Lockheed Martin (LMT) Return on Capital Employed (2009 - 2026)

Lockheed Martin (LMT) posted quarterly Return on Capital Employed of 19.82% for Q1 2026, down 122.0% year-over-year from 90.09% in Q1 2025, and down 5.86% on a QoQ basis from 21.05% in Q4 2025.

Lockheed Martin (LMT) Return on Capital Employed (2009 - 2026) Analysis & Trends

Lockheed Martin (LMT) has reported Return on Capital Employed for 18 consecutive years, with 19.82% the latest figure, recorded in Q1 2026.

  • In Q1 2026, Return on Capital Employed fell 122.0% year-over-year to 19.82%; the TTM figure through Mar 2026 stood at 19.82% (down 122.0% YoY), while the FY2025 annual figure was 22.48%, up 222.0% from the prior year.
  • Return on Capital Employed came in at 19.82% for Q1 2026 at Lockheed Martin, down from 21.05% in the prior quarter.
  • The five-year high for Return on Capital Employed was 25.25% in Q1 2022, with the low at 16.66% in Q3 2025.
  • Average Return on Capital Employed over 5 years is 21.88%, with a median of 22.64% recorded in 2023.
  • The largest YoY upside for Return on Capital Employed was 165 bps in 2025 against a maximum downside of 631 bps in 2025.
  • Year by year, Return on Capital Employed stood at 22.83% in 2022, then decreased by 1 bps to 22.61% in 2023, then fell by 14 bps to 19.4% in 2024, then grew by 9 bps to 21.05% in 2025, then retreated by 6 bps to 19.82% in 2026.
  • According to Business Quant data, Return on Capital Employed over the past three periods registered 19.82%, 21.05%, and 16.66% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Boeing 1,106.33 Bn 1,085.43 Bn 2.55 Bn 7.00%
2 Rtx 258.51 Bn 253.40 Bn 9.08 Bn 8.75%
3 General Dynamics 174.86 Bn 171.21 Bn 9.09 Bn 14.01%
4 Lockheed Martin 119.99 Bn 118.10 Bn 2.08 Bn 19.82%
5 Howmet Aerospace 107.26 Bn 104.82 Bn 854.00 Mn 23.50%
6 TransDigm 76.18 Bn 72.30 Bn 1.51 Bn 19.95%
7 Northrop Grumman 73.88 Bn 71.79 Bn 3.45 Bn 6.49%
8 Rocket Lab 60.59 Bn 59.31 Bn 76.49 Mn -10.40%
9 L3Harris Technologies 54.60 Bn 54.60 Bn 1.40 Bn 12.10%
10 Heico 50.20 Bn 50.07 Bn 569.53 Mn 13.72%

Historic Data

Download Data
DateValue
Mar 29, 2026 19.82%
Dec 31, 2025 21.05%
Sep 28, 2025 16.66%
Jun 29, 2025 17.82%
Mar 30, 2025 21.04%
Dec 31, 2024 19.40%
Sep 29, 2024 22.97%
Jun 30, 2024 23.30%
Mar 31, 2024 23.60%
Dec 31, 2023 22.61%
Sep 24, 2023 21.47%
Jun 25, 2023 22.64%
Mar 26, 2023 22.99%
Dec 31, 2022 22.83%
Sep 25, 2022 23.94%
Jun 26, 2022 24.59%
Mar 27, 2022 25.25%
Dec 31, 2021 24.42%
Sep 26, 2021 24.24%
Jun 27, 2021 24.12%