Is HWM or LMT cheaper?

On trailing earnings, LMT is cheaper: HWM trades at a 64.42 P/E and LMT at 24.74.

Which has grown faster, HWM or LMT?

Over the past five years, HWM grew revenue faster — HWM at a 12.27% CAGR versus LMT at 2.62%.

Does HWM or LMT pay a bigger dividend?

HWM yields 0.17% and LMT yields 2.67% based on trailing dividends and the latest price.

Is HWM or LMT more profitable?

HWM runs the higher net margin — HWM at 20.22% versus LMT at 6.38%.

Which has been the better investment, HWM or LMT?

Over the past 10-year, HWM delivered the higher annualized total return — HWM at 30.25% versus LMT at 10.86%. Past performance doesn't predict future results.

Howmet Aerospace Inc. (HWM) vs Lockheed Martin Corporation (LMT)

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

A side-by-side comparison of Howmet Aerospace Inc. and Lockheed Martin Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 21, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

HWM

Howmet Aerospace Inc.

$111.09B

$277.66Industrials

LMT

Lockheed Martin Corporation

$117.81B

$510.95Industrials

Total return — HWM vs LMT

growth of $100 · last 30y

HWM +1090.9%LMT +1140.5%LMT compounded faster

HWM LMT

HWM vs LMT: by the numbers

•LMT is the larger company ($117.81B vs $111.09B market cap).
•LMT trades at the lower earnings multiple (24.74 vs 64.42 P/E).
•HWM converts more revenue to profit (20.22% vs 6.38% net margin).
•HWM grew revenue faster over the past five years (12.27% vs 2.62% CAGR).
•LMT pays the higher dividend yield (2.67% vs 0.17%).

Which is better, HWM or LMT?

Metric tally: HWM 8 · LMT 8

It depends on what you're optimizing for:

ValueLMT(lower P/E)

GrowthHWM(faster 5Y revenue CAGR)

IncomeLMT(higher dividend yield)

QualityHWM(higher ROIC)

Metrics side by side

Valuation

Metric	HWM	LMT
P/E ratio	64.42	24.74●
Forward P/E	46.11	15.95●
P/S ratio	12.98	1.57●
P/B ratio	20.26	15.77●
PEG ratio	1.73	—
EV / EBITDA	44.78	16.17●
FCF yield	1.28%	4.80%●

Profitability

Metric	HWM	LMT
Gross margin	32.56%●	9.82%
Operating margin	27.53%●	9.88%
Net margin	20.22%●	6.38%
ROE	31.58%	64.00%●
ROIC	18.19%●	17.39%

Dividends

Metric	HWM	LMT
Dividend yield	0.17%	2.67%●
Payout ratio	12.87%	63.31%

Growth (annualized)

Metric	HWM	LMT
Revenue CAGR (5Y)	12.27%●	2.62%
EPS CAGR (5Y)	50.70%●	-2.44%
FCF CAGR (5Y)	103.64%●	-0.69%
Total return CAGR (5Y)	53.39%●	9.05%

Frequently asked

Which is better, HWM or LMT?: It depends on your goal. value: LMT (lower P/E); growth: HWM (faster 5Y revenue CAGR); income: LMT (higher dividend yield); quality: HWM (higher ROIC). Across all compared metrics, they are evenly matched.
Is HWM or LMT cheaper?: On trailing earnings, LMT is cheaper: HWM trades at a 64.42 P/E and LMT at 24.74.
Which has grown faster, HWM or LMT?: Over the past five years, HWM grew revenue faster — HWM at a 12.27% CAGR versus LMT at 2.62%.
Does HWM or LMT pay a bigger dividend?: HWM yields 0.17% and LMT yields 2.67% based on trailing dividends and the latest price.
Is HWM or LMT more profitable?: HWM runs the higher net margin — HWM at 20.22% versus LMT at 6.38%.
Which has been the better investment, HWM or LMT?: Over the past 10-year, HWM delivered the higher annualized total return — HWM at 30.25% versus LMT at 10.86%. Past performance doesn't predict future results.

Go deeper

Full HWM analysis Full LMT analysis Interactive comparison tool

Dig into the metrics

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

Howmet Aerospace & Lockheed Martin appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest ROIC 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 21, 2026.