LIVE
LMT
Lockheed Martin Corporation · Industrials - Aerospace & Defense
$510.95
-2.98% this month
VERSUS
⟷
COMPARE
RTX
RTX Corporation · Industrials - Aerospace & Defense
$185.60
+6.37% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
LMT
1
RTX
4
Comparison scoreboard
RTX LEADS 4/5AI Score
LMT 50.3
RTX ✓52.0
1Y Return
LMT +6.59%
RTX ✓+25.00%
Fwd P/E
LMT ✓16.84
RTX 24.21
Target Up.
LMT +15.70%
RTX ✓+17.54%
Op. Margin
LMT 11.00%
RTX ✓13.18%
Metrics last refreshed: 6/20/2026
Quick take
LMT vs RTX Stock Comparison: AI Score, Valuation, Performance and Upside
Both LMT and RTX are premier U.S. defense contractors with strong government relationships, but Lockheed Martin is more purely focused on defense platforms (F-35, missiles, space), while RTX is more diversified across defense systems and commercial aerospace (Pratt & Whitney engines, Collins avionics).
LMT vs RTX compares the world's largest pure-play defense platform contractor against a highly diversified defense and commercial aerospace systems company, both benefiting from rising global defense spending.
Live analysis · updated 6/20/2026
RTX holds the edge across 4 of 5 key metrics in this comparison. RTX has delivered stronger 1-year price return (+25.00% vs +6.59%), though LMT trades at the lower forward P/E (16.84x vs 24.21x). RTX leads on both revenue growth (8.70%) and operating margin (13.18%), suggesting a stronger fundamental setup on both dimensions. Analyst consensus implies similar upside for both: +15.70% for LMT and +17.54% for RTX.
Normalized 1Y performance
LMT
RTX
Recent returns
LMT
RTX
Analyst price targets & sentiment
LMT · 22 analysts
STRONG BUYHOLDSTRONG SELL
Buy (2.3/5.0)
Price target range
analyst low$408.00
analyst high$670.00
analyst mean$625.16
current price$510.95
+15.7% upside to analyst mean
RTX · 23 analysts
STRONG BUYHOLDSTRONG SELL
Buy (1.8/5.0)
Price target range
analyst low$114.00
analyst mean$215.73
current price$185.60
+17.5% upside to analyst mean
Who should consider this stock?
LMT may suit investors who:
- →Want pure defense contractor exposure anchored by the F-35 program and missile defense systems
- →Value Lockheed's multi-decade revenue visibility from F-35 sustainment contracts
- →Believe rising NATO and allied defense spending will drive sustained Lockheed program demand
RTX may suit investors who:
- →Want diversified defense and commercial aerospace exposure across missiles, jet engines, and avionics
- →See recovery potential in Pratt & Whitney's GTF engine remediation and Raytheon's air defense demand
- →Value the dual exposure to defense spending and commercial aviation aftermarket recovery
Performance & AI score
| Metric | LMT | RTX |
|---|---|---|
| AI score | 50.3 | 52.0 |
| AI rank | #452 | #349 |
| Latest close | $510.95 | $185.60 |
| 1M return | -2.98% | +6.37% |
| 6M return | +7.62% | +4.74% |
| 1Y return | +6.59% | +25.00% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | LMT | RTX |
|---|---|---|
| 1Y ago | $10.9K (+9.0%) started 2025-06-18 | $12.72K (+27.2%) started 2025-06-18 |
| 5Y ago | $16.43K (+64.3%) started 2021-06-21 | $25.3K (+153.0%) started 2021-06-21 |
| 10Y ago | $34.97K (+249.7%) started 2016-06-20 | $45.11K (+351.1%) started 2016-06-20 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | LMT | RTX |
|---|---|---|
| Market cap | $124.58B | $247.16B |
| Trailing P/E | 26.18 | 34.50 |
| Forward P/E | 16.84 | 24.21 |
| Price/Sales | 1.57 | 2.27 |
| EV/Revenue | 1.91 | 3.11 |
| Analyst target | $625.16 | $215.73 |
| Target upside | +15.70% | +17.54% |
Growth, profitability & risk
| Metric | LMT | RTX |
|---|---|---|
| Revenue growth | 0.30% | 8.70% |
| Earnings growth | -11.50% | 32.50% |
| EPS growth | -11.50% | +32.50% |
| FCF margin | +5.31% | +8.00% |
| Operating margin | 11.00% | 13.18% |
| Profit margin | 6.38% | 8.03% |
| ROIC proxy | 67.64% | 11.57% |
| Return on equity | 67.64% | 11.57% |
| Dividend yield | 2.55% | 1.51% |
| Beta | 0.11 | 0.31 |
| Debt/equity | 276.37 | 57.23 |
| Current ratio | 1.14 | 1.02 |
| Quick ratio | 0.91 | 0.65 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
LMT max drawdown25.15%
RTX max drawdown19.32%
LMT max wkly drop13.30%
RTX max wkly drop11.45%
5Y risk snapshot
LMT max drawdown32.26%
RTX max drawdown32.84%
LMT max wkly drop13.30%
RTX max wkly drop12.34%
10Y risk snapshot
LMT max drawdown36.67%
RTX max drawdown51.98%
LMT max wkly drop19.06%
RTX max wkly drop26.15%
Performance metrics by period
| Period | Metric | LMT | RTX |
|---|---|---|---|
| 1Y | Growth | +9.04% | +27.24% |
| CAGR | +9.05% | +27.28% | |
| Sharpe ratio | 0.29 | 0.93 | |
| Max drawdown | 25.15% | 19.32% | |
| Max daily drop | 10.81% | 4.40% | |
| Max wkly drop | 13.30% | 11.45% | |
| 5Y | Growth | +47.83% | +130.58% |
| CAGR | +8.14% | +18.22% | |
| Sharpe ratio | 0.26 | 0.63 | |
| Max drawdown | 32.26% | 32.84% | |
| Max daily drop | 11.80% | 10.22% | |
| Max wkly drop | 13.30% | 12.34% | |
| 10Y | Growth | +169.76% | +257.64% |
| CAGR | +10.44% | +13.60% | |
| Sharpe ratio | 0.35 | 0.44 | |
| Max drawdown | 36.67% | 51.98% | |
| Max daily drop | 12.76% | 14.48% | |
| Max wkly drop | 19.06% | 26.15% |
Business comparison
| Category | LMT | RTX |
|---|---|---|
| Company | Lockheed Martin Corporation | RTX Corporation |
| Sector | Industrials | Industrials |
| Industry | Aerospace & Defense | Aerospace & Defense |
| Core business | Lockheed Martin is the world's largest defense company by revenue, designing, manufacturing, and integrating advanced aerospace, defense, and security systems including the F-35 fighter jet, missile defense, space systems, and rotary wing aircraft. | RTX is a major diversified aerospace and defense company combining Raytheon (missiles, radar, defense electronics) with Pratt & Whitney (commercial and military jet engines) and Collins Aerospace (avionics, aircraft systems), formed from the 2020 UTC/Raytheon merger. |
| Investor focus | Investors track F-35 program delivery rates and sustainment revenue, backlog growth, missile defense systems demand from NATO and allied governments, and free cash flow generation supporting dividends and buybacks. | Investors track Pratt & Whitney's GTF engine recall and remediation costs, Raytheon defense segment missile and air defense demand, Collins Aerospace commercial aviation aftermarket revenue, and overall cash flow recovery toward pre-recall levels. |
LMT strengths
- →World's largest defense contractor by revenue with unmatched position in fighter jets (F-35), missile defense, and space systems
- →F-35 program's multi-decade sustainment tail provides very long-term revenue visibility
- →Rising global defense spending from NATO commitments and geopolitical tension drives strong demand for Lockheed's platforms
RTX strengths
- →Highly diversified across missiles/defense electronics (Raytheon), jet engines (P&W), and aerospace systems (Collins)
- →Commercial aerospace recovery through Pratt & Whitney and Collins provides a non-defense growth driver
- →Patriot missile and other air defense systems are in strong demand from U.S. allies globally
Risks to watch — LMT
- →F-35 program has faced technical and cost overruns that have required ongoing budget negotiations with the U.S. government
- →Concentrated in a few large platforms means any program disruption has outsized impact
- →U.S. government budget negotiations and continuing resolutions can delay contract awards
Risks to watch — RTX
- →Pratt & Whitney GTF engine powder metal contamination recall created significant financial liability and customer disruption
- →Managing three very different defense and commercial aerospace businesses requires complex coordination
- →Commercial aerospace is more cyclically sensitive than pure defense revenues
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