterprise ValueMkt cap + debt − cash | $135.7B | $270.1B |
| Trailing P/EPrice ÷ TTM EPS | 23.84x | 35.64x |
| Forward P/EPrice ÷ next-FY EPS est. | 17.12x | 25.54x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 16.07x | 20.96x |
| Price / SalesMarket cap ÷ Revenue | 1.57x | 2.69x |
| Price / BookPrice ÷ Book value/share | 17.68x | 3.57x |
| Price / FCFMarket cap ÷ FCF | 17.09x | 29.98x |
LMT leads this category, winning 5 of 6 comparable metrics.
Profitability & Efficiency
LMT leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
LMT delivers a 74.5% return on equity — every $100 of shareholder capital generates $75 in annual profit, vs $11 for RTX. RTX carries lower financial leverage with a 0.59x debt-to-equity ratio, signaling a more conservative balance sheet compared to LMT's 3.23x. On the Piotroski fundamental quality scale (0–9), RTX scores 8/9 vs LMT's 6/9, reflecting strong financial health.
| Metric | LMTLockheed Martin C… | RTXRTX Corporation |
|---|---|---|
| ROE (TTM)Return on equity | +74.5% | +10.9% |
| ROA (TTM)Return on assets | +8.0% | +4.3% |
| ROICReturn on invested capital | +23.9% | +6.7% |
| ROCEReturn on capital employed | +21.3% | +7.9% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 8 |
| Debt / EquityFinancial leverage | 3.23x | 0.59x |
| Net DebtTotal debt minus cash | $17.6B | $32.1B |
| Cash & Equiv.Liquid assets | $4.1B | $7.4B |
| Total DebtShort + long-term debt | $21.7B | $39.5B |
| Interest CoverageEBIT ÷ Interest expense | 6.08x | 5.58x |
LMT leads this category, winning 7 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
RTX leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in RTX five years ago would be worth $22,007 today (with dividends reinvested), compared to $14,693 for LMT. Over the past 12 months, RTX leads with a +40.8% total return vs LMT's +11.6%. The 3-year compound annual growth rate (CAGR) favors RTX at 24.5% vs LMT's 6.9% — a key indicator of consistent wealth creation.
| Metric | LMTLockheed Martin C… | RTXRTX Corporation |
|---|---|---|
| YTD ReturnYear-to-date | +3.8% | -5.2% |
| 1-Year ReturnPast 12 months | +11.6% | +40.8% |
| 3-Year ReturnCumulative with dividends | +22.2% | +93.0% |
| 5-Year ReturnCumulative with dividends | +46.9% | +120.1% |
| 10-Year ReturnCumulative with dividends | +156.2% | +234.7% |
| CAGR (3Y)Annualised 3-year return | +6.9% | +24.5% |
RTX leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
Evenly matched — LMT and RTX each lead in 1 of 2 comparable metrics.
Risk & Volatility
LMT is the less volatile stock with a 0.12 beta — it tends to amplify market swings less than RTX's 0.51 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. RTX currently trades 82.4% from its 52-week high vs LMT's 74.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | LMTLockheed Martin C… | RTXRTX Corporation |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.12x | 0.51x |
| 52-Week HighHighest price in past year | $692.00 | $214.50 |
| 52-Week LowLowest price in past year | $410.11 | $126.03 |
| % of 52W HighCurrent price vs 52-week peak | +74.0% | +82.4% |
| RSI (14)Momentum oscillator 0–100 | 28.0 | 37.3 |
| Avg Volume (50D)Average daily shares traded | 1.5M | 5.3M |
Evenly matched — LMT and RTX each lead in 1 of 2 comparable metrics.
Analyst Outlook
LMT leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates LMT as "Buy" and RTX as "Buy". Consensus price targets imply 27.2% upside for RTX (target: $225) vs 23.9% for LMT (target: $635). For income investors, LMT offers the higher dividend yield at 2.63% vs RTX's 1.49%.
| Metric | LMTLockheed Martin C… | RTXRTX Corporation |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $635.11 | $224.89 |
| # AnalystsCovering analysts | 37 | 26 |
| Dividend YieldAnnual dividend ÷ price | +2.6% | +1.5% |
| Dividend StreakConsecutive years of raises | 23 | 4 |
| Dividend / ShareAnnual DPS | $13.50 | $2.63 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.5% | +0.0% |
LMT leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
LMT leads in 3 of 6 categories (Valuation Metrics, Profitability & Efficiency). RTX leads in 2 (Income & Cash Flow, Total Returns). 1 tied.
Best OverallLockheed Martin Corporation (LMT)Leads 3 of 6 categories
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LMT vs RTX: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is LMT or RTX a better buy right now?
For growth investors, RTX Corporation (RTX) is the stronger pick with 9.
7% revenue growth year-over-year, versus 5. 7% for Lockheed Martin Corporation (LMT). Lockheed Martin Corporation (LMT) offers the better valuation at 23. 8x trailing P/E (17. 1x forward), making it the more compelling value choice. Analysts rate Lockheed Martin Corporation (LMT) a "Buy" — based on 37 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — LMT or RTX?
On trailing P/E, Lockheed Martin Corporation (LMT) is the cheapest at 23.
8x versus RTX Corporation at 35. 6x. On forward P/E, Lockheed Martin Corporation is actually cheaper at 17. 1x.
03Which is the better long-term investment — LMT or RTX?
Over the past 5 years, RTX Corporation (RTX) delivered a total return of +120.
1%, compared to +46. 9% for Lockheed Martin Corporation (LMT). Over 10 years, the gap is even starker: RTX returned +234. 7% versus LMT's +156. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — LMT or RTX?
By beta (market sensitivity over 5 years), Lockheed Martin Corporation (LMT) is the lower-risk stock at 0.
12β versus RTX Corporation's 0. 51β — meaning RTX is approximately 312% more volatile than LMT relative to the S&P 500. On balance sheet safety, RTX Corporation (RTX) carries a lower debt/equity ratio of 59% versus 3% for Lockheed Martin Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — LMT or RTX?
By revenue growth (latest reported year), RTX Corporation (RTX) is pulling ahead at 9.
7% versus 5. 7% for Lockheed Martin Corporation (LMT). On earnings-per-share growth, the picture is similar: RTX Corporation grew EPS 39. 7% year-over-year, compared to -3. 7% for Lockheed Martin Corporation. Over a 3-year CAGR, RTX leads at 9. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — LMT or RTX?
RTX Corporation (RTX) is the more profitable company, earning 7.
6% net margin versus 6. 7% for Lockheed Martin Corporation — meaning it keeps 7. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: LMT leads at 10. 3% versus 10. 0% for RTX. At the gross margin level — before operating expenses — RTX leads at 20. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is LMT or RTX more undervalued right now?
On forward earnings alone, Lockheed Martin Corporation (LMT) trades at 17.
1x forward P/E versus 25. 5x for RTX Corporation — 8. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for RTX: 27. 2% to $224. 89.
08Which pays a better dividend — LMT or RTX?
All stocks in this comparison pay dividends.
Lockheed Martin Corporation (LMT) offers the highest yield at 2. 6%, versus 1. 5% for RTX Corporation (RTX).
09Is LMT or RTX better for a retirement portfolio?
For long-horizon retirement investors, Lockheed Martin Corporation (LMT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
12), 2. 6% yield, +156. 2% 10Y return). Both have compounded well over 10 years (LMT: +156. 2%, RTX: +234. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between LMT and RTX?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(LMT: 0.3% · RTX: 8.7%)Net Margin>
%
(LMT: 6.4% · RTX: 8.0%)P/E Ratio<
x
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