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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.42
LMT's Cash to Debt is ranked higher than
76% of the 373 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.44 vs. LMT: 0.42 )
LMT' s 10-Year Cash to Debt Range
Min: 0   Max: 0.78
Current: 0.42

0
0.78
Equity to Asset 0.09
LMT's Equity to Asset is ranked higher than
57% of the 368 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.34 vs. LMT: 0.09 )
LMT' s 10-Year Equity to Asset Range
Min: 0   Max: 0.38
Current: 0.09

0
0.38
Interest Coverage 16.45
LMT's Interest Coverage is ranked higher than
82% of the 239 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 12.28 vs. LMT: 16.45 )
LMT' s 10-Year Interest Coverage Range
Min: 1.81   Max: 16.45
Current: 16.45

1.81
16.45
F-Score: 7
Z-Score: 3.23
WACC vs ROIC
7.45%
24.47%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 6.22
LMT's Operating margin (%) is ranked higher than
77% of the 377 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 6.77 vs. LMT: 6.22 )
LMT' s 10-Year Operating margin (%) Range
Min: 5.88   Max: 12.26
Current: 6.22

5.88
12.26
Net-margin (%) 7.90
LMT's Net-margin (%) is ranked higher than
89% of the 377 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 4.23 vs. LMT: 7.90 )
LMT' s 10-Year Net-margin (%) Range
Min: -4.36   Max: 7.93
Current: 7.9

-4.36
7.93
ROE (%) 86.33
LMT's ROE (%) is ranked higher than
100% of the 358 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 8.48 vs. LMT: 86.33 )
LMT' s 10-Year ROE (%) Range
Min: -15.38   Max: 527.88
Current: 86.33

-15.38
527.88
ROA (%) 9.47
LMT's ROA (%) is ranked higher than
96% of the 377 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 3.07 vs. LMT: 9.47 )
LMT' s 10-Year ROA (%) Range
Min: -3.6   Max: 10.61
Current: 9.47

-3.6
10.61
ROC (Joel Greenblatt) (%) 60.08
LMT's ROC (Joel Greenblatt) (%) is ranked higher than
95% of the 376 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 17.59 vs. LMT: 60.08 )
LMT' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 30.02   Max: 118.21
Current: 60.08

30.02
118.21
Revenue Growth (3Y)(%) 1.10
LMT's Revenue Growth (3Y)(%) is ranked higher than
73% of the 342 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 5.00 vs. LMT: 1.10 )
LMT' s 10-Year Revenue Growth (3Y)(%) Range
Min: -7   Max: 12.7
Current: 1.1

-7
12.7
EBITDA Growth (3Y)(%) 11.70
LMT's EBITDA Growth (3Y)(%) is ranked higher than
87% of the 280 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 4.90 vs. LMT: 11.70 )
LMT' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -25.5   Max: 29.6
Current: 11.7

-25.5
29.6
EPS Growth (3Y)(%) 12.60
LMT's EPS Growth (3Y)(%) is ranked higher than
87% of the 255 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 4.90 vs. LMT: 12.60 )
LMT' s 10-Year EPS Growth (3Y)(%) Range
Min: -66.4   Max: 204.7
Current: 12.6

-66.4
204.7
» LMT's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2014

LMT Guru Trades in Q2 2014

Jim Simons 89,300 sh (New)
Joel Greenblatt 270,458 sh (+266.77%)
Manning & Napier Advisors, Inc 29,761 sh (+69.02%)
Ray Dalio 22,437 sh (+4.66%)
Ken Fisher 3,690 sh (+2.96%)
Paul Tudor Jones 3,426 sh (+0.76%)
RS Investment Management 97,610 sh (+0.53%)
First Eagle Investment 2,743,347 sh (+0.50%)
Louis Moore Bacon 2,704 sh (unchged)
Tweedy Browne 210,922 sh (unchged)
Ruane Cunniff 2,750 sh (unchged)
John Rogers 56,985 sh (-0.01%)
HOTCHKIS & WILEY 602,362 sh (-17.80%)
Mario Gabelli 3,673 sh (-31.64%)
Jeremy Grantham 10,344 sh (-36.70%)
» More
Q3 2014

LMT Guru Trades in Q3 2014

Caxton Associates 30,000 sh (New)
Manning & Napier Advisors, Inc 35,829 sh (+20.39%)
Ken Fisher 3,792 sh (+2.76%)
First Eagle Investment 2,752,420 sh (+0.33%)
Ruane Cunniff 2,750 sh (unchged)
Caxton Associates 75,000 sh (unchged)
RS Investment Management 97,610 sh (unchged)
Jeremy Grantham Sold Out
Louis Moore Bacon Sold Out
Paul Tudor Jones Sold Out
Ray Dalio Sold Out
HOTCHKIS & WILEY Sold Out
Jim Simons Sold Out
John Rogers 54,060 sh (-5.13%)
Mario Gabelli 2,973 sh (-19.06%)
Tweedy Browne 156,052 sh (-26.01%)
Joel Greenblatt 47,768 sh (-82.34%)
» More
Q4 2014

LMT Guru Trades in Q4 2014

Jim Simons 10,100 sh (New)
Steven Cohen 54,400 sh (New)
Manning & Napier Advisors, Inc 36,965 sh (+3.17%)
Mario Gabelli 2,973 sh (unchged)
Ruane Cunniff 2,750 sh (unchged)
Tweedy Browne 156,052 sh (unchged)
RS Investment Management Sold Out
Caxton Associates Sold Out
Ken Fisher 3,790 sh (-0.05%)
First Eagle Investment 2,717,382 sh (-1.27%)
Joel Greenblatt 47,048 sh (-1.51%)
John Rogers 47,310 sh (-12.49%)
» More
Q1 2015

LMT Guru Trades in Q1 2015

Steven Cohen 85,200 sh (+56.62%)
First Eagle Investment 2,723,277 sh (+0.22%)
Ruane Cunniff 2,750 sh (unchged)
John Rogers 47,310 sh (unchged)
Jim Simons Sold Out
Manning & Napier Advisors, Inc 36,804 sh (-0.44%)
Joel Greenblatt 46,424 sh (-1.33%)
Tweedy Browne 149,917 sh (-3.93%)
Ken Fisher 3,292 sh (-13.14%)
Mario Gabelli 2,473 sh (-16.82%)
» More
» Details

Insider Trades

Latest Guru Trades with LMT

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Guru Investment Theses on Lockheed Martin Corp

Meridian Funds Comments on Lockheed Martin Corp - Jun 20, 2014

Lockheed Martin Corp. (LMT) was the second largest contributor to Fund returns during the period. The company fared well as earnings grew better than expected despite budget related pressures on the defense industry. We believe that Lockheed Martin will experience continued earnings growth, and its low payout ratio indicates a strong possibility of future dividend increases.



From Meridian Funds's semi-annual report ended December 31, 2013.



Check out Meridian Funds latest stock trades

Top Ranked Articles about Lockheed Martin Corp

Meridian Funds Comments on Lockheed Martin Corp
Lockheed Martin Corp. (LMT) was the second largest contributor to Fund returns during the period. The company fared well as earnings grew better than expected despite budget related pressures on the defense industry. We believe that Lockheed Martin will experience continued earnings growth, and its low payout ratio indicates a strong possibility of future dividend increases. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 17.40
LMT's P/E(ttm) is ranked higher than
90% of the 410 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 40.60 vs. LMT: 17.40 )
LMT' s 10-Year P/E(ttm) Range
Min: 7.56   Max: 21.77
Current: 17.4

7.56
21.77
Forward P/E 15.60
LMT's Forward P/E is ranked higher than
85% of the 410 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 19.80 vs. LMT: 15.60 )
N/A
PE(NRI) 17.40
LMT's PE(NRI) is ranked higher than
90% of the 410 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 38.20 vs. LMT: 17.40 )
LMT' s 10-Year PE(NRI) Range
Min: 7.55   Max: 21.77
Current: 17.4

7.55
21.77
P/B 17.30
LMT's P/B is ranked higher than
56% of the 410 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 3.03 vs. LMT: 17.30 )
LMT' s 10-Year P/B Range
Min: 2.95   Max: 783.08
Current: 17.3

2.95
783.08
P/S 1.37
LMT's P/S is ranked higher than
69% of the 410 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.28 vs. LMT: 1.37 )
LMT' s 10-Year P/S Range
Min: 0.53   Max: 1.45
Current: 1.37

0.53
1.45
PFCF 33.25
LMT's PFCF is ranked higher than
80% of the 410 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 113.22 vs. LMT: 33.25 )
LMT' s 10-Year PFCF Range
Min: 6.26   Max: 49.98
Current: 33.25

6.26
49.98
POCF 22.77
LMT's POCF is ranked higher than
76% of the 410 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 18.20 vs. LMT: 22.77 )
LMT' s 10-Year POCF Range
Min: 5.01   Max: 24.06
Current: 22.77

5.01
24.06
EV-to-EBIT 23.40
LMT's EV-to-EBIT is ranked higher than
79% of the 410 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 20.92 vs. LMT: 23.40 )
LMT' s 10-Year EV-to-EBIT Range
Min: 5.6   Max: 25
Current: 23.4

5.6
25
PEG 2.20
LMT's PEG is ranked higher than
92% of the 410 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.00 vs. LMT: 2.20 )
LMT' s 10-Year PEG Range
Min: 0.33   Max: 80.48
Current: 2.2

0.33
80.48
Shiller P/E 20.97
LMT's Shiller P/E is ranked higher than
88% of the 410 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 33.61 vs. LMT: 20.97 )
LMT' s 10-Year Shiller P/E Range
Min: 9.24   Max: 116.75
Current: 20.97

9.24
116.75
Current Ratio 1.32
LMT's Current Ratio is ranked higher than
68% of the 373 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.46 vs. LMT: 1.32 )
LMT' s 10-Year Current Ratio Range
Min: 1   Max: 1.55
Current: 1.32

1
1.55
Quick Ratio 1.05
LMT's Quick Ratio is ranked higher than
75% of the 370 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.98 vs. LMT: 1.05 )
LMT' s 10-Year Quick Ratio Range
Min: 0.62   Max: 1.06
Current: 1.05

0.62
1.06
Days Inventory 26.45
LMT's Days Inventory is ranked higher than
95% of the 410 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 121.14 vs. LMT: 26.45 )
LMT' s 10-Year Days Inventory Range
Min: 16.37   Max: 66.51
Current: 26.45

16.37
66.51
Days Sales Outstanding 53.02
LMT's Days Sales Outstanding is ranked higher than
86% of the 410 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 65.32 vs. LMT: 53.02 )
LMT' s 10-Year Days Sales Outstanding Range
Min: 5.08   Max: 67.89
Current: 53.02

5.08
67.89

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.93
LMT's Dividend Yield is ranked higher than
81% of the 257 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.74 vs. LMT: 2.93 )
LMT' s 10-Year Dividend Yield Range
Min: 1.22   Max: 4.88
Current: 2.93

1.22
4.88
Dividend Payout 0.51
LMT's Dividend Payout is ranked higher than
80% of the 410 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.44 vs. LMT: 0.51 )
LMT' s 10-Year Dividend Payout Range
Min: 0.15   Max: 1
Current: 0.51

0.15
1
Dividend growth (3y) 19.10
LMT's Dividend growth (3y) is ranked higher than
91% of the 201 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 8.20 vs. LMT: 19.10 )
LMT' s 10-Year Dividend growth (3y) Range
Min: -20.6   Max: 33.6
Current: 19.1

-20.6
33.6
Yield on cost (5-Year) 7.13
LMT's Yield on cost (5-Year) is ranked higher than
88% of the 264 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.20 vs. LMT: 7.13 )
LMT' s 10-Year Yield on cost (5-Year) Range
Min: 3   Max: 11.99
Current: 7.13

3
11.99
Share Buyback Rate 1.70
LMT's Share Buyback Rate is ranked higher than
95% of the 285 Companies
in the Global Aerospace & Defense industry.

( Industry Median: -0.50 vs. LMT: 1.70 )
LMT' s 10-Year Share Buyback Rate Range
Min: 6   Max: -5.4
Current: 1.7

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 2.13
LMT's Price/DCF (Projected) is ranked higher than
80% of the 410 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 3.40 vs. LMT: 2.13 )
LMT' s 10-Year Price/DCF (Projected) Range
Min: 0.63   Max: 2.24
Current: 2.13

0.63
2.24
Price/Median PS Value 1.79
LMT's Price/Median PS Value is ranked higher than
63% of the 410 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.40 vs. LMT: 1.79 )
LMT' s 10-Year Price/Median PS Value Range
Min: 0.41   Max: 1.88
Current: 1.79

0.41
1.88
Price/Peter Lynch Fair Value 1.93
LMT's Price/Peter Lynch Fair Value is ranked higher than
91% of the 410 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.00 vs. LMT: 1.93 )
LMT' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.38   Max: 3.67
Current: 1.93

0.38
3.67
Earnings Yield (Greenblatt) 4.30
LMT's Earnings Yield (Greenblatt) is ranked higher than
76% of the 374 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 5.20 vs. LMT: 4.30 )
LMT' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4   Max: 17.9
Current: 4.3

4
17.9
Forward Rate of Return (Yacktman) 12.95
LMT's Forward Rate of Return (Yacktman) is ranked higher than
84% of the 282 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 9.07 vs. LMT: 12.95 )
LMT' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -2   Max: 35.2
Current: 12.95

-2
35.2

Business Description

Industry: Aerospace & Defense » Aerospace & Defense
Compare:BA, ERJ, EADSY, RYCEY, HON » details
Traded in other countries:LOM.Germany, LMTB34.Brazil, LMT.Mexico, LMT.Argentina, LMT.Switzerland,
Lockheed Martin Corp was formed in 1995. It is a security and aerospace company. The Company is engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. It also provides a range of management, engineering, technical, scientific, logistics and information services. It serves both U.S. and international customers with products and services that have defense, civil and commercial applications, with its principal customers being agencies of the U.S. Government. The Company operates in five business segments: Aeronautics, Information Systems & Global Solutions (IS&GS), Missiles and Fire Control (MFC), Mission Systems and Training (MST) and Space Systems. The Aeronautics is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies. The IS&GS provides advanced technology systems and expertise, integrated information technology solutions and management services across a broad spectrum of applications for civil, defense, intelligence and other government customers. In addition, IS&GS supports the needs of customers in data analytics, cyber security, air traffic management and energy demand management. The MFC provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics and other technical services; fire control systems; mission operations support, readiness, engineering support and integration services; and manned and unmanned ground vehicles. The MST provides ship and submarine mission and combat systems; mission systems and sensors for rotary and fixed-wing aircraft; sea and land-based missile defense systems; radar systems; the Littoral Combat Ship (LCS); simulation and training services; and unmanned systems and technologies. The Space Systems is engaged in the research and development, design, engineering and production of satellites, strategic and defensive missile systems and space transportation systems. Space Systems is also responsible for various classified systems and services in support of vital national security systems. The Company competes both domestically and internationally against the products and services of other large aerospace, defense and information technology companies, as well as numerous smaller competitors, particularly in certain of its services businesses. The Company's operations are subject to and affected by various federal, state, local and foreign environmental protection laws and regulations regarding the discharge of materials into the environment or otherwise regulating the protection of the environment.
» More Articles for LMT

Headlines

Articles On GuruFocus.com
Lockheed Martin, Boeing Alliance Takes Reorganizational Steps May 19 2015 
Lockheed Martin Corp. (LMT) Dividend Stock Analysis Apr 21 2015 
Boeing Prospects Still Flying High Apr 03 2015 
Lockheed's Flying High Mar 29 2015 
What Makes Lockheed Martin A Good Buy Right Now? Mar 26 2015 
Seeding A Forest Of Dividend Growth Stocks Mar 24 2015 
Boeing Streamlining The Production Of 737 Jetliners With PAL Technology Mar 17 2015 
Lockheed Martin Will Benefit From Iraq Conflict Escalation Mar 10 2015 
Raytheon Company Dividend Stock Analysis Mar 04 2015 
General Dynamics (GD) Dividend Stock Analysis Feb 18 2015 

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