Which has the lower trailing P/E, ETN or LMT?

LMT has the lower trailing P/E: ETN trades at 38.97 and LMT at 21.38. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, ETN or LMT?

Over the past five years, ETN grew revenue faster — ETN at a 9.94% CAGR versus LMT at 2.88%.

Does ETN or LMT pay a bigger dividend?

ETN yields 1.07% and LMT yields 2.35% based on trailing dividends and the latest price.

Is ETN or LMT more profitable?

ETN runs the higher net margin — ETN at 13.99% versus LMT at 8.16%.

How have ETN and LMT total returns compared?

Over the past 10 years, ETN delivered 22.93% and LMT delivered 11.52% annualized total return. Past performance doesn't predict future results.

Eaton Corporation plc (ETN) vs Lockheed Martin Corporation (LMT)

A side-by-side comparison of Eaton Corporation plc and Lockheed Martin Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 28, 2026. Differences are shown without an overall score or investment verdict.

ETN

Eaton Corporation plc

$149.98B

$386.26IndustrialsDelayed quote: Jul 28, 2026, 4:00 PM EDT

LMT

Lockheed Martin Corporation

$134.16B

$581.31IndustrialsDelayed quote: Jul 28, 2026, 4:02 PM EDT

Total return — ETN vs LMT

growth of $100 · dividends reinvested · last 30y

ETN +7219.5%LMT +2869.9%ETN compounded faster

ETN LMT

ETN vs LMT: by the numbers

•ETN is the larger company ($149.98B vs $134.16B market cap).
•LMT trades at the lower trailing earnings multiple (21.38 vs 38.97 P/E), one valuation lens rather than an overall verdict.
•ETN converts more revenue to profit (13.99% vs 8.16% net margin).
•ETN grew revenue faster over the past five years (9.94% vs 2.88% CAGR).
•LMT pays the higher dividend yield (2.35% vs 1.07%).

Metrics side by side

Valuation

Metric	ETN	LMT
P/E ratio	38.97	21.38
Forward P/E	29.87	19.24
P/S ratio	5.44	1.74
P/B ratio	7.85	15.29
PEG ratio	3.05	N/A
EV / EBITDA	28.37	14.44
FCF yield	3.03%	6.90%

Profitability

Metric	ETN	LMT
Gross margin	36.89%	11.80%
Operating margin	18.13%	11.88%
Net margin	13.99%	8.16%
ROE	20.19%	71.70%
ROIC	13.14%	17.39%

Dividends

Metric	ETN	LMT
Dividend yield	1.07%	2.35%
Payout ratio	40.80%	63.31%

Growth (annualized)

Metric	ETN	LMT
Revenue CAGR (5Y)	9.94%	2.88%
EPS CAGR (5Y)	24.48%	-2.44%
FCF CAGR (5Y)	13.57%	13.21%
Total return CAGR (5Y)	22.55%	12.11%

Frequently asked

Which has the lower trailing P/E, ETN or LMT?: LMT has the lower trailing P/E: ETN trades at 38.97 and LMT at 21.38. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, ETN or LMT?: Over the past five years, ETN grew revenue faster — ETN at a 9.94% CAGR versus LMT at 2.88%.
Does ETN or LMT pay a bigger dividend?: ETN yields 1.07% and LMT yields 2.35% based on trailing dividends and the latest price.
Is ETN or LMT more profitable?: ETN runs the higher net margin — ETN at 13.99% versus LMT at 8.16%.
How have ETN and LMT total returns compared?: Over the past 10 years, ETN delivered 22.93% and LMT delivered 11.52% annualized total return. Past performance doesn't predict future results.

Go deeper

Full ETN analysis Full LMT analysis Interactive comparison tool

Dig into the metrics

Eaton P/E ratio Lockheed Martin P/E ratio Eaton dividend yield Lockheed Martin dividend yield Eaton ROE Lockheed Martin ROE Eaton operating margin Lockheed Martin operating margin Eaton revenue growth Lockheed Martin revenue growth Eaton free cash flow Lockheed Martin free cash flow

Eaton & Lockheed Martin appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest FCF Yield Stocks Highest 10-Year Total Return Stocks

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 July 28, 2026.