Lockheed Martin Corporation

NYSE:LMT Stock Report

Market Cap: US$109.9b

Lockheed Martin Past Earnings Performance

Past criteria checks 5/6

Lockheed Martin has been growing earnings at an average annual rate of 2%, while the Aerospace & Defense industry saw earnings growing at 4.7% annually. Revenues have been growing at an average rate of 3.6% per year. Lockheed Martin's return on equity is 101.2%, and it has net margins of 10.2%.

Key information

2.0%

Earnings growth rate

4.4%

EPS growth rate

Aerospace & Defense Industry Growth5.4%
Revenue growth rate3.6%
Return on equity101.2%
Net Margin10.2%
Last Earnings Update31 Dec 2023

Recent past performance updates

Recent updates

Lockheed Martin: Robust Backlog Points To Sustained Growth

Mar 24

Lockheed Martin: Momentum Is Building For A Counter Trend Bounce

Mar 16

Returns At Lockheed Martin (NYSE:LMT) Appear To Be Weighed Down

Mar 11
Returns At Lockheed Martin (NYSE:LMT) Appear To Be Weighed Down

Is There An Opportunity With Lockheed Martin Corporation's (NYSE:LMT) 42% Undervaluation?

Feb 25
Is There An Opportunity With Lockheed Martin Corporation's (NYSE:LMT) 42% Undervaluation?

Lockheed Martin: Problems Are Piling Up

Feb 21

Is Lockheed Martin (NYSE:LMT) A Risky Investment?

Feb 09
Is Lockheed Martin (NYSE:LMT) A Risky Investment?

Lockheed Martin Q4: Anticipated Growth From Tactical & Strike Missiles And PAC-3 Defense

Jan 25

Analysts Have Made A Financial Statement On Lockheed Martin Corporation's (NYSE:LMT) Annual Report

Jan 25
Analysts Have Made A Financial Statement On Lockheed Martin Corporation's (NYSE:LMT) Annual Report

Lockheed Martin: Present Defense Spending Doesn't Indicate Long-Term High Returns

Jan 18

Lockheed Martin: A Solid Bet On The Future Of Defense And Aerospace (Rating Upgrade)

Jan 09

There's Reason For Concern Over Lockheed Martin Corporation's (NYSE:LMT) Price

Jan 01
There's Reason For Concern Over Lockheed Martin Corporation's (NYSE:LMT) Price

Lockheed Martin: A Huge Moat, >10% Annual Return Potential, And Protection Against Mayhem

Dec 28

Lockheed Martin Looks Strong, But Fairly Valued Already

Nov 25

Is There An Opportunity With Lockheed Martin Corporation's (NYSE:LMT) 26% Undervaluation?

Nov 21
Is There An Opportunity With Lockheed Martin Corporation's (NYSE:LMT) 26% Undervaluation?

Lockheed Martin (NYSE:LMT) Seems To Use Debt Quite Sensibly

Nov 08
Lockheed Martin (NYSE:LMT) Seems To Use Debt Quite Sensibly

Lockheed Martin: Preparing For The Known

Nov 07

Lockheed Martin: Defense To Diversify

Oct 25

Lockheed Martin: Q3 Is More Of The Same, No Market-Beating Returns Here

Oct 18

Lockheed Martin (NYSE:LMT) Is Increasing Its Dividend To $3.15

Oct 12
Lockheed Martin (NYSE:LMT) Is Increasing Its Dividend To $3.15

Lockheed Martin Remains A Buy Amidst Global Tension

Oct 10

Why We Like The Returns At Lockheed Martin (NYSE:LMT)

Oct 10
Why We Like The Returns At Lockheed Martin (NYSE:LMT)

Lockheed Martin: Not Too Big To Downsize

Oct 03

Fortress Of Dividends: Lockheed Martin's 3% Yield Is Among The Best Money Can Buy

Sep 18

Lockheed Martin Corporation (NYSE:LMT) Shares Could Be 29% Below Their Intrinsic Value Estimate

Aug 22
Lockheed Martin Corporation (NYSE:LMT) Shares Could Be 29% Below Their Intrinsic Value Estimate

Lockheed Martin: Huge Growth Ahead

Aug 18

Does Lockheed Martin (NYSE:LMT) Have A Healthy Balance Sheet?

Aug 07
Does Lockheed Martin (NYSE:LMT) Have A Healthy Balance Sheet?

Lockheed Martin Q2 Earnings Preview: Preparing For Takeoff

Jul 17

Lockheed Martin (NYSE:LMT) Has Some Way To Go To Become A Multi-Bagger

Jul 10
Lockheed Martin (NYSE:LMT) Has Some Way To Go To Become A Multi-Bagger

Dividend Delight: Lockheed Martin Rides High On Favorable Winds

Jun 21

A Look At The Fair Value Of Lockheed Martin Corporation (NYSE:LMT)

May 16
A Look At The Fair Value Of Lockheed Martin Corporation (NYSE:LMT)

These 4 Measures Indicate That Lockheed Martin (NYSE:LMT) Is Using Debt Reasonably Well

May 01
These 4 Measures Indicate That Lockheed Martin (NYSE:LMT) Is Using Debt Reasonably Well

Lockheed Martin (NYSE:LMT) Is Achieving High Returns On Its Capital

Apr 02
Lockheed Martin (NYSE:LMT) Is Achieving High Returns On Its Capital

Lockheed Martin receives $164.3M US Army

Feb 24

Lockheed Martin: Western Fiscal Realities May Sink Hopes Of Higher Defense Spending

Feb 13

Calculating The Fair Value Of Lockheed Martin Corporation (NYSE:LMT)

Feb 09
Calculating The Fair Value Of Lockheed Martin Corporation (NYSE:LMT)

Is Lockheed Martin Stock A Buy After Earnings? Yes, On Any Weakness

Jan 30

Lockheed Martin Non-GAAP EPS of $7.79 beats by $0.42, revenue of $18.99B beats by $740M

Jan 24

We Think Lockheed Martin (NYSE:LMT) Can Stay On Top Of Its Debt

Jan 23
We Think Lockheed Martin (NYSE:LMT) Can Stay On Top Of Its Debt

Lockheed Martin secures $260.8M Navy contract modification

Jan 10

Lockheed Martin unit awarded $7.84B modification contract

Jan 02

Lockheed Martin (NYSE:LMT) Is Investing Its Capital With Increasing Efficiency

Dec 26
Lockheed Martin (NYSE:LMT) Is Investing Its Capital With Increasing Efficiency

Lockheed Martin receives $1.05B contract by U.S. Navy

Dec 23

Lockheed Martin awarded $302.24M and $245.75M contracts by U.S. government

Dec 16

Lockheed Martin awarded $2.22B contract by U.S. government

Dec 08

Lockheed Martin (NYSE:LMT) Has Announced That It Will Be Increasing Its Dividend To $3.00

Nov 29
Lockheed Martin (NYSE:LMT) Has Announced That It Will Be Increasing Its Dividend To $3.00

Lockheed Martin: Sustainable Competitive Advantage

Nov 09

Lockheed Martin (NYSE:LMT) Has Announced That It Will Be Increasing Its Dividend To $3.00

Nov 04
Lockheed Martin (NYSE:LMT) Has Announced That It Will Be Increasing Its Dividend To $3.00

Lockheed Martin (NYSE:LMT) Has Announced That It Will Be Increasing Its Dividend To $3.00

Oct 21
Lockheed Martin (NYSE:LMT) Has Announced That It Will Be Increasing Its Dividend To $3.00

An Intrinsic Calculation For Lockheed Martin Corporation (NYSE:LMT) Suggests It's 32% Undervalued

Oct 19
An Intrinsic Calculation For Lockheed Martin Corporation (NYSE:LMT) Suggests It's 32% Undervalued

Lockheed Martin Non-GAAP EPS of $6.87 beats by $0.15, revenue of $16.58B misses by $110M, reaffirms FY2022 Outlook

Oct 18

Lockheed Martin (NYSE:LMT) Will Pay A Larger Dividend Than Last Year At $3.00

Oct 06
Lockheed Martin (NYSE:LMT) Will Pay A Larger Dividend Than Last Year At $3.00

Lockheed Martin among others to nab $5.1B Naval Air Systems contract

Oct 03

Lockheed Martin (NYSE:LMT) Has A Pretty Healthy Balance Sheet

Sep 29
Lockheed Martin (NYSE:LMT) Has A Pretty Healthy Balance Sheet

Revenue & Expenses Breakdown
Beta

How Lockheed Martin makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NYSE:LMT Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2367,5716,920-4990
24 Sep 2367,6886,966-5090
25 Jun 2367,3937,060-5230
26 Mar 2366,1465,6889070
31 Dec 2265,9845,7328650
25 Sep 2264,7225,8698950
26 Jun 2264,1674,7052,5920
27 Mar 2265,7506,2111,1810
31 Dec 2167,0446,3151,2410
26 Sep 2166,3476,0581,2860
27 Jun 2166,8147,197-3320
28 Mar 2166,0057,008-2870
31 Dec 2065,3986,888-2410
27 Sep 2064,2446,594-290
28 Jun 2062,9206,4491830
29 Mar 2061,1276,2433970
31 Dec 1959,8126,2306080
29 Sep 1958,3455,9856530
30 Jun 1957,4925,8506940
31 Mar 1956,4635,5937350
31 Dec 1853,7625,0467770
30 Sep 1853,1952,9768650
24 Jun 1851,2182,4668570
25 Mar 1850,3832,2588510
31 Dec 1749,9601,8907460
24 Sep 1749,8683,6665610
25 Jun 1749,0783,7923750
26 Mar 1748,0923,7361880
31 Dec 1647,2903,6614710
25 Sep 1645,0163,61100
26 Jun 1643,5253,27800
27 Mar 1640,7933,05400
31 Dec 1540,5363,12600
27 Sep 1541,5463,21300
28 Jun 1542,6003,34500
29 Mar 1545,0613,55900
31 Dec 1439,9463,25300
28 Sep 1444,6033,19800
29 Jun 1444,8363,15200
30 Mar 1444,9383,12200
31 Dec 1345,3582,95000
29 Sep 1345,9243,03100
30 Jun 1346,4462,91600
31 Mar 1346,9592,83800

Quality Earnings: LMT has high quality earnings.

Growing Profit Margin: LMT's current net profit margins (10.2%) are higher than last year (8.7%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: LMT's earnings have grown by 2% per year over the past 5 years.

Accelerating Growth: LMT's earnings growth over the past year (20.7%) exceeds its 5-year average (2% per year).

Earnings vs Industry: LMT earnings growth over the past year (20.7%) exceeded the Aerospace & Defense industry 18%.


Return on Equity

High ROE: Whilst LMT's Return on Equity (101.24%) is outstanding, this metric is skewed due to their high level of debt.


Return on Assets


Return on Capital Employed


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