Is LMT or PWR cheaper?

On trailing earnings, LMT is cheaper: LMT trades at a 24.74 P/E and PWR at 96.33.

Which has grown faster, LMT or PWR?

Over the past five years, PWR grew revenue faster — LMT at a 2.62% CAGR versus PWR at 21.91%.

Does LMT or PWR pay a bigger dividend?

LMT yields 2.67% and PWR yields 0.06% based on trailing dividends and the latest price.

Is LMT or PWR more profitable?

LMT runs the higher net margin — LMT at 6.38% versus PWR at 3.72%.

Which has been the better investment, LMT or PWR?

Over the past 10-year, PWR delivered the higher annualized total return — LMT at 10.86% versus PWR at 40.90%. Past performance doesn't predict future results.

Lockheed Martin Corporation (LMT) vs Quanta Services, Inc. (PWR)

LMT leads on 10 of 16 compared metrics.

A side-by-side comparison of Lockheed Martin Corporation and Quanta Services, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 19, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

LMT

Lockheed Martin Corporation

$117.81B

$510.95Industrials

PWR

Quanta Services, Inc.

$105.38B

$702.25Industrials

Total return — LMT vs PWR

growth of $100 · last 28y

LMT +828.5%PWR +9263.3%PWR compounded faster

Log scale — wide-divergence pair

LMT PWR

LMT vs PWR: by the numbers

•LMT is the larger company ($117.81B vs $105.38B market cap).
•LMT trades at the lower earnings multiple (24.74 vs 96.33 P/E).
•LMT converts more revenue to profit (6.38% vs 3.72% net margin).
•PWR grew revenue faster over the past five years (21.91% vs 2.62% CAGR).
•LMT pays the higher dividend yield (2.67% vs 0.06%).

Which is better, LMT or PWR?

Metric tally: LMT 10 · PWR 6

It depends on what you're optimizing for:

ValueLMT(lower P/E)

GrowthPWR(faster 5Y revenue CAGR)

IncomeLMT(higher dividend yield)

QualityLMT(higher ROIC)

Metrics side by side

Valuation

Metric	LMT	PWR
P/E ratio	24.74●	96.33
Forward P/E	15.95●	42.86
P/S ratio	1.57●	3.56
P/B ratio	15.77	11.81●
PEG ratio	—	5.40
EV / EBITDA	16.17●	46.89
FCF yield	4.80%●	1.57%

Profitability

Metric	LMT	PWR
Gross margin	9.82%	13.59%●
Operating margin	9.88%●	5.76%
Net margin	6.38%●	3.72%
ROE	64.00%●	12.33%
ROIC	17.39%●	7.07%

Dividends

Metric	LMT	PWR
Dividend yield	2.67%●	0.06%
Payout ratio	63.31%	6.11%

Growth (annualized)

Metric	LMT	PWR
Revenue CAGR (5Y)	2.62%	21.91%●
EPS CAGR (5Y)	-2.44%	16.88%●
FCF CAGR (5Y)	-0.69%	17.91%●
Total return CAGR (5Y)	9.05%	52.49%●

Frequently asked

Which is better, LMT or PWR?: It depends on your goal. value: LMT (lower P/E); growth: PWR (faster 5Y revenue CAGR); income: LMT (higher dividend yield); quality: LMT (higher ROIC). Across all compared metrics, LMT leads 10 to 6.
Is LMT or PWR cheaper?: On trailing earnings, LMT is cheaper: LMT trades at a 24.74 P/E and PWR at 96.33.
Which has grown faster, LMT or PWR?: Over the past five years, PWR grew revenue faster — LMT at a 2.62% CAGR versus PWR at 21.91%.
Does LMT or PWR pay a bigger dividend?: LMT yields 2.67% and PWR yields 0.06% based on trailing dividends and the latest price.
Is LMT or PWR more profitable?: LMT runs the higher net margin — LMT at 6.38% versus PWR at 3.72%.
Which has been the better investment, LMT or PWR?: Over the past 10-year, PWR delivered the higher annualized total return — LMT at 10.86% versus PWR at 40.90%. Past performance doesn't predict future results.

Go deeper

Full LMT analysis Full PWR analysis Interactive comparison tool

Dig into the metrics

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

Lockheed Martin & Quanta Services appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks 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 19, 2026.