Lockheed Martin Corp.

Lockheed Martin Corp.

LMT

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Market Cap$140.48B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Lockheed Martin Corp.Lockheed Martin Corp.22.32.24%72%1.83.7

Earnings Call Q2 2026

July 23, 2026 - AI Summary

Record backlog + strong demand signals (good/surprising): - Backlog hit an all-time high of $230B, up about $64B vs. Q2 2025. - Book-to-bill: 3.2x in Q2. - Major awards cited included $35B / 7-year MDA contract to quadruple fat interceptor production, plus an Army $3B” dimer” production contract, a RADAR award up to $1.1B, and additional space/strategic wins.
Q2 financial performance: accelerating revenue + margin + cash flow (good): - Sales: $20.1B, +11% YoY (+7% YoY excluding prior-year unfavorable adjustments). - Segment operating margin: 10.8%, with profit $2.2B (improved YoY). - EPS: $7.94 (up YoY). - Free cash flow: $2.9B vs - $150M in Q2 2025 (improved from timing of receipts and lower taxes; ERP-related dip from last quarter “restored”).
Raised 2026 guidance across the board (forecast/upside): - Total sales: raised to $79.75B–$81.75B (~8% YoY at midpoint, vs prior ~5%). - Segment operating profit: raised to $8.5B–$8.7B. - Free cash flow: raised to $7.0B–$7.2B. - EPS: $29.95–$30.65 (higher profits + lower effective tax rate). - Capex guidance: $2.0B–$2.4B (noted as benefiting from efficiencies in munition buildout). - Management highlighted that H2 2026 growth should accelerate (back half high single digits / possibly low double digits YoY, vs mid-single-digit in H1).

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$624.40

Target Price by Analysts

4.4% upsideLockheed Martin Target Price DetailsTarget Price
$937.18

Current Fair Value

56.7% upside

Undervalued by 56.7% based on the discounted cash flow analysis.

Share Statistics

Market cap$140.48 Billion
Enterprise Value$169.38 Billion
Dividend Yield$13.65 (2.24%)
Earnings per Share$21.56
Beta0.11
Outstanding Shares230,200,000

Return

Return on Equity71.70%ROE
Return on Assets10.07%
Return on Invested Capital22.22%

Valuation & Multiples

P/E Ratio22.34P/E Ratio
PEG5.11PEG
Price to Sales1.79Price to Sales
Price to Book Ratio15.74Price to Book Ratio
Enterprise Value to Revenue2.2
Enterprise Value to EBIT19.72
Enterprise Value to Net Income26
Total Debt to Enterprise0.19
Debt to Equity3.73Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 28, 2026
EPS Estimate
$7.21
Average shareholder expectation
Revenue Estimate
$19.36 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 20, 2026
EPS Estimate
$7.42
Average shareholder expectation
Revenue Estimate
$20.42 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.6399 22.67%
Total Calls207,535 93.42%
Total Puts132,800 95.14%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %31.37% 44.02%
Total Invested$36.37B 65.08%
Investors Holding1,829 1149.00%

ESG Score

No data

About Lockheed Martin Corp.

CEO: James Taiclet