Is LMT or WM cheaper?

On trailing earnings, LMT is cheaper: LMT trades at a 25.57 P/E and WM at 33.86.

Which has grown faster, LMT or WM?

Over the past five years, WM grew revenue faster — LMT at a 2.62% CAGR versus WM at 10.25%.

Does LMT or WM pay a bigger dividend?

LMT yields 2.61% and WM yields 1.62% based on trailing dividends and the latest price.

Is LMT or WM more profitable?

WM runs the higher net margin — LMT at 6.38% versus WM at 10.99%.

Which has been the better investment, LMT or WM?

Over the past 10-year, WM delivered the higher annualized total return — LMT at 10.58% versus WM at 15.28%. Past performance doesn't predict future results.

Lockheed Martin Corporation (LMT) vs Waste Management, Inc. (WM)

WM leads on 8 of 15 compared metrics, though LMT is the cheaper stock.

A side-by-side comparison of Lockheed Martin Corporation and Waste Management, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 9, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

LMT

Lockheed Martin Corporation

$119.49B

$518.26Industrials

Waste Management, Inc.

$93.03B

$231.67Industrials

Total return — LMT vs WM

growth of $100 · last 30y

LMT +1166.4%WM +731.6%LMT compounded faster

LMT WM

LMT vs WM: by the numbers

•LMT is the larger company ($119.49B vs $93.03B market cap).
•LMT trades at the lower earnings multiple (25.57 vs 33.86 P/E).
•WM converts more revenue to profit (10.99% vs 6.38% net margin).
•WM grew revenue faster over the past five years (10.25% vs 2.62% CAGR).
•LMT pays the higher dividend yield (2.61% vs 1.62%).

Which is better, LMT or WM?

Metric tally: LMT 7 · WM 8

It depends on what you're optimizing for:

ValueLMT(lower P/E)

GrowthWM(faster 5Y revenue CAGR)

IncomeLMT(higher dividend yield)

QualityLMT(higher ROIC)

Metrics side by side

Valuation

Metric	LMT	WM
P/E ratio	25.57●	33.86
Forward P/E	17.63●	28.59
P/S ratio	1.62●	3.72
P/B ratio	16.29	9.44●
PEG ratio	—	2.47
EV / EBITDA	15.46	15.30
FCF yield	4.64%●	3.48%

Profitability

Metric	LMT	WM
Gross margin	9.82%	32.06%●
Operating margin	9.88%	18.46%●
Net margin	6.38%	10.99%●
ROE	64.00%●	27.88%
ROIC	17.39%●	8.88%

Dividends

Metric	LMT	WM
Dividend yield	2.61%●	1.62%
Payout ratio	64.01%	56.25%

Growth (annualized)

Metric	LMT	WM
Revenue CAGR (5Y)	2.62%	10.25%●
EPS CAGR (5Y)	-2.44%	13.68%●
FCF CAGR (5Y)	-0.69%	7.28%●
Total return CAGR (5Y)	9.72%	12.21%●

Frequently asked

Which is better, LMT or WM?: It depends on your goal. value: LMT (lower P/E); growth: WM (faster 5Y revenue CAGR); income: LMT (higher dividend yield); quality: LMT (higher ROIC). Across all compared metrics, WM leads 8 to 7.
Is LMT or WM cheaper?: On trailing earnings, LMT is cheaper: LMT trades at a 25.57 P/E and WM at 33.86.
Which has grown faster, LMT or WM?: Over the past five years, WM grew revenue faster — LMT at a 2.62% CAGR versus WM at 10.25%.
Does LMT or WM pay a bigger dividend?: LMT yields 2.61% and WM yields 1.62% based on trailing dividends and the latest price.
Is LMT or WM more profitable?: WM runs the higher net margin — LMT at 6.38% versus WM at 10.99%.
Which has been the better investment, LMT or WM?: Over the past 10-year, WM delivered the higher annualized total return — LMT at 10.58% versus WM at 15.28%. Past performance doesn't predict future results.

Go deeper

Full LMT analysis Full WM analysis Interactive comparison tool

Dig into the metrics

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

Lockheed Martin & Waste Management appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest FCF Yield Stocks Best 10-Year Total Return 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 July 9, 2026.