Lockheed Martin Corp (LMT) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
Lockheed Martin Corp (LMT) stock forecast summary
Our AI ranks Lockheed Martin Corp outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Lockheed Martin Corp is a large-cap company with a market capitalization of $127.42B. It ranks number 1 by market capitalization among the 8 Guided Missiles & Space Vehicles & Parts issuers in our coverage with a current forecast.
For LMT, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 14.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 14.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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How LMT ranks among 5184 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Lockheed Martin Corp (LMT) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Guided Missiles & Space Vehicles & Parts peers listed below that report each metric.
Valuation & Market
| Metric | LMT | Rank |
|---|---|---|
| Market Cap | $127.42B | 1/8 |
| P/E Ratio | 20.35x | – |
| P/B Ratio | 14.53x | 1/7 |
| Dividend Yield | 2.49% | – |
| EPS | $27.13 | – |
| Book Value/Share | $37.99 | – |
| Revenue/Share | $333.70 | – |
| FCF/Share | $37.82 | – |
Profitability & Margins
| Metric | LMT | Rank |
|---|---|---|
| ROE | 71.7% | – |
| ROA | 10.1% | 1/5 |
| ROIC | 23.7% | 1/5 |
| Gross Margin | 11.8% | 6/7 |
| Operating Margin | 11.9% | 1/7 |
| Net Margin | 8.2% | 1/5 |
| EBT Margin | 9.6% | 1/7 |
| Tax Rate | 15.3% | – |
Financial Health
| Metric | LMT | Rank |
|---|---|---|
| Current Ratio | 1.19x | 7/8 |
| Quick Ratio | 1.01x | 5/5 |
| D/E Ratio | 6.12x | 1/7 |
| Financial Leverage | 7.12x | 1/6 |
| Interest Coverage | 2.3x | 1/7 |
| Working Capital | $4.59B | 1/8 |
Cash Flow
| Metric | LMT | Rank |
|---|---|---|
| Operating Cash Flow | $10.40B | 1/7 |
| Free Cash Flow | $8.73B | 1/5 |
| Capital Spending | -$1.67B | 5/5 |
| OCF Growth YoY | 105.1% | – |
| FCF Growth YoY | 162.2% | – |
| FCF/Sales | 11.3% | 1/5 |
| CapEx/Sales | 2.2% | 5/5 |
Operational Efficiency
| Metric | LMT | Rank |
|---|---|---|
| Asset Turnover | 1.23x | 1/5 |
| Receivables Turnover | 22.9x | 1/6 |
| Inventory Turnover | 15.4x | – |
| Fixed Assets Turnover | 6.8x | 2/6 |
| Days Sales Outstanding | 16 days | 6/6 |
| Days Inventory | 24 days | – |
| Payables Period | 26 days | 6/6 |
| Cash Conversion Cycle | 13 days | – |
Income Statement
| Metric | LMT | Rank |
|---|---|---|
| Total Revenue | $77.01B | 1/6 |
| Operating Income | $9.15B | 1/7 |
| Net Income | $6.29B | 1/5 |
| Cost of Goods Sold | $67.93B | 1/7 |
Dividend & Shareholder Information
| Metric | LMT | Rank |
|---|---|---|
| Dividends Per Share | $13.76 | – |
| Payout Ratio | 50.7% | – |
| Shares Outstanding | 231M | – |
| Net Income Growth | 49.5% | – |
| EPS Growth | 52.3% | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $28.40B | 45.5% of assets |
| Cash & Short-term Investments | $3.79B | 6.1% of assets |
| Accounts Receivable | $3.36B | 5.4% of assets |
| Inventory | $4.41B | 7.1% of assets |
| Total Liabilities | $53.68B | 86.0% of assets |
| Short-term Debt | $18.89B | 30.3% of assets |
LMT quarterly financials and insider trading
Lockheed Martin Corp (LMT) industry peers
Companies classified under the same SEC industry code as Lockheed Martin Corp (Guided Missiles & Space Vehicles & Parts): 8 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| LMT Lockheed Martin Corp | ▼ | $127.42B |
| RKLB Rocket Lab Corp | ▼ | $30.42B |
| KTOS Kratos Defense & Security Solutions, Inc. | ▼ | $7.59B |
| FLY Firefly Aerospace Inc. | ▼ | $2.80B |
| VOYG Voyager Technologies, Inc./Tx | ▶ | $1.55B |
| YSS York Space Systems Inc. | ▶ | $766M |
| MNTS Momentus Inc. | ▼ | $57M |
| HLEO Helio Corp /Fl/ | ▼ | $24M |
Where LMT sits on the market map
Lockheed Martin Corp (LMT) stock news
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Lockheed Martin Corp (LMT) stock forecast FAQ
What is the Lockheed Martin Corp (LMT) stock forecast?
Our AI ranks Lockheed Martin Corp outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Lockheed Martin Corp stock predictions?
For LMT, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 14.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 14.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Lockheed Martin Corp forecasts updated?
Lockheed Martin Corp forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Lockheed Martin Corp's industry peers?
8 issuers in our coverage, LMT included, share the SEC industry code Guided Missiles & Space Vehicles & Parts. The largest are: Rocket Lab Corp (RKLB), Kratos Defense & Security Solutions, Inc. (KTOS), Firefly Aerospace Inc. (FLY), Voyager Technologies, Inc./Tx (VOYG), York Space Systems Inc. (YSS), Momentus Inc. (MNTS).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.