Lockheed Martin
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
15.6714.9813.9514.52
Price/Sales ratio
1.671.611.571.53
Earnings per Share (EPS)
$28.02$29.30$31.47$30.25

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
16.8818.6914.1046.1514.7617.6214.5415.5522.3816.3917.3914.76
Price/Sales ratio
1.331.461.581.811.381.831.511.461.941.671.621.38
Price/Book Value ratio
17.9421.7549.50-135.2853.4335.1116.528.9613.8416.5916.1235.11
Price/Cash Flow ratio
15.7813.2014.4114.2623.7315.0112.1410.6516.4414.3213.9615.01
Price/Free Cash Flow ratio
20.1916.1818.1317.4340.0518.8415.4812.7520.9218.2117.8118.84
Price/Earnings Growth ratio
0.7310.150.26-0.760.090.711.39-2.44-4.600.601.470.09
Dividend Yield
2.88%2.86%2.73%2.34%3.15%2.32%2.78%2.99%2.35%2.69%2.60%2.32%
Profitability Indicator Ratios
Gross Profit Margin
11.78%11.49%10.88%10.86%13.70%13.98%13.23%13.51%12.55%12.54%12.09%13.98%
Operating Profit Margin
12.26%11.78%11.74%11.59%13.64%14.28%13.21%13.60%12.65%12.58%12.12%14.28%
Pretax Profit Margin
11.53%10.88%10.34%10.32%10.85%12.10%12.59%11.26%10.12%11.98%11.00%10.85%
Net Profit Margin
7.92%7.81%11.22%3.92%9.38%10.41%10.44%9.41%8.68%10.24%9.36%10.41%
Effective Tax Rate
31.26%28.23%23.18%63.38%13.56%13.96%16.35%16.35%14.19%14.54%14.92%13.56%
Return on Assets
9.74%7.33%11.09%4.30%11.24%13.10%13.47%12.41%10.83%13.19%12.02%11.24%
Return On Equity
106.29%116.40%350.89%-293.11%361.97%199.23%113.59%57.62%61.86%101.24%99.40%199.23%
Return on Capital Employed
21.54%15.5%15.73%17.47%24.06%25.46%23.50%24.73%22.56%23.95%22.91%25.46%
Liquidity Ratios
Current Ratio
1.101.151.201.381.111.221.39N/AN/AN/A1.301.11
Quick Ratio
0.850.790.831.020.910.961.131.201.121.021.120.91
Cash ratio
0.130.070.140.220.050.100.220.250.160.080.170.05
Days of Sales Outstanding
47.0957.3963.3673.3380.8969.7564.3168.2881.9982.7283.7880.89
Days of Inventory outstanding
26.1544.3540.4835.9923.5725.6722.8018.7619.5319.3418.8325.67
Operating Cycle
73.24101.75103.84109.33104.4795.4387.1187.04101.53102.07102.61102.61
Days of Payables Outstanding
14.2415.5914.3211.7618.899.085.664.9113.3914.2818.7518.75
Cash Conversion Cycle
59.0086.1589.5197.5685.5886.3481.4582.1388.1387.7983.8586.34
Debt Ratios
Debt Ratio
0.160.310.290.300.310.260.230.220.290.330.340.31
Debt Equity Ratio
1.814.929.45-20.8810.114.042.021.061.672.552.684.04
Long-term Debt to Capitalization
0.640.820.901.050.900.780.650.510.620.710.720.78
Total Debt to Capitalization
0.640.830.901.050.910.800.660.510.620.710.720.80
Interest Coverage Ratio
15.8011.967.758.5211.0312.8114.62N/AN/AN/A8.4212.81
Cash Flow to Debt Ratio
0.620.330.360.450.220.570.670.780.500.450.430.22
Company Equity Multiplier
10.9015.8631.63-68.1132.1915.198.434.645.707.677.7115.19
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.080.110.100.120.050.120.120.130.110.110.110.05
Free Cash Flow / Operating Cash Flow Ratio
0.780.810.790.810.590.790.780.830.780.780.780.59
Cash Flow Coverage Ratio
0.620.330.360.450.220.570.670.780.500.450.430.22
Short Term Coverage Ratio
N/A5.33N/A8.632.095.8416.361.53K66.1147.1458.542.09
Dividend Payout Ratio
48.69%53.59%38.62%108.04%46.51%41.02%40.45%46.55%52.61%44.16%45.66%41.02%