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Lockheed Martin LMT Price / book

Price / book at other companies

Boeing logo
BoeingBA
26.1×
General Dynamics logo
General DynamicsGD
3.6×+0.3×
Raytheon Technologies logo
Raytheon TechnologiesRTX
3.9×+1.0×
L3Harris Technologies logo
L3Harris TechnologiesLHX
+0.9×
Textron logo
TextronTXT
2.1×+0.4×
Northrop Grumman logo
Northrop GrummanNOC
5.7×+0.7×

Other financials

Income statement

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Revenue$18.0B+0.3%
Gross profit$2.1B-10.5%
Operating income$2.1B-13.0%
Net income$1.5B-13.1%
EPS (diluted)$6.44-11.5%

Balance sheet

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Cash & equivalents$1.9B+5.1%
Total debt$20.7B+1.9%
Total equity$7.5B+12.1%
Total assets$59.2B+4.5%

Cash flow

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Operating cash flow$220.0M-84.4%
CapEx$511.0M+12.6%
Free cash flow-$291.0M-130%

Valuation

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Market cap$122.73B+32.9%
Enterprise value$141.54B+28.2%
P/E25.6×+8.8×
P/S1.6×+0.3×

Profitability

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Gross margin9.8%-0.3pp
Operating margin9.9%-0.4pp
Net margin6.4%-1.3pp

Returns & leverage

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Return on equity67.6%-14.9pp
Debt / equity2.8×-0.3×
Current ratio1.1×+0.1×

Where this comes from

Calculated from Lockheed Martin’s reported figures.

Based on the most recent quarter.

The official record: Lockheed Martin’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lockheed Martin's price / book?
Lockheed Martin (LMT) reported price / book of 18.6× in Q1 2026.
How has Lockheed Martin's price / book changed year-over-year?
Lockheed Martin's price / book increased by 18.6% year-over-year, from 15.7× to 18.6×.
What is the long-term trend for Lockheed Martin's price / book?
Over 4 years (2021 to 2025), Lockheed Martin's price / book has grown at a 8.8% compound annual growth rate (CAGR), from 51× to 71.4×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.