Industrials · NYSE/NASDAQ: LMT
LOCKHEED MARTIN CORP
Aerospace & Defense
Market Cap $122.28B
Verdict: High
Quality Scores
Multi-Bagger
74/100
Compounder Quality
93/100
Management Credibility
90/100
Governance
92/100
Cash Flow Quality
95/100
AI Summary
Lockheed Martin (LMT) remains the dominant force in the global defense and aerospace industry, anchored by its cornerstone F-35 program. The company has demonstrated significant scale expansion, with revenue jumping from $14.41B in 2018 to $75.05B by 2025. Despite historical volatility in equity due to pension liabilities and buybacks, the company maintains a massive backlog of approximately $160B. Profitability is robust, though margins have faced slight pressure recently from supply chain constraints and higher mix of development-phase contracts. Cash flow generation remains the ultimate…
Top Opportunities
- Consistent Cash Flow from Operations (CFO) generation
- Dominant market position in defense (F-35 program)
- Aggressive share buyback history
Top Risks
- Extremely high customer concentration (US Government)
- Increasing Long-Term Debt trend over last 4 years
- Recent margin compression in 2024-2025
Latest report: Read the annual report summary →
Unlock the full report
Full sections, financial charts, AI chat and PDF export are available with Premium.