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

LMT has the lower trailing P/E: GD trades at 21.54 and LMT at 19.42. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, GD or LMT?

Over the past five years, GD grew revenue faster — GD at a 7.32% CAGR versus LMT at 2.88%.

Does GD or LMT pay a bigger dividend?

GD yields 1.74% and LMT yields 2.63% based on trailing dividends and the latest price.

How have GD and LMT total returns compared?

Over the past 10 years, GD delivered 11.40% and LMT delivered 11.12% annualized total return. Past performance doesn't predict future results.

General Dynamics Corporation (GD) vs Lockheed Martin Corporation (LMT)

A side-by-side comparison of General Dynamics Corporation and Lockheed Martin Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.

General Dynamics Corporation

$95.65B

$353.52IndustrialsDelayed quote: Sep 15, 2026, 10:15 AM EDT

LMT

Lockheed Martin Corporation

$121.61B

$526.93IndustrialsDelayed quote: Sep 15, 2026, 10:15 AM EDT

Total return — GD vs LMT

growth of $100 · dividends reinvested · last 10y

GD +190.8% (+11.3%/yr)LMT +181.1% (+10.9%/yr)GD compounded faster over this window

GD LMT

GD vs LMT: by the numbers

•LMT is the larger company ($121.61B vs $95.65B market cap).
•LMT trades at the lower trailing earnings multiple (19.42 vs 21.54 P/E), one valuation lens rather than an overall verdict.
•GD grew revenue faster over the past five years (7.32% vs 2.88% CAGR).
•LMT pays the higher dividend yield (2.63% vs 1.74%).

Metrics side by side

Valuation

Metric	GD	LMT
P/E ratio	21.54	19.42
Forward P/E	20.82	17.32
P/S ratio	1.74	1.58
P/B ratio	3.57	13.87
EV / EBITDA	15.85	12.76
FCF yield	6.74%	7.18%

Profitability

Metric	GD	LMT
Gross margin	15.38%	11.80%
Operating margin	10.32%	11.88%
Net margin	8.18%	8.16%
ROE	16.73%	71.70%
ROIC	10.94%	20.07%

Dividends

Metric	GD	LMT
Dividend yield	1.74%	2.63%
Payout ratio	37.66%	50.87%

Growth (annualized)

Metric	GD	LMT
Revenue CAGR (5Y)	7.32%	2.88%
EPS CAGR (5Y)	7.22%	-2.44%
FCF CAGR (5Y)	10.39%	11.90%
Total return CAGR (5Y)	14.40%	11.61%

Frequently asked

Which has the lower trailing P/E, GD or LMT?: LMT has the lower trailing P/E: GD trades at 21.54 and LMT at 19.42. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, GD or LMT?: Over the past five years, GD grew revenue faster — GD at a 7.32% CAGR versus LMT at 2.88%.
Does GD or LMT pay a bigger dividend?: GD yields 1.74% and LMT yields 2.63% based on trailing dividends and the latest price.
How have GD and LMT total returns compared?: Over the past 10 years, GD delivered 11.40% and LMT delivered 11.12% annualized total return. Past performance doesn't predict future results.

Go deeper

Full GD analysis Full LMT analysis Interactive comparison tool

Dig into the metrics

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

General Dynamics & Lockheed Martin appear in these rankings

Highest Dividend Yield Stocks 25+ Year Dividend Growers Highest ROE Stocks Highest ROIC 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 September 13, 2026.