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

LMT has the lower trailing P/E: HWM trades at 49.84 and LMT at 18.63. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, HWM or LMT?

Over the past five years, HWM grew revenue faster — HWM at a 13.81% CAGR versus LMT at 2.88%.

Does HWM or LMT pay a bigger dividend?

HWM yields 0.22% and LMT yields 2.73% based on trailing dividends and the latest price.

Is HWM or LMT more profitable?

HWM runs the higher net margin — HWM at 20.52% versus LMT at 8.16%.

How have HWM and LMT total returns compared?

Over the past 10 years, HWM delivered 27.10% and LMT delivered 10.63% annualized total return. Past performance doesn't predict future results.

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

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 October 3, 2026. Differences are shown without an overall score or investment verdict.

HWM

Howmet Aerospace Inc.

$92.53B

$231.27IndustrialsDelayed quote: Oct 2, 2026, 4:02 PM EDT

LMT

Lockheed Martin Corporation

$116.64B

$505.41IndustrialsDelayed quote: Oct 2, 2026, 4:00 PM EDT

Total return — HWM vs LMT

growth of $100 · dividends reinvested · last 10y

HWM +963.3% (+26.7%/yr)LMT +182.3% (+10.9%/yr)HWM compounded faster over this window

HWM LMT

HWM vs LMT: by the numbers

•LMT is the larger company ($116.64B vs $92.53B market cap).
•LMT trades at the lower trailing earnings multiple (18.63 vs 49.84 P/E), one valuation lens rather than an overall verdict.
•HWM converts more revenue to profit (20.52% vs 8.16% net margin).
•HWM grew revenue faster over the past five years (13.81% vs 2.88% CAGR).
•LMT pays the higher dividend yield (2.73% vs 0.22%).

Metrics side by side

Valuation

Metric	HWM	LMT
P/E ratio	49.84	18.63
Forward P/E	43.33	16.60
PEG ratio	0.99	N/A
P/S ratio	10.15	1.51
P/B ratio	16.14	13.30
EV / EBITDA	33.43	12.30
FCF yield	1.70%	7.48%

Profitability

Metric	HWM	LMT
Gross margin	34.44%	11.80%
Operating margin	28.33%	11.88%
Net margin	20.52%	8.16%
ROE	32.64%	71.70%
ROIC	18.58%	20.07%

Dividends

Metric	HWM	LMT
Dividend yield	0.22%	2.73%
Payout ratio	10.78%	50.87%

Growth (annualized)

Metric	HWM	LMT
Revenue CAGR (5Y)	13.81%	2.88%
EPS CAGR (5Y)	50.70%	-2.44%
FCF CAGR (5Y)	76.77%	11.90%
Total return CAGR (5Y)	48.53%	10.68%

Frequently asked

Which has the lower trailing P/E, HWM or LMT?: LMT has the lower trailing P/E: HWM trades at 49.84 and LMT at 18.63. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, HWM or LMT?: Over the past five years, HWM grew revenue faster — HWM at a 13.81% CAGR versus LMT at 2.88%.
Does HWM or LMT pay a bigger dividend?: HWM yields 0.22% and LMT yields 2.73% based on trailing dividends and the latest price.
Is HWM or LMT more profitable?: HWM runs the higher net margin — HWM at 20.52% versus LMT at 8.16%.
How have HWM and LMT total returns compared?: Over the past 10 years, HWM delivered 27.10% and LMT delivered 10.63% annualized total return. 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 October 3, 2026.