Is LMT or PH cheaper?

On trailing earnings, LMT is cheaper: LMT trades at a 26.17 P/E and PH at 33.34.

Which has grown faster, LMT or PH?

Over the past five years, PH grew revenue faster — LMT at a 2.62% CAGR versus PH at 9.15%.

Does LMT or PH pay a bigger dividend?

LMT yields 2.53% and PH yields 0.82% based on trailing dividends and the latest price.

Is LMT or PH more profitable?

PH runs the higher net margin — LMT at 6.38% versus PH at 16.58%.

Which has been the better investment, LMT or PH?

Over the past 10-year, PH delivered the higher annualized total return — LMT at 11.34% versus PH at 25.01%. Past performance doesn't predict future results.

Lockheed Martin Corporation (LMT) vs Parker-Hannifin Corporation (PH)

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

A side-by-side comparison of Lockheed Martin Corporation and Parker-Hannifin Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

LMT

Lockheed Martin Corporation

$124.58B

$540.33Industrials

Parker-Hannifin Corporation

$113.92B

$903.48Industrials

Total return — LMT vs PH

growth of $100 · last 30y

LMT +1175.0%PH +4888.8%PH compounded faster

LMT PH

LMT vs PH: by the numbers

•LMT is the larger company ($124.58B vs $113.92B market cap).
•LMT trades at the lower earnings multiple (26.17 vs 33.34 P/E).
•PH converts more revenue to profit (16.58% vs 6.38% net margin).
•PH grew revenue faster over the past five years (9.15% vs 2.62% CAGR).
•LMT pays the higher dividend yield (2.53% vs 0.82%).

Which is better, LMT or PH?

Metric tally: LMT 8 · PH 8

It depends on what you're optimizing for:

ValueLMT(lower P/E)

GrowthPH(faster 5Y revenue CAGR)

IncomeLMT(higher dividend yield)

QualityLMT(higher ROIC)

Valuation

Metric	LMT	PH
P/E ratio	26.17●	33.34
Forward P/E	16.87●	26.53
P/S ratio	1.66●	5.51
P/B ratio	16.67	7.92●
PEG ratio	—	1.04
EV / EBITDA	17.81●	23.13
FCF yield	4.54%●	3.18%

Profitability

Metric	LMT	PH
Gross margin	9.82%	37.23%●
Operating margin	9.88%	20.87%●
Net margin	6.38%	16.58%●
ROE	64.00%●	23.82%
ROIC	17.39%●	13.69%

Dividends

Metric	LMT	PH
Dividend yield	2.53%●	0.82%
Payout ratio	63.31%	26.89%

Growth (annualized)

Metric	LMT	PH
Revenue CAGR (5Y)	2.62%	9.15%●
EPS CAGR (5Y)	-2.44%	24.00%●
FCF CAGR (5Y)	-0.69%	8.25%●
Total return CAGR (5Y)	9.78%	26.11%●

Frequently asked

Which is better, LMT or PH?: It depends on your goal. value: LMT (lower P/E); growth: PH (faster 5Y revenue CAGR); income: LMT (higher dividend yield); quality: LMT (higher ROIC). Across all compared metrics, they are evenly matched.
Is LMT or PH cheaper?: On trailing earnings, LMT is cheaper: LMT trades at a 26.17 P/E and PH at 33.34.
Which has grown faster, LMT or PH?: Over the past five years, PH grew revenue faster — LMT at a 2.62% CAGR versus PH at 9.15%.
Does LMT or PH pay a bigger dividend?: LMT yields 2.53% and PH yields 0.82% based on trailing dividends and the latest price.
Is LMT or PH more profitable?: PH runs the higher net margin — LMT at 6.38% versus PH at 16.58%.
Which has been the better investment, LMT or PH?: Over the past 10-year, PH delivered the higher annualized total return — LMT at 11.34% versus PH at 25.01%. Past performance doesn't predict future results.

Go deeper

Full LMT analysis Full PH analysis Interactive comparison tool

Dig into the metrics

Lockheed Martin P/E ratio Parker-Hannifin P/E ratio Lockheed Martin dividend yield Parker-Hannifin dividend yield Lockheed Martin ROE Parker-Hannifin ROE Lockheed Martin operating margin Parker-Hannifin operating margin Lockheed Martin revenue growth Parker-Hannifin revenue growth Lockheed Martin free cash flow Parker-Hannifin free cash flow

Lockheed Martin & Parker-Hannifin 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 13, 2026.