Lockheed Martin Corporation Ratios | P/E, ROE & Valuation

On the Key Ratios page for Lockheed Martin Corporation (LMT), the latest P/E of 20.0 frames valuation, while ROE 86.24% and ROIC 20.07% indicates profitability and capital efficiency. Together with the current ratio of 1.19 and debt-to-equity 2.34, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

LMT Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$334.59$298.12$269.96$250.22$242.56$233.56$212.10$188.97$173.59$158.00
Net Income per Share$27.31$22.39$27.65$21.74$22.85$24.40$22.09$17.74$6.96$17.71
Operating Cash Flow per Share$45.19$29.26$31.64$29.59$33.36$29.23$25.93$11.03$22.50$17.34
Free Cash Flow per Share$37.92$22.19$24.89$23.25$27.85$22.92$20.66$6.54$18.41$13.79
Cash per Share$16.47$10.42$5.76$9.66$13.04$11.29$5.37$2.71$9.94$6.14
Book Value per Share$38.09$26.58$27.31$35.14$39.65$21.56$11.24$5.09$-2.12$5.37
Tangible Book Value per Share$-18.75$-28.32$-24.67$-15.07$-9.26$-27.79$-37.75$-45.04$-52.86$-44.27
Interest Debt per Share$94.04$94.23$73.41$61.32$44.30$45.57$47.19$51.92$51.82$49.93
CAPEX per Share$7.27$7.07$6.76$6.33$5.51$6.31$5.26$4.49$4.09$3.55

LMT Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)19.9821.716.3922.3815.5614.5517.6314.7646.1514.11
Price to Book (P/B)14.318.2916.613.848.9616.5235.1253.44-135.2849.51
Price to Sales (P/S)1.631.631.681.941.471.521.841.391.851.58
Enterprise Value to EBITDA14.4515.2812.416.2311.2110.7213.3211.4514.6413.16
EV to Sales1.851.91.922.141.591.662.021.632.081.85
EV to Operating Cash Flow13.6919.3316.3518.1111.5313.2516.5427.9916.0316.81
EV to Free Cash Flow16.3125.4820.7823.0413.8116.8920.7647.2219.5921.15
Enterprise Value$142.41B$134.73B$129.46B$141.29B$106.31B$108.40B$120.95B$87.83B$103.80B$87.25B

LMT Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)86.24%84.26%101.24%61.86%57.62%113.60%199.23%361.98%-293.12%350.89%
Return on Invested Capital (ROIC)20.07%16.19%20.37%19.30%20.69%19.40%21.12%19.82%7.13%12.83%
Return on Tangible Assets12.74%12.54%17.54%14.46%16.91%18.52%18.48%16.48%6.27%16.09%
Earnings Yield5.02%4.61%6.10%4.47%6.43%6.87%5.67%6.77%2.17%7.09%
Free Cash Flow Yield6.95%4.57%5.49%4.78%7.84%6.46%5.31%2.50%5.73%5.52%
Dividend Yield2.53%2.64%2.69%2.35%2.99%2.78%2.33%3.15%2.34%2.74%

LMT Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio1.191.131.211.321.421.391.221.121.381.2
Interest Coverage8.246.779.2913.416.0314.6313.0910.9810.368.88
Income Quality1.651.311.141.361.461.21.170.623.230.98
Debt to Equity2.343.382.551.681.072.024.0510.12-20.889.45
Debt to Assets32.89%38.51%33.28%29.40%22.95%24.00%26.62%31.43%30.66%29.87%
Net Debt to EBITDA1.72.151.531.490.850.891.231.741.611.88

LMT Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover22.954.644.414.455.355.685.234.514.875.77
Payables Turnover13.8228.8525.5627.2574.3464.4840.1619.3129.7125.34
Inventory Turnover15.418.4618.8718.6819.4516.0114.2215.489.718.97
Days Sales Outstanding15.978.6582.738268.2864.3169.7680.974.9463.31
Days Payables Outstanding26.4112.6514.2813.394.915.669.0918.912.2814.4
Days of Inventory on Hand23.719.7819.3519.5418.7722.825.6823.5837.5740.69

LMT Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA14.4515.2812.416.2311.2110.7213.3211.4514.6413.16
Market Cap$125.67B$115.80B$113.45B$128.29B$98.24B$99.39B$109.81B$74.49B$92.40B$74.81B
Enterprise Value$142.41B$134.73B$129.46B$141.29B$106.31B$108.40B$120.95B$87.83B$103.80B$87.25B
Dividend Yield2.53%2.64%2.69%2.35%2.99%2.78%2.33%3.15%2.34%2.74%
Payout Ratio50.52%57.33%44.16%52.62%46.56%40.45%41.03%46.51%108.04%38.63%

Frequently Asked Questions

How does Lockheed Martin Corporation’s P/E ratio compare with its history?

On this page, LMT's current P/E is 20.0, compared with a multi-year average around 20.3. When the current P/E sits near its historical average, the multiple is close to that range. Look at trend direction in profitability and cash-flow rows, plus liquidity and leverage, rather than treating the P/E in isolation.

What is Lockheed Martin Corporation market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $125.67B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

How does Lockheed Martin Corporation’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with Lockheed Martin Corporation's own historical range (in the table) and with peers via the Screener and Compare tools. A higher or lower multiple versus peers is a calculated gap, not a recommendation.

How does Lockheed Martin Corporation compare to its competitors in key financial ratios?

The fastest way to compare Lockheed Martin Corporation with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Lockheed Martin Corporation outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do Lockheed Martin Corporation's liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that Lockheed Martin Corporation is financially strong. Current ratio is about 1.19, which is above 1.0 and can indicate more comfortable short-term liquidity. Interest coverage is about 8.24, implying a stronger ability to cover interest expenses. Debt-to-equity is about 2.34, suggesting higher leverage than a low-debt profile. Pair them with ROE/ROIC and cash-flow rows in the table. Tickerplace does not rate the company as a good or poor investment.

What do Lockheed Martin Corporation's financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Lockheed Martin Corporation is sustaining strong returns (for example ROE at 86.24% and ROIC at 20.07%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.