Lockheed MartinMEX:LMT -0.39%74 Net Margin % is 8.26% as of Mar. 2026, which is 12% below its 10-year median of 9.41. GuruFocus rates MEX:LMT with a GF Score™ of 74/100 and a GF Value™ of MXN9,705.12 (Fairly Valued). The stock has 3 warning signs investors should review. Among 347 Aerospace & Defense companies, Lockheed Martin ranks better than 57.35% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Lockheed Martin's Net Income for the
three
months ended in Mar. 2026 was MXN26,833 Mil. Lockheed Martin's Revenue for the
three
months ended in Mar. 2026 was MXN324,967 Mil. Therefore, Lockheed Martin's net margin for the quarter that ended in Mar. 2026 was 8.26%.
The historical rank and industry rank for Lockheed Martin's Net Margin % or its related term are showing as below:
MEX:LMT'
s Net Margin % Range Over the Past 10 Years
Min: 3.93 Med: 9.41 Max: 10.94
Current: 6.38
MEX:LMT's Net Margin % is ranked better than 57.35% of 347
companies
in the Aerospace & Defense industry
Industry Median: 4.9
vs MEX:LMT: 6.38
Lockheed Martin (MEX:LMT) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Lockheed Martin Net Margin % Related Terms
Lockheed Martin Net Margin % Historical Data
* Premium members only.
The historical data trend for Lockheed Martin's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Aerospace & Defense subindustry, Lockheed Martin's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Lockheed Martin Net Margin % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Lockheed Martin's Net Margin % distribution charts can be found below:
* The bar in red indicates where Lockheed Martin's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Lockheed Martin (MEX:LMT) has a Net Margin % of 8.26% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Lockheed Martin and its competitors. This is 12% below median its historical median of 9.41. Over the past decade, Lockheed Martin's Net Margin % has ranged from 3.93 to 10.94. According to the industry distribution chart, Lockheed Martin ranks #148 out of 347 companies in the Aerospace & Defense industry, placing it in the top 42.7%.
Is Lockheed Martin's Net Margin % too high?
Lockheed Martin's current Net Margin % of 8.26% is 12% below median its 10-year median of 9.41. Over the past 10 years, this metric has ranged from a low of 3.93 to a high of 10.94. The Aerospace & Defense industry median Net Margin % is 4.90. Lockheed Martin's value of 8.26% is 68.6% above this industry median. Based on the distribution chart, Lockheed Martin ranks #148 out of 347 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Lockheed Martin has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lockheed Martin's Net Margin % compare to HWM and GD?
According to the Aerospace & Defense industry distribution chart, Lockheed Martin ranks #148 out of 347 companies for Net Margin %. This puts Lockheed Martin in the upper half of its industry. The industry median Net Margin % is 4.90. Lockheed Martin's value of 8.26% is 68.6% above this benchmark. Historically, Lockheed Martin's own Net Margin % has ranged from 3.93 to 10.94 over the past decade. While the company's 10-year median is 9.41 vs. the industry median of 4.90, Lockheed Martin has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Aerospace & Defense company?
The median Net Margin % among Aerospace & Defense companies is 4.90, based on 347 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lockheed Martin's current Net Margin % of 8.26% is 68.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Lockheed Martin and its competitors. For the Aerospace & Defense industry, the median Net Margin % is 4.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lockheed Martin's current Net Margin % is 8.26%, which is 12% below median its own 10-year median of 9.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lockheed Martin stock overvalued right now?
Based on GuruFocus' analysis, Lockheed Martin (MEX:LMT) is currently considered Fairly Valued. The stock's GF Value™ is MXN9,705.12, compared to a current price of MXN8,835.00 — trading 9% below its estimated fair value. The current Net Margin % is 8.26%, which is 12% below median its 10-year median of 9.41 and 68.6% above the Aerospace & Defense industry median of 4.90. Lockheed Martin's overall GF Score™ is 74/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Lockheed Martin (MEX:LMT), the current Net Margin % is 8.26% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Lockheed Martin (MEX:LMT) Overvalued in 2026?
Based on GuruFocus' analysis, Lockheed Martin stock appears to be undervalued.
The current stock price of MXN8,835.00 is trading 9% below its estimated GF Value™ of MXN9,705.12.
GuruFocus considers Lockheed Martin to be Fairly Valued.
Key valuation signals for MEX:LMT:
Net Margin %: 8.26% (12% below median its 10-year median of 9.41)
GF Value™: MXN9,705.12 vs. price of MXN8,835.00 (9% below fair value)
Industry Position: 68.6% above the Aerospace & Defense median (#148 of 347)
No single metric tells the full story. See the MEX:LMT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
74GF Score
Get the complete analysis for MEX:LMT
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:LMT has been successfully added to your 
