Why did Lockheed Martin (LMT) stock move recently?

On 7/23/2026, Lockheed Martin moved +10.5% — Lockheed Martin beat Q2 estimates and raised its full-year sales, EPS and free cash flow guidance amid record backlogs and surging defense demand, triggering the sharp rally. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Lockheed Martin (LMT) overvalued or fairly valued?

MarketChacha shows Lockheed Martin's valuation in context — a trailing P/E of about 26.1, a forward P/E of about 18.2, a price-to-book of about 15.6 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Lockheed Martin's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.36×) from reported figures — education, not a rating.

What is Lockheed Martin's revenue?

Lockheed Martin reported revenue of $75.0B for FY2025, with net profit of $5.0B, per official filings.

What is the share price of Lockheed Martin (LMT)?

Lockheed Martin last traded at $594.39 (-2.1% on the day), as of 8/19/2026 — a delayed quote shown for education, not investment advice.

Lockheed Martin

LMT · NYSE · Defense · United States

Snapshot

TickerLMT

ExchangeNYSE

SectorDefense

IndustryAerospace & Defense

CountryUnited States

Employees123,000

HeadquartersBethesda, United States

Websitewww.lockheedmartin.com

Filings tracked13

About Lockheed Martin

Lockheed Martin Corporation, an aerospace and defense company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services in the United States, Europe, Asia, the Middle East, and internationally. The company operates through four segments: Aeronautics; Missiles and Fire Control (MFC); Rotary and Mission Systems (RMS); and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment provides air and missile defense systems; tactical missiles and precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; and ground vehicles. The RMS segment offers military and commercial helicopters, surface ships, sea- and land-based missile defense systems, radar and laser systems, sea- and air-based mission and combat systems, command and control mission solutions, cyber solutions, simulation and training solutions, and services and support for surface ships. The Space segment provides satellites; space transportation systems; strategic, advanced strike, and defensive systems; and classified systems and services in support of national security systems. This segment also provides network-enabled situational awareness; and integrates space and ground global systems to help its customers gather, analyze, and securely distribute critical intelligence data. It primarily serves the U.S. government and international customers, as well as foreign military sales contracted through the U.S. government. The company was formerly known as The Lockheed Corporation and changed its name to Lockheed Martin Corporation in March 1995. Lockheed Martin Corporation was founded in 1912 and is based in Bethesda, Maryland.

Who owns it

Insiders0.1%
Institutions79.5%
Public & other20.4%

3,290 institutional holders

Ownership breakdown from public market data.

Top holders

State Street Corporation14.29%
Blackrock Inc.8.18%
Vanguard Capital Management LLC6.13%
Charles Schwab Investment Management, Inc.3.38%
Corient Private Wealth LP3.08%
Morgan Stanley2.47%
Vanguard Portfolio Management LLC2.41%
Geode Capital Management, LLC2.26%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 3.6 points over the period — profitability is trending down.

Cash conversion1.36×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend10.2% → 6.7%

Margin has compressed by about 3.6 points over the period — profitability is trending down.

Return on equity74.6%

Latest ROE of 74.6% — capital is generating a healthy return.

Growth qualityrev 5% · PAT -15%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $22.5B · EPS 8.43

Est. earnings growth +45.0%

Next fiscal year

Rev $85.3B · EPS 32.69

Est. earnings growth +7.3%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$75.0B

Net margin

6.7%

ROE

74.6%

Revenue CAGR (2y)

+5.4%

Profit CAGR (2y)

-14.9%

EPS (FY2025)

21.49

Net profit (FY2025)

$5.0B

Ask MarketChacha about LMT

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Jul 23, 2026
Lockheed Martin beat Q2 estimates and raised its full-year sales, EPS and free cash flow guidance amid record backlogs and surging defense demand, triggering the sharp rally.
source 1 ↗source 2 ↗source 3 ↗· confidence: high

Daily moves with the verified reason behind them. Education only — not investment advice.

On MarketChacha

Posts about LMT

Why did Lockheed Martin (LMT) pop ~11% — its biggest day in 25 years?c/usmarkets · 7/23/2026▲ 0

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$75.0B	$5.0B	21.49	6.7%	74.6%
FY2024	$71.0B	$5.3B	22.31	7.5%	84.3%
FY2023	$67.6B	$6.9B	27.55	10.2%	101.2%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$20.1B	$1.8B	7.94	9.2%
2026Q1	$18.0B	$1.5B	6.44	8.3%
2025Q3	$18.6B	$1.6B	6.95	8.7%
2025Q2	$18.2B	$342.0M	1.46	1.9%
2025Q1	$18.0B	$1.7B	7.28	9.5%
2024Q3	$17.1B	$1.6B	6.80	9.5%
2024Q2	$18.1B	$1.6B	6.85	9.1%
2024Q1	$17.2B	$1.5B	6.39	9.0%
2023Q3	$16.9B	$1.7B	6.73	10.0%
2023Q2	$16.7B	$1.7B	6.63	10.1%
2023Q1	$15.1B	$1.7B	6.61	11.2%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC7/23/2026
8-K — Results of operations, Exhibits
SEC7/23/2026material
8-K — Shareholder vote results
SEC5/13/2026material
8-K — Results of operations, Exhibits
SEC4/23/2026material
10-Q filing
SEC4/23/2026
8-K — Results of operations, Exhibits
SEC1/29/2026material
10-K filing
SEC1/29/2026

2025

8-K — Other events
SEC12/18/2025material
8-K — Material agreement, Exhibits
SEC12/9/2025material
8-K — Results of operations, Exhibits
SEC10/21/2025material
10-Q filing
SEC10/21/2025
8-K — Material agreement, Exhibits
SEC8/29/2025material
8-K — Other events, Exhibits
SEC7/28/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.