Lockheed Martin (LMT) Return on Invested Capital [ROIC] (2009 - 2026)
Lockheed Martin (LMT) reported Return on Invested Capital [ROIC] of 26.48% for Q3 2026, up 7.63 percentage points from 18.84% a year earlier but down 0.50 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).
- Five-year quarterly Return on Invested Capital [ROIC] spans a low of 18.84% in Q3 2025 and a high of 34.73% in Q4 2021.
- Year over year, Return on Invested Capital [ROIC] gained in three of the last eight quarters, with an average year-over-year change of -1.88 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 Q3 2026 came in at 26.98% (Q2 2026), 22.21% (Q1 2026) and 23.07% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 348.08 Bn | 306.60 Bn | 5.02 Bn | -38.72% |
| 2 | Rtx | 265.63 Bn | 233.90 Bn | 5.81 Bn | 8.59% |
| 3 | Boeing | 136.74 Bn | 45.69 Bn | 2.17 Bn | 18.19% |
| 4 | Lockheed Martin | 135.57 Bn | 119.80 Bn | 2.44 Bn | 26.48% |
| 5 | General Dynamics | 97.85 Bn | 83.08 Bn | 2.25 Bn | 14.04% |
| 6 | Motorola Solutions | 87.60 Bn | 84.06 Bn | 1.77 Bn | 18.83% |
| 7 | Howmet Aerospace | 85.98 Bn | 81.73 Bn | 1.00 Bn | 21.46% |
| 8 | Northrop Grumman | 76.55 Bn | 64.01 Bn | 2.35 Bn | 12.20% |
| 9 | Honeywell International | 72.76 Bn | 32.28 Bn | 2.02 Bn | -6.73% |
| 10 | TransDigm | 70.04 Bn | 58.05 Bn | 1.63 Bn | 15.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 27, 2026 | 26.48% |
| 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% |
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();