Deere & Company (DE) vs Lockheed Martin Corporation (LMT)

LMT leads on 9 of 16 compared metrics.

A side-by-side comparison of Deere & Company and Lockheed Martin Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — DE vs LMT

growth of $100 · last 30y
DE +2675.0%LMT +1175.0%DE compounded faster
01k2k3kStart $100200120062011201620212026$2,775$1,275
DE LMT

DE vs LMT: by the numbers

  • DE is the larger company ($155.88B vs $124.58B market cap).
  • LMT trades at the lower earnings multiple (26.17 vs 32.72 P/E).
  • DE converts more revenue to profit (10.21% vs 6.38% net margin).
  • DE grew revenue faster over the past five years (3.78% vs 2.62% CAGR).
  • LMT pays the higher dividend yield (2.53% vs 1.12%).

Which is better, DE or LMT?

Metric tally: DE 7 · LMT 9

It depends on what you're optimizing for:

ValueLMT(lower P/E)
GrowthDE(faster 5Y revenue CAGR)
IncomeLMT(higher dividend yield)
QualityLMT(higher ROIC)

Valuation

MetricDELMT
P/E ratio32.7226.17
Forward P/E31.9516.87
P/S ratio3.341.66
P/B ratio5.7116.67
PEG ratio2.02
EV / EBITDA19.5417.81
FCF yield2.41%4.54%

Profitability

MetricDELMT
Gross margin35.40%9.82%
Operating margin18.38%9.88%
Net margin10.21%6.38%
ROE17.45%64.00%
ROIC7.13%17.39%

Dividends

MetricDELMT
Dividend yield1.12%2.53%
Payout ratio34.91%63.31%

Growth (annualized)

MetricDELMT
Revenue CAGR (5Y)3.78%2.62%
EPS CAGR (5Y)16.17%-2.44%
FCF CAGR (5Y)-9.34%-0.69%
Total return CAGR (5Y)12.54%9.78%

Frequently asked

Which is better, DE or LMT?
It depends on your goal. value: LMT (lower P/E); growth: DE (faster 5Y revenue CAGR); income: LMT (higher dividend yield); quality: LMT (higher ROIC). Across all compared metrics, LMT leads 9 to 7.
Is DE or LMT cheaper?
On trailing earnings, LMT is cheaper: DE trades at a 32.72 P/E and LMT at 26.17.
Which has grown faster, DE or LMT?
Over the past five years, DE grew revenue faster — DE at a 3.78% CAGR versus LMT at 2.62%.
Does DE or LMT pay a bigger dividend?
DE yields 1.12% and LMT yields 2.53% based on trailing dividends and the latest price.
Is DE or LMT more profitable?
DE runs the higher net margin — DE at 10.21% versus LMT at 6.38%.
Which has been the better investment, DE or LMT?
Over the past 10-year, DE delivered the higher annualized total return — DE at 22.98% versus LMT at 11.34%. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.