Lockheed Martin Valuation Multiples

Lockheed Martin Overview

About Lockheed Martin

Lockheed Martin is the world's largest defense contractor and has dominated the Western market for high-end fighter aircraft since it won the F-35 Joint Strike Fighter program in 2001. Aeronautics is Lockheed’s largest segment, which derives upward of two-thirds of its revenue from the F-35. Lockheed’s remaining segments are rotary and mission systems, mainly encompassing the Sikorsky helicopter business; missiles and fire control, which creates missiles and missile defense systems; and space systems, which produces satellites and receives equity income from the United Launch Alliance joint venture.

Founded

1995

HQ

Employees

123.0K

Website

lockheedmartin.com

Sectors

Aircraft & Space SystemsDefense SystemsDefenseTechSpaceTech

Financials (LTM)

Revenue: $76B

EBITDA: $10B

EV

$173B

Valuation Multiples

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Lockheed Martin Financials

Lockheed Martin reported last 12-month revenue of $76B and EBITDA of $10B.

In the same LTM period, Lockheed Martin generated $8B in gross profit, $10B in EBITDA, and $6B in net income.

Lockheed Martin P&L

In the most recent fiscal year, Lockheed Martin reported revenue of $75B and EBITDA of $9B.

Lockheed Martin expects next 12-month revenue of XXX and NTM EBITDA of XXX

Lockheed Martin Stock Performance

Lockheed Martin has current market cap of $156B, and enterprise value of $173B.

Lockheed Martin's stock price is $676.70.

Lockheed Martin Valuation Multiples

Lockheed Martin trades at 2.3x EV/Revenue multiple, and 17.4x EV/EBITDA.

Lockheed Martin Financial Valuation Multiples

As of April 6, 2026, Lockheed Martin has market cap of $156B and EV of $173B.

Equity research analysts estimate Lockheed Martin's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Lockheed Martin has a P/E ratio of 28.3x.

Lockheed Martin Margins & Growth Rates

Lockheed Martin's revenue in the last 12 month grew by 5%.

Lockheed Martin's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $-0.0M for the same period.

Lockheed Martin's rule of 40 is 20% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Lockheed Martin's rule of X is 28% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Lockheed Martin Public Comps

See public comps and valuation multiples for other Aircraft & Space Systems and Defense Systems comps.

Lockheed Martin M&A Activity

Lockheed Martin acquired XXX companies to date.

Last acquisition by Lockheed Martin was on XXXXXXXX, XXXXX. Lockheed Martin acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Lockheed Martin Investment Activity

Lockheed Martin invested in XXX companies to date.

Lockheed Martin made its latest investment on XXXXXXXX, XXXXX. Lockheed Martin invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).