Lockheed Martin (LMT) Return on Capital Employed [ROCE] (2009 - 2026)
Lockheed Martin's Return on Capital Employed [ROCE] was 23.92% in Q3 2026, up 7.27 percentage points from 16.66% a year earlier but down 0.79 percentage points from the prior quarter.
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Analysis
Lockheed Martin (LMT) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Return on Capital Employed [ROCE] at Lockheed Martin came in at 22.48%, up 2.22 percentage points from FY2024.
- Return on Capital Employed [ROCE] shows a five-year change of -2.09 percentage points (FY2020 to FY2025).
- In earlier years, Return on Capital Employed [ROCE] was 20.26% in FY2024 (-3.55 pp), 23.81% in FY2023 (+0.61 pp), 23.20% in FY2022 (-1.60 pp) and 24.79% in FY2021 (+0.23 pp).
- Quarterly Return on Capital Employed [ROCE] has moved between 16.66% (Q3 2025) and 25.25% (Q1 2022) over five years.
- Compared with a year earlier, Return on Capital Employed [ROCE] was higher in three of the last eight quarters, with an average year-over-year change of -0.37 percentage points.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was Q3 2026 (a gain of 7.27 percentage points); the worst was Q3 2025 (a drop of 6.31 percentage points).
- Per Business Quant data, LMT's Return on Capital Employed [ROCE] in the three quarters before Q3 2026 was 24.71% (Q2 2026), 19.82% (Q1 2026) and 21.05% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 348.08 Bn | 306.60 Bn | 5.02 Bn | -19.49% |
| 2 | Rtx | 265.63 Bn | 233.90 Bn | 5.81 Bn | 10.08% |
| 3 | Boeing | 136.74 Bn | 45.69 Bn | 2.17 Bn | 17.91% |
| 4 | Lockheed Martin | 135.57 Bn | 119.80 Bn | 2.44 Bn | 23.92% |
| 5 | General Dynamics | 97.85 Bn | 83.08 Bn | 2.25 Bn | 14.17% |
| 6 | Motorola Solutions | 87.60 Bn | 84.06 Bn | 1.77 Bn | 21.71% |
| 7 | Howmet Aerospace | 85.98 Bn | 81.73 Bn | 1.00 Bn | 24.70% |
| 8 | Northrop Grumman | 76.55 Bn | 64.01 Bn | 2.35 Bn | 12.21% |
| 9 | Honeywell International | 72.76 Bn | 32.28 Bn | 2.02 Bn | -7.52% |
| 10 | TransDigm | 70.04 Bn | 58.05 Bn | 1.63 Bn | 19.59% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 27, 2026 | 23.92% |
| Jun 28, 2026 | 24.71% |
| 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% |
API Access
Lockheed Martin Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=LMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "LMT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=LMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();