Lockheed Martin - Public Comps and 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

121K+

Website

lockheedmartin.com

Sectors

Aircraft & Space Systems
Defense Systems
DefenseTech
SpaceTech

Financials

LTM Revenue $73.5B

LTM EBITDA $9.2B

EV

$138B

Valuation Multiples

Multiples.vc

Valuation Multiples for 15K+ Public Comps

Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.

Browse Valuation Multiples

Lockheed Martin Financials

As of September 2025, Lockheed Martin reported last 12-month revenue of $73.5B and EBITDA of $9.2B.

In the same period, Lockheed Martin generated $7.2B in LTM gross profit and $5.2B in net income.

See Lockheed Martin valuation multiples based on analyst estimates

Lockheed Martin P&L

In the most recent fiscal year, Lockheed Martin reported revenue of $71.0B and EBITDA of $8.8B.

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

See Lockheed Martin valuation multiples based on analyst estimates

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$73.5B	XXX	$71.0B	XXX	XXX	XXX
Gross Profit	$7.2B	XXX	$6.9B	XXX	XXX	XXX
Gross Margin	10%	XXX	10%	XXX	XXX	XXX
EBITDA	$9.2B	XXX	$8.8B	XXX	XXX	XXX
EBITDA Margin	12%	XXX	12%	XXX	XXX	XXX
EBIT	$7.5B	XXX	$7.0B	XXX	XXX	XXX
EBIT Margin	10%	XXX	10%	XXX	XXX	XXX
Net Profit	$5.2B	XXX	$5.3B	XXX	XXX	XXX
Net Margin	7%	XXX	8%	XXX	XXX	XXX
Net Debt	XXX	XXX	$17.8B	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

.seo-only-financials-wrapper { position: static; left: auto; width: auto; height: auto; overflow: visible; }

Financial performance metrics for Lockheed Martin including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $73.5B. EBITDA for the last twelve months was $9.2B. In the most recent fiscal year, Lockheed Martin achieved $71.0B in revenue and $8.8B in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$73.5B	Analyst estimates available to subscribers	$71.0B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$7.2B	Analyst estimates available to subscribers	$6.9B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	9.8% gross margin	Analyst estimates available to subscribers	9.8% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$9.2B	Analyst estimates available to subscribers	$8.8B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	12.5% EBITDA margin	Analyst estimates available to subscribers	12.4% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	$7.5B	Analyst estimates available to subscribers	$7.0B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	10.2% EBIT margin	Analyst estimates available to subscribers	9.9% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	$5.2B	Analyst estimates available to subscribers	$5.3B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	7.0% net profit margin	Analyst estimates available to subscribers	7.5% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	$17.8B	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Lockheed Martin

This financial data table provides comprehensive performance metrics for Lockheed Martin, a company based in United States of America. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Lockheed Martin generated $73.5B in revenue over the last twelve months.
The company achieved $9.2B in EBITDA over the last twelve months.
Gross profit for the last twelve months was $7.2B.
Net income over the last twelve months reached $5.2B.

Fiscal Year Performance

In the most recent fiscal year, Lockheed Martin reported $71.0B in total revenue.
Fiscal year EBITDA was $8.8B.
The company maintained a gross profit margin of 9.8% in the most recent fiscal year.
EBITDA margin for the fiscal year was 12.4%.
Net profit margin reached 7.5% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Lockheed Martin. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Lockheed Martin Stock Performance

Lockheed Martin has current market cap of $118B, and EV of $138B.

Market Cap Evolution

Lockheed Martin Stock Data

As of October 3, 2025, Lockheed Martin's stock price is $504.

See Lockheed Martin trading valuation data

EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$138B	$118B	XXX	XXX	XXX	XXX	$22.03

Benchmark Trading Valuation Multiples by Industry

Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more

Start Free Trial

Lockheed Martin Valuation Multiples

Lockheed Martin's trades at 1.9x EV/Revenue multiple, and 15.7x EV/EBITDA.

See valuation multiples for Lockheed Martin and 15K+ public comps

Lockheed Martin Financial Valuation Multiples

As of October 3, 2025, Lockheed Martin has market cap of $118B and EV of $138B.

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 22.8x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$118B	XXX	$118B	XXX	XXX	XXX
EV (current)	$138B	XXX	$138B	XXX	XXX	XXX
EV/Revenue	1.9x	XXX	1.9x	XXX	XXX	XXX
EV/EBITDA	15.1x	XXX	15.7x	XXX	XXX	XXX
EV/EBIT	18.5x	XXX	19.7x	XXX	XXX	XXX
EV/Gross Profit	19.1x	XXX	n/a	XXX	XXX	XXX
P/E	22.8x	XXX	22.1x	XXX	XXX	XXX
EV/FCF	21.8x	XXX	26.1x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Get Lockheed Martin Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.

Start Free Trial

Lockheed Martin Margins & Growth Rates

Lockheed Martin's last 12 month revenue growth is 4%

Lockheed Martin's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged -$1K 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 23% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for Lockheed Martin and other 15K+ public comps

Lockheed Martin Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	4%	XXX	4%	XXX	XXX	XXX
EBITDA Margin	12%	XXX	12%	XXX	XXX	XXX
EBITDA Growth	15%	XXX	-5%	XXX	XXX	XXX
Rule of 40	20%	XXX	17%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	23%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.6M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	-$1K	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	0%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 220+ Verticals

Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!

Digital Therapeutics

Pharma Analytics

Private Equity

ERP Software

Developer Tools

Consumer SaaS

Streaming Platforms

Explore Valuation Multiples by Industry

Start Free Trial