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

LMT has the lower trailing P/E: LMT trades at 19.34 and TT at 33.15. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, LMT or TT?

Over the past five years, TT grew revenue faster — LMT at a 2.88% CAGR versus TT at 10.44%.

Does LMT or TT pay a bigger dividend?

LMT yields 2.63% and TT yields 0.92% based on trailing dividends and the latest price.

Is LMT or TT more profitable?

TT runs the higher net margin — LMT at 8.16% versus TT at 13.28%.

How have LMT and TT total returns compared?

Over the past 10 years, LMT delivered 11.12% and TT delivered 26.63% annualized total return. Past performance doesn't predict future results.

Lockheed Martin Corporation (LMT) vs Trane Technologies plc (TT)

A side-by-side comparison of Lockheed Martin Corporation and Trane Technologies plc across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.

LMT

Lockheed Martin Corporation

$121.09B

$524.68IndustrialsDelayed quote: Sep 23, 2026, 4:02 PM EDT

Trane Technologies plc

$96.20B

$437.23IndustrialsDelayed quote: Sep 23, 2026, 3:59 PM EDT

Total return — LMT vs TT

growth of $100 · dividends reinvested · last 10y

LMT +192.4% (+11.3%/yr)TT +956.2% (+26.6%/yr)TT compounded faster over this window

LMT TT

LMT vs TT: by the numbers

•LMT is the larger company ($121.09B vs $96.20B market cap).
•LMT trades at the lower trailing earnings multiple (19.34 vs 33.15 P/E), one valuation lens rather than an overall verdict.
•TT converts more revenue to profit (13.28% vs 8.16% net margin).
•TT grew revenue faster over the past five years (10.44% vs 2.88% CAGR).
•LMT pays the higher dividend yield (2.63% vs 0.92%).

Metrics side by side

Valuation

Metric	LMT	TT
P/E ratio	19.34	33.15
Forward P/E	17.25	28.63
P/S ratio	1.57	4.33
P/B ratio	13.81	11.13
EV / EBITDA	12.71	22.74
FCF yield	7.21%	3.73%

Profitability

Metric	LMT	TT
Gross margin	11.80%	35.39%
Operating margin	11.88%	17.94%
Net margin	8.16%	13.28%
ROE	71.70%	34.11%
ROIC	20.07%	19.89%

Dividends

Metric	LMT	TT
Dividend yield	2.63%	0.92%
Payout ratio	50.87%	31.01%

Growth (annualized)

Metric	LMT	TT
Revenue CAGR (5Y)	2.88%	10.44%
EPS CAGR (5Y)	-2.44%	29.75%
FCF CAGR (5Y)	11.90%	11.84%
Total return CAGR (5Y)	11.61%	19.98%

Frequently asked

Which has the lower trailing P/E, LMT or TT?: LMT has the lower trailing P/E: LMT trades at 19.34 and TT at 33.15. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, LMT or TT?: Over the past five years, TT grew revenue faster — LMT at a 2.88% CAGR versus TT at 10.44%.
Does LMT or TT pay a bigger dividend?: LMT yields 2.63% and TT yields 0.92% based on trailing dividends and the latest price.
Is LMT or TT more profitable?: TT runs the higher net margin — LMT at 8.16% versus TT at 13.28%.
How have LMT and TT total returns compared?: Over the past 10 years, LMT delivered 11.12% and TT delivered 26.63% annualized total return. Past performance doesn't predict future results.

Go deeper

Full LMT analysis Full TT analysis Interactive comparison tool

Dig into the metrics

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

Lockheed Martin & Trane Technologies 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 September 13, 2026.