About Lockheed Martin Corporation
Lockheed Martin Corporation (LMT) is a Consumer Cyclical company in the Guided Missiles & Space Vehicles & Parts industry with a market capitalisation of $137.8B. The stock trades at 21.15x trailing earnings and yields 2.32%.
- Sector
- Consumer Cyclical
- Industry
- Guided Missiles & Space Vehicles & Parts
- Market cap
- $137.8B
- P/E ratio
- 21.15
- EPS (TTM)
- $21.49
- Revenue (TTM)
- $75B
- Free cash flow
- $6.9B
- Profit margin
- 6.7%
- Dividend yield
- 2.32%
- Shares outstanding
- 231M
Financial health: Fair5/10
3 strengths, 3 concerns. Weakest points: debt to equity, gross margin, earnings growth.
- Debt to equity: 3.23 (Concern, benchmark < 0.5) — Debt of 3.23x equity is high against the 0.5x benchmark. It has deteriorated over the last 4 years.
- Net debt vs cash flow: 2.5y (Strong, benchmark < 4 years) — Net debt of $17.6B is 2.5x annual free cash flow — about 3 years of cash flow to repay.
- Current ratio: 1.09 (Watch, benchmark > 1.5) — Short-term assets cover 1.09x short-term liabilities, against Graham's 1.5x floor. It has deteriorated over the last 4 years.
- Return on equity: 74.7% (Strong, benchmark > 15%) — Earns 74.7% on shareholder equity, comfortably past the > 15% mark.
- Gross margin: 10.2% (Concern, benchmark > 40%) — Keeps 10.2% of revenue after the direct cost of sales, well short of the > 40% mark.
- Net margin: 6.7% (Watch, benchmark > 10%) — Turns 6.7% of revenue into profit, short of the > 10% mark.
- Free cash flow: $6.9B (Strong, benchmark positive) — Generated $6.9B of free cash flow after capital spending. It has improved over the last 4 years.
- Revenue growth: 5.6% (Watch, benchmark > 10%) — Revenue changed 5.6% year on year, short of the > 10% mark.
- Earnings growth: -6.0% (Concern, benchmark > 10%) — Earnings changed -6.0% year on year, well short of the > 10% mark.
- Payout ratio: 62.4% (Watch, benchmark < 60%) — Pays out 62.4% of earnings as dividends — above the level usually considered sustainable.