Lockheed Martin vs RTX: revenue, margins and growth
The two largest US defense contractors, with RTX also making commercial aircraft engines.
Below: each company's latest quarter against the same quarter a year earlier, and its valuation at the latest close. For the rest (segments, risks, five-year trends), connect Clarifo to ChatGPT and ask: every answer cites the filing it came from.
Lockheed Martin and RTX: latest quarter
Each company's latest reported quarter against the same quarter a year earlier, in its reporting currency. Quarters are the companies' own fiscal quarters. Growth and margins are computed from the reported figures.
| Metric | Lockheed MartinQ3/2026 | RTXQ2/2026 |
|---|---|---|
| Revenue | 20.7+11.3% | 0.2+3.0% |
| Operating profit (EBIT) | 2.4+7.1% | 0.0 |
| Operating margin | 11.8%-0.5 pp | 3.9% |
| Profit before tax | 2.2+12.1% | – |
| Net profit | 1.8+14.0% | 0.0-15.8% |
| Earnings per share | 7.97+14.7% | – |
| Operating cash flow | 3.4-7.8% | – |
| Return on equity, 12 months | 80.2% | 3.4% |
| Equity ratio | 15.6%+5.3 pp | 64.3%-2.0 pp |
Amounts in billions of each company's reporting currency (Lockheed Martin: USD, RTX: DKK); earnings per share in the same currency. The smaller line is the change from the same quarter a year earlier (pp = percentage points).
The two companies' latest quarters are different periods, because their fiscal years end on different dates or one has reported more recently.
Lockheed Martin vs RTX valuation
Market value at the latest stored closing price. Multiples use the latest full fiscal year's earnings, revenue and cash flow; enterprise value adds net debt to market capitalisation. A dash means not available or not meaningful (for example a loss).
| Measure | Lockheed MartinClose 2026-10-23 | RTXClose 2026-10-23 |
|---|---|---|
| Share price | 607.27 | 192.24 |
| Market capitalisation | 141.8 | 260.9 |
| P/E | 28.3 | 38.8 |
| EV/EBIT | 20.2 | 27.1 |
| EV/EBITDA | 16.6 | 18.4 |
| P/S | 1.9 | 2.9 |
| Free cash flow yield | 4.9% | 3.0% |
Market capitalisation in USD billions; share price in the same currency. Multiples are times earnings, EBIT, EBITDA or revenue of the latest full fiscal year (Lockheed Martin FY 2025, RTX FY 2025).
Compare Lockheed Martin and RTX in ChatGPT
With the Clarifo app connected, ChatGPT answers from the filings and links each figure to its source page. Open a question, or copy it into any assistant that has Clarifo.
- Revenue and margins
Compare Lockheed Martin and RTX revenue and operating margin over the last five fiscal years. Show the figures from each 10-K.
- Segments
Which business segments drive Lockheed Martin's and RTX's revenue, and how fast did each grow in the latest fiscal year? Use the segment notes.
- Cash flow
Compare Lockheed Martin and RTX operating cash flow, capital expenditure and free cash flow for the latest fiscal year. Cite the cash flow statements.
- Risks
Which risk factors does Lockheed Martin list in its latest 10-K that RTX does not, and the other way round? Quote the sections.
Each company in detail
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