Lockheed Martin Corporation (LMT) vs Quanta Services, Inc. (PWR)
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 October 4, 2026. Differences are shown without an overall score or investment verdict.
LMT
Lockheed Martin Corporation
$505.41IndustrialsDelayed quote: Oct 2, 2026, 4:00 PM EDT
PWR
Quanta Services, Inc.
$676.56IndustrialsDelayed quote: Oct 2, 2026, 4:00 PM EDT
Total return — LMT vs PWR
growth of $100 · dividends reinvested · last 10yLMT +182.3% (+10.9%/yr)PWR +2382.3% (+37.9%/yr)PWR compounded faster over this window
Log scale — wide-divergence pair
LMT PWR
LMT vs PWR: by the numbers
- •LMT is the larger company ($116.64B vs $101.72B market cap).
- •LMT trades at the lower trailing earnings multiple (18.63 vs 77.50 P/E), one valuation lens rather than an overall verdict.
- •LMT converts more revenue to profit (8.16% vs 4.08% net margin).
- •PWR grew revenue faster over the past five years (23.02% vs 2.88% CAGR).
- •LMT pays the higher dividend yield (2.73% vs 0.06%).
Metrics side by side
Valuation
| Metric | LMT | PWR |
|---|---|---|
| P/E ratio | 18.63 | 77.50 |
| Forward P/E | 16.60 | 40.41 |
| PEG ratio | N/A | 4.50 |
| P/S ratio | 1.51 | 3.10 |
| P/B ratio | 13.30 | 10.55 |
| EV / EBITDA | 12.30 | 35.98 |
| FCF yield | 7.48% | 2.35% |
Profitability
| Metric | LMT | PWR |
|---|---|---|
| Gross margin | 11.80% | 14.42% |
| Operating margin | 11.88% | 6.20% |
| Net margin | 8.16% | 4.08% |
| ROE | 71.70% | 13.88% |
| ROIC | 20.07% | 8.49% |
Dividends
| Metric | LMT | PWR |
|---|---|---|
| Dividend yield | 2.73% | 0.06% |
| Payout ratio | 50.87% | 4.93% |
Growth (annualized)
| Metric | LMT | PWR |
|---|---|---|
| Revenue CAGR (5Y) | 2.88% | 23.02% |
| EPS CAGR (5Y) | -2.44% | 16.88% |
| FCF CAGR (5Y) | 11.90% | 42.82% |
| Total return CAGR (5Y) | 10.68% | 42.32% |
Frequently asked
- Which has the lower trailing P/E, LMT or PWR?
- LMT has the lower trailing P/E: LMT trades at 18.63 and PWR at 77.50. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, LMT or PWR?
- Over the past five years, PWR grew revenue faster — LMT at a 2.88% CAGR versus PWR at 23.02%.
- Does LMT or PWR pay a bigger dividend?
- LMT yields 2.73% 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 8.16% versus PWR at 4.08%.
- How have LMT and PWR total returns compared?
- Over the past 10 years, LMT delivered 10.63% and PWR delivered 37.76% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Lockheed Martin P/E ratioQuanta Services P/E ratioLockheed Martin dividend yieldQuanta Services dividend yieldLockheed Martin ROEQuanta Services ROELockheed Martin operating marginQuanta Services operating marginLockheed Martin revenue growthQuanta Services revenue growthLockheed Martin free cash flowQuanta Services free cash flow
Lockheed Martin & Quanta Services 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 October 4, 2026.