Lockheed Martin Corporation (LMT) Enterprise Value (EV): $129.26B
The enterprise value (EV) for Lockheed Martin Corporation (LMT) is $129.26B as of Tuesday, June 9, 2026.
LMT Enterprise Value (EV) Metrics
ENTERPRISE VALUE (EV)
$129.26B
LMT Competitors' Enterprise Value (EV)
| NAME | MARKET CAP | ENTERPRISE VALUE (EV) |
|---|---|---|
| Lockheed Martin Corporation (LMT) | — | $129.26B |
| Parker-Hannifin Corporation (PH) | $114.18B | $98.79B |
| Honeywell International Inc. (HON) | $136.68B | $146.76B |
| Automatic Data Processing, Inc. (ADP) | $92.41B | $131.27B |
| Cummins Inc. (CMI) | $92.35B | $75.66B |
| United Parcel Service, Inc. (UPS) | $91.69B | $110.62B |
| Deere & Company (DE) | $155.84B | $180.80B |
| Eaton Corporation plc (ETN) | $155.99B | $134.19B |
| Union Pacific Corporation (UNP) | $161.06B | $167.60B |
| 3M Company (MMM) | $81.55B | $93.24B |
Enterprise Value Calculation
Market Cap
$122.23B
Total Debt
$21.70B
Cash
$4.12B
Enterprise Value
$129.26B
EV-Based Valuation Multiples
Why use EV instead of Market Cap?
- EV accounts for debt - an acquirer must pay or assume it
- EV deducts cash - the acquirer effectively receives it
- EV enables fair comparison of companies with different capital structures
- EV-based ratios (EV/EBITDA, EV/Sales) are capital structure neutral
Lockheed Martin Corporation Enterprise Value (EV) Formula & Definition
Enterprise Value represents the total value of a company as if you were to acquire it completely - paying for equity while assuming debt and receiving cash.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Lockheed Martin Corporation Enterprise Value (EV) FAQ
- What is the enterprise value (EV) for Lockheed Martin Corporation (LMT)?
- The enterprise value (EV) for LMT stock is $129.26B.
Related Metrics
About Lockheed Martin Corporation
Lockheed Martin Corporation stands as a prominent global security and aerospace enterprise, specializing in the comprehensive lifecycle of advanced technological systems. Its expertise spans the research, design, development, manufacturing, integration, and ongoing sustainment of cutting-edge products and services across the world. The company's diverse operations are structured into four key segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics division is responsible for creating and producing leading-edge combat and air mobility aircraft, alongside unmanned aerial vehicles and their related innovations. The Missiles and Fire Control segment delivers sophisticated air and missile defense systems; tactical and precision air-to-ground weapon systems; comprehensive logistics; advanced fire control; mission operations, readiness, engineering support, and integration services; both crewed and uncrewed ground vehicles; and energy management solutions. Within the Rotary and Mission Systems segment, the portfolio includes military and commercial helicopters, naval surface ships, land and sea-based missile defense systems, advanced radar technologies, maritime and airborne mission and combat systems, intricate command and control solutions, cybersecurity services, and simulation and training platforms. The Space division focuses on satellites, space transportation systems, strategic, advanced strike, and defensive missile systems, as well as classified systems and services vital for national security. This segment further enhances situational awareness through network enablement, integrating space and ground-based systems to empower customers in gathering, analyzing, and securely distributing crucial intelligence data. Lockheed Martin primarily serves the United States government, alongside fulfilling foreign military sales facilitated through U.S. government contracts. Established in 1912, the corporation maintains its headquarters in Bethesda, Maryland.
- Sector
- Industrials
- Industry
- Aerospace & Defense
- CEO
- James D. Taiclet Jr.