Is ETN or LMT cheaper?

On trailing earnings, LMT is cheaper: ETN trades at a 38.26 P/E and LMT at 26.17.

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 2.62%.

Does ETN or LMT pay a bigger dividend?

ETN yields 1.09% and LMT yields 2.53% 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 6.38%.

Which has been the better investment, ETN or LMT?

Over the past 10-year, ETN delivered the higher annualized total return — ETN at 23.24% versus LMT at 11.34%. Past performance doesn't predict future results.

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

ETN and LMT are evenly matched — 8 metrics each of 16.

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 June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

ETN

Eaton Corporation plc

$151.98B

$391.39Industrials

LMT

Lockheed Martin Corporation

$124.58B

$540.33Industrials

Total return — ETN vs LMT

growth of $100 · last 30y

ETN +3008.7%LMT +1175.0%ETN compounded faster

ETN LMT

ETN vs LMT: by the numbers

•ETN is the larger company ($151.98B vs $124.58B market cap).
•LMT trades at the lower earnings multiple (26.17 vs 38.26 P/E).
•ETN converts more revenue to profit (13.99% vs 6.38% net margin).
•ETN grew revenue faster over the past five years (9.94% vs 2.62% CAGR).
•LMT pays the higher dividend yield (2.53% vs 1.09%).

Which is better, ETN or LMT?

Metric tally: ETN 8 · LMT 8

It depends on what you're optimizing for:

ValueLMT(lower P/E)

GrowthETN(faster 5Y revenue CAGR)

IncomeLMT(higher dividend yield)

QualityLMT(higher ROIC)

Valuation

Metric	ETN	LMT
P/E ratio	38.26	26.17●
Forward P/E	24.99	16.87●
P/S ratio	5.34	1.66●
P/B ratio	7.71●	16.67
PEG ratio	3.04	—
EV / EBITDA	29.13	17.81●
FCF yield	3.08%	4.54%●

Profitability

Metric	ETN	LMT
Gross margin	36.89%●	9.82%
Operating margin	18.13%●	9.88%
Net margin	13.99%●	6.38%
ROE	20.19%	64.00%●
ROIC	13.14%	17.39%●

Dividends

Metric	ETN	LMT
Dividend yield	1.09%	2.53%●
Payout ratio	40.80%	63.31%

Growth (annualized)

Metric	ETN	LMT
Revenue CAGR (5Y)	9.94%●	2.62%
EPS CAGR (5Y)	24.48%●	-2.44%
FCF CAGR (5Y)	13.57%●	-0.69%
Total return CAGR (5Y)	23.64%●	9.78%

Frequently asked

Which is better, ETN or LMT?: It depends on your goal. value: LMT (lower P/E); growth: ETN (faster 5Y revenue CAGR); income: LMT (higher dividend yield); quality: LMT (higher ROIC). Across all compared metrics, they are evenly matched.
Is ETN or LMT cheaper?: On trailing earnings, LMT is cheaper: ETN trades at a 38.26 P/E and LMT at 26.17.
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 2.62%.
Does ETN or LMT pay a bigger dividend?: ETN yields 1.09% and LMT yields 2.53% 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 6.38%.
Which has been the better investment, ETN or LMT?: Over the past 10-year, ETN delivered the higher annualized total return — ETN at 23.24% versus LMT at 11.34%. 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 Best 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 June 13, 2026.