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LOCKHEED MARTIN CORPORATION

LMT

CIK 0000936468 · Quarterly mode · latest period FY2026 (Q1) (ending 2026-03-29) · sourced from SEC EDGAR

At a glance · FY2026 (Q1)

Revenue
$18.02B
↑+0.3% +$58Mvs FY2025 (Q1)
Operating Income
$2.06B
↓-13.0% -$309Mvs FY2025 (Q1)
Net Income
$1.49B
↓-13.1% -$224Mvs FY2025 (Q1)
Gross Profit
$2.08B
↓-10.5% -$245Mvs FY2025 (Q1)

Quality Score

Quality score

6-dimension fundamental snapshot · latest annual filed values · S&P 500 calibration

Average
45/100
  • Profitability
    96ROIC 24.3% (10% = solid, 20%+ = moat)
  • Liquidity
    32Current Ratio 1.14 (above 1.5 = solid)
  • Leverage
    0D/E 2.74 (under 0.5 = conservative)
  • Efficiency
    81Asset Turnover 1.25x (1.0+ = capital-efficient)
  • Growth
    18Revenue YoY +0.3% (10% = solid, 25%+ = elite)
  • Margin Trend
    42Op Margin 11.4% · trend -0.5pts (4Q avg vs prior 4Q)

Calibrated to S&P 500 medians. Each sub-score is computed from a single CFA-grade ratio (Profitability = ROIC, Liquidity = Current Ratio, Leverage = D/E, Efficiency = Asset Turnover, Growth = Revenue YoY, Margin Trend = 4Q operating-margin avg vs prior 4Q). Overall = simple mean.

DCF intrinsic value

DCF intrinsic value

two-stage Gordon model

Project LMT's free cash flow forward, discount back at your hurdle rate, divide by diluted shares. Edit the assumptions to see how sensitive the intrinsic value is.

4%

Trailing 3-yr CAGR was 4.1%

10%

10% is a common all-equity benchmark for US large-caps

2.5%

Should be ≤ long-run GDP growth (~2.5% nominal)

5

5-year explicit projection + perpetuity terminal

Intrinsic value per share
$430.85
Total enterprise IV
$100.60B
Diluted shares
0.23B
Terminal PV
$71.32B (71% of total)
Year-5 FCF
$8.40B
YearProjected FCFDiscounted PV
+1$7.18B$6.53B
+2$7.47B$6.17B
+3$7.77B$5.84B
+4$8.08B$5.52B
+5$8.40B$5.22B
Terminal$114.86B$71.32B

DCF outputs are HIGHLY sensitive to growth + WACC assumptions. A 1pp WACC change can shift IV by 20%+. Use this as a sanity-check vs market price, not a target — and always cross-check the underlying FCF source (EDGAR cashflow statement, latest annual). Margin of safety convention: 30-50% discount to IV before buying.

Capital allocation · trailing 4 quarters

how the company spent its cash
Capex (TTM)
$1.71B
investment in PP&E
Dividends paid (TTM)
$3.15B
cash returned to holders
Stock buybacks (TTM)
$2.25B
share count reduction
Stock-based comp (TTM)
$327M
non-cash dilution

Balance sheet · 2026-03-29

latest filed snapshot
Total assets
$59.24B
everything owned
Total liabilities
$51.75B
everything owed
Stockholders' equity
$7.49B
shareholder claim
Net debt
$18.64B
LT debt minus cash

Recent performance · 78 quarters

Revenue↑+0.3% +$58M
$18.02B
Net Income↓-13.1% -$224M
$1.49B
Free Cash Flow↓-130.5% -$1.25B
$-291M
Operating Margin↓-1.8pts
11.4%

Drill down

LMT Sankey

See LOCKHEED MARTIN CORPORATION's revenue flow into every line item of the income statement and balance sheet — every dollar accounted for, with prior-period comparison.

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LMT Charts

78 quarters of historical line items — Income, Cash Flow, Balance Sheet, plus margins. Click any chart for the trend dialog.

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LMT Key Metrics

EPS, BVPS, FCF/Share, ROE, ROA, ROIC, D/E, Current Ratio, Quick Ratio, Asset Turnover — 10 CFA-grade fundamentals derived from EDGAR data.

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