General Dynamics vs Lockheed Martin GD vs LMT
General Dynamics and Lockheed Martin on one sheet: valuation multiples, growth, margins, debt, dividends and returns, each section labelled with the period it covers, from the companies' filings. Add or remove a stock above the sheet; the link holds the set.
What differs most
- Debt / equity: Lockheed Martin 2.0×, General Dynamics 0.4×.
- Return on equity: Lockheed Martin 64.7%, General Dynamics 16.7%.
- One-year price return: Lockheed Martin +30.9%, General Dynamics +1.8%.
- Market value: Lockheed Martin $146.73B, General Dynamics $96.60B.
Price return
2025-10-26 → 2026-10-26
GD+1.8%
LMT+30.9%
Profile
latestSector
Industrials
Industrials
Industry
Aerospace & Defense
Aerospace & Defense
Market value
$96.60B
$146.73B
Enterprise value
$101.75B
$161.27B
Employees
117,000
123,000
Revenue per employee (TTM)
$469K
$643K
Our models
nightlythe valuation on each stock's pagePrice vs model
6% undervalued vs model
16% undervalued vs model
Model range
$215–791
$409–1672
Models in the headline
1
1
FCF growth priced in, at a 10% return
14.5%
12.6%
Every model, its assumptions and its range: GD valuation · LMT valuation. The growth priced in, at any return: GD reverse DCF · LMT reverse DCF.
Trading
close 2026-10-26Last close
$357.04
$635.20
52-week high
$395.97
$676.70
52-week low
$312.53
$439.19
Price vs 52-week high
−9.8%
−6.1%
Price vs 52-week low
+14.2%
+44.6%
Average daily volume / shares
0.4%
0.5%
Beta
0.33
0.10
Returns
to 2026-10-261 month
+6.0%
+22.3%
3 months
−7.7%
+9.0%
6 months
+14.0%
+23.7%
Year to date
+6.1%
+31.3%
1 year
+1.8%
+30.9%
1 year, dividends added
+3.6%
+33.7%
2 years
+18.0%
+13.0%
Valuation
GD price × TTM to Jul 2026 · LMT price × TTM to Sep 2026P/E (TTM)
21.8×
22.6×
P/E on consensus EPS (next FY)
21.0×
20.8×
Price / sales
1.8×
1.9×
EV / sales
1.9×
2.0×
EV / EBITDA
15.3×
17.0×
Price / book
3.6×
14.6×
Price / free cash flow (FY)
24.4×
21.2×
Free-cash-flow yield (FY)
4.1%
4.7%
Growth
TTM and FY2025Revenue growth (TTM)
—
—
Revenue growth, consensus next FY
+6.5%
+8.0%
Revenue, 3-year CAGR
10.1%
4.4%
Revenue, 5-year CAGR
6.7%
2.8%
EPS growth (TTM)
—
—
EPS growth, consensus next FY
+10.1%
+41.9%
EPS, 3-year CAGR
8.2%
−0.3%
Free cash flow, 3-year CAGR
4.5%
4.1%
Diluted shares, 3-year change
−1.5%
−12.4%
Profitability
GD TTM to Jul 2026 · LMT TTM to Sep 2026Gross margin (FY)†
15.1%
10.2%
Operating margin
10.3%
11.8%
EBITDA margin
12.1%
12.0%
Net margin
8.2%
8.2%
Free-cash-flow margin (FY)
7.5%
9.2%
Return on equity
16.7%
64.7%
Return on assets
7.5%
10.1%
Asset turnover
0.91
1.23
† Gross margin (FY): As filed. Companies draw the cost-of-revenue line in different places, so gross margins of two companies in one industry can differ for that reason alone; operating margin does not depend on where the line is drawn.
Balance sheet
GD MRQ Jul 2026 · LMT MRQ Sep 2026Cash
$4.33B
$5.96B
Total debt
$9.48B
$20.50B
Net debt
$5.15B
$14.54B
Debt / equity
0.4×
2.0×
Net debt / EBITDA (TTM)
0.8×
1.5×
Interest coverage (FY)
17.1×
6.9×
Current ratio (FY)
1.44
1.09
Dividends
trailing 12 monthsDividend yield
1.8%
2.2%
Dividends per share
$6.27
$13.80
Payout ratio (of TTM EPS)
38.2%
49.0%
Dividend per share, 5-year CAGR
6.1%
5.8%
Frequency
Quarterly
Quarterly
Ownership and activity
last 90 days · latest 13FTracked superinvestors holding (13F)
5
6
Insider open-market buys (Form 4)
$0
$0
Insider sales (Form 4)
$3.4M
$118K
Analyst upgrades
0
2
Analyst downgrades
0
0
Statements
GD income TTM to Jul 2026 · cash flow FY2025 · LMT income TTM to Sep 2026 · cash flow FY2025Revenue
$54.86B
$79.13B
EBITDA
$6.64B
$9.49B
Operating income
$5.66B
$9.32B
Net income
$4.49B
$6.51B
EPS (diluted)
$16.41
$28.15
Operating cash flow
$5.12B
$8.56B
Capital expenditure
−$1.16B
−$1.65B
Free cash flow
$3.96B
$6.91B
Dividends paid
$1.59B
$3.13B
Statements, prices, dividends and consensus estimates from Financial Modeling Prep; insider trades from Form 4 and holdings from 13F. Refreshed nightly. A comparison of filed numbers, not a recommendation to buy, sell or hold any security.