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.
The chart shows the growth of an initial investment of $10,000 in Lockheed Martin Corp., comparing it to the performance of the S&P 500 index. All prices have been adjusted for splits and dividends.
Returns By Period
Lockheed Martin Corp. (LMT) has returned 28.88% so far this year and 47.51% over the past 12 months. Looking at the last ten years, LMT has achieved an annualized return of 10.81%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
LMT
1M-5.94%
6M22.93%
YTD28.88%
1Y47.51%
5Y9.98%
10Y10.81%
Benchmark (SPY)
1M-3.85%
6M-2.35%
YTD-4.36%
1Y34.06%
5Y9.80%
10Y12.23%
Monthly Returns
The table below presents the monthly returns of Lockheed Martin Corp. (LMT) with color gradation from worst to best to easily spot seasonal factors.
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2026
31.24%
6.14%
-11.83%
2.29%
2025
-4.73%
-1.84%
-1.36%
6.64%
1.34%
-3.16%
-9.08%
8.29%
10.01%
-0.86%
-6.75%
6.70%
2024
-5.48%
-0.46%
6.30%
2.38%
1.67%
0.24%
15.11%
4.42%
3.04%
-6.84%
-3.39%
-7.48%
2023
-4.16%
2.54%
-0.11%
-1.81%
-4.52%
3.32%
-2.96%
0.30%
-9.18%
11.17%
-1.88%
1.08%
2022
9.71%
11.17%
1.47%
-2.28%
2.45%
-2.95%
-3.71%
0.45%
-7.64%
24.87%
-0.17%
-0.01%
2021
-9.34%
1.65%
10.63%
3.14%
0.64%
-1.53%
-1.49%
-3.36%
-3.68%
-4.32%
0.86%
6.09%
2020
8.98%
-13.89%
-8.72%
19.77%
0.73%
-6.18%
3.45%
3.56%
-1.17%
-8.82%
2.49%
-3.66%
2019
12.13%
6.38%
-3.66%
10.17%
1.28%
7.53%
-0.89%
6.19%
2.38%
-3.77%
3.42%
-0.34%
2018
10.20%
-0.51%
-4.12%
-4.81%
-1.86%
-6.78%
10.85%
-1.59%
8.11%
-15.34%
1.59%
-14.13%
2017
0.05%
6.28%
-0.55%
0.69%
4.30%
-1.27%
5.31%
3.90%
1.42%
-0.85%
3.26%
0.62%
2016
5.65%
1.50%
5.19%
1.81%
-3.82%
-1.40%
3.21%
7.31%
-5.79%
Performance Indicators
The charts below present risk-adjusted performance metrics for Lockheed Martin Corp. (LMT) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
Sharpe ratio
Sortino ratio
Omega ratio
Calmar ratio
Martin ratio
sharpe ratio
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of LMT compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
Volatility Chart
The current Lockheed Martin Corp. volatility is 1.49%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses. Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
Income Statement
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
2025
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2009
Liabilities And Equity (USD)
59.84B
52.46B
52.88B
50.87B
50.71B
47.53B
44.88B
46.52B
47.81B
49.13B
37.07B
36.19B
38.66B
37.91B
35.11B
Equity Attributable To Parent (USD)
6.72B
6.84B
9.27B
10.96B
6.02B
3.13B
1.39B
-683.00M
1.51B
3.10B
3.40B
4.92B
39.00M
1.00B
4.13B
Equity Attributable To Noncontrolling Interest (USD)
Lockheed Martin stock is positioned for potential significant gains over the next five years, supported by soaring global defense budgets and strong capital allocation. The company generates substantial free cash flow ($6.9B in 2025) and returns capital to shareholders through buybacks and dividends ($6.1B last year). With increasing defense spending worldwide, particularly in Europe, and a track record of prudent cash stewardship, the defense contractor could deliver superior long-term returns despite recent pullback from $692 to $600.
The Motley Fool•Todd Shriber
AI Insight
The article presents multiple bullish catalysts including soaring global defense budgets (particularly in Europe), strong free cash flow generation ($6.9B in 2025), prudent capital allocation with $6.1B returned to shareholders, and a solid competitive position. The recent pullback from $692 to $600 is framed as a potential buying opportunity, suggesting upside potential over the next five years.
The article recommends two industrial stocks positioned to benefit from AI spending and manufacturing reshoring: Taiwan Semiconductor Manufacturing (TSMC), which dominates the semiconductor supply chain with strong growth and high margins, and Lockheed Martin, a defense contractor with predictable long-term contracts and growing capacity needs. Both are expected to deliver significant returns over the next decade.
The Motley Fool•Brett Schafer
AI Insight
Lockheed Martin benefits from predictable, decades-long defense contracts, record $194 billion backlog, and growing capacity needs for missile systems. Lower forward P/E of 20 and participation in $185 billion Golden Dome project provide reliable long-term growth.
SpaceX's highly anticipated IPO is confirmed with a potential $1.75 trillion valuation, making it possibly the largest IPO in history. The article argues SpaceX is an attractive investment due to its proven track record with 648 successful rocket launches (98.15% success rate), 55 Crew Dragon missions, and partnerships with NASA. Unlike competitors, SpaceX has a singular focus on space exploration and also operates Starlink satellite internet, positioning it as a comprehensive space investment opportunity.
The Motley Fool•James Hires
AI Insight
Similar to Boeing, Lockheed Martin has significant aerospace/defense experience but is not positioned as a focused space exploration investment compared to SpaceX's singular focus.
As artificial intelligence makes cybersecurity threats more sophisticated, three leading cybersecurity companies are positioned for growth. CrowdStrike's diversified Falcon platform and expanding TAM, Palo Alto Networks' platformization strategy and identity security focus, and Zscaler's zero-trust specialization are all well-positioned to benefit from increased enterprise security spending and the rise of agentic AI.
The Motley Fool•Justin Pope
AI Insight
Mentioned as example of high-stakes cybersecurity importance due to recent hacking breach, but not recommended as investment in this article.
Senate Majority Leader Chuck Schumer stated the Senate will not vote to leave NATO despite President Trump's contemplation of withdrawal. Schumer highlighted that Secretary of State Marco Rubio sponsored a 2023 bill requiring a two-thirds Senate vote for U.S. NATO withdrawal. Markets suggest full U.S. withdrawal by 2027 remains a low-probability risk. NATO Secretary-General Mark Rutte is scheduled to visit Washington next week.
Benzinga•Namrata Sen
AI Insight
Large defense contractor exposed to potential NATO exit risks and accelerating European shift toward independent defense production capabilities.
Lockheed Martin's Orion spacecraft successfully launched on the Artemis II mission, carrying four astronauts on a 10-day deep-space validation mission. The stock traded down 0.25% in premarket at $616.08, showing short-term weakness below its 20 and 50-day moving averages despite strong 12-month performance of 36.38%. Analysts maintain a Hold rating with a $592.38 price target, citing strong quality fundamentals but premium valuation.
Benzinga•Lekha Gupta
AI Insight
Successfully launched Orion spacecraft for Artemis II mission, demonstrating leadership in human spaceflight. Strong 12-month performance of 36.38%, high quality score (95.15), and solid momentum (85.47) support positive outlook despite short-term price weakness and bearish MACD signal.
U.S. stock futures declined sharply on Thursday as President Trump escalated military tensions with Iran, threatening strikes on Iranian infrastructure for another two to three weeks. The S&P 500, Dow, and Nasdaq 100 all fell in premarket trading, with crude oil rising 6.74% amid geopolitical uncertainty. Key stocks including Micron Technology, General Motors, and IBM experienced mixed performance, while analyst Scott Wren maintains a cautiously optimistic 2026 outlook despite current market volatility.
Benzinga•Rishabh Mishra
AI Insight
Stock rose 0.41% following successful launch of Orion Spacecraft for NASA's Artemis II Moon Mission. Positive news offset broader market decline.
President Trump's hints about a potential U.S. withdrawal from NATO are creating uncertainty for major defense contractors. While prediction markets assign only a 12% probability to a formal exit before 2027, a genuine withdrawal could redirect European defense contracts away from U.S. primes toward domestic European manufacturers. Defense stocks face near-term headline risk, though higher global threat perceptions and expanding U.S. defense budgets provide medium-term support.
Benzinga•Erica Kollmann
AI Insight
F-35 and missile-defense orders could face delays or re-scoping as allies consider European alternatives, though its scale and installed base provide a cushion.
The Pentagon announced a landmark framework agreement with Boeing and Lockheed Martin to triple production capacity for PAC-3 Missile Segment Enhancement (MSE) seekers. The seven-year agreement aims to ramp up critical missile supply-chain capacity amid evolving geopolitical risks and is tied to the Trump administration's 'Arsenal of Freedom' initiative, expected to create thousands of jobs across the defense industrial base.
Benzinga•Lekha Gupta
AI Insight
Major defense contract to triple PAC-3 MSE production capacity represents significant revenue growth opportunity. Stock up 2.11% on announcement, up 37.45% over 12 months, and positioned near 52-week highs. Long-term demand drivers from geopolitical risks support positive outlook.
Iranian Foreign Minister Seyed Abbas Araghchi has accused U.S. Secretary of War Pete Hegseth of profiting from military conflict, citing reports that Hegseth's wealth manager attempted to invest millions in a defense industry ETF in February while military operations against Iran were ongoing. The accusation frames the conflict as a 'war of choice' driven by financial motives. The Pentagon dismissed the allegations as false, while Iran indicated it may raise these claims in international forums.
Benzinga•Rishabh Mishra
AI Insight
As a major defense contractor whose valuations are tied to military spending, the company is indirectly associated with the profiteering allegations. The controversy could create reputational risk and increased scrutiny of defense contractor profits during military conflicts.
