Wall Street analyst estimates for Lockheed Martin Corporation (LMT): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
Lockheed Martin Corporation stands as a prominent global security and aerospace enterprise, specializing in the comprehensive lifecycle of advanced technological systems. Its expertise spans the research, design, development, manufacturing, integration, and ongoing sustainment of cutting-edge products and services across the world.
Consensus price target
$638.22 (+0 % vs price $636.95)
between $560.00 and $835.00 · 11 targets published in the last quarter
Closing price, Oct 30
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $81.4B | $80.8B – $82.0B | $30.67 | 16 |
| 2027E | $87.3B | $83.7B – $90.7B | $33.31 | 16 |
| 2028E | $92.9B | $85.6B – $97.2B | $36.13 | 17 |
Figures in USD · consensus as of November 2, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 22 |
| Hold | 14 |
| Sell | 1 |
| Strong Sell | 0 |
| Total analysts | 37 |
| Avg rating (−2 sell to +2 buy) | 0.57 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2027-01-26 | $8.38 | ||
| 2026-10-22 | $7.97 | $7.52 | +6.0% |
| 2026-07-23 | $7.94 | $7.19 | +10.4% |
| 2026-04-23 | $6.44 | $6.74 | -4.5% |
| 2026-01-29 | $5.80 | $7.07 | -18.0% |
| 2025-10-21 | $6.95 | $6.38 | +8.9% |
| 2025-07-22 | $1.46 | $6.52 | -77.6% |
| 2025-04-22 | $7.28 | $6.34 | +14.8% |
Valuation Ratios
| P/E Ratio | 22.63 |
| Price / Book | 14.59 |
| Dividend Yield | 2.17% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $47.29B | $49.96B | $53.76B | $59.81B | $65.40B | $67.04B | $65.98B | $67.57B | $71.04B | $75.06B |
| Cost of Revenue | $41.89B | $43.59B | $46.39B | $51.45B | $56.74B | $57.98B | $57.70B | $59.09B | $64.11B | $67.43B |
| Gross Profit | $5.40B | $6.37B | $7.37B | $8.37B | $8.65B | $9.06B | $8.29B | $8.48B | $6.93B | $7.62B |
| Research & Development | $988.0M | $1.20B | $1.30B | $1.30B | $1.30B | $1.50B | $1.70B | $1.50B | $1.60B | $2.00B |
| Selling, General & Admin | $471.0M | $746.0M | $777.0M | $608.0M | $241.0M | $1.24B | $865.0M | $499.0M | $137.0M | $50.0M |
| Operating Expenses | -$487.0M | -$373.0M | $36.0M | -$178.0M | $10.0M | -$62.0M | -$61.0M | -$28.0M | -$83.0M | -$112.0M |
| Operating Income | $5.89B | $6.74B | $7.33B | $8.54B | $8.64B | $9.12B | $8.35B | $8.51B | $7.01B | $7.73B |
| EBITDA | $6.63B | $7.09B | $7.67B | $9.08B | $10.12B | $9.48B | $8.71B | $10.44B | $8.81B | $8.73B |
| Interest Expense | $663.0M | $651.0M | $668.0M | $653.0M | $591.0M | $569.0M | $623.0M | $916.0M | $1.04B | $1.12B |
| Pre-tax Income | $4.89B | $5.27B | $5.84B | $7.24B | $8.23B | $7.55B | $6.68B | $8.10B | $6.22B | $5.92B |
| Income Tax | $1.13B | $3.34B | $792.0M | $1.01B | $1.35B | $1.24B | $948.0M | $1.18B | $884.0M | $905.0M |
| Net Income | $5.30B | $2.00B | $5.05B | $6.23B | $6.83B | $6.32B | $5.73B | $6.92B | $5.34B | $5.02B |
| EPS | $17.71 | $6.96 | $17.74 | $22.09 | $24.40 | $22.85 | $21.74 | $27.65 | $22.39 | $21.56 |
| EPS (Diluted) | $17.49 | $6.89 | $17.59 | $21.95 | $24.30 | $22.77 | $21.66 | $27.55 | $22.31 | $21.49 |
| Shares Outstanding (Diluted) | 303.1 M | 290.6 M | 286.8 M | 283.8 M | 281.2 M | 277.4 M | 264.6 M | 251.2 M | 239.2 M | 231.9 M |
Price
| Price | $636.95 (closing price, October 30, 2026) |
| Market Cap | $147.1B |
| Exchange | NYSE |
| Country | US |
Related companies: RTX · BA · NOC · GD · LHX
Explore sector: Industrials · Aerospace & Defense
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