3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Lockheed Martin's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -10.48%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Lockheed Martin's 3-Year ROIIC % or its related term are showing as below:
XSWX:LMT's 3-Year ROIIC % is ranked worse than 73.13% of 320
companies
in the Aerospace & Defense industry
Industry Median: 3.79
vs XSWX:LMT: -10.48
Lockheed Martin (XSWX:LMT) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Lockheed Martin 3-Year ROIIC % Related Terms
Lockheed Martin 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Lockheed Martin's 3-Year ROIIC % 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.
XSWX:LMT vs HWM, GD, TDG: 3-Year ROIIC % Comparison
For the Aerospace & Defense subindustry, Lockheed Martin's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Lockheed Martin's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Lockheed Martin's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Lockheed Martin (XSWX:LMT) has a 3-Year ROIIC % of -10.48 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Lockheed Martin and its competitors. According to the industry distribution chart, Lockheed Martin ranks #234 out of 320 companies in the Aerospace & Defense industry, placing it in the top 73.1%.
Is Lockheed Martin's 3-Year ROIIC % too high?
Lockheed Martin's current 3-Year ROIIC % is -10.48. Based on the distribution chart, Lockheed Martin ranks #234 out of 320 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Lockheed Martin has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Lockheed Martin's 3-Year ROIIC % compare to HWM and GD?
According to the Aerospace & Defense industry distribution chart, Lockheed Martin ranks #234 out of 320 companies for 3-Year ROIIC %. This places Lockheed Martin in the lower half of its industry. The industry median 3-Year ROIIC % is 3.79. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for an Aerospace & Defense company?
The median 3-Year ROIIC % among Aerospace & Defense companies is 3.79, based on 320 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Lockheed Martin and its competitors. For the Aerospace & Defense industry, the median 3-Year ROIIC % is 3.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lockheed Martin's current 3-Year ROIIC % is -10.48. 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?
Lockheed Martin (XSWX:LMT) has a current 3-Year ROIIC % of -10.48. The stock's GF Value™ is CHF441.38, compared to a current price of CHF433.25 — trading 1.8% below its estimated fair value. The current 3-Year ROIIC % is -10.48. Lockheed Martin's overall GF Score™ is 77/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Lockheed Martin (XSWX:LMT), the current 3-Year ROIIC % is -10.48 as of Dec. 2025. 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 (XSWX:LMT) Overvalued in 2026?
Based on GuruFocus' analysis, Lockheed Martin stock appears to be undervalued.
The current stock price of CHF433.25 is trading 1.8% below its estimated GF Value™ of CHF441.38.
Key valuation signals for XSWX:LMT:
3-Year ROIIC %: -10.48
GF Value™: CHF441.38 vs. price of CHF433.25 (1.8% below fair value)
No single metric tells the full story. See the XSWX: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.
77GF Score
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