Last 47 quarters of trend data · Industrials · Aerospace & Defense
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 25.66 | 15.98 | 23.91 | 20.85 | 17.53 | 78.53 | 15.16 | 54.72 | 21.41 | 17.05 | 17.80 | 14.95 | 15.37 | 17.32 | 17.95 | 16.44 | 15.39 | 90.31 | 17.61 | 11.89 | 39.54 |
| — | -79.7% | +57.7% | -61.9% | -18.1% | +360.6% | -14.8% | +266.1% | +39.3% | -1.6% | -0.8% | -9.0% | -0.2% | -80.8% | +1.9% | +38.2% | -61.1% | +516.6% | +26.7% | -14.5% | +147.4% | |
| P/S Ratio | 1.70 | 1.46 | 1.97 | 1.38 | 1.52 | 1.48 | 1.45 | 1.55 | 2.03 | 1.54 | 1.60 | 1.48 | 1.53 | 1.74 | 2.01 | 1.65 | 1.65 | 1.81 | 2.04 | 1.37 | 1.51 |
| — | -1.2% | +36.6% | -10.8% | -24.9% | -4.2% | -9.5% | +4.6% | +32.5% | -11.5% | -20.3% | -10.7% | -7.1% | -3.5% | -1.7% | +20.3% | +9.2% | +15.9% | +29.9% | -6.1% | -8.1% | |
| P/B Ratio | 19.03 | 13.37 | 19.00 | 16.69 | 18.36 | 20.14 | 15.54 | 18.19 | 19.30 | 18.12 | 16.53 | 16.32 | 11.16 | 12.61 | 12.58 | 13.56 | 9.15 | 9.78 | 12.21 | 8.90 | 10.06 |
| — | -33.6% | +22.3% | -8.2% | -4.9% | +11.1% | -5.9% | +11.4% | +72.9% | +43.8% | +31.4% | +20.3% | +21.9% | +29.0% | +3.0% | +52.4% | -9.1% | -40.0% | -24.3% | -46.2% | -53.8% | |
| P/FCF | 18.43 | 10.05 | — | 10.17 | 8.48 | — | 27.19 | 65.29 | 16.68 | 18.58 | 21.86 | 16.79 | 10.24 | 37.77 | 23.89 | 25.44 | 10.04 | 27.20 | 26.73 | 6.66 | 14.95 |
| — | — | — | -84.4% | -49.2% | — | +24.4% | +288.9% | +62.9% | -50.8% | -8.5% | -34.0% | +2.0% | +38.8% | -10.7% | +282.1% | -32.9% | -2.8% | +53.6% | -71.0% | -18.9% | |
| EV / EBITDA | 17.15 | 13.51 | 16.37 | 11.61 | 12.20 | 27.85 | 11.05 | 28.78 | 15.33 | 12.83 | 13.29 | 11.75 | 12.26 | 13.20 | 14.24 | 12.69 | 12.09 | 13.23 | 14.58 | 9.36 | 10.09 |
| — | -51.5% | +48.1% | -59.7% | -20.4% | +117.1% | -16.9% | +144.9% | +25.0% | -2.8% | -6.6% | -7.4% | +1.5% | -0.2% | -2.3% | +35.6% | +19.8% | +15.4% | +31.9% | -8.7% | -15.4% | |
| EV / EBIT | 18.74 | 13.51 | 19.72 | 17.81 | 14.86 | 46.23 | 13.28 | 42.45 | 17.84 | 14.56 | 15.13 | 13.29 | 13.39 | 14.62 | 15.31 | 14.49 | 13.21 | 64.56 | 15.01 | 10.01 | 32.28 |
| — | -70.8% | +48.5% | -58.0% | -16.7% | +217.5% | -12.3% | +219.3% | +33.2% | -0.4% | -1.2% | -8.3% | +1.4% | -77.4% | +2.0% | +44.8% | -59.1% | +415.7% | +26.8% | -14.0% | +141.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.2% | 12.2% | 11.5% | 11.4% | 12.0% | 4.0% | 12.9% | 3.7% | 12.4% | 12.2% | 11.6% | 12.2% | 12.1% | 12.5% | 13.5% | 12.1% | 12.8% | 12.7% | 12.8% | 13.7% | 14.4% |
| — | +201.5% | -10.8% | +208.2% | -2.7% | -67.0% | +11.6% | -69.5% | +2.0% | -2.3% | -14.3% | +0.3% | -5.1% | -1.1% | +6.0% | -11.3% | -11.0% | +0.3% | -5.1% | +5.1% | +10.9% | |
| Operating Margin | 10.3% | 12.4% | 11.4% | 11.5% | 12.3% | 4.1% | 13.2% | 3.7% | 12.5% | 11.9% | 11.8% | 12.1% | 12.1% | 12.8% | 13.5% | 12.1% | 13.0% | 12.7% | 12.9% | 13.8% | 14.3% |
| — | +199.9% | -13.3% | +206.8% | -2.1% | -65.2% | +11.9% | -69.2% | +3.4% | -7.3% | -12.4% | +0.6% | -7.1% | +1.0% | +4.3% | -12.8% | -9.0% | -1.6% | -3.8% | +3.0% | +10.0% | |
| Net Margin | 6.7% | 9.2% | 8.3% | 6.6% | 8.7% | 1.9% | 9.5% | 2.8% | 9.5% | 9.1% | 9.0% | 9.9% | 10.0% | 10.1% | 11.2% | 10.1% | 10.7% | 2.0% | 11.6% | 11.6% | 3.8% |
| — | +385.8% | -13.4% | +133.6% | -8.3% | -79.2% | +6.1% | -71.4% | -4.9% | -10.1% | -19.5% | -1.8% | -6.9% | +403.4% | -3.6% | -12.9% | +179.9% | -81.2% | +2.5% | +9.8% | -62.8% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 76.9% | 22.6% | 20.9% | 20.8% | 28.1% | 5.7% | 26.3% | 7.8% | 24.3% | 25.6% | 22.9% | 23.2% | 18.2% | 17.8% | 17.9% | 18.0% | 15.2% | 2.9% | 16.5% | 19.9% | 7.6% |
| — | +296.8% | -20.4% | +167.5% | +15.9% | -77.8% | +14.8% | -66.4% | +33.4% | +43.8% | +28.3% | +28.6% | +19.7% | +517.4% | +8.0% | -9.5% | +100.0% | -89.8% | -44.3% | -38.8% | -80.4% | |
| ROA | 8.7% | 3.0% | 2.5% | 2.2% | 2.7% | 0.6% | 3.0% | 0.9% | 2.9% | 3.0% | 2.9% | 3.4% | 3.0% | 3.0% | 3.1% | 3.6% | 3.4% | 0.6% | 3.4% | 4.0% | 1.2% |
| — | +409.7% | -18.0% | +136.0% | -7.4% | -80.2% | +6.0% | -72.3% | -1.0% | -1.0% | -8.5% | -6.2% | -13.5% | +403.4% | -7.2% | -8.6% | +190.0% | -82.9% | -5.9% | +13.0% | -65.1% | |
| ROIC | 23.9% | 7.2% | 6.1% | 7.1% | 6.8% | 2.2% | 7.2% | 2.2% | 6.9% | 7.0% | 6.6% | 7.5% | 6.6% | 7.0% | 6.8% | 7.9% | 7.7% | 7.1% | 7.5% | 9.8% | 10.0% |
| — | +225.4% | -15.2% | +223.3% | -2.5% | -68.4% | +9.4% | -70.6% | +4.7% | +0.0% | -2.7% | -5.8% | -13.4% | -2.4% | -9.3% | -18.8% | -23.2% | -31.5% | -30.1% | -16.9% | -14.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.23 | 2.34 | 2.76 | 3.23 | 3.59 | 4.06 | 3.04 | 3.20 | 2.68 | 3.12 | 2.92 | 2.55 | 1.88 | 1.90 | 1.62 | 1.68 | 0.96 | 1.02 | 1.16 | 1.07 | 1.21 |
| — | -42.3% | -9.0% | +0.9% | +33.8% | +30.1% | +4.0% | +25.3% | +43.1% | +64.2% | +80.6% | +52.2% | +95.4% | +86.4% | +38.9% | +57.5% | -20.9% | -45.4% | -39.4% | -47.1% | -52.3% | |
| Debt / EBITDA | 2.57 | 8.28 | 8.41 | 7.77 | 8.19 | 18.86 | 7.33 | 17.55 | 7.64 | 7.68 | 8.16 | 6.43 | 7.27 | 7.11 | 6.60 | 5.69 | 4.68 | 5.06 | 5.15 | 4.14 | 4.45 |
| — | -56.1% | +14.7% | -55.7% | +7.3% | +145.6% | -10.1% | +172.8% | +5.0% | +8.1% | +23.5% | +13.0% | +55.3% | +40.3% | +28.3% | +37.4% | +5.2% | +5.1% | +6.6% | -9.8% | -13.4% | |
| Current Ratio | 1.09 | 1.19 | 1.14 | 1.09 | 1.13 | 0.98 | 1.08 | 1.13 | 1.30 | 1.24 | 1.30 | 1.21 | 1.36 | 1.36 | 1.30 | 1.32 | 1.28 | 1.27 | 1.27 | 1.42 | 1.42 |
| — | +21.1% | +5.5% | -3.4% | -13.4% | -20.7% | -17.0% | -7.1% | -3.9% | -8.7% | -0.5% | -8.3% | +5.8% | +6.9% | +2.6% | -6.7% | -9.8% | -6.2% | -7.7% | +1.8% | +6.5% | |
| Quick Ratio | 0.94 | 1.01 | 0.94 | 0.94 | 0.97 | 0.83 | 0.91 | 0.95 | 1.12 | 1.07 | 1.11 | 1.03 | 1.16 | 1.16 | 1.10 | 1.13 | 1.09 | 1.06 | 1.07 | 1.20 | 1.23 |
| — | +20.9% | +4.0% | -1.1% | -13.9% | -22.5% | -18.5% | -7.8% | -3.6% | -7.6% | +1.1% | -8.9% | +6.6% | +9.2% | +2.3% | -6.3% | -11.1% | -7.6% | -6.9% | +5.8% | +9.8% | |
| Interest Coverage | 6.30 | 9.32 | 7.59 | 6.28 | 7.78 | 2.52 | 8.60 | 2.97 | 8.49 | 8.46 | 8.20 | 9.44 | 9.24 | 10.00 | 10.87 | 11.84 | 15.48 | 3.34 | 16.27 | 18.05 | 5.82 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying LMT stock.
Lockheed Martin Corporation's current P/E is 25.7x. The average P/E over the last 4 quarters is 19.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Lockheed Martin Corporation's current operating margin is 10.3%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Lockheed Martin Corporation's business trajectory between earnings reports.