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LHX vs LMT stock comparison

L3HARRIS TECHNOLOGIES, INC. vs LOCKHEED MARTIN CORPORATION, two Aerospace & Defense stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.

Where LHX and LMT diverge most: on return on equity, LHX reads 9.4% and LMT reads 71.7%; on p/b, LHX reads 2.61 and LMT reads 15.36. The rest of the comparable metrics sit closer together. What LHX's price implies is a bet that sits within the historical range (whole-company basis). What LMT's price implies is a bet that sits within the historical range (whole-company basis). The bull and bear cases for each are in their full reports below.

LHX vs LMT: the numbers

MetricLHXLMT
Price$277.09$582.90
Market cap$51.9B$134.7B
SectorAerospace & DefenseAerospace & Defense
StageMatureMature
Implied growth (priced in)-3.6%
P/E28.021.5
P/B2.6115.36
P/S1.331.75
EV/EBITDA11.416.6
Revenue growth+7.4%+7.2%
Gross margin12.2%
Operating margin11.1%12.4%
Net margin4.8%8.2%
Return on equity9.4%71.7%
Return on assets4.4%10.1%
Return on invested capital11.7%26.3%
FCF yield5.4%6.5%
Dividend yield1.7%2.3%
Debt / equity0.462.34
Current ratio1.181.19
Altman Z (solvency)2.573.31
Piotroski F (quality)6 / 98 / 9
Full LHX report → Full LMT report →
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.