Lockheed MartinLIM:LMT 73 Dividend Payout Ratio is 0.00 as of Mar. 2026. GuruFocus rates LIM:LMT with a GF Score™ of 73/100 and a GF Value™ of $587.42 (Fairly Valued). The stock has 3 warning signs investors should review. Among 154 Aerospace & Defense companies, Lockheed Martin ranks worse than 84.42% on this metric.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Lockheed Martin's Dividend Payout Ratio for the
months ended in Mar. 2026 was 0.00.
The historical rank and industry rank for Lockheed Martin's Dividend Payout Ratio or its related term are showing as below:
During the past 13 years, the highest Dividend Payout Ratio of Lockheed Martin was 1.15. The lowest was 0.40. And the median was 0.47.
LIM:LMT's Dividend Payout Ratio is not ranked *
in the Aerospace & Defense industry.
Industry Median: 0.33 * Ranked among companies with meaningful Dividend Payout Ratio only.
During the past 12 months, Lockheed Martin's average Dividends Per Share Growth Rate was 4.70% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 5.40% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 6.40% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 8.20% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Lockheed Martin was 33.60% per year. The lowest was -20.60% per year. And the median was 11.55% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Lockheed Martin (LIM:LMT) Dividend Payout Ratio Explanation
In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Lockheed Martin Dividend Payout Ratio Related Terms
Lockheed Martin Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for Lockheed Martin's Dividend Payout Ratio 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.
LIM:LMT vs HWM, GD, RKLB: Dividend Payout Ratio Comparison
For the Aerospace & Defense subindustry, Lockheed Martin's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Lockheed Martin's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Lockheed Martin's Dividend Payout Ratio falls into.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
Lockheed Martin's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (LIM:LMT) has a Dividend Payout Ratio of 0.00 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Lockheed Martin and its competitors. Over the past decade, Lockheed Martin's Dividend Payout Ratio has ranged from 0.40 to 1.15. According to the industry distribution chart, Lockheed Martin ranks #130 out of 154 companies in the Aerospace & Defense industry, placing it in the top 84.4%.
Is Lockheed Martin's Dividend Payout Ratio too high?
Lockheed Martin's current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 1.15. Based on the distribution chart, Lockheed Martin ranks #130 out of 154 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Lockheed Martin has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lockheed Martin's Dividend Payout Ratio compare to HWM and GD?
According to the Aerospace & Defense industry distribution chart, Lockheed Martin ranks #130 out of 154 companies for Dividend Payout Ratio. This places Lockheed Martin in the lower half of its industry. The industry median Dividend Payout Ratio is 0.33. Historically, Lockheed Martin's own Dividend Payout Ratio has ranged from 0.40 to 1.15 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Aerospace & Defense company?
The median Dividend Payout Ratio among Aerospace & Defense companies is 0.33, based on 154 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Lockheed Martin and its competitors. For the Aerospace & Defense industry, the median Dividend Payout Ratio is 0.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lockheed Martin's current Dividend Payout Ratio is 0.00. 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 (LIM:LMT) is currently considered Fairly Valued. The stock's GF Value™ is $587.42, compared to a current price of $541.22 — trading 7.9% below its estimated fair value. The current Dividend Payout Ratio is 0.00. Lockheed Martin's overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Lockheed Martin (LIM:LMT), the current Dividend Payout Ratio is 0.00 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 (LIM:LMT) Overvalued in 2026?
Based on GuruFocus' analysis, Lockheed Martin stock appears to be undervalued.
The current stock price of $541.22 is trading 7.9% below its estimated GF Value™ of $587.42.
GuruFocus considers Lockheed Martin to be Fairly Valued.
Key valuation signals for LIM:LMT:
Dividend Payout Ratio: 0.00
GF Value™: $587.42 vs. price of $541.22 (7.9% below fair value)
No single metric tells the full story. See the LIM: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.
73GF Score
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