Boeing (BA) vs Lockheed Martin (LMT)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Lockheed Martin (LMT) has outperformed Boeing (BA) over the past year, losing 2.3% versus a loss of 15.1%. Over five years, LMT leads with a +36.5% price change compared with -13.2% for BA. Boeing is the larger company by market cap ($148.84 billion vs $115.22 billion), about 1.3 times the size.
On valuation, Lockheed Martin trades at a lower forward P/E (15.3x vs 45.6x for Boeing). Lockheed Martin pays a dividend yielding 2.73%, while Boeing does not currently pay one. Lockheed Martin converts more of its revenue into profit, with a net margin of 6.7% versus 2.5%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BA | LMT |
|---|---|---|
| Share price | $188.32 | $499.22 |
| Market cap | $148.84B | $115.22B |
| 1-day change | -0.79% | -2.14% |
| YTD return | -13.26% | +3.22% |
| 1-year return | -15.10% | -2.32% |
| 5-year return | -13.23% | +36.54% |
| P/E ratio (TTM) | 67.74 | 18.80 |
| Forward P/E | 45.63 | 15.27 |
| EPS (TTM) | $2.78 | $26.55 |
| Dividend yield | 0.00% | 2.73% |
| Annual dividend | $0.00 | $13.65 |
| Revenue (latest FY) | $89.46B | $75.05B |
| Revenue growth (YoY) | +34.50% | +5.64% |
| Net income (latest FY) | $2.23B | $5.02B |
| Gross margin | 4.79% | 10.15% |
| Operating margin | 4.79% | 10.30% |
| Net margin | 2.50% | 6.69% |
| 52-week high | $254.35 | $692.00 |
| 52-week low | $176.77 | $437.25 |
| Distance from 52-week high | -25.96% | -27.86% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +44.31% | +26.37% |
| Average volume | 6.53M | 1.13M |
| Shares outstanding | 790.37M | 230.79M |
| Employees | 182,000 | 123,000 |
| Sector | Industrials | Industrials |
| Industry | Aerospace | Military/Government/Technical |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- LMT has outperformed BA by 12.8 percentage points over the past year.
- Boeing trades at a higher earnings multiple (67.7x vs 18.8x trailing P/E).
- Lockheed Martin offers a meaningfully higher dividend yield (2.73% vs 0.00%).
- Boeing grew revenue faster in its latest fiscal year (+34.50% vs +5.64%).
About Boeing
BA stock →The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through three segments: Commercial Airplanes; Defense, Space & Security; and Global Services.
Industrials · Aerospace · 182,000 employees
About Lockheed Martin
LMT stock →Lockheed Martin Corporation, an aerospace and defense company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services in the United States, Europe, Asia, the Middle East, and internationally. The company operates through four segments: Aeronautics; Missiles and Fire Control (MFC); Rotary and Mission Systems (RMS); and Space.
Industrials · Military/Government/Technical · 123,000 employees
BA vs LMT FAQ
Which is bigger, Boeing or Lockheed Martin?
Boeing (BA) is larger, with a market capitalization of $148.84B compared with $115.22B for Lockheed Martin (LMT).
Which stock has performed better over the past year, BA or LMT?
LMT returned -2.32% over the past 12 months, compared with -15.10% for BA (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, BA or LMT?
LMT has the lower trailing P/E at 18.8, versus 67.7 for BA. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Boeing or Lockheed Martin?
Lockheed Martin pays a dividend yielding 2.73%, while Boeing does not currently pay a regular dividend.
Are Boeing and Lockheed Martin in the same industry?
Both are in the Industrials sector, but in different industries: Aerospace for Boeing and Military/Government/Technical for Lockheed Martin.