Is GD or LMT cheaper?

On trailing earnings, GD is cheaper: GD trades at a 22.61 P/E and LMT at 25.68.

Which has grown faster, GD or LMT?

Over the past five years, GD grew revenue faster — GD at a 6.89% CAGR versus LMT at 2.62%.

Does GD or LMT pay a bigger dividend?

GD yields 1.69% and LMT yields 2.57% based on trailing dividends and the latest price.

Is GD or LMT more profitable?

GD runs the higher net margin — GD at 8.07% versus LMT at 6.38%.

Which has been the better investment, GD or LMT?

Over the past 10-year, GD delivered the higher annualized total return — GD at 12.29% versus LMT at 11.19%. Past performance doesn't predict future results.

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

GD leads on 11 of 16 compared metrics.

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 June 16, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

General Dynamics Corporation

$97.23B

$359.53Industrials

LMT

Lockheed Martin Corporation

$122.28B

$530.36Industrials

Total return — GD vs LMT

growth of $100 · last 30y

GD +2219.5%LMT +1168.5%GD compounded faster

GD LMT

GD vs LMT: by the numbers

•LMT is the larger company ($122.28B vs $97.23B market cap).
•GD trades at the lower earnings multiple (22.61 vs 25.68 P/E).
•GD converts more revenue to profit (8.07% vs 6.38% net margin).
•GD grew revenue faster over the past five years (6.89% vs 2.62% CAGR).
•LMT pays the higher dividend yield (2.57% vs 1.69%).

Which is better, GD or LMT?

Metric tally: GD 11 · LMT 5

It depends on what you're optimizing for:

ValueGD(lower P/E)

GrowthGD(faster 5Y revenue CAGR)

IncomeLMT(higher dividend yield)

QualityLMT(higher ROIC)

Metrics side by side

Valuation

Metric	GD	LMT
P/E ratio	22.61●	25.68
Forward P/E	19.73	16.56●
P/S ratio	1.83	1.63●
P/B ratio	3.78●	16.37
PEG ratio	1.63	—
EV / EBITDA	16.32●	16.70
FCF yield	6.29%●	4.62%

Profitability

Metric	GD	LMT
Gross margin	15.24%●	9.82%
Operating margin	10.24%●	9.88%
Net margin	8.07%●	6.38%
ROE	16.65%	64.00%●
ROIC	10.58%	17.39%●

Dividends

Metric	GD	LMT
Dividend yield	1.69%	2.57%●
Payout ratio	38.94%	63.31%

Growth (annualized)

Metric	GD	LMT
Revenue CAGR (5Y)	6.89%●	2.62%
EPS CAGR (5Y)	7.22%●	-2.44%
FCF CAGR (5Y)	11.42%●	-0.69%
Total return CAGR (5Y)	15.76%●	9.26%

Frequently asked

Which is better, GD or LMT?: It depends on your goal. value: GD (lower P/E); growth: GD (faster 5Y revenue CAGR); income: LMT (higher dividend yield); quality: LMT (higher ROIC). Across all compared metrics, GD leads 11 to 5.
Is GD or LMT cheaper?: On trailing earnings, GD is cheaper: GD trades at a 22.61 P/E and LMT at 25.68.
Which has grown faster, GD or LMT?: Over the past five years, GD grew revenue faster — GD at a 6.89% CAGR versus LMT at 2.62%.
Does GD or LMT pay a bigger dividend?: GD yields 1.69% and LMT yields 2.57% based on trailing dividends and the latest price.
Is GD or LMT more profitable?: GD runs the higher net margin — GD at 8.07% versus LMT at 6.38%.
Which has been the better investment, GD or LMT?: Over the past 10-year, GD delivered the higher annualized total return — GD at 12.29% versus LMT at 11.19%. 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 Dividend Aristocrats Highest ROE Stocks Highest FCF Yield 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 16, 2026.