Lockheed Martin Corporation (LMT) Return on Invested Capital (ROIC): 17.39%
Is Lockheed Martin Corporation’s return on invested capital (ROIC) high or low?
Lockheed Martin Corporation's return on invested capital (ROIC) of 17.39% is in line with its 5-year average of 18.91%, near the low end of its 5-year range (16.33%–20.69%).
As of Thursday, June 11, 2026. 3.14% above its 12-month average of 16.86%.
LMT Return on Invested Capital (ROIC) Chart
LMT Average Return on Invested Capital (ROIC) Chart
LMT Current vs Average Return on Invested Capital (ROIC) Chart
LMT Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
17.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
16.86%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
18.35%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
18.91%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
16.75%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
15.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
15.16%
CURRENT VS TTM AVG
+3.14%
CURRENT VS 3Y AVG
-5.22%
CURRENT VS 5Y AVG
-8.05%
CURRENT VS 10Y AVG
+3.84%
CURRENT VS 15Y AVG
+13.02%
CURRENT VS 20Y AVG
+14.74%
LMT Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Lockheed Martin Corporation (LMT) | $125.60B | 17.39% | 16.86% | 18.35% | 18.91% |
| Honeywell International Inc. (HON) | $134.39B | 9.22% | 9.07% | 9.79% | 9.60% |
| Parker-Hannifin Corporation (PH) | $111.16B | 13.69% | 12.91% | 11.49% | 10.97% |
| Eaton Corporation plc (ETN) | $148.14B | 13.14% | 13.05% | 11.55% | 10.10% |
| Deere & Company (DE) | $151.13B | 7.13% | 7.13% | 9.73% | 9.30% |
| Union Pacific Corporation (UNP) | $157.34B | 11.70% | 11.65% | 11.67% | 11.45% |
| Automatic Data Processing, Inc. (ADP) | $91.77B | 24.66% | 32.02% | 35.59% | 31.77% |
| United Parcel Service, Inc. (UPS) | $89.45B | 10.40% | 11.21% | 13.32% | 13.95% |
| Cummins Inc. (CMI) | $88.11B | 11.41% | 12.55% | 9.89% | 10.37% |
| CSX Corporation (CSX) | $88.01B | 8.40% | 9.30% | 10.17% | 9.93% |
Capital Efficiency
ROIC
17.4%
ROE
64.0%
Lockheed Martin Corporation Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Lockheed Martin Corporation Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for Lockheed Martin Corporation (LMT)?
- The return on invested capital (ROIC) for LMT stock is 17.39%.
- Is Lockheed Martin Corporation's return on invested capital (ROIC) high or low?
- Lockheed Martin Corporation's return on invested capital (ROIC) of 17.39% is in line with its 5-year average of 18.91%, near the low end of its 5-year range (16.33%–20.69%).
- What is the TTM average return on invested capital (ROIC) for Lockheed Martin Corporation (LMT)?
- The TTM average return on invested capital (ROIC) for LMT stock is 16.86%.
- What is the 3Y average return on invested capital (ROIC) for Lockheed Martin Corporation (LMT)?
- The 3Y average return on invested capital (ROIC) for LMT stock is 18.35%.
- What is the 5Y average return on invested capital (ROIC) for Lockheed Martin Corporation (LMT)?
- The 5Y average return on invested capital (ROIC) for LMT stock is 18.91%.
- What is the 10Y average return on invested capital (ROIC) for Lockheed Martin Corporation (LMT)?
- The 10Y average return on invested capital (ROIC) for LMT stock is 16.75%.
- What is the 15Y average return on invested capital (ROIC) for Lockheed Martin Corporation (LMT)?
- The 15Y average return on invested capital (ROIC) for LMT stock is 15.39%.
- What is the 20Y average return on invested capital (ROIC) for Lockheed Martin Corporation (LMT)?
- The 20Y average return on invested capital (ROIC) for LMT stock is 15.16%.
Lockheed Martin Corporation Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 17.39% |
| 2024-12-31 | 16.33% |
| 2023-12-31 | 20.37% |
| 2022-12-31 | 19.30% |
| 2021-12-31 | 20.69% |
| 2020-12-31 | 19.40% |
| 2019-12-31 | 21.12% |
| 2018-12-31 | 19.82% |
| 2017-12-31 | 7.13% |
| 2016-12-31 | 12.83% |
| 2015-12-31 | 9.83% |
| 2014-12-31 | 14.81% |
| 2013-12-31 | 12.76% |
| 2012-12-31 | 11.22% |
| 2011-12-31 | 11.34% |
| 2010-12-31 | 11.85% |
| 2009-12-31 | 12.90% |
| 2008-12-31 | 15.17% |
| 2007-12-31 | 17.89% |
| 2006-12-31 | 14.87% |
| 2005-12-31 | 11.25% |
| 2004-12-31 | 9.35% |
| 2003-12-31 | 7.80% |
| 2002-12-31 | 10.41% |
| 2001-12-31 | 3.59% |
| 2000-12-31 | -11.36% |
| 1999-12-31 | 4.71% |
| 1998-12-31 | 6.95% |
| 1997-12-31 | 7.50% |
| 1996-12-31 | 6.92% |
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.