Lockheed Martin Corporation (LMT) vs Mastercard Incorporated (MA)
A side-by-side comparison of Lockheed Martin Corporation and Mastercard Incorporated across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 11, 2026. Differences are shown without an overall score or investment verdict.
Different business models: LMT is classified in Industrials; MA is classified in Financial Services. Margin, capital intensity, and valuation differences should be interpreted in that sector context.
LMT
Lockheed Martin Corporation
$524.19IndustrialsDelayed quote: Sep 11, 2026, 4:01 PM EDT
MA
Mastercard Incorporated
$569.19Financial ServicesDelayed quote: Sep 11, 2026, 4:00 PM EDT
Total return — LMT vs MA
growth of $100 · dividends reinvested · last 10yLMT +184.2% (+11.0%/yr)MA +498.8% (+19.6%/yr)MA compounded faster over this window
LMT MA
LMT vs MA: by the numbers
- •MA is the larger company ($499.20B vs $120.98B market cap).
- •LMT trades at the lower trailing earnings multiple (19.32 vs 31.31 P/E), one valuation lens rather than an overall verdict.
- •MA converts more revenue to profit (46.34% vs 8.16% net margin).
- •MA grew revenue faster over the past five years (16.09% vs 2.88% CAGR).
- •LMT pays the higher dividend yield (2.60% vs 0.60%).
Metrics side by side
Valuation
| Metric | LMT | MA |
|---|---|---|
| P/E ratio | 19.32 | 31.31 |
| Forward P/E | 17.23 | 28.52 |
| P/S ratio | 1.57 | 14.23 |
| P/B ratio | 13.80 | 88.97 |
| EV / EBITDA | 12.70 | N/A |
| FCF yield | 7.22% | N/A |
Profitability
| Metric | LMT | MA |
|---|---|---|
| Gross margin | 11.80% | 100.00% |
| Operating margin | 11.88% | 59.84% |
| Net margin | 8.16% | 46.34% |
| ROE | 71.70% | 289.73% |
| ROIC | 20.07% | N/A |
Dividends
| Metric | LMT | MA |
|---|---|---|
| Dividend yield | 2.60% | 0.60% |
| Payout ratio | 50.87% | 18.54% |
Growth (annualized)
| Metric | LMT | MA |
|---|---|---|
| Revenue CAGR (5Y) | 2.88% | 16.09% |
| EPS CAGR (5Y) | -2.44% | 20.93% |
| FCF CAGR (5Y) | 11.90% | N/A |
| Total return CAGR (5Y) | 11.87% | 10.88% |
Frequently asked
- Which has the lower trailing P/E, LMT or MA?
- LMT has the lower trailing P/E: LMT trades at 19.32 and MA at 31.31. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, LMT or MA?
- Over the past five years, MA grew revenue faster — LMT at a 2.88% CAGR versus MA at 16.09%.
- Does LMT or MA pay a bigger dividend?
- LMT yields 2.60% and MA yields 0.60% based on trailing dividends and the latest price.
- Is LMT or MA more profitable?
- MA runs the higher net margin — LMT at 8.16% versus MA at 46.34%.
- How have LMT and MA total returns compared?
- Over the past 10 years, LMT delivered 11.24% and MA delivered 19.83% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Lockheed Martin P/E ratioMastercard P/E ratioLockheed Martin dividend yieldMastercard dividend yieldLockheed Martin ROEMastercard ROELockheed Martin operating marginMastercard operating marginLockheed Martin revenue growthMastercard revenue growthLockheed Martin free cash flow
Lockheed Martin & Mastercard appear in these rankings
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 11, 2026.