Elbit Systems (ESLT) vs Lockheed Martin (LMT)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Elbit Systems (ESLT) has outperformed Lockheed Martin (LMT) over the past year, gaining 28.6% versus a loss of 2.3%. Over five years, ESLT leads with a +351.4% price change compared with +36.5% for LMT. Lockheed Martin is the larger company by market cap ($115.22 billion vs $31.36 billion), about 3.7 times the size, while Elbit Systems is growing revenue faster (+16.3% vs +5.6%).
On valuation, Lockheed Martin trades at a lower forward P/E (15.3x vs 36.4x for Elbit Systems). Lockheed Martin offers the higher dividend yield (2.73% vs 0.56%). Elbit Systems converts more of its revenue into profit, with a net margin of 6.7% versus 6.7%.
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 | ESLT | LMT |
|---|---|---|
| Share price | $669.13 | $499.22 |
| Market cap | $31.36B | $115.22B |
| 1-day change | -3.18% | -2.14% |
| YTD return | +15.82% | +3.22% |
| 1-year return | +28.56% | -2.32% |
| 5-year return | +351.38% | +36.54% |
| P/E ratio (TTM) | 50.35 | 18.40 |
| Forward P/E | 36.44 | 15.27 |
| EPS (TTM) | $13.29 | $27.13 |
| Dividend yield | 0.56% | 2.73% |
| Annual dividend | $3.75 | $13.65 |
| Revenue (latest FY) | $7.94B | $75.05B |
| Revenue growth (YoY) | +16.27% | +5.64% |
| Net income (latest FY) | $534.34M | $5.02B |
| Gross margin | 24.38% | 10.15% |
| Operating margin | 8.46% | 10.30% |
| Net margin | 6.73% | 6.69% |
| 52-week high | $1,016.06 | $692.00 |
| 52-week low | $453.00 | $437.25 |
| Distance from 52-week high | -34.14% | -27.86% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +19.76% | +26.37% |
| Average volume | 79.00K | 1.13M |
| Shares outstanding | 46.86M | 230.79M |
| Employees | 21,000 | 123,000 |
| Sector | Industrials | Industrials |
| Industry | Military/Government/Technical | 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
- Lockheed Martin is about 3.7 times larger than Elbit Systems by market value ($115.22B vs $31.36B).
- ESLT has outperformed LMT by 30.9 percentage points over the past year.
- Elbit Systems trades at a higher earnings multiple (50.3x vs 18.4x trailing P/E).
- Lockheed Martin offers a meaningfully higher dividend yield (2.73% vs 0.56%).
- Elbit Systems grew revenue faster in its latest fiscal year (+16.27% vs +5.64%).
About Elbit Systems
ESLT stock →Elbit Systems Ltd., together with its subsidiaries, develops and supplies defense and homeland security arenas products and services in Israel, North America, Europe, the Asia-Pacific, Latin America, and internationally. The company operates through five segments: Aerospace; C4I and Cyber; Intelligence, Surveillance, Target Acquisition and Reconnaissance and Electronic Warfare; Land; and Elbit Systems of America.
Industrials · Military/Government/Technical · 21,000 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
ESLT vs LMT FAQ
Which is bigger, Elbit Systems or Lockheed Martin?
Lockheed Martin (LMT) is larger, with a market capitalization of $115.22B compared with $31.36B for Elbit Systems (ESLT).
Which stock has performed better over the past year, ESLT or LMT?
ESLT returned +28.56% over the past 12 months, compared with -2.32% for LMT (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ESLT or LMT?
LMT has the lower trailing P/E at 18.4, versus 50.3 for ESLT. 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, Elbit Systems or Lockheed Martin?
Lockheed Martin has the higher yield at 2.73%, compared with 0.56% for Elbit Systems.
Are Elbit Systems and Lockheed Martin in the same industry?
Yes. Both are classified in the Military/Government/Technical industry within the Industrials sector.