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Lockheed Martin
LMTIndustrialsGenerated Aug 19, 2026, 11:14 PM UTC
LMT (Lockheed Martin) analytical snapshot. Revenue grew +5.6% YoY to $75.05B. 5-year revenue CAGR +2.3%; 10y CAGR +5.3%. Net margin at 6.69% (contracting ▼). Market cap $135.97B at $589.15 per share. Trailing P/E 27.42, P/S 1.81, P/B 15.51. EV/Operating income ≈ 19.90 (EV $153.88B). Risk: Elevated. Macro: Risk-on · Supportive. Composite analytical score -4 (data confidence 83%). Descriptive analytics from public filings — not investment advice.
Market cap
$135.97B
230.79M shares
Price
$589.15
NYQ
P/E (ttm)
27.42
Revenue (FY)
$75.05B
YoY +5.6%
Net margin
6.69%
▼ 2.00pp
Free cash flow
$6.91B
9.20% margin
Risk level
Elevated
Free SEC analysis
— computed from SEC filings, free to readFree previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 30Improving
80% conf
Latest annual report (10-K) filed Jan 29, 2026. Latest quarterly report (10-Q) filed Jul 23, 2026. 13 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Jan 29, 2026.
- Latest quarterly report (10-Q) filed Jul 23, 2026.
- 13 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~10,000+ recent 13F-HR filings reference Lockheed Martin; broad institutional reporting.
- Recent filers include Foresters Asset Management Inc., WINNOW WEALTH LLC, Pathway Financial Advisers, LLC.
- 1 recent 13D activist/beneficial-ownership filings — potential catalyst.
- 19 recent 13G passive institutional ownership notices.
Latest 10-K
Jan 29, 2026
Annual report
Latest 10-Q
Jul 23, 2026
8-K (recent)
13
Insider net
—
0B/0S
13F filers
10k+
Activist 13D
1
Recent 13F institutional filers (SEC EDGAR full-text)
| Filer | Form | Filed |
|---|---|---|
| Foresters Asset Management Inc. | 13F-HR | Nov 14, 2016 |
| WINNOW WEALTH LLC | 13F-HR | Aug 21, 2025 |
| Pathway Financial Advisers, LLC | 13F-HR | Jul 19, 2024 |
| Capital Advisory Group Advisory Services, LLC | 13F-HR | May 18, 2020 |
| Pathway Financial Advisers, LLC | 13F-HR | Jul 19, 2024 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Jul 23, 2026 | 8-K | 8-K |
| May 13, 2026 | 8-K | 8-K |
| Apr 23, 2026 | 8-K | 8-K |
| Jan 29, 2026 | 8-K | 8-K |
| Dec 18, 2025 | 8-K | 8-K |
| Dec 9, 2025 | 8-K | 8-K |
| Oct 21, 2025 | 8-K | 8-K |
| Aug 29, 2025 | 8-K | 8-K |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -24Deteriorating
68% conf
2 risk signal(s), 2 positive signal(s) detected from XBRL filing diff analysis. Strong cash conversion (OCF > NI) combined with growing deferred revenue provides high forward visibility. The business model appears to generate sustainable, recurring cash flows — a positive structural indicator.
- Material weakness in internal controls: The term "material weakness" "internal control" appears in 5 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- NEW: Restatement of financial statements in latest filing: The term "restatement of" "previously issued" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 2 filing(s).
- Operating cash flow exceeds net income: OCF is 1.71x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- Deferred revenue growing — future revenue visibility: Deferred revenue grew +16.8% to $11.44B, providing forward revenue visibility. This is a positive leading indicator for subscription or contract-based businesses.
- Endogenous analysis: Strong cash conversion (OCF > NI) combined with growing deferred revenue provides high forward visibility. The business model appears to generate sustainable, recurring cash flows — a positive structural indicator.
- 4 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 1 new risk-language term(s) detected in filing text: Restatement of financial statements.
- Ongoing high-severity risk language: Material weakness in internal controls.
Revenue
$75.05B
+5.6% YoY
Gross profit
$7.62B
+9.9% YoY
Operating income
$7.73B
+10.2% YoY
Net income
$5.02B
-6.0% YoY
Operating cash flow
$8.56B
+22.7% YoY
Capex
$1.65B
-2.1% YoY
Total assets
$59.84B
+7.6% YoY
Total liabilities
$53.12B
+7.8% YoY
Filing quality score
78/100
4 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $71.04B | $75.05B | $4.00B | +5.6% |
| Gross profit | $6.93B | $7.62B | $689.0M | +9.9% |
| Operating income | $7.01B | $7.73B | $718.0M | +10.2% |
| Net income | $5.34B | $5.02B | $-319.0M | -6.0% |
| Operating cash flow | $6.97B | $8.56B | $1.58B | +22.7% |
| Capex | $1.69B | $1.65B | $-36.0M | -2.1% |
| Total assets | $55.62B | $59.84B | $4.22B | +7.6% |
| Total liabilities | $49.28B | $53.12B | $3.83B | +7.8% |
| Long-term debt | $20.27B | $21.70B | $1.43B | +7.1% |
| Cash & equivalents | $2.48B | $4.12B | $1.64B | +66.0% |
| Stockholders equity | $6.33B | $6.72B | $388.0M | +6.1% |
| Inventory | $3.47B | $3.52B | $50.0M | +1.4% |
| R&D expense | $1.60B | $2.00B | $400.0M | +25.0% |
| Interest expense | $623.0M | $916.0M | $293.0M | +47.0% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | DefinedBenefitPlanNetPeriodicBenefitCost, FairValueLiabilitiesMeasuredOnRecurringBasisObligations, OtherOperatingActivitiesCashFlowStatement, RepaymentsOfLongTermDebt |
| Removed | AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment, AllocatedShareBasedCompensationExpenseNetOfTax, AmortizationOfIntangibleAssets, CapitalizedComputerSoftwareAccumulatedAmortization, CapitalizedComputerSoftwareAmortization1, CapitalizedComputerSoftwareNet, CommercialPaperAtCarryingValue, CommonStockSharesAuthorized, CommonStockSharesIssued, CommonStockSharesOutstanding |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Material weakness in internal controls | high | 5 | 2 | Ongoing |
| Restatement of financial statements | high | 2 | 0 | NEW |
| Impairment charge | medium | 5 | 2 | Ongoing |
| Restructuring | medium | 5 | 8 | Ongoing |
| Off-balance sheet arrangements | medium | 5 | 6 | Ongoing |
Filing signal breakdown
Red flags: 2
Positive: 2
Watch: 0
Red flags
Positive
Watch
Free previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score -5Stable
80% conf
Revenue grew +5.6% YoY to $75.05B. 5-year revenue CAGR +2.3%; 10y CAGR +5.3%. Net margin at 6.69% (contracting ▼).
- Revenue grew +5.6% YoY to $75.05B.
- 5-year revenue CAGR +2.3%; 10y CAGR +5.3%.
- Net margin at 6.69% (contracting ▼).
- Return on equity 74.65%, ROA 8.38%, ROIC 27.20%.
- Gross margin 10.15%, operating margin 10.30%.
- Free cash flow margin 9.20% ($6.91B).
- Net income down ▼ +6.0% YoY.
- Debt/equity 2.47, current ratio 1.19, net debt $17.91B.
- Asset turnover 1.20 — capital efficiency.
Revenue (FY)
$75.05B
YoY +5.6%
Net margin
6.69%
▼ 2.00pp
ROE
74.65%
ROA 8.38%
ROIC
27.20%
EPS (diluted)
$21.49
FY2025
Free cash flow
$6.91B
9.20% margin
Debt / equity
2.47
Cash $3.79B
Current ratio
1.19
Equity $8.77B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2024 | $71.04B | +5.1% | 9.75 | 9.87 | 7.51 | $5.29B | 84.26 |
| 2025 | $75.05B | +5.6% | 10.15 | 10.30 | 6.69 | $6.91B | 74.65 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Sep 29, 2024 | $17.10B | — | — | 9.49% |
| Mar 30, 2025 | $17.96B | — | +5.0% | 9.53% |
| Jun 29, 2025 | $18.16B | — | +1.1% | 1.88% |
| Sep 28, 2025 | $18.61B | — | +2.5% | 8.70% |
| Mar 29, 2026 | $18.02B | — | -3.2% | 8.26% |
| Jun 28, 2026 | $20.06B | — | +11.3% | 9.15% |
Sources:SEC EDGAR — Company Facts (XBRL)
+8 more years of history, charts & full breakdown Pro
Pro analysis — preview
— score, signals & key metrics shown; full reasoning lockedValuation
Valuation Analyst
score -40Deteriorating
95% conf
Market cap $135.97B at $589.15 per share. Trailing P/E 27.42, P/S 1.81, P/B 15.51. EV/Operating income ≈ 19.90 (EV $153.88B).
- Market cap $135.97B at $589.15 per share.
Market cap
$135.97B
230.79M shares
P/E (ttm)
27.42
P/S
1.81
P/B
15.51
EV
$153.88B
Intrinsic (DCF)
$423.13
-28.2% vs price
ProFull breakdown & reasoning locked
Price & Technicals
Technical Analyst
score 65Improving
85% conf
Price $589.15 — uptrend (above 200-DMA); 1-month momentum positive. RSI(14) 55.67.
- Price $589.15 — uptrend (above 200-DMA); 1-month momentum positive.
Price
$589.15
NYQ
RSI(14)
55.67
50-DMA
$546.95
200-DMA
$551.75
Volatility (ann.)
27.68%
52w range
$437.25–$692.00
-14.9% from high
ProFull breakdown & reasoning locked
Macro & Rates
Macro Analyst
score 30Improving
80% conf
Risk-on · Supportive. Real GDP growth 1.50% (quarterly, as of Apr 1, 2026). CPI inflation +3.3% YoY. Fed funds rate 3.63%, 10Y Treasury 4.71%.
- Market regime: Risk-on · Supportive.
GDP growth
1.50%
CPI (YoY)
+3.3%
Fed funds
3.63%
10Y yield
4.71%
10Y−2Y
0.46pp
Unemployment
4.10%
ProFull breakdown & reasoning locked
Risk Scorecard
Risk Analyst
score -20Deteriorating
90% conf
Composite risk Elevated. Leverage debt/equity 2.47 (high). Liquidity current ratio 1.19 (adequate).
- Composite risk: Elevated.
Risk level
Elevated
Debt / equity
2.47
Current ratio
1.19
Margin stdev
1.92pp
Cash / assets
6.07%
Liab / assets
85.96%
ProFull breakdown & reasoning locked
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Macro exposure
Cyclical / growth · High sensitivityMacro regime: Risk-on · Supportive. Lockheed Martin is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
15.84
Fed funds
3.63%
CPI YoY
+3.3%
Analytical read
deterministic previewPrice $589.15 — uptrend (above 200-DMA); 1-month momentum positive..
Risk
Elevated
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow LMT stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
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