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Lockheed Martin LMT Price / book

Price / book at other companies

Boeing logo
BoeingBA
28×
General Dynamics logo
General DynamicsGD
3.6×+0.4×
Raytheon Technologies logo
Raytheon TechnologiesRTX
3.8×+0.8×
L3Harris Technologies logo
L3Harris TechnologiesLHX
2.9×+0.2×
Textron logo
TextronTXT
2.1×+0.2×
Kratos Defense & Security Solutions logo
Kratos Defense & Security SolutionsKTOS
3.9×+0.6×

Other financials

Income statement

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Revenue$20.1B+10.5%
Gross profit$2.4B+233%
Operating income$2.5B+231%
Net income$1.8B+437%
EPS (diluted)$7.94+444%

Balance sheet

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Cash & equivalents$3.8B+193%
Total debt$20.5B-5.1%
Total equity$8.8B+64.4%
Total assets$62.5B+6.1%

Cash flow

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Operating cash flow$3.2B+1,509%
CapEx$318.0M-9.4%
Free cash flow$2.9B

Valuation

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Market cap$134.49B+36.0%
Enterprise value$151.24B+26.8%
P/E21.4×-2.1×
P/S1.8×+0.4×

Profitability

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Gross margin11.8%+3.6pp
Operating margin11.9%+3.6pp
Net margin8.2%+2.3pp
FCF margin11.3%+6.5pp

Returns & leverage

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Return on equity89.2%+16.1pp
Debt / equity2.3×-1.7×
Current ratio1.2×+0.2×

Where this comes from

Calculated from Lockheed Martin’s reported figures.

Based on the most recent quarter.

The source filing: Lockheed Martin’s 10-Q, filed July 23, 2026. Open the filing →

Filed
Jul 23, 2026, 4:38 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-049411

FAQ

What is Lockheed Martin's price / book?
Lockheed Martin (LMT) reported price / book of 13.4× in Q2 2026.
How has Lockheed Martin's price / book changed year-over-year?
Lockheed Martin's price / book decreased by 33.7% year-over-year, from 20.2× to 13.4×.
What is the long-term trend for Lockheed Martin's price / book?
Over 5 years (2020 to 2025), Lockheed Martin's price / book has grown at a 0.5% compound annual growth rate (CAGR), from 16.3× to 16.7×.
What does price / book mean?
Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

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