Lockheed Martin (LMT) Return on Invested Capital [ROIC] (2009 - 2026)
Lockheed Martin (LMT) reported Return on Invested Capital [ROIC] of 26.98% for Q2 2026, up 8.00 percentage points from 18.98% a year earlier and up 4.77 percentage points from the prior quarter.
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Analysis
Lockheed Martin (LMT) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Lockheed Martin posted Return on Invested Capital [ROIC] of 23.81%, up 0.17 percentage points from FY2024.
- Return on Invested Capital [ROIC] has a five-year change of -18.62 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 23.64% in FY2024 (-5.97 pp), 29.61% in FY2023 (-0.59 pp), 30.19% in FY2022 (-7.17 pp) and 37.37% in FY2021 (-5.06 pp).
- The Q2 2026 figure ranks as the highest quarterly Return on Invested Capital [ROIC] since Q3 2024.
- Year over year, Return on Invested Capital [ROIC] gained in three of the last eight quarters, with an average year-over-year change of -2.72 percentage points.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q2 2026 (a gain of 8.00 percentage points); the low point was Q3 2025 (a drop of 9.35 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 22.21% (Q1 2026), 23.07% (Q4 2025) and 18.84% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 321.31 Bn | 275.31 Bn | 4.68 Bn | -53.90% |
| 2 | Rtx | 248.97 Bn | 222.19 Bn | 5.13 Bn | 8.08% |
| 3 | Boeing | 152.99 Bn | 59.70 Bn | 2.41 Bn | 7.69% |
| 4 | Lockheed Martin | 116.67 Bn | 103.39 Bn | 2.45 Bn | 26.98% |
| 5 | Howmet Aerospace | 92.54 Bn | 88.15 Bn | 951.00 Mn | 19.17% |
| 6 | General Dynamics | 89.31 Bn | 76.42 Bn | 2.18 Bn | 13.63% |
| 7 | Motorola Solutions | 74.04 Bn | 70.40 Bn | 1.68 Bn | 20.27% |
| 8 | Northrop Grumman | 67.90 Bn | 57.15 Bn | 2.12 Bn | 12.31% |
| 9 | Honeywell International | 67.82 Bn | 20.27 Bn | 3.65 Bn | 12.25% |
| 10 | TransDigm | 60.25 Bn | 48.34 Bn | 1.63 Bn | 15.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 26.98% |
| Mar 29, 2026 | 22.21% |
| Dec 31, 2025 | 23.07% |
| Sep 28, 2025 | 18.84% |
| Jun 29, 2025 | 18.98% |
| Mar 30, 2025 | 23.53% |
| Dec 31, 2024 | 22.65% |
| Sep 29, 2024 | 28.20% |
| Jun 30, 2024 | 28.25% |
| Mar 31, 2024 | 28.81% |
| Dec 31, 2023 | 28.53% |
| Sep 24, 2023 | 27.23% |
| Jun 25, 2023 | 28.23% |
| Mar 26, 2023 | 29.04% |
| Dec 31, 2022 | 29.69% |
| Sep 25, 2022 | 30.76% |
| Jun 26, 2022 | 32.72% |
| Mar 27, 2022 | 33.64% |
| Dec 31, 2021 | 34.73% |
| Sep 26, 2021 | 37.43% |
API Access
Lockheed Martin Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=LMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=LMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();