Lockheed Martin (MEX:LMT) ROCE %: 22.21% (As of Mar. 2026)


MEX:LMT Lockheed Martin Corp MEX:LMT
74 GF Score
Price MXN8,835.00
GF Value MXN9,705.29
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Lockheed Martin ROCE %?

Lockheed Martin MEX:LMT 74 ROCE % is 22.21% as of Mar. 2026. GuruFocus rates MEX:LMT with a GF Score™ of 74/100 and a GF Value™ of MXN9,705.29 (Fairly Valued). The stock has 3 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Lockheed Martin's annualized ROCE % for the quarter that ended in Mar. 2026 was 22.21%.

Lockheed Martin  (MEX:LMT) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Lockheed Martin ROCE % Related Terms

Lockheed Martin ROCE % Historical Data

* Premium members only.

The historical data trend for Lockheed Martin's ROCE % 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.

Lockheed Martin ROCE % Chart

Lockheed Martin Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.39 19.27 23.11 22.29 17.95

Lockheed Martin Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.46 7.57 24.46 19.55 22.21
MEX:LMT
74GF Score
Lockheed Martin Corp MEX:LMT
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lockheed Martin ROCE % Calculation

Lockheed Martin's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=126760.128/( ( (1159931.466 - 405017.694) + (1077461.089 - 420163.01) )/ 2 )
=126760.128/( (754913.772+657298.079)/ 2 )
=126760.128/706105.9255
=17.95 %

Lockheed Martin's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=147363.224/( ( (1077461.089 - 420163.01) + (1068221.083 - 398342.343) )/ 2 )
=147363.224/( ( 657298.079 + 669878.74 )/ 2 )
=147363.224/663588.4095
=22.21 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 22.21% mean?
Lockheed Martin (MEX:LMT) has a ROCE % of 22.21% as of Mar. 2026.
Is Lockheed Martin's ROCE % too high?
Lockheed Martin's current ROCE % is 22.21%. The Aerospace & Defense industry median ROCE % is 6.29. Lockheed Martin's value of 22.21% is 253.1% above this industry median. 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 ROCE % compare to HWM and GD?
Lockheed Martin's ROCE % of 22.21% can be compared against companies in the Aerospace & Defense industry. The industry median ROCE % is 6.29. Lockheed Martin's value of 22.21% is 253.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Aerospace & Defense company?
The median ROCE % among Aerospace & Defense companies is 6.29, based on 350 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lockheed Martin's current ROCE % of 22.21% is 253.1% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Aerospace & Defense industry, the median ROCE % is 6.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lockheed Martin's current ROCE % is 22.21%. 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 MXN9,705.29, compared to a current price of MXN8,835.00 — trading 9% below its estimated fair value. The current ROCE % is 22.21% and 253.1% above the Aerospace & Defense industry median of 6.29. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Lockheed Martin (MEX:LMT), the current ROCE % is 22.21% 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 MXN9,705.29. GuruFocus considers Lockheed Martin to be Fairly Valued.

Key valuation signals for MEX:LMT:

  • ROCE %: 22.21%
  • GF Value™: MXN9,705.29 vs. price of MXN8,835.00 (9% below fair value)
  • GF Score™: 74/100 with 3 warning signs
  • Industry Position: 253.1% above the Aerospace & Defense median

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 Business Description

Address 6801 Rockledge Drive, Bethesda, MD, USA, 20817
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

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN8,835.00
Price
MXN9,705.29
GF Value