Lockheed Martin's revenue growth accelerated to 11.3% year-over-year in 2026Q3 against a record $230B backlog and deferred revenue expanding 38% to $12.6B, suggesting multi-year visibility across Aeronautics and MFC.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth reaccelerated to 11.3% in 2026Q3 with operating margin at 11.8%, but gross margin of 11.8% remains structurally compressed versus the 12.9% peak in 2025Q1 and well below peer levels near 20%.
Lockheed Martin reported strong first-quarter results, contributing to a 33.35% stock appreciation since April 2025.
The company maintains a $173 billion backlog, indicating sustained demand and future revenue visibility.
Lockheed Martin has shown improved segment margins, reflecting better operational efficiency and profitability.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 22, 2026 | $7.97+6.0% vs $7.52 | $20.7B+1.1% vs $20.5B |
Q3 2026 Jul 23, 2026 | $7.94+10.4% vs $7.19 | $20.1B+3.7% vs $19.3B |
Q2 2026 Apr 23, 2026 | $6.44-4.5% vs $6.74 | $18.0B-1.1% vs $18.2B |
Q1 2026 Jan 29, 2026 | $5.80-18.0% vs $7.07 | $20.3B+8.6% vs $18.7B |
Lockheed Martin shares have gained 12% in six months, backed by record backlog, rising global defense demand, major contracts and strategic acquisitions.
Lockheed (LMT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Recent earnings from global defense companies show conventional weapons continue to drive growth, alongside surging demand for drones and advanced defense technologies. Hensoldt CFO Christian Ladurner told CNBC the firm saw growing demand for air defense systems as militaries confront a range of threats, from small drones to ballistic missiles.
While the broader market rallied, defense contractors got hammered after the midterms flipped Congress. A massive spending request now hangs in limbo, and one number on Lockheed's chart may reveal whether Wall Street sees a ceiling or a floor.
Benchmark LMT against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Lockheed Martin Corporation (LMT)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $567.08 | $130.88B | 26.39 | 5.65% | 6.68% | 76.87% | 2.38% | |
| $189.53 | $255.44B | 38.21 | 9.74% | 8.88% | 12.44% | 1.39% | |
| $525.01 | $74.58B | 18.05 | 2.24% | 10.37% | 25.7% | 1.71% | |
| $354.06 | $95.79B | 22.90 | 10.13% | 8.24% | 17.6% | 1.64% | |
| $173.40 | $137.05B | 69.92 | 34.5% | 8.07% | 126.96% | 0.25% | |
| $259.89 | $48.42B | 30.47 | 2.53% | 8.76% | 10.05% | 1.84% |
Lockheed Martin Corporation (LMT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Lockheed Martin Corporation (LMT) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 22, 2026·SEC
Jul 23, 2026·SEC
May 13, 2026·SEC
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Lockheed Martin Corporation (LMT) stock FAQ — growth, dividends, profitability & financials explained
Lockheed Martin Corporation (LMT) reported $79.13B in revenue over the trailing twelve months. Revenue was $75.06B in fiscal year 2025. That is 179% more than the $26.88B of fiscal year 1996.
Lockheed Martin Corporation (LMT) grew revenue by 5.7% in fiscal year 2025, compared with the prior fiscal year.
Yes. Lockheed Martin Corporation (LMT) earned $6.51B in net income over the trailing twelve months (a 8.2% net margin).
Yes. Lockheed Martin Corporation (LMT) pays a dividend that yields 2.38% at the current price, a moderate yield.
Lockheed Martin Corporation (LMT) had a return on equity (ROE) of 76.9% in fiscal year 2025. That is well above the market's typical 10-15%.
Lockheed Martin Corporation (LMT) generated $8.38B in free cash flow over the trailing twelve months.
